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Dividends and Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2014
Dividends and Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

Three months
ended June 30,

 

Six months
ended June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Primoris

 

$

16,003

 

$

15,564

 

$

26,836

 

$

25,334

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

 

 

Weighted average shares for computation of basic earnings per share

 

51,655

 

51,562

 

51,631

 

51,510

 

Dilutive effect of shares issued to independent directors

 

—

 

—

 

2

 

4

 

Dilutive effect of unvested restricted stock units (1)

 

149

 

64

 

126

 

32

 

Dilutive effect of shares to be issued Q3C sellers (2)

 

—

 

—

 

—

 

1

 

Weighted average shares for computation of diluted earnings per share

 

51,804

 

51,626

 

51,759

 

51,547

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.31

 

$

0.30

 

$

0.52

 

$

0.49

 

Diluted earnings per share

 

$

0.31

 

$

0.30

 

$

0.52

 

$

0.49

 

 

(1)

 

Represents the dilutive effect of a grant for 100,000 shares of Units on May 3, 2013 and 48,512 shares of Units on March 24, 2014.

(2)

 

Represents the dilutive effect of 29,273 unregistered shares of common stock provided in January 2013 as part of the purchase consideration for the Q3C acquisition.