Earnings Per Share

3 Months Ended

Mar. 31, 2019

The following table presents the calculation of Pinnacle West’s basic and diluted earnings per share for the three months ended March 31, 2019 and 2018 (in thousands, except per share amounts):



	Three Months Ended March 31,
	2019		2018
Net income attributable to common shareholders	$	17,918	$	3,221
Weighted average common shares outstanding — basic	112,337		112,017
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units	398		476
Weighted average common shares outstanding — diluted	112,735		112,493
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders — basic	$	0.16	$	0.03
Net income attributable to common shareholders — diluted	$	0.16	$	0.03