XML 52 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Share
The following table illustrates the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Numerator
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
(5,720
)
 
$
45,826

 
$
480,558

 
$
294,630

Noncontrolling interests' share in earnings
(1,937
)
 
(2,789
)
 
(7,687
)
 
(9,540
)
Net income (loss) attributable to HCP, Inc.
(7,657
)
 
43,037

 
472,871

 
285,090

Less: Participating securities' share in earnings
(131
)
 
(326
)
 
(560
)
 
(977
)
Income (loss) from continuing operations applicable to common shares
(7,788
)
 
42,711

 
472,311

 
284,113

Discontinued operations

 
108,213

 

 
283,996

Net income (loss) applicable to common shares
$
(7,788
)
 
$
150,924

 
$
472,311

 
$
568,109


 
 
 
 
 
 
 
Denominator
 

 
 

 
 
 
 
Basic weighted average shares outstanding
468,975

 
467,628

 
468,642

 
466,931

Dilutive potential common shares - equity awards

 
207

 
186

 
201

Diluted weighted average common shares
468,975

 
467,835

 
468,828

 
467,132

Basic earnings per common share
 
 
 
 
 
 
 
Continuing operations
$
(0.02
)
 
$
0.09

 
$
1.01

 
$
0.61

Discontinued operations

 
0.23

 

 
0.61

Net income (loss) applicable to common shares
$
(0.02
)
 
$
0.32

 
$
1.01

 
$
1.22

Diluted earnings per common share
 

 
 

 
 
 
 
Continuing operations
$
(0.02
)
 
$
0.09

 
$
1.01

 
$
0.61

Discontinued operations

 
0.23

 

 
0.61

Net income (loss) applicable to common shares
$
(0.02
)
 
$
0.32

 
$
1.01

 
$
1.22