XML 19 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 152,441 $ 103,189
Restricted cash 0 75
Investment in marketable securities 117,656 116,539
Receivables, net 17,588 11,004
Receivables, net – related parties 59,328 48,136
Other receivables 15,919 16,885
Prepaid expenses and other current assets 11,188 10,315
Loans receivable 6,425 6,425
Loans receivable – related parties 0 16,500
Total current assets 380,545 329,068
Noncurrent assets    
Restricted cash 746 746
Land, property and equipment, net 11,485 12,130
Intangible assets, net 94,790 103,012
Goodwill 239,053 238,505
Investment in other entities – equity method 26,817 28,427
Investments in privately held entities 37,075 896
Operating lease right-of-use assets 20,219 14,248
Other assets 22,487 1,681
Total noncurrent assets 452,672 399,645
Total assets 833,217 728,713
Current liabilities    
Accounts payable and accrued expenses 24,788 27,279
Fiduciary accounts payable 1,853 2,027
Medical liabilities 70,273 58,725
Income taxes payable 42,210 4,529
Dividend payable 431 271
Finance lease liabilities 102 102
Operating lease liabilities 3,350 2,990
Current portion of long-term debt 9,500 9,500
Total current liabilities 152,507 105,423
Noncurrent liabilities    
Deferred tax liability 13,654 18,269
Finance lease liabilities, net of current portion 355 416
Operating lease liabilities, net of current portion 17,418 11,373
Long-term debt, net of current portion and deferred financing costs 230,455 232,172
Total noncurrent liabilities 261,882 262,230
Total liabilities 414,389 367,653
Commitments and contingencies (Note 11)
Mezzanine equity    
Noncontrolling interest in Allied Physicians of California, a Professional Medical Corporation 210,980 168,725
Stockholders’ equity    
Common stock, $0.001 par value per share; 100,000,000 shares authorized, 36,309,513 and 35,908,057 shares outstanding, excluding 17,475,707 and 17,458,810 treasury shares, at June 30, 2020, and December 31, 2019, respectively 36 36
Additional paid-in capital 163,986 159,608
Retained earnings 43,001 31,905
Retained earnings 207,023 191,549
Noncontrolling interest 825 786
Total stockholders’ equity 207,848 192,335
Total liabilities, mezzanine equity and stockholders’ equity 833,217 728,713
Series A Preferred Stock    
Stockholders’ equity    
Preferred stock 0 0
Series B Preferred Stock    
Stockholders’ equity    
Preferred stock $ 0 $ 0