v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net service revenue $ 545,907 $ 487,320 $ 1,070,742 $ 1,000,191
Revenue, Product and Service [Extensible List]     us-gaap:ServiceMember  
Cost of service revenue (excluding depreciation and amortization) 317,872 306,712 $ 628,144 627,914
Cost, Product and Service [Extensible List]     us-gaap:ServiceMember  
Gross margin 228,035 180,608 $ 442,598 372,277
General and administrative expenses 167,061 150,574 330,310 308,440
Impairment of intangibles and other 760 600 937 600
Government stimulus income 0 (44,435) 0 (44,435)
Operating income 60,214 73,869 111,351 107,672
Interest expense (143) (841) (406) (3,609)
Income before income taxes and noncontrolling interest 60,071 73,028 110,945 104,063
Income tax expense 13,318 15,227 22,759 18,586
Net income 46,753 57,801 88,186 85,477
Less net income attributable to noncontrolling interests 9,110 13,109 15,884 18,761
Net income attributable to LHC Group, Inc.’s common stockholders $ 37,643 $ 44,692 $ 72,302 $ 66,716
Earnings per share:        
Basic (usd per share) $ 1.21 $ 1.44 $ 2.32 $ 2.15
Diluted (usd per share) $ 1.20 $ 1.43 $ 2.30 $ 2.13
Weighted average shares outstanding:        
Basic (in shares) 31,225 31,104 31,188 31,060
Diluted (in shares) 31,430 31,324 31,423 31,301

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