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Dividends and Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Dividends and Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

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