SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

Estimated Useful Lives of Property and Equipment

We generally provide for depreciation over the following estimated useful service lives; additionally, if there are indicators that certain assets may be potentially impaired, we will analyze such assets in accordance with U.S. GAAP.


		Years
Building		39
Leasehold improvements		Lesser of life or lease or expected useful life
Equipment and furniture		3 to 7
Vehicles		5 to 10
Computer software		3 to 7

The following table summarizes the balances related to our property and equipment for 2012 and 2011 (amounts in millions):


	As of December 31,
	2012			2011
Land	$	3.2		$	3.2
Building and leasehold improvements		25.6			25.2
Equipment and furniture		127.8			117.3
Computer software		113.3			97.1

		269.9			242.8
Less: accumulated depreciation		(113.2	)		(94.3	)

	$	156.7		$	148.5

Financial Instruments where Carrying Value and Fair Value Differ

The following details our financial instruments where the carrying value and the fair value differ (amounts in millions):


	Fair Value at Reporting Date Using
Financial Instrument	As of December 31, 2012		Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Long-term obligations, excluding capital leases	$	102.7	$	—	$	101.9	$	—

Weighted-Average Shares Outstanding

The following table sets forth, for the periods indicated, shares used in our computation of the weighted-average shares outstanding, which are used to calculate our basic and diluted net (loss) income attributable to Amedisys, Inc. common stockholders (amounts in thousands):


	For the Years Ended December 31,
	2012		2011		2010
Weighted average number of shares outstanding - basic		29,896		28,693		28,032
Effect of dilutive securities:
Stock options		—		—		125
Non-vested stock and stock units		—		—		327

Weighted average number of shares outstanding - diluted		29,896		28,693		28,484

Anti-dilutive securities		638		643		41

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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