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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2021
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 Note 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
    
Nine Months Ended
  
   
September 30, 2021
    
September 30, 2020
    
September 30, 2021
    
September 30, 2020
  
Computation of earnings per share - USPH shareholders:
                        
Net income attributable to USPH shareholders
  
$
10,009
    
$
10,916
    
$
30,618
    
$
22,164
  
(Charges) credit to retained earnings:
                                
Revaluation of redeemable non-controlling interest
    
(2,071
)
    
(4,297
)
    
(11,889
)
    
1,175
  
Tax effect at statutory rate (federal and state) of 25.55% and 26.25%, respectively
    
529
      
1,228
      
3,038
      
(308
)
   
$
8,467
    
$
7,847
    
$
21,767
    
$
23,031
  
                                 
Earnings per share (basic and diluted)
  
$
0.66
    
$
0.61
    
$
1.69
    
$
1.80
  
                                 
Shares used in computation:
                                
Basic and diluted earnings per share - weighted-average shares
    
12,909
      
12,847
      
12,894
      
12,829