v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net service revenue $ 530,684 $ 528,499 $ 1,530,875 $ 1,548,926
Cost of service revenue (excluding depreciation and amortization) 305,246 334,768 933,160 981,620
Gross margin 225,438 193,731 597,715 567,306
General and administrative expenses 161,463 146,829 469,903 440,634
Impairment of intangibles and other 22 197 622 7,534
Government stimulus (income) expense (Note 1) 44,435 0 0 0
Operating income 19,518 46,705 127,190 119,138
Interest expense (431) (2,596) (4,040) (8,533)
Income before income taxes and noncontrolling interest 19,087 44,109 123,150 110,605
Income tax expense 4,595 9,508 23,181 22,665
Net income 14,492 34,601 99,969 87,940
Less net income (loss) attributable to noncontrolling interests (8) 4,534 18,753 14,017
Net income attributable to LHC Group, Inc.’s common stockholders $ 14,500 $ 30,067 $ 81,216 $ 73,923
Earnings per share:        
Basic (usd per share) $ 0.47 $ 0.97 $ 2.61 $ 2.39
Diluted (usd per share) $ 0.46 $ 0.96 $ 2.59 $ 2.37
Weighted average shares outstanding:        
Basic (in shares) 31,121 30,971 31,080 30,919
Diluted (in shares) 31,411 31,247 31,334 31,203
Revenue, Product and Service [Extensible List]     us-gaap:ServiceMember  
Cost, Product and Service [Extensible List]     us-gaap:ServiceMember  

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