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Earnings Per Common Share (Tables) | 12 Months Ended
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Dec. 31, 2013
Earnings Per Common Share |
Computation of basic and diluted earnings per share | The following table illustrates the computation of basic and diluted earnings per share (dollars in thousands, except per share data):
|  | Year Ended December 31, |
--- | --- | --- | ---
|  | 2013 |  | 2012 |  | 2011 |
Numerator |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 910,633 |  | $ | 801,190 |  | $ | 536,130 |
Noncontrolling interests' share in continuing operations |  |  | (14,110 | ) |  | (12,411 | ) |  | (15,484 | )
Income from continuing operations applicable to HCP, Inc. |  |  | 896,523 |  |  | 788,779 |  |  | 520,646 |
Preferred stock dividends |  |  | — |  |  | (17,006 | ) |  | (21,130 | )
Participating securities' share in continuing operations |  |  | (1,734 | ) |  | (3,245 | ) |  | (2,459 | )
Income from continuing operations applicable to common shares |  |  | 894,789 |  |  | 768,528 |  |  | 497,057 |
Discontinued operations |  |  | 74,373 |  |  | 45,652 |  |  | 18,364 |
Noncontrolling interests' share in discontinued operations |  |  | (59 | ) |  | (1,891 | ) |  | (119 | )
Net income applicable to common shares |  | $ | 969,103 |  | $ | 812,289 |  | $ | 515,302 |
Denominator |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 455,002 |  |  | 427,047 |  |  | 398,446 |
Dilutive potential common shares |  |  | 700 |  |  | 1,269 |  |  | 1,772 |
Diluted weighted average common shares |  |  | 455,702 |  |  | 428,316 |  |  | 400,218 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 1.97 |  | $ | 1.80 |  | $ | 1.25 |
Discontinued operations |  |  | 0.16 |  |  | 0.10 |  |  | 0.04 |
Net income applicable to common stockholders |  | $ | 2.13 |  | $ | 1.90 |  | $ | 1.29 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 1.97 |  | $ | 1.80 |  | $ | 1.25 |
Discontinued operations |  |  | 0.16 |  |  | 0.10 |  |  | 0.04 |
Net income applicable to common shares |  | $ | 2.13 |  | $ | 1.90 |  | $ | 1.29 |

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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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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