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COMPUTATION OF NET INCOME PER COMMON SHARE (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Summary of Reconciliation of the Numerator and Denominator Used in the Calculation of Basic Net Income Per Common Share | A reconciliation of the numerator and denominator used in the calculation of basic net income per common share follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income | $ | 16,210 |  |  | $ | 19,927 |  |  | $ | 19,153 |  |  | $ | 78,745 |
Less: net income attributable to noncontrolling interest | 590 |  |  | 2 |  |  | 594 |  |  | 5 |
Net income attributable to PACS Group, Inc. | $ | 15,620 |  |  | $ | 19,925 |  |  | $ | 18,559 |  |  | $ | 78,740 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 153,124,371 |  |  | 128,723,386 |  |  | 143,804,609 |  |  | 128,723,386 |
Basic net income per common share | $ | 0.10 |  |  | $ | 0.15 |  |  | $ | 0.13 |  |  | $ | 0.61 |
A reconciliation of the numerator and denominator used in the calculation of diluted net income per common share follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income | $ | 16,210 |  |  | $ | 19,927 |  |  | $ | 19,153 |  |  | $ | 78,745 |
Less: net income attributable to noncontrolling interest | 590 |  |  | 2 |  |  | 594 |  |  | 5 |
Net income attributable to PACS Group, Inc. | $ | 15,620 |  |  | $ | 19,925 |  |  | $ | 18,559 |  |  | $ | 78,740 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 153,124,371 |  |  | 128,723,386 |  |  | 143,804,609 |  |  | 128,723,386 |
Plus: effect of diluted shares | 5,328,960 |  |  | — |  |  | 1,933,274 |  |  | — |
Adjusted weighted average common shares outstanding | 158,453,331 |  |  | 128,723,386 |  |  | 145,737,883 |  |  | 128,723,386 |
Diluted net income per common share | $ | 0.10 |  |  | $ | 0.15 |  |  | $ | 0.13 |  |  | $ | 0.61 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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