XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Earnings Per Common Share | 3 Months Ended
--- | ---
Mar. 31, 2017
Earnings Per Common Share |
Earnings Per Common Share | NOTE 14. Earnings Per Common 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,
|  | 2017 |  | 2016
Numerator |  |  |  |  |  |
Net income from continuing operations |  | $ | 464,177 |  | $ | 51,337
Noncontrolling interests’ share in earnings |  |  | (3,032) |  |  | (3,626)
Net income attributable to HCP, Inc. |  |  | 461,145 |  |  | 47,711
Participating securities’ share in earnings |  |  | (770) |  |  | (357)
Income from continuing operations applicable to common shares |  |  | 460,375 |  |  | 47,354
Discontinued operations |  |  | — |  |  | 68,408
Net income applicable to common shares |  | $ | 460,375 |  | $ | 115,762
Numerator - Dilutive |  |  |  |  |  |
Net income applicable to common shares |  | $ | 460,375 |  | $ | 115,762
Add: distributions on dilutive convertible units |  |  | 2,803 |  |  | —
Dilutive net income available to common shares |  | $ | 463,178 |  | $ | 115,762
Denominator |  |  |  |  |  |
Basic weighted average common shares |  |  | 468,299 |  |  | 466,074
Dilutive potential common shares - equity awards |  |  | 229 |  |  | 188
Dilutive potential common shares - DownREIT units |  |  | 6,645 |  |  | —
Diluted weighted average common shares |  |  | 475,173 |  |  | 466,262
Basic earnings per common share |  |  |  |  |  |
Continuing operations |  | $ | 0.98 |  | $ | 0.10
Discontinued operations |  |  | — |  |  | 0.15
Net income applicable to common shares |  | $ | 0.98 |  | $ | 0.25
Diluted earnings per common share |  |  |  |  |  |
Continuing operations |  | $ | 0.97 |  | $ | 0.10
Discontinued operations |  |  | — |  |  | 0.15
Net income applicable to common shares |  | $ | 0.97 |  | $ | 0.25
Restricted stock and certain performance restricted stock units are considered participating securities, because dividend payments are not forfeited even if the underlying award does not vest, and require use of the two-class method when computing basic and diluted earnings per share. Options to purchase 1 million shares of common stock were excluded from the computation of diluted earnings per share for both the three months ended March 31, 2017 and 2016 because they are anti-dilutive. Additionally, 6 million shares, issuable upon conversion of 4 million DownREIT units during the three months ended March 31, 2016, 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=64863997&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=64863997&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=65016374&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=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration