NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 17. Net Income per Share 18. Dividends per Share 19. Segmented Information 20. Related Party Transactions a. ATCO Group and Spruce Meadows The Company operates in one business and geographic segment that provides contract drilling services,  primarily to the oil and gas industry and in some circumstances to the mining industry. All related party transactions were made in the normal course of business with regular payment terms and  have been recorded at the amounts agreed upon with the related parties. The Company is related to the ATCO Group of companies and to Spruce Meadows through its majority  shareholder (see Note 13). The accompanying table summarizes transactions and period balances with those  affiliates. The following table provides a history of dividends over the past two years: Year Ended December 31 2013 December 31 2012 Net income  ($Thousands)  $ 26,515   $ 28,755  Weighted average outstanding shares 17,969,415 17,988,552 Incremental shares for diluted earnings per share calculation 86,567 2,439 Weighted average outstanding shares for diluted earnings per share 18,055,982 17,990,991 Basic earnings per share ($)  $ 1.48  $ 1.60  Diluted earnings per share ($)  $ 1.47   $ 1.60  Declaration Date Payment Date Per Share ($) Total  ($000’s) March, 2012 April, 2012 0.07 1,261 May, 2012 July, 2012 0.07 1,263 August, 2012 October, 2012 0.07 1,255 November, 2012 January, 2013 0.07 1,255 March, 2013 April, 2013 0.08 1,439 May, 2013 July, 2013 0.08 1,437 August, 2013 September, 2013 0.08 1,435 November, 2013 January, 2014 0.08 1,439 57 AKITA DRILLING LTD.  ANNUAL REPORT