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Earnings Per Share
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

4.

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, 2022 and 2021 (in thousands, except per share amounts):

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

   Acadia Healthcare Company, Inc.

 

$

80,079

 

 

$

44,514

 

 

$

140,916

 

 

$

66,872

 

Loss from discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(12,641

)

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

80,079

 

 

$

44,514

 

 

$

140,916

 

 

$

54,231

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding for basic

   earnings per share

 

 

89,724

 

 

 

88,842

 

 

 

89,492

 

 

 

88,543

 

Effects of dilutive instruments

 

 

1,749

 

 

 

1,748

 

 

 

2,012

 

 

 

1,838

 

Shares used in computing diluted earnings per

   common share

 

 

91,473

 

 

 

90,590

 

 

 

91,504

 

 

 

90,381

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

    Acadia Healthcare Company, Inc.

 

$

0.89

 

 

$

0.50

 

 

$

1.57

 

 

$

0.76

 

Loss from discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(0.15

)

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

0.89

 

 

$

0.50

 

 

$

1.57

 

 

$

0.61

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share attributable to Acadia

   Healthcare Company, Inc. stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to

    Acadia Healthcare Company, Inc.

 

$

0.88

 

 

$

0.49

 

 

$

1.54

 

 

$

0.74

 

Loss from discontinued operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(0.14

)

Net income attributable to Acadia Healthcare

    Company, Inc.

 

$

0.88

 

 

$

0.49

 

 

$

1.54

 

 

$

0.60

 

 

Approximately 0.6 million and 0.4 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 six months ended June 30, 2022 and 2021, because their effect would have been anti-dilutive.