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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2016
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)

 

2016

 

 

2015

 

 

2014

 

Basic net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to InfraREIT, Inc.

 

$

49,954

 

 

$

13,267

 

 

$

22,898

 

Weighted average common shares outstanding

 

 

43,668

 

 

 

42,983

 

 

 

35,053

 

Basic net income per share

 

$

1.14

 

 

$

0.31

 

 

$

0.65

 

Diluted net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to InfraREIT, Inc.

 

$

49,954

 

 

$

13,267

 

 

$

22,898

 

Weighted average common shares outstanding

 

 

43,668

 

 

 

42,983

 

 

 

35,053

 

Redemption of Operating Partnership units

 

 

 

 

 

 

 

 

 

Weighted average dilutive shares outstanding

 

 

43,668

 

 

 

42,983

 

 

 

35,053

 

Diluted net income per share

 

$

1.14

 

 

$

0.31

 

 

$

0.65

 

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

 

$

19,347

 

 

$

6,664

 

 

$

6,882

 

Redemption of Operating Partnership units

 

 

16,968

 

 

 

16,232

 

 

 

10,578