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
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES
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 September 30, 2018 and 2017, respectively.

 
 
Three Months Ended
September 30, 2018
 
Three Months Ended
September 30, 2017
 
 
Income (Loss)

 
Shares

 
Per Share
Amount

 
Income (Loss)

 
Shares

 
Per Share
Amount

Basic Net Income per Share:
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Attributable to Trecora Resources
 
$
(1,609
)
 
24,483

 
$
(0.07
)
 
$
1,718

 
24,304

 
$
0.07

Unvested restricted stock units
 
 
 
398

 
 
 
 
 
379

 
 
Dilutive stock options outstanding
 
 
 
294

 
 
 
 
 
474

 
 
Diluted Net Income per Share:
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (Loss) Attributable to Trecora Resources
 
$
(1,609
)
 
25,175

 
$
(0.06
)
 
$
1,718

 
25,157

 
$
0.07



 
 
Nine Months Ended
September 30, 2018
 
Nine Months Ended
September 30, 2017
 
 
Income

 
Shares

 
Per Share
Amount

 
Income

 
Shares

 
Per Share
Amount

Basic Net Income per Share:
 
 
 
 
 
 
 
 
 
 
 
 
Net Income Attributable to Trecora Resources
 
$
2,958

 
24,397

 
$
0.12

 
$
4,037

 
24,267

 
$
0.17

Unvested restricted stock units
 
 
 
383

 
 
 
 
 
360

 
 
Dilutive stock options outstanding
 
 
 
358

 
 
 
 
 
455

 
 
Diluted Net Income per Share:
 
 
 
 
 
 
 
 
 
 
 
 
Net Income Attributable to Trecora Resources
 
$
2,958

 
25,138

 
$
0.12

 
$
4,037

 
25,082

 
$
0.16



At September 30, 2018 and 2017, 873,708 and 1,334,087 shares of common stock, respectively, were issuable upon the exercise of options and warrants.

In first quarter 2018, we completed an exchange of shares with certain shareholders whereby such shareholders traded 65,000 common shares of TREC in exchange for 24,489 shares of our AMAK stock.  The 65,000 shares were accounted for as treasury stock.