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Note 14 - Condensed Consolidating Financial Information of Guarantor Subsidiaries (Detail) - Condensed Consolidating Balance Sheet (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Jun. 30, 2011
Dec. 31, 2010
Current assets:        
Cash and cash equivalents $ 12,362 $ 8,416 $ 7,206 $ 33,624
Accounts receivable, net 155,928 144,041    
Other receivables 86 40    
Prepaid expenses 3,773 4,487    
Deferred tax assets   1,640    
Other current assets 1,184 1,173    
Total current assets 173,333 159,797    
Property, equipment and leasehold improvements, net 10,345 8,918    
Goodwill 304,615 300,260   90,582
Intangible assets, net 121,686 146,168    
Deferred tax assets, noncurrent 9,169      
Deferred financing costs, net 11,078 11,458    
Other assets 459 438    
Total assets 630,685 627,039    
Current liabilities:        
Accounts payable 41,526 42,642    
Accrued expenses 44,594 28,410    
Accrued interest expense 10,421 10,247    
Deferred revenue 2,644 1,332    
Current portion of subordinated unsecured notes payable 1,440 1,932    
Deferred tax liability 470      
Current portion of contingent earnout obligation 91 91    
Other current liabilities 5,573 5,459    
Total current liabilities 106,759 90,113    
Senior unsecured notes payable 250,000 [1] 250,000 [1]    
Senior revolving credit facility and working capital facilities 35,173 44,063    
Long-term subordinated unsecured notes payable, less current portion 520 717    
Long-term contingent earnout obligation, less current portion 86 86    
Deferred tax liability, noncurrent   2,159    
Other long-term liabilities 1,834 1,977    
Total liabilities 394,372 389,115    
Stockholders’ equity (deficit) (1) 236,313 [2] 237,924 [2]    
Total liabilities and stockholders' equity (deficit) 630,685 627,039    
Guarantor Subsidiaries [Member]
       
Current assets:        
Cash and cash equivalents 8,516 6,044    
Accounts receivable, net 45,307 44,690    
Other receivables 49 26    
Prepaid expenses 1,377 2,694    
Deferred tax assets   1,373    
Other current assets 13 14    
Total current assets 55,262 54,841    
Property, equipment and leasehold improvements, net 9,191 7,745    
Goodwill 242,101 240,252    
Intangible assets, net 69,751 84,833    
Deferred tax assets, noncurrent 5,717      
Other assets 459 438    
Total assets 382,481 388,109    
Current liabilities:        
Accounts payable 13,592 16,728    
Accrued expenses 14,289 4,272    
Deferred revenue 176 192    
Current portion of subordinated unsecured notes payable 1,440 1,932    
Deferred tax liability 154      
Current portion of contingent earnout obligation 91 91    
Other current liabilities 2,637 2,925    
Total current liabilities 32,379 26,140    
Long-term subordinated unsecured notes payable, less current portion 520 717    
Long-term contingent earnout obligation, less current portion 86 86    
Deferred tax liability, noncurrent   4,072    
Other long-term liabilities 1,461 1,691    
Total liabilities 34,446 32,706    
Stockholders’ equity (deficit) (1) 348,035 [2] 355,403 [2]    
Total liabilities and stockholders' equity (deficit) 382,481 388,109    
Non-Guarantor Subsidiaries [Member]
       
Current assets:        
Cash and cash equivalents 3,846 2,372    
Accounts receivable, net 110,621 99,351    
Other receivables 37 14    
Prepaid expenses 2,396 1,793    
Deferred tax assets   267    
Other current assets 1,171 1,159    
Total current assets 118,071 104,956    
Property, equipment and leasehold improvements, net 1,154 1,173    
Goodwill 62,514 60,008    
Intangible assets, net 51,935 61,335    
Deferred tax assets, noncurrent 3,452 1,913    
Total assets 237,126 229,385    
Current liabilities:        
Accounts payable 27,934 25,914    
Accrued expenses 30,305 24,138    
Accrued interest expense 5,424 3,236    
Deferred revenue 2,468 1,140    
Deferred tax liability 316      
Other current liabilities 2,936 2,534    
Total current liabilities 69,383 56,962    
Senior revolving credit facility and working capital facilities 35,173 39,063    
Other long-term liabilities 373 286    
Total liabilities 104,929 96,311    
Stockholders’ equity (deficit) (1) 132,197 [2] 133,074 [2]    
Total liabilities and stockholders' equity (deficit) 237,126 229,385    
Parent Company [Member]
       
Current assets:        
Deferred financing costs, net 11,078 11,458    
Total assets 11,078 11,458    
Current liabilities:        
Accrued interest expense 4,997 7,011    
Total current liabilities 4,997 7,011    
Senior unsecured notes payable 250,000 250,000    
Senior revolving credit facility and working capital facilities   5,000    
Total liabilities 254,997 262,011    
Stockholders’ equity (deficit) (1) (243,919) [2] (250,553) [2]    
Total liabilities and stockholders' equity (deficit) 11,078 11,458    
Consolidation, Eliminations [Member]
       
Current assets:        
Deferred tax assets, noncurrent   (1,913)    
Total assets   (1,913)    
Current liabilities:        
Deferred tax liability, noncurrent   (1,913)    
Total liabilities   (1,913)    
Stockholders’ equity (deficit) (1)    [2]    [2]    
Total liabilities and stockholders' equity (deficit)   $ (1,913)    
[1] On July 19, 2011, the Company closed a private offering of $250.0 million in aggregate principal amount of 9.0% senior notes due 2019 (the "Initial Notes"). The Initial Notes were issued at a price of 100% of their principal amount. The Initial Notes are senior obligations of ExamWorks and are guaranteed by ExamWorks' existing and future U.S. subsidiaries (the "Guarantors"). In June 2012, in accordance with the registration rights granted to the original purchasers of the Initial Notes, the Company completed an exchange offer of the privately placed Initial Notes for new 9.0% senior notes due 2019 (the "Exchange Notes," and together with the Initial Notes, the "Senior Unsecured Notes") registered with the SEC with substantially identical terms to the Initial Notes. A portion of the gross proceeds of $250.0 million were used to repay borrowings outstanding under the Company's Senior Secured Revolving Credit Facility and pay related fees and expenses, and the remainder was used for general corporate purposes, including acquisitions. The Senior Unsecured Notes were issued under an Indenture, dated as of July 19, 2011 (the "Indenture"), among the Company, the Guarantors and U.S. Bank, National Association, as trustee (the "Trustee"). The Senior Unsecured Notes are the Company's general senior unsecured obligations, and rank equally with the Company's existing and future senior unsecured obligations and senior to all of the Company's further subordinated indebtedness. The Senior Unsecured Notes accrue interest at a rate of 9.0% per year, payable semi-annually in cash in arrears on January 15 and July 15 of each year, commencing January 15, 2012. At any time on or after July 15, 2015, the Company may redeem some or all of the Senior Unsecured Notes at the redemption prices stated in the Indenture, plus accrued and unpaid interest to the date of redemption. Prior to July 15, 2014, the Company may redeem up to 35% of the aggregate principal amount of the Senior Unsecured Notes with net cash proceeds from certain equity offerings at a redemption price equal to 109% of the aggregate principal amount of the Senior Unsecured Notes, plus accrued and unpaid interest, if any, provided that at least 65% of the original aggregate principal amount of the Senior Unsecured Notes remains outstanding after redemption. Further, the Company may redeem some or all of the of the Senior Unsecured Notes at any time prior to July 15, 2015 at a redemption price equal to 100% of the principal amount of the Senior Unsecured Notes plus a make whole premium described in the Indenture, plus accrued and unpaid interest.The Indenture includes covenants which, subject to certain exceptions, limit the ability of the Company and its restricted subsidiaries (as defined in the Indenture) to, among other things, incur additional indebtedness, make certain types of restricted payments, incur liens on assets of the Company or the restricted subsidiaries, engage in asset sales and enter into transactions with affiliates. Upon a change of control (as defined in the Indenture), the Company may be required to make an offer to repurchase the Senior Unsecured Notes at 101% of their principal amount, plus accrued and unpaid interest. The Indenture also contains customary events of default.
[2] Includes intercompany investments in subsidiaries