XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Interim Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interim Consolidated Statements of Operations [Abstract]        
PATIENT REVENUES, net $ 77,092 $ 79,172 $ 154,190 $ 156,302
EXPENSES:        
Operating 60,804 59,742 122,345 120,599
Lease 5,941 5,727 11,763 11,441
Professional liability 2,305 1,081 4,634 2,772
General and administrative 6,076 6,124 12,898 12,178
Depreciation and amortization 1,827 1,565 3,649 3,121
Total expenses 76,953 74,239 155,289 150,111
OPERATING INCOME (LOSS) 139 4,933 (1,099) 6,191
OTHER INCOME (EXPENSE):        
Equity in net losses of investee (32)    (32)   
Interest expense, net (703) (582) (1,403) (1,033)
Debt retirement costs       (112)
Total other income (expense) (735) (582) (1,435) (1,145)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (596) 4,351 (2,534) 5,046
BENEFIT (PROVISION) FOR INCOME TAXES 165 (1,412) 868 (1,661)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS (431) 2,939 (1,666) 3,385
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS:        
Operating income (loss), net of taxes of $(0) and $(2), respectively (2) (2) (143) (10)
NET INCOME (LOSS) (433) 2,937 (1,809) 3,375
Less: income attributable to noncontrolling interests (15)    (93)   
NET INCOME (LOSS) ATTRIBUTABLE TO ADVOCAT INC. (448) 2,937 (1,902) 3,375
Preferred stock dividends (86) (86) (172) (172)
Net income (loss) attributable to Advocat Inc. shareholders $ (534) $ 2,851 $ (2,074) $ 3,203
Per common share - basic        
Continuing operations $ (0.09) $ 0.49 $ (0.33) $ 0.56
Discontinued operations       $ (0.03)   
Net income (loss) $ (0.09) $ 0.49 $ (0.36) $ 0.56
Per common share - diluted        
Continuing operations $ (0.09) $ 0.48 $ (0.33) $ 0.54
Discontinued operations       $ (0.03)   
Net income (loss) $ (0.09) $ 0.48 $ (0.36) $ 0.54
COMMON STOCK DIVIDENDS DECLARED PER SHARE OF COMMON STOCK $ 0.055 $ 0.055 $ 0.11 $ 0.11
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic 5,825 5,778 5,810 5,765
Diluted 5,825 5,934 5,810 5,906