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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