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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Net revenue $ 671,345 $ 604,802 $ 553,144
Operating cost:      
Salaries and related costs 399,394 353,390 319,191
Rent, supplies, contract labor and other 118,910 108,596 102,370
Depreciation and amortization 17,853 14,960 13,939
Provision for credit losses 6,912 6,172 5,548
Clinic closure costs - lease and other 4,355 175 72
Total operating cost 547,424 483,293 441,120
Gross profit 123,921 121,509 112,024
Corporate office costs 58,290 51,953 46,111
Impairment of goodwill and other intangible assets 0 17,495 9,112
Impairment of assets held for sale 2,418 0 0
Operating income 63,213 52,061 56,801
Other (expense) income      
Interest expense, debt and other (8,015) (9,303) (5,779)
Interest income from investments 3,941 3,774 0
Change in fair value of contingent earn-out consideration (219) (1,550) 2,520
Change in revaluation of put-right liability (82) 2,582 (5)
Equity in earnings of unconsolidated affiliate 1,014 955 1,175
Relief funds 0 467 0
Other 357 390 859
Total other expense (3,004) (2,685) (1,230)
Income before taxes 60,209 49,376 55,571
Provision for income taxes 14,609 12,156 12,164
Net income 45,600 37,220 43,407
Less: Net income attributable to non-controlling interest:      
Redeemable non-controlling interest - temporary equity (10,044) (4,426) (6,902)
Non-controlling interest - permanent equity (4,132) (4,555) (4,347)
Net income attributable to non-controlling interest (14,176) (8,981) (11,249)
Net income attributable to USPH shareholders $ 31,424 $ 28,239 $ 32,158
Basic earnings per share attributable to USPH shareholders (in dollars per share) $ 1.84 $ 1.28 $ 2.25
Diluted earnings per share attributable to USPH shareholders (in dollars per share) $ 1.84 $ 1.28 $ 2.25
Shares used in computation - basic (in shares) 15,064 14,188 12,985
Shares used in computation - diluted (in shares) 15,064 14,188 12,985
Dividends declared per common share (in dollars per share) $ 1.76 $ 1.72 $ 1.64
Net Patient Revenue [Member]      
Revenues:      
Net revenue $ 560,553 $ 514,556 $ 464,590
Other Revenue [Member]      
Revenues:      
Net revenue $ 110,792 $ 90,246 $ 88,554