READING INTERNATIONAL INC Earnings Per Share Disclosure
The following table sets forth the computation of basic and diluted earnings (loss) per share and a reconciliation of the weighted average number of common and common equivalent shares outstanding for the three years ended December 31, 2025:
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(Dollars in thousands, except share and per share data) |
| 2025 |
| 2024 |
| 2023 | |||
Numerator: |
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Net income (loss) attributable to Reading International, Inc. |
| $ | (14,140) |
| $ | (35,301) |
| $ | (30,673) |
Denominator: |
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Weighted average shares of common stock – basic |
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| 22,652,270 |
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| 22,401,662 |
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| 22,222,635 |
Weighted average dilutive impact of stock-based awards |
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| — |
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| — |
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| — |
Weighted average shares of common stock – diluted |
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| 22,652,270 |
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| 22,401,662 |
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| 22,222,635 |
Basic earnings (loss) per share |
| $ | (0.62) |
| $ | (1.58) |
| $ | (1.38) |
Diluted earnings (loss) per share |
| $ | (0.62) |
| $ | (1.58) |
| $ | (1.38) |
Awards excluded from diluted earnings (loss) per share |
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| 3,696,662 |
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| 1,047,592 |
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| 1,329,795 |
Outstanding awards of 3,696,662 shares for the year ended December 31, 2025 and 1,047,592 shares for the year ended December 31, 2024, were excluded from the computation of dilutive shares, as they were anti-dilutive because of the net loss from continuing operations.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Mar 29, 2024 | |
| 2022 | Mar 31, 2023 | |
| 2018 | Mar 18, 2019 | |
| 2017 | Mar 16, 2018 | |
| 2016 | Mar 13, 2017 | |
| 2015 | Apr 29, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.