XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash $ 3,395 $ 14,014
Receivables:    
Patient accounts receivable, less allowance for uncollectible accounts of $14,819 and $14,334, respectively 84,470 88,964
Other receivables 730 608
Amounts due from governmental entities 1,166 1,234
Total receivables, net 86,366 90,806
Deferred income taxes 9,655 9,251
Prepaid income taxes 3,821 4,069
Prepaid expenses 7,361 6,966
Other current assets 4,186 4,449
Total current assets 114,784 129,555
Property, building and equipment, net of accumulated depreciation of $42,475 and $40,935, respectively 31,273 31,052
Goodwill 196,358 194,893
Intangible assets, net of accumulated amortization of $4,985 and $4,518, respectively 62,047 62,184
Other assets 63,638 4,542
Total assets 468,100 422,226
Current liabilities:    
Accounts payable and other accrued liabilities 17,587 17,217
Salaries, wages, and benefits payable 24,521 31,927
Self-insurance reserve 6,502 5,862
Current portion of long-term debt 222 249
Amounts due to governmental entities 3,664 4,391
Total current liabilities 52,496 59,646
Deferred income taxes 29,859 29,060
Income tax payable 3,415 3,415
Revolving credit facility 70,000 22,000
Long-term debt, less current portion 953 963
Total liabilities 156,723 115,084
Noncontrolling interest - redeemable 10,797 11,258
LHC Group, Inc. stockholders' equity:    
Common stock - $0.01 par value; 40,000,000 shares authorized; 21,949,411 and 21,801,634 shares issued in 2014 and 2013, respectively 219 218
Treasury stock - 4,724,491 and 4,693,647 shares at cost, respectively (35,442) (34,715)
Additional paid-in capital 105,476 103,972
Retained earnings 227,602 223,534
Total LHC Group, Inc. stockholders' equity 297,855 293,009
Noncontrolling interest - non-redeemable 2,725 2,875
Total equity 300,580 295,884
Total liabilities and equity $ 468,100 $ 422,226