Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net service revenue $ 576,193 $ 545,907 $ 1,147,688 $ 1,070,742
Cost of service revenue (excluding depreciation and amortization) 353,933 317,872 704,321 628,144
Gross margin 222,260 228,035 443,367 442,598
General and administrative expenses 196,390 167,061 380,749 330,310
Impairment of intangibles and other 842 760 2,071 937
Operating income 25,028 60,214 60,547 111,351
Interest expense (6,407) (143) (10,578) (406)
Income before income taxes and noncontrolling interest 18,621 60,071 49,969 110,945
Income tax expense 3,679 13,318 10,048 22,759
Net income 14,942 46,753 39,921 88,186
Less net income attributable to noncontrolling interests 4,358 9,110 9,883 15,884
Net income attributable to LHC Group, Inc.’s common stockholders $ 10,584 $ 37,643 $ 30,038 $ 72,302
Earnings per share:        
Basic (usd per share) $ 0.35 $ 1.21 $ 0.98 $ 2.32
Diluted (usd per share) $ 0.35 $ 1.20 $ 0.98 $ 2.30
Weighted average shares outstanding:        
Basic (in shares) 30,543 31,225 30,508 31,188
Diluted (in shares) 30,676 31,430 30,623 31,423
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]
Cost, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]