|
Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 25,236 |
$ 17,752 |
| Accounts receivable, net |
75,763 |
68,010 |
| Insurance receivable for malpractice claims - current portion |
10,075 |
8,693 |
| Prepaid expenses and other current assets |
8,028 |
13,139 |
| Total current assets |
119,102 |
107,594 |
| Property and equipment, net |
5,911 |
5,112 |
| Goodwill |
205,830 |
173,688 |
| Other intangible assets, net |
1,797 |
1,812 |
| Deferred tax assets, net |
1,522 |
1,522 |
| Insurance receivable for malpractice claims - less current portion |
17,685 |
15,186 |
| Total assets |
351,847 |
304,914 |
| Current liabilities: |
|
|
| Accounts payable and accrued liabilities |
3,776 |
3,962 |
| Accrued compensation |
29,437 |
21,640 |
| Payables for practice acquisitions |
23,706 |
23,724 |
| Medical malpractice and self-insurance reserves, current portion |
10,762 |
9,383 |
| Deferred tax liabilities |
750 |
750 |
| Total current liabilities |
68,431 |
59,459 |
| Medical malpractice and self-insurance reserves, less current portion |
37,274 |
32,803 |
| Total liabilities |
105,705 |
92,262 |
| Stockholders' equity: |
|
|
| Preferred stock, $0.001 par value, 15,000,000 shares authorized, none issued |
0 |
0 |
| Common stock, $0.001 par value, 50,000,000 shares authorized, 16,682,186 and 16,474,988 shares issued and outstanding at September 30, 2012 and December 31, 2011, respectively |
17 |
16 |
| Additional paid-in capital |
148,931 |
139,579 |
| Retained earnings |
97,194 |
73,057 |
| Total stockholders' equity |
246,142 |
212,652 |
| Total liabilities and stockholders' equity |
$ 351,847 |
$ 304,914 |