XML 28 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Interim Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 4,071 $ 3,781
Receivables, less allowance for doubtful accounts of $4,582 and $3,879, respectively 42,678 32,658
Other receivables 1,187 1,118
Prepaid expenses and other current assets 1,925 2,442
Income tax refundable 747 763
Current assets of discontinued operations 2,913 2,870
Deferred income taxes 6,666 6,579
Total current assets 60,187 50,211
PROPERTY AND EQUIPMENT, at cost 95,310 93,572
Less accumulated depreciation and amortization (51,678) (48,516)
Discontinued operations, net 8,502 8,987
Property and equipment, net 52,134 54,043
OTHER ASSETS:    
Deferred income taxes 15,804 15,912
Deferred financing and other costs, net 1,860 1,914
Investment in unconsolidated affiliate 428 487
Other noncurrent assets 6,217 5,698
Acquired leasehold interest, net 8,036 8,228
Noncurrent assets of discontinued operations 969 1,251
Total other assets 33,314 33,490
Total assets 145,635 137,744
CURRENT LIABILITIES:    
Current portion of long-term debt and capitalized lease obligations 10,334 4,549
Trade accounts payable 9,356 7,177
Current liabilities of discontinued operations 8,823 1,359
Accrued expenses:    
Payroll and employee benefits 13,203 12,255
Self-insurance reserves, current portion 12,777 11,711
Other current liabilities 4,829 5,116
Total current liabilities 59,322 42,167
NONCURRENT LIABILITIES:    
Long-term debt and capitalized lease obligations, less current portion 43,120 43,552
Self-insurance reserves, noncurrent portion 16,146 16,375
Noncurrent liabilities of discontinued operations 0 5,952
Other noncurrent liabilities 14,484 15,214
Total noncurrent liabilities 73,750 81,093
COMMITMENTS AND CONTINGENCIES      
Series C redeemable preferred stock, $.10 par value, 5,000 shares authorized, issued and outstanding 4,918 4,918
SHAREHOLDERS’ EQUITY:    
Series A preferred stock, authorized 200,000 shares, $.10 par value, none issued and outstanding 0 0
Common stock, authorized 20,000,000 shares, $.01 par value, 6,388,000 and 6,307,000 shares issued, and 6,156,000 and 6,075,000 shares outstanding, respectively 63 63
Treasury stock at cost, 232,000 shares of common stock (2,500) (2,500)
Paid-in capital 19,883 19,570
Accumulated deficit (9,207) (8,435)
Accumulated other comprehensive loss (594) (569)
Total shareholders’ equity of Diversicare Healthcare Services, Inc. 7,645 8,129
Noncontrolling interest 0 1,437
Total shareholders’ equity 7,645 9,566
Total liabilities and shareholder's equity $ 145,635 $ 137,744