XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Interim Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 3,855 $ 3,781
Receivables, less allowance for doubtful accounts of $5,333 and $3,879, respectively 42,067 32,658
Other receivables 899 1,118
Prepaid expenses and other current assets 2,339 2,442
Income tax refundable 515 763
Current assets of discontinued operations 390 2,870
Deferred income taxes 7,757 6,579
Total current assets 57,822 50,211
PROPERTY AND EQUIPMENT, at cost 97,605 93,572
Less accumulated depreciation and amortization (53,288) (48,516)
Discontinued operations, net 600 8,987
Property and equipment, net 44,917 54,043
OTHER ASSETS:    
Deferred income taxes 12,130 15,912
Deferred financing and other costs, net 1,839 1,914
Investment in unconsolidated affiliate 399 487
Other noncurrent assets 6,180 5,698
Acquired leasehold interest, net 7,940 8,228
Noncurrent assets of discontinued operations 4 1,251
Total other assets 28,492 33,490
Total assets 131,231 137,744
CURRENT LIABILITIES:    
Current portion of long-term debt and capitalized lease obligations 7,208 4,549
Trade accounts payable 7,863 7,177
Current liabilities of discontinued operations 136 1,359
Accrued expenses:    
Payroll and employee benefits 14,200 12,255
Self-insurance reserves, current portion 12,159 11,711
Other current liabilities 6,024 5,116
Total current liabilities 47,590 42,167
NONCURRENT LIABILITIES:    
Long-term debt and capitalized lease obligations, less current portion 42,851 43,552
Self-insurance reserves, noncurrent portion 15,378 16,375
Noncurrent liabilities of discontinued operations 0 5,952
Other noncurrent liabilities 13,875 15,214
Total noncurrent liabilities 72,104 81,093
COMMITMENTS AND CONTINGENCIES      
Series C redeemable preferred stock, $.10 par value, 5,000 shares authorized and issued, and 0 shares outstanding 0 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 64 63
Treasury stock at cost, 232,000 shares of common stock (2,500) (2,500)
Paid-in capital 19,891 19,570
Accumulated deficit (5,450) (8,435)
Accumulated other comprehensive loss (468) (569)
Total shareholders’ equity of Diversicare Healthcare Services, Inc. 11,537 8,129
Noncontrolling interest 0 1,437
Total shareholders’ equity 11,537 9,566
Total liabilities and shareholder's equity $ 131,231 $ 137,744