XML 23 R10.htm IDEA: XBRL DOCUMENT v3.19.1
Earnings per share
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings per share Earnings per share
Basic earnings per share is calculated by dividing net income attributable to the Company, adjusted for any change in noncontrolling interest redemption rights in excess of fair value, by the weighted average number of common shares outstanding, net of the weighted average shares held in escrow that under certain circumstances may have been returned to the Company.
Diluted earnings per share includes the dilutive effect of outstanding stock-settled stock appreciation rights (SSARs) and unvested stock units (under the treasury stock method) as well as the weighted average shares held in escrow that were outstanding during the period.
The reconciliations of the numerators and denominators used to calculate basic and diluted earnings per share were as follows:
 
Three months ended
March 31,
 
2019
 
2018
Numerators:
 

 
 

Net income from continuing operations attributable to DaVita Inc.
$
120,254

 
$
191,015

Net income (loss) from discontinued operations attributable to DaVita Inc.
29,035

 
(12,329
)
Net income attributable to DaVita Inc. for earnings per share calculation
$
149,289

 
$
178,686

 
 
 
 
Basic:
 
 
 
Weighted average shares outstanding during the period
166,388

 
181,152

Weighted average contingently returnable shares held in escrow for the DaVita HealthCare Partners merger
—

 
(2,194
)
Weighted average shares for basic earnings per share calculation
166,388

 
178,958

 
 
 
 
Basic net income (loss) attributable to DaVita Inc. from:
 
 
 
Continuing operations per share
$
0.72

 
$
1.07

Discontinued operations per share
0.18

 
(0.07
)
Basic net income per share attributable to DaVita Inc.
$
0.90

 
$
1.00

 
 
 
 
Diluted:
 
 
 
Weighted average shares outstanding during the period
166,388

 
181,152

Assumed incremental shares from stock plans
393

 
683

Weighted average shares for diluted earnings per share calculation
166,781

 
181,835

 
 
 
 
Diluted net income (loss) attributable to DaVita Inc. from:
 
 
 
Continuing operations per share
$
0.72

 
$
1.05

Discontinued operations per share
0.18

 
(0.07
)
Diluted net income per share attributable to DaVita Inc.
$
0.90

 
$
0.98

Anti-dilutive stock-settled awards excluded from calculation(1)
6,150

 
3,453

 
(1)
Shares associated with stock-settled stock appreciation rights excluded from the diluted denominator calculation because they are anti-dilutive under the treasury stock method.