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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Numerator |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 222,279 |  | $ | 213,897 |  | $ | 456,156 |  | $ | 445,450 |
Noncontrolling interests’ share in continuing operations |  | (3,394 | ) | (3,245 | ) | (6,729 | ) | (6,379 | )
Income from continuing operations applicable to HCP, Inc. |  | 218,885 |  | 210,652 |  | 449,427 |  | 439,071 |
Participating securities’ share in continuing operations |  | (489 | ) | (378 | ) | (1,552 | ) | (856 | )
Income from continuing operations applicable to common shares |  | 218,396 |  | 210,274 |  | 447,875 |  | 438,215 |
Discontinued operations |  | — |  | 2,828 |  | 29,746 |  | 5,059 |
Noncontrolling interests’ share in discontinued operations |  | — |  | (79 | ) | (1,177 | ) | (144 | )
Net income applicable to common shares |  | $ | 218,396 |  | $ | 213,023 |  | $ | 476,444 |  | $ | 443,130 |
Denominator |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  | 458,247 |  | 454,618 |  | 457,773 |  | 454,137 |
Dilutive potential common shares |  | 341 |  | 813 |  | 361 |  | 887 |
Diluted weighted average common shares |  | 458,588 |  | 455,431 |  | 458,134 |  | 455,024 |
Basic earnings per common share |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.48 |  | $ | 0.46 |  | $ | 0.98 |  | $ | 0.96 |
Discontinued operations |  | — |  | 0.01 |  | 0.06 |  | 0.02 |
Net income applicable to common shares |  | $ | 0.48 |  | $ | 0.47 |  | $ | 1.04 |  | $ | 0.98 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.48 |  | $ | 0.46 |  | $ | 0.98 |  | $ | 0.96 |
Discontinued operations |  | — |  | 0.01 |  | 0.06 |  | 0.01 |
Net income applicable to common shares |  | $ | 0.48 |  | $ | 0.47 |  | $ | 1.04 |  | $ | 0.97 |

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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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