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COMPUTATION OF NET INCOME PER COMMON SHARE | 3 Months Ended
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Mar. 31, 2024
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:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |  |  |
NUMERATOR: |  |  |  |  |  |  |  |  |
Net income | $ | 68,960 |  |  | $ | 59,969 |  |  |  |  |  |  |
Less: net income attributable to noncontrolling interests | 125 |  |  | 117 |  |  |  |  |  |  |
Net income attributable to The Ensign Group, Inc. | $ | 68,835 |  |  | $ | 59,852 |  |  |  |  |  |  |
DENOMINATOR: |  |  |  |  |  |  |  |  |
Weighted average shares outstanding for basic net income per share | 56,337 |  |  | 55,300 |  |  |  |  |  |  |
Basic net income per common share: | $ | 1.22 |  |  | $ | 1.08 |  |  |  |  |  |  |
A reconciliation of the numerator and denominator used in the calculation of diluted net income per common share follows:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |  |  |
NUMERATOR: |  |  |  |  |  |  |  |  |
Net income | $ | 68,960 |  |  | $ | 59,969 |  |  |  |  |  |  |
Less: net income attributable to noncontrolling interests | 125 |  |  | 117 |  |  |  |  |  |  |
Net income attributable to The Ensign Group, Inc. | $ | 68,835 |  |  | $ | 59,852 |  |  |  |  |  |  |
DENOMINATOR: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding | 56,337 |  |  | 55,300 |  |  |  |  |  |  |
Plus: incremental shares from assumed conversion (1) | 1,584 |  |  | 1,798 |  |  |  |  |  |  |
Adjusted weighted average common shares outstanding | 57,921 |  |  | 57,098 |  |  |  |  |  |  |
Diluted net income per common share: | $ | 1.19 |  |  | $ | 1.05 |  |  |  |  |  |  |
(1) Options outstanding which are anti-dilutive and therefore not factored into the weighted average common shares amount above were 1,143 and 1,178 for the three months ended March 31, 2024 and 2023, respectively.

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