Dividends and Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of cash dividends paid or declared

We have paid or declared cash dividends during 2016, 2017 and 2018 as follows:


Declaration Date	Record Date	Payable Date	Amount Per Share
February 22, 2016	March 31, 2016	April 15, 2016	$	0.055
May 2, 2016	June 30, 2016	July 15, 2016	$	0.055
August 3, 2016	September 30, 2016	October 14, 2016	$	0.055
November 2, 2016	December 31, 2016	January 16, 2017	$	0.055
February 21, 2017	March 31, 2017	April 15, 2017	$	0.055
May 5, 2017	June 30, 2017	July 14, 2017	$	0.055
August 2, 2017	September 29, 2017	October 14, 2017	$	0.055
November 2, 2017	December 29, 2017	January 15, 2018	$	0.060
February 21, 2018	March 30, 2018	April 13, 2018	$	0.060
May 4, 2018	June 29, 2018	July 13, 2018	$	0.060
August 2, 2018	September 28, 2018	October 15, 2018	$	0.060
November 2, 2018	December 31, 2018	January 15, 2019	$	0.060

Schedule of computation of basic and diluted earnings per share

The table below presents the computation of basic and diluted earnings per share for the years ended December 31, 2018, 2017 and 2016 (in thousands, except per share amounts):


	2018		2017		2016
Numerator:
Net income attributable to Primoris	$	77,461	$	72,354	$	26,723

Denominator:
Weighted average shares for computation of basic earnings per share		51,350		51,481		51,762
Dilutive effect of shares issued to independent directors		3		3		3
Dilutive effect of restricted stock units (1)		317		257		224
Weighted average shares for computation of diluted earnings per share		51,670		51,741		51,989

Earnings per share attributable to Primoris:
Basic	$	1.51	$	1.41	$	0.52
Diluted	$	1.50	$	1.40	$	0.51

(1)

Represents the effect of the grant of 403,985 shares of Restricted Stock Units and 5,121 vested Dividend Equivalent Units.