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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Numerator for basic earnings per share - net income (loss) attributable to common stockholders |  | $ | 89,784 |  |  | $ | 26,257 |  |  | $ | 151,709 |  |  | $ | 97,803 |
Adjustment for net income (loss) attributable to OP units(1) |  | 228 |  |  | (873) |  |  | 106 |  |  | (2,225) |
Numerator for diluted earnings per share |  | $ | 90,012 |  |  | $ | 25,384 |  |  | $ | 151,815 |  |  | $ | 95,578 |
Denominator for basic earnings per share - weighted average shares |  | 454,327 |  |  | 417,452 |  |  | 450,865 |  |  | 417,360 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Employee stock options |  | 40 |  |  | — |  |  | 36 |  |  | — |
Non-vested restricted shares |  | 1,166 |  |  | 438 |  |  | 1,070 |  |  | 430 |
OP units(1) |  | 1,526 |  |  | 1,396 |  |  | 1,461 |  |  | 1,396 |
Employee stock purchase program |  | 23 |  |  | 19 |  |  | 23 |  |  | 19 |
Dilutive potential common shares |  | 2,755 |  |  | 1,853 |  |  | 2,590 |  |  | 1,845 |
Denominator for diluted earnings per share - adjusted weighted average shares |  | 457,082 |  |  | 419,305 |  |  | 453,455 |  |  | 419,205 |
Basic earnings per share |  | $ | 0.20 |  |  | $ | 0.06 |  |  | $ | 0.34 |  |  | $ | 0.23 |
Diluted earnings per share |  | $ | 0.20 |  |  | $ | 0.06 |  |  | $ | 0.33 |  |  | $ | 0.23 |
(1) OP units include both Welltower OP units owned by outside investors as well as OP units owned by outside investors in certain consolidated DownREIT subsidiaries.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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