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Organization, Nature of Operations and Basis of Presentation (Tables) | 12 Months Ended
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Dec. 31, 2016
Organization, Nature of Operations and Basis of Presentation [Abstract] |
Schedule of Multi Clinic Acquisition | During 2016, 2015 and 2014, the Company completed the following multi-clinic acquisitions of physical therapy practices:
| Date |  |  | % Interest Acquired |  |  | Number of Clinics |
| 2016 |  |  |  |  |  |  |
February 2016 Acquisition | February 29 |  |  |  | 55 | % |  |  | 8 |
November 2016 Acquisition | November 30 |  |  |  | 60 | % |  |  | 12 |
| 2015 |  |  |  |  |  |  |  |  |
January 2015 Acquisition | January 31 |  |  |  | 60 | % |  |  | 9 |
April 2015 Acquisition | April 30 |  |  |  | 70 | % |  |  | 3 |
June 2015 Acquisition | June 30 |  |  |  | 70 | % |  |  | 4 |
December 2015 Acquisition | December 31 |  |  |  | 59 | % |  |  | 4 |
| 2014 |  |  |  |  |  |  |  |  |
April 2014 Acquisition | April 30 |  |  |  | 70 | % |  |  | 13 |
August 2014 Acquisition | August 1 |  |  |  | 100 | % |  |  | 3 |
Consolidated Balance Sheet | Consolidated Balance Sheet on December 31, 2015:
Description |  | As Reported |  |  | Adjustment |  |  | As Restated |
Goodwill |  | $ | 171,457 |  |  | $ | 23,916 |  |  | $ | 195,373 |
Total assets |  | $ | 279,913 |  |  | $ | 23,844 |  |  | $ | 303,757 |
MRNCI (1) |  |  | - |  |  | $ | 45,974 |  |  | $ | 45,974 |
Deferred taxes (liability) |  | $ | 8,355 |  |  | $ | 7,153 |  |  | $ | 15,508 |
Total liabilities |  | $ | 77,960 |  |  | $ | 53,487 |  |  | $ | 131,447 |
RNCI (2) |  | $ | 8,843 |  |  | $ | (8,843 | ) |  |  | - |
Additional paid-in capital |  | $ | 45,251 |  |  | $ | 18,987 |  |  | $ | 64,238 |
Retained earnings |  | $ | 149,016 |  |  | $ | (10,715 | ) |  | $ | 138,301 |
Total liabilities and equity |  | $ | 279,913 |  |  | $ | 23,844 |  |  | $ | 303,757 |
| (1) | Mandatorily redeemable non-controlling interests
| (2) | Redeemable non-controlling interests
Consolidated Statement of Net Income | Consolidated Statement of Net Income for the Year Ended December 31, 2015:
Description |  | As Reported |  |  | Adjustment |  |  | As Restated |
Interest expense |  |  |  |  |  |  |  |  |
MRNCI (1) – changes in redemption value |  |  | - |  |  | $ | 2,670 |  |  | $ | 2,670 |
MRNCI (1) – earnings allocable |  |  | - |  |  | $ | 3,538 |  |  | $ | 3,538 |
Total interest expense |  | $ | 1,031 |  |  | $ | 6,208 |  |  | $ | 7,239 |
Net income before taxes |  | $ | 46,344 |  |  | $ | (6,208 | ) |  | $ | 40,136 |
Provision for income taxes |  | $ | 14,653 |  |  | $ | (1,006 | ) |  | $ | 13,647 |
Net income |  | $ | 31,691 |  |  | $ | (5,202 | ) |  | $ | 26,489 |
Less: net income attributable to non-controlling interests |  | $ | 9,412 |  |  | $ | (3,538 | ) |  | $ | 5,874 |
Net income attributable to USPH shareholders |  | $ | 22,279 |  |  | $ | (1,664 | ) |  | $ | 20,615 |
Earnings per share |  | $ | 1.77 |  |  | $ | (0.11 | ) |  | $ | 1.66 |
| (1) | See above.
Consolidated Statement of Net Income for the Year Ended December 31, 2014:
Description |  | As Reported |  |  | Adjustment |  |  | As Restated |
Interest expense |  |  |  |  |  |  |  |  |
MRNCI (1) – change in redemption value |  |  | - |  |  | $ | 2,978 |  |  | $ | 2,978 |
MRNCI (1) – earnings allocable |  |  | - |  |  | $ | 3,388 |  |  | $ | 3,388 |
Total interest expense |  | $ | 1,088 |  |  | $ | 6,366 |  |  | $ | 7,454 |
Net income before taxes |  | $ | 44,698 |  |  | $ | (6,366 | ) |  | $ | 38,332 |
Provision for income taxes |  | $ | 14,274 |  |  | $ | (1,256 | ) |  | $ | 13,018 |
Net income |  | $ | 30,424 |  |  | $ | (5,110 | ) |  | $ | 25,314 |
Less: net income attributable to non-controlling interests |  | $ | 9,571 |  |  | $ | (3,388 | ) |  | $ | 6,183 |
Net income attributable to USPH shareholders |  | $ | 20,853 |  |  | $ | (1,722 | ) |  | $ | 19,131 |
Earnings per share |  | $ | 1.62 |  |  | $ | (0.05 | ) |  | $ | 1.57 |
| (1) | See above.
Consolidated Statement of Cash Flows | Consolidated Statement of Cash Flows for the Year Ended December 31, 2015:
Description |  | As Reported |  |  | Adjustment |  |  | As Restated |
Net income |  | $ | 31,691 |  |  | $ | (5,202 | ) |  | $ | 26,489 |
Deferred taxes |  | $ | 7,001 |  |  | $ | (1,048 | ) |  | $ | 5,953 |
(Increase) decrease in other assets |  | $ | (1,477 | ) |  | $ | 102 |  |  | $ | (1,375 | )
(Decrease) increase in accounts payable and accrued expenses |  | $ | (7,013 | ) |  | $ | 2 |  |  | $ | (7,011 | )
Increase in mandatorily redeemable non-controlling interest |  | $ | - |  |  | $ | 2,509 |  |  | $ | 2,509 |
(Decrease) increase in other liabilities |  | $ | 1,482 |  |  | $ | (86 | ) |  | $ | 1,396 |
Net cash provided by operating activities |  | $ | 41,243 |  |  | $ | (3,723 | ) |  | $ | 37,520 |
Acquisitions of non-controlling interests |  | $ | (7,083 | ) |  | $ | 6,115 |  |  | $ | (968 | )
Net cash used in investing activities |  | $ | (32,240 | ) |  | $ | 6,115 |  |  | $ | (26,125 | )
Distributions to non-controlling interests (including redeemable non-controlling interests) |  | $ | (9,632 | ) |  | $ | 9,632 |  |  | $ | - |
Distributions to non-controlling interests |  | $ | - |  |  | $ | (5,892 | ) |  | $ | (5,892 | )
Payments to settle mandatorily redeemable non-controlling interests |  | $ | - |  |  | $ | (6,115 | ) |  | $ | (6,115 | )
Other |  | $ | 22 |  |  | $ | (17 | ) |  | $ | 5 |
Net cash used in financing activities |  | $ | (7,496 | ) |  | $ | (2,392 | ) |  | $ | (9,888 | )
Consolidated Statement of Cash Flows for the Year Ended December 31, 2014:
Description |  | As Reported |  |  | Adjustment |  |  | As Restated |
Net income |  | $ | 30,424 |  |  | $ | (5,110 | ) |  | $ | 25,314 |
Deferred taxes |  | $ | 6,275 |  |  | $ | (1,169 | ) |  | $ | 5,106 |
(Increase) decrease in other assets |  | $ | (2,493 | ) |  | $ | 3,648 |  |  | $ | 1,155 |
Increase in mandatorily redeemable non-controlling interest |  | $ | - |  |  | $ | 2,936 |  |  | $ | 2,936 |
(Decrease) increase in other liabilities |  | $ | 730 |  |  | $ | (4,108 | ) |  | $ | (3,378 | )
Net cash provided by operating activities |  | $ | 45,194 |  |  | $ | (3,803 | ) |  | $ | 41,391 |
Acquisitions of non-controlling interests |  | $ | (5,490 | ) |  | $ | 5,263 |  |  | $ | (227 | )
Net cash used in investing activities |  | $ | (22,880 | ) |  | $ | 5,263 |  |  | $ | (17,617 | )
Distributions to non-controlling interests (including redeemable non-controlling interests) |  | $ | (9,913 | ) |  | $ | 9,913 |  |  | $ | - |
Distributions to non-controlling interests |  | $ | - |  |  | $ | (5,963 | ) |  | $ | (5,963 | )
Payments to settle mandatorily redeemable non-controlling interests |  | $ | - |  |  | $ | (5,233 | ) |  | $ | (5,233 | )
Other |  | $ | 222 |  |  | $ | (177 | ) |  | $ | 45 |
Net cash used in financing activities |  | $ | (20,941 | ) |  | $ | (1,460 | ) |  | $ | (22,401 | )

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