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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 27,148 $ 21,933
Patient accounts receivable, less allowance for doubtful accounts of $2,790 and $2,273, respectively 45,424 44,707
Accounts receivable - other 8,589 5,655
Other current assets 5,247 4,786
Total current assets 86,408 77,081
Fixed assets:    
Furniture and equipment 51,923 51,100
Leasehold improvements 30,421 29,760
Fixed assets, gross 82,344 80,860
Less accumulated depreciation and amortization 62,652 60,475
Fixed assets, net 19,692 20,385
Goodwill 284,624 271,338
Other identifiable intangible assets, net 48,435 48,954
Other assets 1,384 1,224
Total assets 440,543 418,982
Current liabilities:    
Accounts payable - trade 1,705 2,165
Accrued expenses 35,367 33,342
Current portion of notes payable 4,817 4,044
Total current liabilities 41,889 39,551
Notes payable, net of current portion 607 2,728
Revolving line of credit 56,000 54,000
Mandatorily redeemable non-controlling interests 0 327
Deferred taxes 9,584 10,875
Deferred rent 1,913 2,116
Other long-term liabilities 775 743
Total liabilities 110,768 110,340
Redeemable non-controlling interests 117,027 102,572
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, 14,900,575 and 14,809,299 shares issued, respectively 149 148
Additional paid-in capital 77,099 73,940
Retained earnings 165,991 162,406
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 211,611 204,866
Non-controlling interests 1,137 1,204
Total USPH shareholders' equity and non-controlling interests 212,748 206,070
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 440,543 $ 418,982