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

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2015

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


	Three Months Ended
	Mar 31, 2015		Mar 31, 2014
Basic:

Numerator:
Net Income	$	83	$	3,535

Less: Distributed and undistributed income (unvested restricted stock)		25		38

Net income attributable to common shareholders	$	58	$	3,497


Denominator:

Denominator for basic earnings per share-weighted-average shares		14,540		14,496


Basic earnings per share - common shareholders	$	0.00	$	0.24


Diluted:

Numerator:
Net Income	$	83	$	3,535

Less: Distributed and undistributed income (unvested restricted stock)		25		38


Net income attributable to common shareholders	$	58	$	3,497


Denominator:

Denominator for basic earnings per share-weighted-average shares		14,540		14,496
Effect of dilutive securities:
Employee stock options		—		—


Denominator for dilutive earnings per share-weighted-average shares		14,540		14,496


Diluted earnings per share - common shareholders	$	0.00	$	0.24