XML 44 R27.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Earnings Per Common Share | 12 Months Ended
--- | ---
Dec. 31, 2015
Earnings Per Common Share |
Earnings Per Common Share | NOTE 19. Earnings Per Common 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, |
|  | 2015 |  | 2014 |  | 2013 |
Numerator |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (546,418) |  | $ | 906,845 |  | $ | 910,633 |
Noncontrolling interests’ share in continuing operations |  |  | (12,817) |  |  | (13,181) |  |  | (14,110) |
(Loss) income from continuing operations applicable to HCP, Inc. |  |  | (559,235) |  |  | 893,664 |  |  | 896,523 |
Participating securities’ share in continuing operations |  |  | (1,317) |  |  | (2,437) |  |  | (1,734) |
(Loss) income from continuing operations applicable to common shares |  |  | (560,552) |  |  | 891,227 |  |  | 894,789 |
Discontinued operations |  |  | — |  |  | 29,746 |  |  | 74,373 |
Noncontrolling interests’ share in discontinued operations |  |  | — |  |  | (1,177) |  |  | (59) |
Net (loss) income applicable to common shares |  | $ | (560,552) |  | $ | 919,796 |  | $ | 969,103 |
Denominator |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 462,795 |  |  | 458,425 |  |  | 455,002 |
Dilutive potential common shares |  |  | — |  |  | 371 |  |  | 700 |
Diluted weighted average common shares |  |  | 462,795 |  |  | 458,796 |  |  | 455,702 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (1.21) |  | $ | 1.94 |  | $ | 1.97 |
Discontinued operations |  |  | — |  |  | 0.07 |  |  | 0.16 |
Net (loss) income applicable to common stockholders |  | $ | (1.21) |  | $ | 2.01 |  | $ | 2.13 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (1.21) |  | $ | 1.94 |  | $ | 1.97 |
Discontinued operations |  |  | — |  |  | 0.06 |  |  | 0.16 |
Net (loss) income applicable to common shares |  | $ | (1.21) |  | $ | 2.00 |  | $ | 2.13 |
Restricted stock and certain performance restricted stock units are considered participating securities, because dividend payments are not forfeited even if the underlying share-based award does not vest, and require the use of the two-class method when computing basic and diluted earnings per share. For the year ended December 31, 2015, the Company generated a net loss. T he weighted-average basic shares outstanding was used in calculating diluted loss per share from continuing operations, as using diluted shares would be anti-dilutive to loss per share. Options to purchase approximately 1.4 million and 800,000 shares of common stock that had exercise prices in excess of the average market price of the common stock during the years ended December 31, 2014 and 2013, respectively, were not included because they are anti-dilutive. Additionally, six million shares issuable upon conversion of four million DownREIT units during the years ended December 31, 2014 and 2013 were not included because they are anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration