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Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | 2. Earnings Per Share Basic and diluted earnings per share is computed using the two-class method, which is an earnings allocation method that determines earnings per share for common shares and participating securities. The restricted stock the Company grants are participating securities containing non-forfeitable rights to receive dividends. Accordingly, any unvested shares of restricted stock is included in the basic and diluted earnings per share computation. Additionally, in accordance with current accounting guidance, the revaluation of redeemable non-controlling interest (see Note 4 Redeemable Non-Controlling Interest), net of tax, charged directly to retained earnings is included in the earnings per basic and diluted share calculation. The computation of basic and diluted earnings per share are as follows.
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, 2024 |  |  | June 30, 2023 |  |  | June 30, 2024 |  |  | June 30, 2023 |
|  | (In thousands, except per share data) |
Earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Computation of earnings per share - USPH shareholders: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to USPH shareholders |  | $ | 7,506 |  |  | $ | 10,919 |  |  | $ | 15,552 |  |  | $ | 18,329 |
Charges to retained earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revaluation of redeemable non-controlling interest |  |  | (622 | ) |  |  | (2,865 | ) |  |  | (2,061 | ) |  |  | (2,746 | )
Tax effect at statutory rate (federal and state) |  |  | 159 |  |  |  | 732 |  |  |  | 527 |  |  |  | 700 |
|  | $ | 7,043 |  |  | $ | 8,786 |  |  | $ | 14,018 |  |  | $ | 16,283 |
Earnings per share (basic and diluted) |  | $ | 0.47 |  |  | $ | 0.64 |  |  | $ | 0.93 |  |  | $ | 1.22 |
Shares used in computation - basic and diluted |  |  | 15,072 |  |  |  | 13,720 |  |  |  | 15,044 |  |  |  | 13,375 |

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