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Dividends and Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Dividends and Earnings Per Share  
Schedule of cash dividends paid or declared

 

 

 

 

 

 

 

 

 

Declaration Date

 

Record Date

    

Payable Date

    

Amount Per Share

 

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

 

March 21, 2017

 

March 31, 2017

 

April 15, 2017

 

$

0.055

 

 

Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

    

2017

    

2016

 

Numerator:

 

 

 

 

 

 

 

Net income attributable to Primoris

 

$

7,691

 

$

2,693

 

 

 

 

 

 

 

 

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

Weighted average shares for computation of basic earnings per share

 

 

51,594

 

 

51,725

 

Dilutive effect of shares issued to independent directors

 

 

 7

 

 

 6

 

Dilutive effect of restricted stock units (1)

 

 

250

 

 

150

 

Weighted average shares for computation of diluted earnings per share

 

 

51,851

 

 

51,881

 

 

 

 

 

 

 

 

 

Earnings per share attributable to Primoris:

 

 

 

 

 

 

 

Basic

 

$

0.15

 

$

0.05

 

Diluted

 

$

0.15

 

$

0.05

 


(1)

Represents the dilutive effect of a grant of 249,065 Units and 1,990 vested Dividend Equivalent Units.