Graham Corporation Quarterly report pursuant to Section 13 or 15(d)

Income Per Share (Tables)

6 Months Ended

Sep. 30, 2012


	Three Months Ended September 30,				Six Months Ended September 30,
	2012		2011		2012		2011
Basic income per share

Numerator:
Net income	$	2,615	$	5,468	$	4,005	$	8,484


Denominator:
Weighted common shares outstanding		9,988		9,913		9,975		9,896
Share equivalent units (“SEUs”)		43		55		42		58

Weighted average common shares and SEUs		10,031		9,968		10,017		9,954

Basic income per share	$	.26	$	.55	$	.40	$	.85

Diluted income per share

Numerator:
Net income	$	2,615	$	5,468	$	4,005	$	8,484

Denominator:
Weighted average shares and SEUs outstanding		10,031		9,968		10,017		9,954
Stock options outstanding		23		31		24		36
Contingently issuable SEUs		—		1		—		1

Weighted average common and potential common shares outstanding		10,054		10,000		10,041		9,991

Diluted income per share	$	.26	$	.55	$	.40	$	.85