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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
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,
| 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 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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