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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 23,368 $ 21,933
Patient accounts receivable, less allowance for doubtful accounts of $2,672 and $2,273, respectively 44,751 44,707
Accounts receivable - other 6,742 5,655
Other current assets 4,353 4,786
Total current assets 79,214 77,081
Fixed assets:    
Furniture and equipment 52,611 51,100
Leasehold improvements 31,712 29,760
Fixed assets, gross 84,323 80,860
Less accumulated depreciation and amortization 64,154 60,475
Fixed assets, net 20,169 20,385
Goodwill 293,525 271,338
Other identifiable intangible assets, net 48,828 48,954
Other assets 1,430 1,224
Total assets 443,166 418,982
Current liabilities:    
Accounts payable - trade 2,019 2,165
Accrued expenses 38,493 33,342
Current portion of notes payable 1,434 4,044
Total current liabilities 41,946 39,551
Notes payable, net of current portion 402 2,728
Revolving line of credit 38,000 54,000
Mandatorily redeemable non-controlling interests 0 327
Deferred taxes 9,012 10,875
Deferred rent 2,159 2,116
Other long-term liabilities 829 743
Total liabilities 92,348 110,340
Redeemable non-controlling interests 133,943 102,572
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, 14,899,233 and 14,809,299 shares issued, respectively and 12,684,496 and 12,594,562 shares outstanding, respectively 149 148
Additional paid-in capital 80,028 73,940
Retained earnings 167,396 162,406
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 215,945 204,866
Non-controlling interests 930 1,204
Total USPH shareholders' equity and non-controlling interests 216,875 206,070
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 443,166 $ 418,982