Earnings (Loss) Per Share of Common Stock

6 Months Ended

Jun. 30, 2023

Earnings (Loss) Per Share of Common Stock

The computations of basic and diluted earnings (loss) per share of common stock are noted in the tables below. Basic earnings (loss) per share of common stock is computed by dividing the net income (loss) attributable to California Water Service Group by the weighted average number of common shares outstanding during the period. RSAs are included in the weighted average common shares outstanding because the shares have all the same voting and dividend rights as issued and unrestricted common stock. Certain outstanding equity instruments are not included in the diluted earnings (loss) per share calculation because their inclusion would have been anti-dilutive.


	Three Months Ended June 30
	2023		2022
	(In thousands, except per share data)
Net income	$	9,447	$	19,215
Net loss attributable to noncontrolling interests	$	(109)	$	(269)
Net income attributable to California Water Service Group	$	9,556	$	19,484
Weighted average common shares outstanding, basic	56,692		54,007
Weighted average common shares outstanding, dilutive	56,730		54,042
Earnings per share of common stock - basic	$	0.17	$	0.36
Earnings per share of common stock - diluted	$	0.17	$	0.36


	Six Months Ended June 30
	2023		2022
	(In thousands, except per share data)
Net (loss) income	$	(12,887)	$	20,109
Net loss attributable to noncontrolling interests	$	(232)	$	(461)
Net (loss) income attributable to California Water Service Group	$	(12,655)	$	20,570
Weighted average common shares outstanding, basic	56,182		53,870
Weighted average common shares outstanding, dilutive	56,182		53,918
(Loss) earnings per share of common stock - basic	$	(0.23)	$	0.38
(Loss) earnings per share of common stock - diluted	$	(0.23)	$	0.38