Earnings per Share/Capital Stock: (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating basic net income per share

The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding used for calculating basic net income per share:



Basic:	For The Three Months Ended September 30,				For The Nine Months Ended September 30,
(in thousands, except per share amounts)	2015		2014		2015		2014
Net income	$	21,079	$	21,171	48,876		47,546
Less: (a) Distributed earnings to common shareholders	8,326		8,244		24,497		23,944
Distributed earnings to participating securities	47		48		134		133
Undistributed earnings	12,706		12,879		24,245		23,469

(b) Undistributed earnings allocated to common shareholders	12,633		12,805		24,114		23,340
Undistributed earnings allocated to participating securities	73		74		131		129

Total income available to common shareholders, basic (a)+(b)	$	20,959	$	21,049	$	48,611	$	47,284

Weighted average Common Shares outstanding, basic	37,063		38,704		37,653		38,744

Basic earnings per Common Share	$	0.57	$	0.54	$	1.29	$	1.22

Schedule of reconciliation of Registrant's net income and weighted average Common Shares outstanding for calculating diluted net income per share

The following is a reconciliation of Registrant’s net income and weighted average Common Shares outstanding for calculating diluted net income per share:



Diluted:	For The Three Months Ended September 30,				For The Nine Months Ended September 30,
(in thousands, except per share amounts)	2015		2014		2015		2014
Common shareholders earnings, basic	$	20,959	$	21,049	$	48,611	$	47,284
Undistributed earnings for dilutive stock-based awards	73		74		131		129
Total common shareholders earnings, diluted	$	21,032	$	21,123	$	48,742	$	47,413

Weighted average common shares outstanding, basic	37,063		38,704		37,653		38,744
Stock-based compensation (1)	203		226		200		219
Weighted average common shares outstanding, diluted	37,266		38,930		37,853		38,963

Diluted earnings per Common Share	$	0.56	$	0.54	$	1.29	$	1.22

(1) In applying the treasury stock method of reflecting the dilutive effect of outstanding stock-based compensation in the calculation of diluted EPS, 174,306 and 235,584 stock options at September 30, 2015 and 2014, respectively, were deemed to be outstanding in accordance with accounting guidance on earnings per share. All of the 211,406 and 224,543 restricted stock units at September 30, 2015 and 2014, respectively, were included in the calculation of diluted EPS for the nine months ended September 30, 2015 and 2014.

Golden State Water CO 10-Q