XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 4,041us-gaap_Cash $ 531us-gaap_Cash
Receivables:    
Patient accounts receivable, less allowance for uncollectible accounts of $20,985 and $18,582, respectively 98,041us-gaap_AccountsReceivableNetCurrent 97,498us-gaap_AccountsReceivableNetCurrent
Other receivables 2,523us-gaap_OtherReceivables 1,334us-gaap_OtherReceivables
Amounts due from governmental entities 978lhcg_AmountsDueFromGovernmentalEntities 1,164lhcg_AmountsDueFromGovernmentalEntities
Total receivables, net 101,542us-gaap_ReceivablesNetCurrent 99,996us-gaap_ReceivablesNetCurrent
Deferred income taxes 12,713us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 11,381us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Prepaid income taxes 615us-gaap_PrepaidTaxes 3,093us-gaap_PrepaidTaxes
Prepaid expenses 10,477us-gaap_PrepaidExpenseCurrent 8,724us-gaap_PrepaidExpenseCurrent
Other current assets 4,597us-gaap_OtherAssetsCurrent 3,777us-gaap_OtherAssetsCurrent
Receivable due from insurance carrier 0lhcg_Lhcg_ReceivableDueFromInsuranceCarrier 7,850lhcg_Lhcg_ReceivableDueFromInsuranceCarrier
Total current assets 133,985us-gaap_AssetsCurrent 135,352us-gaap_AssetsCurrent
Property, building and equipment, net of accumulated depreciation of $45,784 and $44,683, respectively 35,309us-gaap_PropertyPlantAndEquipmentNet 34,787us-gaap_PropertyPlantAndEquipmentNet
Goodwill 240,294us-gaap_Goodwill 240,019us-gaap_Goodwill
Intangible assets, net of accumulated amortization of $7,124 and $6,560, respectively 79,504us-gaap_IntangibleAssetsNetExcludingGoodwill 79,685us-gaap_IntangibleAssetsNetExcludingGoodwill
Other assets 1,872us-gaap_OtherAssetsNoncurrent 1,896us-gaap_OtherAssetsNoncurrent
Total assets 490,964us-gaap_Assets 491,739us-gaap_Assets
Current liabilities:    
Accounts payable and other accrued liabilities 20,301us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent 19,278us-gaap_AccountsPayableAndOtherAccruedLiabilitiesCurrent
Salaries, wages, and benefits payable 30,711us-gaap_EmployeeRelatedLiabilitiesCurrent 22,466us-gaap_EmployeeRelatedLiabilitiesCurrent
Self-insurance reserve 7,923us-gaap_SelfInsuranceReserveCurrent 6,559us-gaap_SelfInsuranceReserveCurrent
Current portion of long-term debt 233us-gaap_LongTermDebtCurrent 230us-gaap_LongTermDebtCurrent
Amounts due to governmental entities 5,382lhcg_AmountsDueToGovernmentalEntities 4,459lhcg_AmountsDueToGovernmentalEntities
Legal settlement payable 0lhcg_Lhcg_LegalSettlementPayable 7,850lhcg_Lhcg_LegalSettlementPayable
Total current liabilities 64,550us-gaap_LiabilitiesCurrent 60,842us-gaap_LiabilitiesCurrent
Deferred income taxes 34,741us-gaap_DeferredTaxLiabilitiesNoncurrent 33,592us-gaap_DeferredTaxLiabilitiesNoncurrent
Income tax payable 3,415us-gaap_LiabilityForUncertainTaxPositionsNoncurrent 3,415us-gaap_LiabilityForUncertainTaxPositionsNoncurrent
Revolving credit facility 47,000us-gaap_LongTermLineOfCredit 60,000us-gaap_LongTermLineOfCredit
Long-term debt, less current portion 719us-gaap_LongTermDebtNoncurrent 778us-gaap_LongTermDebtNoncurrent
Total liabilities 150,425us-gaap_Liabilities 158,627us-gaap_Liabilities
Noncontrolling interest — redeemable 11,297us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount 11,517us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount
LHC Group, Inc. stockholders’ equity:    
Common stock --- $0.01 par value; 40,000,000 shares authorized; 22,168,703 and 22,015,211 shares issued in 2015 and 2014, respectively 222us-gaap_CommonStockValueOutstanding 220us-gaap_CommonStockValueOutstanding
Treasury stock --- 4,767,570 and 4,734,363 shares at cost, respectively (36,782)us-gaap_TreasuryStockValue (35,660)us-gaap_TreasuryStockValue
Additional paid-in capital 110,549us-gaap_AdditionalPaidInCapitalCommonStock 108,708us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 252,176us-gaap_RetainedEarningsAccumulatedDeficit 245,371us-gaap_RetainedEarningsAccumulatedDeficit
Total LHC Group, Inc. stockholders’ equity 326,165us-gaap_StockholdersEquity 318,639us-gaap_StockholdersEquity
Noncontrolling interest — non-redeemable 3,077us-gaap_MinorityInterest 2,956us-gaap_MinorityInterest
Total equity 329,242us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 321,595us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 490,964us-gaap_LiabilitiesAndStockholdersEquity $ 491,739us-gaap_LiabilitiesAndStockholdersEquity