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Earnings per share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings per share

2.

Earnings per share

Basic net income per share is calculated by dividing net income attributable to the Company, adjusted for any change in noncontrolling interests redemption rights in excess of fair value, by the weighted average number of common shares and vested stock units outstanding, net of shares held in escrow that under certain circumstances may be returned to the Company.

Diluted net income per share includes the dilutive effect, of outstanding stock-settled stock appreciation rights and unvested stock units (under the treasury stock method) as well as contingently returnable shares held in escrow.

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

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to DaVita HealthCare Partners Inc.

 

$

170,477

 

 

$

147,683

 

 

$

59,860

 

 

$

330,972

 

Weighted average shares outstanding during the period

 

 

215,186

 

 

 

214,451

 

 

 

215,382

 

 

 

214,010

 

Vested stock units

 

 

 

 

 

2

 

 

 

 

 

 

2

 

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

 

 

(2,194

)

 

 

(2,194

)

 

 

(2,194

)

 

 

(2,194

)

Weighted average shares for basic earnings per share calculation

 

 

212,992

 

 

 

212,259

 

 

 

213,188

 

 

 

211,818

 

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

 

$

0.80

 

 

$

0.70

 

 

$

0.28

 

 

$

1.56

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to DaVita HealthCare Partners Inc.

 

$

170,477

 

 

$

147,683

 

 

$

59,860

 

 

$

330,972

 

Weighted average shares outstanding during the period

 

 

215,186

 

 

 

214,451

 

 

 

215,382

 

 

 

214,010

 

Vested stock units

 

 

 

 

 

2

 

 

 

 

 

 

2

 

Assumed incremental shares from stock plans

 

 

2,420

 

 

 

2,268

 

 

 

2,409

 

 

 

2,409

 

Weighted average shares for diluted earnings per share calculation

 

 

217,606

 

 

 

216,721

 

 

 

217,791

 

 

 

216,421

 

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

 

$

0.78

 

 

$

0.68

 

 

$

0.27

 

 

$

1.53

 

Anti-dilutive potential common shares excluded from calculation (1)

 

 

691

 

 

 

990

 

 

 

1,046

 

 

 

1,995

 

______________

(1)

Shares associated with stock-settled stock appreciation rights that are excluded from the diluted denominator calculation because they are anti-dilutive under the treasury stock method.