Earnings Per Common Share Attributable To Avista Corporation

12 Months Ended

Dec. 31, 2016

Earnings Per Common Share Attributable To Avista Corporation

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO AVISTA CORPORATION SHAREHOLDERS

The following table presents the computation of basic and diluted earnings per common share attributable to Avista Corp. shareholders for the years ended December 31 (in thousands, except per share amounts):



	2016		2015		2014
Numerator:
Net income from continuing operations attributable to Avista Corp. shareholders	$	137,228	$	118,080	$	119,817
Net income from discontinued operations attributable to Avista Corp. shareholders	—		5,147		72,224
Subsidiary earnings adjustment for dilutive securities (discontinued operations)	—		—		5
Adjusted net income from discontinued operations attributable to Avista Corp. shareholders for computation of diluted earnings per common share	$	—	$	5,147	$	72,229
Denominator:
Weighted-average number of common shares outstanding-basic	63,508		62,301		61,632
Effect of dilutive securities:
Performance and restricted stock awards	412		407		255
Weighted-average number of common shares outstanding-diluted	63,920		62,708		61,887
Earnings per common share attributable to Avista Corp. shareholders, basic:
Earnings per common share from continuing operations	$	2.16	$	1.90	$	1.94
Earnings per common share from discontinued operations	$	—	$	0.08	$	1.18
Total earnings per common share attributable to Avista Corp. shareholders, basic	$	2.16	$	1.98	$	3.12
Earnings per common share attributable to Avista Corp. shareholders, diluted:
Earnings per common share from continuing operations	$	2.15	$	1.89	$	1.93
Earnings per common share from discontinued operations	$	—	$	0.08	$	1.17
Total earnings per common share attributable to Avista Corp. shareholders, diluted	$	2.15	$	1.97	$	3.10

There were no shares excluded from the calculation because they were antidilutive.