Dividends and Earnings Per Share (Tables)

9 Months Ended

Sep. 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
August 2, 2018	September 28, 2018	October 15, 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 nine months ended September 30, 2018 and 2017 (in thousands, except per share amounts).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Numerator:
Net income attributable to Primoris	$	32,691	$	20,597	$	45,094	$	49,833
Denominator:
Weighted average shares for computation of basic earnings per share		51,403		51,441		51,471		51,491
Dilutive effect of shares issued to independent directors		4		4		3		4
Dilutive effect of restricted stock units (1)		328		262		286		256
Weighted average shares for computation of diluted earnings per share		51,735		51,707		51,760		51,751
Earnings per share attributable to Primoris:
Basic	$	0.64	$	0.40	$	0.88	$	0.97
Diluted	$	0.63	$	0.40	$	0.87	$	0.96

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