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 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net service revenue $ 576,913 $ 565,451 $ 1,724,601 $ 1,636,193
Cost of service revenue (excluding depreciation and amortization) 347,772 343,862 1,052,093 972,006
Gross margin 229,141 221,589 672,508 664,187
General and administrative expenses 189,051 176,444 569,800 506,754
Impairment of intangibles and other 2,059 0 4,130 937
Operating income 38,031 45,145 98,578 156,496
Interest expense (9,053) (1,135) (19,631) (1,541)
Income before income taxes and noncontrolling interest 28,978 44,010 78,947 154,955
Income tax expense 6,966 10,150 17,014 32,909
Net income 22,012 33,860 61,933 122,046
Less net income attributable to noncontrolling interests 4,703 6,126 14,586 22,010
Net income attributable to LHC Group, Inc.’s common stockholders $ 17,309 $ 27,734 $ 47,347 $ 100,036
Earnings per share:        
Basic (usd per share) $ 0.57 $ 0.89 $ 1.55 $ 3.21
Diluted (usd per share) $ 0.56 $ 0.88 $ 1.55 $ 3.18
Weighted average shares outstanding:        
Basic (in shares) 30,565 31,238 30,527 31,205
Diluted (in shares) 30,706 31,434 30,639 31,422
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]