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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
2. 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 4, Redeemable Non-Controlling Interest), net of tax, charged directly to retained earnings is included in the earnings per basic and diluted share calculation.

The computation of basic and diluted earnings per share are as follows.

 
Three Months Ended
    
Six Months Ended
  
   
June 30, 2025
    
June 30, 2024
    
June 30, 2025
    
June 30, 2024
  
Earnings per Share
  (In thousands, except per share data)   
    (In thousands, except per share data)   
 
Computation of earnings per share - USPH shareholders:
                        
Net income attributable to USPH shareholders
  
$
12,393
    
$
7,506
    
$
22,292
    
$
15,552
  
Charges to retained earnings:
                                
Revaluation of redeemable non-controlling interest
    
(4,806
)
    
(622
)
    
(1,903
)
    
(2,061
)
Tax effect at statutory rate (federal and state)
    
1,228
      
159
      
486
      
527
  
   
$
8,815
    
$
7,043
    
$
20,875
    
$
14,018
  
                                 
Earnings per share (basic and diluted)
  
$
0.58
    
$
0.47
    
$
1.38
    
$
0.93
  
                                 
Shares used in computation:
                               
Basic and diluted earnings per share - weighted-average shares
    
15,197
      
15,072
      
15,165
      
15,044