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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2020
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-Controlling 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, 2020
    
June 30, 2019
    
June 30, 2020
    
June 30, 2019
  
Computation of earnings per share - USPH shareholders:
                        
Net income attributable to USPH shareholders
  
$
10,232
    
$
14,620
    
$
11,248
    
$
23,063
  
Credit (charges) to retained earnings:
                                
Revaluation of redeemable non-controlling interest
    
3,344
      
(5,169
)
    
5,473
      
(9,830
)
Tax effect at statutory rate (federal and state) of 26.25%
    
(878
)
    
1,356
      
(1,437
)
    
2,580
  
   
$
12,698
    
$
10,807
    
$
15,284
    
$
15,813
  
                                 
Earnings per share (basic and diluted)
  
$
0.99
    
$
0.85
    
$
1.19
    
$
1.24
  
                                 
Shares used in computation:
                                
Basic and diluted earnings per share - weighted-average shares
    
12,843
      
12,767
      
12,820
      
12,738