Net Income Available to Common Unitholders Per Unit of the Operating Partnership (Tables)
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9 Months Ended |
Sep. 30, 2016 |
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| Net Income Available To Common Unitholders [Line Items] |
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| Net income (loss) available to common unitholders |
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 and nine months ended September 30, 2016 and 2015:
| | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2016 | | 2015 | | 2016 | | 2015 | | (in thousands, except share and per share amounts) | Numerator: | | | | | | | | Net income attributable to Kilroy Realty Corporation | $ | 53,895 |
| | $ | 104,759 |
| | $ | 261,050 |
| | $ | 205,446 |
| Preferred dividends | (3,313 | ) | | (3,313 | ) | | (9,938 | ) | | (9,938 | ) | Allocation to participating securities (1) | (426 | ) | | (367 | ) | | (1,244 | ) | | (1,200 | ) | Numerator for basic and diluted net income available to common stockholders | $ | 50,156 |
| | $ | 101,079 |
| | $ | 249,868 |
| | $ | 194,308 |
| Denominator: | | | | | | | | Basic weighted average vested shares outstanding | 92,227,016 |
| | 92,150,341 |
| | 92,220,522 |
| | 89,077,012 |
| Effect of dilutive securities | 693,390 |
| | 488,724 |
| | 611,016 |
| | 516,249 |
| Diluted weighted average vested shares and common share equivalents outstanding | 92,920,406 |
| | 92,639,065 |
| | 92,831,538 |
| | 89,593,261 |
| Basic earnings per share: | | | | | | | | Net income available to common stockholders per share | $ | 0.54 |
| | $ | 1.10 |
| | $ | 2.71 |
| | $ | 2.18 |
| Diluted earnings per share: | | | | | | | | Net income available to common stockholders per share | $ | 0.54 |
| | $ | 1.09 |
| | $ | 2.69 |
| | $ | 2.17 |
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________________________ | | (1) | Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs. |
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| Kilroy Realty, L.P. [Member] |
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| Net Income Available To Common Unitholders [Line Items] |
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| Net income (loss) available to common unitholders |
The following table reconciles the numerator and denominator in computing the Operating Partnership’s basic and diluted per-unit computations for net income available to common unitholders for the three and nine months ended September 30, 2016 and 2015:
| | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2016 | | 2015 | | 2016 | | 2015 | | (in thousands, except unit and per unit amounts) | Numerator: | | | | | | | | Net income attributable to Kilroy Realty, L.P. | $ | 55,254 |
| | $ | 106,640 |
| | $ | 266,677 |
| | $ | 209,085 |
| Preferred distributions | (3,313 | ) | | (3,313 | ) | | (9,938 | ) | | (9,938 | ) | Allocation to participating securities (1) | (426 | ) | | (367 | ) | | (1,244 | ) | | (1,200 | ) | Numerator for basic and diluted net income available to common unitholders | $ | 51,515 |
| | $ | 102,960 |
| | $ | 255,495 |
| | $ | 197,947 |
| Denominator: | | | | | | | | Basic weighted average vested units outstanding | 94,858,292 |
| | 93,938,783 |
| | 94,630,183 |
| | 90,869,696 |
| Effect of dilutive securities | 693,390 |
| | 488,724 |
| | 611,016 |
| | 516,249 |
| Diluted weighted average vested units and common unit equivalents outstanding | 95,551,682 |
| | 94,427,507 |
| | 95,241,199 |
| | 91,385,945 |
| Basic earnings per unit: | | | | | | | | Net income available to common unitholders per unit | $ | 0.54 |
| | $ | 1.10 |
| | $ | 2.70 |
| | $ | 2.18 |
| Diluted earnings per unit: | | | | | | | | Net income available to common unitholders per unit | $ | 0.54 |
| | $ | 1.09 |
| | $ | 2.68 |
| | $ | 2.17 |
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________________________ | | (1) | Participating securities include nonvested shares, certain time-based RSUs and vested market measure-based RSUs. |
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