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

Income Per Share (Tables)

3 Months Ended

Jun. 30, 2012

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


	Three Months Ended June 30,
	2012		2011
Basic income per share
Numerator:
Net income	$	1,390	$	3,016

Denominator:
Weighted common shares outstanding		9,960		9,879
Share equivalent units (“SEUs”)		42		60

Weighted average common shares and SEUs		10,002		9,939

Basic income per share	$	.14	$	.30

Diluted income per share
Numerator:
Net income	$	1,390	$	3,016

Denominator:
Weighted average shares and SEUs outstanding		10,002		9,939
Stock options outstanding		26		42

Weighted average common and potential common shares outstanding		10,028		9,981

Diluted income per share	$	.14	$	.30