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Earnings Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

2. Earnings Per Share

Basic and diluted earnings per share are calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 260, “Earnings Per Share,” based on the weighted-average number of shares outstanding in each period and dilutive stock options, unvested shares and warrants, to the extent such securities have a dilutive effect on earnings per share.

 

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2016 and 2015 (in thousands except per share amounts):

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  
     2016      2015      2016      2015  

Numerator:

            

Basic and diluted earnings per share attributable to Acadia Healthcare Company, Inc.:

            

Income from continuing operations

    $ 56,445       $ 33,843       $ 82,133       $ 48,435   

Income from discontinued operations

      —          1         —          3   
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income attributable to Acadia Healthcare Company, Inc.

    $ 56,445       $ 33,844       $ 82,133       $ 48,438   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Weighted average shares outstanding for basic earnings per share

      86,553         68,296         84,748         65,429   

Effect of dilutive instruments

      323         439         304         353   
  

 

 

     

 

 

     

 

 

     

 

 

  

Shares used in computing diluted earnings per common share

      86,876         68,735         85,052         65,782   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share:

            

Income from continuing operations

    $ 0.65       $ 0.50       $ 0.97       $ 0.74   

Income from discontinued operations

      —          —          —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income

    $ 0.65       $ 0.50       $ 0.97       $ 0.74   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share:

            

Income from continuing operations

    $ 0.65       $ 0.49       $ 0.97       $ 0.74   

Income from discontinued operations

      —          —          —          —    
  

 

 

     

 

 

     

 

 

     

 

 

  

Net income

    $ 0.65       $ 0.49       $ 0.97       $ 0.74   
  

 

 

     

 

 

     

 

 

     

 

 

  

Approximately 1.2 million and 0.3 million shares of common stock issuable upon exercise of outstanding stock option awards were excluded from the calculation of diluted earnings per share for the three months ended June 30, 2016 and 2015, respectively, because their effect would have been anti-dilutive. Approximately 1.2 million and 0.9 million shares of common stock issuable upon exercise of outstanding stock option awards were excluded from the calculation of diluted earnings per share for the six months ended June 30, 2016 and 2015, respectively, because their effect would have been anti-dilutive.