XML 16 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 21,933 $ 20,047
Patient accounts receivable, less allowance for doubtful accounts of $2,273 and $1,792, respectively 44,707 38,840
Accounts receivable - other 5,655 2,649
Other current assets 4,786 4,428
Total current assets 77,081 65,964
Fixed assets:    
Furniture and equipment 51,100 48,426
Leasehold improvements 29,760 26,765
Fixed assets, gross 80,860 75,191
Less accumulated depreciation and amortization 60,475 56,018
Fixed assets, net 20,385 19,173
Goodwill 271,338 226,806
Other identifiable intangible assets, net 48,954 38,060
Other assets 1,224 1,228
Total assets 418,982 351,231
Current liabilities:    
Accounts payable - trade 2,165 1,634
Accrued expenses 33,342 21,756
Current portion of notes payable 4,044 1,227
Total current liabilities 39,551 24,617
Notes payable, net of current portion 2,728 4,596
Revolving line of credit 54,000 46,000
Mandatorily redeemable non-controlling interests 327 69,190
Deferred taxes 10,875 15,736
Deferred rent 2,116 1,575
Other long-term liabilities 743 829
Total liabilities 110,340 162,543
Redeemable non-controlling interests 102,572 0
Commitments and contingencies (Note 16)
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, 14,809,299 and 14,732,699 shares issued, respectively 148 147
Additional paid-in capital 73,940 68,687
Retained earnings 162,406 150,342
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 204,866 187,548
Non-controlling interests 1,204 1,140
Total USPH shareholders' equity and non-controlling interests 206,070 188,688
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 418,982 $ 351,231