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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2021 and 2020 (in thousands, except per share amounts):

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

   Acadia Healthcare Company, Inc.

 

$

44,514

 

 

$

27,038

 

 

$

66,872

 

 

$

45,412

 

Income (loss) from discontinued operations

 

 

 

 

 

14,041

 

 

 

(12,641

)

 

 

29,130

 

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

44,514

 

 

$

41,079

 

 

$

54,231

 

 

$

74,542

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding for basic

   earnings per share

 

 

88,842

 

 

 

87,872

 

 

 

88,543

 

 

 

87,818

 

Effects of dilutive instruments

 

 

1,748

 

 

 

736

 

 

 

1,838

 

 

 

410

 

Shares used in computing diluted earnings per

   common share

 

 

90,590

 

 

 

88,608

 

 

 

90,381

 

 

 

88,228

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

    Acadia Healthcare Company, Inc.

 

$

0.50

 

 

$

0.31

 

 

$

0.76

 

 

$

0.52

 

Income (loss) from discontinued operations

 

 

 

 

 

0.16

 

 

 

(0.15

)

 

 

0.33

 

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

0.50

 

 

$

0.47

 

 

$

0.61

 

 

$

0.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

    Acadia Healthcare Company, Inc.

 

$

0.49

 

 

$

0.31

 

 

$

0.74

 

 

$

0.51

 

Income (loss) from discontinued operations

 

 

 

 

 

0.15

 

 

 

(0.14

)

 

 

0.33

 

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

0.49

 

 

$

0.46

 

 

$

0.60

 

 

$

0.84