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

Income Per Share (Tables)

9 Months Ended

Dec. 31, 2012

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,
	2012		2011		2012		2011
Basic income per share

Numerator:
Net income	$	3,047	$	1,640	$	7,052	$	10,124


Denominator:
Weighted common shares outstanding		9,991		9,913		9,980		9,902
Share equivalent units (“SEUs”)		43		42		43		52

Weighted average common shares and SEUs		10,034		9,955		10,023		9,954


Basic income per share	$	.30	$	.16	$	.70	$	1.02


Diluted income per share

Numerator:
Net income	$	3,047	$	1,640	$	7,052	$	10,124


Denominator:
Weighted average shares and SEUs outstanding		10,034		9,955		10,023		9,954
Stock options outstanding		23		35		23		36
Contingently issuable SEUs		—		1		—		1

Weighted average common and potential common shares outstanding		10,057		9,991		10,046		9,991


Diluted income per share	$	.30	$	.16	$	.70	$	1.01