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Dividends and Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2013
Dividends and Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

Three months
ended March 31,

 

 

 

2013

 

2012

 

Numerator:

 

 

 

 

 

Net income attributable to Primoris

 

$

9,770

 

$

10,486

 

Denominator:

 

 

 

 

 

Weighted average shares for computation of basic earnings per share

 

51,456

 

51,096

 

Dilutive effect of contingently issuable shares (1)

 

—

 

233

 

Dilutive effect of shares issued to independent directors

 

9

 

8

 

Dilutive effect of shares to be issued to Q3C sellers (2)

 

2

 

—

 

Weighted average shares for computation of diluted earnings per share

 

51,467

 

51,337

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

Basic

 

$

0.19

 

$

0.21

 

Diluted

 

$

0.19

 

$

0.20

 

 

 

(1)                                 Represents the dilutive effect of 232,637 unregistered shares of common stock issued to Rockford’s former stockholders in April 2012 as a result of Rockford meeting a defined performance target in 2011.

 

(2)                                 Represents the dilutive effect of 29,273 unregistered shares of common stock provided in January 2013 as part of the purchase consideration for the Q3C acquisition.