XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net operating revenues $ 1,267,401 $ 1,077,014 $ 3,816,575 $ 3,270,996
Costs and expenses:        
Cost of services 1,087,062 939,079 3,247,606 2,788,411
General and administrative 29,975 27,065 90,951 83,415
Depreciation and amortization 50,527 38,772 149,022 119,644
Total costs and expenses 1,167,564 1,004,916 3,487,579 2,991,470
Income (loss) from operations 99,837 72,098 328,996 279,526
Other income and expense:        
Loss on early retirement of debt     (10,255) (19,719)
Equity in earnings of unconsolidated subsidiaries 5,432 4,431 14,914 15,618
Non-operating gain 2,139 0 9,016 (49)
Interest expense (50,669) (37,688) (147,991) (116,196)
Income (loss) before income taxes 56,739 38,841 194,680 159,180
Income tax expense 14,060 14,017 47,460 59,593
Net income 42,679 24,824 147,220 99,587
Less: Net income attributable to non-controlling interests 9,762 6,362 34,053 23,200
Net income attributable to Select Medical Holdings Corporation and Select Medical Corporation $ 32,917 $ 18,462 $ 113,167 $ 76,387
Income per common share:        
Basic (in dollars per share) $ 0.24 $ 0.14 $ 0.84 $ 0.57
Diluted (in dollars per share) $ 0.24 $ 0.14 $ 0.84 $ 0.57
Weighted average shares outstanding:        
Basic (in shares) 130,387 129,142 129,972 128,745
Diluted (in shares) 130,447 129,322 130,066 128,916
Select Medical Corporation        
Net operating revenues $ 1,267,401 $ 1,077,014 $ 3,816,575 $ 3,270,996
Costs and expenses:        
Cost of services 1,087,062 939,079 3,247,606 2,788,411
General and administrative 29,975 27,065 90,951 83,415
Depreciation and amortization 50,527 38,772 149,022 119,644
Total costs and expenses 1,167,564 1,004,916 3,487,579 2,991,470
Income (loss) from operations 99,837 72,098 328,996 279,526
Other income and expense:        
Loss on early retirement of debt     (10,255) (19,719)
Equity in earnings of unconsolidated subsidiaries 5,432 4,431 14,914 15,618
Non-operating gain 2,139 0 9,016 (49)
Interest expense (50,669) (37,688) (147,991) (116,196)
Income (loss) before income taxes 56,739 38,841 194,680 159,180
Income tax expense 14,060 14,017 47,460 59,593
Net income 42,679 24,824 147,220 99,587
Less: Net income attributable to non-controlling interests 9,762 6,362 34,053 23,200
Net income attributable to Select Medical Holdings Corporation and Select Medical Corporation $ 32,917 $ 18,462 $ 113,167 $ 76,387