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

Income Per Share (Tables)

9 Months Ended

Dec. 31, 2014

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,
	2014		2013		2014		2013
Basic income per share

Numerator:
Net income	$	3,992	$	1,431	$	10,570	$	7,828


Denominator:
Weighted common shares outstanding		10,127		10,070		10,119		10,045
Share equivalent units (“SEUs”) outstanding		—		—		—		18

Weighted average common shares and SEUs outstanding		10,127		10,070		10,119	$	10,063


Basic income per share	$	.39	$	.14	$	1.04	$	.78


Diluted income per share

Numerator:
Net income	$	3,992	$	1,431	$	10,570	$	7,828


Denominator:
Weighted average shares and SEUs outstanding		10,127		10,070		10,119		10,063
Stock options outstanding		22		37		23		36

Weighted average common and potential common shares outstanding		10,149		10,107		10,142		10,099


Diluted income per share	$	.39	$	.14	$	1.04	$	.78