Basis Of Presentation	3 Months Ended
Mar. 31, 2018
Basis Of Presentation [Abstract]
Basis Of Presentation	1. Basis of Presentation As used herein, the terms "We," "Company" and "Chemed" refer to Chemed Corporation or Chemed Corporation and its consolidated subsidiaries. We have prepared the accompanying unaudited consolidated financial statements of Chemed in accordance with Rule 10-01 of SEC Regulation S-X. Consequently, we have omitted certain disclosures required under generally accepted accounting principles in the United States (“GAAP”) for complete financial statements. The December 31, 2017 balance sheet data were derived from audited financial statements but do not include all disclosures required by GAAP. However, in our opinion, the financial statements presented herein contain all adjustments, consisting only of normal recurring adjustments, necessary to state fairly our financial position, results of operations and cash flows. These financial statements are prepared on the same basis as and should be read in conjunction with the audited Consolidated Financial Statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2017. EARNINGS PER SHARE On January 1, 2017, we adopted the provisions of Accounting Standards Update “ASU No. 2016-09 - Compensation – Stock Compensation” on a prospective basis. The impact of this ASU on our financial statements for the quarters ended March 31, 2018 and 2017 was to decrease our income tax expense by $3.8 million and $3.7 million, respectively, as the result of excess tax benefits on stock based compensation being recorded on the statements of income. This, combined with the required change in diluted share count, resulted in an increase to basic and diluted earnings per share of $0.24 and $0.21, respectively for the quarter ended March 31, 2018. For the quarter ended March 31, 2017 the result was to increase basic and diluted earnings per share by $0.23 and $0.22, respectively. CASH FLOW CLASSIFICATION In August 2016, the FASB issued Accounting Standards Update “ASU No. 2016-15 – Cash Flow Classification” which amends guidance on the classification of certain cash receipts and payments in the statement of cash flows. The primary purpose of ASU 2016-15 was to reduce diversity in practice related to eight specific cash flow issues. The guidance in this ASU was effective for fiscal years beginning after December 15, 2017. We adopted this ASU as of January 1, 2018. There was no material effect to our statements of cash flow. INCOME TAXES The enactment of the Tax Cuts and Jobs Act (“the Act”) and subsequent issue of SAB 118 provides for a measurement period not to exceed one year in order to complete implementation of the Act. We have recognized and disclosed provisional amounts for material items in the prior period. We expect to complete our implementation within one year consistent with SAB 118. We have not recognized a provisional amount for GILTI tax as we do not expect this to materially impact the financial statements. We have not adjusted or recognized any other provisional amounts related to the Act during the quarter ended March 31, 2018. As a result of the enactment of the Act, our effective income tax rate was 19.9% in the first quarter of 2018 compared to 30.5% during the first quarter of 2017. Excess tax benefit on stock options reduced our income tax expenses by $3.8 million and $3.7 million, respectively for the quarters ended March 31, 2018 and 2017. NON-CASH TRANSACTIONS Included in the accompanying Consolidated Balance Sheets are $1.1 million and $2.7 million of capitalized property and equipment which were not paid as of March 31, 2018 and December 31, 2017, respectively. These amounts have been excluded from capital expenditures in the accompanying Consolidated Statements of Cash Flow. There are no material non-cash amounts included in interest expense for any period presented.

1. Basis of Presentation

As used herein, the terms "We," "Company" and "Chemed" refer to Chemed Corporation or Chemed Corporation and its consolidated subsidiaries.

We have prepared the accompanying unaudited consolidated financial statements of Chemed in accordance with Rule 10-01 of SEC Regulation S-X. Consequently, we have omitted certain disclosures required under generally accepted accounting principles in the United States (“GAAP”) for complete financial statements. The December 31, 2017 balance sheet data were derived from audited financial statements but do not include all disclosures required by GAAP. However, in our opinion, the financial statements presented herein contain all adjustments, consisting only of normal recurring adjustments, necessary to state fairly our financial position, results of operations and cash flows. These financial statements are prepared on the same basis as and should be read in conjunction with the audited Consolidated Financial Statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2017.

EARNINGS PER SHARE

On January 1, 2017, we adopted the provisions of Accounting Standards Update “ASU No. 2016-09 - Compensation – Stock Compensation” on a prospective basis. The impact of this ASU on our financial statements for the quarters ended March 31, 2018 and 2017 was to decrease our income tax expense by $3.8 million and $3.7 million, respectively, as the result of excess tax benefits on stock based compensation being recorded on the statements of income. This, combined with the required change in diluted share count, resulted in an increase to basic and diluted earnings per share of $0.24 and $0.21, respectively for the quarter ended March 31, 2018. For the quarter ended March 31, 2017 the result was to increase basic and diluted earnings per share by $0.23 and $0.22, respectively.

CASH FLOW CLASSIFICATION

In August 2016, the FASB issued Accounting Standards Update “ASU No. 2016-15 – Cash Flow Classification” which amends guidance on the classification of certain cash receipts and payments in the statement of cash flows. The primary purpose of ASU 2016-15 was to reduce diversity in practice related to eight specific cash flow issues. The guidance in this ASU was effective for fiscal years beginning after December 15, 2017. We adopted this ASU as of January 1, 2018. There was no material effect to our statements of cash flow.

INCOME TAXES

The enactment of the Tax Cuts and Jobs Act (“the Act”) and subsequent issue of SAB 118 provides for a measurement period not to exceed one year in order to complete implementation of the Act. We have recognized and disclosed provisional amounts for material items in the prior period. We expect to complete our implementation within one year consistent with SAB 118. We have not recognized a provisional amount for GILTI tax as we do not expect this to materially impact the financial statements. We have not adjusted or recognized any other provisional amounts related to the Act during the quarter ended March 31, 2018.

As a result of the enactment of the Act, our effective income tax rate was 19.9% in the first quarter of 2018 compared to 30.5% during the first quarter of 2017. Excess tax benefit on stock options reduced our income tax expenses by $3.8 million and $3.7 million, respectively for the quarters ended March 31, 2018 and 2017.

NON-CASH TRANSACTIONS

Included in the accompanying Consolidated Balance Sheets are $1.1 million and $2.7 million of capitalized property and equipment which were not paid as of March 31, 2018 and December 31, 2017, respectively. These amounts have been excluded from capital expenditures in the accompanying Consolidated Statements of Cash Flow. There are no material non-cash amounts included in interest expense for any period presented.