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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay Versus Performance

The following table presents certain information regarding compensation paid to our executive officers, and certain measures of financial performance, for the five years ended December 31, 2024. The amounts shown below are calculated in accordance with Item 402(v) of Regulation S-K:

 

Value of Initial Fixed $100

Investment Based on:

Summary

Compensation

Table Total

for PEO(1)

Compensation

Actually Paid

to PEO(3)

Average

Summary

Compensation

Table Total

for non-PEO

Named

Executive

Officers(2)

Average

Compensation

Actually Paid

to non-PEO

Named

Executive

Officers(3)

Addus

Total

Shareholder

Return(4)

Peer Group

Shareholder

Return(4)

Net

Income

($ in thousands)(5)

Adjusted EBITDA

($ in thousands)(6)

Name

($)

($)

($)

($)

($)

($)

2024

5,549,980

7,413,974

1,967,555

2,550,592

128.89

35.49

73,598

140,290

2023

4,169,841

3,946,859

1,521,762

1,393,237

95.48

37.64

62,516

121,020

2022

3,739,579

4,243,735

1,499,048

1,717,310

102.32

37.60

46,025

101,480

2021

3,444,664

1,715,387

1,845,240

1,260,316

96.19

37.29

45,126

97,661

2020

3,708,442

4,250,192

1,293,624

1,500,491

120.44

29.23

33,133

76,907

 

(1)

The dollar amounts reported in the column reflect the amounts of total compensation reported for Mr. Allison (our principal executive officer, or “PEO”) for each corresponding year in the “Total” column of the Summary Compensation Table. Mr. Allison was our principal executive officer for the years ended 2024, 2023, 2022, 2021 and 2020.

 

(2)

The dollar amounts reported in the column reflect the average amounts of total compensation reported for our non-PEO NEOs for each corresponding year in the “Total” column of the Summary Compensation Table. In 2024, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Darby Anderson and Sean Gaffney. In 2023, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Darby Anderson and Sean Gaffney. In 2022, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Monica Raines and Cliff Blessing. In 2021, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Roberton Stevenson and Darby Anderson. In 2020, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Sean Gaffney and Darby Anderson.

 

(3)

Amounts are calculated in accordance with Item 402(v) and do not reflect actual amounts of compensation paid to our PEO and other Non-PEO NEOs. See table below for detail of amounts deducted and added to the Summary Compensation Table figure to calculate compensation actually paid.

 

PEO($)

2024

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2023

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2022

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2021

Average of

Non-PEO

NEOs($)

PEO($)

 

2020

Average of

Non-PEO

NEOs($)

Total Compensation as reported on Summary Compensation Table

5,549,980

1,967,555

 

4,169,841

 

1,521,762

 

3,739,579

 

1,499,048

 

3,444,664

 

1,845,240

3,708,442

 

1,293,624

Less Fair Value of stock awards reported in Summary Compensation Table

3,080,009

899,509

 

1,874,985

 

524,990

 

1,924,993

 

507,696

 

1,650,059

 

941,938

2,126,589

 

567,086

Fair value of equity compensation granted in current year - value at year-end

4,333,099

1,265,471

 

1,664,522

 

466,061

 

2,719,261

 

757,666

 

1,271,923

 

750,084

2,441,678

 

651,108

Change in fair value from end of prior fiscal to end of awards made in prior fiscal years that were unvested at end of current fiscal year

684,483

246,919

 

(151,093)

 

(69,962)

 

95,794

 

42,688

 

(833,209)

 

(282,215)

1,008,853

 

431,475

Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year

(73,579)

(29,844)

 

138,575

 

366

 

(385,905)

 

(74,395)

 

(517,933)

 

(110,856)

(782,191)

 

(308,630)

Compensation Actually Paid

7,413,974

2,550,592

 

3,946,859

 

1,393,237

 

4,243,735

 

1,717,310

 

1,715,387

 

1,260,316

4,250,192

 

1,500,491

 

(4)

Total shareholder return assumes that $100 was invested in our common stock and the peer group composite index on December 31, 2019 and reflects the value, as of December 31 of each covered year in the table above, of such investment. This shareholder return assumes reinvestment of all dividends. The peer group reflects the peer group composite index used in the Stock Performance Graph included in our Annual Report on Form 10-K.

 

 

 

(5)

Dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.

 

 

(6)

For the Company’s definition of adjusted EBITDA, refer to Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024. The Company has determined that adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s named executive officers for the most recently completed fiscal year. In 2024, as discussed above in “Compensation Discussion and Analysis,” the Company reflected the impact of New York rate increases that were retroactive to services performed in prior years.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote

(2)

The dollar amounts reported in the column reflect the average amounts of total compensation reported for our non-PEO NEOs for each corresponding year in the “Total” column of the Summary Compensation Table. In 2024, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Darby Anderson and Sean Gaffney. In 2023, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Darby Anderson and Sean Gaffney. In 2022, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Monica Raines and Cliff Blessing. In 2021, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Roberton Stevenson and Darby Anderson. In 2020, our non-PEO NEOs were Brian Poff, W. Bradley Bickham, Sean Gaffney and Darby Anderson.

       
Peer Group Issuers, Footnote

(4)

Total shareholder return assumes that $100 was invested in our common stock and the peer group composite index on December 31, 2019 and reflects the value, as of December 31 of each covered year in the table above, of such investment. This shareholder return assumes reinvestment of all dividends. The peer group reflects the peer group composite index used in the Stock Performance Graph included in our Annual Report on Form 10-K.

 

 
       
PEO Total Compensation Amount $ 5,549,980 $ 4,169,841 $ 3,739,579 $ 3,444,664 $ 3,708,442
PEO Actually Paid Compensation Amount $ 7,413,974 3,946,859 4,243,735 1,715,387 4,250,192
Adjustment To PEO Compensation, Footnote

(3)

Amounts are calculated in accordance with Item 402(v) and do not reflect actual amounts of compensation paid to our PEO and other Non-PEO NEOs. See table below for detail of amounts deducted and added to the Summary Compensation Table figure to calculate compensation actually paid.

 

PEO($)

2024

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2023

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2022

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2021

Average of

Non-PEO

NEOs($)

PEO($)

 

2020

Average of

Non-PEO

NEOs($)

Total Compensation as reported on Summary Compensation Table

5,549,980

1,967,555

 

4,169,841

 

1,521,762

 

3,739,579

 

1,499,048

 

3,444,664

 

1,845,240

3,708,442

 

1,293,624

Less Fair Value of stock awards reported in Summary Compensation Table

3,080,009

899,509

 

1,874,985

 

524,990

 

1,924,993

 

507,696

 

1,650,059

 

941,938

2,126,589

 

567,086

Fair value of equity compensation granted in current year - value at year-end

4,333,099

1,265,471

 

1,664,522

 

466,061

 

2,719,261

 

757,666

 

1,271,923

 

750,084

2,441,678

 

651,108

Change in fair value from end of prior fiscal to end of awards made in prior fiscal years that were unvested at end of current fiscal year

684,483

246,919

 

(151,093)

 

(69,962)

 

95,794

 

42,688

 

(833,209)

 

(282,215)

1,008,853

 

431,475

Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year

(73,579)

(29,844)

 

138,575

 

366

 

(385,905)

 

(74,395)

 

(517,933)

 

(110,856)

(782,191)

 

(308,630)

Compensation Actually Paid

7,413,974

2,550,592

 

3,946,859

 

1,393,237

 

4,243,735

 

1,717,310

 

1,715,387

 

1,260,316

4,250,192

 

1,500,491
       
Non-PEO NEO Average Total Compensation Amount $ 1,967,555 1,521,762 1,499,048 1,845,240 1,293,624
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,550,592 1,393,237 1,717,310 1,260,316 1,500,491
Adjustment to Non-PEO NEO Compensation Footnote

(3)

Amounts are calculated in accordance with Item 402(v) and do not reflect actual amounts of compensation paid to our PEO and other Non-PEO NEOs. See table below for detail of amounts deducted and added to the Summary Compensation Table figure to calculate compensation actually paid.

 

PEO($)

2024

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2023

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2022

Average of

Non-PEO

NEOs($)

 

PEO($)

 

2021

Average of

Non-PEO

NEOs($)

PEO($)

 

2020

Average of

Non-PEO

NEOs($)

Total Compensation as reported on Summary Compensation Table

5,549,980

1,967,555

 

4,169,841

 

1,521,762

 

3,739,579

 

1,499,048

 

3,444,664

 

1,845,240

3,708,442

 

1,293,624

Less Fair Value of stock awards reported in Summary Compensation Table

3,080,009

899,509

 

1,874,985

 

524,990

 

1,924,993

 

507,696

 

1,650,059

 

941,938

2,126,589

 

567,086

Fair value of equity compensation granted in current year - value at year-end

4,333,099

1,265,471

 

1,664,522

 

466,061

 

2,719,261

 

757,666

 

1,271,923

 

750,084

2,441,678

 

651,108

Change in fair value from end of prior fiscal to end of awards made in prior fiscal years that were unvested at end of current fiscal year

684,483

246,919

 

(151,093)

 

(69,962)

 

95,794

 

42,688

 

(833,209)

 

(282,215)

1,008,853

 

431,475

Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year

(73,579)

(29,844)

 

138,575

 

366

 

(385,905)

 

(74,395)

 

(517,933)

 

(110,856)

(782,191)

 

(308,630)

Compensation Actually Paid

7,413,974

2,550,592

 

3,946,859

 

1,393,237

 

4,243,735

 

1,717,310

 

1,715,387

 

1,260,316

4,250,192

 

1,500,491
       
Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and Total Share Return

img135183890_5.jpg

        
Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income

 

img135183890_6.jpg

        
Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and Adjusted EBITDA

 

img135183890_7.jpg

        
Total Shareholder Return Vs Peer Group

Addus Total Shareholder Return and Peer Group Total Shareholder Return

img135183890_8.jpg

        
Tabular List, Table

Financial Performance Measures

As described in detail in “Compensation Discussion and Analysis,” our executive compensation program consists of several compensation elements, including equity compensation which is directly tied to the returns experienced by our shareholders. The financial performance measures used to link compensation actually paid to our named executive officers with the Company’s performance for 2024 are as follows:

 

• Adjusted EBITDA

• Total Shareholder Return

        
Total Shareholder Return Amount $ 128.89 95.48 102.32 96.19 120.44
Peer Group Total Shareholder Return Amount 35.49 37.64 37.6 37.29 29.23
Net Income (Loss) $ 73,598,000 $ 62,516,000 $ 46,025,000 $ 45,126,000 $ 33,133,000
Company Selected Measure Amount 140,290,000 121,020,000 101,480,000 97,661,000 76,907,000
PEO Name Mr. Allison Mr. Allison Mr. Allison Mr. Allison Mr. Allison
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description

(6)

For the Company’s definition of adjusted EBITDA, refer to Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024. The Company has determined that adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link compensation actually paid to the Company’s named executive officers for the most recently completed fiscal year. In 2024, as discussed above in “Compensation Discussion and Analysis,” the Company reflected the impact of New York rate increases that were retroactive to services performed in prior years.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (3,080,009) $ (1,874,985) $ (1,924,993) $ (1,650,059) $ (2,126,589)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,333,099 1,664,522 2,719,261 1,271,923 2,441,678
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 684,483 (151,093) 95,794 (833,209) 1,008,853
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (73,579) 138,575 (385,905) (517,933) (782,191)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (899,509) (524,990) (507,696) (941,938) (567,086)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,265,471 466,061 757,666 750,084 651,108
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 246,919 (69,962) 42,688 (282,215) 431,475
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (29,844) $ 366 $ (74,395) $ (110,856) $ (308,630)