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Net Income Available to Common Stockholders Per Share of the Company
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Available to Common Stockholders Per Share of the Company
Net Income Available to Common Stockholders Per Share of the Company

The following table reconciles the numerator and denominator in computing the Company’s basic and diluted per-share computations for net income available to common stockholders for the three months ended March 31, 2016 and 2015:

 
Three Months Ended March 31,
 
2016
 
2015
 
(in thousands, except share and per share amounts)
Numerator:
 
 
 
Net income attributable to Kilroy Realty Corporation
$
174,308

 
$
43,187

Preferred dividends
(3,313
)
 
(3,313
)
Allocation to participating securities (1)
(395
)
 
(415
)
Numerator for basic and diluted net income available to common stockholders
$
170,600

 
$
39,459

Denominator:
 
 
 
Basic weighted average vested shares outstanding
92,224,522

 
86,896,776

Effect of dilutive securities
510,021

 
537,590

Diluted weighted average vested shares and common share equivalents outstanding
92,734,543

 
87,434,366

Basic earnings per share:
 
 
 
Net income available to common stockholders per share
$
1.85

 
$
0.45

Diluted earnings per share:
 
 
 
Net income available to common stockholders per share
$
1.84

 
$
0.45


________________________ 
(1)
Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs.

Share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are considered participating securities. The impact of potentially dilutive common shares, including stock options, RSUs and other securities are considered in our diluted earnings per share calculation for the three months ended March 31, 2016 and 2015. Certain market measure-based RSUs are not included in dilutive securities for the three months ended March 31, 2016 and 2015, as not all performance metrics had been met by the end of the applicable reporting periods.

See Note 10 “Share-Based Compensation” for additional information regarding share-based compensation.