Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31,
	2018			2017
Numerator
Net income (loss) from continuing operations	$	43,237		$	464,177
Noncontrolling interests' share in earnings	(3,005		)	(3,032		)
Net income (loss) attributable to HCP, Inc.	40,232			461,145
Less: Participating securities' share in earnings	(391		)	(770		)
Net income (loss) applicable to common shares	$	39,841		$	460,375
Numerator - Dilutive
Net income (loss) applicable to common shares	$	39,841		$	460,375
Add: distributions on dilutive convertible units and other	—			2,803
Dilutive net income (loss) available to common shares	$	39,841		$	463,178
Denominator
Basic weighted average shares outstanding	469,557			468,299
Dilutive potential common shares - equity awards	138			229
Dilutive potential common shares - DownREIT conversions	—			6,645
Diluted weighted average common shares	469,695			475,173
Earnings per common share:
Basic	$	0.08		$	0.98
Diluted	$	0.08		$	0.97