$PNTG
Pennant Group, Inc.

2020 Q2 Form 10-Q Financial Statement

#000176640020000096 Filed on August 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $92.74M $82.73M
YoY Change 12.09%
Cost Of Revenue $66.80M $63.00M
YoY Change 6.03%
Gross Profit $26.00M $19.70M
YoY Change 31.98%
Gross Profit Margin 28.04% 23.81%
Selling, General & Admin $17.00M $15.40M
YoY Change 10.39%
% of Gross Profit 65.38% 78.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.197M $940.0K
YoY Change 27.34% -34.72%
% of Gross Profit 4.6% 4.77%
Operating Expenses $18.20M $16.40M
YoY Change 10.98%
Operating Profit $6.075M $3.312M
YoY Change 83.42%
Interest Expense $301.0K $0.00
YoY Change
% of Operating Profit 4.95% 0.0%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $5.774M $3.312M
YoY Change 74.34%
Income Tax $1.437M -$375.0K
% Of Pretax Income 24.89% -11.32%
Net Earnings $4.337M $3.487M
YoY Change 24.38% -16.2%
Net Earnings / Revenue 4.68% 4.21%
Basic Earnings Per Share $0.16 $0.13
Diluted Earnings Per Share $0.15 $0.13
COMMON SHARES
Basic Shares Outstanding 27.95M shares 27.83M shares
Diluted Shares Outstanding 29.66M shares 27.83M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.10M $0.00
YoY Change
Cash & Equivalents $12.13M $43.00K
Short-Term Investments
Other Short-Term Assets $6.400M $4.500M
YoY Change 42.22%
Inventory
Prepaid Expenses
Receivables $33.86M $27.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $52.43M $32.20M
YoY Change 62.83%
LONG-TERM ASSETS
Property, Plant & Equipment $19.03M $251.1M
YoY Change -92.42%
Goodwill $45.37M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.900M $2.600M
YoY Change 50.0%
Total Long-Term Assets $416.8M $324.5M
YoY Change 28.45%
TOTAL ASSETS
Total Short-Term Assets $52.43M $32.20M
Total Long-Term Assets $416.8M $324.5M
Total Assets $469.2M $356.7M
YoY Change 31.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.224M $4.900M
YoY Change 47.43%
Accrued Expenses $31.60M $33.70M
YoY Change -6.23%
Deferred Revenue $1.836M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $80.46M $43.00M
YoY Change 87.12%
LONG-TERM LIABILITIES
Long-Term Debt $600.0K $0.00
YoY Change
Other Long-Term Liabilities $5.021M $227.1M
YoY Change -97.79%
Total Long-Term Liabilities $5.021M $227.1M
YoY Change -97.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $80.46M $43.00M
Total Long-Term Liabilities $5.021M $227.1M
Total Liabilities $386.7M $283.4M
YoY Change 36.47%
SHAREHOLDERS EQUITY
Retained Earnings $3.518M
YoY Change
Common Stock $28.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $57.00K
YoY Change
Treasury Stock Shares
Shareholders Equity $82.50M $73.30M
YoY Change
Total Liabilities & Shareholders Equity $469.2M $356.7M
YoY Change 31.55%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $4.337M $3.487M
YoY Change 24.38% -16.2%
Depreciation, Depletion And Amortization $1.197M $940.0K
YoY Change 27.34% -34.72%
Cash From Operating Activities $41.31M $5.410M
YoY Change 663.59% -41.51%
INVESTING ACTIVITIES
Capital Expenditures -$3.040M -$2.760M
YoY Change 10.14% 30.81%
Acquisitions
YoY Change
Other Investing Activities -$3.980M -$13.25M
YoY Change -69.96% 2844.44%
Cash From Investing Activities -$7.030M -$16.00M
YoY Change -56.06% 525.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.98M 10.59M
YoY Change -354.77% -258.3%
NET CHANGE
Cash From Operating Activities 41.31M 5.410M
Cash From Investing Activities -7.030M -16.00M
Cash From Financing Activities -26.98M 10.59M
Net Change In Cash 7.300M 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities $41.31M $5.410M
Capital Expenditures -$3.040M -$2.760M
Free Cash Flow $44.35M $8.170M
YoY Change 442.84% -28.08%

Facts In Submission

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IncreaseDecreaseInEmployeeRelatedLiabilities
-328000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
4600000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
150000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
27997000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43398000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4003000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5963000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3641000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
6868000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
14759000 USD
pntg Paymentsfor Asset Acquisitions
PaymentsforAssetAcquisitions
0 USD
pntg Paymentsfor Asset Acquisitions
PaymentsforAssetAcquisitions
20000 USD
pntg Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
639000 USD
pntg Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
0 USD
pntg Payments For Proceeds From Property Reserve Requirements
PaymentsForProceedsFromPropertyReserveRequirements
333000 USD
pntg Payments For Proceeds From Property Reserve Requirements
PaymentsForProceedsFromPropertyReserveRequirements
147000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13803000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18567000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2293000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2293000 USD
pntg Distribution To From Parent
DistributionToFromParent
0 USD
pntg Distribution To From Parent
DistributionToFromParent
14566000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
26500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
44500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
57000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
26000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
215000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17868000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14566000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11727000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
402000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12129000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43000 USD
us-gaap Interest Paid Net
InterestPaidNet
619000 USD
us-gaap Interest Paid Net
InterestPaidNet
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2430000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
18462000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
16721000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3437000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4198000 USD
pntg Adjustment Operating Lease Right Of Use Asset And Operating Lease Liability
AdjustmentOperatingLeaseRightOfUseAssetAndOperatingLeaseLiability
441000 USD
pntg Adjustment Operating Lease Right Of Use Asset And Operating Lease Liability
AdjustmentOperatingLeaseRightOfUseAssetAndOperatingLeaseLiability
0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1035000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
600000 USD
us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div style="text-indent:36pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Pennant Group, Inc. (herein referred to as “Pennant,” the “Company,” “it,” or “its”), is a holding company with no direct operating assets, employees or revenue. The Company, through its independent operating subsidiaries, provides healthcare services across the post-acute care continuum. As of June 30, 2020, the Company’s subsidiaries operated 67 home health, hospice and home care agencies and 54 senior living communities located in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. </span></div><div style="text-indent:36pt;text-align:justify;"><span><br/></span></div><div style="text-indent:36pt;text-align:justify;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On October 1, 2019, The Ensign Group, Inc. (NASDAQ: ENSG) (“Ensign” or the “Parent”) completed the separation of Pennant (the “Spin-Off”). To accomplish the Spin-Off, Ensign contributed all of its home health and hospice and substantially all of its senior living businesses into Pennant and distributed to Ensign’s stockholders all of the outstanding shares of Pennant common stock. Each Ensign stockholder received a distribution of one share of Pennant’s common stock for every two shares of Ensign’s common stock, plus cash in lieu of fractional shares. Additionally, the noncontrolling interest was converted into shares of Pennant at the established conversion ratio. As a result of the Spin-Off on October 1, 2019, Pennant began trading as an independent company on the NASDAQ under the symbol “PNTG.”</span></div><div style="text-indent:36pt;text-align:justify;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain of the Company’s subsidiaries, collectively referred to as the Service Center, provide accounting, payroll, human resources, information technology, legal, risk management, and other services to the operations through contractual relationships. </span></div><div style="text-indent:36pt;text-align:justify;margin-top:10pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Each of the Company’s affiliated operations are operated by separate, independent subsidiaries that have their own management, employees and assets. References herein to the consolidated “Company” and “its” assets and activities is not meant to imply, nor should it be construed as meaning, that Pennant has direct operating assets, employees or revenue, or that any of the subsidiaries, are operated by Pennant.</span></div>
CY2019Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
6889000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
15133000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
4337000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
3487000 USD
us-gaap Net Income Loss
NetIncomeLoss
7317000 USD
us-gaap Net Income Loss
NetIncomeLoss
4821000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
4337000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
3687000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
350000 USD
us-gaap Profit Loss
ProfitLoss
7317000 USD
us-gaap Profit Loss
ProfitLoss
5171000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27952000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27834000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27922000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27834000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1710000 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1858000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29662000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27834000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29780000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27834000 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
240000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
102000 shares
CY2020Q2 pntg Coronavirus Aid Relief And Economic Security Act Proceeds Received
CoronavirusAidReliefAndEconomicSecurityActProceedsReceived
9858000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92740000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
82734000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
184589000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
160641000 USD
CY2020Q2 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Received
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsReceived
27997000 USD
CY2020Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
34374000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
32860000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
516000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
677000 USD
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
33858000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
32183000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92740000 USD
CY2020Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
20625000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
82734000 USD
CY2019Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
15357000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
184589000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
38139000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
160641000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
30024000 USD
CY2020Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
20625000 USD
CY2019Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
15357000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
38139000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
30024000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1201000 USD
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
962000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2222000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1772000 USD
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
9767000 USD
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
8533000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
19473000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
16830000 USD
CY2020Q2 pntg Start Up Activities Costs
StartUpActivitiesCosts
473000 USD
pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
317000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
508000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3915000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1127000 USD
CY2020Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2019Q2 pntg Start Up Activities Costs
StartUpActivitiesCosts
81000 USD
pntg Start Up Activities Costs
StartUpActivitiesCosts
705000 USD
pntg Start Up Activities Costs
StartUpActivitiesCosts
317000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1959000 USD
CY2019Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
503000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
541000 USD
CY2020Q2 pntg Spinoff Transaction Costs
SpinoffTransactionCosts
0 USD
CY2019Q2 pntg Spinoff Transaction Costs
SpinoffTransactionCosts
1658000 USD
pntg Spinoff Transaction Costs
SpinoffTransactionCosts
0 USD
pntg Spinoff Transaction Costs
SpinoffTransactionCosts
4648000 USD
CY2020Q2 pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
267000 USD
CY2019Q2 pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
0 USD
CY2020Q2 pntg Incremental Costs Direct Medical Supplies Labor And Other Expenses
IncrementalCostsDirectMedicalSuppliesLaborAndOtherExpenses
883000 USD
pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
0 USD
CY2019Q2 pntg Incremental Costs Direct Medical Supplies Labor And Other Expenses
IncrementalCostsDirectMedicalSuppliesLaborAndOtherExpenses
0 USD
pntg Incremental Costs Direct Medical Supplies Labor And Other Expenses
IncrementalCostsDirectMedicalSuppliesLaborAndOtherExpenses
1160000 USD
pntg Incremental Costs Direct Medical Supplies Labor And Other Expenses
IncrementalCostsDirectMedicalSuppliesLaborAndOtherExpenses
0 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
350000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6075000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3312000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
10347000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
5139000 USD
CY2020Q2 pntg Direct Medical Supplies Labor And Other Expenses
DirectMedicalSuppliesLaborAndOtherExpenses
554000 USD
CY2020Q1 pntg Direct Medical Supplies Labor And Other Expenses
DirectMedicalSuppliesLaborAndOtherExpenses
277000 USD
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
14759000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32901000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
26428000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
13876000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11784000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19025000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14644000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
1197000 USD
us-gaap Depreciation
Depreciation
2215000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
940000 USD
us-gaap Depreciation
Depreciation
1736000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
41233000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4139000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
45372000 USD
CY2020Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
36628000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
33462000 USD
CY2020Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2289000 USD
CY2019Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2152000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1836000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1937000 USD
CY2020Q2 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Received
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsReceived
27997000 USD
CY2019Q4 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Received
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsReceived
0 USD
CY2020Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
6171000 USD
CY2019Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
6292000 USD
CY2020Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
866000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1130000 USD
CY2020Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
2431000 USD
CY2019Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
2400000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
41590000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
13911000 USD
CY2020Q2 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Received
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsReceived
27997000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1358000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1474000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
642000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
18526000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
80000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
162000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
508000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1127000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1959000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
508000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3915000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1127000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
74000 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
0 USD
us-gaap Sublease Income
SubleaseIncome
74000 USD
us-gaap Sublease Income
SubleaseIncome
0 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1347000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1147000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2676000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2179000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
19004000 USD
CY2020Q2 pntg Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
388207000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
554473000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
37650000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
37109000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
36582000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
35921000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
240483000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
313990000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13369000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
300621000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P15Y6M
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1437000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2326000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-375000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-32000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.113
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.006
CY2020Q2 pntg General And Professional Liability Insurance Retention Limit Per Claim
GeneralAndProfessionalLiabilityInsuranceRetentionLimitPerClaim
250000 USD
CY2020Q2 pntg Workers Compensation Insurance Retention Limit Per Claim
WorkersCompensationInsuranceRetentionLimitPerClaim
150000 USD

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