| Reconciliations of Numerators and Denominators Used to Calculate Basic and Diluted Net Income Per Share |
The reconciliations of the numerators and denominators used to calculate basic and diluted net income per share are as follows:
|
|
|
Year ended December 31, |
|
|
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
|
|
(shares in thousands) |
|
|
Basic: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to DaVita HealthCare
Partners Inc. |
|
$ |
723,114 |
|
|
$ |
620,197 |
|
|
$ |
536,236 |
|
|
Discontinued operations attributable to DaVita HealthCare Partners Inc. |
|
|
— |
|
|
|
13,249 |
|
|
|
(219 |
) |
|
Net income attributable to DaVita HealthCare Partners Inc. for basic
earnings per share calculation |
|
$ |
723,114 |
|
|
$ |
633,446 |
|
|
$ |
536,017 |
|
|
Weighted average shares outstanding during the period |
|
|
214,496 |
|
|
|
212,128 |
|
|
|
192,396 |
|
|
Vested stock units |
|
|
— |
|
|
|
5 |
|
|
|
6 |
|
|
Contingently returnable shares held in escrow for the DaVita HealthCare
Partners merger |
|
|
(2,194 |
) |
|
|
(2,194 |
) |
|
|
(366 |
) |
|
Weighted average shares for basic earnings per share calculation |
|
|
212,302 |
|
|
|
209,939 |
|
|
|
192,036 |
|
|
Basic income from continuing operations per share attributable to
DaVita HealthCare Partners Inc. |
|
$ |
3.41 |
|
|
$ |
2.95 |
|
|
$ |
2.79 |
|
|
Basic income from discontinued operations per share attributable
to DaVita HealthCare Partners Inc. |
|
|
— |
|
|
|
0.07 |
|
|
|
— |
|
|
Basic net income per share attributable to DaVita HealthCare
Partners Inc. |
|
$ |
3.41 |
|
|
$ |
3.02 |
|
|
$ |
2.79 |
|
|
Diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to DaVita
HealthCare Partners Inc. |
|
$ |
723,114 |
|
|
$ |
620,197 |
|
|
$ |
536,236 |
|
|
Discontinued operations attributable to DaVita HealthCare Partners Inc. |
|
|
— |
|
|
|
13,249 |
|
|
|
(219 |
) |
|
Net income attributable to DaVita HealthCare Partners Inc. for
diluted earnings per share calculation |
|
$ |
723,114 |
|
|
$ |
633,446 |
|
|
$ |
536,017 |
|
|
Weighted average shares outstanding during the period |
|
|
214,496 |
|
|
|
212,128 |
|
|
|
192,396 |
|
|
Vested stock units |
|
|
— |
|
|
|
5 |
|
|
|
6 |
|
|
Assumed incremental shares from stock plans |
|
|
2,432 |
|
|
|
2,631 |
|
|
|
3,540 |
|
|
Weighted average shares for diluted earnings per share calculation |
|
|
216,928 |
|
|
|
214,764 |
|
|
|
195,942 |
|
|
Diluted income from continuing operations per share attributable
to DaVita HealthCare Partners Inc. |
|
$ |
3.33 |
|
|
$ |
2.89 |
|
|
$ |
2.74 |
|
|
Diluted income from discontinued operations per share attributable to
DaVita HealthCare Partners Inc. |
|
|
— |
|
|
|
0.06 |
|
|
|
— |
|
|
Diluted net income per share attributable to DaVita HealthCare
Partners Inc. |
|
$ |
3.33 |
|
|
$ |
2.95 |
|
|
$ |
2.74 |
|
|
Anti-dilutive stock-settled awards excluded from calculation(1) |
|
|
1,715 |
|
|
|
4,194 |
|
|
|
2,616 |
|
|
(1) |
Shares associated with stock-settled stock appreciation rights and stock options excluded from the diluted denominator calculation because they are anti-dilutive under the treasury stock method. | |