Basic net income per share is calculated by dividing net income attributable to the Company, adjusted for any change in noncontrolling interests redemption rights in excess of fair value, by the weighted average number of common shares and vested stock units outstanding, net of shares held in escrow that under certain circumstances may be returned to the Company.
Diluted net income per share includes the dilutive effect of outstanding stock-settled stock appreciation rights, stock options and unvested stock units (under the treasury stock method) as well as shares held in escrow that the Company expects will remain outstanding.
The reconciliations of the numerators and denominators used to calculate basic and diluted earnings per share are as follows:
|
|
|
Three months ended |
|
|
|
|
|
March 31, |
|
|
|
|
|
2015 |
|
|
2014 |
|
|
|
Basic: |
|
|
|
|
|
|
|
|
|
|
Net (loss) income attributable to DaVita HealthCare
Partners Inc. |
|
$ |
(110,617 |
) |
|
$ |
183,289 |
|
|
|
Weighted average shares outstanding during the period |
|
|
215,581 |
|
|
|
213,564 |
|
|
|
Vested stock units |
|
|
— |
|
|
|
5 |
|
|
|
Contingently returnable shares held in escrow for the
DaVita HealthCare Partners merger |
|
|
(2,194 |
) |
|
|
(2,194 |
) |
|
|
Weighted average shares for basic earnings per share
calculation |
|
|
213,387 |
|
|
|
211,375 |
|
|
|
Basic net (loss) income per share attributable to
DaVita HealthCare Partners Inc. |
|
$ |
(0.52 |
) |
|
$ |
0.87 |
|
|
|
Diluted: |
|
|
|
|
|
|
|
|
|
|
Net (loss) income attributable to DaVita HealthCare
Partners Inc. |
|
$ |
(110,617 |
) |
|
$ |
183,289 |
|
|
|
Weighted average shares outstanding during the period |
|
|
215,581 |
|
|
|
213,564 |
|
|
|
Vested stock units |
|
|
— |
|
|
|
5 |
|
|
|
Contingently returnable shares held in escrow for the
DaVita HealthCare Partners merger |
|
|
(2,194 |
) |
|
|
— |
|
|
|
Assumed incremental shares from stock plans |
|
|
— |
|
|
|
2,550 |
|
|
|
Weighted average shares for diluted earnings per share
calculation |
|
|
213,387 |
|
|
|
216,119 |
|
|
|
Diluted net (loss) income per share attributable to
DaVita HealthCare Partners Inc. |
|
$ |
(0.52 |
) |
|
$ |
0.85 |
|
|
|
Anti-dilutive potential common shares excluded from
calculation |
|
|
5,992 |
|
(1) |
|
2,999 |
|
(2) |
______________
|
(1) |
Shares associated with stock-settled stock appreciation rights and contingently returnable shares that are excluded from the diluted denominator calculation because they are anti-dilutive due to the Company’s net loss. |
|
(2) |
Shares associated with stock-settled stock appreciation rights that are excluded from the diluted denominator calculation because they are anti-dilutive under the treasury stock method. |
|