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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 20,242 $ 20,047
Patient accounts receivable, less allowance for doubtful accounts of $1,859 and $1,792, respectively 46,770 38,840
Accounts receivable - other 5,662 2,649
Other current assets 6,932 4,428
Total current assets 79,606 65,964
Fixed assets:    
Furniture and equipment 50,644 48,426
Leasehold improvements 27,729 26,765
Fixed assets, gross 78,373 75,191
Less accumulated depreciation and amortization 58,200 56,018
Fixed assets, net 20,173 19,173
Goodwill 267,957 226,806
Other identifiable intangible assets, net 48,321 38,060
Other assets 1,268 1,228
Total assets 417,325 351,231
Current liabilities:    
Accounts payable - trade 1,613 1,634
Accrued expenses 31,235 21,756
Current portion of notes payable 2,345 1,227
Total current liabilities 35,193 24,617
Notes payable, net of current portion 4,351 4,596
Revolving line of credit 69,000 46,000
Mandatorily redeemable non-controlling interests 83,643 69,190
Deferred taxes 15,443 15,736
Deferred rent 1,789 1,575
Other long-term liabilities 0 829
Total liabilities 209,419 162,543
Redeemable non-controlling interests 11,940 0
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 71,197 68,687
Retained earnings 155,068 150,342
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 194,784 187,548
Non-controlling interests 1,182 1,140
Total USPH shareholders' equity and non-controlling interests 195,966 188,688
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 417,325 $ 351,231