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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 20,558 $ 14,271
Patient accounts receivable, less allowance for doubtful accounts of $1,556 and $1,669, respectively 35,106 32,891
Accounts receivable - other, less allowance for doubtful accounts of $198 and $198, respectively 1,939 1,503
Other current assets 6,058 6,186
Total current assets 63,661 54,851
Fixed assets:    
Furniture and equipment 44,157 42,003
Leasehold improvements 25,006 22,806
Fixed assets, gross 69,163 64,809
Less accumulated depreciation and amortization 52,501 49,045
Fixed assets, net 16,662 15,764
Goodwill 170,849 147,914
Other intangible assets, net 23,798 24,907
Other assets 1,175 1,115
Total assets 276,145 244,551
Current liabilities:    
Accounts payable - trade 1,662 1,782
Accrued expenses 18,287 22,839
Current portion of notes payable 1,412 883
Total current liabilities 21,361 25,504
Notes payable 1,679 234
Revolving line of credit 46,000 34,500
Deferred rent 1,192 991
Other long-term liabilities 10,769 8,732
Total liabilities $ 81,001 $ 69,961
Commitments and contingencies
Redeemable non-controlling interests $ 9,024 $ 7,376
U. S. Physical Therapy, Inc. shareholders' equity:    
Preferred stock, $.01 par value, 500,000 shares authorized, no shares issued and outstanding
Common stock, $.01 par value, 20,000,000 shares authorized, 14,635,874 and 14,487,346 shares issued, respectively $ 146 $ 145
Additional paid-in capital 45,536 43,577
Retained earnings 144,888 134,186
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total U. S. Physical Therapy, Inc. shareholders' equity 158,942 146,280
Non-controlling interests 27,178 20,934
Total equity 186,120 167,214
Total liabilities and stockholders' equity $ 276,145 $ 244,551