Earnings Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2021

Schedule basic and Diluted Earnings Per Share

The computations of basic and diluted earnings per share of common stock are noted in the table below. Basic earnings per share of common stock is computed by dividing the net income attributable to California Water Service Group by the weighted average number of common shares outstanding during the period. RSAs are included in the weighted average common shares outstanding because the shares have all the same voting and dividend rights as issued and unrestricted common stock. RSUs are not included in the basic and diluted shares calculation for financial reporting until authorized by the Organization & Compensation Committee of the Board of Directors.


	Three Months Ended September 30
	2021		2020
	(In thousands, except per share data)
Net income	$	62,499	$	96,360
Net income attributable to noncontrolling interests	70		—
Net income attributable to California Water Service Group	$	62,429	$	96,360
Weighted average common shares outstanding, basic	51,823		49,576
Weighted average common shares outstanding, dilutive	51,823		49,576
Earnings per share of common stock - basic	$	1.20	$	1.94
Earnings per share of common stock - diluted	$	1.20	$	1.94


	Nine Months Ended September 30
	2021		2020
	(In thousands, except per share data)
Net income	$	97,543	$	81,334
Net loss attributable to noncontrolling interests	(79)		—
Net income attributable to California Water Service Group	$	97,622	$	81,334
Weighted average common shares outstanding, basic	51,119		49,034
Weighted average common shares outstanding, dilutive	51,119		49,034
Earnings per share of common stock - basic	$	1.91	$	1.66
Earnings per share of common stock - diluted	$	1.91	$	1.66