Gulf Island Fabrication, Inc. Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2016

Earnings per Share:

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):



	Three Months Ended March 31,
	2016		2015
Basic and diluted:
Numerator:
Net Income	$	989	$	83
Less: Distributed and undistributed income (unvested restricted stock)	9		25
Net income attributable to common shareholders	$	980	$	58
Denominator:
Weighted-average shares⁽¹⁾	14,601		14,540
Basic and diluted earnings per share - common shareholders	$	0.07	$	—

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⁽¹⁾ We have no dilutive securities.