Quarterly report pursuant to Section 13 or 15(d)

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES

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NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES
6 Months Ended
Jun. 30, 2016
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES [Abstract]  
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES
9. 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 six months ended June 30, 2016, and 2015, respectively.

   
Three Months Ended
June 30, 2016 (restated)
   
Three Months Ended
June 30, 2015
 
               
Per Share
               
Per Share
 
   
Income
   
Shares
   
Amount
   
Income
   
Shares
   
Amount
 
Basic Net Income per Share:
                                   
Net Income Attributable to Trecora Resources
 
$
10,252
     
24,204
   
$
0.42
   
$
6,374
     
24,354
   
$
0.26
 
                                                 
Unvested restricted stock grant
           
304
                     
148
         
Dilutive stock options outstanding
           
377
                     
653
         
                                                 
Diluted Net Income per Share:
                                               
Net Income Attributable to Trecora Resources
 
$
10,252
     
24,885
   
$
0.41
   
$
6,374
     
25,155
   
$
0.25
 
 
   
Six Months Ended
June 30, 2016 (restated)
   
Six Months Ended
June 30, 2015
 
               
Per Share
               
Per Share
 
   
Income
   
Shares
   
Amount
   
Income
   
Shares
   
Amount
 
Basic Net Income per Share:
                                   
Net Income Attributable to Trecora Resources
 
$
17,476
     
24,344
   
$
0.72
   
$
12,158
     
24,331
   
$
0.50
 
                                                 
Unvested restricted stock grant
           
293
                     
133
         
Dilutive stock options outstanding
           
348
                     
686
         
                                                 
Diluted Net Income per Share:
                                               
Net Income Attributable to Trecora Resources
 
$
17,476
     
24,985
   
$
0.70
   
$
12,158
     
25,150
   
$
0.48
 

At June 30, 2016, and 2015, 1,368,437 and 1,497,771 potential common stock shares, respectively were issuable upon the exercise of options and warrants.

The earnings per share calculations for the periods ended June 30, 2016, and 2015, include 300,000 shares of the Company that are held in the treasury.  In June 2016 these 300,000 shares previously owned by TOCCO were transferred up to the Company at cost to be held in treasury for future issuances.