Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
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: 


2019

2018

2017
Home Health:
 
 
 
 
 
 
Medicare

70.2
%

71.8
%
 
72.6
%
Managed Care, Commercial, and Other

29.8


28.2

 
27.4



100.0
%

100.0
%

100.0
%
Hospice:
 
 
 
 
 
 
Medicare
 
92.0
%
 
90.7
%
 
92.9
%
Managed Care, Commercial, and Other
 
8.0

 
9.3

 
7.1

 
 
100.0
%
 
100.0
%
 
100.0
%
Home and Community-Based:
 
 
 
 
 
 
Medicaid
 
23.2
%
 
23.9
%
 
18.9
%
Managed Care, Commercial, and Other
 
76.8

 
76.1

 
81.1

 
 
100.0
%
 
100.0
%
 
100.0
%
Facility-Based:
 
 
 
 
 
 
Medicare
 
56.2
%
 
59.7
%
 
63.7
%

Managed Care, Commercial, and Other
 
43.8

 
40.3

 
36.3

 
 
100.0
%
 
100.0
%
 
100.0
%
Healthcare Innovations:
 
 
 
 
 
 
Medicare
 
21.6
%
 
22.8
%
 
%
Managed Care, Commercial, and Other
 
78.4

 
77.2

 

 
 
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:
 
2019
 
2018
Medicare
48.3
%
 
51.3
%
Medicaid
9.4

 
8.6

Managed Care, Commercial, and Other
42.3

 
40.1

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, 2019 and 2018 (amounts in thousands): 
 
 
2019
 
2018
Land
 
$
7,339

 
$
6,750

Building and leasehold improvements
 
36,142

 
35,474

Transportation equipment
 
12,470

 
13,503

Fixed equipment
 
376

 
745

Office furniture and medical equipment
 
94,993

 
78,344

Construction in progress
 
16,029

 

 
 
167,349

 
134,816

Less accumulated depreciation
 
69,441

 
55,253

  Property, building and equipment, net
 
$
97,908

 
$
79,563


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, 2019, 2018 and 2017:
 
 
 
2019
 
2018
 
2017
Weighted average number of shares outstanding for basic per share calculation
 
30,932,607

 
27,498,351

 
17,715,992

Effect of dilutive potential shares:
 
 
 
 
 
 
Nonvested restricted stock
 
277,217

 
275,045

 
245,026

Adjusted weighted average shares for diluted per share calculation
 
31,209,824

 
27,773,396

 
17,961,018

Antidilutive shares
 
157,608

 
46,002