Earnings per share (Notes)

3 Months Ended

Mar. 31, 2023

Earnings per share

Basic earnings per share is calculated by dividing net income attributable to the Company by the weighted average number of common shares outstanding. Weighted average common shares outstanding include restricted stock unit awards that are no longer subject to forfeiture because the recipients have satisfied either the explicit vesting terms or retirement eligibility requirements.

Diluted earnings per share includes the dilutive effect of outstanding stock-settled stock appreciation rights and unvested stock units as computed under the treasury stock method.

The reconciliations of the numerators and denominators used to calculate basic and diluted earnings per share were as follows:


	Three months ended March 31,
	2023		2022


Net income attributable to DaVita Inc.	$	115,547	$	162,122

Weighted average shares outstanding:
Basic shares	90,497		96,342
Assumed incremental from stock plans	1,986		4,161
Diluted shares	92,483		100,503



Basic net income per share attributable to DaVita Inc.	$	1.28	$	1.68



Diluted net income per share attributable to DaVita Inc.	$	1.25	$	1.61

Anti-dilutive stock-settled awards excluded from calculation(1)	1,295		171

(1)Shares associated with stock awards excluded from the diluted denominator calculation because they were anti-dilutive under the treasury stock method.