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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 30,129 $ 23,548
Patient accounts receivable, less allowance for doubtful accounts of $2,154 and $2,698, respectively 39,439 46,228
Accounts receivable - other 9,878 9,823
Other current assets 3,198 5,787
Total current assets 82,644 85,386
Fixed assets:    
Furniture and equipment 55,411 54,942
Leasehold improvements 34,111 33,247
Fixed assets, gross 89,522 88,189
Less accumulated depreciation and amortization 68,048 66,099
Fixed assets, net 21,474 22,090
Operating lease right-of-use assets 78,784 81,586
Goodwill 336,946 317,676
Other identifiable intangible assets, net 54,060 52,588
Other assets 1,530 1,519
Total assets 575,438 560,845
Current liabilities:    
Accounts payable - trade 1,060 2,494
Accrued expenses 60,236 30,855
Current portion of operating lease liabilities 26,905 26,486
Current portion of notes payable 4,999 728
Total current liabilities 93,200 60,563
Notes payable, net of current portion 509 4,361
Revolving line of credit 7,000 46,000
Deferred taxes 8,570 10,071
Operating lease liabilities, net of current portion 60,137 60,258
Other long-term liabilities 349 141
Total liabilities 169,765 181,394
Redeemable non-controlling interests - temporary equity 139,801 137,750
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, 15,065,087 and 14,989,337 shares issued, respectively 151 150
Additional paid-in capital 93,195 87,383
Retained earnings 203,201 184,352
Treasury stock at cost, 2,214,737 shares (31,628) (31,628)
Total USPH shareholders' equity 264,919 240,257
Non-controlling interests - permanent equity 953 1,444
Total USPH shareholders' equity and non-controlling interests 265,872 241,701
Total liabilities, redeemable non-controlling interests, USPH shareholders' equity and non-controlling interests $ 575,438 $ 560,845