EARNINGS PER SHARE
 
The following table presents the computation of IDACORP’s basic and diluted earnings per share for the years ended December 31 (in thousands of dollars and shares, except for per share amounts):
 202520242023
Numerator:   
Net income attributable to IDACORP, Inc.$323,472 $289,174 $261,195 
Denominator:  
Weighted-average common shares outstanding - basic54,235 52,543 50,717 
Effect of dilutive securities(1)
571 72 89 
Weighted-average common shares outstanding - diluted54,806 52,615 50,806 
Basic earnings per share$5.96 $5.50 $5.15 
Diluted earnings per share$5.90 $5.50 $5.14 
(1) Includes the effect of dilutive securities related to FSAs. See Note 6 - "Common Stock" for additional information concerning IDACORP's FSAs.

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Feb 20, 2025
2023Feb 15, 2024
2022Feb 16, 2023
2021Feb 17, 2022

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.