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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 15,778 $ 14,271
Patient accounts receivable, less allowance for doubtful accounts of $1,444 and $1,669, respectively 36,231 32,891
Accounts receivable - other, less allowance for doubtful accounts of $198 and $198, respectively 2,388 1,503
Other current assets 5,785 6,186
Total current assets 60,182 54,851
Fixed assets:    
Furniture and equipment 44,749 42,003
Leasehold improvements 25,160 22,806
Fixed assets, gross 69,909 64,809
Less accumulated depreciation and amortization 53,255 49,045
Fixed assets, net 16,654 15,764
Goodwill 171,547 147,914
Other identifiable intangible assets, net 30,296 24,907
Other assets 1,234 1,115
Total assets 279,913 244,551
Current liabilities:    
Accounts payable - trade 1,636 1,782
Accrued expenses 16,596 22,839
Current portion of notes payable 775 883
Total current liabilities 19,007 25,504
Notes payable 4,335 234
Revolving line of credit 44,000 34,500
Deferred rent 1,395 991
Deferred taxes and other long-term liabilities 9,223 8,732
Total liabilities $ 77,960 $ 69,961
Commitments and contingencies
Redeemable non-controlling interests $ 8,843 $ 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, 14,635,874 and 14,487,346 shares issued, respectively 146 145
Additional paid-in capital 45,251 43,577
Retained earnings 149,016 134,186
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total U.S. Physical Therapy, Inc. shareholders' equity 162,785 146,280
Non-controlling interests 30,325 20,934
Total equity 193,110 167,214
Total liabilities and equity $ 279,913 $ 244,551