Earnings Per Share

6 Months Ended

Jun. 30, 2020

The following table presents the calculation of Pinnacle West’s basic and diluted earnings per share (in thousands, except per share amounts):



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Net income attributable to common shareholders	$	193,585	$	144,145	$	223,578	$	162,063
Weighted average common shares outstanding — basic	112,638		112,337		112,616		112,381
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units	241		314		255		353
Weighted average common shares outstanding — diluted	112,879		112,651		112,871		112,734
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders — basic	$	1.72	$	1.28	$	1.99	$	1.44
Net income attributable to common shareholders — diluted	$	1.71	$	1.28	$	1.98	$	1.44