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Earnings Per Share
 3 Months Ended
Mar. 31, 2024
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, 2024 and 2023 (in thousands, except per share amounts):

 

 

 

Three Months Ended
March 31,

 

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net income attributable to Acadia Healthcare Company, Inc.

 

$

76,383

 

 

$

66,015

 

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding for basic earnings per share

 

 

91,363

 

 

 

90,101

 

Effects of dilutive instruments

 

 

647

 

 

 

1,290

 

Shares used in computing diluted earnings per common share

 

 

92,010

 

 

 

91,391

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Basic

 

$

0.84

 

 

$

0.73

 

Diluted

 

$

0.83

 

 

$

0.72

 

Approximately 0.3 million and 0.5 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, 2024 and 2023, respectively, because their effect would have been anti-dilutive.