XML 48 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Numerator
 
 
 
 
 
 
 
Net income (loss)
$
92,928

 
$
22,101

 
$
136,165

 
$
486,278

Noncontrolling interests' share in earnings
(2,986
)
 
(2,718
)
 
(5,991
)
 
(5,750
)
Net income (loss) attributable to HCP, Inc.
89,942

 
19,383

 
130,174

 
480,528

Less: Participating securities' share in earnings
(461
)
 
(100
)
 
(852
)
 
(674
)
Net income (loss) applicable to common shares
$
89,481

 
$
19,283

 
$
129,322

 
$
479,854

Numerator - Dilutive
 

 
 

 
 
 
 
Net income (loss) applicable to common shares
$
89,481

 
$
19,283

 
$
129,322

 
$
479,854

Add: distributions on dilutive convertible units and other
—

 
—

 
—

 
3,655

Dilutive net income (loss) available to common shares
$
89,481

 
$
19,283

 
$
129,322

 
$
483,509

Denominator
 

 
 

 
 
 
 
Basic weighted average shares outstanding
469,769

 
468,646

 
469,664

 
468,474

Dilutive potential common shares - equity awards
172

 
193

 
135

 
195

Dilutive potential common shares - DownREIT conversions
—

 
—

 
—

 
4,697

Diluted weighted average common shares
469,941

 
468,839

 
469,799

 
473,366

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.19

 
$
0.04

 
$
0.28

 
$
1.02

Diluted
$
0.19

 
$
0.04

 
$
0.28

 
$
1.02