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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 15,024 $ 15,778
Patient accounts receivable, less allowance for doubtful accounts of $1,770 and $1,444, respectively 38,522 36,231
Accounts receivable - other, less allowance for doubtful accounts of $-0- and $198, respectively 2,272 2,388
Other current assets 10,800 5,785
Total current assets 66,618 60,182
Fixed assets:    
Furniture and equipment 46,996 44,749
Leasehold improvements 26,206 25,160
Fixed assets, gross 73,202 69,909
Less accumulated depreciation and amortization 55,760 53,255
Fixed assets, net 17,442 16,654
Goodwill 191,231 171,547
Other identifiable intangible assets, net 33,389 30,296
Other assets 1,221 1,234
Total assets 309,901 279,913
Current liabilities:    
Accounts payable - trade 2,181 1,636
Accrued expenses 23,216 16,596
Current portion of notes payable 986 775
Total current liabilities 26,383 19,007
Notes payable 4,546 4,335
Revolving line of credit 36,000 44,000
Deferred rent 1,313 1,395
Deferred taxes 13,727 8,355
Other long-term liabilities 860 868
Total liabilities 82,829 77,960
Commitments and contingencies
Redeemable non-controlling interests 8,334 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, 14,734,963 and 14,635,874 shares issued, respectively 147 146
Additional paid-in capital 49,506 45,251
Retained earnings 160,746 149,016
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total U. S. Physical Therapy, Inc. shareholders' equity 178,771 162,785
Non-controlling interests 39,967 30,325
Total equity 218,738 193,110
Total liabilities and equity $ 309,901 $ 279,913