XML 60 R10.htm IDEA: XBRL DOCUMENT v3.20.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2020
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
4. EARNINGS PER SHARE

In accordance with current accounting guidance, the revaluation of redeemable non-controlling interest (see Footnote 5 – Redeemable Non-Controlling Interest), net of tax, charged directly to retained earnings is included in the earnings per basic and diluted share calculation.  The following table provides a detail of the basic and diluted earnings per share computation (in thousands, except per share data).

  
Three Months Ended
  
   
March 31, 2020
    
March 31, 2019
  
Computation of earnings per share - USPH shareholders:
            
Net income attributable to USPH shareholders
  
$
1,016
    
$
8,443
  
Credit (charges) to retained earnings:
                
Revaluation of redeemable non-controlling interest
    
2,129
      
(4,661
)
Tax effect at statutory rate (federal and state) of 26.25%
    
(559
)
    
1,224
  
   
$
2,586
    
$
5,006
  
                 
Earnings per share (basic and diluted)
  
$
0.20
    
$
0.39
  
                 
Shares used in computation:
                
Basic and diluted earnings per share - weighted-average shares
    
12,796
      
12,707