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Earnings Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share (in thousands, except per share amounts)
The following table illustrates the computation of basic and diluted earnings per share (dollars in thousands, except per share data):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Numerator
 
 
 
 
 
Net income (loss) from continuing operations
$
422,634

    
$
374,171

 
$
152,668

Noncontrolling interests' share in earnings
(8,465
)
 
(12,179
)
 
(12,817
)
Net income (loss) attributable to HCP, Inc.
414,169

 
361,992

 
139,851

Less: Participating securities' share in earnings
(1,156
)
 
(1,198
)
 
(1,317
)
Income (loss) from continuing operations applicable to common shares
413,013

 
360,794

 
138,534

Discontinued operations
—

 
265,755

 
(699,086
)
Net income (loss) applicable to common shares
$
413,013

 
$
626,549

 
$
(560,552
)
 
 
 
 
 
 
Denominator
 
 
 
 
 
Basic weighted average shares outstanding
468,759

 
467,195

 
462,795

Dilutive potential common shares - equity awards
176

 
208

 
—

Diluted weighted average common shares
468,935

 
467,403

 
462,795

Basic earnings per common share


 


 


Continuing operations
$
0.88

 
$
0.77

 
$
0.30

Discontinued operations
—

 
0.57

 
(1.51
)
Net income (loss) applicable to common shares
$
0.88

 
$
1.34

 
$
(1.21
)
Diluted earnings per common share


 


 


Continuing operations
$
0.88

 
$
0.77

 
$
0.30

Discontinued operations
—

 
0.57

 
(1.51
)
Net income (loss) applicable to common shares
$
0.88

 
$
1.34

 
$
(1.21
)