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

Income Per Share (Tables)

6 Months Ended

Sep. 30, 2014

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,
	2014		2013		2014		2013
Basic income per share
Numerator:
Net income	$	4,186	$	2,589	$	6,578	$	6,397

Denominator:
Weighted common shares outstanding		10,126		10,051		10,116		10,033
Share equivalent units (“SEUs”) outstanding		-		11		-		27

Weighted average common shares and SEUs outstanding		10,126		10,062		10,116	$	10,060


Basic income per share	$	.41	$	.26	$	.65	$	.64


Diluted income per share
Numerator:
Net income	$	4,186	$	2,589	$	6,578	$	6,397

Denominator:
Weighted average shares and SEUs outstanding		10,126		10,062		10,116		10,060
Stock options outstanding		22		42		22		35

Weighted average common and potential common shares outstanding		10,148		10,104		10,138		10,095


Diluted income per share	$	.41	$	.26	$	.65	$	.63