Gulfport Energy Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2013

EARNINGS PER SHARE

Reconciliations of the components of basic and diluted net income per common share for the three and nine months ended September 30, 2013 and 2012 are presented in the tables below:



	Three Months Ended September 30,
	2013					2012
	Income		Shares	Per Share		Income		Shares	Per Share
	(In thousands, except share data)
Basic:
Net income	$	40,527	77,554,386	$	0.52	$	502	55,692,664	$	0.01
Effect of dilutive securities:
Stock options and awards	—		377,352			—		599,128
Diluted:
Net income	$	40,527	77,931,738	$	0.52	$	502	56,291,792	$	0.01



	Nine Months Ended September 30,
	2013					2012
	Income		Shares	Per Share		Income		Shares	Per Share
	(In thousands, except share data)
Basic:
Net income	$	128,914	75,955,040	$	1.70	$	52,488	55,658,507	$	0.94
Effect of dilutive securities:
Stock options and awards	—		419,067			—		516,074
Diluted:
Net income	$	128,914	76,374,107	$	1.69	$	52,488	56,174,581	$	0.93

There were no potential shares of common stock that were considered anti-dilutive for the three and nine months ended September 30, 2013 and 2012.

- Definition

The entire disclosure for earnings per share.

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