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

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2013

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


	2013		2012			2011
Basic:
Numerator:
Net Income (loss)	$	7,232	$	(4,091	)	$	(1,804	)
Less: Distributed loss / distributed and undistributed income (unvested restricted stock)		75		46			39

Net income (loss) attributable to common shareholders	$	7,157	$	(4,137	)	$	(1,843	)

Denominator:
Denominator for basic earnings per share-weighted-average shares		14,463		14,400			14,351

Basic earnings per share—common shareholders	$	0.50	$	(0.29	)	$	(0.13	)

Diluted:
Numerator:
Net income	$	7,232	$	(4,091	)	$	(1,804	)
Less: Distributed loss / distributed and undistributed income (unvested restricted stock)		75		46			39

Net income attributable to common shareholders	$	7,157	$	(4,137	)	$	(1,843	)

Denominator:
Denominator for basic earnings per share-weighted-average shares		14,463		14,400			14,351
Effect of dilutive securities:
Employee stock options		6		—			—

Denominator for dilutive earnings per share-weighted-average shares		14,469		14,400			14,351

Diluted earnings per share—common shareholders	$	0.50	$	(0.29	)	$	(0.13	)