Gulfport Energy Corporation Current report filing

Earnings Per Share

3 Months Ended

12 Months Ended

Mar. 31, 2013

Dec. 31, 2012

EARNINGS PER SHARE

A reconciliation of the components of basic and diluted net income per common share is presented in the table below:



	Three Months Ended March 31,
	2013					2012
	Income		Shares	Per Share		Income		Shares	Per Share
	(In thousands, except share data)
Basic:
Net income	$	44,559	72,830,215	$	0.61	$	26,869	55,626,208	$	0.48
Effect of dilutive securities:
Stock options and awards	—		504,633			—		621,401
Diluted:
Net income	$	44,559	73,334,848	$	0.61	$	26,869	56,247,609	$	0.48

There were no potential shares of common stock that were considered anti-dilutive for the three months ended March 31, 2013 and 2012.

EARNINGS PER SHARE

A reconciliation of the components of basic and diluted net income per common share is presented in the table below:



	2012					2011					2010
	Income		Shares	Per Share		Income		Shares	Per Share		Income		Shares	Per Share
Basic:
Net income	$	68,371,000	55,933,354	$	1.22	$	108,422,000	48,754,840	$	2.22	$	47,363,000	43,863,190	$	1.08
Effect of dilutive securities:
Stock options and awards	—		484,134			—		452,123			—		392,902
Diluted:
Net income	$	68,371,000	56,417,488	$	1.21	$	108,422,000	49,206,963	$	2.20	$	47,363,000	44,256,092	$	1.07

There were no potential shares of common stock that were considered anti-dilutive for the years ended December 31, 2012, 2011 and 2010.

The entire disclosure for earnings per share.