v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net service revenue $ 565,451 $ 530,684 $ 1,636,193 $ 1,530,875
Revenue, Product and Service [Extensible List]     Service [Member]  
Cost of service revenue (excluding depreciation and amortization) 343,862 305,246 $ 972,006 933,160
Cost, Product and Service [Extensible List]     Service [Member]  
Gross margin 221,589 225,438 $ 664,187 597,715
General and administrative expenses 176,444 161,463 506,754 469,903
Impairment of intangibles and other 0 22 937 622
Government stimulus (income) expense 0 44,435 0 0
Operating income 45,145 19,518 156,496 127,190
Interest expense (1,135) (431) (1,541) (4,040)
Income before income taxes and noncontrolling interest 44,010 19,087 154,955 123,150
Income tax expense 10,150 4,595 32,909 23,181
Net income 33,860 14,492 122,046 99,969
Less net income (loss) attributable to noncontrolling interests 6,126 (8) 22,010 18,753
Net income attributable to LHC Group, Inc.’s common stockholders $ 27,734 $ 14,500 $ 100,036 $ 81,216
Earnings per share:        
Basic (usd per share) $ 0.89 $ 0.47 $ 3.21 $ 2.61
Diluted (usd per share) $ 0.88 $ 0.46 $ 3.18 $ 2.59
Weighted average shares outstanding:        
Basic (in shares) 31,238 31,121 31,205 31,080
Diluted (in shares) 31,434 31,411 31,422 31,334

Source