EARNINGS PER COMMON SHARE ATTRIBUTABLE TO AVISTA CORPORATION

9 Months Ended

Sep. 30, 2012

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO AVISTA CORPORATION

NOTE 10. EARNINGS PER COMMON SHARE ATTRIBUTABLE TO AVISTA CORPORATION

The following table presents the computation of basic and diluted earnings per common share attributable to Avista Corporation for the three and nine months ended September 30 (in thousands, except per share amounts):

	Three months ended						Nine months ended
	September 30,						September 30,
	2012			2011			2012			2011
Numerator:
Net income attributable to Avista Corporation	$	5,786		$	10,702		$	62,352		$	75,621
Noncontrolling earnings adjustment for dilutive securities		(16	)		(170	)		(25	)		(340	)
Adjusted net income attributable to Avista Corporation for computation of diluted earnings per common share	$	5,770		$	10,532		$	62,327		$	75,281
Denominator:
Weighted-average number of common shares outstanding-basic		59,047			58,057			58,778			57,731
Effect of dilutive securities:
Performance and restricted stock awards		71			131			234			149
Stock options		5			44			14			54
Weighted-average number of common shares outstanding-diluted		59,123			58,232			59,026			57,934
Earnings per common share attributable to Avista Corporation:
Basic	$	0.10		$	0.18		$	1.06		$	1.31
Diluted	$	0.10		$	0.18		$	1.06		$	1.30