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Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 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.

		For the Three Months Ended								For the Six Months Ended
		June 30, 2024				June 30, 2023				June 30, 2024				June 30, 2023
		(In thousands)
Net income		$	11,712			$	14,864			$	23,329			$	26,291
Other comprehensive (loss) gain:
Unrealized (loss) gain on cash flow hedge			(31	)			2,881				1,750				1,064
Tax effect at statutory rate (federal and state)			8				(736	)			(447	)			(272	)
Comprehensive income			11,689				17,009				24,632				27,083
Comprehensive income attributable to non-controlling interest			(4,206	)			(3,945	)			(7,777	)			(7,962	)
Comprehensive income attributable to USPH shareholders		$	7,483			$	13,064			$	16,855			$	19,121

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.

		As of
		June 30, 2024				June 30, 2023
		(In thousands)
Other current assets		$	2,954			$	3,471
Other assets			2,532				2,971
		$	5,486			$	6,442

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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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-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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