XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues [Abstract]        
Net revenue $ 139,602 $ 125,893 $ 411,962 $ 365,189
Operating cost:        
Salaries and related costs 81,786 70,492 236,874 203,173
Rent, supplies, contract labor and other 29,696 24,244 86,703 68,095
Provision for credit losses 1,336 1,358 4,192 3,922
Total operating cost 112,818 96,094 327,769 275,190
Gross profit 26,784 29,799 84,193 89,999
Corporate office costs 11,889 12,867 34,186 35,815
Operating income 14,895 16,932 50,007 54,184
Other income and expense        
Resolution of a payor matter 0 1,216 0 1,216
Change in fair value of contingent earn-out consideration 2,000 0 2,000 0
Equity in earnings of unconsolidated affiliate 304 0 983 0
Interest and other income, net 65 58 790 158
Gain on revaluation of put-right liability 785 0 771 0
Interest expense - debt and other (2,013) (268) (3,540) (751)
Total other income and expense 1,141 1,006 1,004 623
Income before taxes 16,036 17,938 51,011 54,807
Provision for income taxes 3,215 3,815 10,952 11,326
Net income 12,821 14,123 40,059 43,481
Less: net income attributable to non-controlling interest:        
Redeemable non-controlling interest - temporary equity (2,037) (2,605) (7,220) (8,669)
Non-controlling interest - permanent equity (1,227) (1,509) (3,288) (4,194)
Net income attributable to non-controlling interest (3,264) (4,114) (10,508) (12,863)
Net income attributable to USPH shareholders $ 9,557 $ 10,009 $ 29,551 $ 30,618
Basic earnings per share attributable to USPH shareholders (in dollars per share) $ 0.72 $ 0.66 $ 2.27 $ 1.69
Diluted earnings per share attributable to USPH shareholders (in dollars per share) $ 0.72 $ 0.66 $ 2.27 $ 1.69
Shares used in computation - basic (in shares) 13,001 12,909 12,979 12,894
Shares used in computation - diluted (in shares) 13,001 12,909 12,979 12,894
Dividends declared per common share (in dollars per share) $ 0.41 $ 0.38 $ 1.23 $ 1.08
Net Patient Revenue [Member]        
Revenues [Abstract]        
Net revenue $ 116,710 $ 112,327 $ 344,444 $ 324,819
Other Revenue [Member]        
Revenues [Abstract]        
Net revenue $ 22,892 $ 13,566 $ 67,518 $ 40,370