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Earnings per share (Tables)
12 Months Ended
Dec. 31, 2012
Reconciliations of Numerators and Denominators Used to Calculate Basic and Diluted Net Income Per Share

The reconciliations of the numerators and denominators used to calculate basic and diluted net income per share are as follows:

 

    Year ended December 31,  
    2012     2011     2010  
    (shares in thousands)  

Basic:

     

Income from continuing operations attributable to DaVita HealthCare Partners Inc.

  $ 536,236      $ 496,182      $ 403,956   

Decrease (increase) in noncontrolling interest redemption rights in excess of fair value

    —          335        (68
 

 

 

   

 

 

   

 

 

 

Income from continuing operations for basic earnings per share calculation

  $ 536,236      $ 496,517      $ 403,888   

Discontinued operations attributable to DaVita HealthCare Partners Inc.

    (219     (18,181     1,727   
 

 

 

   

 

 

   

 

 

 

Net income attributable to DaVita HealthCare Partners Inc. for basic earnings per share calculation

  $ 536,017      $ 478,336      $ 405,615   
 

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding during the period

    96,198        94,655        101,497   

Vested stock units

    3        3        7   

Contingently returnable shares held in escrow for the DaVita HealthCare Partners merger

    (183     —          —     
 

 

 

   

 

 

   

 

 

 

Weighted average shares for basic earnings per share calculation

    96,018        94,658        101,504   
 

 

 

   

 

 

   

 

 

 

Basic income from continuing operations per share attributable to DaVita HealthCare Partners Inc.

  $ 5.58      $ 5.25      $ 3.98   
 

 

 

   

 

 

   

 

 

 

Basic net income per share attributable to DaVita HealthCare Partners Inc.

  $ 5.58      $ 5.05      $ 4.00   
 

 

 

   

 

 

   

 

 

 

Diluted:

     

Income from continuing operations attributable to DaVita HealthCare Partners Inc.

  $ 536,236      $ 496,182      $ 403,956   

Decrease (increase) in noncontrolling interest redemption rights in excess of fair value

    —          335        (68
 

 

 

   

 

 

   

 

 

 

Income from continuing operations for diluted earnings per share calculation

  $ 536,236      $ 496,517      $ 403,888   

Discontinued operations attributable to DaVita HealthCare Partners Inc.

    (219     (18,181     1,727   
 

 

 

   

 

 

   

 

 

 

Net income attributable to DaVita HealthCare Partners Inc. for diluted earnings per share calculation

  $ 536,017      $ 478,336      $ 405,615   
 

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding during the period

    96,198        94,655        101,497   

Vested stock units

    3        3        7   

Assumed incremental shares from stock plans

    1,770        1,874        1,555   
 

 

 

   

 

 

   

 

 

 

Weighted average shares for diluted earnings per share calculation

    97,971        96,532        103,059   
 

 

 

   

 

 

   

 

 

 

Diluted income from continuing operations per share attributable to DaVita HealthCare Partners Inc.

  $ 5.47      $ 5.14      $ 3.92   
 

 

 

   

 

 

   

 

 

 

Diluted net income per share attributable to DaVita HealthCare Partners Inc.

  $ 5.47      $ 4.96      $ 3.94   
 

 

 

   

 

 

   

 

 

 

Anti-dilutive stock-settled awards excluded from calculation(1)

    1,308        2,388        1,452   
 

 

 

   

 

 

   

 

 

 

 

(1) Shares associated with stock-settled stock appreciation rights and stock options excluded from the diluted denominator calculation because they are anti-dilutive under the treasury stock method.