Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of computation of basic and diluted earnings per share

The following table sets forth the income attributable to the Company from continuing operations, net of tax, and the Company’s common shares outstanding, and its participating securities outstanding.


	Basic and Diluted EPS
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2025		2024		2025
	(in thousands)
Income from continuing operations, net of tax	$	37,638	$	57,879	$	99,167	$	132,611
Less: net income attributable to non-controlling interests	15,881		17,308		34,828		35,359
Income from continuing operations, net of tax, attributable to Select Medical Holdings Corporation’s common stockholders	21,757		40,571		64,339		97,252
Less: distributed and undistributed net income attributable to participating securities	932		820		2,508		1,965
Distributed and undistributed income from continuing operations, net of tax, attributable to common shares	$	20,825	$	39,751	$	61,831	$	95,287

The following tables set forth the computation of EPS under the two-class method:


	Three Months Ended June 30,
	2024					2025
	Income from Continuing Operations, Net of Tax, Allocation		Shares(1)	Basic and Diluted EPS		Income from Continuing Operations, Net of Tax, Allocation		Shares(1)	Basic and Diluted EPS
	(in thousands, except for per share amounts)
Common shares	$	20,825	123,946	$	0.17	$	39,751	123,359	$	0.32
Participating securities	932		5,550	$	0.17	820		2,545	$	0.32
Total Company	$	21,757				$	40,571


	Six Months Ended June 30,
	2024					2025
	Income from Continuing Operations, Net of Tax, Allocation		Shares(1)	Basic and Diluted EPS		Income from Continuing Operations, Net of Tax, Allocation		Shares(1)	Basic and Diluted EPS
	(in thousands, except for per share amounts)
Common shares	$	61,831	123,902	$	0.50	$	95,287	124,774	$	0.76
Participating securities	2,508		5,026	$	0.50	1,965		2,573	$	0.76
Total Company	$	64,339				$	97,252

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(1) Represents the weighted average share count outstanding during the period.

SELECT MEDICAL HOLDINGS CORP 10-Q