XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.24.3

Derivative Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 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 Nine Months Ended |
|  | September 30, 2024 |  |  | September 30, 2023 |  |  | September 30, 2024 |  |  | September 30, 2023 |
|  | (In thousands) |
Net income |  | $ | 9,777 |  |  | $ | 12,222 |  |  | $ | 33,106 |  |  | $ | 38,513 |
Other comprehensive (loss) gain: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized (loss) gain on cash flow hedge |  |  | (3,687 | ) |  |  | 1,276 |  |  |  | (1,937 | ) |  |  | 2,340 |
Tax effect at statutory rate (federal and state) |  |  | 942 |  |  |  | (326 | ) |  |  | 495 |  |  |  | (598 | )
Comprehensive income |  |  | 7,032 |  |  |  | 13,172 |  |  |  | 31,664 |  |  |  | 40,255 |
Comprehensive income attributable to non-controlling interest |  |  | (3,149 | ) |  |  | (2,968 | ) |  |  | (10,926 | ) |  |  | (10,930 | )
Comprehensive income attributable to USPH shareholders |  | $ | 3,883 |  |  | $ | 10,204 |  |  | $ | 20,738 |  |  | $ | 29,325 |
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 |
|  | September 30, 2024 |  |  | September 30, 2023 |
|  | (In thousands) |
Other current assets |  | $ | 1,373 |  |  | $ | 3,561 |
Other assets |  |  | 425 |  |  |  | 4,156 |
|  | $ | 1,798 |  |  | $ | 7,717 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration