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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 25,154 $ 20,047
Patient accounts receivable, less allowance for doubtful accounts of $1,853 and $1,792, respectively 43,244 38,840
Accounts receivable - other 6,346 2,649
Other current assets 3,827 4,428
Total current assets 78,571 65,964
Fixed assets:    
Furniture and equipment 49,820 48,426
Leasehold improvements 27,582 26,765
Fixed assets, gross 77,402 75,191
Less accumulated depreciation and amortization 57,235 56,018
Fixed assets, net 20,167 19,173
Goodwill 244,446 226,806
Other identifiable intangible assets, net 43,213 38,060
Other assets 1,274 1,228
Total assets 387,671 351,231
Current liabilities:    
Accounts payable - trade 1,996 1,634
Accrued expenses 30,820 21,756
Current portion of notes payable 1,219 1,227
Total current liabilities 34,035 24,617
Notes payable 4,802 4,596
Revolving line of credit 58,000 46,000
Mandatorily redeemable non-controlling interests 80,154 69,190
Deferred taxes 15,486 15,736
Deferred rent 1,809 1,575
Other long-term liabilities 671 829
Total liabilities 194,957 162,543
Commitments and contingencies
U.S. Physical Therapy, Inc. ("USPH") 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, 14,792,744 and 14,732,699 shares issued, respectively 147 147
Additional paid-in capital 70,132 68,687
Retained earnings 152,642 150,342
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 191,293 187,548
Non-controlling interests 1,421 1,140
Total USPH shareholders' equity and non-controlling interests 192,714 188,688
Total liabilities, USPH shareholders' equity and non-controlling interests $ 387,671 $ 351,231