XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net revenue $ 472,959 $ 415,441 $ 919,712 $ 856,686
Operating expenses:        
Practice salaries and benefits 317,035 282,985 636,047 599,264
Practice supplies and other operating expenses 24,182 20,173 46,394 44,015
General and administrative expenses 70,968 60,488 137,484 127,930
Gain on sale of building (7,280)   (7,280)  
Depreciation and amortization 8,106 6,751 16,137 13,554
Transformational and restructuring related expenses 9,932 10,479 14,810 26,555
Total operating expenses 422,943 380,876 843,592 811,318
Income from operations 50,016 34,565 76,120 45,368
Investment and other income 4,176 3,576 10,143 2,530
Interest expense (16,879) (28,265) (34,524) (55,930)
Loss on early extinguishment of debt     (14,532)  
Equity in earnings of unconsolidated affiliate 577 305 1,072 799
Total non-operating expenses (12,126) (24,384) (37,841) (52,601)
Income (loss) from continuing operations before income taxes 37,890 10,181 38,279 (7,233)
Income tax benefit (provision) (7,363) (3,097) (2,408) (4,182)
Income (loss) from continuing operations 30,527 7,084 35,871 (11,415)
Income (loss) from discontinued operations, net of tax 4,478 (679,520) 16,768 (679,733)
Net income (loss) 35,005 (672,436) 52,639 (691,148)
Net loss attributable to noncontrolling interest 6   14  
Net income (loss) attributable to Mednax, Inc. $ 35,011 $ (672,436) $ 52,653 $ (691,148)
Income (loss) from continuing operations:        
Basic $ 0.36 $ 0.08 $ 0.42 $ (0.14)
Diluted 0.36 0.08 0.42 (0.14)
Income from discontinued operations:        
Basic 0.05 (8.14) 0.20 (8.18)
Diluted 0.05 (8.11) 0.19 (8.18)
Net income (loss) attributable to Mednax, Inc.:        
Basic 0.41 (8.06) 0.62 (8.32)
Diluted $ 0.41 $ (8.03) $ 0.61 $ (8.32)
Weighted average common shares:        
Basic 84,912 83,490 84,660 83,061
Diluted [1] 85,933 83,744 85,653 83,061
[1] Due to a loss from continuing operations for the six months ended June 30, 2020, no incremental shares are included because the effect would be antidilutive.