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Earnings Per Common Share (Tables) | 12 Months Ended
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Dec. 31, 2016
Earnings Per Common Share |
Computation of basic and diluted earnings per share (in thousands, except per share amounts) | The following table illustrates the computation of basic and diluted earnings per share (dollars in thousands, except per share data):
|  | Year Ended December 31, |
|  | 2016 |  | 2015 |  | 2014 |
Numerator |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 374,171 |  | $ | 152,668 |  | $ | 271,315 |
Noncontrolling interests’ share in continuing operations |  |  | (12,179) |  |  | (12,817) |  |  | (13,181) |
Income from continuing operations applicable to HCP, Inc. |  |  | 361,992 |  |  | 139,851 |  |  | 258,134 |
Participating securities’ share in continuing operations |  |  | (1,198) |  |  | (1,317) |  |  | (2,437) |
Income from continuing operations applicable to common shares |  |  | 360,794 |  |  | 138,534 |  |  | 255,697 |
Discontinued operations |  |  | 265,755 |  |  | (699,086) |  |  | 665,276 |
Noncontrolling interests’ share in discontinued operations |  |  | — |  |  | — |  |  | (1,177) |
Net income (loss) applicable to common shares |  | $ | 626,549 |  | $ | (560,552) |  | $ | 919,796 |
Denominator |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares |  |  | 467,195 |  |  | 462,795 |  |  | 458,425 |
Dilutive potential common shares |  |  | 208 |  |  | — |  |  | 371 |
Diluted weighted average common shares |  |  | 467,403 |  |  | 462,795 |  |  | 458,796 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.77 |  | $ | 0.30 |  | $ | 0.56 |
Discontinued operations |  |  | 0.57 |  |  | (1.51) |  |  | 1.45 |
Net income (loss) applicable to common shares |  | $ | 1.34 |  | $ | (1.21) |  | $ | 2.01 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.77 |  | $ | 0.30 |  | $ | 0.56 |
Discontinued operations |  |  | 0.57 |  |  | (1.51) |  |  | 1.44 |
Net income (loss) applicable to common shares |  | $ | 1.34 |  | $ | (1.21) |  | $ | 2.00 |

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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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