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

Income Per Share (Tables)

6 Months Ended

Sep. 30, 2013

A reconciliation of the numerators and denominators of basic and diluted income per share is presented below:


	Three Months Ended September 30,					Six Months Ended September 30,
		2013		2012			2013		2012
Basic income per share

Numerator:
Net income		$	2,589	$	2,615		$	6,397	$	4,005


Denominator:
Weighted common shares outstanding			10,051		9,988			10,033		9,975
Share equivalent units (“SEUs”)			11		43			27		42

Weighted average common shares and SEUs			10,062		10,031			10,060		10,017


Basic income per share			$.26		$.26			$.64		$.40


Diluted income per share

Numerator:
Net income		$	2,589	$	2,615		$	6,397	$	4,005


Denominator:
Weighted average shares and SEUs outstanding			10,062		10,031			10,060		10,017
Stock options outstanding			42		23			35		24

Weighted average common and potential common shares outstanding			10,104		10,054			10,095		10,041


Diluted income per share			$.26		$.26			$.63		$.40