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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Net revenue $ 604,802 $ 553,144 $ 495,022
Operating cost:      
Salaries and related costs 353,390 319,191 278,469
Rent, supplies, contract labor and other 123,731 116,381 94,066
Provision for credit losses 6,172 5,548 5,305
Total operating cost 483,293 441,120 377,840
Gross profit 121,509 112,024 117,182
Corporate office costs 51,953 46,111 46,533
Impairment of goodwill and other intangible assets 17,495 9,112 0
Operating income 52,061 56,801 70,649
Other (expense) income      
Interest expense, debt and other (9,303) (5,779) (942)
Interest income from investments 3,774 0 0
Change in fair value of contingent earn-out consideration (1,550) 2,520 0
Change in revaluation of put-right liability 2,582 (5) 0
Equity in earnings of unconsolidated affiliate 955 1,175 112
Relief funds 467 0 4,597
Settlement of a legal matter 0 0 (2,635)
Resolution of a payor matter 0 0 1,216
Other 390 859 199
Total other (expense) income (2,685) (1,230) 2,547
Income before taxes 49,376 55,571 73,196
Provision for income taxes 12,156 12,164 15,272
Net income 37,220 43,407 57,924
Less: Net income attributable to non-controlling interest:      
Redeemable non-controlling interest - temporary equity (4,426) (6,902) (11,358)
Non-controlling interest - permanent equity (4,555) (4,347) (5,735)
Net income attributable to non-controlling interest (8,981) (11,249) (17,093)
Net income attributable to USPH shareholders $ 28,239 $ 32,158 $ 40,831
Basic earnings per share attributable to USPH shareholders (in dollars per share) $ 1.28 $ 2.25 $ 2.41
Diluted earnings per share attributable to USPH shareholders (in dollars per share) $ 1.28 $ 2.25 $ 2.41
Shares used in computation - basic (in shares) 14,188 12,985 12,898
Shares used in computation - diluted (in shares) 14,188 12,985 12,898
Dividends declared per common share (in dollars per share) $ 1.72 $ 1.64 $ 1.46
Net Patient Revenue [Member]      
Revenues:      
Net revenue $ 514,556 $ 464,590 $ 438,330
Other Revenue [Member]      
Revenues:      
Net revenue $ 90,246 $ 88,554 $ 56,692