v3.25.2
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net revenue $ 468,844 $ 504,296 $ 927,203 $ 999,397
Operating expenses:        
Practice salaries and benefits 323,502 357,808 660,533 726,946
Practice supplies and other operating expenses 20,614 32,369 39,300 63,454
General and administrative expenses 55,714 56,565 114,318 116,763
Depreciation and amortization 5,313 8,791 10,645 19,099
Transformational and restructuring related expenses 3,834 13,579 10,439 22,059
Goodwill impairment 0 154,243 0 154,243
Long-lived asset impairments 0 27,791 0 27,791
Loss on disposal of businesses 0 10,873 0 10,873
Total operating expenses 408,977 662,019 835,235 1,141,228
Income (loss) from operations 59,867 (157,723) 91,968 (141,831)
Investment and other income (loss) 3,727 (161) 8,464 1,852
Interest expense (9,130) (10,308) (18,284) (20,907)
Equity in earnings of unconsolidated affiliate 505 464 911 982
Total non-operating expenses (4,898) (10,005) (8,909) (18,073)
Income (loss) before income taxes 54,969 (167,728) 83,059 (159,904)
Income tax (provision) benefit (15,709) 14,703 (23,062) 10,914
Net income (loss) 39,260 (153,025) 59,997 (148,990)
Unrealized holding gain on investments, net of tax of $140, $66, $395 and $86 429 200 1,208 260
Total comprehensive income (loss) $ 39,689 $ (152,825) $ 61,205 $ (148,730)
Net income (loss):        
Basic $ 0.46 $ (1.84) $ 0.71 $ (1.79)
Diluted $ 0.46 $ (1.84) $ 0.7 $ (1.79)
Weighted average common shares:        
Basic 84,797 83,332 84,653 83,074
Diluted 85,529 83,332 85,517 83,074