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, 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 nine months ended September 30, 2016, and 2015, respectively.

	Three Months Ended September 30, 2016 (restated)						Three Months Ended September 30, 2015
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	2,799		24,223	$	0.12	$	5,318		24,369	$	0.22

Unvested restricted stock grant				304						148
Dilutive stock options outstanding				394						711

Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	2,799		24,921	$	0.11	$	5,318		25,228	$	0.21

	Nine Months Ended September 30, 2016 (restated)						Nine Months Ended September 30, 2015
					Per Share						Per Share
	Income		Shares		Amount		Income		Shares		Amount
Basic Net Income per Share:
Net Income Attributable to Trecora Resources	$	20,275		24,304	$	0.83	$	17,476		24,344	$	0.72

Unvested restricted stock grant				297						138
Dilutive stock options outstanding				363						694

Diluted Net Income per Share:
Net Income Attributable to Trecora Resources	$	20,275		24,964	$	0.81	$	17,476		25,176	$	0.69

At September 30, 2016, and 2015, 1,348,437 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 September 30, 2016, and 2015, include 284,011 and 300,000 shares of the Company, respectively 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.