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.

· On August 2, 2013, the Company declared a cash dividend of $0.035 per common share, payable to stockholders of record on September 30, 2013. The dividend, totaling $1,805, was paid on October 15, 2013.

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

	Three months ended September 30,				Nine months ended September 30,
	2013		2012		2013		2012
Numerator:
Net income attributable to Primoris	$	21,845	$	17,516	$	47,179	$	39,735
Denominator (shares in thousands):
Weighted average shares for computation of basic earnings per share	51,568		51,398		51,529		51,387
Dilutive effect of shares issued to independent directors	3		6		10		15
Dilutive effect of shares issued as part of Q3C acquisition	—		—		1		—
Dilutive effect of unvested restricted stock units	100		—		55		—
Weighted average shares for computation of diluted earnings per share	51,671		51,404		51,595		51,402

Earnings per share:
Basic earnings per share	$	0.42	$	0.34	$	0.92	$	0.77
Diluted earnings per share	$	0.42	$	0.34	$	0.91	$	0.77