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Earnings Per Share and Earnings Per Unit | 3 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Share And Earnings Per Unit |
1 1. | Earnings 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, |
|  | 2020 |  |  | 2019 |
Numerator for net income per share – basic: |  |  |  |  |  |  |  |
Net income |  | $ | 332,671 |  |  | $ | 109,257 |
Allocation to Noncontrolling Interests – Operating Partnership |  |  | (11,535 | ) |  |  | (3,919 | )
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (12,530 | ) |  |  | (799 | )
Preferred distributions |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per share – basic |  | $ | 307,833 |  |  | $ | 103,766 |
Numerator for net income per share – diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 332,671 |  |  | $ | 109,257 |
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (12,530 | ) |  |  | (799 | )
Preferred distributions |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per share – diluted |  | $ | 319,368 |  |  | $ | 107,685 |
Denominator for net income per share – basic and diluted: |  |  |  |  |  |  |  |
Denominator for net income per share – basic |  |  | 371,582 |  |  |  | 369,558 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
OP Units |  |  | 13,004 |  |  |  | 12,919 |
Long-term compensation shares/units |  |  | 2,363 |  |  |  | 2,707 |
Denominator for net income per share – diluted |  |  | 386,949 |  |  |  | 385,184 |
Net income per share – basic |  | $ | 0.83 |  |  | $ | 0.28 |
Net income per share – diluted |  | $ | 0.83 |  |  | $ | 0.28 |
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, |
|  | 2020 |  |  | 2019 |
Numerator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |
Net income |  | $ | 332,671 |  |  | $ | 109,257 |
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (12,530 | ) |  |  | (799 | )
Allocation to Preference Units |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per Unit – basic and diluted |  | $ | 319,368 |  |  | $ | 107,685 |
Denominator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |
Denominator for net income per Unit – basic |  |  | 384,586 |  |  |  | 382,477 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units |  |  | 2,363 |  |  |  | 2,707 |
Denominator for net income per Unit – diluted |  |  | 386,949 |  |  |  | 385,184 |
Net income per Unit – basic |  | $ | 0.83 |  |  | $ | 0.28 |
Net income per Unit – diluted |  | $ | 0.83 |  |  | $ | 0.28 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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