XML 31 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
Adoption of the standard impacted the Company's previously reported results as follows (amounts in thousands):

 
As previously reported
 
Adjustment for ASU 2014-09
 
As adjusted
 
As of December 31, 2017
Condensed Consolidated Balance Sheets
 
 
 
 
 
Patient accounts receivable
$
161,898

 
$

 
$
161,898

Allowance for uncollectible accounts
23,556

 
(23,556
)
 

 
Three Months Ended March 31, 2017
Condensed Consolidated Statements of Income:
 
 
 
 
 
Net service revenue
246,618

 
(2,369
)
 
244,249

Provision for bad debts
2,369

 
(2,369
)
 

Net income attributable to LHC Group, Inc.'s common
 stockholders
9,467

 

 
9,467

Condensed Consolidated Statements of Cash Flows:
 
 
 
 
 
Provision for bad debts
2,369

 
(2,369
)
 

Changes in operating assets and liabilities, net of acquisitions:
 
 
 
 
 
Receivables
(341
)
 
2,369

 
2,028

Percentage of Net Service Revenue Earned by Type of Ownership or Relationship with Operating Entity
The following table summarizes the percentage of net service revenue earned by type of ownership or relationship the Company had with the operating entity: 
 
 
Three Months Ended  
 March 31,
Ownership type
 
2018
 
2017
Wholly-owned subsidiaries
 
48.7
%
 
54.2
%
Equity joint ventures
 
48.7

 
44.1

Other
 
2.6

 
1.7

 
 
100.0
%
 
100.0
%
Percentage of Net Service Revenue Earned by Category of Payor
The following table sets forth the percentage of net service revenue earned by category of payor for the three months ended March 31, 2018 and 2017:
 
 
Three Months Ended  
 March 31,
Payor:
2018
 
2017
Home health:
 
 
 
Medicare
71.2
%
 
73.6
%
Medicaid
0.9

 
1.0

Managed Care, Commercial, and Other
27.9

 
25.4

 
100.0
%
 
100.0
%
Hospice:
 
 
 
Medicare
92.3
%
 
94.1
%
Medicaid
0.6

 
0.3

Managed Care, Commercial, and Other
7.1

 
5.6

 
100.0
%
 
100.0
%
Community based services:
 
 
 
Medicaid
17.3
%
 
16.5
%
Managed Care, Commercial, and Other
82.7

 
83.5

 
100.0
%
 
100.0
%
Facility-based services:
 
 
 
Medicare
64.0
%
 
63.9
%
Medicaid

 

Managed Care, Commercial, and Other
36.0

 
36.1

 
100.0
%
 
100.0
%
Shares Used in Computation of Basic and Diluted Per Share Information
The following table sets forth shares used in the computation of basic and diluted per share information:
 
 
Three Months Ended  
 March 31,
 
2018
 
2017
Weighted average number of shares outstanding for basic per share calculation
17,789,863

 
17,643,463

Effect of dilutive potential shares:
 
 
 
Nonvested stock
249,482

 
174,417

Adjusted weighted average shares for diluted per share calculation
18,039,345

 
17,817,880

Anti-dilutive shares
169,945

 
151,010