Investments in Unconsolidated Investees

9 Months Ended

Sep. 30, 2014

Investments in Unconsolidated Investees [Abstract]

The Company has direct ownership in three unconsolidated investees at September 30, 2014. The Company owns between 15% and 50% of these investees, and provides management services under agreements with 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.

During the nine months ended September 30, 2014, in accordance with ASC 323, “Investments—Equity Method and Joint Ventures,” the Company wrote off its remaining investment in one of its unconsolidated investees that was originally acquired in 2011. The impairment charge totaled $236 and is related to the closure of one cancer center in the second quarter of 2014 due to the expiration of one of its non-compete agreements with the affiliated oncology physician. Impairment charges related to this event were taken in the prior year for a physicians' referral network, trademarks, and professional services agreement, which were all written down to zero value.

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



	December 31, 2013		September 30, 2014
Balance Sheet Data:
Current assets	$	4,650	$	3,472
Noncurrent assets	9,732		10,059
Current liabilities	2,810		2,536
Noncurrent liabilities	2,757		3,613



	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2013		2014		2013		2014
Operating Results:
Revenues	$	4,344	$	4,248	$	13,424	$	12,579
Expenses	2,306		2,528		6,624		7,349
Net income	2,038		1,720		6,800		5,230
Earnings from unconsolidated investee	1,023		860		3,595		2,615

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



	December 31, 2013		September 30, 2014
Balance Sheet Data:
Current assets	$	7,188	$	7,195
Noncurrent assets	11,058		11,027
Current liabilities	3,569		3,494
Noncurrent liabilities	3,382		3,864



	Quarter Ended				Nine Months Ended
	September 30,				September 30,
	2013		2014		2013		2014
Combined Operating Results:
Revenues	$	7,228	$	7,354	$	21,239	$	20,550
Expenses	3,194		3,424		9,388		10,169
Net income	4,034		3,930		11,851		10,381
Earnings from unconsolidated investees	1,347		1,219		4,489		3,459

- 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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