v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
|
|
| Income Statement [Abstract] |
|
|
| Net service revenue |
$ 524,835
|
$ 512,871
|
| Cost of service revenue (excluding depreciation and amortization) |
310,272
|
321,202
|
| Gross margin |
214,563
|
191,669
|
| General and administrative expenses |
163,249
|
157,866
|
| Impairment of intangibles and other |
177
|
0
|
| Operating income |
51,137
|
33,803
|
| Interest expense |
(263)
|
(2,768)
|
| Income before income taxes and noncontrolling interest |
50,874
|
31,035
|
| Income tax expense |
9,441
|
3,359
|
| Net income |
41,433
|
27,676
|
| Less net income attributable to noncontrolling interests |
6,774
|
5,652
|
| Net income attributable to LHC Group, Inc.’s common stockholders |
$ 34,659
|
$ 22,024
|
| Earnings per share: |
|
|
| Basic (usd per share) |
$ 1.11
|
$ 0.71
|
| Diluted (usd per share) |
$ 1.10
|
$ 0.70
|
| Weighted average shares outstanding: |
|
|
| Basic (in shares) |
31,165
|
31,020
|
| Diluted (in shares) |
31,432
|
31,303
|
| Revenue, Product and Service [Extensible List] |
us-gaap:ServiceMember
|
|
| Cost, Product and Service [Extensible List] |
us-gaap:ServiceMember
|
|
| X |
- DefinitionThe aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
| Name: |
us-gaap_CostOfGoodsAndServicesSold |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionThe amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
| Name: |
us-gaap_EarningsPerShareBasic |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
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| Period Type: |
duration |
|
| X |
- References
+ Details
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionThe amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionThe aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
| Name: |
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| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionThe amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value.
| Name: |
us-gaap_ImpairmentOfIntangibleAssetsExcludingGoodwill |
| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- References
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| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionAmount of the cost of borrowed funds accounted for as interest expense.
| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
debit |
| Period Type: |
duration |
|
| X |
- DefinitionAmount of Net Income (Loss) attributable to noncontrolling interest.
| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionAmount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.
| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionThe net result for the period of deducting operating expenses from operating revenues.
| Name: |
us-gaap_OperatingIncomeLoss |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
xbrli:monetaryItemType |
| Balance Type: |
credit |
| Period Type: |
duration |
|
| X |
- DefinitionThe consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
| Name: |
us-gaap_ProfitLoss |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
credit |
| Period Type: |
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|
| X |
- DefinitionAmount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.
| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionIndicates type of cost from product sold and service rendered.
| Name: |
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| Namespace Prefix: |
us-gaap_ |
| Data Type: |
srt-types:extensibleListItemType |
| Balance Type: |
na |
| Period Type: |
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|
| X |
- DefinitionIndicates type of revenue from product and service. Includes, but is not limited to, revenue from contract with customer and other sources.
| Name: |
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| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
| Name: |
us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| Namespace Prefix: |
us-gaap_ |
| Data Type: |
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| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- References
+ Details
| Name: |
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| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
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| Period Type: |
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|
| X |
- DefinitionNumber of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
| Name: |
us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Namespace Prefix: |
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| Data Type: |
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| Balance Type: |
na |
| Period Type: |
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|
|
