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Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share

5.

Earnings Per Share

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

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

   Acadia Healthcare Company, Inc.

 

$

66,126

 

 

$

36,324

 

 

$

132,998

 

 

$

81,736

 

Income (loss) from discontinued operations

 

 

—

 

 

 

674

 

 

 

(12,641

)

 

 

29,804

 

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

66,126

 

 

$

36,998

 

 

$

120,357

 

 

$

111,540

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding for basic

   earnings per share

 

 

88,962

 

 

 

87,911

 

 

 

88,684

 

 

 

87,849

 

Effects of dilutive instruments

 

 

1,927

 

 

 

945

 

 

 

1,920

 

 

 

600

 

Shares used in computing diluted earnings per

   common share

 

 

90,889

 

 

 

88,856

 

 

 

90,604

 

 

 

88,449

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

    Acadia Healthcare Company, Inc.

 

$

0.74

 

 

$

0.41

 

 

$

1.50

 

 

$

0.93

 

Income (loss) from discontinued operations

 

 

—

 

 

 

0.01

 

 

 

(0.14

)

 

 

0.34

 

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

0.74

 

 

$

0.42

 

 

$

1.36

 

 

$

1.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

    Acadia Healthcare Company, Inc.

 

$

0.73

 

 

$

0.41

 

 

$

1.47

 

 

$

0.92

 

Income (loss) from discontinued operations

 

 

—

 

 

 

0.01

 

 

 

(0.14

)

 

 

0.34

 

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

0.73

 

 

$

0.42

 

 

$

1.33

 

 

$

1.26

 

 

Approximately 0.3 million and 2.0 million shares of common stock issuable upon exercise of outstanding stock option awards were excluded from the calculation of diluted earnings per share for the three months ended September 30, 2021 and 2020, respectively, because their effect would have been anti-dilutive. Approximately 0.4 million and 2.1 million shares of common stock issuable upon exercise of outstanding stock option awards were excluded from the calculation of diluted earnings per share for the nine months ended September 30, 2021 and 2020, respectively, because their effect would have been anti-dilutive.