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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 19,206 $ 15,778
Patient accounts receivable, less allowance for doubtful accounts of $1,568 and $1,444, respectively 38,217 36,231
Accounts receivable - other, less allowance for doubtful accounts of $-0- and $198, respectively 2,345 2,388
Other current assets 8,298 5,785
Total current assets 68,066 60,182
Fixed assets:    
Furniture and equipment 45,654 44,749
Leasehold improvements 25,547 25,160
Fixed assets, gross 71,201 69,909
Less accumulated depreciation and amortization 54,512 53,255
Fixed assets, net 16,689 16,654
Goodwill 191,051 171,547
Other identifiable intangible assets, net 34,428 30,296
Other assets 1,200 1,234
Total assets 311,434 279,913
Current liabilities:    
Accounts payable - trade 2,244 1,636
Accrued expenses 20,684 16,596
Current portion of notes payable 1,253 775
Total current liabilities 24,181 19,007
Notes payable 4,621 4,335
Revolving line of credit 52,500 44,000
Deferred rent 1,391 1,395
Deferred taxes 10,789 8,355
Other long-term liabilities 914 868
Total liabilities $ 94,396 $ 77,960
Commitments and contingencies
Redeemable non-controlling interests $ 7,591 $ 8,843
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, 14,717,463 and 14,635,874 shares issued, respectively 147 146
Additional paid-in capital 46,563 45,251
Retained earnings 152,219 149,016
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total U. S. Physical Therapy, Inc. shareholders' equity 167,301 162,785
Non-controlling interests 42,146 30,325
Total equity 209,447 193,110
Total liabilities and equity $ 311,434 $ 279,913