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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 27,856 $ 23,368
Patient accounts receivable, less allowance for doubtful accounts of $2,569 and $2,672, respectively 47,118 44,751
Accounts receivable - other 10,462 6,742
Other current assets 7,098 4,353
Total current assets 92,534 79,214
Fixed assets:    
Furniture and equipment 54,464 52,611
Leasehold improvements 31,948 31,712
Fixed assets, gross 86,412 84,323
Less accumulated depreciation and amortization 65,040 64,154
Fixed assets, net 21,372 20,169
Operating lease right-of-use assets 79,793 0
Goodwill 316,639 293,525
Other identifiable intangible assets, net 53,385 48,828
Other assets 1,470 1,430
Total assets 565,193 443,166
Current liabilities:    
Accounts payable - trade 2,863 2,019
Accrued expenses 33,573 38,493
Current portion of operating lease liabilities 25,644 0
Current portion of notes payable 718 1,434
Total current liabilities 62,798 41,946
Notes payable, net of current portion 4,292 402
Revolving line of credit 51,000 38,000
Deferred taxes 10,336 9,012
Deferred rent 0 2,159
Operating lease liabilities, net of current portion 58,921 0
Other long-term liabilities 718 829
Total liabilities 188,065 92,348
Redeemable non-controlling interests 139,801 133,943
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, 14,988,894 and 14,899,233 shares issued, respectively 150 149
Additional paid-in capital 85,828 80,028
Retained earnings 181,135 167,396
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 235,485 215,945
Non-controlling interests 1,842 930
Total USPH shareholders' equity and non-controlling interests 237,327 216,875
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 565,193 $ 443,166