Quarterly report pursuant to Section 13 or 15(d)

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

9 Months Ended

Sep. 30, 2014

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES [Abstract]

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

6. NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

The following table (in thousands, except per share amounts) sets forth the computation of basic and diluted net income per share attributable to Trecora Resources for the three and nine months ended September 30, 2014, and 2013, respectively.

	Three Months Ended September 30, 2014						Three Months Ended September 30, 2013
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	5,774		24,175	$	0.24	$	5,221		24,116	$	0.22

Dilutive stock options outstanding				705						666

Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	5,774		24,880	$	0.23	$	5,221		24,782	$	0.21

	Nine Months Ended September 30, 2014						Nine Months Ended September 30, 2013
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	13,373		24,163	$	0.55	$	16,315		24,110	$	0.68

Dilutive stock options outstanding				707						587

Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	13,373		24,870	$	0.54	$	16,315		24,697	$	0.66

At September 30, 2014, and 2013, 1,560,540 and 1,233,860 potential common stock shares were issuable upon the exercise of options. In addition, at September 30, 2014, 100,000 potential common stock shares were issuable upon the exercise of warrants.

The earnings per share calculations for the periods ended September 30, 2014, and 2013, include 300,000 shares of the Company that are held in the treasury of TOCCO.