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

Quarterly report pursuant to Section 13 or 15(d)

(Loss) Income Per Share

(Loss) Income Per Share

3 Months Ended

Jun. 30, 2020

NOTE 6 – (LOSS) INCOME PER SHARE:

Basic (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding for the period. Diluted (loss) income per share is calculated by dividing net (loss) income by the weighted average number of common shares outstanding and, when applicable, potential common shares outstanding during the period. A reconciliation of the numerators and denominators of basic and diluted (loss) income per share is presented below:

	Three Months Ended
	June 30,
	2020			2019
Basic income per share
Numerator:
Net (loss) income	$	(1,818	)	$	82
Denominator:
Weighted average common shares outstanding		9,895			9,855
Basic (loss) income per share	$	(0.18	)	$	0.01
Diluted income per share
Numerator:
Net (loss) income	$	(1,818	)	$	82
Denominator:
Weighted average common shares outstanding		9,895			9,855
Stock options outstanding		—			3
Weighted average common and potential common shares outstanding		9,895			9,858
Diluted (loss) income per share	$	(0.18	)	$	0.01

None of the options to purchase 37 shares of common stock at June 30, 2020 were included in the computation of diluted loss per share as the affect would be anti-dilutive due to the net losses in the quarter. Options to purchase a total of 4 shares of common stock were outstanding at June 30, 2019 but were not included in the above computation of diluted income per share given their exercise prices, as they would not be dilutive upon issuance.