XML 31 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 22,635 $ 3,354
Accounts receivable, net of allowance for doubtful accounts of $46,425 and $82,278 at 2014 and 2015, respectively 574,845 444,269
Current deferred tax asset 23,346 15,991
Prepaid income taxes 2,303 17,888
Other current assets 78,402 46,142
Total Current Assets 701,531 527,644
Property and equipment, net 800,430 542,310
Goodwill 2,367,228 1,642,083
Other identifiable intangibles 258,640 72,519
Other assets 186,576 140,253
Total Assets 4,314,405 2,924,809
Current Liabilities:    
Bank overdrafts 24,099 21,746
Less: current maturities 17,666 10,874
Accounts payable 118,617 108,532
Accrued payroll 132,872 97,090
Accrued vacation 72,475 63,132
Accrued interest 25,300 10,674
Accrued other 131,460 82,376
Total Current Liabilities 522,489 394,424
Long-term debt, net of current portion 2,333,078 1,542,102
Non-current deferred tax liability 182,963 109,203
Other non-current liabilities 145,277 92,855
Total Liabilities $ 3,183,807 $ 2,138,584
Commitments and contingencies (Note 11)
Redeemable non-controlling interests $ 257,122 $ 10,985
Stockholders' Equity:    
Common stock 131 131
Capital in excess of par 419,477 413,706
Retained earnings (accumulated deficit) 405,689 325,678
Total Select Medical Holdings Corporation and Select Medical Corporation Stockholders' Equity 825,297 739,515
Non-controlling interest 48,179 35,725
Total Equity 873,476 775,240
Total Liabilities and Equity 4,314,405 2,924,809
Select    
Current Assets:    
Cash and cash equivalents 22,635 3,354
Accounts receivable, net of allowance for doubtful accounts of $46,425 and $82,278 at 2014 and 2015, respectively 574,845 444,269
Current deferred tax asset 23,346 15,991
Prepaid income taxes 2,303 17,888
Other current assets 78,402 46,142
Total Current Assets 701,531 527,644
Property and equipment, net 800,430 542,310
Goodwill 2,367,228 1,642,083
Other identifiable intangibles 258,640 72,519
Other assets 186,576 140,253
Total Assets 4,314,405 2,924,809
Current Liabilities:    
Bank overdrafts 24,099 21,746
Less: current maturities 17,666 10,874
Accounts payable 118,617 108,532
Accrued payroll 132,872 97,090
Accrued vacation 72,475 63,132
Accrued interest 25,300 10,674
Accrued other 131,460 82,376
Total Current Liabilities 522,489 394,424
Long-term debt, net of current portion 2,333,078 1,542,102
Non-current deferred tax liability 182,963 109,203
Other non-current liabilities 145,277 92,855
Total Liabilities $ 3,183,807 $ 2,138,584
Commitments and contingencies (Note 11)
Redeemable non-controlling interests $ 257,122 $ 10,985
Stockholders' Equity:    
Common stock 0 0
Capital in excess of par 898,968 885,407
Retained earnings (accumulated deficit) (73,671) (145,892)
Total Select Medical Holdings Corporation and Select Medical Corporation Stockholders' Equity 825,297 739,515
Non-controlling interest 48,179 35,725
Total Equity 873,476 775,240
Total Liabilities and Equity $ 4,314,405 $ 2,924,809