Earnings Per Share

3 Months Ended

Mar. 31, 2017

The following table presents the calculation of Pinnacle West’s basic and diluted earnings per share for the three months ended March 31, 2017 and 2016 (in thousands, except per share amounts):



	Three Months Ended March 31,
	2017		2016
Net income attributable to common shareholders	$	23,312	$	4,453
Weighted average common shares outstanding — basic	111,728		111,296
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units	467		551
Weighted average common shares outstanding — diluted	112,195		111,847
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders — basic	$	0.21	$	0.04
Net income attributable to common shareholders — diluted	$	0.21	$	0.04