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

Income Per Share (Tables)

9 Months Ended

Dec. 31, 2013

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


	Three Months Ended December 31,					Nine Months Ended December 31,
		2013		2012			2013		2012
Basic income per share

Numerator:
Net income			$1,431		$3,047			$7,828		$7,052

Denominator:
Weighted common shares outstanding			10,070		9,991			10,045		9,980
Share equivalent units (“SEUs”)			-		43			18		43
Weighted average common shares and SEUs			10,070		10,034			10,063		10,023

Basic income per share			$.14		$.30			$.78		$.70

Diluted income per share

Numerator:
Net income			$ 1,431		$3,047			$7,828		$7,052

Denominator:
Weighted average shares and SEUs outstanding			10,070		10,034			10,063		10,023
Stock options outstanding			37		23			36		23
Weighted average common and potential common shares outstanding			10,107		10,057			10,099		10,046

Diluted income per share			$.14		$.30			$.78		$.70