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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 89,551 $ 23,548
Patient accounts receivable, less allowance for doubtful accounts of $2,557 and $2,698, respectively 42,649 46,228
Accounts receivable - other 11,650 9,823
Other current assets 4,822 5,787
Total current assets 148,672 85,386
Fixed assets:    
Furniture and equipment 56,873 54,942
Leasehold improvements 32,873 33,247
Fixed assets, gross 89,746 88,189
Less accumulated depreciation and amortization 66,764 66,099
Fixed assets, net 22,982 22,090
Operating lease right-of-use assets 83,619 81,586
Goodwill 330,769 317,676
Other identifiable intangible assets, net 55,648 52,588
Other assets 1,563 1,519
Total assets 643,253 560,845
Current liabilities:    
Accounts payable - trade 2,950 2,494
Accrued expenses 40,645 30,855
Current portion of operating lease liabilities 26,826 26,486
Current portion of notes payable 728 728
Total current liabilities 71,149 60,563
Notes payable, net of current portion 4,602 4,361
Revolving line of credit 114,000 46,000
Deferred taxes 7,743 10,071
Operating lease liabilities, net of current portion 62,577 60,258
Other long-term liabilities 380 141
Total liabilities 260,451 181,394
Redeemable non-controlling interests - temporary equity 140,498 137,750
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, 15,058,804 and 14,989,337 shares issued, respectively 151 150
Additional paid-in capital 89,756 87,383
Retained earnings 182,785 184,352
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 241,064 240,257
Non-controlling interests - permanent equity 1,240 1,444
Total USPH shareholders' equity and non-controlling interests 242,304 241,701
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 643,253 $ 560,845