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Equity
9 Months Ended
Sep. 30, 2013
Stockholders' Equity Note [Abstract]  
Equity
Equity
Changes in equity for the nine months ended September 30, 2013 and 2012 were as follows (in thousands, except share amounts):
 
Gentiva Shareholders
 
 
 
 
 
Common Stock
 
Additional
Paid-in Capital
 
Retained
Earnings
Accumulated (Deficit)
 
Treasury Stock
 
Noncontrolling Interests
 
 
 
Shares
 
Amount
 
 
 
 
 
Total
Balance at December 31, 2011
31,435,264

 
$
3,144

 
$
387,803

 
$
(178,131
)
 
$
(12,878
)
 
$
2,593

 
$
202,531

Comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
 
 
     Net income
—

 
—

 
—

 
18,226

 
—

 
624

 
18,850

Total comprehensive income
—

 
—

 
—

 
18,226

 
—

 
624

 
18,850

Equity-based compensation expense
—

 
—

 
5,722

 
—

 
—

 
—

 
5,722

Net issuance of stock upon exercise of stock options and under stock plans for employees and directors
391,177

 
39

 
2,381

 
—

 
—

 
—

 
2,420

Acquisition of non-controlling interest
—

 
—

 
—

 
—

 
—

 
(1,113
)
 
(1,113
)
Distribution to partnership interests
—

 
—

 
—

 
—

 
—

 
(685
)
 
(685
)
Treasury shares:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock repurchase (605,077 shares)
—

 
—

 
—

 
—

 
(4,974
)
 
—

 
(4,974
)
Balance at September 30, 2012
31,826,441

 
$
3,183

 
$
395,906

 
$
(159,905
)
 
$
(17,852
)
 
$
1,419

 
$
222,751

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2012
32,009,286

 
$
3,201

 
$
399,148

 
$
(151,335
)
 
$
(17,852
)
 
$
1,538

 
$
234,700

Comprehensive income:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
—

 
—

 
—

 
(197,110
)
 
—

 
425

 
(196,685
)
Total comprehensive (loss) income
—

 
—

 
—

 
(197,110
)
 
—

 
425

 
(196,685
)
Income tax expense associated with the exercise of non-qualified stock options
—

 
—

 
(330
)
 
—

 
—

 
—

 
(330
)
Equity-based compensation expense
—

 
—

 
5,984

 
—

 
—

 
—

 
5,984

Net issuance of stock upon exercise of stock options and under stock plans for employees and directors
640,805

 
64

 
2,392

 
—

 
—

 
—

 
2,456

Minority interest capital contribution
—

 
—

 
—

 
—

 
—

 
1,600

 
1,600

Distribution to partnership interests
—

 
—

 
—

 
—

 
—

 
(563
)
 
(563
)
Treasury shares:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock repurchase (25,801 shares) for payroll tax withholdings related to equity-based compensation
25,801

 
3

 
—

 
—

 
(286
)
 
—

 
(283
)
Balance at September 30, 2013
32,675,892

 
$
3,268

 
$
407,194

 
$
(348,445
)
 
$
(18,138
)
 
$
3,000

 
$
46,879

Comprehensive income amounted to $3.8 million and comprehensive loss amounted to $196.7 million for the third quarter and first nine months of 2013, respectively, as compared to comprehensive loss of $0.4 million and comprehensive income of $18.9 million for the third quarter and first nine months of 2012, respectively.
On March 13, 2012, the Company announced that its Board of Directors had authorized the repurchase of up to $5,000,000 of shares of the Company’s outstanding common stock (the “2012 Repurchase Program”). During the nine months ended September 30, 2012, the Company repurchased 605,077 shares of its common stock at an average cost of $8.22 per share and a total cost of approximately $5.0 million. As of September 30, 2013, the Company had remaining authorization under the 2012 Repurchase Program to repurchase common stock with an aggregate purchase price of up to $1.5 million, subject to the additional limitations set forth below.
The Company’s Credit Agreement provided for repurchases of the Company’s common stock not to exceed $5.0 million per year, and not to exceed $20.0 million per year if the consolidated leverage ratio was less than or equal to 3.5:1 immediately after giving effect on a pro forma basis to the repurchase. The indenture governing the Company’s Senior Notes also contains limitations on the Company’s repurchases of its common stock.