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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share
Basic income (loss) per common share is computed based upon the weighted average number of common shares outstanding. Diluted income (loss) per common share is computed based upon the weighted average number of common shares outstanding plus the common shares issuable from the assumed conversion of DownREIT units, stock options, certain performance restricted stock units and unvested restricted stock units. Only those instruments having a dilutive impact on our basic income (loss) per share are included in diluted income (loss) per share during the periods presented.
Restricted stock and certain performance restricted stock units are considered participating securities, because dividend payments are not forfeited even if the underlying award does not vest, and require use of the two-class method when computing 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 September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Numerator
 
 
 
 
 
 
 
Net income (loss)
$
102,926

 
$
(5,720
)
 
$
239,091

 
$
480,558

Noncontrolling interests' share in earnings
(3,555
)
 
(1,937
)
 
(9,546
)
 
(7,687
)
Net income (loss) attributable to HCP, Inc.
99,371

 
(7,657
)
 
229,545

 
472,871

Less: Participating securities' share in earnings
(425
)
 
(131
)
 
(1,278
)
 
(560
)
Net income (loss) applicable to common shares
$
98,946

 
$
(7,788
)
 
$
228,267

 
$
472,311

Denominator
 

 
 

 
 
 
 
Basic weighted average shares outstanding
469,867

 
468,975

 
469,732

 
468,642

Dilutive potential common shares - equity awards
251

 
—

 
144

 
186

Diluted weighted average common shares
470,118

 
468,975

 
469,876

 
468,828

Earnings per common share:
 
 
 
 
 
 
 
Basic
$
0.21

 
$
(0.02
)
 
$
0.49

 
$
1.01

Diluted
$
0.21

 
$
(0.02
)
 
$
0.49

 
$
1.01



For all periods presented in the above table, 7 million shares issuable upon conversion of DownREIT units and approximately 1 million equity awards (restricted stock units and stock options) were not included because they are anti-dilutive. For the three months ended September 30, 2017, diluted loss per share from continuing operations is calculated using the weighted-average common shares outstanding during the period.