XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash $ 385 $ 256
Receivables:    
Patient accounts receivable, less allowance for uncollectible accounts of $10,909 and $10,692, respectively 90,506 91,183
Other receivables 1,218 1,636
Amounts due from governmental entities 190 315
Total receivables, net 91,914 93,134
Deferred income taxes 7,506 7,269
Prepaid income taxes 15,551 26,667
Prepaid expenses 6,550 6,576
Other current assets 2,905 4,363
Total current assets 124,811 138,265
Property, building and equipment, net of accumulated depreciation of $30,895 and $28,073, respectively 27,909 28,182
Goodwill 164,731 164,731
Intangible assets, net of accumulated amortization of $2,712 and $2,325, respectively 60,702 59,389
Other assets 5,203 5,809
Total assets 383,356 396,376
Current liabilities:    
Accounts payable and other accrued liabilities 20,569 23,119
Salaries, wages, and benefits payable 29,261 25,571
Self insurance payable 4,888 5,612
Amounts due to governmental entities 3,241 3,234
Total current liabilities 57,959 57,536
Deferred income taxes 24,563 22,523
Income tax payable 3,415 3,415
Revolving credit facility 8,309 34,820
Total liabilities 94,246 118,294
Noncontrolling interest - redeemable 11,033 11,348
LHC Group, Inc. stockholders' equity:    
Common stock-$0.01 par value; 40,000,000 shares authorized; 21,534,814 and 21,374,264 shares issued and 18,191,813 and 18,298,659 shares outstanding, respectively 184 183
Treasury stock-3,343,001 and 3,075,605 shares at cost, respectively (10,779) (6,216)
Additional paid-in capital 98,483 95,964
Retained earnings 187,456 173,752
Total LHC Group, Inc. stockholders' equity 275,344 263,683
Noncontrolling interest - non-redeemable 2,733 3,051
Total equity 278,077 266,734
Total liabilities and equity $ 383,356 $ 396,376