Gulf Island Fabrication, Inc. Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2014

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


	2014		2013		2012
Basic:
Numerator:
Net Income (loss)	$	15,320	$	7,232	$	(4,091	)
Less: Distributed loss / distributed and undistributed income (unvested restricted stock)		104		75		46

Net income (loss) attributable to common shareholders	$	15,216	$	7,157	$	(4,137	)

Denominator:
Denominator for basic earnings per share-weighted-average shares		14,505		14,463		14,400

Basic earnings per share—common shareholders	$	1.05	$	0.50	$	(0.29	)

Diluted:
Numerator:
Net income	$	15,320	$	7,232	$	(4,091	)
Less: Distributed loss / distributed and undistributed income (unvested restricted stock)		104		75		46

Net income attributable to common shareholders	$	15,216	$	7,157	$	(4,137	)

Denominator:
Denominator for basic earnings per share-weighted-average shares		14,505		14,463		14,400
Effect of dilutive securities:
Employee stock options		—		6		—

Denominator for dilutive earnings per share-weighted-average shares		14,505		14,469		14,400

Diluted earnings per share—common shareholders	$	1.05	$	0.50	$	(0.29	)