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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net operating revenue $ 164,033 $ 107,754 $ 313,095 $ 290,492
Clinic operating costs:        
Salaries and related costs 80,917 53,966 161,571 149,315
Rent, clinic supplies, contract labor and other 44,079 38,708 87,375 84,137
Provision for doubtful accounts 3,585 3,941 10,756 9,961
Total clinic operating costs 128,581 96,615 259,702 243,413
Selling, general and administrative expenses 26,391 24,791 51,117 48,262
Goodwill and intangible asset impairment charges 467,118 0 467,118 0
Operating loss (458,057) (13,652) (464,842) (1,183)
Change in fair value of warrant liability (Note 12) (4,539) 0 (4,539) 0
Change in fair value of contingent common shares liability (Note 13) (20,948) 0 (20,948) 0
Loss on settlement of redeemable preferred stock 14,037 0 14,037 0
Interest expense, net 15,632 17,683 31,719 35,541
Interest expense on redeemable preferred stock 4,779 4,604 10,087 8,981
Other expense (income), net 5,626 (44,103) 5,779 (43,971)
(Loss) income before taxes (472,644) 8,164 (500,977) (1,734)
Income tax (benefit) expense (20,183) 3,568 (30,698) 1,776
Net (loss) income (452,461) 4,596 (470,279) (3,510)
Net (loss) income attributable to non-controlling interest (3,769) 1,855 (2,460) 3,185
Net (loss) income attributable to ATI Physical Therapy, Inc. $ (448,692) $ 2,741 $ (467,819) $ (6,695)
(Loss) earnings per share of Class A common stock:        
Basic (in dollars per share) $ (3.22) $ 0.02 $ (3.49) $ (0.05)
Diluted (in dollars per share) $ (3.22) $ 0.02 $ (3.49) $ (0.05)
Weighted average shares outstanding:        
Basic (in shares) 139,553 128,286 133,951 128,286
Diluted (in shares) 139,553 128,286 133,951 128,286
Net patient revenue        
Net operating revenue $ 146,679 $ 95,003 $ 278,950 $ 259,942
Other revenue        
Net operating revenue $ 17,354 $ 12,751 $ 34,145 $ 30,550