XML 31 R12.htm IDEA: XBRL DOCUMENT v3.24.0.1
COMPUTATION OF NET INCOME PER COMMON SHARE
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
COMPUTATION OF NET INCOME PER COMMON SHARE COMPUTATION OF NET INCOME PER COMMON SHARE
Basic net income per share is computed by dividing income from operations attributable to stockholders of The Ensign Group, Inc. by the weighted average number of outstanding common shares for the period. The computation of diluted net income per share is similar to the computation of basic net income per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued.
A reconciliation of the numerator and denominator used in the calculation of basic net income per common share follows:
Year Ended December 31,
 202320222021
NUMERATOR:
Net income$209,850 $224,652 $197,725 
Less: net income (loss) attributable to noncontrolling interests 451 (29)3,073 
Net income attributable to The Ensign Group, Inc. $209,399 $224,681 $194,652 
DENOMINATOR:
Weighted average shares outstanding for basic net income per share55,708 54,887 54,486 
Basic net income per common share:$3.76 $4.09 $3.57 

A reconciliation of the numerator and denominator used in the calculation of diluted net income per common share follows:

Year Ended December 31,
 202320222021
NUMERATOR:
Net income $209,850 $224,652 $197,725 
Less: net income (loss) attributable to noncontrolling interests451 (29)3,073 
Net income attributable to The Ensign Group, Inc. $209,399 $224,681 $194,652 
DENOMINATOR:
Weighted average common shares outstanding55,708 54,887 54,486 
Plus: incremental shares from assumed conversion (1)
1,615 1,984 2,439 
Adjusted weighted average common shares outstanding57,323 56,871 56,925 
Diluted net income per common share:$3.65 $3.95 $3.42 
(1) Options outstanding which are anti-dilutive and therefore not factored into the weighted average common shares amount above were 1,429, 780 and 198 for the years ended December 31, 2023, 2022 and 2021, respectively.