XML 24 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings (loss) per share
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings (loss) per share
Earnings (loss) per share
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 from the DaVita HealthCare Partners merger 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 and unvested stock units (under the treasury stock method) as well as contingently returnable shares held in escrow.
The reconciliations of the numerators and denominators used to calculate basic and diluted earnings per share were as follows:
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
 
2017
 
2016
 
2017
 
2016
 
Basic:
 

 
 

 
 
 
 
 
Net (loss) income attributable to DaVita Inc.
$
(214,476
)
 
$
571,332

 
$
360,222

 
$
722,148

 
Weighted average shares outstanding during the period
191,078

 
205,955

 
192,964

 
206,401

 
Contingently returnable shares held in escrow from the DaVita
HealthCare Partners merger
(2,194
)
 
(2,194
)
 
(2,194
)
 
(2,194
)
 
Weighted average shares for basic earnings per share calculation
188,884

 
203,761

 
190,770

 
204,207

 
Basic net (loss) income per share attributable to DaVita Inc.
$
(1.14
)
 
$
2.80

 
$
1.89

 
$
3.54

 
Diluted:
 

 
 

 
 

 
 

 
Net (loss) income attributable to DaVita Inc.
$
(214,476
)
 
$
571,332

 
$
360,222

 
$
722,148

 
Weighted average shares outstanding during the period
191,078

 
205,955

 
192,964

 
206,401

 
Contingently returnable shares held in escrow from the DaVita
HealthCare Partners merger
(2,194
)
 
—

 
—

 
—

 
Assumed incremental shares from stock plans
—

 
1,006

 
582

 
1,243

 
Weighted average shares for diluted earnings per share calculation
188,884

 
206,961

 
193,546

 
207,644

 
Diluted net (loss) income per share attributable to DaVita Inc.
$
(1.14
)
 
$
2.76

 
$
1.86

 
$
3.48

 
Anti-dilutive potential common shares excluded from calculation
8,510

(1) 
2,375

(2) 
5,239

(2) 
2,153

(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 attributable to DaVita Inc.
(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.