Computations of basic and diluted earnings per common share of SEACOR were as follows (in thousands, except share data):



	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	Net Income Attributable to SEACOR		Average O/S Shares	Per Share		Net Income Attributable to SEACOR			Average O/S Shares	Per Share
						(As Restated)				(As Restated)
2013
Basic Weighted Average Common Shares Outstanding	$	19,271	19,825,229	$	0.97	$	(1,717	)	19,782,318	$	(0.09	)
Effect of Dilutive Share Awards:
Options and Restricted Stock⁽¹⁾	—		366,558			—			332,586
Convertible Notes⁽²⁾	3,044		4,200,525			—			—
Diluted Weighted Average Common Shares Outstanding	$	22,315	24,392,312	$	0.91	$	(1,717	)	20,114,904	$	(0.09	)

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	Net Income Attributable to SEACOR		Average O/S Shares	Per Share		Net Income Attributable to SEACOR			Average O/S Shares	Per Share
2012
Basic Weighted Average Common Shares Outstanding	$	11,249	20,584,567	$	0.55	$	47,737		20,552,114	$	2.32
Effect of Dilutive Share Awards:
Options and Restricted Stock⁽¹⁾	—		286,813			—			331,456
Diluted Weighted Average Common Shares Outstanding	$	11,249	20,871,380	$	0.54	$	47,737		20,883,570	$	2.29

______________________

(1)

For the three months ended June 30, 2013 and 2012, diluted earnings per common share of SEACOR excluded 355,490 and 593,344 of certain share awards, respectively, as the effect of their inclusion in the computation would be anti-dilutive. For the six months ended June 30, 2013 and 2012, diluted earnings per share of SEACOR excluded 503,726 and 531,101 of certain share awards, respectively, as the effect of their inclusion in the computation would be anti-dilutive.


(2)	For the six months ended June 30, 2013, diluted earnings per common share of SEACOR excluded 4,200,525 common shares issuable pursuant to the Company's 2.5% Convertible Senior Notes as the effect of their inclusion in the computation would be anti-dilutive.