Schedule of Reconciliation of the Numerator and Denominator Used in the Calculation of Basic Net Income Per Common Share |
A reconciliation of the numerator and denominator used in the calculation of basic net income per common share follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2022 | | 2021 | | 2022 | | 2021 | | | NUMERATOR: | | | | | | | | | | Net income | $ | 56,242 | | | $ | 48,344 | | | $ | 164,133 | | | $ | 148,764 | | | | Less: net income (loss) attributable to noncontrolling interests | 63 | | | 1,063 | | | (77) | | | 2,852 | | | | Net income attributable to The Ensign Group, Inc. | $ | 56,179 | | | $ | 47,281 | | | $ | 164,210 | | | $ | 145,912 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DENOMINATOR: | | | | | | | | | | Weighted average shares outstanding for basic net income per share | 54,882 | | | 54,627 | | | 54,819 | | | 54,430 | | | | | | | | | | | | | | Basic net income per common share: | $ | 1.02 | | | $ | 0.87 | | | $ | 3.00 | | | $ | 2.68 | | | | | | | | | | | | | | | | | | | | | | | |
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Schedule of Reconciliation of the Numerator and Denominator Used in the Calculation of Diluted Net Income Per Common Share |
A reconciliation of the numerator and denominator used in the calculation of diluted net income per common share follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2022 | | 2021 | | 2022 | | 2021 | | | NUMERATOR: | | | | | | | | | | Net income | $ | 56,242 | | | $ | 48,344 | | | $ | 164,133 | | | $ | 148,764 | | | | Less: net income (loss) attributable to noncontrolling interests | 63 | | | 1,063 | | | (77) | | | 2,852 | | | | Net income attributable to The Ensign Group, Inc. | $ | 56,179 | | | $ | 47,281 | | | $ | 164,210 | | | $ | 145,912 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DENOMINATOR: | | | | | | | | | | Weighted average common shares outstanding | 54,882 | | | 54,627 | | | 54,819 | | | 54,430 | | | | Plus: incremental shares from assumed conversion (1) | 1,879 | | | 2,344 | | | 2,010 | | | 2,524 | | | | Adjusted weighted average common shares outstanding | 56,761 | | | 56,971 | | | 56,829 | | | 56,954 | | | | | | | | | | | | | | Diluted net income per common share: | $ | 0.99 | | | $ | 0.83 | | | $ | 2.89 | | | $ | 2.56 | | | | | | | | | | | | | | | | | | | | | | | |
(1) Options outstanding which are anti-dilutive and therefore not factored into the weighted average common shares amount above were 918 and 734 for the three and nine months ended September 30, 2022, respectively, and 365 and 139 for the three and nine months ended September 30, 2021, respectively.
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