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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share 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 and six months ended June 30, 2017 and 2016 because they are anti-dilutive. Additionally, 7 million and 2 million shares, issuable upon conversion of 4 million and 2 million DownREIT units during the three months ended June 30, 2017 and June 30, 2016, were not included because they are anti-dilutive. For the six months ended June 30, 2017 and June 30, 2016, 2 million and 6 million shares, issuable upon conversion of 1 million and 4 million DownREIT units, were not included because they are anti-dilutive. 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,
| 2017 |  | 2016 |  | 2017 |  | 2016
Numerator |  |  |  |  |  |  |
Net income from continuing operations | $ | 22,101 |  |  | $ | 197,467 |  |  | $ | 486,278 |  |  | $ | 248,804 |
Noncontrolling interests' share in earnings | (2,718 | ) |  | (3,125 | ) |  | (5,750 | ) |  | (6,751 | )
Net income attributable to HCP, Inc. | 19,383 |  |  | 194,342 |  |  | 480,528 |  |  | 242,053 |
Less: Participating securities' share in earnings | (100 | ) |  | (342 | ) |  | (674 | ) |  | (651 | )
Income from continuing operations applicable to common shares | 19,283 |  |  | 194,000 |  |  | 479,854 |  |  | 241,402 |
Discontinued operations | — |  |  | 107,375 |  |  | — |  |  | 175,783 |
Net income applicable to common shares | $ | 19,283 |  |  | $ | 301,375 |  |  | $ | 479,854 |  |  | $ | 417,185 |
Numerator - Dilutive |  |  |  |  |  |  |  |  |
Net income applicable to common shares | $ | 19,283 |  |  | $ | 301,375 |  |  | $ | 479,854 |  |  | $ | 417,185 |
Add: distributions on dilutive convertible units and other | — |  |  | 2,388 |  |  | 3,655 |  |  | — |
Dilutive net income available to common shares | $ | 19,283 |  |  | $ | 303,763 |  |  | $ | 483,509 |  |  | $ | 417,185 |
Denominator |  |  |  |  |  |  |  |  |
Basic weighted average shares outstanding | 468,646 |  |  | 467,084 |  |  | 468,474 |  |  | 466,579 |
Dilutive potential common shares - equity awards | 193 |  |  | 208 |  |  | 195 |  |  | 198 |
Dilutive potential common shares - DownREIT conversions | — |  |  | 4,133 |  |  | 4,697 |  |  | — |
Diluted weighted average common shares | 468,839 |  |  | 471,425 |  |  | 473,366 |  |  | 466,777 |
Basic earnings per common share |  |  |  |  |  |  |
Continuing operations | $ | 0.04 |  |  | $ | 0.42 |  |  | $ | 1.02 |  |  | $ | 0.52 |
Discontinued operations | — |  |  | 0.23 |  |  | — |  |  | 0.37 |
Net income applicable to common shares | $ | 0.04 |  |  | $ | 0.65 |  |  | $ | 1.02 |  |  | $ | 0.89 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |
Continuing operations | $ | 0.04 |  |  | $ | 0.42 |  |  | $ | 1.02 |  |  | $ | 0.52 |
Discontinued operations | — |  |  | 0.22 |  |  | — |  |  | 0.37 |
Net income applicable to common shares | $ | 0.04 |  |  | $ | 0.64 |  |  | $ | 1.02 |  |  | $ | 0.89 |

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- 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
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