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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net service revenue $ 204,122 $ 187,713 $ 597,373 $ 540,261
Cost of service revenue 120,873 113,122 351,938 321,983
Gross margin 83,249 74,591 245,435 218,278
Provision for bad debts 4,809 3,974 14,873 11,699
General and administrative expenses 60,748 58,197 180,416 172,499
Operating income 17,692 12,420 50,146 34,080
Interest expense (434) (643) (1,533) (1,861)
Income before income taxes and noncontrolling interest 17,258 11,777 48,613 32,219
Income tax expense 6,148 3,924 17,097 11,199
Net income 11,110 7,853 31,516 21,020
Less net income attributable to noncontrolling interests 2,265 1,679 6,916 4,717
Net income attributable to LHC Group, Inc.’s common stockholders $ 8,845 $ 6,174 $ 24,600 $ 16,303
Earnings per share — basic:        
Net income attributable to LHC Group, Inc.'s common stockholders $ 0.51 $ 0.36 $ 1.41 $ 0.95
Earnings per share — diluted:        
Net income attributable to LHC Group, Inc.'s common stockholders $ 0.50 $ 0.36 $ 1.40 $ 0.94
Weighted average shares outstanding:        
Basic 17,436,731 17,260,078 17,389,934 17,213,648
Diluted 17,610,953 17,356,916 17,526,687 17,289,554