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Dividends and Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Dividends and Earnings Per Share  
Schedule of cash dividends paid or declared

 

 

 

 

 

 

 

 

 

Declaration Date

 

Record Date

    

Payable Date

    

Amount Per Share

 

February 24, 2015

 

March 31, 2015

 

April 15, 2015

 

$

0.040

 

May 1, 2015

 

June 30, 2015

 

July 15, 2015

 

$

0.055

 

August 4, 2015

 

September 30, 2015

 

October 15, 2015

 

$

0.055

 

November 3, 2015

 

December 31, 2015

 

January 15, 2016

 

$

0.055

 

February 22, 2016

 

March 31, 2016

 

April 15, 2016

 

$

0.055

 

May 2, 2016

 

June 30, 2016

 

July 15, 2016

 

$

0.055

 

August 3, 2016

 

September 30, 2016

 

October 14, 2016

 

$

0.055

 

November 2, 2016

 

December 31, 2016

 

January 16, 2017

 

$

0.055

 

 

Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net income

 

$

27,725

 

$

37,151

 

$

63,682

 

Net income attributable to noncontrolling interests

 

 

(1,002)

 

 

(279)

 

 

(526)

 

Net income attributable to Primoris

 

$

26,723

 

$

36,872

 

$

63,156

 

 

 

 

 

 

 

 

 

 

 

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

 

 

 

Weighted average shares for computation of basic earnings per share

 

 

51,762

 

 

51,647

 

 

51,607

 

Dilutive effect of shares issued to independent directors

 

 

3

 

 

2

 

 

2

 

Dilutive effect of restricted stock units (1)

 

 

224

 

 

149

 

 

138.0

 

Weighted average shares for computation of diluted earnings per share

 

 

51,989

 

 

51,798

 

 

51,747

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Primoris:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.52

 

$

0.71

 

$

1.22

 

Diluted

 

$

0.51

 

$

0.71

 

$

1.22

 


Represents the effect of the grant of 249,065 shares of Restricted Stock Units and 1,693 vested Dividend Equivalent Units.