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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

Earnings per share are calculated as follows:

 

 

Three Months Ended March 31,

 

(In thousands, except per share data)

 

2015

 

 

2014

 

Basic net income per share:

 

 

 

 

 

 

 

 

Net (loss) income attributable to InfraREIT, Inc.

 

$

(26,873

)

 

$

3,845

 

Weighted average common shares outstanding

 

 

41,204

 

 

 

35,053

 

Basic net income per share

 

$

(0.65

)

 

$

0.11

 

Diluted net income per share:

 

 

 

 

 

 

 

 

Net (loss) income attributable to InfraREIT, Inc.

 

$

(26,873

)

 

$

3,845

 

Weighted average common shares outstanding

 

 

41,204

 

 

 

35,053

 

Redemption of operating partnership units

 

 

—

 

 

 

—

 

Weighted average dilutive shares outstanding

 

 

41,204

 

 

 

35,053

 

Diluted net income per share

 

$

(0.65

)

 

$

0.11

 

Due to the anti-dilutive effect, the computation of diluted earnings

    per share does not reflect the following adjustments:

 

 

 

 

 

 

 

 

Net (loss) income attributable to noncontrolling interest

 

$

(9,000

)

 

$

1,147

 

Redemption of operating partnership units

 

 

13,801

 

 

 

10,421