Note 14 - Condensed Consolidating Financial Information of Guarantor Subsidiaries (Tables)

3 Months Ended

Mar. 31, 2014

Condensed Consolidating Financial Information Of Guarantor Subsidiaries [Abstract]

Condensed Income Statement [Table Text Block]

	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			ExamWorks Group, Inc. (Parent Corporation)			Consolidation and Elimination Entries		Consolidated Totals
Revenues	$	91,178		$	57,525		$	—		$	—	$	148,703
Costs and expenses:
Costs of revenues		64,131			33,253			—			—		97,384
Selling, general and administrative expenses		18,124			15,133			—			—		33,257
Depreciation and amortization		8,623			7,703			—			—		16,326
Total costs and expenses		90,878			56,089			—			—		146,967
Income from operations		300			1,436			—			—		1,736
Interest and other expenses, net		5,559			1,971			—			—		7,530
Loss before income taxes		(5,259	)		(535	)		—			—		(5,794	)
Provision (benefit) for income taxes		(3,058	)		856			—			—		(2,202	)
Net loss before earnings of consolidated subsidiaries	$	(2,201	)	$	(1,391	)	$	—		$	—	$	(3,592	)
Net income (loss) of consolidated subsidiaries		(1,391	)		—			(1,391	)		2,782		—
Net income (loss)	$	(3,592	)	$	(1,391	)	$	(1,391	)	$	2,782	$	(3,592	)

	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			ExamWorks Group, Inc. (Parent Corporation)			Consolidation and Elimination Entries		Consolidated Totals
Revenues	$	106,049		$	66,979		$	—		$	—	$	173,028
Costs and expenses:
Costs of revenues		71,067			39,968			—			—		111,035
Selling, general and administrative expenses		21,705			18,823			—			—		40,528
Depreciation and amortization		7,720			6,622			—			—		14,342
Total costs and expenses		100,492			65,413			—			—		165,905
Income from operations		5,557			1,566			—			—		7,123
Interest and other expenses, net		5,692			1,885			—			—		7,577
Loss before income taxes		(135	)		(319	)		—			—		(454	)
Provision (benefit) for income taxes		(1,642	)		1,477			—			—		(165	)
Net loss before earnings of consolidated subsidiaries	$	1,507		$	(1,796	)	$	—		$	—	$	(289	)
Net income (loss) of consolidated subsidiaries		(1,796	)		—			(1,796	)		3,592		—
Net income (loss)	$	(289	)	$	(1,796	)	$	(1,796	)	$	3,592	$	(289	)

Condensed Balance Sheet [Table Text Block]

	Guarantor Subsidiaries		Non-Guarantor Subsidiaries		ExamWorks Group, Inc. (Parent Corporation)		Consolidation and Elimination Entries			Consolidated Totals
Assets
Current assets:
Cash and cash equivalents	$	760	$	12,069	$	—	$	—		$	12,829
Accounts receivable, net		46,828		123,077		—		—			169,905
Intercompany receivable		19,120		—		10,431		(29,551	)		—
Prepaid expenses		2,889		2,896		—		—			5,785
Deferred tax assets		437		—		—		(4	)		433
Other current assets		61		1,237		—		—			1,298
Total current assets		70,095		139,279		10,431		(29,555	)		190,250
Property, equipment and leasehold improvements, net		6,760		4,190		—		—			10,950
Investment in subsidiaries		217,034		—		414,802		(631,836	)		—
Intercompany notes receivable		174,826		—		174,826		(349,652	)		—
Goodwill		259,316		109,996		—		—			369,312
Intangible assets, net		37,172		57,692		—		—			94,864
Long-term accounts receivable, less current portion		—		35,952		—		—			35,952
Deferred tax assets, noncurrent		15,470		6,021		—		—			21,491
Deferred financing costs, net		8,100		93		8,100		(8,100	)		8,193
Other assets		497		1,004		—		—			1,501
Total assets	$	789,270	$	354,227	$	608,159	$	(1,019,143	)	$	732,513
Liabilities and Stockholders’ Equity (Deficit)
Current liabilities:
Accounts payable	$	17,524	$	35,148	$	—	$	—		$	52,672
Intercompany payable		10,431		19,120		—		(29,551	)		—
Accrued expenses		10,839		27,609		—		—			38,448
Accrued interest expense		—		—		10,431		—			10,431
Deferred revenue		100		5,695		—		—			5,795
Current portion of subordinated unsecured notes payable		318		—		—		—			318
Deferred tax liability		—		4		—		(4	)		—
Current portion of contingent earnout obligation		—		2,032		—		—			2,032
Other current liabilities		2,116		4,322		—		—			6,438
Total current liabilities		41,328		93,930		10,431		(29,555	)		116,134
Senior unsecured notes payable		—		—		250,000		—			250,000
Senior secured revolving credit facility and working capital facilities		—		37,943		45,027		—			82,970
Intercompany notes payable		174,826		174,826		—		(349,652	)		—
Long-term contingent earnout obligation, less current portion		—		2,373		—		—			2,373
Other long-term liabilities		1,791		6,374		—		—			8,165
Total liabilities		217,945		315,446		305,458		(379,207	)		459,642
Commitments and contingencies
Stockholders’ equity (deficit)		571,325		38,781		302,701		(639,936	)		272,871
Total liabilities and stockholders' equity (deficit)	$	789,270	$	354,227	$	608,159	$	(1,019,143	)	$	732,513

	Guarantor Subsidiaries		Non-Guarantor Subsidiaries		ExamWorks Group, Inc. (Parent Corporation)		Consolidation and Elimination Entries			Consolidated Totals
Assets
Current assets:
Cash and cash equivalents	$	1,198	$	7,306	$	—	$	—		$	8,504
Accounts receivable, net		55,230		131,815		—		—			187,045
Intercompany receivable		23,547		—		4,974		(28,521	)		—
Prepaid expenses		4,272		3,924		—		—			8,196
Deferred tax assets		1,821		—		—		(4	)		1,817
Other current assets		—		1,248		—		—			1,248
Total current assets		86,068		144,293		4,974		(28,525	)		206,810
Property, equipment and leasehold improvements, net		6,972		4,266		—		—			11,238
Investment in subsidiaries		215,238		—		518,166		(733,404	)		—
Intercompany notes receivable		174,877		—		174,877		(349,754	)		—
Goodwill		319,810		119,188		—		—			438,998
Intangible assets, net		63,463		62,140		—		—			125,603
Long-term accounts receivable, less current portion		—		41,228		—		—			41,228
Deferred tax assets, noncurrent		7,995		6,218		—		—			14,213
Deferred financing costs, net		7,772		78		—		—			7,850
Other assets		533		1,152		—		—			1,685
Total assets	$	882,728	$	378,563	$	698,017	$	(1,111,683	)	$	847,625
Liabilities and Stockholders’ Equity (Deficit)
Current liabilities:
Accounts payable	$	20,245	$	38,986	$	—	$	—		$	59,231
Intercompany payable		4,974		23,547		—		(28,521	)		—
Accrued expenses		14,507		27,329		—		—			41,836
Accrued interest expense		—		—		4,974		—			4,974
Deferred revenue		4		6,286		—		—			6,290
Deferred tax liability		—		4		—		(4	)		—
Current portion of contingent earnout obligation		—		6,362		—		—			6,362
Other current liabilities		2,779		5,135		—		—			7,914
Total current liabilities		42,509		107,649		4,974		(28,525	)		126,607
Senior unsecured notes payable		—		—		250,000		—			250,000
Senior secured revolving credit facility and working capital facilities		—		42,436		116,039		—			158,475
Intercompany notes payable		174,877		174,877		—		(349,754	)		—
Long-term contingent earnout obligation, less current portion		—		4,923		—		—			4,923
Other long-term liabilities		1,717		7,026		—		—			8,743
Total liabilities		219,103		336,911		371,013		(378,279	)		548,748
Commitments and contingencies
Stockholders’ equity (deficit)		663,625		41,652		327,004		(733,404	)		298,877
Total liabilities and stockholders' equity (deficit)	$	882,728	$	378,563	$	698,017	$	(1,111,683	)	$	847,625

Condensed Cash Flow Statement [Table Text Block]

	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			ExamWorks Group, Inc. (Parent Corporation)			Consolidation and Elimination Entries		Consolidated Totals
Net cash provided by (used in) operating activities	$	(3,794	)	$	2,684		$	—		$	—	$	(1,110	)
Investing activities:
Purchases of equipment and leasehold improvements, net		(919	)		(851	)		—			—		(1,770	)
Net cash used in investing activities		(919	)		(851	)		—			—		(1,770	)
Financing activities:
Borrowings under senior secured revolving credit facility		—			—			10,000			—		10,000
Proceeds from the exercise of options and warrants		—			—			2,441			—		2,441
Excess tax benefit related to share-based compensation		—			—			407			—		407
Net repayment under working capital facilities		—			(800	)		—			—		(800	)
Payment of deferred financing costs		—			—			(52	)		—		(52	)
Repayment under senior secured revolving credit facility		—			—			(10,000	)		—		(10,000	)
Intercompany notes and investments and other		2,796			—			(2,796	)		—		—
Net cash provided by (used in) financing activities		2,796			(800	)		—			—		1,996
Exchange rate impact on cash and cash equivalents		—			(34	)		—			—		(34	)
Net increase (decrease) in cash and cash equivalents		(1,917	)		999			—			—		(918	)
Cash and cash equivalents, beginning of period		4,125			4,502			—			—		8,627
Cash and cash equivalents, end of period	$	2,208		$	5,501		$	—		$	—	$	7,709

	Guarantor Subsidiaries			Non-Guarantor Subsidiaries			ExamWorks Group, Inc. (Parent Corporation)			Consolidation and Elimination Entries		Consolidated Totals
Net cash provided by operating activities	$	1,369		$	1,836		$	—		$	—	$	3,205
Investing activities:
Cash paid for acquisitions, net		(87,615	)		(9,538	)		—			—		(97,153	)
Working capital and other settlements for acquisitions		—			(1,142	)		—			—		(1,142	)
Purchases of equipment and leasehold improvements, net		(402	)		(310	)		—			—		(712	)
Cash paid for foreign currency net investment hedge		(3,356	)		—			—			—		(3,356	)
Other		(839	)		—			—			—		(839	)
Net cash used in investing activities		(92,212	)		(10,990	)		—			—		(103,202	)
Financing activities:
Borrowings under senior secured revolving credit facility		—			—			121,012			—		121,012
Proceeds from the exercise of options and warrants		—			—			14,637			—		14,637
Excess tax benefit related to share-based compensation		—			—			6,190			—		6,190
Net borrowings under working capital facilities		—			4,123			—			—		4,123
Payment of deferred financing costs		—			—			(225	)		—		(225	)
Repayment of subordinated unsecured notes payable		(333	)		—			—			—		(333	)
Repayment under senior secured revolving credit facility		—			—			(50,000	)		—		(50,000	)
Intercompany notes and investments and other		91,614			—			(91,614	)		—		—
Net cash provided by financing activities		91,281			4,123			—			—		95,404
Exchange rate impact on cash and cash equivalents		—			268			—			—		268
Net increase (decrease) in cash and cash equivalents		438			(4,763	)		—			—		(4,325	)
Cash and cash equivalents, beginning of period		760			12,069			—			—		12,829
Cash and cash equivalents, end of period	$	1,198		$	7,306		$	—		$	—	$	8,504