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Quarterly Results | 12 Months Ended
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Dec. 31, 2011
Quarterly Results [Abstract] |
Quarterly Results | 12) QUARTERLY RESULTS (unaudited) The following tables summarize the quarterly financial data for the two years ended December 31, 2011 and 2010:
2011 |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Total |
|  | (amounts in thousands, except per share amounts) |
Net revenues |  | $ | 1,910,528 |  |  | $ | 1,902,234 |  |  | $ | 1,848,662 |  |  | $ | 1,838,774 |  |  | $ | 7,500,198 |
Net income |  | $ | 129,987 |  |  | $ | 116,034 |  |  | $ | 94,842 |  |  | $ | 108,007 |  |  | $ | 448,870 |
Less: Net income attributable to noncontrolling interests |  | $ | 15,794 |  |  | $ | 12,385 |  |  | $ | 9,788 |  |  | $ | 12,736 |  |  | $ | 50,703 |
Net income attributable to UHS |  | $ | 114,193 |  |  | $ | 103,649 |  |  | $ | 85,054 |  |  | $ | 95,271 |  |  | $ | 398,167 |
Earnings per share attributable to UHS-Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total basic earnings per share |  | $ | 1.17 |  |  | $ | 1.06 |  |  | $ | 0.87 |  |  | $ | 0.99 |  |  | $ | 4.09 |
Earnings per share attributable to UHS-Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total diluted earnings per share |  | $ | 1.15 |  |  | $ | 1.04 |  |  | $ | 0.86 |  |  | $ | 0.98 |  |  | $ | 4.04 |
The 2011 quarterly financial data presented above includes the following: Fourth Quarter:
| • |  | (i) a favorable $10.4 million pre-tax reduction ($6.4 million, or $.07 per diluted share, net of taxes) to our professional and general liability self-insurance reserves relating to years prior to 2011, as discussed in Self-Insured Risks.
2010 |  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |  |  | Total |
|  | (amounts in thousands, except per share amounts) |
Net revenues |  | $ | 1,347,153 |  |  | $ | 1,338,315 |  |  | $ | 1,323,264 |  |  | $ | 1,559,453 |  |  | $ | 5,568,185 |
Net income |  | $ | 82,762 |  |  | $ | 76,415 |  |  | $ | 65,802 |  |  | $ | 50,816 |  |  | $ | 275,795 |
Less: Net income attributable to noncontrolling interests |  | $ | 10,943 |  |  | $ | 10,843 |  |  | $ | 10,192 |  |  | $ | 13,634 |  |  | $ | 45,612 |
Net income attributable to UHS |  | $ | 71,819 |  |  | $ | 65,572 |  |  | $ | 55,610 |  |  | $ | 37,182 |  |  | $ | 230,183 |
Earnings per share attributable to UHS-Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total basic earnings per share |  | $ | 0.74 |  |  | $ | 0.68 |  |  | $ | 0.57 |  |  | $ | 0.38 |  |  | $ | 2.37 |
Earnings per share attributable to UHS-Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total diluted earnings per share |  | $ | 0.73 |  |  | $ | 0.67 |  |  | $ | 0.57 |  |  | $ | 0.38 |  |  | $ | 2.34 |
The 2010 quarterly financial data presented above includes the following: Second Quarter:
| • |  | (i) a favorable $16.4 million pre-tax reduction ($10.2 million, or $.10 per diluted share, net of taxes) to our professional and general liability self-insurance reserves relating to years prior to 2010, as discussed in Self-Insured Risks, and; (ii) $18.2 million of pre-tax transaction costs ($11.3 million, or $.11 per diluted share, net of taxes) recorded in connection with our acquisition of Psychiatric Solutions, Inc. ("PSI") and;
Third Quarter:
| • |  | (i) $3.9 million of pre-tax transaction costs ($2.4 million, or $.02 per diluted share, net of taxes) recorded in connection with our acquisition of "PSI" and; (ii) a favorable $4.3 million ($.04 per diluted share) discrete tax item recorded in connection with a settlement payment made to the government in connection with the investigation of our South Health Systems affiliates, and;
Fourth Quarter:
| • |  | (i) a favorable $32.6 million pre-tax reduction ($17.9 million, or $.18 per diluted share, net of taxes) to our professional and general liability self-insurance reserves relating to years prior to 2010, as discussed in Self-Insured Risks, and; (ii) $31.1 million of pre-tax transaction costs ($24.9 million, or $.25 per diluted share, net of taxes) recorded in connection with our acquisition of "PSI" and; (iii) an unfavorable $6.7 million pre-tax ($4.1 million, or .$04 per diluted share, net of taxes) charge to write-off certain costs related to an acute care hospital construction project and; (iv) an unfavorable $9.2 million ($.09 per diluted share) charge in connection with split-dollar life insurance agreements on the lives of our Chief Executive Officer and his wife.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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