Revision of Previously Reported Data

3 Months Ended

Mar. 31, 2013

Revision of Previously Reported Data

Revision of Previously Reported Data

Note 10.                 Revision of Previously Reported Data

As discussed in the lease arrangements footnote (Note 13) on our 2012 Form 10-K, we recorded an out-of-period adjustment in the fourth quarter of 2012 to correct the accounting treatment for our leased vehicles.  Due to the immateriality of the amount, the 2011 and prior pre-tax impact of approximately $0.7 million ($0.4 million after tax) was corrected in our revised first quarter 2012 results as disclosed in the following table.  The table below also includes the correction of the 2012 impact of the adjustment in the revised first quarter of 2012.  These amounts were not considered material to the prior periods.

	As Reported			Adjustment			As Revised
2012 – Successor (First Quarter)
Three Months Ended March 31, 2012
Revenues	$	397,342		$	—		$	397,342
Gross profit	98,452			(390		)	98,062
Operating income	20,500			(454		)	20,046
Interest expense	10,208			235			10,443
Net income (loss):
Net income (loss)	6,155			(420		)	5,735
Net loss – noncontrolling interest	(30		)	—			(30		)
Net income (loss) – ResCare, Inc.	$	6,185		$	(420	)	$	5,765
As of March 31, 2012
Property and equipment, net	$	84,308		$	16,672		$	100,980
Current portion of Long-term debt, including capital leases	85			5,609			5,694
Obligations under capital leases	324			11,784			12,108
Three Months Ended March 31, 2012
Cash (used in) provided by operating activities	$	(2,521	)	$	1,474		$	(1,047	)
Cash used in financing activities	(1,140		)	(1,474		)	(2,614		)