Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data (Unaudited) [Abstract]

Quarterly Financial Data (Unaudited)

17. Quarterly Financial Data (Unaudited)

	Quarter
	1st			2nd			3rd			4th			Total
	(in thousands, except share and per share data)
Year ended December 31, 2011:
Net operating revenues(1)	$	3,354,052		$	3,433,829		$	3,395,773		$	3,442,514		$	13,626,168
Income from continuing operations before income taxes		135,697			137,695			132,517			67,638			473,547
Income from continuing operations		91,605			92,874			95,800			55,615			335,894
Loss from discontinued operations		(13,280	)		(39,327	)		(3,169	)		(2,495	)		(58,271	)
Net income attributable to Community Health Systems, Inc	$	61,324		$	35,389		$	74,304		$	30,931		$	201,948
Basic earnings per share attributable to Community Health Systems, Inc. common stockholders(2):
Continuing operations	$	0.82		$	0.82		$	0.87		$	0.38		$	2.89
Discontinued operations		(0.15	)		(0.43	)		(0.04	)		(0.03	)		(0.65	)
Net income	$	0.67		$	0.39		$	0.83		$	0.35		$	2.24
Diluted earnings per share attributable to Community Health Systems, Inc. common stockholders(2):
Continuing operations	$	0.81		$	0.81		$	0.86		$	0.38		$	2.87
Discontinued operations		(0.14	)		(0.43	)		(0.04	)		(0.03	)		(0.64	)
Net income	$	0.67		$	0.39		$	0.83		$	0.35		$	2.23
Weighted-average number of shares:
Basic		91,008,405			91,130,672			89,412,310			88,344,566			89,966,933
Diluted		92,136,819			91,783,725			89,857,583			88,913,813			90,666,348
Year ended December 31, 2010:
Net operating revenues	$	3,068,612		$	3,080,646		$	3,159,823		$	3,314,193		$	12,623,274
Income from continuing operations before taxes		123,906			131,140			131,328			132,520			518,894
Income from continuing operations		84,357			88,379			88,009			94,468			355,213
Gain (loss) from discontinued operations		639			(2,037	)		(3,155	)		(2,219	)		(6,772	)
Net income attributable to Community Health Systems, Inc.	$	70,007		$	70,065		$	70,401		$	69,510		$	279,983
Basic earnings per share attributable to Community Health Systems, Inc. common stockholders(2):
Continuing operations	$	0.76		$	0.77		$	0.80		$	0.79		$	3.13
Discontinued operations		0.01			(0.02	)		(0.03	)		(0.02	)		(0.07	)
Net income	$	0.76		$	0.75		$	0.77		$	0.77		$	3.05
Diluted earnings per share attributable to Community Health Systems, Inc. common stockholders(2):
Continuing operations	$	0.75		$	0.76		$	0.80		$	0.78		$	3.08
Discontinued operations		0.01			(0.02	)		(0.03	)		(0.02	)		(0.07	)
Net income	$	0.75		$	0.74		$	0.76		$	0.76		$	3.01
Weighted-average number of shares:
Basic		91,615,275			93,358,771			91,484,466			90,422,331			91,718,791
Diluted		92,836,451			94,711,919			92,462,702			91,778,801			92,946,048

(1) Net operating revenues for the quarter ended September 30, 2011 have been restated to reflect the reclassification of electronic health records incentive reimbursement, which was changed during the fourth quarter of 2011 as a reduction of operating expenses. This reclassification decreased net operating revenues and operating expenses by $40.2 million, and had no impact on income from continuing operations or net income as previously reported. Management does not believe this reclassification is material.

(2) Total per share amounts may not add due to rounding.