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

Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share

Income (Loss) Per Share

9 Months Ended

Dec. 31, 2023

NOTE 7 – INCOME PER SHARE:

Basic income per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted income per share is calculated by dividing net income by the weighted average number of common shares outstanding and, when applicable, potential common shares outstanding during the period. A reconciliation of the numerators and denominators of basic and diluted income per share is presented below:


	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2023		2022		2023		2022
Basic income per share
Numerator:
Net income	$	165	$	368	$	3,216	$	848
Denominator:
Weighted average common shares outstanding		10,775		10,611		10,709		10,613
	$	0.02	$	0.03	$	0.30	$	0.08

Diluted income per share
Numerator:
Net income	$	165	$	368	$	3,216	$	848
Denominator:
Weighted average common shares outstanding		10,775		10,611		10,709		10,613
Restricted stock units outstanding		145		49		83		19
Weighted average common and potential common shares outstanding		10,920		10,660		10,792		10,632
Diluted income per share	$	0.02	$	0.03	$	0.30	$	0.08