NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

6 Months Ended

Jun. 30, 2017

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

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

8. 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, 2017, and 2016, respectively.

	Three Months Ended June 30, 2017						Three Months Ended June 30, 2016
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	832		24,256	$	0.03	$	10,252		24,204	$	0.42
Unvested restricted stock grant				379						304
Dilutive stock options outstanding				399						377
Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	832		25,034	$	0.03	$	10,252		24,885	$	0.41

	Six Months Ended June 30, 2017						Six Months Ended June 30, 2016
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	2,319		24,248	$	0.10	$	17,476		24,344	$	0.72
Unvested restricted stock grant				350						293
Dilutive stock options outstanding				446						348
Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	2,319		25,044	$	0.09	$	17,476		24,985	$	0.70

At June 30, 2017, and 2016, 1,334,087 and 1,368,437 potential common stock shares, respectively were issuable upon the exercise of options and warrants.

The earnings per share calculation for the period ended June 30, 2016, included 300,000 shares of the Company that were held in the treasury of TOCCO.  These shares were transferred to the treasury of TREC in late 2016.