XML 24 R11.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share
3. Earnings Per Share


The computations of basic and diluted earnings per share for the years ended December 31, 2022, 2021 and 2020 are as follows (in thousands, except per share data):

   
Year Ended
  
 
December 31, 2022
    
December 31, 2021
    
December 31, 2020
  
Computation of earnings per share - USPH shareholders:
                  
Net income attributable to USPH shareholders
  
$
32,158
    
$
40,831
    
$
35,194
  
Charges to retained earnings:
                        
Revaluation of redeemable non-controlling interest
    
(3,890
)
    
(13,011
)
    
(4,632
)
Tax effect at statutory rate (federal and state) of 25.55%
    
994
      
3,324
      
1,216
  
   
$
29,262
    
$
31,144
    
$
31,778
  
                         
Earnings per share (basic and diluted)
  
$
2.25
    
$
2.41
    
$
2.48
  
                         
Shares used in computation:
                        
Basic and diluted earnings per share - weighted-average shares
    
12,985
      
12,898
      
12,835