XML 33 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net revenue $ 676,588 $ 595,544 $ 1,315,983 $ 1,161,883
Operating expenses:        
Practice salaries and benefits 422,803 372,216 842,398 744,256
Practice supplies and other operating expenses 24,878 22,466 48,309 43,882
General and administrative expenses 72,401 60,829 140,337 119,243
Depreciation and amortization 15,549 10,361 29,161 20,732
Total operating expenses 535,631 465,872 1,060,205 928,113
Income from operations 140,957 129,672 255,778 233,770
Investment and other income 384 335 526 1,970
Interest expense (5,149) (2,188) (8,416) (3,559)
Equity in earnings of unconsolidated affiliate 745 150 1,566 150
Total non-operating expenses, net (4,020) (1,703) (6,324) (1,439)
Income before income taxes 136,937 127,969 249,454 232,331
Income tax provision 52,889 48,944 96,817 89,646
Net income 84,048 79,025 152,637 142,685
Net loss (income) attributable to noncontrolling interests 82 (9) 200 (9)
Net income attributable to MEDNAX, Inc. $ 84,130 $ 79,016 $ 152,837 $ 142,676
Net income attributable to MEDNAX, Inc.:        
Earnings per share, Basic $ 0.91 $ 0.80 $ 1.64 $ 1.45
Earnings per share, Diluted $ 0.90 $ 0.79 $ 1.62 $ 1.42
Weighted average common shares:        
Basic 92,500 98,411 93,361 98,689
Diluted 93,495 99,866 94,405 100,226