XML 52 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of earnings per share
The following table reconciles the numerator and denominator in computing Hudson Pacific Properties, Inc.’s basic and diluted earnings per share for net income available to common stockholders:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income
$
6,954

 
$
4,035

 
$
31,107

 
$
10,011

Income attributable to preferred units
(159
)
 
(159
)
 
(318
)
 
(318
)
Income attributable to participating securities
(255
)
 
(196
)
 
(495
)
 
(393
)
Income attributable to non-controlling interest in consolidated entities
(2,974
)
 
(2,396
)
 
(6,011
)
 
(4,341
)
Income attributable to non-controlling units of the operating partnership
(13
)
 
(445
)
 
(215
)
 
(1,867
)
Basic and diluted net income available to common stockholders
$
3,553


$
839


$
24,068


$
3,092

Denominator:
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
155,290,559

 
95,145,496

 
151,640,853

 
92,168,432

Effect of dilutive instruments(1)
805,044

 
850,000

 
791,044

 
832,000

Diluted weighted average common shares outstanding
156,095,603

 
95,995,496

 
152,431,897

 
93,000,432

Basic earnings per common share
$
0.02

 
$
0.01

 
$
0.16

 
$
0.03

Diluted earnings per common share
$
0.02

 
$
0.01

 
$
0.16

 
$
0.03

________________
(1)
The Company includes unvested awards and convertible common units as contingently issuable shares in the computation of diluted earnings per share once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per share calculation.
The following table reconciles the numerator and denominator in computing Hudson Pacific Properties, L.P.’s basic and diluted earnings per unit for net income available to common unitholders:

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income
$
6,954

 
$
4,035

 
$
31,107

 
$
10,011

Income attributable to preferred units
(159
)
 
(159
)
 
(318
)
 
(318
)
Income attributable to participating securities
(255
)
 
(196
)
 
(495
)
 
(393
)
Income attributable to non-controlling interest in consolidated entities
(2,974
)
 
(2,396
)
 
(6,011
)
 
(4,341
)
Basic and diluted net income available to common unitholders
$
3,566

 
$
1,284

 
$
24,283

 
$
4,959

Denominator:
 
 
 
 
 
 
 
Basic weighted average common units outstanding
155,859,604

 
145,549,363

 
152,647,055

 
145,518,523

Effect of dilutive instruments(1)
805,044

 
850,000

 
791,045

 
832,000

Diluted weighted average common units outstanding
156,664,648

 
146,399,363

 
153,438,100

 
146,350,523

Basic earnings per common unit
$
0.02

 
$
0.01

 
$
0.16

 
$
0.03

Diluted earnings per common unit
$
0.02

 
$
0.01

 
$
0.16

 
$
0.03

________________
(1)
The operating partnership includes unvested awards as contingently issuable units in the computation of diluted earnings per unit once the market criteria are met, assuming that the end of the reporting period is the end of the contingency period. Any anti-dilutive securities are excluded from the diluted earnings per unit calculation.