Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of earnings per weighted average common share outstanding

The following table presents the calculation of Pinnacle West’s basic and diluted earnings per share for the three months ended March 31, 2018 and 2017 (in thousands, except per share amounts):



	Three Months Ended March 31,
	2018		2017
Net income attributable to common shareholders	$	3,221	$	23,312
Weighted average common shares outstanding — basic	112,017		111,728
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units	476		467
Weighted average common shares outstanding — diluted	112,493		112,195
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders — basic	$	0.03	$	0.21
Net income attributable to common shareholders — diluted	$	0.03	$	0.21