

	Three Months Ended
	March 31			June 30			September 30			December 31
2018
Operating revenues	$	409,361		$	319,298		$	296,013		$	372,221
Operating expenses	315,155			266,019			259,569			295,037
Income from operations	$	94,206		$	53,279		$	36,444		$	77,184
Net income	54,956			25,644			10,129			45,869
Net income attributable to noncontrolling interests	(66		)	(67		)	(10		)	(26		)
Net income attributable to Avista Corporation shareholders	$	54,890		$	25,577		$	10,119		$	45,843
Outstanding common stock:
weighted-average, basic	65,639			65,677			65,688			65,688
weighted-average, diluted	65,931			65,983			66,026			65,846
Earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.83		$	0.39		$	0.15		$	0.70



	Three Months Ended
	March 31			June 30		September 30			December 31
2017
Operating revenues	$	436,470		$	314,501	$	297,096		$	397,862
Operating expenses (1)	319,043			256,555		264,197			313,955
Income from operations (1)	$	117,427		$	57,946	$	32,899		$	83,907
Net income	62,137			21,722		4,458			27,615
Net loss (income) attributable to noncontrolling interests	(21		)	49		(7		)	(37		)
Net income attributable to Avista Corporation shareholders	$	62,116		$	21,771	$	4,451		$	27,578
Outstanding common stock:
weighted-average, basic	64,362			64,401		64,412			64,809
weighted-average, diluted	64,469			64,553		64,892			65,308
Earnings per common share attributable to Avista Corp. shareholders, diluted	$	0.96		$	0.34	$	0.07		$	0.42

(1)

Effective January 1, 2018, the Company adopted ASU No. 2017-07, which resulted in the reclassification of the non-service cost component of pension and other postretirement benefit costs from utility other operating expenses to other expense (income) - net on the Consolidated Statements of Income. There was no impact on net income. The Company reclassified $2.0 million, $1.8 million, $1.9 million and $2.0 million for the first through fourth quarters of 2017, respectively. See Note 2 for further discussion of the adoption of ASU No. 2017-07.