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Net Income Available to Common Unitholders Per Unit of the Operating Partnership
 6 Months Ended
Jun. 30, 2018
Net Income Available To Common Unitholders [Line Items]  
Net Income Available to Common Unitholders Per Unit of the Operating Partnership
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 and six months ended June 30, 2018 and 2017:

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands, except share and per share amounts)
Numerator:
 
 
 
 
 
 
 
Net income attributable to Kilroy Realty Corporation
$
27,549

 
$
31,448

 
$
63,795

 
$
64,973

Total preferred dividends
—

 
(1,615
)
 
—

 
(8,811
)
Allocation to participating securities (1)
(514
)
 
(511
)
 
(985
)
 
(959
)
Numerator for basic and diluted net income available to common stockholders
$
27,035

 
$
29,322

 
$
62,810

 
$
55,203

Denominator:
 
 
 
 
 
 
 
Basic weighted average vested shares outstanding
99,691,700

 
98,275,471

 
99,220,577

 
97,834,255

Effect of dilutive securities
459,156

 
551,907

 
467,105

 
593,090

Diluted weighted average vested shares and common share equivalents outstanding
100,150,856

 
98,827,378

 
99,687,682

 
98,427,345

Basic earnings per share:
 
 
 
 
 
 
 
Net income available to common stockholders per share
$
0.27

 
$
0.30

 
$
0.63

 
$
0.56

Diluted earnings per share:
 
 
 
 
 
 
 
Net income available to common stockholders per share
$
0.27

 
$
0.30

 
$
0.63

 
$
0.56


________________________ 
(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 and six months ended June 30, 2018 and 2017. Certain market measure-based RSUs are not included in dilutive securities for the three and six months ended June 30, 2018 and 2017, as not all performance metrics had been met by the end of the applicable reporting periods.

See Note 9 “Share-Based Compensation” for additional information regarding share-based compensation.
Kilroy Realty L.P. [Member]  
Net Income Available To Common Unitholders [Line Items]  
Net Income Available to Common Unitholders Per Unit of the Operating Partnership
Net Income Available to Common Unitholders Per Unit of the Operating Partnership

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 six months ended June 30, 2018 and 2017:

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands, except unit and per unit amounts)
Numerator:
 
 
 
 
 
 
 
Net income attributable to Kilroy Realty, L.P.
$
28,015

 
$
31,971

 
$
64,908

 
$
66,025

Total preferred distributions
—

 
(1,615
)
 
—

 
(8,811
)
Allocation to participating securities (1)
(514
)
 
(511
)
 
(985
)
 
(959
)
Numerator for basic and diluted net income available to common unitholders
$
27,501

 
$
29,845

 
$
63,923

 
$
56,255

Denominator:
 
 
 
 
 
 
 
Basic weighted average vested units outstanding
101,762,390

 
100,352,664

 
101,291,549

 
100,024,000

Effect of dilutive securities
459,156

 
551,907

 
467,105

 
593,090

Diluted weighted average vested units and common unit equivalents outstanding
102,221,546

 
100,904,571

 
101,758,654

 
100,617,090

Basic earnings per unit:
 
 
 
 
 
 
 
Net income available to common unitholders per unit
$
0.27

 
$
0.30

 
$
0.63

 
$
0.56

Diluted earnings per unit:
 
 
 
 
 
 
 
Net income available to common unitholders per unit
$
0.27

 
$
0.30

 
$
0.63

 
$
0.56


________________________ 
(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 units, including stock options, RSUs and other securities are considered in our diluted earnings per share calculation for the three and six months ended June 30, 2018 and 2017. Certain market measure-based RSUs are not included in dilutive securities for the three and six months ended June 30, 2018 and 2017, as not all performance metrics had been met by the end of the applicable reporting periods.

See Note 9 “Share-Based Compensation” for additional information regarding share-based compensation.