Dividends and Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Dividends and Earnings Per Share

Schedule of cash dividends paid or declared

Declaration Date	Record Date	Payable Date	Amount Per Share
February 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
February 21, 2018	March 30, 2018	April 13, 2018	$	0.060
May 4, 2018	June 29, 2018	July 13, 2018	$	0.060

Schedule of computation of basic and diluted earnings per share

The table below presents the computation of basic and diluted earnings per share for the three and six months ended June 30, 2018 and 2017 (in thousands, except per share amounts).

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Numerator:
Net income attributable to Primoris	$	11,715	$	21,545	$	12,403	$	29,236
Denominator:
Weighted average shares for computation of basic earnings per share		51,531		51,437		51,505		51,515
Dilutive effect of shares issued to independent directors		—		—		3		3
Dilutive effect of restricted stock units (1)		262		251		262		253
Weighted average shares for computation of diluted earnings per share		51,793		51,688		51,770		51,771
Earnings per share attributable to Primoris:
Basic	$	0.23	$	0.42	$	0.24	$	0.57
Diluted	$	0.23	$	0.42	$	0.24	$	0.56

(1) Represents the dilutive effect of the grant of Units and vested Dividend Equivalent Units for the respective periods presented.