Earnings Per Common Share Attributable To Avista Corporation

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share Attributable To Avista Corporation Shareholders

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO AVISTA CORP. SHAREHOLDERS

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

	2015		2014
Numerator:
Net income from continuing operations attributable to Avista Corp. shareholders	$	46,449	$	47,476
Net income from discontinued operations attributable to Avista Corp. shareholders	—		1,023
Subsidiary earnings adjustment for dilutive securities (discontinued operations)	—		(53		)
Adjusted net income from discontinued operations attributable to Avista Corp. shareholders for computation of diluted earnings per common share	$	—	$	970
Denominator:
Weighted-average number of common shares outstanding-basic	62,318		60,122
Effect of dilutive securities:
Performance and restricted stock awards	571		46
Weighted-average number of common shares outstanding-diluted	62,889		60,168
Earnings per common share attributable to Avista Corp. shareholders, basic:
Earnings per common share from continuing operations	$	0.75	$	0.79
Earnings per common share from discontinued operations	$	—	$	0.02
Total earnings per common share attributable to Avista Corp. shareholders, basic	$	0.75	$	0.81
Earnings per common share attributable to Avista Corp. shareholders, diluted:
Earnings per common share from continuing operations	$	0.74	$	0.79
Earnings per common share from discontinued operations	$	—	$	0.02
Total earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.74	$	0.81

There were no shares excluded from the calculation because they were antidilutive.