XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net revenue $ 828,006 $ 722,273 $ 2,352,389 $ 2,038,256
Operating expenses:        
Practice salaries and benefits 521,832 450,033 1,498,268 1,292,431
Practice supplies and other operating expenses 31,641 24,007 85,679 72,316
General and administrative expenses 93,457 80,185 275,523 220,522
Depreciation and amortization 24,185 16,918 64,010 46,079
Total operating expenses 671,115 571,143 1,923,480 1,631,348
Income from operations 156,891 151,130 428,909 406,908
Investment income and other income 221 567 1,249 1,093
Interest expense (17,215) (6,201) (46,736) (14,617)
Equity in earnings of unconsolidated affiliate 796 784 2,379 2,350
Total non-operating expenses (16,198) (4,850) (43,108) (11,174)
Income before income taxes 140,693 146,280 385,801 395,734
Income tax provision 44,272 55,640 139,284 152,457
Net income 96,421 90,640 246,517 243,277
Net loss attributable to noncontrolling interests 88 141 318 341
Net income attributable to MEDNAX, Inc. $ 96,509 $ 90,781 $ 246,835 $ 243,618
Net income attributable to MEDNAX, Inc.:        
Earnings per share, Basic $ 1.04 $ 0.98 $ 2.67 $ 2.61
Earnings per share, Diluted $ 1.04 $ 0.97 $ 2.65 $ 2.59
Weighted average common shares:        
Basic 92,604 92,949 92,336 93,195
Diluted 93,146 93,646 93,045 94,123