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Earnings Per Share
 3 Months Ended
Mar. 31, 2023
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 months ended March 31, 2023 and 2022 (in thousands, except per share amounts):

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net income attributable to Acadia Healthcare Company, Inc.

 

$

66,015

 

 

$

60,837

 

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding for basic earnings per share

 

 

90,101

 

 

 

89,258

 

Effects of dilutive instruments

 

 

1,290

 

 

 

1,754

 

Shares used in computing diluted earnings per common share

 

 

91,391

 

 

 

91,012

 

 

 

 

 

 

 

 

Earnings per share attributable to Acadia Healthcare
     Company, Inc. stockholders:

 

 

 

 

 

 

Basic

 

$

0.73

 

 

$

0.68

 

Diluted

 

$

0.72

 

 

$

0.67

 

 

Approximately 0.5 million and 0.7 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 March 31, 2023 and 2022, respectively, because their effect would have been anti-dilutive.