Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Computation of Earnings Per Share

Earnings per share are calculated as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per share data)	2015		2014		2015			2014
Basic net income per share:
Net income (loss) attributable to InfraREIT, Inc.	$	13,972	$	11,894	$	(6,539	)	$	19,974
Weighted average common shares outstanding		43,565		35,053		42,787			35,053
Basic net income (loss) per share	$	0.32	$	0.34	$	(0.15	)	$	0.57
Diluted net income per share:
Net income (loss) attributable to InfraREIT, Inc.	$	13,972	$	11,894	$	(6,539	)	$	19,974
Weighted average common shares outstanding		43,565		35,053		42,787			35,053
Redemption of operating partnership units		—		—		—			—
Weighted average dilutive shares outstanding		43,565		35,053		42,787			35,053
Diluted net income (loss) per share	$	0.32	$	0.34	$	(0.15	)	$	0.57
Due to the anti-dilutive effect, the computation of diluted earnings     per share does not reflect the following adjustments:
Net income (loss) attributable to noncontrolling interest	$	5,458	$	3,621	$	(1,061	)	$	6,046
Redemption of operating partnership units		17,028		10,656		15,964			10,546