$PNTG
Pennant Group, Inc.

2021 Q2 Form 10-Q Financial Statement

#000176640021000125 Filed on August 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q4 2020 Q2
Revenue $110.3M $108.0M $92.74M
YoY Change 18.98% 20.67% 12.09%
Cost Of Revenue $86.67M $83.00M $66.80M
YoY Change 29.74% 20.46% 6.03%
Gross Profit $23.68M $24.90M $26.00M
YoY Change -8.93% 20.87% 31.98%
Gross Profit Margin 21.46% 23.06% 28.04%
Selling, General & Admin $18.25M $18.80M $17.00M
YoY Change 7.36% -10.48% 10.39%
% of Gross Profit 77.08% 75.5% 65.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.167M $1.250M $1.197M
YoY Change -2.51% 28.87% 27.34%
% of Gross Profit 4.93% 5.02% 4.6%
Operating Expenses $19.42M $20.10M $18.20M
YoY Change 6.71% -8.64% 10.98%
Operating Profit $3.569M $4.800M $6.075M
YoY Change -41.25% -442.86% 83.42%
Interest Expense $472.0K -$300.0K $301.0K
YoY Change 56.81% -25.0%
% of Operating Profit 13.22% -6.25% 4.95%
Other Income/Expense, Net $24.00K $0.00 $0.00
YoY Change
Pretax Income $3.073M $3.700M $5.774M
YoY Change -46.78% -305.56% 74.34%
Income Tax $604.0K -$100.0K $1.437M
% Of Pretax Income 19.66% -2.7% 24.89%
Net Earnings $2.650M $4.000M $4.337M
YoY Change -38.9% -205.26% 24.38%
Net Earnings / Revenue 2.4% 3.7% 4.68%
Basic Earnings Per Share $0.09 $0.16
Diluted Earnings Per Share $0.09 $129.0K $0.15
COMMON SHARES
Basic Shares Outstanding 28.36M shares 28.19M shares 27.95M shares
Diluted Shares Outstanding 30.65M shares 29.66M shares

Balance Sheet

Concept 2021 Q2 2020 Q4 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.879M $0.00 $12.10M
YoY Change -76.21% -100.0%
Cash & Equivalents $2.879M $43.00K $12.13M
Short-Term Investments
Other Short-Term Assets $18.46M $12.30M $6.400M
YoY Change 188.48% 101.64% 42.22%
Inventory
Prepaid Expenses
Receivables $52.14M $47.22M $33.86M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $73.48M $59.60M $52.43M
YoY Change 40.14% 54.07% 62.83%
LONG-TERM ASSETS
Property, Plant & Equipment $17.97M $17.88M $19.03M
YoY Change -5.55% 22.13% -92.42%
Goodwill $73.36M $66.44M $45.37M
YoY Change 61.69% 61.14%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.678M $6.900M $3.900M
YoY Change 96.87% 102.94% 50.0%
Total Long-Term Assets $456.3M $447.4M $416.8M
YoY Change 9.48% 9.37% 28.45%
TOTAL ASSETS
Total Short-Term Assets $73.48M $59.60M $52.43M
Total Long-Term Assets $456.3M $447.4M $416.8M
Total Assets $529.8M $507.0M $469.2M
YoY Change 12.91% 13.23% 31.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.321M $9.761M $7.224M
YoY Change 15.19% 12.8% 47.43%
Accrued Expenses $37.99M $41.00M $31.60M
YoY Change 20.21% 9.92% -6.23%
Deferred Revenue $1.501M $1.271M $1.836M
YoY Change -18.25% -34.38%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.82M $89.02M $80.46M
YoY Change 2.93% 73.88% 87.12%
LONG-TERM LIABILITIES
Long-Term Debt $38.11M $8.300M $600.0K
YoY Change 6252.17% -55.14%
Other Long-Term Liabilities $7.732M $11.90M $5.021M
YoY Change 53.99% 313.52% -97.79%
Total Long-Term Liabilities $7.732M $11.90M $5.021M
YoY Change 53.99% 313.52% -97.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.82M $89.02M $80.46M
Total Long-Term Liabilities $7.732M $11.90M $5.021M
Total Liabilities $419.8M $405.8M $386.7M
YoY Change 8.55% 7.74% 36.47%
SHAREHOLDERS EQUITY
Retained Earnings $15.55M $11.95M $3.518M
YoY Change 341.87% -414.42%
Common Stock $28.00K $28.00K $28.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $65.00K $65.00K $57.00K
YoY Change 14.04%
Treasury Stock Shares 3.000K shares 3.000K shares
Shareholders Equity $105.6M $96.60M $82.50M
YoY Change
Total Liabilities & Shareholders Equity $529.8M $507.0M $469.2M
YoY Change 12.91% 13.23% 31.55%

Cashflow Statement

Concept 2021 Q2 2020 Q4 2020 Q2
OPERATING ACTIVITIES
Net Income $2.650M $4.000M $4.337M
YoY Change -38.9% -205.26% 24.38%
Depreciation, Depletion And Amortization $1.167M $1.250M $1.197M
YoY Change -2.51% 28.87% 27.34%
Cash From Operating Activities -$4.536M -$2.890M $41.31M
YoY Change -110.98% 9.06% 663.59%
INVESTING ACTIVITIES
Capital Expenditures -$1.662M $440.0K -$3.040M
YoY Change -45.33% -121.26% 10.14%
Acquisitions
YoY Change
Other Investing Activities -$9.825M -$14.47M -$3.980M
YoY Change 146.86% 669.68% -69.96%
Cash From Investing Activities -$11.48M -$14.04M -$7.030M
YoY Change 63.26% 254.55% -56.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.30M 8.640M -26.98M
YoY Change -149.29% 24.32% -354.77%
NET CHANGE
Cash From Operating Activities -4.536M -2.890M 41.31M
Cash From Investing Activities -11.48M -14.04M -7.030M
Cash From Financing Activities 13.30M 8.640M -26.98M
Net Change In Cash -2.714M -8.290M 7.300M
YoY Change -137.18% -2538.24%
FREE CASH FLOW
Cash From Operating Activities -$4.536M -$2.890M $41.31M
Capital Expenditures -$1.662M $440.0K -$3.040M
Free Cash Flow -$2.874M -$3.330M $44.35M
YoY Change -106.48% 474.14% 442.84%

Facts In Submission

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StockIssuedDuringPeriodValueStockOptionsExercised
295000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
70500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
26500000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
109982000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
71111000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
2980000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1956000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
138000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
76185000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
4337000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1959000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
77000 USD
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
57000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
82501000 USD
us-gaap Profit Loss
ProfitLoss
3382000 USD
us-gaap Profit Loss
ProfitLoss
7317000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2345000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2222000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
229000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
162000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
446000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
282000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4915000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3915000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
111000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5360000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2077000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7221000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
232000 USD
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
893000 USD
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
2168000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1500000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2019000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-5017000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-937000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
2328000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
4600000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-7096000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
27997000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-261000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11806000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43398000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2412000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5963000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
12800000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
6868000 USD
pntg Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
0 USD
pntg Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
639000 USD
pntg Payments For Proceeds From Property Reserve Requirements
PaymentsForProceedsFromPropertyReserveRequirements
265000 USD
pntg Payments For Proceeds From Property Reserve Requirements
PaymentsForProceedsFromPropertyReserveRequirements
333000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15477000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13803000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
39500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
44500000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
57000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1394000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
26000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
513000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
215000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30119000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17868000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2836000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11727000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
402000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2879000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12129000 USD
us-gaap Interest Paid Net
InterestPaidNet
598000 USD
us-gaap Interest Paid Net
InterestPaidNet
619000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1295000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2430000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
19496000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
18462000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2872000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3437000 USD
pntg Adjustment Operating Lease Right Of Use Asset And Operating Lease Liability
AdjustmentOperatingLeaseRightOfUseAssetAndOperatingLeaseLiability
0 USD
pntg Adjustment Operating Lease Right Of Use Asset And Operating Lease Liability
AdjustmentOperatingLeaseRightOfUseAssetAndOperatingLeaseLiability
441000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
561000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1035000 USD
us-gaap Nature Of Operations
NatureOfOperations
DESCRIPTION OF BUSINESS<div style="text-align:justify;text-indent:36pt"><span style="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, 2021, the Company’s subsidiaries operated 86 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-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="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. 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. 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="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="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="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="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>
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Estimates and Assumptions -</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of the Interim Financial Statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Interim Financial Statements and the reported amounts of revenue and expenses during the reporting periods. The most significant estimates in the Interim Financial Statements relate to revenue, intangible assets and goodwill, right-of-use assets and lease liabilities for leases greater than 12 months, self-insurance reserves, and income taxes. Actual results could differ from those estimates.</span>
CY2021Q2 pntg Accrued Payroll Taxes Employer Portion
AccruedPayrollTaxesEmployerPortion
7836000 USD
CY2020Q4 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Received
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsReceived
27997000 USD
CY2021Q2 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Recouped
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsRecouped
7096000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
2469000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
4337000 USD
us-gaap Profit Loss
ProfitLoss
3382000 USD
us-gaap Profit Loss
ProfitLoss
7317000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-181000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-218000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
2650000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
4337000 USD
us-gaap Net Income Loss
NetIncomeLoss
3600000 USD
us-gaap Net Income Loss
NetIncomeLoss
7317000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28356000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27952000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28324000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27922000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2291000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1710000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2461000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1858000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30647000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29662000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30785000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29780000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
484000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
380000 shares
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
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
110345000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
92740000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
216008000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
184589000 USD
CY2021Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
53050000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
47864000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
914000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
643000 USD
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
52136000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
47221000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
110345000 USD
CY2021Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
18615000 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
20738000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
216008000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
34842000 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
38359000 USD
CY2021Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
18615000 USD
CY2020Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
20738000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
34842000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
38359000 USD
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1170000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1201000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2345000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2222000 USD
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
10156000 USD
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
9767000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
20121000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
19473000 USD
CY2021Q2 us-gaap Other Expenses
OtherExpenses
24000 USD
CY2020Q2 us-gaap Other Expenses
OtherExpenses
0 USD
us-gaap Other Expenses
OtherExpenses
24000 USD
us-gaap Other Expenses
OtherExpenses
0 USD
CY2021Q2 pntg Start Up Activities Costs
StartUpActivitiesCosts
347000 USD
CY2020Q2 pntg Start Up Activities Costs
StartUpActivitiesCosts
473000 USD
pntg Start Up Activities Costs
StartUpActivitiesCosts
459000 USD
pntg Start Up Activities Costs
StartUpActivitiesCosts
705000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2499000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1959000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4915000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3915000 USD
CY2021Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
30000 USD
CY2020Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
37000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2021Q2 pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
687000 USD
CY2020Q2 pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
380000 USD
pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
1589000 USD
pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
537000 USD
CY2021Q2 pntg Incremental Costs Direct Medical Supplies Labor And Other Expenses
IncrementalCostsDirectMedicalSuppliesLaborAndOtherExpenses
0 USD
CY2020Q2 pntg Incremental Costs Direct Medical Supplies Labor And Other Expenses
IncrementalCostsDirectMedicalSuppliesLaborAndOtherExpenses
883000 USD
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
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-181000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-218000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
3569000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6075000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
5182000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
10347000 USD
CY2021Q2 pntg Amount To Offset Expense Sequestration Relief
AmountToOffsetExpenseSequestrationRelief
870000 USD
pntg Amount To Offset Expense Sequestration Relief
AmountToOffsetExpenseSequestrationRelief
1818000 USD
CY2020Q2 pntg Direct Medical Supplies Labor And Other Expenses
DirectMedicalSuppliesLaborAndOtherExpenses
554000 USD
pntg Direct Medical Supplies Labor And Other Expenses
DirectMedicalSuppliesLaborAndOtherExpenses
554000 USD
pntg Direct Medical Supplies Labor And Other Expenses
DirectMedicalSuppliesLaborAndOtherExpenses
554000 USD
pntg Direct Medical Supplies Labor And Other Expenses
DirectMedicalSuppliesLaborAndOtherExpenses
554000 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
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36044000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33590000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18075000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15706000 USD
CY2021Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
53889000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17969000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17884000 USD
CY2021Q2 us-gaap Depreciation
Depreciation
1167000 USD
us-gaap Depreciation
Depreciation
2338000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
1197000 USD
us-gaap Depreciation
Depreciation
2215000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
66444000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6920000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
73364000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
47488000 USD
CY2021Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2674000 USD
CY2020Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2664000 USD
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1501000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1271000 USD
CY2021Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
5571000 USD
CY2020Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
5647000 USD
CY2021Q2 pntg Contract Liability Advance Payments Cares Act
ContractLiabilityAdvancePaymentsCARESAct
20901000 USD
CY2020Q4 pntg Contract Liability Advance Payments Cares Act
ContractLiabilityAdvancePaymentsCARESAct
22771000 USD
CY2021Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
897000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
982000 USD
CY2021Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
2350000 USD
CY2020Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
1354000 USD
CY2021Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3518000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3586000 USD
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37412000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
38275000 USD
CY2020Q4 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Received
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsReceived
27997000 USD
CY2021Q2 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Recouped
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsRecouped
7096000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2387000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1223000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
38113000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
8277000 USD
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
142000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
229000 USD
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
80000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
162000 USD
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
150000000 USD
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2499000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1959000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4915000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3915000 USD
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
74000 USD
us-gaap Sublease Income
SubleaseIncome
0 USD
us-gaap Sublease Income
SubleaseIncome
74000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1490000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1347000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2989000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
2676000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
19603000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38630000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
37673000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
36663000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
35739000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y6M
CY2021Q2 pntg Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
356870000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
525178000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
218785000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
306393000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15233000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
291160000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
604000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
944000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.197
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.218
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1437000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2326000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
CY2021Q2 pntg Number Of Operating Subsidiaries With Reviews Scheduled
NumberOfOperatingSubsidiariesWithReviewsScheduled
8 review
CY2021Q2 pntg General And Professional Liability Insurance Retention Limit Per Claim
GeneralAndProfessionalLiabilityInsuranceRetentionLimitPerClaim
150000 USD
CY2021Q2 pntg Corridor As An Additional Out Of Pocket Retention
CorridorAsAnAdditionalOutOfPocketRetention
500000 USD
CY2021Q2 pntg Workers Compensation Insurance Retention Limit Per Claim
WorkersCompensationInsuranceRetentionLimitPerClaim
250000 USD

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