$PNTG
Pennant Group, Inc.

2021 Q4 Form 10-Q Financial Statement

#000176640021000151 Filed on November 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $111.8M $111.9M $98.40M
YoY Change 3.49% 13.74% 11.31%
Cost Of Revenue $93.19M $89.62M $74.70M
YoY Change 12.27% 19.97% 9.37%
Gross Profit $18.58M $22.30M $23.70M
YoY Change -25.38% -5.9% 17.91%
Gross Profit Margin 16.62% 19.93% 24.09%
Selling, General & Admin $19.35M $19.16M $17.10M
YoY Change 2.91% 12.07% 0.0%
% of Gross Profit 104.13% 85.93% 72.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.239M $1.189M $1.209M
YoY Change -0.88% -1.65% 13.84%
% of Gross Profit 6.67% 5.33% 5.1%
Operating Expenses $20.59M $20.36M $18.30M
YoY Change 2.42% 11.28% 0.55%
Operating Profit -$2.006M $1.702M $4.478M
YoY Change -141.79% -61.99% 132.5%
Interest Expense -$597.0K $512.0K $192.0K
YoY Change 99.0% 166.67%
% of Operating Profit 30.08% 4.29%
Other Income/Expense, Net $0.00 $225.0K
YoY Change -100.0%
Pretax Income -$2.786M $1.190M $4.511M
YoY Change -175.3% -73.62% 134.22%
Income Tax -$431.0K $69.00K $104.0K
% Of Pretax Income 5.8% 2.31%
Net Earnings -$2.149M $1.245M $4.407M
YoY Change -153.73% -71.75% 189.17%
Net Earnings / Revenue -1.92% 1.11% 4.48%
Basic Earnings Per Share $0.04 $0.16
Diluted Earnings Per Share -$75.32K $0.04 $0.15
COMMON SHARES
Basic Shares Outstanding 28.48M shares 28.44M shares 28.06M shares
Diluted Shares Outstanding 30.56M shares 30.24M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.190M $3.707M $8.300M
YoY Change -55.34%
Cash & Equivalents $5.190M $3.707M $8.320M
Short-Term Investments
Other Short-Term Assets $16.71M $17.85M $9.300M
YoY Change 35.86% 91.94% 158.33%
Inventory
Prepaid Expenses
Receivables $53.94M $53.40M $35.87M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $75.84M $74.96M $53.45M
YoY Change 27.25% 40.24% 57.67%
LONG-TERM ASSETS
Property, Plant & Equipment $16.79M $18.51M $19.06M
YoY Change -6.13% -2.87% 38.9%
Goodwill $74.27M $73.79M $49.09M
YoY Change 11.77% 50.3% 19.06%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.676M $8.052M $8.800M
YoY Change 25.74% -8.5% 450.0%
Total Long-Term Assets $454.5M $454.2M $426.7M
YoY Change 1.58% 6.46% 29.63%
TOTAL ASSETS
Total Short-Term Assets $75.84M $74.96M $53.45M
Total Long-Term Assets $454.5M $454.2M $426.7M
Total Assets $530.3M $529.2M $480.1M
YoY Change 4.6% 10.22% 32.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.55M $9.763M $7.773M
YoY Change 8.11% 25.6% 63.85%
Accrued Expenses $40.70M $38.75M $34.40M
YoY Change -0.73% 12.64% -15.27%
Deferred Revenue $1.456M $1.366M $1.473M
YoY Change 14.56% -7.26% -22.15%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.64M $76.53M $83.27M
YoY Change -19.52% -8.09% 64.59%
LONG-TERM LIABILITIES
Long-Term Debt $51.37M $42.74M $700.0K
YoY Change 518.94% 6006.0%
Other Long-Term Liabilities $5.293M $8.841M $8.903M
YoY Change -55.51% -0.7% 1188.42%
Total Long-Term Liabilities $5.293M $8.841M $8.903M
YoY Change -55.51% -0.7% 1188.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.64M $76.53M $83.27M
Total Long-Term Liabilities $5.293M $8.841M $8.903M
Total Liabilities $416.1M $415.4M $390.8M
YoY Change 2.53% 6.29% 40.23%
SHAREHOLDERS EQUITY
Retained Earnings $14.64M $16.79M $7.925M
YoY Change 22.57% 111.86%
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 $65.00K
YoY Change 0.0% 0.0%
Treasury Stock Shares 3.000K shares 3.000K shares
Shareholders Equity $110.2M $109.6M $89.30M
YoY Change
Total Liabilities & Shareholders Equity $530.3M $529.2M $480.1M
YoY Change 4.6% 10.22% 32.25%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income -$2.149M $1.245M $4.407M
YoY Change -153.73% -71.75% 189.17%
Depreciation, Depletion And Amortization $1.239M $1.189M $1.209M
YoY Change -0.88% -1.65% 13.84%
Cash From Operating Activities -$5.158M -$1.259M $9.690M
YoY Change 78.48% -112.99% 18.17%
INVESTING ACTIVITIES
Capital Expenditures -$2.159M -$1.732M -$1.730M
YoY Change -590.68% 0.12% 73.0%
Acquisitions
YoY Change
Other Investing Activities $105.0K -$857.0K -$12.05M
YoY Change -100.73% -92.89% 309.86%
Cash From Investing Activities -$2.054M -$2.589M -$13.78M
YoY Change -85.37% -81.21% 249.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.695M 4.676M 280.0K
YoY Change 0.64% 1570.0% -106.59%
NET CHANGE
Cash From Operating Activities -5.158M -1.259M 9.690M
Cash From Investing Activities -2.054M -2.589M -13.78M
Cash From Financing Activities 8.695M 4.676M 280.0K
Net Change In Cash 1.483M 828.0K -3.810M
YoY Change -117.89% -121.73% -38200.0%
FREE CASH FLOW
Cash From Operating Activities -$5.158M -$1.259M $9.690M
Capital Expenditures -$2.159M -$1.732M -$1.730M
Free Cash Flow -$2.999M $473.0K $11.42M
YoY Change -9.94% -95.86% 24.13%

Facts In Submission

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StockIssuedDuringPeriodValueStockOptionsExercised
295000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
109982000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1245000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-124000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2568000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
176000 USD
us-gaap Profit Loss
ProfitLoss
4503000 USD
us-gaap Profit Loss
ProfitLoss
11724000 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
113847000 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
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
4407000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2102000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
337000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
8000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
89339000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3545000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3434000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
358000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
248000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
528000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
397000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7483000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6017000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
87000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6708000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4201000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6861000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3055000 USD
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
883000 USD
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
2177000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-49000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-946000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-4644000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
2199000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
2709000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
7096000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-14638000 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
-13065000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53087000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4144000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7692000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
13550000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
14093000 USD
pntg Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
0 USD
pntg Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
5287000 USD
pntg Payments For Proceeds From Property Reserve Requirements
PaymentsForProceedsFromPropertyReserveRequirements
372000 USD
pntg Payments For Proceeds From Property Reserve Requirements
PaymentsForProceedsFromPropertyReserveRequirements
506000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18066000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27578000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
97000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
28500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
61500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
46500000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
65000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1394000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
78000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
689000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
552000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
34795000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-17591000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3664000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7918000 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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3707000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8320000 USD
us-gaap Interest Paid Net
InterestPaidNet
980000 USD
us-gaap Interest Paid Net
InterestPaidNet
854000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
2594000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
6447000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
29327000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
28999000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2842000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4161000 USD
pntg Adjustment Operating Lease Right Of Use Asset And Operating Lease Liability
AdjustmentOperatingLeaseRightOfUseAssetAndOperatingLeaseLiability
159000 USD
pntg Adjustment Operating Lease Right Of Use Asset And Operating Lease Liability
AdjustmentOperatingLeaseRightOfUseAssetAndOperatingLeaseLiability
860000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
551000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
510000 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 September 30, 2021, the Company’s subsidiaries operated 88 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>
CY2021Q3 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
CY2021Q3 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Recouped
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsRecouped
14638000 USD
CY2021Q3 us-gaap Profit Loss
ProfitLoss
1121000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
4407000 USD
us-gaap Profit Loss
ProfitLoss
4503000 USD
us-gaap Profit Loss
ProfitLoss
11724000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-124000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-342000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
1245000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
4407000 USD
us-gaap Net Income Loss
NetIncomeLoss
4845000 USD
us-gaap Net Income Loss
NetIncomeLoss
11724000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28444000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28055000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28364000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27967000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2112000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2188000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2355000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1988000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30556000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30243000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30719000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29955000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
815000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
437000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
224000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
45000 shares
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
111921000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
98397000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
327929000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
282986000 USD
CY2021Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
54335000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
47864000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
933000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
643000 USD
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
53402000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
47221000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
111921000 USD
CY2021Q3 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
16732000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
98397000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2430000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.023
CY2020Q3 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
18357000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
327929000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
51574000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
282986000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
56716000 USD
CY2021Q3 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
16732000 USD
CY2020Q3 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
18357000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
51574000 USD
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
56716000 USD
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1200000 USD
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1212000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3545000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3434000 USD
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
10334000 USD
CY2020Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
9721000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
30455000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
29194000 USD
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2020Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
225000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-24000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
225000 USD
CY2021Q3 pntg Start Up Activities Costs
StartUpActivitiesCosts
532000 USD
CY2020Q3 pntg Start Up Activities Costs
StartUpActivitiesCosts
717000 USD
pntg Start Up Activities Costs
StartUpActivitiesCosts
991000 USD
pntg Start Up Activities Costs
StartUpActivitiesCosts
1422000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2568000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2102000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7483000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6017000 USD
CY2021Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
36000 USD
CY2020Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
73000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2021Q3 pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
236000 USD
CY2020Q3 pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
209000 USD
pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
1825000 USD
pntg Acquisition Related Costs Not Capitalized
AcquisitionRelatedCostsNotCapitalized
746000 USD
CY2021Q3 pntg Incremental Costs Direct Medical Supplies Labor And Other Expenses
IncrementalCostsDirectMedicalSuppliesLaborAndOtherExpenses
0 USD
CY2020Q3 pntg Incremental Costs Direct Medical Supplies Labor And Other Expenses
IncrementalCostsDirectMedicalSuppliesLaborAndOtherExpenses
-307000 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
853000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-124000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-342000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1702000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4478000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
6884000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
14825000 USD
CY2021Q3 pntg Amount To Offset Expense Sequestration Relief
AmountToOffsetExpenseSequestrationRelief
867000 USD
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
54210000 USD
pntg Amount To Offset Expense Sequestration Relief
AmountToOffsetExpenseSequestrationRelief
2685000 USD
CY2020Q3 pntg Direct Medical Supplies Labor And Other Expenses
DirectMedicalSuppliesLaborAndOtherExpenses
1121000 USD
pntg Direct Medical Supplies Labor And Other Expenses
DirectMedicalSuppliesLaborAndOtherExpenses
1675000 USD
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
37772000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33590000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19263000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15706000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18509000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17884000 USD
CY2021Q3 us-gaap Depreciation
Depreciation
1189000 USD
us-gaap Depreciation
Depreciation
3527000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
1209000 USD
us-gaap Depreciation
Depreciation
3424000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
66444000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
7341000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
73785000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
47488000 USD
CY2021Q3 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2786000 USD
CY2020Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2664000 USD
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1366000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1271000 USD
CY2021Q3 pntg Contract Liability Advance Payments Cares Act
ContractLiabilityAdvancePaymentsCARESAct
13359000 USD
CY2020Q4 pntg Contract Liability Advance Payments Cares Act
ContractLiabilityAdvancePaymentsCARESAct
22771000 USD
CY2021Q3 us-gaap Deposit Liability Current
DepositLiabilityCurrent
5361000 USD
CY2020Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
5647000 USD
CY2021Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1120000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
982000 USD
CY2021Q3 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
2191000 USD
CY2020Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
1354000 USD
CY2021Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
2957000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3586000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
29140000 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
CY2021Q3 pntg The Coronavirus Aid Relief And Economic Security Act Advance Payments Recouped
TheCoronavirusAidReliefAndEconomicSecurityActAdvancePaymentsRecouped
14638000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2258000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1223000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
42742000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
8277000 USD
CY2021Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
129000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
358000 USD
CY2020Q3 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
86000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
248000 USD
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
150000000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2568000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2102000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7483000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6017000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2020Q3 us-gaap Sublease Income
SubleaseIncome
69000 USD
us-gaap Sublease Income
SubleaseIncome
0 USD
us-gaap Sublease Income
SubleaseIncome
143000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1609000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
1299000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
4598000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
3975000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
9778000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38645000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
37686000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
36645000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
35681000 USD
CY2021Q3 pntg Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
356306000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
514741000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
212103000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
302638000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15399000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
287239000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y3M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
69000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1013000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.058
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.172
CY2021Q3 pntg Number Of Operating Subsidiaries With Reviews Scheduled
NumberOfOperatingSubsidiariesWithReviewsScheduled
8 review
CY2021Q3 pntg Uniform Program Integrity Contractor Number Of Patient Records Under Review
UniformProgramIntegrityContractorNumberOfPatientRecordsUnderReview
42 record
pntg Uniform Program Integrity Contractor Period Of Review
UniformProgramIntegrityContractorPeriodOfReview
P4M
CY2021Q3 pntg Uniform Program Integrity Contractor Suspended Payments
UniformProgramIntegrityContractorSuspendedPayments
2700000 USD
CY2021Q3 pntg General And Professional Liability Insurance Retention Limit Per Claim
GeneralAndProfessionalLiabilityInsuranceRetentionLimitPerClaim
150000 USD
CY2021Q3 pntg Corridor As An Additional Out Of Pocket Retention
CorridorAsAnAdditionalOutOfPocketRetention
500000 USD
CY2021Q3 pntg Workers Compensation Insurance Retention Limit Per Claim
WorkersCompensationInsuranceRetentionLimitPerClaim
250000 USD

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