XML 23 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 2,453 $ 4,995
Accounts receivable, net of allowances of $4,045 in 2015 and $1,425 in 2014 146,873 113,129
Income taxes receivable 0 307
Prepaid expenses 4,521 6,073
Insurance recovery receivable 2,866 5,624
Other current assets 2,032 1,055
Total current assets 158,745 131,183
Property and equipment 10,470 12,133
Trade Names, net 39,252 38,201
Goodwill 95,096 90,647
Other identifiable intangible assets, net of accumulated amortization of $38,370 in 2015 and $34,209 in 2014 46,813 33,823
Debt issuance costs, net 878 1,257
Other non-current assets 17,994 17,889
Total assets 366,097 325,133
Current liabilities:    
Accounts payable and accrued expenses 41,098 27,314
Accrued compensation and benefits 29,402 28,731
Current portion of long-term debt and capital lease obligations 8,071 3,607
Sales tax payable 2,411 2,573
Deferred purchase price 2,184 0
Deferred tax liabilities 0 1,981
Other current liabilities 2,880 2,790
Total current liabilities 86,046 66,996
Long-term debt and capital lease obligations, less current portion 81,803 70,467
Non-current deferred tax liabilities 18,475 18,038
Long-term accrued claims 30,070 32,068
Long-term deferred purchase price 3,533 2,333
Other long-term liabilities 4,826 4,899
Total liabilities $ 224,753 $ 194,801
Commitments and contingencies
Stockholders' equity:    
Common stock—$0.0001 par value; 100,000,000 shares authorized; 31,951,960 and 31,292,596 shares issued and outstanding at December 31, 2015 and 2014, respectively $ 3 $ 3
Additional paid-in capital 254,108 247,467
Accumulated other comprehensive loss (1,207) (1,118)
Accumulated deficit (112,056) (116,474)
Total Cross Country Healthcare stockholders' equity 140,848 129,878
Noncontrolling interest 496 454
Total stockholders' equity 141,344 130,332
Total liabilities and stockholders' equity 366,097 325,133
Other Intangible Assets    
Current assets:    
Other identifiable intangible assets, net of accumulated amortization of $38,370 in 2015 and $34,209 in 2014 $ 43,662 $ 33,823