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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 32,241 $ 21,933
Patient accounts receivable, less allowance for doubtful accounts of $2,690 and $2,273, respectively 43,899 44,707
Accounts receivable - other 9,609 5,655
Other current assets 4,908 4,786
Total current assets 90,657 77,081
Fixed assets:    
Furniture and equipment 52,473 51,100
Leasehold improvements 31,101 29,760
Fixed assets, gross 83,574 80,860
Less accumulated depreciation and amortization 63,608 60,475
Fixed assets, net 19,966 20,385
Goodwill 293,630 271,338
Other identifiable intangible assets, net 49,311 48,954
Other assets 1,405 1,224
Total assets 454,969 418,982
Current liabilities:    
Accounts payable - trade 2,067 2,165
Accrued expenses 40,128 33,342
Current portion of notes payable 4,769 4,044
Total current liabilities 46,964 39,551
Notes payable, net of current portion 659 2,728
Revolving line of credit 54,000 54,000
Mandatorily redeemable non-controlling interests 0 327
Deferred taxes 8,643 10,875
Deferred rent 1,864 2,116
Other long-term liabilities 835 743
Total liabilities 112,965 110,340
Redeemable non-controlling interests 128,906 102,572
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, 14,899,409 and 14,809,299 shares issued, respectively 149 148
Additional paid-in capital 78,542 73,940
Retained earnings 164,821 162,406
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 211,884 204,866
Non-controlling interests 1,214 1,204
Total USPH shareholders' equity and non-controlling interests 213,098 206,070
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 454,969 $ 418,982