Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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 continuing operations attributable to common shareholders for the years ended December 31, 2019, 2018 and 2017 (in thousands, except per share amounts):



	2019		2018		2017
Net income attributable to common shareholders	$	538,320	$	511,047	$	488,456
Weighted average common shares outstanding — basic	112,443		112,129		111,839
Net effect of dilutive securities:
Contingently issuable performance shares and restricted stock units	315		421		528
Weighted average common shares outstanding — diluted	112,758		112,550		112,367
Earnings per weighted-average common share outstanding
Net income attributable to common shareholders - basic	$	4.79	$	4.56	$	4.37
Net income attributable to common shareholders - diluted	$	4.77	$	4.54	$	4.35