Investments in Unconsolidated Investees

6 Months Ended

Jun. 30, 2013

Investments in Unconsolidated Investees [Abstract]

The Company has direct ownership in four unconsolidated investees at June 30, 2013. The Company owns between 15% and 50% of these investees, and provides management services under agreements with three of these investees, expiring at various dates through 2025. All of these investees are accounted for under the equity method since the Company does not exercise control over the operations of these investees.

Set forth below are certain financial data for Alliance-HNI, LLC and Subsidiaries, one of the Company’s unconsolidated investees:



	December 31, 2012		June 30, 2013
Balance Sheet Data:
Current assets	$	5,246	$	4,763
Noncurrent assets	10,142		9,740
Current liabilities	3,026		2,312
Noncurrent liabilities	2,669		2,072



	Quarter Ended June 30,				Six Months Ended June 30,
	2012		2013		2012		2013
Operating Results:
Revenues	$	4,243	$	4,583	$	8,578	$	9,081
Expenses	2,460		2,341		4,999		4,318
Net income	1,783		2,242		3,579		4,763
Earnings from unconsolidated investee	893		1,106		1,791		2,382

Set forth below are certain financial data for Austin Cyberknife, LLC, one of the Company’s unconsolidated investees:



	December 31, 2012		June 30, 2013
Balance Sheet Data:
Current assets	$	2,150	$	1,600
Noncurrent assets	1,819		1,539
Current liabilities	732		594
Noncurrent liabilities	1,067		834



	Quarter Ended June 30,				Six Months Ended June 30,
	2012		2013		2012		2013
Operating Results:
Revenues	$	2,056	$	2,376	$	3,471	$	4,245
Expenses	718		785		1,382		1,504
Net income	1,338		1,591		2,089		2,741
Earnings from unconsolidated investee	200		239		313		412

Set forth below are certain financial data for the aggregate of the Company’s unconsolidated investees, including Alliance-HNI, LLC and Subsidiaries and Austin Cyberknife, LLC:



	December 31, 2012		June 30, 2013
Balance Sheet Data:
Current assets	$	7,843	$	6,814
Noncurrent assets	12,092		11,370
Current liabilities	3,828		2,981
Noncurrent liabilities	3,736		2,910



	Quarter Ended June 30,				Six Months Ended June 30,
	2012		2013		2012		2013
Combined Operating Results:
Revenues	$	7,488	$	7,272	$	14,458	$	14,009
Expenses	4,475		3,315		8,992		6,906
Net income	3,013		3,957		5,466		7,103
Earnings from unconsolidated investees	1,162		1,409		2,240		2,951

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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