Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]

The contract acquisition price and the fair value of consideration transferred for AERC as of July 1, 2014 were as follows (in thousands):



	July 1, 2014
Contract acquisition price (using $32.46 per share stock price)
Gross contract price	$	170,000
Acquired cash	19,704
Acquired debt (excluding capital lease obligation)	(38,832		)
Other closing adjustments	(104		)
Total adjusted contract price	$	150,768

Fair value of consideration transferred
Avista Corp. common stock (4,500,014 shares at $33.35 per share)	$	150,075
Cash	4,697
Fair value of total consideration transferred	$	154,772

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary estimated fair value of assets acquired and liabilities assumed as of July 1, 2014 were as follows (in thousands):



	July 1, 2014
Assets acquired:
Current Assets:
Cash	$	19,704
Accounts receivable-less allowance of $77	3,851
Materials and supplies	2,017
Other current assets	999
Total current assets	26,571
Utility Property:
Utility plant in service	113,964
Utility property under long-term capital lease	71,007
Construction work in progress	3,440
Total utility property	188,411
Other Non-current Assets:
Non-utility property	6,660
Electric plant held for future use	3,711
Goodwill	50,629
Other deferred charges and non-current assets	5,368
Total other non-current assets	66,368
Total assets	$	281,350



	July 1, 2014
Liabilities Assumed:
Current Liabilities:
Accounts payable	$	700
Current portion of long-term debt and capital lease obligations	3,773
Other current liabilities	2,901
Total current liabilities	7,374
Long-term debt	37,227
Capital lease obligations	68,840
Other non-current liabilities and deferred credits	13,137
Total liabilities	$	126,578

Total identifiable net assets acquired	$	154,772

Business Acquisition, Pro Forma Information [Table Text Block]

The following table summarizes the supplemental pro forma revenue, net income and earnings per share information for the three and six months ended June 30 related to the acquisition of AERC as if the acquisition had occurred on January 1, 2013 (in thousands):



	Three months ended June 30,				Six months ended June 30,
	2014		2013		2014		2013
Actual Avista Corp. revenues from continuing operations	$	312,580	$	307,488	$	759,158	$	747,987
Actual Avista Corp. revenues from discontinued operations	43,150		44,560		87,534		86,967
Supplemental pro forma AERC revenues (1)	11,782		10,651		24,546		23,303
Total supplemental pro forma revenues	367,512		362,699		871,238		858,257

Actual Avista Corp. net income from continuing operations attributable to Avista Corp. shareholders	31,254		24,212		78,730		65,432
Actual Avista Corp. net income from discontinued operations attributable to Avista Corp. shareholders	69,617		1,445		70,640		2,566
Acquisition costs removed from Avista Corp.'s net income (2)	219		—		672		—
Supplemental pro forma AERC net income (1) (5)	2,371		1,810		5,627		7,435
Total supplemental pro forma net income	$	103,461	$	27,467	$	155,669	$	75,433
Pro forma weighted-average common shares outstanding (thousands), basic (3)	64,684		64,437		64,653		64,426
Pro forma weighted-average common shares outstanding (thousands), diluted (3)	64,963		64,462		64,816		64,454
Pro forma earnings per common share attributable to Avista Corp. shareholders
Total pro forma earnings per common share attributable to Avista Corp. shareholders, basic	$	1.60	$	0.43	$	2.41	$	1.17
Total pro forma earnings per common share attributable to Avista Corp. shareholders, diluted (4)	$	1.59	$	0.43	$	2.40	$	1.17