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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 19,813 $ 21,933
Patient accounts receivable, less allowance for doubtful accounts of $2,517 and $2,273, respectively 46,228 44,707
Accounts receivable - other 6,504 5,655
Other current assets 3,050 4,786
Total current assets 75,595 77,081
Fixed assets:    
Furniture and equipment 51,569 51,100
Leasehold improvements 29,981 29,760
Fixed assets, gross 81,550 80,860
Less accumulated depreciation and amortization 61,742 60,475
Fixed assets, net 19,808 20,385
Goodwill 273,770 271,338
Other identifiable intangible assets, net 47,092 48,954
Other assets 1,357 1,224
Total assets 417,622 418,982
Current liabilities:    
Accounts payable - trade 1,722 2,165
Accrued expenses 38,342 33,342
Current portion of notes payable 5,317 4,044
Total current liabilities 45,381 39,551
Notes payable, net of current portion 782 2,728
Revolving line of credit 42,000 54,000
Mandatorily redeemable non-controlling interests 0 327
Deferred taxes 10,151 10,875
Deferred rent 2,005 2,116
Other long-term liabilities 733 743
Total liabilities 101,052 110,340
Redeemable non-controlling interests 108,085 102,572
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, 14,884,676 and 14,809,299 shares issued, respectively 149 148
Additional paid-in capital 75,543 73,940
Retained earnings 162,907 162,406
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 206,971 204,866
Non-controlling interests 1,514 1,204
Total USPH shareholders' equity and non-controlling interests 208,485 206,070
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 417,622 $ 418,982