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

Earnings per share are calculated as follows:

 

 

 

Years Ended December 31,

 

(In thousands, except per share data)

 

2015

 

 

2014

 

 

2013

 

Basic net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to InfraREIT, Inc.

 

$

13,267

 

 

$

22,898

 

 

$

32,122

 

Weighted average common shares outstanding

 

 

42,983

 

 

 

35,053

 

 

 

29,883

 

Basic net income per share

 

$

0.31

 

 

$

0.65

 

 

$

1.07

 

Diluted net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to InfraREIT, Inc.

 

$

13,267

 

 

$

22,898

 

 

$

32,122

 

Weighted average common shares outstanding

 

 

42,983

 

 

 

35,053

 

 

 

29,883

 

Redemption of operating partnership units

 

 

 

 

 

 

 

 

 

Weighted average dilutive shares outstanding

 

 

42,983

 

 

 

35,053

 

 

 

29,883

 

Diluted net income per share

 

$

0.31

 

 

$

0.65

 

 

$

1.07

 

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

   does not reflect the following adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to noncontrolling interest

 

$

6,664

 

 

$

6,882

 

 

$

10,288

 

Redemption of operating partnership units

 

 

16,232

 

 

 

10,578

 

 

 

9,181