Revision of Previously Reported Data

6 Months Ended

Jun. 30, 2013

Revision of Previously Reported Data

Revision of Previously Reported Data

Note 11. 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 income impact of approximately $0.7 million ($0.4 million after tax) was corrected in our revised first quarter 2012 results.  The table below includes the correction of the 2012 impact of the adjustment in the revised three month and six months ended June 30, 2012.  These amounts were not considered material to the prior periods.

	As Reported			Adjustment			As Revised
Three Months Ended June 30, 2012
Revenues	$	399,902		$	—		$	399,902
Gross profit	98,560			199			98,759
Operating income	23,332			231			23,563
Interest expense	8,142			247			8,389
Net income (loss):
Net income (loss)	4,809			(10		)	4,799
Net loss – noncontrolling interest	(31		)	—			(31)
Net income (loss) – ResCare, Inc.	$	4,840		$	(10	)	$	4,830
Six Months Ended June 30, 2012
Revenues	$	797,244		$	—		$	797,244
Gross profit	197,012			(191		)	196,821
Operating income	43,832			(223		)	43,609
Interest expense	18,350			482			18,832
Net income (loss):
Net income (loss)	10,964			(430		)	10,534
Net loss – noncontrolling interest	(61		)	—			(61)
Net income (loss) – ResCare, Inc.	$	11,025		$	(430	)	$	10,595
As of June 30, 2012
Property and equipment, net	$	82,348		$	16,631		$	98,979
Current portion of Long-term debt, including capital leases	78			5,732			5,810
Obligations under capital leases	306			11,644			11,950
Six Months Ended June 30, 2012
Cash provided by operating activities	$	21,562		$	2,957		$	24,519
Cash provided by (used in) financing activities	2,110			(2,957		)	(847)