Note 17—Dividends and Earnings Per Share

The Company has paid or declared cash dividends during 2013 as follows:

· On March 5, 2013, the Company declared a cash dividend of $0.03 per common share, payable to stockholders of record on March 29, 2013. The dividend, totaling $1,547, was paid on April 15, 2013.

· On May 3, 2013, the Company declared a cash dividend of $0.035 per common share, payable to stockholders of record on June 28, 2013. The dividend, totaling $1,805, was paid on July 15, 2013.

The table below presents the computation of basic and diluted earnings per share for the three and six months ended June 30, 2013 and 2012:

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Numerator:
Net income attributable to Primoris	$	15,564	$	11,733	$	25,334	$	22,219
Denominator (shares in thousands):
Weighted average shares for computation of basic earnings per share	51,562		51,435		51,510		51,386
Dilutive effect of shares issued to independent directors	—		—		4		—
Dilutive effect of shares issued as part of Q3C acquisition	—		—		1		—
Dilutive effect of unvested restricted stock units	64		—		32		—
Weighted average shares for computation of diluted earnings per share	51,626		51,435		51,547		51,386

Earnings per share:
Basic earnings per share	$	0.30	$	0.23	$	0.49	$	0.43
Diluted earnings per share	$	0.30	$	0.23	$	0.49	$	0.43