|
Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current Assets: |
|
|
| Cash and cash equivalents |
$ 6,588 |
$ 3,354 |
| Accounts receivable, net of allowance for doubtful accounts of $46,425 and $48,572 at 2014 and 2015, respectively |
493,409 |
444,269 |
| Current deferred tax asset |
15,961 |
15,991 |
| Prepaid income taxes |
|
17,888 |
| Other current assets |
52,093 |
46,142 |
| Total Current Assets |
568,051 |
527,644 |
| Property and equipment, net |
553,870 |
542,310 |
| Goodwill |
1,652,005 |
1,642,083 |
| Other identifiable intangibles |
72,640 |
72,519 |
| Other assets |
140,485 |
140,253 |
| Total Assets |
2,987,051 |
2,924,809 |
| Current Liabilities: |
|
|
| Bank overdrafts |
18,925 |
21,746 |
| Current portion of long-term debt and notes payable |
11,060 |
10,874 |
| Accounts payable |
101,013 |
108,532 |
| Accrued payroll |
80,382 |
97,090 |
| Accrued vacation |
65,929 |
63,132 |
| Accrued interest |
21,805 |
10,674 |
| Accrued other |
87,073 |
82,376 |
| Income taxes payable |
6,776 |
|
| Total Current Liabilities |
392,963 |
394,424 |
| Long-term debt, net of current portion |
1,569,627 |
1,542,102 |
| Non-current deferred tax liability |
106,702 |
109,203 |
| Other non-current liabilities |
98,245 |
92,855 |
| Total Liabilities |
2,167,537 |
2,138,584 |
| Commitments and contingencies (Note 8) |
|
|
| Redeemable non-controlling interests |
11,275 |
10,985 |
| Stockholders' Equity: |
|
|
| Common stock |
131 |
131 |
| Capital in excess of par |
418,288 |
413,706 |
| Retained earnings (accumulated deficit) |
347,303 |
325,678 |
| Total Select Medical Holdings Corporation and Select Medical Corporation Stockholders' Equity |
765,722 |
739,515 |
| Non-controlling interest |
42,517 |
35,725 |
| Total Equity |
808,239 |
775,240 |
| Total Liabilities and Equity |
2,987,051 |
2,924,809 |
| Select |
|
|
| Current Assets: |
|
|
| Cash and cash equivalents |
6,588 |
3,354 |
| Accounts receivable, net of allowance for doubtful accounts of $46,425 and $48,572 at 2014 and 2015, respectively |
493,409 |
444,269 |
| Current deferred tax asset |
15,961 |
15,991 |
| Prepaid income taxes |
|
17,888 |
| Other current assets |
52,093 |
46,142 |
| Total Current Assets |
568,051 |
527,644 |
| Property and equipment, net |
553,870 |
542,310 |
| Goodwill |
1,652,005 |
1,642,083 |
| Other identifiable intangibles |
72,640 |
72,519 |
| Other assets |
140,485 |
140,253 |
| Total Assets |
2,987,051 |
2,924,809 |
| Current Liabilities: |
|
|
| Bank overdrafts |
18,925 |
21,746 |
| Current portion of long-term debt and notes payable |
11,060 |
10,874 |
| Accounts payable |
101,013 |
108,532 |
| Accrued payroll |
80,382 |
97,090 |
| Accrued vacation |
65,929 |
63,132 |
| Accrued interest |
21,805 |
10,674 |
| Accrued other |
87,073 |
82,376 |
| Income taxes payable |
6,776 |
|
| Total Current Liabilities |
392,963 |
394,424 |
| Long-term debt, net of current portion |
1,569,627 |
1,542,102 |
| Non-current deferred tax liability |
106,702 |
109,203 |
| Other non-current liabilities |
98,245 |
92,855 |
| Total Liabilities |
2,167,537 |
2,138,584 |
| Commitments and contingencies (Note 8) |
|
|
| Redeemable non-controlling interests |
11,275 |
10,985 |
| Stockholders' Equity: |
|
|
| Common stock |
0 |
0 |
| Capital in excess of par |
889,989 |
885,407 |
| Retained earnings (accumulated deficit) |
(124,267) |
(145,892) |
| Total Select Medical Holdings Corporation and Select Medical Corporation Stockholders' Equity |
765,722 |
739,515 |
| Non-controlling interest |
42,517 |
35,725 |
| Total Equity |
808,239 |
775,240 |
| Total Liabilities and Equity |
$ 2,987,051 |
$ 2,924,809 |