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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2023
EARNINGS PER SHARE [Abstract]  
Computations of Basic and Diluted Earnings Per Share
In accordance with current accounting guidance, the revaluation of redeemable non-controlling interest (see Note 5 – Redeemable Non-Controlling Interest), net of tax, charged directly to retained earnings is included in the earnings per basic and diluted share calculation. The following table provides a detail of the basic and diluted earnings per share computation (in thousands, except per share data).

 
Three Months Ended
 
   
March 31, 2023
   
March 31, 2022
 
Computation of earnings per share - USPH shareholders:
           
Net income attributable to USPH shareholders
  $ 7,410     $ 8,799  
Charges to retained earnings:
               
Revaluation of redeemable non-controlling interest
    119       (153 )
Tax effect at statutory rate (federal and state)
    (30 )     39  
    $ 7,499     $ 8,685  
                 
Earnings per share (basic and diluted)
  $ 0.58     $ 0.67  
                 
Shares used in computation:
               
Basic and diluted earnings per share - weighted-average shares
    13,025
      12,937