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

Income Per Share (Tables)

3 Months Ended

Jun. 30, 2016

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

	Three Months Ended June 30,
	2016		2015
Basic income per share
Numerator:
Net income	$	85	$	2,361
Denominator:
Weighted average common shares outstanding		9,675		10,148
Basic income per share	$	.01	$	.23
Diluted income per share
Numerator:
Net income	$	85	$	2,361
Denominator:
Weighted average common shares outstanding		9,675		10,148
Stock options outstanding		5		13
Weighted average common and potential common shares outstanding		9,680		10,161
Diluted income per share	$	.01	$	.23