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Earnings per share
 9 Months Ended
Sep. 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

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to DaVita HealthCare

   Partners Inc.

 

$

215,872

 

 

$

184,122

 

 

$

275,732

 

 

$

515,094

 

Weighted average shares outstanding during

   the period

 

 

214,569

 

 

 

214,810

 

 

 

215,108

 

 

 

214,280

 

Vested stock units

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

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

 

 

212,375

 

 

 

212,617

 

 

 

212,914

 

 

 

212,087

 

Basic net income per share attributable to

   DaVita HealthCare Partners Inc.

 

$

1.02

 

 

$

0.87

 

 

$

1.30

 

 

$

2.43

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to DaVita HealthCare

   Partners Inc.

 

$

215,872

 

 

$

184,122

 

 

$

275,732

 

 

$

515,094

 

Weighted average shares outstanding during

   the period

 

 

214,569

 

 

 

214,810

 

 

 

215,108

 

 

 

214,280

 

Vested stock units

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

Assumed incremental shares from stock plans

 

 

2,122

 

 

 

2,425

 

 

 

2,313

 

 

 

2,414

 

Weighted average shares for diluted earnings

   per share calculation

 

 

216,691

 

 

 

217,236

 

 

 

217,421

 

 

 

216,695

 

Diluted net income per share attributable

   to DaVita HealthCare Partners Inc.

 

$

1.00

 

 

$

0.85

 

 

$

1.27

 

 

$

2.38

 

Anti-dilutive potential common shares

   excluded from calculation (1)

 

 

1,184

 

 

 

1,422

 

 

 

1,092

 

 

 

1,804

 

______________

(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.