Basic earnings per share (“EPS”) is calculated by dividing the net income attributable to our Company by the weighted average number of common shares outstanding during the period. Diluted EPS is calculated by dividing the net income attributable to our Company by the weighted average number of common and common equivalent shares outstanding during the period and is calculated using the treasury stock method for equity-based compensation awards.

The following table sets forth the computation of basic and diluted EPS and a reconciliation of the weighted average number of common and common equivalent shares outstanding:



	Three Months Ended
	March 31,
(Dollars in thousands, except share data)	2026		2025
Numerator:
Net income (loss) attributable to Reading International, Inc.	$	(8,147)	$	(4,752)
Denominator:
Weighted average number of shares of common stock – basic		22,717,260		22,426,184
Weighted average dilutive impact of awards		—		—
Weighted average number of shares of common stock – diluted		22,717,260		22,426,184
Basic earnings (loss) per share	$	(0.36)	$	(0.21)
Diluted earnings (loss) per share	$	(0.36)	$	(0.21)
Awards excluded from diluted earnings (loss) per share		3,949,445		1,707,412

Our weighted average number of shares of common stock - basic increased, primarily as a result of the vesting of restricted stock units. We did not repurchase any shares of Class A Common Stock during the first three months of 2026 or 2025.

Outstanding awards of 3,949,445 shares for the period ended March 31, 2026 and 1,707,412 shares for the period ended March 31, 2025 were excluded from the computation of dilutive shares, as they were anti-dilutive because of the net loss from continuing operations.