$PNTG
Pennant Group, Inc.

2024 Q3 Form 10-Q Financial Statement

#000176640024000096 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $180.7M $168.7M
YoY Change 28.89% 27.57%
Cost Of Revenue $143.1M $134.2M
YoY Change 28.44% 26.83%
Gross Profit $37.61M $34.55M
YoY Change 30.59% 30.52%
Gross Profit Margin 20.82% 20.47%
Selling, General & Admin $13.02M $11.88M
YoY Change 38.29% 35.12%
% of Gross Profit 34.63% 34.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.493M $1.468M
YoY Change 13.02% 21.22%
% of Gross Profit 3.97% 4.25%
Operating Expenses $13.02M $11.88M
YoY Change 38.29% 35.12%
Operating Profit $10.79M $9.562M
YoY Change 52.87% 52.72%
Interest Expense -$2.783M -$1.624M
YoY Change -286.03% -211.77%
% of Operating Profit -25.78% -16.98%
Other Income/Expense, Net $109.0K -$2.000K
YoY Change -394.59% -105.71%
Pretax Income $8.011M $7.938M
YoY Change 44.92% 63.91%
Income Tax $1.354M $1.844M
% Of Pretax Income 16.9% 23.23%
Net Earnings $6.205M $5.690M
YoY Change 41.57% 103.43%
Net Earnings / Revenue 3.43% 3.37%
Basic Earnings Per Share $0.20 $0.19
Diluted Earnings Per Share $0.20 $0.18
COMMON SHARES
Basic Shares Outstanding 30.21M shares 30.05M shares
Diluted Shares Outstanding 31.36M shares 30.78M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.464M $3.043M
YoY Change 31.29% 7.22%
Cash & Equivalents $4.464M $3.043M
Short-Term Investments
Other Short-Term Assets $13.31M $14.98M
YoY Change 40.07% 29.72%
Inventory
Prepaid Expenses
Receivables $84.03M $76.09M
Other Receivables $0.00 $0.00
Total Short-Term Assets $101.8M $94.11M
YoY Change 41.0% 31.37%
LONG-TERM ASSETS
Property, Plant & Equipment $41.87M $40.91M
YoY Change 49.61% 50.1%
Goodwill $129.3M $110.5M
YoY Change 50.16% 32.14%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.42M $12.07M
YoY Change 53.31% 8.19%
Total Long-Term Assets $545.0M $508.4M
YoY Change 21.61% 14.55%
TOTAL ASSETS
Total Short-Term Assets $101.8M $94.11M
Total Long-Term Assets $545.0M $508.4M
Total Assets $646.8M $602.5M
YoY Change 24.3% 16.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.89M $15.39M
YoY Change 30.42% 27.87%
Accrued Expenses $65.74M $57.51M
YoY Change 37.83% 22.54%
Deferred Revenue $1.799M $1.706M
YoY Change 0.73% -6.21%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $90.60M $83.69M
YoY Change 31.76% 22.21%
LONG-TERM LIABILITIES
Long-Term Debt $108.9M $82.17M
YoY Change 102.37% 38.92%
Other Long-Term Liabilities $10.28M $10.66M
YoY Change 18.41% 37.06%
Total Long-Term Liabilities $10.28M $10.66M
YoY Change 18.41% 37.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $90.60M $83.69M
Total Long-Term Liabilities $10.28M $10.66M
Total Liabilities $459.5M $429.5M
YoY Change 20.66% 12.51%
SHAREHOLDERS EQUITY
Retained Earnings $51.46M $45.26M
YoY Change 69.77% 74.54%
Common Stock $31.00K $30.00K
YoY Change 6.9% 3.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $169.4M $155.5M
YoY Change
Total Liabilities & Shareholders Equity $646.8M $602.5M
YoY Change 24.3% 16.89%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $6.205M $5.690M
YoY Change 41.57% 103.43%
Depreciation, Depletion And Amortization $1.493M $1.468M
YoY Change 13.02% 21.22%
Cash From Operating Activities $7.693M $10.49M
YoY Change -37.86% 60.49%
INVESTING ACTIVITIES
Capital Expenditures $908.0K $2.618M
YoY Change -48.99% 57.81%
Acquisitions
YoY Change
Other Investing Activities -$32.10M -$7.026M
YoY Change 600.85% -2.97%
Cash From Investing Activities -$33.01M -$9.644M
YoY Change 419.8% 8.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 26.74M -526.0K
YoY Change -587.86% -123.39%
NET CHANGE
Cash From Operating Activities 7.693M 10.49M
Cash From Investing Activities -33.01M -9.644M
Cash From Financing Activities 26.74M -526.0K
Net Change In Cash 1.421M 321.0K
YoY Change 158.36% -381.58%
FREE CASH FLOW
Cash From Operating Activities $7.693M $10.49M
Capital Expenditures $908.0K $2.618M
Free Cash Flow $6.785M $7.873M
YoY Change -35.99% 61.4%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30781000 shares
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
5690000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30094000 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
639000 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
384000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
489000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2023Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
19476000 usd
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
36615000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2494000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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pntg Share Based Compensation Expense And Related Taxes
ShareBasedCompensationExpenseAndRelatedTaxes
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us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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pntg Costs Associated With Transitioning Operations
CostsAssociatedWithTransitioningOperations
585000 usd
pntg Unusual Non Recurring Or Redundant Charges
UnusualNonRecurringOrRedundantCharges
624000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
272000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
10541000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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125657000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1850000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
147000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1367000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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129224000 usd
CY2023Q2 us-gaap Net Income Loss
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2797000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
125000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1303000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
4919000 usd
us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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2494000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
261000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
261000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
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755000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2905000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5607000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
182000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4804000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
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us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
4396000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-99000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
31000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
1353000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
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us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
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pntg Paymentsfor Asset Acquisitions
PaymentsforAssetAcquisitions
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pntg Paymentsfor Asset Acquisitions
PaymentsforAssetAcquisitions
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pntg Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
1755000 usd
pntg Payments For Deposits On Acquisition
PaymentsForDepositsOnAcquisition
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pntg Payments For Proceeds From Property Reserve Requirements
PaymentsForProceedsFromPropertyReserveRequirements
-1297000 usd
pntg Payments For Proceeds From Property Reserve Requirements
PaymentsForProceedsFromPropertyReserveRequirements
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
116000000 usd
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
98000000 usd
pntg Finance Lease Obligations Financing Activities
FinanceLeaseObligationsFinancingActivities
-81000 usd
pntg Finance Lease Obligations Financing Activities
FinanceLeaseObligationsFinancingActivities
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1309000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
452000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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19228000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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759000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
2857000 usd
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
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us-gaap Proceeds From Income Tax Refunds
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us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
66000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
402000 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, 2024, the Company’s subsidiaries operated 117 home health, hospice and home care agencies and 54 senior living communities located in Arizona, California, Colorado, Idaho, 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%">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. The Service Center also provides certain of these services to unaffiliated third parties under management agreements. </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%">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 are not meant to imply, nor should they 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>
CY2024Q2 pntg Deferred State Relief Funds Current
DeferredStateReliefFundsCurrent
1162000 usd
CY2023Q4 pntg Deferred State Relief Funds Current
DeferredStateReliefFundsCurrent
780000 usd
CY2024Q2 pntg State Relief Funds Reduction
StateReliefFundsReduction
1124000 usd
pntg State Relief Funds Reduction
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1577000 usd
CY2023Q2 pntg State Relief Funds Reduction
StateReliefFundsReduction
1397000 usd
pntg State Relief Funds Reduction
StateReliefFundsReduction
2082000 usd
CY2023Q2 us-gaap Net Income Loss
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2797000 usd
us-gaap Net Income Loss
NetIncomeLoss
10596000 usd
us-gaap Net Income Loss
NetIncomeLoss
4647000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30142000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29809000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29780000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
391000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30193000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30583000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30171000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2158000 shares
us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
Residency agreements are generally for a term of 30 days, with resident fees billed monthly in advance. For residents under reimbursement arrangements with Medicaid, revenue is recorded based on contractually agreed-upon amounts or rates on a per resident, daily basis or as services are rendered.
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168745000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
132281000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
325660000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
258745000 usd
CY2024Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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259000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
168745000 usd
CY2024Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
23472000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
132281000 usd
CY2023Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
19476000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
325660000 usd
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
44872000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
258745000 usd
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
36615000 usd
CY2024Q2 pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
23472000 usd
pntg Income Loss From Continuing Operations Before Interest Taxes Depreciation And Amortization Rent Costs Acquisition Costs And Stock Based Compensation
IncomeLossFromContinuingOperationsBeforeInterestTaxesDepreciationAndAmortizationRentCostsAcquisitionCostsAndStockBasedCompensation
44872000 usd
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1468000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1214000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2799000 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
10524000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
9836000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
20908000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
19433000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
35000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
83000 usd
CY2024Q2 pntg Start Up Activities Costs
StartUpActivitiesCosts
-55000 usd
CY2023Q2 pntg Start Up Activities Costs
StartUpActivitiesCosts
65000 usd
pntg Start Up Activities Costs
StartUpActivitiesCosts
-137000 usd
pntg Start Up Activities Costs
StartUpActivitiesCosts
268000 usd
CY2024Q2 pntg Share Based Compensation Expense And Related Taxes
ShareBasedCompensationExpenseAndRelatedTaxes
1949000 usd
CY2023Q2 pntg Share Based Compensation Expense And Related Taxes
ShareBasedCompensationExpenseAndRelatedTaxes
1354000 usd
pntg Share Based Compensation Expense And Related Taxes
ShareBasedCompensationExpenseAndRelatedTaxes
3475000 usd
CY2024Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
365000 usd
CY2023Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
72000 usd
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
502000 usd
CY2024Q2 pntg Costs Associated With Transitioning Operations
CostsAssociatedWithTransitioningOperations
33000 usd
CY2023Q2 pntg Costs Associated With Transitioning Operations
CostsAssociatedWithTransitioningOperations
538000 usd
pntg Costs Associated With Transitioning Operations
CostsAssociatedWithTransitioningOperations
-595000 usd
CY2024Q2 pntg Unusual Non Recurring Or Redundant Charges
UnusualNonRecurringOrRedundantCharges
32000 usd
CY2023Q2 pntg Unusual Non Recurring Or Redundant Charges
UnusualNonRecurringOrRedundantCharges
226000 usd
pntg Unusual Non Recurring Or Redundant Charges
UnusualNonRecurringOrRedundantCharges
307000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
404000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
125000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
556000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9562000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6261000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
18086000 usd
CY2024Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
11680000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
68666000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
53675000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
27761000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
25077000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
40905000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28598000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
1468000 usd
us-gaap Depreciation
Depreciation
2799000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
1211000 usd
us-gaap Depreciation
Depreciation
2486000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
91014000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
19473000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
110487000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
77542000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
67742000 usd
CY2023Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2024Q2 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2024Q2 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
1459000 usd
CY2023Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
1566000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1706000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1658000 usd
CY2024Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
1854000 usd
CY2023Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
2367000 usd
CY2024Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
789000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1255000 usd
CY2024Q2 pntg Deferred State Relief Funds Current
DeferredStateReliefFundsCurrent
1162000 usd
CY2023Q4 pntg Deferred State Relief Funds Current
DeferredStateReliefFundsCurrent
780000 usd
CY2024Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
6488000 usd
CY2023Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
4392000 usd
CY2024Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
5765000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
3312000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
19223000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
15330000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
826000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1086000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
82174000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
63914000 usd
CY2024Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
130000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
261000 usd
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
130000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
261000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1851000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1303000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3291000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2670000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2239000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1761000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
4269000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
3491000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
19680000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38276000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
36728000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
35616000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
34832000 usd
CY2024Q2 pntg Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
260683000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
425815000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
155729000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
270086000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
18473000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
251613000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M6D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.081
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1844000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1921000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.232
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.397
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3603000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2828000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.365
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.90
CY2024Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
281000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
572000 usd
CY2023Q2 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
205000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
418000 usd
pntg Deferred Compensation Arrangement With Individual Maximum Deferral Percentage Of Compensation
DeferredCompensationArrangementWithIndividualMaximumDeferralPercentageOfCompensation
0.80
CY2024Q2 pntg Deferred Compensation Arrangement With Individual Minimum Payment Deferral Period
DeferredCompensationArrangementWithIndividualMinimumPaymentDeferralPeriod
P1Y
pntg Deferred Compensation Arrangement With Individual Number Of Annual Installments
DeferredCompensationArrangementWithIndividualNumberOfAnnualInstallments
10 installment
CY2024Q2 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
2020000 usd
CY2023Q2 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
968000 usd
CY2024Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
2019000 usd
CY2023Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
950000 usd
CY2024Q2 pntg Number Of Operating Subsidiaries With Reviews Scheduled
NumberOfOperatingSubsidiariesWithReviewsScheduled
13 review
CY2024Q2 pntg Uniform Program Integrity Contractor Suspended Payments
UniformProgramIntegrityContractorSuspendedPayments
5105000 usd
pntg Uniform Program Integrity Contractor Sampled And Extrapolated Overpayments
UniformProgramIntegrityContractorSampledAndExtrapolatedOverpayments
246000 usd
CY2022Q2 pntg Uniform Program Integrity Contractor Number Of Patient Records Under Review
UniformProgramIntegrityContractorNumberOfPatientRecordsUnderReview
107 agency
CY2022Q2 pntg Uniform Program Integrity Contractor Period Of Review
UniformProgramIntegrityContractorPeriodOfReview
P10M
CY2024Q2 pntg Uniform Program Integrity Contractor Suspended Payments
UniformProgramIntegrityContractorSuspendedPayments
5105000 usd
pntg Uniform Program Integrity Contractor Previously Withheld Amounts
UniformProgramIntegrityContractorPreviouslyWithheldAmounts
4859000 usd
CY2024Q2 pntg General And Professional Liability Insurance Retention Limit Per Claim
GeneralAndProfessionalLiabilityInsuranceRetentionLimitPerClaim
150000 usd
CY2024Q2 pntg Corridor As An Additional Out Of Pocket Retention
CorridorAsAnAdditionalOutOfPocketRetention
500000 usd
CY2024Q2 pntg Workers Compensation Insurance Retention Limit Per Claim
WorkersCompensationInsuranceRetentionLimitPerClaim
250000 usd
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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0001766400-24-000096.txt Edgar Link pending
0001766400-24-000096-xbrl.zip Edgar Link pending
ceocert-exhibit311q22024.htm Edgar Link pending
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pntg-20240630.htm Edgar Link pending
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pntg-20240630_def.xml Edgar Link unprocessable
pntg-20240630_lab.xml Edgar Link unprocessable
pntg-20240630_pre.xml Edgar Link unprocessable
pntg-20240630_htm.xml Edgar Link completed
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pntg-20240630_cal.xml Edgar Link unprocessable