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Earning Per Share and Earnings Per Unit | 3 Months Ended
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Mar. 31, 2017
Earnings Per Share [Abstract] |
Earning Per Share And Earnings Per Unit |
10. | Earning Per Share and Earnings Per Unit
Equity Residential The following tables set forth the computation of net income per share – basic and net income per share – diluted for the Company (amounts in thousands except per share amounts):
|  | Quarter Ended March 31, |
|  | 2017 |  |  | 2016 |
Numerator for net income per share – basic: |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 149,941 |  |  | $ | 3,731,988 |
Allocation to Noncontrolling Interests – Operating Partnership, net |  |  | (5,411 | ) |  |  | (143,315 | )
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (788 | ) |  |  | (764 | )
Preferred distributions |  |  | (773 | ) |  |  | (773 | )
Income from continuing operations available to Common Shares, net of Noncontrolling Interests |  |  | 142,969 |  |  |  | 3,587,136 |
Discontinued operations, net of Noncontrolling Interests |  |  | — |  |  |  | (151 | )
Numerator for net income per share – basic |  | $ | 142,969 |  |  | $ | 3,586,985 |
Numerator for net income per share – diluted: |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 149,941 |  |  | $ | 3,731,988 |
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (788 | ) |  |  | (764 | )
Preferred distributions |  |  | (773 | ) |  |  | (773 | )
Income from continuing operations available to Common Shares |  |  | 148,380 |  |  |  | 3,730,451 |
Discontinued operations, net |  |  | — |  |  |  | (157 | )
Numerator for net income per share – diluted |  | $ | 148,380 |  |  | $ | 3,730,294 |
Denominator for net income per share – basic and diluted: |  |  |  |  |  |  |  |
Denominator for net income per share – basic |  |  | 366,605 |  |  |  | 364,592 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
OP Units |  |  | 12,899 |  |  |  | 13,697 |
Long-term compensation shares/units |  |  | 2,776 |  |  |  | 3,954 |
Denominator for net income per share – diluted |  |  | 382,280 |  |  |  | 382,243 |
Net income per share – basic |  | $ | 0.39 |  |  | $ | 9.84 |
Net income per share – diluted |  | $ | 0.39 |  |  | $ | 9.76 |
Net income per share – basic: |  |  |  |  |  |  |  |
Income from continuing operations available to Common Shares, net of Noncontrolling Interests |  | $ | 0.39 |  |  | $ | 9.84 |
Discontinued operations, net of Noncontrolling Interests |  |  | — |  |  |  | — |
Net income per share – basic |  | $ | 0.39 |  |  | $ | 9.84 |
Net income per share – diluted: |  |  |  |  |  |  |  |
Income from continuing operations available to Common Shares |  | $ | 0.39 |  |  | $ | 9.76 |
Discontinued operations, net |  |  | — |  |  |  | — |
Net income per share – diluted |  | $ | 0.39 |  |  | $ | 9.76 |
ERP Operating Limited Partnership The following tables set forth the computation of net income per Unit – basic and net income per Unit – diluted for the Operating Partnership (amounts in thousands except per Unit amounts):
|  | Quarter Ended March 31, |
|  | 2017 |  |  | 2016 |
Numerator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 149,941 |  |  | $ | 3,731,988 |
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (788 | ) |  |  | (764 | )
Allocation to Preference Units |  |  | (773 | ) |  |  | (773 | )
Income from continuing operations available to Units |  |  | 148,380 |  |  |  | 3,730,451 |
Discontinued operations, net |  |  | — |  |  |  | (157 | )
Numerator for net income per Unit – basic and diluted |  | $ | 148,380 |  |  | $ | 3,730,294 |
Denominator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |
Denominator for net income per Unit – basic |  |  | 379,504 |  |  |  | 378,289 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units |  |  | 2,776 |  |  |  | 3,954 |
Denominator for net income per Unit – diluted |  |  | 382,280 |  |  |  | 382,243 |
Net income per Unit – basic |  | $ | 0.39 |  |  | $ | 9.84 |
Net income per Unit – diluted |  | $ | 0.39 |  |  | $ | 9.76 |
Net income per Unit – basic: |  |  |  |  |  |  |  |
Income from continuing operations available to Units |  | $ | 0.39 |  |  | $ | 9.84 |
Discontinued operations, net |  |  | — |  |  |  | — |
Net income per Unit – basic |  | $ | 0.39 |  |  | $ | 9.84 |
Net income per Unit – diluted: |  |  |  |  |  |  |  |
Income from continuing operations available to Units |  | $ | 0.39 |  |  | $ | 9.76 |
Discontinued operations, net |  |  | — |  |  |  | — |
Net income per Unit – diluted |  | $ | 0.39 |  |  | $ | 9.76 |

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