NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

6 Months Ended

Jun. 30, 2016

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES [Abstract]

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

9. NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

The following table (in thousands, except per share amounts) sets forth the computation of basic and diluted net income per share attributable to Trecora Resources for the three and six months ended June 30, 2016, and 2015, respectively.

	Three Months Ended June 30, 2016 (restated)						Three Months Ended June 30, 2015
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	10,252		24,204	$	0.42	$	6,374		24,354	$	0.26
Unvested restricted stock grant				304						148
Dilutive stock options outstanding				377						653
Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	10,252		24,885	$	0.41	$	6,374		25,155	$	0.25

	Six Months Ended June 30, 2016 (restated)						Six Months Ended June 30, 2015
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	17,476		24,344	$	0.72	$	12,158		24,331	$	0.50
Unvested restricted stock grant				293						133
Dilutive stock options outstanding				348						686
Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	17,476		24,985	$	0.70	$	12,158		25,150	$	0.48

At June 30, 2016, and 2015, 1,368,437 and 1,497,771 potential common stock shares, respectively were issuable upon the exercise of options and warrants.

The earnings per share calculations for the periods ended June 30, 2016, and 2015, include 300,000 shares of the Company that are held in the treasury.  In June 2016 these 300,000 shares previously owned by TOCCO were transferred up to the Company at cost to be held in treasury for future issuances.