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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments [Abstract]

Impacts of Derivative Instruments on Consolidated Statements of Comprehensive Income

The impact of the Company’s derivative instruments on the accompanying Consolidated Statements of Comprehensive Income are presented in the table below.

		Three Months Ended
		March 31, 2024				March 31, 2023
		(In thousands)
Net income		$	11,617			$	11,427
Other comprehensive gain (loss):
Unrealized gain (loss) on cash flow hedge			1,781				(1,817	)
Tax effect at statutory rate (federal and state)			(455	)			464
Comprehensive income			12,943				10,074
Comprehensive income attributable to non-controlling interest			(3,571	)			(4,017	)
Comprehensive income attributable to USPH shareholders		$	9,372			$	6,057

Carrying and Fair Value of Interest Rate Derivatives

The carrying and fair value of the Company’s interest rate derivatives (included in other current assets and other assets) were as follows.

		March 31, 2024				March 31, 2023
Interest rate swap:		(In thousands)
Other current assets		$	2,979			$	2,614
Other assets			2,538				947
		$	5,517			$	3,561

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- References

No definition available.

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- Definition

Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C

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