Earnings Per Share of Common Stock

9 Months Ended

Sep. 30, 2023

The computations of basic and diluted earnings per share of common stock are noted in the tables below. Basic earnings per share of common stock is computed by dividing the net income 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.


	Three Months Ended September 30
	2023		2022
	(In thousands, except per share data)
Net income	$	34,325	$	55,683
Net loss attributable to noncontrolling interests	$	(113)	$	(189)
Net income attributable to California Water Service Group	$	34,438	$	55,872
Weighted average common shares outstanding, basic	57,704		54,007
Weighted average common shares outstanding, dilutive	57,740		54,042
Earnings per share of common stock - basic	$	0.60	$	1.03
Earnings per share of common stock - diluted	$	0.60	$	1.03


	Nine Months Ended September 30
	2023		2022
	(In thousands, except per share data)
Net income	$	21,438	$	75,792
Net loss attributable to noncontrolling interests	$	(345)	$	(650)
Net income attributable to California Water Service Group	$	21,783	$	76,442
Weighted average common shares outstanding, basic	56,695		54,063
Weighted average common shares outstanding, dilutive	56,731		54,104
Earnings per share of common stock - basic	$	0.38	$	1.41
Earnings per share of common stock - diluted	$	0.38	$	1.41