Quarterly Consolidated Financial Information

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Consolidated Financial Information (Unaudited)

KINDRED HEALTHCARE, INC.

QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)

(In thousands, except per share amounts)

The following table represents summary quarterly consolidated financial information (unaudited) for the years ended December 31, 2015 and 2014:

	2015
	First			Second			Third			Fourth
Revenues	$	1,675,967		$	1,833,475		$	1,764,516		$	1,780,949
Net income (loss):
Income (loss) from continuing operations		(134,588	)		33,710			(6,969	)		55,984
Discontinued operations, net of income taxes:
Income (loss) from operations		(3,424	)		(589	)		2,269			1,509
Gain on divestiture of operations		−			983			−			261
Income (loss) from discontinued operations		(3,424	)		394			2,269			1,770
Net income (loss)		(138,012	)		34,104			(4,700	)		57,754
(Earnings) loss attributable to noncontrolling interests:
Continuing operations		(8,847	)		(11,735	)		(9,900	)		(12,082	)
Discontinued operations		29			2			1			2
		(8,818	)		(11,733	)		(9,899	)		(12,080	)
Income (loss) attributable to Kindred		(146,830	)		22,371			(14,599	)		45,674
Earnings (loss) per common share:
Basic:
Income (loss) from continuing operations		(1.80	)		0.25			(0.20	)		0.50
Discontinued operations:
Income (loss) from operations		(0.04	)		(0.01	)		0.03			0.02
Gain on divestiture of operations		−			0.01			−			−
Income (loss) from discontinued operations		(0.04	)		−			0.03			0.02
Net income (loss)		(1.84	)		0.25			(0.17	)		0.52
Diluted:
Income (loss) from continuing operations		(1.80	)		0.25			(0.20	)		0.50
Discontinued operations:
Income (loss) from operations		(0.04	)		(0.01	)		0.03			0.02
Gain on divestiture of operations		−			0.01			−			−
Income (loss) from discontinued operations		(0.04	)		−			0.03			0.02
Net income (loss)		(1.84	)		0.25			(0.17	)		0.52
Shares used in computing earnings (loss) per common share:
Basic		79,575			86,045			86,184			86,336
Diluted		79,575			86,402			86,184			87,232
Market prices:
High		24.65			24.66			23.36			15.75
Low		16.94			20.25			15.61			11.12

	2014
	First			Second			Third			Fourth
Revenues	$	1,272,610		$	1,261,397		$	1,228,918		$	1,264,674
Net income (loss):
Income (loss) from continuing operations		22,927			(20,450	)		7,222			(4,803	)
Discontinued operations, net of income taxes:
Loss from operations		(7,442	)		(8,768	)		(8,677	)		(28,743	)
Gain (loss) on divestiture of operations		(3,006	)		(2,018	)		1,387			(9,061	)
Loss from discontinued operations		(10,448	)		(10,786	)		(7,290	)		(37,804	)
Net income (loss)		12,479			(31,236	)		(68	)		(42,607	)
(Earnings) loss attributable to noncontrolling interests:
Continuing operations		(4,529	)		(4,828	)		(4,372	)		(5,143	)
Discontinued operations		70			253			78			66
		(4,459	)		(4,575	)		(4,294	)		(5,077	)
Income (loss) attributable to Kindred		8,020			(35,811	)		(4,362	)		(47,684	)
Earnings (loss) per common share:
Basic:
Income (loss) from continuing operations		0.34			(0.47	)		0.04			(0.15	)
Discontinued operations:
Loss from operations		(0.13	)		(0.16	)		(0.13	)		(0.44	)
Gain (loss) on divestiture of operations		(0.06	)		(0.04	)		0.02			(0.14	)
Loss from discontinued operations		(0.19	)		(0.20	)		(0.11	)		(0.58	)
Net income (loss)		0.15			(0.67	)		(0.07	)		(0.73	)
Diluted:
Income (loss) from continuing operations		0.34			(0.47	)		0.04			(0.15	)
Discontinued operations:
Loss from operations		(0.13	)		(0.16	)		(0.13	)		(0.44	)
Gain (loss) on divestiture of operations		(0.06	)		(0.04	)		0.02			(0.14	)
Loss from discontinued operations		(0.19	)		(0.20	)		(0.11	)		(0.58	)
Net income (loss)		0.15			(0.67	)		(0.07	)		(0.73	)
Shares used in computing earnings (loss) per common share:
Basic		52,641			53,714			62,863			65,135
Diluted		52,711			53,714			62,902			65,135
Market prices:
High		23.57			26.81			24.94			22.12
Low		17.59			21.74			18.80			17.72