Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Percentage of Net Service Revenue Earned by Category of Payor
The following table sets forth the percentage of net service revenue earned by category of payor for each segment for the years ending December 31: 
2020 2019 2018
Home Health:
Medicare 66.8  % 70.2  % 71.8  %
Managed Care, Commercial, and Other 33.2  29.8  28.2 
100.0  % 100.0  % 100.0  %
Hospice:
Medicare 93.1  % 92.0  % 90.7  %
Managed Care, Commercial, and Other 6.9  8.0  9.3 
100.0  % 100.0  % 100.0  %
Home and Community-Based:
Medicaid 21.4  % 23.2  % 23.9  %
Managed Care, Commercial, and Other 78.6  76.8  76.1 
100.0  % 100.0  % 100.0  %
Facility-Based:
Medicare 55.0  % 56.2  % 59.7  %
Managed Care, Commercial, and Other 45.0  43.8  40.3 
100.0  % 100.0  % 100.0  %
Healthcare Innovations:
Medicare 19.2  % 21.6  % 22.8  %
Managed Care, Commercial, and Other 80.8  78.4  77.2 
100.0  % 100.0  % 100.0  %
Schedules of Percentage of Patient Accounts Receivable by Payor
The following table sets forth the percentage of patient accounts receivable by payor for the years ended December 31:
2020 2019
Medicare 55.3  % 48.3  %
Medicaid 9.2  9.4 
Managed Care, Commercial, and Other 35.5  42.3 
Total patient accounts receivable 100.0  % 100.0  %
Property, Plant and Equipment
The following table describes the Company’s components of property, building and equipment for the years ended December 31, 2020 and 2019 (amounts in thousands): 
  2020 2019
Land $ 7,339  $ 7,339 
Building and leasehold improvements 40,766  36,142 
Transportation equipment 19,821  12,470 
Fixed equipment 365  376 
Office furniture and medical equipment 104,557  94,993 
Construction in progress 48,239  16,029 
221,087  167,349 
Less accumulated depreciation 82,721  69,441 
  Property, building and equipment, net $ 138,366  $ 97,908 
Shares Used in Computation of Basic and Diluted per Share Information
The following table sets forth shares used in the computation of basic and diluted per share information for the years ended December 31, 2020, 2019 and 2018: 
2020 2019 2018
Weighted average number of shares outstanding for basic per share calculation 31,092,417  30,932,607  27,498,351 
Effect of dilutive potential shares:
Nonvested restricted stock 273,348  277,217  275,045 
Adjusted weighted average shares for diluted per share calculation 31,365,765  31,209,824  27,773,396 
Antidilutive shares 1,155  157,608  46,002