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

3 Months Ended

Mar. 31, 2016

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

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

7. 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 months ended March 31, 2016, and 2015, respectively.

	Three Months Ended March 31, 2016						Three Months Ended March 31, 2015
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	7,224		24,484	$	0.30	$	5,784		24,309	$	0.24

Unvested restricted stock grant				282						118
Dilutive stock options outstanding				319						717

Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	7,224		25,085	$	0.29	$	5,784		25,144	$	0.23

At March 31, 2016, and 2015, 1,368,437 and 1,527,091 potential common stock shares, respectively were issuable upon the exercise of options and warrants.

The earnings per share calculations for the periods ended March 31, 2016, and 2015, included 300,000 shares of the Company that are held in the treasury of TOCCO.