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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2014
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 (in thousands, except per share amounts):

 

 

 

Three Months Ended March 31,

 

 

 

2014

 

2013

 

Numerator

 

 

 

 

 

Income from continuing operations

 

$

233,877

 

$

231,552

 

Noncontrolling interests’ share in continuing operations

 

(3,335

)

(3,199

)

Income from continuing operations applicable to HCP, Inc.

 

230,542

 

228,353

 

Participating securities’ share in continuing operations

 

(1,064

)

(478

)

Income from continuing operations applicable to common shares

 

229,478

 

227,875

 

Discontinued operations

 

29,746

 

2,232

 

Noncontrolling interests’ share in discontinued operations

 

(1,177

)

—

 

Net income applicable to common shares

 

$

258,047

 

$

230,107

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

Basic weighted average common shares

 

457,294

 

453,651

 

Dilutive potential common shares

 

380

 

962

 

Diluted weighted average common shares

 

457,674

 

454,613

 

 

 

 

 

 

 

Basic earnings per common share

 

 

 

 

 

Income from continuing operations

 

$

0.50

 

$

0.50

 

Discontinued operations

 

0.06

 

0.01

 

Net income applicable to common shares

 

$

0.56

 

$

0.51

 

 

 

 

 

 

 

Diluted earnings per common share

 

 

 

 

 

Income from continuing operations

 

$

0.50

 

$

0.50

 

Discontinued operations

 

0.06

 

0.01

 

Net income applicable to common shares

 

$

0.56

 

$

0.51