Note 17—Dividends and Earnings Per Share

The Company has paid or declared cash dividends during 2015 as follows:

On November 4, 2014, the Company declared a cash dividend of $0.04 per common share, payable to stockholders of record on December 31, 2014. The dividend, totaling $2,062, was paid on January 15, 2015.

On February 24, 2015, the Company declared a cash dividend of $0.04 per common share, payable to stockholders of record on March 31, 2015. The dividend, totaling $2,063, was paid on April 15, 2015.

The table below presents the computation of basic and diluted earnings per share for the three months ended March 31, 2015 and 2014:

	Three months ended March 31,
	2015		2014
Numerator:
Net income attributable to Primoris	$	1,672	$	10,833
Denominator:
Weighted average shares for computation of basic earnings per share	51,572		51,610
Dilutive effect of shares issued to independent directors	5		—
Dilutive effect of unvested restricted stock units and vested dividend equivalent units (1)	149		104
Weighted average shares for computation of diluted earnings per share	51,726		51,714

Earnings per share:
Basic	$	0.03	$	0.21
Diluted	$	0.03	$	0.21

(1)

Represents the dilutive effect of a grant for 100,000 shares of Units on May 3, 2013 and 48,512 shares of Units on March 24, 2014 and the effect of 168 vested Dividend Equivalent Units as of March 31, 2015.