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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net revenue $ 489,915 $ 492,949 $ 1,458,177 $ 1,412,661
Operating expenses:        
Practice salaries and benefits 342,850 328,759 1,016,762 964,806
Practice supplies and other operating expenses 31,857 26,122 90,189 72,516
General and administrative expenses 57,888 66,892 180,340 204,376
Gain on sale of building 0 0 0 (7,280)
Depreciation and amortization 8,956 8,151 26,500 24,288
Transformational and restructuring related expenses 977 4,232 7,736 19,042
Total operating expenses 442,528 434,156 1,321,527 1,277,748
Income from operations 47,387 58,793 136,650 134,913
Investment and other income 617 1,686 2,336 11,829
Interest expense (9,516) (17,595) (29,743) (52,119)
Loss on early extinguishment of debt 0 0 (57,016) (14,532)
Equity in earnings of unconsolidated affiliate 371 550 1,319 1,622
Total non-operating expenses (8,528) (15,359) (83,104) (53,200)
Income (loss) from continuing operations before income taxes 38,859 43,434 53,546 81,713
Income tax provision (10,051) (11,594) (14,982) (14,002)
Income from continuing operations 28,808 31,840 38,564 67,711
Income (loss) from discontinued operations, net of tax 1,920 (1,052) (1,892) 15,716
Net income 30,728 30,788 36,672 83,427
Net loss attributable to noncontrolling interest 0 7 [1] 4 21
Net income attributable to Pediatrix Medical Group, Inc. $ 30,728 $ 30,795 $ 36,676 $ 83,448
Income from continuing operations:        
Basic $ 0.35 $ 0.37 $ 0.46 $ 0.80
Diluted 0.35 0.37 0.45 0.79
Income (loss) from discontinued operations:        
Basic 0.02 (0.01) (0.02) 0.18
Diluted 0.02 (0.01) (0.02) 0.18
Net income attributable to Pediatrix Medical Group, Inc.:        
Basic 0.37 0.36 0.44 0.98
Diluted $ 0.37 $ 0.36 $ 0.43 $ 0.97
Weighted average common shares:        
Basic 82,126,000 85,065,000 84,122,000 84,754,000
Diluted 82,776,000 86,096,000 84,821,000 85,759,000
[1] Net loss component is presented within retained deficit on the consolidated balance sheet as the balance is immaterial.