XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.2
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
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.

 
  
Three Months Ended
    
Six Months Ended
  
 
  
June 30, 2025
    
June 30, 2024
    
June 30, 2025
    
June 30, 2024
  
   
(In thousands)
  
Net income
  $ 17,720     $ 11,712     $ 31,188     $ 23,329  
Other comprehensive (loss) gain:
                               
Unrealized (loss) gain on cash flow hedge
    
(798
)
    
(31
)
    
(2,129
)
    
1,750
  
Tax effect at statutory rate (federal and state)
   
204
      
8
      
544
      
(447
)
Comprehensive income
   
17,126
      
11,689
      
29,603
      
24,632
  
                                 
Comprehensive income attributable to non-controlling interest
    (5,327 )     (4,206 )     (8,896 )     (7,777 )
Comprehensive income attributable to USPH shareholders
  $ 11,799     $ 7,483     $ 20,707     $ 16,855  
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.

   
June 30, 2025
    
December 31, 2024
  

 
(In thousands)
  
Other current assets
  
$
1,319
    
$
1,752
  
Other assets
    
311
      
2,006
  
   
$
1,630
    
$
3,758