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

Income Per Share (Tables)

3 Months Ended

Jun. 30, 2014

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


	Three Months Ended June 30,
	2014		2013
Basic income per share

Numerator:
Net income		$ 2,392		$ 3,808


Denominator:
Weighted common shares outstanding		10,105		10,014
Share equivalent units (“SEUs”) outstanding		-		43

Weighted average common shares and SEUs outstanding		10,105		10,057


Basic income per share		$0.24		$0.38


Diluted income per share

Numerator:
Net income		$ 2,392		$ 3,808


Denominator:
Weighted average common shares and SEUs outstanding		10,105		10,057
Stock options outstanding		22		29

Weighted average common and potential common shares outstanding		10,127		10,086


Diluted income per share		$0.24		$0.38