Earnings Per Common Share Attributable To Avista Corporation

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share Attributable To Avista Corporation

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO AVISTA CORPORATION SHAREHOLDERS

The following table presents the computation of basic and diluted earnings per common share attributable to Avista Corp. shareholders for the years ended December 31 (in thousands, except per share amounts):

	2014		2013			2012
Numerator:
Net income from continuing operations attributable to Avista Corp. shareholders	$	119,817	$	104,273		$	76,719
Net income from discontinued operations attributable to Avista Corp. shareholders	72,224		6,804			1,491
Subsidiary earnings adjustment for dilutive securities (discontinued operations)	5		(229		)	(38		)
Adjusted net income from discontinued operations attributable to Avista Corp. shareholders for computation of diluted earnings per common share	$	72,229	$	6,575		$	1,453
Denominator:
Weighted-average number of common shares outstanding-basic	61,632		59,960			59,028
Effect of dilutive securities:
Performance and restricted stock awards	255		37			162
Stock options	—		—			11
Weighted-average number of common shares outstanding-diluted	61,887		59,997			59,201
Earnings per common share attributable to Avista Corp. shareholders, basic:
Earnings per common share from continuing operations	$	1.94	$	1.74		$	1.30
Earnings per common share from discontinued operations	$	1.18	$	0.11		$	0.02
Total earnings per common share attributable to Avista Corp. shareholders, basic	$	3.12	$	1.85		$	1.32
Earnings per common share attributable to Avista Corp. shareholders, diluted:
Earnings per common share from continuing operations	$	1.93	$	1.74		$	1.30
Earnings per common share from discontinued operations	$	1.17	$	0.11		$	0.02
Total earnings per common share attributable to Avista Corp. shareholders, diluted	$	3.10	$	1.85		$	1.32

There were no shares excluded from the calculation because they were antidilutive. All stock options had exercise prices which were less than the average market price of Avista Corp. common stock during the respective period.