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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,
2024202320242023
Numerator:
Net income$16,210 $19,927 $19,153 $78,745 
Less: net income attributable to noncontrolling interest590 2 594 5 
Net income attributable to PACS Group, Inc.$15,620 $19,925 $18,559 $78,740 
Denominator:
Weighted average common shares outstanding153,124,371 128,723,386 143,804,609 128,723,386 
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,
2024202320242023
Numerator:
Net income$16,210 $19,927 $19,153 $78,745 
Less: net income attributable to noncontrolling interest590 2 594 5 
Net income attributable to PACS Group, Inc.$15,620 $19,925 $18,559 $78,740 
Denominator:
Weighted average common shares outstanding153,124,371 128,723,386 143,804,609 128,723,386 
Plus: effect of diluted shares
5,328,960 — 1,933,274 — 
Adjusted weighted average common shares outstanding158,453,331 128,723,386 145,737,883 128,723,386 
Diluted net income per common share$0.10 $0.15 $0.13 $0.61