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Earnings per share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings per share

2.

Earnings per share

Basic net income per share is calculated by dividing net income attributable to the Company, adjusted for any change in noncontrolling interest 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 (SSARs), 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 net income per share are as follows:

 

 

 

Year ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

(shares in thousands)

 

Basic:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to DaVita HealthCare

   Partners Inc.

 

$

269,732

 

 

$

723,114

 

 

$

620,197

 

Discontinued operations attributable to DaVita HealthCare Partners Inc.

 

 

—

 

 

 

—

 

 

 

13,249

 

Net income attributable to DaVita HealthCare Partners Inc. for basic

   earnings per share calculation

 

$

269,732

 

 

$

723,114

 

 

$

633,446

 

Weighted average shares outstanding during the period

 

 

214,062

 

 

 

214,496

 

 

 

212,128

 

Vested stock units

 

 

—

 

 

 

—

 

 

 

5

 

Contingently returnable shares held in escrow for the DaVita HealthCare

   Partners merger

 

 

(2,194

)

 

 

(2,194

)

 

 

(2,194

)

Weighted average shares for basic earnings per share calculation

 

 

211,868

 

 

 

212,302

 

 

 

209,939

 

Basic income from continuing operations per share attributable to

   DaVita HealthCare Partners Inc.

 

$

1.27

 

 

$

3.41

 

 

$

2.95

 

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.

 

$

1.27

 

 

$

3.41

 

 

$

3.02

 

Diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to DaVita

   HealthCare Partners Inc.

 

$

269,732

 

 

$

723,114

 

 

$

620,197

 

Discontinued operations attributable to DaVita HealthCare Partners Inc.

 

 

—

 

 

 

—

 

 

 

13,249

 

Net income attributable to DaVita HealthCare Partners Inc. for

   diluted earnings per share calculation

 

$

269,732

 

 

$

723,114

 

 

$

633,446

 

Weighted average shares outstanding during the period

 

 

214,062

 

 

 

214,496

 

 

 

212,128

 

Vested stock units

 

 

—

 

 

 

—

 

 

 

5

 

Assumed incremental shares from stock plans

 

 

2,190

 

 

 

2,432

 

 

 

2,631

 

Weighted average shares for diluted earnings per share calculation

 

 

216,252

 

 

 

216,928

 

 

 

214,764

 

Diluted income from continuing operations per share attributable

   to DaVita HealthCare Partners Inc.

 

$

1.25

 

 

$

3.33

 

 

$

2.89

 

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.

 

$

1.25

 

 

$

3.33

 

 

$

2.95

 

Anti-dilutive stock-settled awards excluded from calculation(1)

 

 

1,365

 

 

 

1,715

 

 

 

4,194

 

 

(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.