Earnings per share (Notes)

6 Months Ended

Jun. 30, 2020

Earnings per share

Basic earnings per share is calculated by dividing net income attributable to the Company by the weighted average number of common shares outstanding. Weighted average common shares outstanding include restricted stock unit awards that are no longer subject to forfeiture because the recipients have satisfied either the explicit vesting terms or retirement eligibility requirements.

Diluted earnings per share includes the dilutive effect of outstanding stock-settled stock appreciation rights and unvested stock units as computed under the treasury stock method.

The reconciliations of the numerators and denominators used to calculate basic and diluted earnings per share were as follows:



	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
Net income attributable to DaVita Inc. from:
Continuing operations	$	201,602	$	194,223	$	431,215	$	314,477
Discontinued operations	—		79,328		9,980		108,363
Net income attributable to DaVita Inc.	$	201,602	$	273,551	$	441,195	$	422,840

Weighted average shares - basic	122,074		166,346		123,485		166,367
Assumed incremental shares from stock plans	1,994		454		1,994		423
Weighted average shares - diluted	124,068		166,800		125,479		166,790

Basic net income attributable to DaVita Inc. from:
Continuing operations per share	$	1.65	$	1.17	$	3.49	$	1.89
Discontinued operations per share	—		0.47		0.08		0.65
Basic net income per share attributable to DaVita Inc.	$	1.65	$	1.64	$	3.57	$	2.54

Diluted net income attributable to DaVita Inc. from:
Continuing operations per share	$	1.62	$	1.16	$	3.44	$	1.89
Discontinued operations per share	—		0.48		0.08		0.65
Diluted net income per share attributable to DaVita Inc.	$	1.62	$	1.64	$	3.52	$	2.54

Anti-dilutive stock-settled awards excluded from calculations⁽¹⁾	3,216		5,797		3,211		5,974

(1)

Shares associated with stock-settled stock appreciation rights and performance stock units were excluded from the diluted denominator calculations because they are anti-dilutive under the treasury stock method.