XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.25.3

COMPUTATION OF NET INCOME PER COMMON SHARE | 9 Months Ended
--- | ---
Sep. 30, 2024
Earnings Per Share [Abstract] |
COMPUTATION OF NET INCOME PER COMMON SHARE | COMPUTATION OF NET INCOME PER COMMON SHARE Basic net income per share is calculated by dividing net income attributable to the common stockholders by the weighted-average shares of Common Stock outstanding for the period. The computation of diluted net income per share is similar to the computation of basic net income per share, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the dilutive potential shares of common stock had been issued, which are comprised of restricted stock units using the treasury stock method. 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 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration