Earnings Per Share

3 Months Ended

Mar. 31, 2020

The following table presents the calculation of Pinnacle West’s basic and diluted earnings per share for the three months ended March 31, 2020 and 2019 (in thousands, except per share amounts):



	Three Months Ended March 31,
	2020		2019
Net income attributable to common shareholders	$	29,993	$	17,918
Weighted average common shares outstanding — basic	112,594		112,337
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units	268		398
Weighted average common shares outstanding — diluted	112,862		112,735
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders — basic	$	0.27	$	0.16
Net income attributable to common shareholders — diluted	$	0.27	$	0.16