Note 15—Dividends and Earnings Per Share

The Company has paid or declared cash dividends during 2016 and 2017 as follows:


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
May 5, 2017	June 30, 2017	July 14, 2017	$	0.055
August 2, 2017	September 29, 2017	October 14, 2017	$	0.055
November 2, 2017	December 29, 2017	January 15, 2018	$	0.060

The payment of future dividends is contingent upon our revenues and earnings, capital requirements and general financial condition of the Company, as well as contractual restrictions and other considerations deemed relevant by the Board of Directors.

The table below presents the computation of basic and diluted earnings per share for the three and nine months ended September 30, 2017 and 2016.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Numerator:
Net income attributable to Primoris	$	20,597	$	4,504	$	49,833	$	12,253

Denominator (shares in thousands):
Weighted average shares for computation of basic earnings per share		51,441		51,780		51,491		51,759
Dilutive effect of shares issued to independent directors		4		4		4		4
Dilutive effect of restricted stock units (1)		262		250		256		215
Weighted average shares for computation of diluted earnings per share		51,707		52,034		51,751		51,978

Earnings per share attributable to Primoris:
Basic	$	0.40	$	0.09	$	0.97	$	0.24
Diluted	$	0.40	$	0.09	$	0.96	$	0.24

(1)

Represents the dilutive effect of a grant of 259,065 Units and 2,707 vested Dividend Equivalent Units.