Dividends and Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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	$	0.06
February 26, 2019	March 29, 2019	April 15, 2019		0.06
May 3, 2019	June 28, 2019	July 15, 2019		0.06
August 2, 2019	September 30, 2019	October 15, 2019		0.06
October 31, 2019	December 31, 2019	January 15, 2020		0.06
February 21, 2020	March 31, 2020	April 15, 2020		0.06
May 1, 2020	June 30, 2020	July 15, 2020		0.06
July 31, 2020	September 30, 2020	October 15, 2020		0.06

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, 2020 and 2019 (in thousands, except per share amounts).

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net income attributable to Primoris	$	43,941	$	35,648	$	73,163	$	55,382
Denominator:
Weighted average shares for computation of basic earnings per share		48,253		50,976		48,370		50,887
Dilutive effect of shares issued to independent directors		3		6		5		4
Dilutive effect of restricted stock units		318		233		337		319
Weighted average shares for computation of diluted earnings per share		48,574		51,215		48,712		51,210
Earnings per share attributable to Primoris:
Basic	$	0.91	$	0.70	$	1.51	$	1.09
Diluted	$	0.90	$	0.70	$	1.50	$	1.08