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

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

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


	March 31, 2014		March 31, 2013
Basic:
Numerator:
Net income	$	3,535	$	2,787
Less: Distributed loss/distributed and undistributed income (unvested restricted stock)		38		24

Net income attributable to common shareholders	$	3,497	$	2,763


Denominator:
Denominator for basic earnings per share-weighted-average shares		14,496		14,455

Basic earnings per share - common shareholders	$	0.24	$	0.19


Diluted:
Numerator:
Net Income	$	3,535	$	2,787
Less: Distributed loss/distributed and undistributed income (unvested restricted stock)		38		24

Net income attributable to common shareholders	$	3,497	$	2,763


Denominator:
Denominator for basic earnings per share-weighted-average shares		14,496		14,455
Effect of dilutive securities:
Employee stock options		—		6

Denominator for dilutive earnings per share-weighted-average shares		14,496		14,461

Diluted earnings per share - common shareholders	$	0.24	$	0.19