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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 20,238 $ 23,368
Patient accounts receivable, less allowance for doubtful accounts of $2,692 and $2,672, respectively 48,443 44,751
Accounts receivable - other 7,237 6,742
Other current assets 5,238 4,353
Total current assets 81,156 79,214
Fixed assets:    
Furniture and equipment 53,267 52,611
Leasehold improvements 33,089 31,712
Fixed assets, gross 86,356 84,323
Less accumulated depreciation and amortization 65,197 64,154
Fixed assets, net 21,159 20,169
Operating lease right-of-use assets 77,870 0
Goodwill 293,338 293,525
Other identifiable intangible assets, net 48,125 48,828
Other assets 1,439 1,430
Total assets 523,087 443,166
Current liabilities:    
Accounts payable - trade 1,894 2,019
Accrued expenses 39,237 38,493
Current portion of operating lease liabilities 26,733 0
Current portion of notes payable 1,066 1,434
Total current liabilities 68,930 41,946
Notes payable, net of current portion 516 402
Revolving line of credit 29,000 38,000
Deferred taxes 9,872 9,012
Deferred rent 0 2,159
Operating lease liabilities, net of current portion 55,834 0
Other long-term liabilities 566 829
Total liabilities 164,718 92,348
Redeemable non-controlling interests 137,196 133,943
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, 14,975,829 and 14,899,233 shares issued, respectively 149 149
Additional paid-in capital 82,295 80,028
Retained earnings 168,952 167,396
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 219,768 215,945
Non-controlling interests 1,405 930
Total USPH shareholders' equity and non-controlling interests 221,173 216,875
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 523,087 $ 443,166