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Long-term incentive compensation and shareholders' equity (Tables)
12 Months Ended
Dec. 31, 2016
Share Based Compensation [Abstract]  
Summary of Status of Awards Under Stock-Based Compensation Plans and Agreements

A combined summary of the status of the Company’s stock-settled awards under the 2011 Plan, including base shares for stock-settled stock appreciation rights and stock-settled stock unit awards is as follows:

 

 

 

Year ended December 31, 2016

 

 

 

Stock appreciation rights

 

 

Stock units

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

average

 

 

average

 

 

 

 

 

 

average

 

 

 

 

 

 

 

exercise

 

 

remaining

 

 

 

 

 

 

remaining

 

 

 

Awards

 

 

price

 

 

contractual life

 

 

Awards

 

 

contractual life

 

Outstanding at beginning of year

 

 

8,533,561

 

 

$

59.05

 

 

 

 

 

 

 

765,060

 

 

 

 

 

Granted

 

 

1,280,034

 

 

 

73.40

 

 

 

 

 

 

 

328,457

 

 

 

 

 

Exercised

 

 

(2,031,593

)

 

 

45.35

 

 

 

 

 

 

 

(280,197

)

 

 

 

 

Cancelled

 

 

(444,736

)

 

 

66.50

 

 

 

 

 

 

 

(27,767

)

 

 

 

 

Outstanding at end of period

 

 

7,337,266

 

 

$

64.90

 

 

 

2.2

 

 

 

785,553

 

 

 

1.9

 

Exercisable at end of period

 

 

3,026,721

 

 

$

56.83

 

 

 

1.1

 

 

 

 

 

 

 

Weighted-average fair value of grants in 2016

 

$

13.74

 

 

 

 

 

 

 

 

 

 

$

70.99

 

 

 

 

 

Weighted-average fair value of grants in 2015

 

$

17.97

 

 

 

 

 

 

 

 

 

 

$

80.25

 

 

 

 

 

Weighted-average fair value of grants in 2014

 

$

16.41

 

 

 

 

 

 

 

 

 

 

$

72.24

 

 

 

 

 

 

Summary of Range of Exercise Prices

 

 

 

Awards

 

 

Weighted average

 

 

Awards

 

 

Weighted average

 

Range of SSAR base prices

 

outstanding

 

 

exercise price

 

 

exercisable

 

 

exercise price

 

$30.01–$40.00

 

 

16,000

 

 

 

39.89

 

 

 

16,000

 

 

 

39.89

 

$40.01–$50.00

 

 

267,621

 

 

 

44.44

 

 

 

267,621

 

 

 

44.44

 

$50.01–$60.00

 

 

3,489,398

 

 

 

57.53

 

 

 

2,420,035

 

 

 

56.84

 

$60.01–$70.00

 

 

1,306,049

 

 

 

67.46

 

 

 

232,816

 

 

 

65.04

 

$70.01–$80.00

 

 

1,581,487

 

 

 

74.76

 

 

 

50,806

 

 

 

70.44

 

$80.01–$90.00

 

 

676,711

 

 

 

83.60

 

 

 

39,443

 

 

 

81.51

 

Total

 

 

7,337,266

 

 

$

64.90

 

 

 

3,026,721

 

 

$

56.83

 

 

Summary of Weighted Average Valuation Inputs

A summary of the weighted average valuation inputs described above used for estimating the grant-date fair value of stock-settled stock appreciation rights awards granted in the periods indicated is as follows:

 

 

 

Year ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Expected term

 

4.2 years

 

 

4.1 years

 

 

4.2 years

 

Expected volatility

 

 

21.0

%

 

 

24.6

%

 

 

25.8

%

Expected dividend yield

 

 

0.0

%

 

 

0.0

%

 

 

0.0

%

Risk-free interest rate

 

 

1.0

%

 

 

1.5

%

 

 

1.5

%

 

Effects of Changes in DaVita Inc's Ownership Interest on Company's Equity

The effects of changes in DaVita Inc.’s ownership interest on the Company’s equity are as follows:

 

 

 

Year ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Net income attributable to DaVita Inc.

 

$

879,874

 

 

$

269,732

 

 

$

723,114

 

Increase in paid-in capital for sales of

   noncontrolling interest

 

 

 

 

 

 

 

 

355

 

Decrease in paid-in capital for the purchase of noncontrolling

   interests

 

 

(13,105

)

 

 

(55,826

)

 

 

(5,357

)

Net transfer to noncontrolling interests

 

 

(13,105

)

 

 

(55,826

)

 

 

(5,002

)

Change from net income attributable to DaVita Inc. and transfers to noncontrolling interests

 

$

866,769

 

 

$

213,906

 

 

$

718,112