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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net revenue:    
Managed care and other $ 729,340 $ 676,461
PBM and dispensing 576,283 440,561
Total net revenue 1,305,623 1,117,022
Costs and expenses:    
Cost of care 482,054 457,631
Cost of goods sold 542,633 415,459
Direct service costs and other operating expenses (1)(2) [1],[2] 221,486 192,456
Depreciation and amortization 26,976 25,007
Interest expense 4,148 1,748
Interest and other income (949) (683)
Total costs and expenses 1,276,348 1,091,618
Income before income taxes 29,275 25,404
Provision for income taxes 11,806 12,013
Net income 17,469 13,391
Less: net income (loss) attributable to non-controlling interest (278) 154
Net income attributable to Magellan Health, Inc. $ 17,747 $ 13,237
Net income per common share attributable to Magellan Health, Inc.:    
Basic (in dollars per share) $ 0.77 $ 0.56
Diluted (in dollars per share) $ 0.74 $ 0.54
[1] Includes changes in fair value of contingent consideration of $(266) and $(49) for the three months ended March 31, 2016 and 2017, respectively.
[2] Includes stock compensation expense of $8,887 and $10,140 for the three months ended March 31, 2016 and 2017, respectively.