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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 23,548 $ 23,368
Patient accounts receivable, less allowance for doubtful accounts of $2,698 and $2,672, respectively 46,228 44,751
Accounts receivable - other 9,823 6,742
Other current assets 5,787 4,353
Total current assets 85,386 79,214
Fixed assets:    
Furniture and equipment 54,942 52,611
Leasehold improvements 33,247 31,712
Fixed assets, gross 88,189 84,323
Less accumulated depreciation and amortization 66,099 64,154
Fixed assets, net 22,090 20,169
Operating lease right-of-use assets 81,586 0
Goodwill 317,676 293,525
Other identifiable intangible assets, net 52,588 48,828
Other assets 1,519 1,430
Total assets 560,845 443,166
Current liabilities:    
Accounts payable - trade 2,494 2,019
Accrued expenses 30,855 38,493
Current portion of operating lease liabilities 26,486 0
Current portion of notes payable 728 1,434
Total current liabilities 60,563 41,946
Notes payable, net of current portion 4,361 402
Revolving line of credit 46,000 38,000
Deferred taxes 10,071 9,012
Deferred rent 0 2,159
Operating lease liabilities, net of current portion 60,258 0
Other long-term liabilities 141 829
Total liabilities 181,394 92,348
Redeemable non-controlling interests - temporary equity 137,750 133,943
Commitments and contingencies (Note 10)
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, 14,989,337 and 14,899,233 shares issued, respectively 150 149
Additional paid-in capital 87,383 80,028
Retained earnings 184,352 167,396
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 240,257 215,945
Non-controlling interests - permanent equity 1,444 930
Total USPH shareholders' equity and non-controlling interests 241,701 216,875
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 560,845 $ 443,166