Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of earnings per weighted average common share outstanding

The following table presents the calculation of Pinnacle West’s basic and diluted earnings per share for the three and six months ended June 30, 2019 and 2018 (in thousands, except per share amounts):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net income attributable to common shareholders	$	144,145	$	166,738	$	162,063	$	169,959
Weighted average common shares outstanding — basic	112,337		112,115		112,381		112,067
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units	314		356		353		415
Weighted average common shares outstanding — diluted	112,651		112,471		112,734		112,482
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders — basic	$	1.28	$	1.49	$	1.44	$	1.52
Net income attributable to common shareholders — diluted	$	1.28	$	1.48	$	1.44	$	1.51