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Quarterly Information (Unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (Unaudited)

20. Quarterly Information (Unaudited)

The tables below present summarized unaudited quarterly results of operations for the years ended December 31, 2019 and 2018. Management believes that all necessary adjustments have been included in the amounts stated below for a fair presentation of the results of operations for the periods presented when read in conjunction with the Company’s consolidated financial statements for the years ended December 31, 2019 and 2018. Results of operations for a particular quarter are not necessarily indicative of results of operations for an annual period and are not predictive of future periods.

 

 

 

Quarter Ended

 

 

 

 

March 31,

 

 

June 30,

 

 

September 30,

 

 

December 31,

 

 

 

 

(In thousands except per share amounts)

 

 

2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

760,617

 

 

$

789,362

 

 

$

777,251

 

 

$

780,232

 

 

Income before income taxes

 

$

36,871

 

 

$

59,805

 

 

$

49,560

 

 

$

(10,248

)

 

Net income attributable to Acadia

Healthcare Company, Inc. stockholders

 

$

29,471

 

 

$

48,140

 

 

$

42,566

 

 

$

(11,254

)

(1)

Basic earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders

 

$

0.34

 

 

$

0.55

 

 

$

0.49

 

 

$

(0.13

)

(1)

Diluted earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders

 

$

0.34

 

 

$

0.55

 

 

$

0.48

 

 

$

(0.13

)

(1)

2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

742,241

 

 

$

765,738

 

 

$

760,916

 

 

$

743,547

 

 

Income (loss) before income taxes

 

$

48,088

 

 

$

69,258

 

 

$

55,036

 

 

$

(341,336

)

 

Net income (loss) attributable to Acadia

Healthcare Company, Inc. stockholders

 

$

50,819

 

(2)

$

58,836

 

 

$

46,232

 

 

$

(331,637

)

(3)

Basic earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders

 

$

0.58

 

(2)

$

0.67

 

 

$

0.53

 

 

$

(3.80

)

(3)

Diluted earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders

 

$

0.58

 

(2)

$

0.67

 

 

$

0.53

 

 

$

(3.80

)

(3)

 

(1)

Includes a loss on impairment of $54.4 million.

(2)

Includes tax benefits of $10.5 million pursuant to a change in the Company’s provisional amounts recorded at December 31, 2017 related to the enactment of the Tax Act. 

(3)

Includes loss on impairment of $337.9 million and legal settlements expense of $22.1 million.