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 their 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,
	2026		2025		2026		2025


Net income attributable to DaVita Inc.	$	265,397	$	199,337	$	462,927	$	362,254

Weighted average shares outstanding:
Basic shares	64,781		75,943		66,078		77,646
Assumed incremental from stock plans	1,311		1,419		1,398		1,663
Diluted shares	66,092		77,362		67,476		79,309



Basic net income per share attributable to DaVita Inc.	$	4.10	$	2.62	$	7.01	$	4.67



Diluted net income per share attributable to DaVita Inc.	$	4.02	$	2.58	$	6.86	$	4.57

Anti-dilutive stock-settled awards excluded from calculation(1)	102		266		247		226

(1)Shares associated with stock plans excluded from the diluted denominator calculation because they were anti-dilutive under the treasury stock method.