|
Financial Information for Subsidiary Guarantors and Non-Guarantor Subsidiaries under Select's 6.375% Senior Notes (Details 3) (USD $) In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Consolidating Statement of Operations |
|
|
| Net operating revenues |
$ 795,343 |
$ 762,578 |
| Costs and expenses: |
|
|
| Cost of services |
664,385 |
638,764 |
| General and administrative |
21,675 |
18,123 |
| Bad debt expense |
12,670 |
11,018 |
| Depreciation and amortization |
17,348 |
16,229 |
| Total costs and expenses |
716,078 |
684,134 |
| Income (loss) from operations |
79,265 |
78,444 |
| Other income and expense: |
|
|
| Equity in earnings of unconsolidated subsidiaries |
2,592 |
908 |
| Loss on early retirement of debt |
|
(2,277) |
| Interest expense |
(21,388) |
(20,616) |
| Income before income taxes |
60,469 |
56,459 |
| Income tax expense |
23,184 |
22,092 |
| Net income |
37,285 |
34,367 |
| Less: Net income attributable to non-controlling interests |
2,222 |
1,323 |
| Net income attributable to Select Medical Holdings Corporation and Select Medical Corporation |
35,063 |
33,044 |
| Select |
|
|
| Consolidating Statement of Operations |
|
|
| Net operating revenues |
795,343 |
762,578 |
| Costs and expenses: |
|
|
| Cost of services |
664,385 |
638,764 |
| General and administrative |
21,675 |
18,123 |
| Bad debt expense |
12,670 |
11,018 |
| Depreciation and amortization |
17,348 |
16,229 |
| Total costs and expenses |
716,078 |
684,134 |
| Income (loss) from operations |
79,265 |
78,444 |
| Other income and expense: |
|
|
| Equity in earnings of unconsolidated subsidiaries |
2,592 |
908 |
| Loss on early retirement of debt |
|
(2,277) |
| Interest expense |
(21,388) |
(20,616) |
| Income before income taxes |
60,469 |
56,459 |
| Income tax expense |
23,184 |
22,092 |
| Net income |
37,285 |
34,367 |
| Less: Net income attributable to non-controlling interests |
2,222 |
1,323 |
| Net income attributable to Select Medical Holdings Corporation and Select Medical Corporation |
35,063 |
33,044 |
| Select | Reportable legal entities | Select Medical Corporation (Parent Company Only) |
|
|
| Consolidating Statement of Operations |
|
|
| Net operating revenues |
119 |
103 |
| Costs and expenses: |
|
|
| Cost of services |
436 |
445 |
| General and administrative |
21,751 |
19,312 |
| Depreciation and amortization |
985 |
923 |
| Total costs and expenses |
23,172 |
20,680 |
| Income (loss) from operations |
(23,053) |
(20,577) |
| Other income and expense: |
|
|
| Intercompany interest and royalty fees |
(286) |
(282) |
| Intercompany management fees |
41,454 |
38,868 |
| Loss on early retirement of debt |
|
(2,277) |
| Interest expense |
(13,901) |
(13,796) |
| Income before income taxes |
4,214 |
1,936 |
| Income tax expense |
1,402 |
925 |
| Equity in earnings of subsidiaries |
32,251 |
32,033 |
| Net income |
35,063 |
33,044 |
| Net income attributable to Select Medical Holdings Corporation and Select Medical Corporation |
35,063 |
33,044 |
| Select | Reportable legal entities | Subsidiary Guarantors |
|
|
| Consolidating Statement of Operations |
|
|
| Net operating revenues |
673,749 |
660,317 |
| Costs and expenses: |
|
|
| Cost of services |
561,093 |
550,224 |
| General and administrative |
(76) |
(1,189) |
| Bad debt expense |
9,473 |
9,317 |
| Depreciation and amortization |
13,772 |
13,048 |
| Total costs and expenses |
584,262 |
571,400 |
| Income (loss) from operations |
89,487 |
88,917 |
| Other income and expense: |
|
|
| Intercompany interest and royalty fees |
280 |
285 |
| Intercompany management fees |
(35,247) |
(33,941) |
| Equity in earnings of unconsolidated subsidiaries |
2,571 |
887 |
| Interest expense |
(6,003) |
(5,832) |
| Income before income taxes |
51,088 |
50,316 |
| Income tax expense |
22,046 |
20,962 |
| Equity in earnings of subsidiaries |
3,280 |
2,337 |
| Net income |
32,322 |
31,691 |
| Less: Net income attributable to non-controlling interests |
|
53 |
| Net income attributable to Select Medical Holdings Corporation and Select Medical Corporation |
32,322 |
31,638 |
| Select | Reportable legal entities | Non-Guarantor Subsidiaries |
|
|
| Consolidating Statement of Operations |
|
|
| Net operating revenues |
121,475 |
102,158 |
| Costs and expenses: |
|
|
| Cost of services |
102,856 |
88,095 |
| Bad debt expense |
3,197 |
1,701 |
| Depreciation and amortization |
2,591 |
2,258 |
| Total costs and expenses |
108,644 |
92,054 |
| Income (loss) from operations |
12,831 |
10,104 |
| Other income and expense: |
|
|
| Intercompany interest and royalty fees |
6 |
(3) |
| Intercompany management fees |
(6,207) |
(4,927) |
| Equity in earnings of unconsolidated subsidiaries |
21 |
21 |
| Interest expense |
(1,484) |
(988) |
| Income before income taxes |
5,167 |
4,207 |
| Income tax expense |
(264) |
205 |
| Net income |
5,431 |
4,002 |
| Less: Net income attributable to non-controlling interests |
2,222 |
1,270 |
| Net income attributable to Select Medical Holdings Corporation and Select Medical Corporation |
3,209 |
2,732 |
| Select | Eliminations |
|
|
| Other income and expense: |
|
|
| Equity in earnings of subsidiaries |
(35,531) |
(34,370) |
| Net income |
(35,531) |
(34,370) |
| Net income attributable to Select Medical Holdings Corporation and Select Medical Corporation |
$ (35,531) |
$ (34,370) |