NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

3 Months Ended

Mar. 31, 2018

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 months ended March 31, 2018 and 2017, respectively.

	Three Months Ended March 31, 2018						Three Months Ended March 31, 2017
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	2,352		24,343	$	0.10	$	1,487		24,240	$	0.06
Unvested restricted stock units				403						321
Dilutive stock options outstanding				485						493
Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	2,352		25,231	$	0.09	$	1,487		25,054	$	0.06

At March 31, 2018 and 2017, respectively, 1,242,160 and 1,344,087 potential common stock shares, respectively were issuable upon the exercise of options and warrants.

In first quarter 2018, we completed an exchange of shares with some Saudi Arabian shareholders whereby they traded 65,000 shares of TREC stock in exchange for 24,489 shares of our AMAK stock.  The 65,000 shares were accounted for as treasury stock.