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, 2017

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

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

8. 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, 2017, and 2016, respectively.

	Three Months Ended March 31, 2017						Three Months Ended March 31, 2016
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	1,487		24,240	$	0.06	$	7,224		24,484	$	0.30

Unvested restricted stock grant				321						282
Dilutive stock options outstanding				493						319

Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	1,487		25,054	$	0.06	$	7,224		25,085	$	0.29

At March 31, 2017, and 2016, 1,344,087 and 1,368,437 potential common stock shares, respectively were issuable upon the exercise of options and warrants.

The earnings per share calculation for the period ended March 31, 2016, included 300,000 shares of the Company that were held in the treasury of TOCCO. These shares were transferred to the treasury of TREC in late 2016.