XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Client related revenue $ 62,706 $ 42,823
Other revenue 2,642  
Total revenues 65,348 42,823
Operating expenses    
Salaries, wages and benefits 31,971 18,374
Advertising and marketing 4,397 4,618
Professional fees 4,307 1,469
Client related services 4,919 2,915
Other operating expenses 6,546 4,813
Rentals and leases 1,532 700
Provision for doubtful accounts 5,483 3,382
Litigation settlement 108 20
Depreciation and amortization 3,915 1,340
Acquisition-related expenses 764 998
Total operating expenses 63,942 38,629
Income from operations 1,406 4,194
Interest expense, net (change in fair value of interest rate swaps of $175 and $221, respectively) 1,702 741
Other expense, net (7) (11)
(Loss) Income before income tax expense (289) 3,464
Income tax (benefit) expense (20) 1,345
Net (loss) income (269) 2,119
Less: net loss attributable to noncontrolling interest 855 600
Net income attributable to AAC Holdings, Inc. stockholders 586 2,719
Net income available to AAC Holdings, Inc. common stockholders $ 586 $ 2,038
Basic earnings per common share $ 0.03 $ 0.10
Diluted earnings per common share $ 0.03 $ 0.10
Weighted-average shares outstanding:    
Basic 22,094,790 21,189,385
Diluted 22,113,500 21,312,788
BHR | Series A Preferred Stock    
Operating expenses    
BHR Series A Preferred Unit dividends   $ (147)
Redemption of BHR Series A Preferred Units   $ (534)