XML 45 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Condensed Consolidated Statements of Operations [Abstract]        
Net service revenue $ 158,926 $ 153,398 $ 475,742 $ 476,196
Cost of service revenue 91,234 87,815 273,311 262,987
Gross margin 67,692 65,583 202,431 213,209
Provision for bad debts 2,987 3,199 8,395 8,903
General and administrative expenses 52,464 52,656 154,313 159,851
Other intangibles impairment charge 650   650  
Settlement with government agencies   65,000   65,000
Operating income (loss) 11,591 (55,272) 39,073 (20,545)
Interest expense (405) (217) (972) (507)
Non-operating income 94 1,396 108 1,573
Income (loss) before income taxes and noncontrolling interest 11,280 (54,093) 38,209 (19,479)
Income tax expense (benefit) 3,388 (18,130) 12,706 (6,420)
Net income (loss) 7,892 (35,963) 25,503 (13,059)
Less net income attributable to noncontrolling interests 1,556 1,997 5,463 7,419
Net income (loss) available to LHC Group, Inc.'s common stockholders $ 6,336 $ (37,960) $ 20,040 $ (20,478)
Earnings per share - basic:        
Net income (loss) available to LHC Group, Inc.'s common stockholders $ 0.36 $ (2.08) $ 1.11 $ (1.12)
Earnings per share - diluted:        
Net income (loss) available to LHC Group, Inc.'s common stockholders $ 0.36 $ (2.08) $ 1.10 $ (1.12)
Weighted average shares outstanding:        
Basic 17,656,842 18,263,237 18,121,217 18,251,648
Diluted 17,726,819 18,263,237 18,160,489 18,251,648