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Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
3. 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 6 Redeemable Non-Controlling Interest), net of tax, charged directly to retained earnings is included in the earnings per basic and diluted share calculation.



The table below shows the calculation of basic and diluted earnings for the periods presented.

   
For the Year Ended
  
 
December 31, 2024
    
December 31, 2023
    
December 31, 2022
  

         (In thousands, except per share data)  
Computation of earnings per share - USPH shareholders:                        
Net income attributable to USPH shareholders
  
$
31,424
    
$
28,239
    
$
32,158
  
Charges to retained earnings:
                        
Revaluation of redeemable non-controlling interest
    
(4,964
)
    
(13,565
)
    
(3,890
)
Tax effect at statutory rate (federal and state)
    
1,268
      
3,466
      
994
  
   
$
27,728
    
$
18,140
    
$
29,262
  
                         
Earnings per share (basic and diluted)
  
$
1.84
    
$
1.28
    
$
2.25
  
                         
Shares used in computation:
                       
Basic and diluted earnings per share - weighted-average shares
    15,064
      14,188
      12,985