v3.26.1
Net Income Per Share (Successor) and Per Unit (Predecessor) (Tables)
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share:

 

 

Successor

 

 

 

Predecessor

 

 

 

Three Months Ended June 30, 2026

 

 

Period from February 27, 2026 to June 30, 2026

 

 

 

Period from January 1, 2026 to February 26, 2026

 

 

Three Months Ended June 30, 2025

 

 

Six Months Ended June 30, 2025

 

 

 

($ in millions, shares in thousands, except per share data)

 

 

 

($ in millions, shares in thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Parent Holdings Class A unitholders (Predecessor)

 

 

 

 

 

 

 

 

$

1.7

 

 

$

4.7

 

 

$

7.6

 

Net (loss) income attributable to common stockholders (Successor)

 

$

(6.3

)

 

$

9.0

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average USPH Class A units outstanding (Predecessor)

 

 

 

 

 

 

 

 

 

190.9

 

 

 

190.9

 

 

 

190.9

 

Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (Successor)

 

 

45,737

 

 

 

45,682

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (Successor)

 

 

45,737

 

 

 

45,690

 

 

 

 

 

 

 

 

 

 

 

Net income per unit attributable to USPH Class A unit, basic and diluted (Predecessor)

 

 

 

 

 

 

 

 

$

8.91

 

 

$

24.62

 

 

$

39.81

 

Net (loss) income per share attributable to common stockholders, basic (Successor)

 

$

(0.14

)

 

$

0.20

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per share attributable to common stockholders, diluted (Successor)

 

$

(0.14

)

 

$

0.20

 

 

 

 

 

 

 

 

 

 

 

Summary of Outstanding Shares of Potentially Dilutive Securities Excluded from Computation of Diluted Net Income Per Share

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net income per share for the three months ended June 30, 2026 because including them would have had an anti-dilutive effect:

 

 

 

Successor

 

 

 

As of June 30, 2026

 

 

 

(in thousands)

 

Restricted stock units outstanding

 

 

0.8

 

Total

 

 

0.8