XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Patient care revenues $ 61,342 $ 40,192 $ 165,793 $ 104,596
Management revenues 428 330 1,154 1,312
Total revenues 61,770 40,522 166,947 105,908
Expenses:        
Cost of services (exclusive of facility rent, depreciation and amortization) 49,164 32,637 131,514 84,916
General and administrative 4,328 3,267 13,188 9,358
Facility rent expense 2,080 1,937 6,196 5,787
Depreciation and amortization 2,112 836 5,370 2,188
Salary retirement and continuation costs 38   38 622
Total expenses 57,722 38,677 156,306 102,871
Income from Operations 4,048 1,845 10,641 3,037
Other Income (Expense):        
Interest expense, net (3,992) (2,223) (10,312) (5,511)
Acquisition costs, net of gains (342) (1,147) (1,160) (789)
Derivative gain (loss) (2,105) 4,745 (1,342) 807
Loss on extinguishment of debt   (58)   (136)
Other income (expense) 271 (20) 242 567
Total other income (expense), net (6,168) 1,297 (12,572) (5,062)
Income (Loss) from Continuing Operations Before Income Taxes (2,120) 3,142 (1,931) (2,025)
Income Tax Expense (118) (204) (217) (414)
Income (Loss) from Continuing Operations (2,238) 2,938 (2,148) (2,439)
Loss from discontinued operations (202) (158) (472) (285)
Net Income (Loss) (2,440) 2,780 (2,620) (2,724)
Net Loss Attributable to Noncontrolling Interests 738 748 1,390 1,090
Net Income (Loss) Attributable to AdCare Health Systems $ (1,702) $ 3,528 $ (1,230) $ (1,634)
Net Income (Loss) per Common Share - Basic:        
Continuing Operations (in dollars per share) $ (0.10) $ 0.33 $ (0.05) $ (0.14)
Discontinued Operations (in dollars per share) $ (0.01) $ (0.01) $ (0.03) $ (0.03)
Net Income (Loss) per Common Share - Basic (in dollars per share) $ (0.11) $ 0.32 $ (0.08) $ (0.17)
Net Income (Loss) per Common Share - Diluted:        
Continuing Operations (in dollars per share) $ (0.10) $ 0.28 $ (0.05) $ (0.14)
Discontinued Operations (in dollars per share) $ (0.01) $ (0.01) $ (0.03) $ (0.03)
Net Income (Loss) per Common Share - Diluted (in dollars per share) $ (0.11) $ 0.27 $ (0.08) $ (0.17)