Net Income Available to Common Stockholders Per Share of the Company (Tables)

12 Months Ended

Dec. 31, 2019

Net income available to common stockholders

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 years ended December 31, 2019, 2018 and 2017:



	Year Ended December 31,
	2019			2018			2017
	(in thousands, except unit and per unit amounts)
Numerator:
Net income attributable to Kilroy Realty Corporation	$	195,443		$	258,415		$	164,612
Total preferred dividends	—			—			(13,363		)
Allocation to participating securities ⁽¹⁾	(2,119		)	(2,004		)	(1,975		)
Numerator for basic and diluted net income available to common stockholders	$	193,324		$	256,411		$	149,274
Denominator:
Basic weighted average vested shares outstanding	103,200,568			99,972,359			98,113,561
Effect of dilutive securities	648,600			510,006			613,770
Diluted weighted average vested shares and common stock equivalents outstanding	103,849,168			100,482,365			98,727,331
Basic earnings per share:
Net income available to common stockholders per share	$	1.87		$	2.56		$	1.52
Diluted earnings per share:
Net income available to common stockholders per share	$	1.86		$	2.55		$	1.51

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