XML 42 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net service revenue $ 200,172 $ 188,867 $ 393,251 $ 352,548
Cost of service revenue 116,639 111,527 231,065 208,861
Gross margin 83,533 77,340 162,186 143,687
Provision for bad debts 4,805 4,363 10,064 7,725
General and administrative expenses 60,370 59,723 119,668 114,302
Operating income 18,358 13,254 32,454 21,660
Interest expense (554) (830) (1,099) (1,218)
Income before income taxes and noncontrolling interest 17,804 12,424 31,355 20,442
Income tax expense 6,220 4,352 10,949 7,275
Net income 11,584 8,072 20,406 13,167
Less net income attributable to noncontrolling interests 2,634 2,011 4,651 3,038
Net income attributable to LHC Group, Inc.’s common stockholders $ 8,950 $ 6,061 $ 15,755 $ 10,129
Earnings per share — basic:        
Net income attributable to LHC Group, Inc.'s common stockholders $ 0.51 $ 0.35 $ 0.91 $ 0.59
Earnings per share — diluted:        
Net income attributable to LHC Group, Inc.'s common stockholders $ 0.51 $ 0.35 $ 0.90 $ 0.59
Weighted average shares outstanding:        
Basic 17,410,971 17,233,264 17,366,141 17,190,070
Diluted 17,529,100 17,277,224 17,528,101 17,268,556