Earnings Per Share

3 Months Ended

Mar. 31, 2017

Note 3 – Earnings Per Share

	Three Months Ended March 31,
	2017		2016
Numerator:
Income from continuing operations	$	3,350	$	2,702
Loss from discontinued operations		-		(23)
Net income	$	3,350	$	2,679

Denominator:
Basic weighted average common shares outstanding		10,518,062		10,506,877
Dilutive effect of restricted stock awards		1,151		654
Diluted weighted average common shares outstanding		10,519,213		10,507,531

Basic & diluted earnings per share of common stock:
Continuing operations	$	0.32	$	0.26
Discontinued operations		-		-
Net income	$	0.32	$	0.26

We compute basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. There were no shares that would have been anti-dilutive and therefore excluded in the calculation of diluted earnings per share for the three months ended March 31, 2017 and 2016. Unvested restricted stock awards are treated as participating securities because they participate equally in dividends and earnings with other common shares.

Gas Natural Inc. 10-Q