XML 18 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 193,470 $ 103,189
Restricted cash 0 75
Investment in marketable securities 67,695 116,539
Receivables, net 7,058 11,004
Receivables, net – related parties 49,260 48,136
Other receivables 4,297 16,885
Prepaid expenses and other current assets 16,747 10,315
Loan receivable - short term 50 22,925
Total current assets 338,577 329,068
Noncurrent assets    
Land, property and equipment, net 29,890 12,130
Intangible assets, net 86,985 103,012
Goodwill 239,053 238,505
Loans receivable 480 0
Loans receivable – related parties 4,145 0
Investments in other entities – equity method 43,292 28,427
Investments in privately held entities 37,075 896
Restricted cash 500 746
Operating lease right-of-use assets 18,574 14,248
Other assets 18,915 1,681
Total noncurrent assets 478,909 399,645
Total assets [1] 817,486 728,713
Current liabilities    
Accounts payable and accrued expenses 36,143 27,279
Fiduciary accounts payable 9,642 2,027
Medical liabilities 50,330 58,725
Income taxes payable 4,224 4,529
Dividend payable 485 271
Finance lease liabilities 102 102
Operating lease liabilities 3,177 2,991
Current portion of long-term debt 10,889 9,500
Total current liabilities 114,992 105,424
Noncurrent liabilities    
Deferred tax liability 10,959 18,269
Finance lease liabilities, net of current portion 311 415
Operating lease liabilities, net of current portion 15,865 11,373
Long-term debt, net of current portion and deferred financing costs 230,211 232,172
Total noncurrent liabilities 257,346 262,229
Total liabilities [1] 372,338 367,653
Commitments and Contingencies (Note 13)
Mezzanine equity    
Noncontrolling interest in Allied Physicians of California, a Professional Medical Corporation ("APC") 114,237 168,725
Stockholders’ equity    
Common stock, par value $0.001; 100,000,000 shares authorized, 42,249,137 and 35,908,057 shares outstanding, excluding 12,323,164 and 17,458,810 treasury shares, at December 31, 2020 and 2019, respectively 42 36
Additional paid-in capital 261,011 159,608
Retained earnings 69,771 31,905
Stockholders' equity attributable to parent 330,824 191,549
Noncontrolling interest 87 786
Total stockholders’ equity 330,911 192,335
Total liabilities, mezzanine equity and stockholders’ equity 817,486 728,713
Series A Preferred stock, par value $0.001; 5,000,000 shares authorized (inclusive of Series B Preferred stock); 1,111,111 issued and zero outstanding    
Stockholders’ equity    
Preferred stock 0 0
Series B Preferred stock, par value $0.001; 5,000,000 shares authorized (inclusive of Series A Preferred stock); 555,555 issued and zero outstanding    
Stockholders’ equity    
Preferred stock $ 0 $ 0
[1] The Company's consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities ("VIEs"). The consolidated balance sheets include total assets that can be used only to settle obligations of the Company’s consolidated VIEs totaling $801.3 million and $849.3 million as of December 31, 2020 and December 31, 2019, respectively, and total liabilities of the Company’s consolidated VIEs for which creditors do not have recourse to the general credit of the primary beneficiary of $111.3 million and $114.5 million as of December 31, 2020 and December 31, 2019, respectively. See Note 18 – Variable Interest Entities (VIEs) for further detail.