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Earnings per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
The following table sets forth the income attributable to the Company from continuing operations, net of tax, and the Company’s common shares outstanding, and its participating securities outstanding. There were no contractual dividends paid for the years ended December 31, 2023, 2024, and 2025.
Basic and Diluted EPS
For the Year Ended December 31,
202320242025
(in thousands)
Income from continuing operations, net of tax$110,471 $129,987 $214,533 
Less: net income attributable to non-controlling interests51,444 64,514 68,314 
Income from continuing operations, net of tax, attributable to Select Medical’s common stockholders59,027 65,473 146,219 
Less: distributed and undistributed net income attributable to participating securities2,127 2,319 3,354 
Distributed and undistributed income from continuing operations, net of tax, attributable to common shares$56,900 $63,154 $142,865 
The following tables set forth the computation of EPS under the two-class method:
For the Year Ended December 31, 2023
Income from Continuing Operations, Net of Tax, Allocation
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares$56,900 123,105 $0.46 
Participating securities2,127 4,601 0.46 
Total Company$59,027 
For the Year Ended December 31, 2024
Income from Continuing Operations, Net of Tax, Allocation
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares$63,154 124,614 $0.51 
Participating securities2,319 4,576 0.51 
Total Company$65,473 
For the Year Ended December 31, 2025
Income from Continuing Operations, Net of Tax, Allocation
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares$142,865 122,647 $1.16 
Participating securities3,354 2,879 $1.16 
Total Company$146,219 
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(1)    Represents the weighted average share count outstanding during the period.