Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2018

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)	2018		2017		2018		2017
Basic net income per share:
Net income attributable to InfraREIT, Inc.	$	14,271	$	15,330	$	44,469	$	30,587
Weighted average common shares outstanding		43,962		43,784		43,919		43,779
Basic net income per share	$	0.32	$	0.35	$	1.01	$	0.70
Diluted net income per share:
Net income attributable to InfraREIT, Inc.	$	14,271	$	15,330	$	44,469	$	30,587
Weighted average common shares outstanding		43,962		43,784		43,919		43,779
Redemption of Operating Partnership units		—		—		—		—
Weighted average dilutive shares outstanding		43,962		43,784		43,919		43,779
Diluted net income per share	$	0.32	$	0.35	$	1.01	$	0.70
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	$	5,435	$	5,908	$	16,937	$	11,797
Redemption of Operating Partnership units		16,742		16,891		16,785		16,896