XML 51 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 3,818us-gaap_CashAndCashEquivalentsAtCarryingValue $ 3,781us-gaap_CashAndCashEquivalentsAtCarryingValue
Receivables, less allowance for doubtful accounts of $6,044,000 and $3,879,000, respectively 41,272us-gaap_AccountsReceivableNetCurrent 32,658us-gaap_AccountsReceivableNetCurrent
Other receivables 862us-gaap_ReceivablesNetCurrent 1,118us-gaap_ReceivablesNetCurrent
Prepaid expenses and other current assets 2,339us-gaap_PrepaidExpenseAndOtherAssetsCurrent 2,442us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Income tax refundable 559us-gaap_IncomeTaxesReceivable 763us-gaap_IncomeTaxesReceivable
Current assets of discontinued operations 73us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent 2,870us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
Deferred income taxes 7,016us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 6,579us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Total current assets 55,939us-gaap_AssetsCurrent 50,211us-gaap_AssetsCurrent
PROPERTY AND EQUIPMENT, at cost 98,869us-gaap_PropertyPlantAndEquipmentGross 93,572us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation and amortization (55,014)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (48,516)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Discontinued operations, net 0us-gaap_DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment 8,987us-gaap_DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
Property and equipment, net 43,855us-gaap_PropertyPlantAndEquipmentNet 54,043us-gaap_PropertyPlantAndEquipmentNet
OTHER ASSETS:    
Deferred income taxes 12,885us-gaap_DeferredTaxAssetsNetNoncurrent 15,912us-gaap_DeferredTaxAssetsNetNoncurrent
Deferred financing and other costs, net 1,692us-gaap_DeferredCostsCurrentAndNoncurrent 1,914us-gaap_DeferredCostsCurrentAndNoncurrent
Investment in unconsolidated affiliate 463us-gaap_EquityMethodInvestments 487us-gaap_EquityMethodInvestments
Other noncurrent assets 6,411avca_OtherNoncurrentAssets 5,698avca_OtherNoncurrentAssets
Acquired leasehold interest, net 7,844us-gaap_FiniteLivedIntangibleAssetsNet 8,228us-gaap_FiniteLivedIntangibleAssetsNet
Noncurrent assets of discontinued operations 0us-gaap_DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent 1,251us-gaap_DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent
Total other assets 29,295us-gaap_OtherAssetsNoncurrent 33,490us-gaap_OtherAssetsNoncurrent
Total assets 129,089us-gaap_Assets 137,744us-gaap_Assets
CURRENT LIABILITIES:    
Current portion of long-term debt and capitalized lease obligations 5,705us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent 4,549us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Trade accounts payable 8,121us-gaap_AccountsPayableTradeCurrent 7,177us-gaap_AccountsPayableTradeCurrent
Current liabilities of discontinued operations 482us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent 1,359us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
Accrued expenses:    
Payroll and employee benefits 14,642us-gaap_EmployeeRelatedLiabilitiesCurrent 12,255us-gaap_EmployeeRelatedLiabilitiesCurrent
Self-insurance reserves, current portion 11,833us-gaap_SelfInsuranceReserveCurrent 11,711us-gaap_SelfInsuranceReserveCurrent
Other current liabilities 6,359us-gaap_OtherLiabilitiesCurrent 5,116us-gaap_OtherLiabilitiesCurrent
Total current liabilities 47,142us-gaap_LiabilitiesCurrent 42,167us-gaap_LiabilitiesCurrent
NONCURRENT LIABILITIES:    
Long-term debt and capitalized lease obligations, less current portion 42,559us-gaap_LongTermDebtAndCapitalLeaseObligations 43,552us-gaap_LongTermDebtAndCapitalLeaseObligations
Self-insurance reserves, noncurrent portion 14,268us-gaap_SelfInsuranceReserveNoncurrent 16,375us-gaap_SelfInsuranceReserveNoncurrent
Long-term liabilities of discontinued operations 0us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent 5,952us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
Other noncurrent liabilities 13,366us-gaap_OtherLiabilitiesNoncurrent 15,214us-gaap_OtherLiabilitiesNoncurrent
Total noncurrent liabilities 70,193us-gaap_LiabilitiesNoncurrent 81,093us-gaap_LiabilitiesNoncurrent
COMMITMENTS AND CONTINGENCIES      
Series C redeemable preferred stock, $.10 par value, 5,000 shares authorized, issued and outstanding 0us-gaap_TemporaryEquityCarryingAmountAttributableToParent 4,918us-gaap_TemporaryEquityCarryingAmountAttributableToParent
SHAREHOLDERS’ EQUITY:    
Series A preferred stock, authorized 200,000 shares, $.10 par value, none issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
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 64us-gaap_CommonStockValue 63us-gaap_CommonStockValue
Treasury stock at cost, 232,000 shares of common stock (2,500)us-gaap_TreasuryStockValue (2,500)us-gaap_TreasuryStockValue
Paid-in capital 19,970us-gaap_AdditionalPaidInCapitalCommonStock 19,570us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings (accumulated deficit) (5,285)us-gaap_RetainedEarningsAccumulatedDeficit (8,435)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (495)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (569)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total shareholders’ equity of Diversicare Healthcare Services, Inc. 11,754us-gaap_StockholdersEquity 8,129us-gaap_StockholdersEquity
Noncontrolling interests 0us-gaap_MinorityInterest 1,437us-gaap_MinorityInterest
Total shareholders’ equity 11,754us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 9,566us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and shareholder's equity $ 129,089us-gaap_LiabilitiesAndStockholdersEquity $ 137,744us-gaap_LiabilitiesAndStockholdersEquity