XML 22 R11.htm IDEA: XBRL DOCUMENT v3.19.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2019
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE
5.
EARNINGS PER SHARE

In accordance with current accounting guidance, the revaluation of redeemable non-controlling interest (see Footnote 6 – Redeemable Non-Controller Interest), net of tax, charged directly to retained earnings is included in the earnings per basic and diluted share calculation.  The following table provides a detail of the basic and diluted earnings per share computation (in thousands, except per share data).

  
Three Months Ended
  
Six Months Ended
 
  
June 30, 2019
  
June 30, 2018
  
June 30, 2019
  
June 30, 2018
 
Computation of earnings per share - USPH shareholders:
            
Net income attributable to USPH shareholders
 
$
14,620
  
$
9,246
  
$
23,063
  
$
16,363
 
Charges to retained earnings:
                
Revaluation of redeemable non-controlling interest
  
(5,169
)
  
(4,344
)
  
(9,830
)
  
(9,425
)
Tax effect at statutory rate (federal and state) of 26.25%
  
1,356
   
1,140
   
2,580
   
2,474
 
  
$
10,807
  
$
6,042
  
$
15,813
  
$
9,412
 
                 
Earnings per share (basic and diluted)
 
$
0.85
  
$
0.48
  
$
1.24
  
$
0.74
 
                 
Shares used in computation:
                
Basic and diluted earnings per share - weighted-average shares
  
12,767
   
12,677
   
12,738
   
12,647