XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 58,292us-gaap_CashAndCashEquivalentsAtCarryingValue $ 75,280us-gaap_CashAndCashEquivalentsAtCarryingValue
Marketable securities, at fair value 11,855us-gaap_MarketableSecuritiesCurrent 11,799us-gaap_MarketableSecuritiesCurrent
Accounts and notes receivable, less allowance for doubtful accounts of $4,352,000 as of March 31, 2015 and $6,136,000 as of December 31, 2014 211,412us-gaap_AccountsNotesAndLoansReceivableNetCurrent 198,128us-gaap_AccountsNotesAndLoansReceivableNetCurrent
Inventories and supplies 35,418us-gaap_OtherInventory 35,462us-gaap_OtherInventory
Deferred income taxes 2,246us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 3,455us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Prepaid income taxes 0us-gaap_PrepaidTaxes 912us-gaap_PrepaidTaxes
Prepaid expenses and other 11,028us-gaap_PrepaidExpenseCurrent 9,792us-gaap_PrepaidExpenseCurrent
Total current assets 330,251us-gaap_AssetsCurrent 334,828us-gaap_AssetsCurrent
Property and equipment:    
Laundry and linen equipment installations 2,727us-gaap_MachineryAndEquipmentGross 2,578us-gaap_MachineryAndEquipmentGross
Housekeeping and office equipment and furniture 34,539hcsg_HousekeepingEquipmentAndOfficeFurnitureGross 33,546hcsg_HousekeepingEquipmentAndOfficeFurnitureGross
Autos and trucks 209us-gaap_PropertyPlantAndEquipmentOther 232us-gaap_PropertyPlantAndEquipmentOther
Property and equipment, gross 37,475us-gaap_PropertyPlantAndEquipmentGross 36,356us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation 24,411us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 23,584us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property and equipment, net 13,064us-gaap_PropertyPlantAndEquipmentNet 12,772us-gaap_PropertyPlantAndEquipmentNet
Goodwill 44,438us-gaap_Goodwill 44,438us-gaap_Goodwill
Other intangible assets, less accumulated amortization of $17,042,000 as of March 31, 2015 and $16,232,000 as of December 31, 2014 19,539us-gaap_FiniteLivedIntangibleAssetsNet 20,349us-gaap_FiniteLivedIntangibleAssetsNet
Notes receivable — long term portion, net of reserve 2,716us-gaap_NotesAndLoansReceivableNetNoncurrent 5,179us-gaap_NotesAndLoansReceivableNetNoncurrent
Deferred compensation funding, at fair value 24,291us-gaap_DeferredCompensationPlanAssets 24,742us-gaap_DeferredCompensationPlanAssets
Deferred income taxes — long term portion 27,914us-gaap_DeferredTaxAssetsNetNoncurrent 27,233us-gaap_DeferredTaxAssetsNetNoncurrent
Other noncurrent assets 38us-gaap_OtherAssetsNoncurrent 38us-gaap_OtherAssetsNoncurrent
Total Assets 462,251us-gaap_Assets 469,579us-gaap_Assets
Current liabilities:    
Accounts payable 42,644us-gaap_AccountsPayableCurrent 43,554us-gaap_AccountsPayableCurrent
Accrued payroll, accrued and withheld payroll taxes 25,370us-gaap_EmployeeRelatedLiabilitiesCurrent 47,696us-gaap_EmployeeRelatedLiabilitiesCurrent
Other accrued expenses 7,253us-gaap_OtherAccruedLiabilitiesCurrent 8,961us-gaap_OtherAccruedLiabilitiesCurrent
Income taxes payable 6,179us-gaap_AccruedIncomeTaxesCurrent 0us-gaap_AccruedIncomeTaxesCurrent
Accrued insurance claims 18,523us-gaap_WorkersCompensationLiabilityCurrent 17,748us-gaap_WorkersCompensationLiabilityCurrent
Total current liabilities 99,969us-gaap_LiabilitiesCurrent 117,959us-gaap_LiabilitiesCurrent
Accrued insurance claims — long term portion 52,718us-gaap_WorkersCompensationLiabilityNoncurrent 50,514us-gaap_WorkersCompensationLiabilityNoncurrent
Deferred compensation liability 24,492us-gaap_DeferredCompensationLiabilityClassifiedNoncurrent 25,276us-gaap_DeferredCompensationLiabilityClassifiedNoncurrent
Commitments and contingencies      
STOCKHOLDERS’ EQUITY:    
Common stock, $.01 par value; 100,000,000 shares authorized; 73,218,000 shares issued and outstanding as of March 31, 2015 and 72,878,000 shares as of December 31, 2014 732us-gaap_CommonStockValue 729us-gaap_CommonStockValue
Additional paid-in capital 192,068us-gaap_AdditionalPaidInCapitalCommonStock 186,022us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 103,098us-gaap_RetainedEarningsAccumulatedDeficit 100,237us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income, net of taxes 28us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax [1] 25us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax [1]
Common stock in treasury, at cost, 1,759,000 shares as of March 31, 2015 and 1,821,000 shares as of December 31, 2014 (10,854)us-gaap_TreasuryStockValue (11,183)us-gaap_TreasuryStockValue
Total stockholders’ equity 285,072us-gaap_StockholdersEquity 275,830us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 462,251us-gaap_LiabilitiesAndStockholdersEquity $ 469,579us-gaap_LiabilitiesAndStockholdersEquity
[1] All amounts are net of tax.