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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 12,972 $ 14,271
Patient accounts receivable, less allowance for doubtful accounts of $1,618 and $1,669, respectively 34,830 32,891
Accounts receivable - other, less allowance for doubtful accounts of $198 and $198, respectively 1,338 1,503
Other current assets 6,509 6,186
Total current assets 55,649 54,851
Fixed assets:    
Furniture and equipment 43,495 42,003
Leasehold improvements 24,107 22,806
Fixed assets, gross 67,602 64,809
Less accumulated depreciation and amortization 51,098 49,045
Fixed assets, net 16,504 15,764
Goodwill 170,914 147,914
Other intangible assets, net 24,167 24,907
Other assets 1,086 1,115
Total assets 268,320 244,551
Current liabilities:    
Accounts payable - trade 1,451 1,782
Accrued expenses 19,446 22,839
Current portion of notes payable 800 883
Total current liabilities 21,697 25,504
Notes payable 1,059 234
Revolving line of credit 41,000 34,500
Deferred rent 1,040 991
Other long-term liabilities 10,925 8,732
Total liabilities $ 75,721 $ 69,961
Commitments and contingencies    
Redeemable non-controlling interests $ 10,585 $ 7,376
U. S. Physical Therapy, Inc. shareholders' equity:    
Preferred stock, $.01 par value, 500,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $.01 par value, 20,000,000 shares authorized, 14,635,674 and 14,487,346 shares issued, respectively 146 145
Additional paid-in capital 45,829 43,577
Retained earnings 140,933 134,186
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total U. S. Physical Therapy, Inc. shareholders' equity 155,280 146,280
Non-controlling interests 26,734 20,934
Total equity 182,014 167,214
Total liabilities and stockholders' equity $ 268,320 $ 244,551