Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments [Abstract]

Impacts of Derivative Instruments on Consolidated Statements of Comprehensive Income

The impacts of the Company’s derivative instruments on the accompanying Consolidated Statements of Comprehensive Income are presented in the table below.

	For the Year Ended
	December 31, 2023			December 31, 2022
	(In thousands)
Net income	$	37,220		$	43,407
Other comprehensive (loss) gain
Unrealized (loss) gain on cash flow hedge		(1,642	)		5,378
Tax effect at statutory rate (federal and state)		420			(1,374	)
Comprehensive income	$	35,998		$	47,411
Comprehensive income attributable to non-controlling interest		(8,981	)		(11,249	)
Comprehensive income attributable to USPH shareholders		27,017			36,162

Carrying and Fair Value of Interest Rate Derivatives

The carrying and fair value of the Company’s interest rate derivatives (included in other current assets and other assets) were as follows:

	As of the Year Ended
	December 31, 2023		December 31, 2022
	(In thousands)
Other current assets	$	2,663	$	2,858
Other assets	$	1,073	$	2,520
		3,736		5,378