Dividends and Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Dividends and Earnings Per Share

Schedule of cash dividends paid or declared

We paid cash dividends during 2020 and 2019 as follows:

Declaration Date	Record Date	Date Paid	Amount Per Share
November 2, 2018	December 31, 2018	January 15, 2019		0.060
February 26, 2019	March 29, 2019	April 15, 2019		0.060
May 3, 2019	June 28, 2019	July 15, 2019		0.060
August 2, 2019	September 30, 2019	October 15, 2019		0.060
October 31, 2019	December 31, 2019	January 15, 2020		0.060
February 21, 2020	March 31, 2020	April 15, 2020		0.060

Schedule of computation of basic and diluted earnings per share

The table below presents the computation of basic and diluted (loss) earnings per share for the three months ended March 31, 2020 and 2019 (in thousands, except per share amounts).

	Three Months Ended March 31,
	2020		2019
Numerator:
Net (loss) income attributable to Primoris	$	(3,737)	$	1,947
Denominator:
Weighted average shares for computation of basic earnings per share		48,588		50,770
Dilutive effect of shares issued to independent directors (1)		—		8
Dilutive effect of restricted stock units (1)		—		410
Weighted average shares for computation of diluted (loss) earnings per share		48,588		51,188
(Loss) earnings per share attributable to Primoris:
Basic	$	(0.08)	$	0.04
Diluted	$	(0.08)	$	0.04

(1) The dilutive effect of shares issued to independent directors and restricted stock units of 9 and 300, respectively, for the three months ended March 31, 2020, were excluded from the weighted average diluted shares outstanding for the three months ended March 31, 2020, as their inclusion would be anti-dilutive.