XML 62 R34.htm IDEA: XBRL DOCUMENT v3.3.0.814
Dividends and Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2015
Dividends and Earnings Per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

Three months
ended September 30,

 

Nine months
ended September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income attributable to Primoris

 

$
19,007 

 

$
27,390 

 

$
24,317 

 

$
54,226 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

 

 

Weighted average shares for computation of basic earnings per share

 
51,672 

 
51,606 

 
51,637 

 
51,622 

 

Dilutive effect of shares issued to independent directors

 
3 

 
4 

 
3 

 
3 

 

Dilutive effect of unvested restricted stock units (1)

 
149 

 
149 

 
149 

 
134 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares for computation of diluted earnings per share

 
51,824 

 
51,759 

 
51,789 

 
51,759 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic earnings per share

 

$
0.37 

 

$
0.53 

 

$
0.47 

 

$
1.05 

 

Diluted earnings per share

 

$
0.37 

 

$
0.53 

 

$
0.47 

 

$
1.05 

 

 

(1)   Represents the dilutive effect of a grant of 148,512 shares of Units and 535 vested Dividend Equivalent Units.