XML 43 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of the activity related to goodwill and other intangible assets

 

 

 

 

 

Other Intangible Assets

 

 

 

Goodwill

 

Certificates of
Need and
Licenses

 

Trade Names

 

Non-compete
Agreements

 

Total

 

Balances at 12-31-10

 

$

101,060

 

$

6,841

 

$

7,381

 

$

63

 

$

14,285

 

Additions

 

31,593

 

2,250

 

3,040

 

230

 

5,520

 

Amortization

 

 

 

 

(96

)

(96

)

Balances at 12-31-11

 

$

132,653

 

$

9,091

 

$

10,421

 

$

197

 

$

19,709

 

Additions

 

208

 

300

 

 

30

 

330

 

Adjustments

 

557

 

 

 

 

 

Amortization

 

 

 

 

(72

)

(72

)

Balances at 12-31-12

 

$

133,418

 

$

9,391

 

$

10,421

 

$

155

 

$

19,967

 

Schedule of the Company's revenues generated from Medicare, state Medicaid programs and other payors

 

 

 

2012

 

2011

 

2010

 

Medicare

 

70.7

%

77.1

%

80.9

%

Medicaid & other government programs:

 

 

 

 

 

 

 

Ohio

 

13.4

%

8.7

%

4.1

%

Connecticut

 

6.5

%

6.1

%

6.0

%

Kentucky

 

2.6

%

2.7

%

3.1

%

Florida

 

0.5

%

0.6

%

0.7

%

Others

 

0.3

%

0.4

%

0.6

%

Subtotal

 

23.3

%

18.5

%

14.5

%

All other payors

 

6.0

%

4.4

%

4.6

%

Total

 

100.0

%

100.0

%

100.0

%

Schedule of Concentrations in the Company's accounts receivable

 

 

 

2012

 

2011

 

 

 

Amount

 

Percent

 

Amount

 

Percent

 

Medicare

 

$

34,882

 

59.1

%

$

32,150

 

58.8

%

Medicaid & other government programs:

 

 

 

 

 

 

 

 

 

Ohio

 

6,092

 

10.3

%

7,828

 

14.3

%

Connecticut

 

6,081

 

10.3

%

4,730

 

8.7

%

Kentucky

 

2,931

 

5.0

%

3,387

 

6.2

%

Others

 

1,014

 

1.8

%

1,115

 

2.0

%

Subtotal

 

16,118

 

27.4

%

17,060

 

31.2

%

All other payors

 

7,978

 

13.5

%

5,432

 

10.0

%

Subtotal

 

58,978

 

100.0

%

54,642

 

100.0

%

Third party payable

 

(3,771

)

 

 

(2,812

)

 

 

Allowances

 

(5,236

)

 

 

(6,664

)

 

 

Total

 

$

49,971

 

 

 

$

45,166

 

 

 

Schedule of approximate breakdown by payor classification as a percent of total accounts receivable, net of contractual allowances

 

 

 

2012

 

Payor

 

0-90

 

91-180

 

181-365

 

>1 yr.

 

Total

 

Medicare

 

39

%

14

%

5

%

2

%

60

%

Medicaid & Government

 

20

%

3

%

2

%

2

%

27

%

Self Pay

 

2

%

1

%

0

%

1

%

4

%

Insurance

 

4

%

2

%

2

%

1

%

9

%

Total

 

65

%

20

%

9

%

6

%

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

Payor

 

0-90

 

91-180

 

181-365

 

>1 yr.

 

Total

 

Medicare

 

41

%

12

%

4

%

1

%

58

%

Medicaid & Government

 

20

%

4

%

3

%

5

%

32

%

Self Pay

 

2

%

0

%

0

%

1

%

3

%

Insurance

 

4

%

1

%

1

%

1

%

7

%

Total

 

67

%

17

%

8

%

8

%

100

%

Schedule of the Company's effective allowances for uncollectible accounts as a percent of accounts receivable

 

 

 

2012

 

Payor

 

0-90

 

91-180

 

181-365

 

>1 yr.

 

>2 yrs.

 

Medicare

 

0

%

1

%

9

%

100

%

100

%

Medicaid & Government

 

1

%

11

%

31

%

71

%

100

%

Self Pay

 

1

%

4

%

34

%

77

%

100

%

Insurance

 

6

%

17

%

44

%

79

%

100

%

Total

 

1

%

4

%

23

%

82

%

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

Payor

 

0-90

 

91-180

 

181-365

 

>1 yr.

 

>2 yrs.

 

Medicare

 

3

%

9

%

29

%

100

%

100

%

Medicaid & Government

 

1

%

7

%

20

%

89

%

100

%

Self Pay

 

1

%

5

%

18

%

86

%

100

%

Insurance

 

2

%

9

%

27

%

95

%

100

%

Total

 

3

%

9

%

25

%

91

%

100

%

Schedule of reconciliation of basic to diluted shares used in the earnings per share calculation

 

 

 

2012

 

2011

 

2010

 

Basic weighted average outstanding shares

 

9,285

 

9,278

 

9,123

 

Dilutive effect of outstanding compensation awards

 

39

 

82

 

229

 

Diluted weighted average outstanding shares

 

9,324

 

9,360

 

9,352