$MODV
ModivCare Inc

2016 Q1 Form 10-Q Financial Statement

#000143774916031027 Filed on May 06, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $382.0M $362.4M
YoY Change 5.42% 76.3%
Cost Of Revenue $348.7M $366.5M
YoY Change -4.87% 41.03%
Gross Profit $33.36M -$4.139M
YoY Change -905.99% -114.03%
Gross Profit Margin 8.73% -1.14%
Selling, General & Admin $18.50M $19.50M
YoY Change -5.13% 43.38%
% of Gross Profit 55.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.521M $5.089M
YoY Change 8.49% 37.54%
% of Gross Profit 16.55%
Operating Expenses $373.7M $399.1M
YoY Change -6.35% 2193.43%
Operating Profit $8.304M $14.26M
YoY Change -41.76% 19.8%
Interest Expense -$3.100M -$8.000M
YoY Change -61.25% 400.0%
% of Operating Profit -37.33% -56.1%
Other Income/Expense, Net
YoY Change
Pretax Income $5.168M $12.78M
YoY Change -59.55% 21.68%
Income Tax $3.792M $6.921M
% Of Pretax Income 73.37% 54.17%
Net Earnings $2.235M $6.236M
YoY Change -64.16% -0.81%
Net Earnings / Revenue 0.59% 1.72%
Basic Earnings Per Share $0.07 $0.32
Diluted Earnings Per Share $0.07 $0.32
COMMON SHARES
Basic Shares Outstanding 15.06M 15.98M
Diluted Shares Outstanding 15.19M 16.15M

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $95.20M $170.1M
YoY Change -44.03% 60.78%
Cash & Equivalents $95.22M $170.1M
Short-Term Investments
Other Short-Term Assets $18.19M $44.70M
YoY Change -59.31% 210.42%
Inventory
Prepaid Expenses
Receivables $153.9M $198.6M
Other Receivables $14.80M $6.800M
Total Short-Term Assets $305.5M $420.2M
YoY Change -27.3% 85.85%
LONG-TERM ASSETS
Property, Plant & Equipment $61.42M $58.70M
YoY Change 4.63% 76.28%
Goodwill $339.2M
YoY Change
Intangibles $275.7M
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.52M $37.40M
YoY Change -23.74% 84.24%
Total Long-Term Assets $720.4M $778.4M
YoY Change -7.46% 273.12%
TOTAL ASSETS
Total Short-Term Assets $305.5M $420.2M
Total Long-Term Assets $720.4M $778.4M
Total Assets $1.026B $1.199B
YoY Change -14.41% 175.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.48M $34.60M
YoY Change -17.68% 552.83%
Accrued Expenses $100.3M $211.0M
YoY Change -52.45% 83.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $33.31M $27.10M
YoY Change 22.93% -44.69%
Total Short-Term Liabilities $283.6M $294.3M
YoY Change -3.64% 62.96%
LONG-TERM LIABILITIES
Long-Term Debt $274.5M $476.9M
YoY Change -42.43% 540.13%
Other Long-Term Liabilities $27.45M $30.10M
YoY Change -8.8% 126.32%
Total Long-Term Liabilities $302.0M $507.0M
YoY Change -40.44% 477.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $283.6M $294.3M
Total Long-Term Liabilities $302.0M $507.0M
Total Liabilities $677.3M $892.8M
YoY Change -24.13% 214.03%
SHAREHOLDERS EQUITY
Retained Earnings $70.35M
YoY Change
Common Stock $293.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $74.40M
YoY Change
Treasury Stock Shares $2.334M
Shareholders Equity $271.5M $305.8M
YoY Change
Total Liabilities & Shareholders Equity $1.026B $1.199B
YoY Change -14.41% 175.73%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $2.235M $6.236M
YoY Change -64.16% -0.81%
Depreciation, Depletion And Amortization $5.521M $5.089M
YoY Change 8.49% 37.54%
Cash From Operating Activities $34.68M $15.39M
YoY Change 125.31% 97.31%
INVESTING ACTIVITIES
Capital Expenditures $9.814M $6.394M
YoY Change 53.49% -336.81%
Acquisitions $1.665M
YoY Change
Other Investing Activities -$700.0K -$1.000M
YoY Change -30.0% -166.67%
Cash From Investing Activities -$10.53M -$7.370M
YoY Change 42.93% 514.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $19.58M $721.0K
YoY Change 2615.53%
Debt Paid & Issued, Net $7.750M $71.31M
YoY Change -89.13%
Cash From Financing Activities -13.25M 4.733M
YoY Change -379.99% 1083.25%
NET CHANGE
Cash From Operating Activities 34.68M 15.39M
Cash From Investing Activities -10.53M -7.370M
Cash From Financing Activities -13.25M 4.733M
Net Change In Cash 10.89M 12.75M
YoY Change -14.62% 82.19%
FREE CASH FLOW
Cash From Operating Activities $34.68M $15.39M
Capital Expenditures $9.814M $6.394M
Free Cash Flow $24.86M $8.996M
YoY Change 176.36% -14.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q1 prsc Income Taxes Payable On Gain On Sale Of Business
IncomeTaxesPayableOnGainOnSaleOfBusiness
CY2016Q1 prsc Increase Decrease Accrued Transportation Costs
IncreaseDecreaseAccruedTransportationCosts
19930000
CY2015Q1 prsc Increase Decrease Accrued Transportation Costs
IncreaseDecreaseAccruedTransportationCosts
17830000
CY2016Q1 prsc Longterm Debt And Related Party Notes Payable Current Maturities
LongtermDebtAndRelatedPartyNotesPayableCurrentMaturities
33313000
CY2015Q4 prsc Longterm Debt And Related Party Notes Payable Current Maturities
LongtermDebtAndRelatedPartyNotesPayableCurrentMaturities
31375000
CY2016Q1 prsc Net Services Contracts Current Liability
NetServicesContractsCurrentLiability
22627000
CY2016Q1 prsc Prepaid Income Taxes
PrepaidIncomeTaxes
722000
CY2015Q4 prsc Prepaid Income Taxes
PrepaidIncomeTaxes
1607000
CY2016Q1 prsc Accrued Transportation Costs Current
AccruedTransportationCostsCurrent
84467000
CY2015Q4 prsc Accrued Transportation Costs Current
AccruedTransportationCostsCurrent
64537000
CY2015Q1 prsc Conversion Price
ConversionPrice
39.88
CY2016Q1 prsc Convertible Preferred Stock Dividends Amounts
ConvertiblePreferredStockDividendsAmounts
1099000
CY2015Q1 prsc Convertible Preferred Stock Pro Rata Share
ConvertiblePreferredStockProRataShare
65500000
CY2016Q1 prsc Prepaid Taxes And Licenses
PrepaidTaxesAndLicenses
4422000
CY2015Q4 prsc Prepaid Taxes And Licenses
PrepaidTaxesAndLicenses
4895000
CY2015Q1 prsc Registered Rights Offering Convertible Preferred Stock Value
RegisteredRightsOfferingConvertiblePreferredStockValue
65500000
CY2015Q1 prsc Rights Offering Right To Purchase Preferred Stock Price Per Share
RightsOfferingRightToPurchasePreferredStockPricePerShare
100
CY2015Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-246000
CY2016Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
100327000
CY2015Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
130552000
CY2016Q1 prsc Unfunded Equity Investment Capital Contributions
UnfundedEquityInvestmentCapitalContributions
1531000
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-18323000
CY2015Q1 prsc Unfunded Equity Investment Capital Contributions
UnfundedEquityInvestmentCapitalContributions
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-16831000
CY2015Q4 prsc Net Services Contracts Current Liability
NetServicesContractsCurrentLiability
26669000
CY2016Q1 prsc Number Of Deferred Compensation Plans
NumberOfDeferredCompensationPlans
1
CY2016Q1 prsc Payment Of Contingent Consideration
PaymentOfContingentConsideration
CY2015Q1 prsc Payment Of Contingent Consideration
PaymentOfContingentConsideration
7496000
CY2016Q1 prsc Equity Method Investments Maximum Exposure To Loss
EquityMethodInvestmentsMaximumExposureToLoss
6960000
CY2015Q4 prsc Equity Method Investments Maximum Exposure To Loss
EquityMethodInvestmentsMaximumExposureToLoss
9324000
CY2016Q1 prsc Income Taxes Payable On Gain On Sale Of Business
IncomeTaxesPayableOnGainOnSaleOfBusiness
-28337000
CY2016Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
28481000
CY2015Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
30007000
CY2016Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
153940000
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
178049000
CY2016Q1 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
CY2016Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
293841000
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
293012000
CY2016Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
8815000
CY2015Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
9811000
CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
612000
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
612000
CY2015Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2864000
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5646000
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5587000
CY2016Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
532000
CY2015Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
539000
CY2016Q1 us-gaap Assets
Assets
1025851000
CY2015Q4 us-gaap Assets
Assets
1050202000
CY2016Q1 us-gaap Assets Current
AssetsCurrent
305487000
CY2015Q4 us-gaap Assets Current
AssetsCurrent
319724000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
95217000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
84770000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
84770000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
160406000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
95217000
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
170130000
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
10447000
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9724000
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17210031
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17186780
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17210031
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17186780
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
17000
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
17000
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
730000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
948000
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-93000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6000
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
637000
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
954000
CY2016Q1 us-gaap Cost Of Services
CostOfServices
386488000
CY2015Q1 us-gaap Cost Of Services
CostOfServices
366537000
CY2016Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
312200000
CY2015Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
304950000
CY2016Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4347000
CY2015Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4879000
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3954000
CY2015Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1512000
CY2016Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
28491000
CY2015Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
28667000
CY2016Q1 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
1830000
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
42000
CY2016Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
6516000
CY2015Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
5877000
CY2016Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
91765000
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
93474000
CY2016Q1 us-gaap Deposits Assets Current
DepositsAssetsCurrent
3848000
CY2015Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
3622000
CY2016Q1 us-gaap Depreciation
Depreciation
5521000
CY2015Q1 us-gaap Depreciation
Depreciation
5089000
CY2016Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14336000
CY2015Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
13053000
CY2016Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1099000
CY2015Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
594000
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-442000
CY2015Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3029000
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.666
CY2015Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.542
CY2016Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
28402000
CY2015Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
27546000
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
41000
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1989000
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
41000
CY2015Q1 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1989000
CY2016Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
75000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6377000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12776000
CY2015Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-319000
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19172000
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19466000
CY2016Q1 us-gaap Goodwill
Goodwill
339227000
CY2015Q4 us-gaap Goodwill
Goodwill
340029000
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2129000
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5855000
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
394000
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2717000
CY2015Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2483000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4248000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6921000
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
28564000
CY2015Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
1713000
CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4071000
CY2015Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
14083000
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-22520000
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49699000
CY2016Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
516000
CY2015Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2879000
CY2016Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2615000
CY2015Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
631000
CY2016Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-1487000
CY2015Q1 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-77000
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3222000
CY2015Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6364000
CY2016Q1 us-gaap Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
-1728000
CY2015Q1 us-gaap Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
-1121000
CY2016Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-2514000
CY2015Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-694000
CY2016Q1 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
CY2015Q1 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
106000
CY2016Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
275728000
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
285951000
CY2016Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3635000
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5195000
CY2016Q1 us-gaap Interest Paid
InterestPaid
3165000
CY2015Q1 us-gaap Interest Paid
InterestPaid
4439000
CY2016Q1 us-gaap Liabilities
Liabilities
677342000
CY2015Q4 us-gaap Liabilities
Liabilities
682494000
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1025851000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1050202000
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
283586000
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
295272000
CY2016Q1 us-gaap Long Term Debt
LongTermDebt
307853000
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
300071000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
274540000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
268696000
CY2016Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
33313000
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
31375000
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
274540000
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
268696000
CY2016Q1 us-gaap Minority Interest
MinorityInterest
-545000
CY2015Q4 us-gaap Minority Interest
MinorityInterest
-452000
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13211000
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4733000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10534000
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7370000
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34634000
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15390000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
2235000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
6237000
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-106000
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12000
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1002000
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5092000
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
419996000
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
399056000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
12654000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
20773000
CY2016Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
45529000
CY2015Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
52035000
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
18187000
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
14634000
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28521000
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
30625000
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1492000
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5295000
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1492000
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5295000
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
27451000
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
25052000
CY2016Q1 us-gaap Other Noncash Expense
OtherNoncashExpense
-43000
CY2015Q1 us-gaap Other Noncash Expense
OtherNoncashExpense
319000
CY2016Q1 us-gaap Other Receivables
OtherReceivables
14800000
CY2015Q4 us-gaap Other Receivables
OtherReceivables
16298000
CY2016Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
5000
CY2015Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
5000
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19579000
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
721000
CY2016Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
1276000
CY2016Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1099000
CY2015Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
594000
CY2016Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
CY2015Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1665000
CY2016Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
3229000
CY2015Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9814000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
69209000
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
8597000
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
61419000
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
57787000
CY2016Q1 us-gaap Restructuring Reserve
RestructuringReserve
8240000
CY2016Q1 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-252000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6394000
CY2016Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
31111000
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
30718000
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
31111000
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
30718000
CY2016Q1 us-gaap Prepaid Insurance
PrepaidInsurance
1752000
CY2015Q4 us-gaap Prepaid Insurance
PrepaidInsurance
3714000
CY2016Q1 us-gaap Prepaid Rent
PrepaidRent
2180000
CY2015Q4 us-gaap Prepaid Rent
PrepaidRent
2246000
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
15000000
CY2015Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
CY2016Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
CY2015Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
80667000
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
CY2015Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1000
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
176000
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2199000
CY2016Q1 us-gaap Profit Loss
ProfitLoss
2129000
CY2015Q1 us-gaap Profit Loss
ProfitLoss
6249000
CY2016Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
494000
CY2015Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
599000
CY2016Q1 us-gaap Reinsurance Payable
ReinsurancePayable
8507000
CY2015Q4 us-gaap Reinsurance Payable
ReinsurancePayable
10134000
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7750000
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
71312000
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3903000
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4012000
CY2016Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
13639000
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
16044000
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
70345000
CY2016Q1 us-gaap Revenues
Revenues
432650000
CY2015Q1 us-gaap Revenues
Revenues
419829000
CY2016Q1 us-gaap Severance Costs1
SeveranceCosts1
1171000
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
612000
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2864000
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
474773
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.15
CY2016Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
-100000
CY2016Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
217000
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
271478000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
290584000
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
270933000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
290132000
CY2016Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
3769000
CY2015Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
24302000
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2333784
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1895998
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
74402000
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
54823000
CY2016Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
19479000
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
134000
CY2015Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
305000
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15185548
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16145176
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15057598
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15976050

Files In Submission

Name View Source Status
0001437749-16-031027-index-headers.html Edgar Link pending
0001437749-16-031027-index.html Edgar Link pending
0001437749-16-031027.txt Edgar Link pending
0001437749-16-031027-xbrl.zip Edgar Link pending
ex10-2.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
prsc-20160331.xml Edgar Link completed
prsc-20160331.xsd Edgar Link pending
prsc-20160331_cal.xml Edgar Link unprocessable
prsc-20160331_def.xml Edgar Link unprocessable
prsc-20160331_lab.xml Edgar Link unprocessable
prsc-20160331_pre.xml Edgar Link unprocessable
prsc20160331_10q.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending