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Earnings Per Share/Unit
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share/Unit
6. Earnings Per Share/Unit

Medical Properties Trust, Inc.

Our earnings per share were calculated based on the following (amounts in thousands):

 

     For the Years Ended December 31,  
     2013     2012     2011  

Numerator:

       

Income from continuing operations

    $ 89,301      $ 72,870      $ 12,120   

Non-controlling interests’ share in continuing operations

      (224 )      (177 )      (178 ) 

Participating securities’ share in earnings

      (729 )      (887 )      (1,090 ) 
  

 

 

    

 

 

    

 

 

  

Income from continuing operations, less participating securities’ share in earnings

      88,348        71,806        10,852   

Income from discontinued operations attributable to MPT common stockholders

      7,914        17,207        14,594   
  

 

 

    

 

 

    

 

 

  

Net income, less participating securities’ share in earnings

    $ 96,262      $ 89,013      $ 25,446   
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Basic weighted-average common shares

      151,439        132,331        110,623   

Dilutive potential common shares

      1,159        2        6   
  

 

 

    

 

 

    

 

 

  

Diluted weighted-average common shares

      152,598        132,333        110,629   
  

 

 

    

 

 

    

 

 

  

MPT Operating Partnership, L.P.

Our earnings per unit were calculated based on the following (amounts in thousands):

 

     For the Years Ended December 31,  
     2013     2012     2011  

Numerator:

       

Income from continuing operations

    $ 89,301      $ 72,870      $ 12,137   

Non-controlling interests’ share in continuing operations

      (244 )      (177 )      (178 ) 

Participating securities’ share in earnings

      (729 )      (887 )      (1,090 ) 
  

 

 

    

 

 

    

 

 

  

Income from continuing operations, less participating securities’ share in earnings

      88,328        71,806        10,869   

Income from discontinued operations attributable to MPT Operating Partnership partners

      7,914        17,207        14,594   
  

 

 

    

 

 

    

 

 

  

Net income, less participating securities’ share in earnings

    $ 96,242      $ 89,013      $ 25,463   
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Basic weighted-average units

      151,439        132,331        110,623   

Dilutive potential units

      1,159        2        6   
  

 

 

    

 

 

    

 

 

  

Diluted weighted-average units

      152,598        132,333        110,629   
  

 

 

    

 

 

    

 

 

  

 

For each of the years ended December 31, 2012 and 2011, approximately 0.1 million of options were excluded from the diluted earnings per share/unit calculation as they were not determined to be dilutive.