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

Income Per Share (Tables)

9 Months Ended

Dec. 31, 2015

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,
	2015		2014		2015		2014
Basic income per share
Numerator:
Net income	$	1,274	$	3,992	$	5,611	$	10,570

Denominator:
Weighted average common shares outstanding		9,922		10,127		10,051		10,119


Basic income per share	$	.13	$	.39	$	.56	$	1.04


Diluted income per share
Numerator:
Net income	$	1,274	$	3,992	$	5,611	$	10,570

Denominator:
Weighted average common shares outstanding		9,922		10,127		10,051		10,119
Stock options outstanding		5		22		8		23

Weighted average common and potential common shares outstanding		9,927		10,149		10,059		10,142


Diluted income per share	$	.13	$	.39	$	.56	$	1.04