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Interim Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 3,419 $ 5,930
Receivables, less allowance for doubtful accounts of $3,741 and $3,143, respectively 27,838 24,631
Other receivables 772 1,397
Prepaid expenses and other current assets 2,838 3,729
Income tax refundable 843 1,215
Current assets of discontinued operations 1,970 4,649
Deferred income taxes 7,667 5,305
Total current assets 45,347 46,856
PROPERTY AND EQUIPMENT, at cost 102,395 82,939
Less accumulated depreciation and amortization (48,836) (43,938)
Discontinued operations, net 1,053 2,921
Property and equipment, net (variable interest entity restricted – 2013: $6,909; 2012: $7,144) 54,612 41,922
OTHER ASSETS:    
Deferred income taxes 15,334 12,352
Deferred financing and other costs, net 2,179 1,438
Investment in unconsolidated affiliate 519 420
Other noncurrent assets 8,146 3,317
Acquired leasehold interest, net 8,324 8,612
Noncurrent assets of discontinued operations 37 46
Total other assets 34,539 26,185
Total assets 134,498 114,963
CURRENT LIABILITIES:    
Current portion of long-term debt and capitalized lease obligations (variable interest entity nonrecourse – 2013: $215; 2012: $206) 1,913 1,436
Trade accounts payable 6,777 3,603
Current liabilities of discontinued operations 587 2,209
Accrued expenses:    
Payroll and employee benefits 10,336 11,048
Self-insurance reserves, current portion 12,091 9,175
Other current liabilities 4,719 3,722
Total current liabilities 36,423 31,193
NONCURRENT LIABILITIES:    
Long-term debt and capitalized lease obligations, less current portion (variable interest entity nonrecourse – 2013: $5,313; 2012: $5,472) 49,142 28,026
Self-insurance reserves, noncurrent portion 17,131 14,531
Other noncurrent liabilities 16,464 17,544
Total noncurrent liabilities 82,737 60,101
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, 6,307,000 and 6,161,000 shares issued, and 6,075,000 and 5,929,000 shares outstanding, respectively 63 62
Treasury stock at cost, 232,000 shares of common stock (2,500) (2,500)
Paid-in capital 19,486 18,757
Retained earnings (accumulated deficit) (7,423) 1,779
Accumulated other comprehensive loss (677) (920)
Total shareholders’ equity of Diversicare Healthcare Services, Inc. 8,949 17,178
Noncontrolling interest 1,471 1,573
Total shareholders’ equity 10,420 18,751
Total liabilities and shareholder's equity $ 134,498 $ 114,963