Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

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)	2016		2015		2016		2015
Basic net income per share:
Net income (loss) attributable to InfraREIT, Inc.	$	17,041	$	13,972	$	29,964	$	(6,539	)
Weighted average common shares outstanding		43,755		43,565		43,634		42,787
Basic net income (loss) per share	$	0.39	$	0.32	$	0.69	$	(0.15	)
Diluted net income per share:
Net income (loss) attributable to InfraREIT, Inc.	$	17,041	$	13,972	$	29,964	$	(6,539	)
Weighted average common shares outstanding		43,755		43,565		43,634		42,787
Redemption of operating partnership units		—		—		—		—
Weighted average dilutive shares outstanding		43,755		43,565		43,634		42,787
Diluted net income (loss) per share	$	0.39	$	0.32	$	0.69	$	(0.15	)
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	$	6,560	$	5,458	$	11,598	$	(1,061	)
Redemption of operating partnership units		16,884		17,028		16,999		15,964