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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net service revenue $ 230,797 $ 204,122 $ 679,380 $ 597,373
Cost of service revenue 140,832 120,873 413,561 351,938
Gross margin 89,965 83,249 265,819 245,435
Provision for bad debts 3,275 4,809 11,658 14,873
General and administrative expenses 66,999 60,472 201,296 179,736
Loss on disposal of assets 142 276 1,389 680
Operating income 19,549 17,692 51,476 50,146
Interest expense (816) (434) (2,167) (1,533)
Income before income taxes and noncontrolling interest 18,733 17,258 49,309 48,613
Income tax expense 6,562 6,148 15,500 17,097
Net income 12,171 11,110 33,809 31,516
Less net income attributable to noncontrolling interests 2,555 2,265 7,043 6,916
Net income attributable to LHC Group, Inc.’s common stockholders $ 9,616 $ 8,845 $ 26,766 $ 24,600
Earnings per share - basic:        
Net income attributable to LHC Group, Inc.'s common stockholders $ 0.55 $ 0.51 $ 1.53 $ 1.41
Earnings per share - diluted:        
Net income attributable to LHC Group, Inc.'s common stockholders $ 0.54 $ 0.50 $ 1.52 $ 1.40
Weighted average shares outstanding:        
Basic 17,588,163 17,436,731 17,546,773 17,389,934
Diluted 17,719,473 17,610,953 17,664,284 17,526,687