$RHE
Regional Health Properties Inc

2018 Q2 Form 10-Q Financial Statement

#000156459018021710 Filed on August 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $5.314M $6.304M
YoY Change -15.7% -12.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.260M $2.990M
YoY Change 75.92% -30.47%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.160M $1.171M
YoY Change -0.94% -12.55%
% of Gross Profit
Operating Expenses $6.641M $4.486M
YoY Change 48.04% -32.14%
Operating Profit -$1.327M $1.818M
YoY Change -172.99% 228.75%
Interest Expense $1.537M $1.006M
YoY Change 52.78% -42.55%
% of Operating Profit 55.34%
Other Income/Expense, Net -$1.538M -$1.194M
YoY Change 28.81% -32.16%
Pretax Income -$2.865M $624.0K
YoY Change -559.13% -151.7%
Income Tax $7.000K $0.00
% Of Pretax Income 0.0%
Net Earnings -$3.216M $20.00K
YoY Change -16180.0% -100.4%
Net Earnings / Revenue -60.52% 0.32%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.928M $12.12K
COMMON SHARES
Basic Shares Outstanding 1.678M 19.77M
Diluted Shares Outstanding 1.678M 19.77M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.700M $2.000M
YoY Change 35.0% -37.5%
Cash & Equivalents $2.700M $2.001M
Short-Term Investments
Other Short-Term Assets $1.400M $3.000M
YoY Change -53.33% -94.3%
Inventory
Prepaid Expenses
Receivables $700.0K $1.496M
Other Receivables $800.0K $0.00
Total Short-Term Assets $5.600M $6.412M
YoY Change -12.66% -89.29%
LONG-TERM ASSETS
Property, Plant & Equipment $79.50M $83.23M
YoY Change -4.48% 4.53%
Goodwill $2.105M
YoY Change 0.0%
Intangibles $22.53M $23.88M
YoY Change -5.65% -5.36%
Long-Term Investments
YoY Change
Other Assets $3.500M $9.398M
YoY Change -62.76% 180.37%
Total Long-Term Assets $97.00M $102.8M
YoY Change -5.68% 7.6%
TOTAL ASSETS
Total Short-Term Assets $5.600M $6.412M
Total Long-Term Assets $97.00M $102.8M
Total Assets $102.6M $109.3M
YoY Change -6.09% -29.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.100M $3.555M
YoY Change 15.33% -18.09%
Accrued Expenses $5.100M $7.900M
YoY Change -35.44% 82.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $4.100M
YoY Change -100.0% -93.07%
Long-Term Debt Due $21.40M $4.100M
YoY Change 421.93% -84.81%
Total Short-Term Liabilities $30.60M $15.62M
YoY Change 95.87% -77.3%
LONG-TERM LIABILITIES
Long-Term Debt $55.98M $70.00M
YoY Change -20.03% 23.24%
Other Long-Term Liabilities $3.800M $3.627M
YoY Change 4.77% -11.06%
Total Long-Term Liabilities $55.98M $3.627M
YoY Change 1443.31% -11.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.60M $15.62M
Total Long-Term Liabilities $55.98M $3.627M
Total Liabilities $90.40M $89.52M
YoY Change 0.98% -31.2%
SHAREHOLDERS EQUITY
Retained Earnings -$104.3M
YoY Change 9.45%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.20M -$42.70M
YoY Change
Total Liabilities & Shareholders Equity $102.6M $109.3M
YoY Change -6.09% -29.71%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income -$3.216M $20.00K
YoY Change -16180.0% -100.4%
Depreciation, Depletion And Amortization $1.160M $1.171M
YoY Change -0.94% -12.55%
Cash From Operating Activities $140.0K $1.970M
YoY Change -92.89% 21.6%
INVESTING ACTIVITIES
Capital Expenditures -$110.0K -$200.0K
YoY Change -45.0% 900.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.380M
YoY Change -100.0% -146.15%
Cash From Investing Activities -$110.0K -$1.580M
YoY Change -93.04% -153.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -710.0K -2.720M
YoY Change -73.9% -24.23%
NET CHANGE
Cash From Operating Activities 140.0K 1.970M
Cash From Investing Activities -110.0K -1.580M
Cash From Financing Activities -710.0K -2.720M
Net Change In Cash -680.0K -2.330M
YoY Change -70.82% -335.35%
FREE CASH FLOW
Cash From Operating Activities $140.0K $1.970M
Capital Expenditures -$110.0K -$200.0K
Free Cash Flow $250.0K $2.170M
YoY Change -88.48% 32.32%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1160000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-1327000
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12202000
CY2017Q4 us-gaap Cash
Cash
1818000
CY2017Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
960000
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
945000
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
304000
CY2017Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
677000
CY2017Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2581000
CY2017Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
1469000
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4386000
CY2017Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
7022000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
19498000
CY2017Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
57801000
CY2017Q4 rhe Long Term Bond Non Current
LongTermBondNonCurrent
6567000
CY2017Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
644000
CY2018Q2 us-gaap Revenues
Revenues
5314000
CY2018Q2 us-gaap Management Fee Expense
ManagementFeeExpense
154000
CY2018Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2044000
CY2018Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
225000
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
6641000
CY2018Q2 us-gaap Interest Expense
InterestExpense
1537000
CY2018Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1538000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2865000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7000
CY2018Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-2872000
CY2018Q2 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-344000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-3216000
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0
CY2018Q2 rhe Preferred Stock Dividends Undeclared
PreferredStockDividendsUndeclared
1912000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5128000
CY2017Q4 us-gaap Goodwill Gross
GoodwillGross
2945000
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
840000
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.23
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.02
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20062000
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17870000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
76000
us-gaap Profit Loss
ProfitLoss
-5744000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-399000
us-gaap Share Based Compensation
ShareBasedCompensation
76000
us-gaap Share Based Compensation
ShareBasedCompensation
154000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
217000
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
310000
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-1245000
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-1502000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
449000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
173000
rhe Noncash Gains Losses On Extinguishment Of Debt
NoncashGainsLossesOnExtinguishmentOfDebt
-441000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
395000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-176000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-114000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-27000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-35000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
101000
rhe Increase Decrease In Accounts Payable And Accrued Expenses And Other
IncreaseDecreaseInAccountsPayableAndAccruedExpensesAndOther
526000
rhe Increase Decrease In Accounts Payable And Accrued Expenses And Other
IncreaseDecreaseInAccountsPayableAndAccruedExpensesAndOther
384000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
138000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1236000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2605000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-1096000
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-933000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
140000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1672000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1375000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
266000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
534000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-266000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1909000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-266000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1909000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2397000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1022000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2512000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
95000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
90000
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
7700000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
50000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
989000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
187000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3790000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1230000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-13290000
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-139000
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-312000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1091000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-13602000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
965000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13839000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5359000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19509000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6324000
CY2017Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5670000
us-gaap Interest Paid Net
InterestPaidNet
1996000
us-gaap Interest Paid Net
InterestPaidNet
1889000
us-gaap Income Taxes Paid
IncomeTaxesPaid
33000
rhe Noncash Payments Of Long Term Debt
NoncashPaymentsOfLongTermDebt
8744000
rhe Noncash Payments Of Convertible Debt
NoncashPaymentsOfConvertibleDebt
1500000
rhe Non Cash Payments Of Professional Liability Settlements From Financing
NonCashPaymentsOfProfessionalLiabilitySettlementsFromFinancing
2371000
rhe Noncash Debt Issuance Costs And Prepayment Penalties
NoncashDebtIssuanceCostsAndPrepaymentPenalties
1238000
rhe Non Cash Payments Of Professional Liability Settlements From Prior Insurer
NonCashPaymentsOfProfessionalLiabilitySettlementsFromPriorInsurer
2850000
rhe Net Payments Through Escrow
NetPaymentsThroughEscrow
16703000
rhe Noncash Proceeds From Financing
NoncashProceedsFromFinancing
13853000
rhe Noncash Proceeds From Prior Insurer For Professional Liability Settlements
NoncashProceedsFromPriorInsurerForProfessionalLiabilitySettlements
2850000
rhe Net Proceeds Through Escrow
NetProceedsThroughEscrow
16703000
rhe Noncash Deferred Financing
NoncashDeferredFinancing
1185000
rhe Noncash Or Part Noncash Surrender Of Security Deposit
NoncashOrPartNoncashSurrenderOfSecurityDeposit
305000
rhe Noncash Or Part Noncash Surrender Of Security Deposit
NoncashOrPartNoncashSurrenderOfSecurityDeposit
500000
rhe Noncash Or Part Noncash Proceeds From Vendor Financed Insurance
NoncashOrPartNoncashProceedsFromVendorFinancedInsurance
198000
rhe Noncash Or Part Noncash Proceeds From Vendor Financed Insurance
NoncashOrPartNoncashProceedsFromVendorFinancedInsurance
198000
rhe Noncash Or Part Noncash Proceeds From Financing
NoncashOrPartNoncashProceedsFromFinancing
385000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.</p></div>
CY2018Q2 rhe Number Of Facilities
NumberOfFacilities
30
rhe Number Of Sublease Agreements Executed Owned By Company
NumberOfSubleaseAgreementsExecutedOwnedByCompany
14
CY2018Q2 rhe Number Of Sublease Agreements Executed Leased By Company
NumberOfSubleaseAgreementsExecutedLeasedByCompany
11
rhe Number Of Assisted Living Facilities
NumberOfAssistedLivingFacilities
2
rhe Number Of Skilled Nursing Facilities
NumberOfSkilledNursingFacilities
2
CY2018Q2 rhe Number Of Independent Living Facilities
NumberOfIndependentLivingFacilities
1
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2400000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1200000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2385000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20062000
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19766000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19788000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19795000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20062000
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19766000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19788000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19795000
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2700000
CY2018Q2 us-gaap Debt Current
DebtCurrent
21400000
CY2018Q2 us-gaap Long Term Debt
LongTermDebt
77375000
CY2018Q1 rhe Number Of Professional And General Liability Actions
NumberOfProfessionalAndGeneralLiabilityActions
25
CY2018Q2 rhe Number Of Facilities In Arrears On Rent Payments
NumberOfFacilitiesInArrearsOnRentPayments
7
rhe Combined Cash Rent Payments Of Facilities For Which Default Notices For Unpaid Rent Have Been Issued Per Month
CombinedCashRentPaymentsOfFacilitiesForWhichDefaultNoticesForUnpaidRentHaveBeenIssuedPerMonth
400000
rhe Percentage Of Monthly Combined Cash Rental Payments For Seven Facilities To Anticipated Monthly Rental Receipts
PercentageOfMonthlyCombinedCashRentalPaymentsForSevenFacilitiesToAnticipatedMonthlyRentalReceipts
0.21
CY2018Q2 us-gaap Pledged Assets Not Separately Reported Other Financial Instruments
PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
18000
CY2017Q4 us-gaap Pledged Assets Not Separately Reported Other Financial Instruments
PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
63000
CY2018Q2 rhe Replacement Reserves Current
ReplacementReservesCurrent
293000
CY2017Q4 rhe Replacement Reserves Current
ReplacementReservesCurrent
260000
CY2018Q2 rhe Escrow Deposit Current
EscrowDepositCurrent
683000
CY2017Q4 rhe Escrow Deposit Current
EscrowDepositCurrent
637000
CY2018Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
994000
CY2017Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
960000
CY2018Q2 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
365000
CY2017Q4 us-gaap Restricted Investments Noncurrent
RestrictedInvestmentsNoncurrent
405000
CY2018Q2 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
2228000
CY2017Q4 us-gaap Replacement Reserve Escrow
ReplacementReserveEscrow
2176000
CY2018Q2 us-gaap Restricted Cash
RestrictedCash
3587000
CY2017Q4 us-gaap Restricted Cash
RestrictedCash
3541000
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
104539000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
104855000
CY2018Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
25006000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23642000
CY2018Q2 us-gaap Depreciation
Depreciation
798000
CY2017Q2 us-gaap Depreciation
Depreciation
832000
us-gaap Depreciation
Depreciation
1606000
us-gaap Depreciation
Depreciation
1629000
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
362000
CY2017Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
339000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
775000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
677000
CY2017Q4 rhe Finite And Indefinite Lived Intangible Assets Gross
FiniteAndIndefiniteLivedIntangibleAssetsGross
32463000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9160000
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
23303000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
775000
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9935000
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
22528000
CY2018Q2 us-gaap Goodwill Gross
GoodwillGross
2945000
CY2018Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
840000
rhe Operating Leases Number Of Skilled Nursing Facilities Leased
OperatingLeasesNumberOfSkilledNursingFacilitiesLeased
11
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
4218000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
8528000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
8677000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
8830000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
9026000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
37430000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
76709000
rhe Number Of Sublease Agreements Executed
NumberOfSubleaseAgreementsExecuted
27
rhe Allowance On Note Receivable
AllowanceOnNoteReceivable
2000000
CY2018Q2 us-gaap Notes Receivable Net
NotesReceivableNet
1000000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
10014000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
18887000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
19325000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
19808000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
20305000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
96697000
CY2018Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
185036000
CY2018Q2 rhe Accrued Payroll Related Expenses Current
AccruedPayrollRelatedExpensesCurrent
277000
CY2017Q4 rhe Accrued Payroll Related Expenses Current
AccruedPayrollRelatedExpensesCurrent
290000
CY2018Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
772000
CY2017Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
423000
CY2018Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
2099000
CY2017Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
5077000
CY2018Q2 us-gaap Interest Payable Current
InterestPayableCurrent
382000
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
260000
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1530000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
972000
CY2018Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
81147000
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
75306000
CY2018Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
3602000
CY2017Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
2027000
CY2018Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
170000
CY2017Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
177000
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
73102000
CY2018Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
21399000
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8090000
CY2018Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
55976000
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
65012000
CY2018Q2 rhe Debt Instrument Finance Fee Percentage On Loans Including Charge Added Per Forbearance Agreement
DebtInstrumentFinanceFeePercentageOnLoansIncludingChargeAddedPerForbearanceAgreement
0.055
CY2018Q1 us-gaap Short Term Debt Refinanced Amount
ShortTermDebtRefinancedAmount
8744000
CY2018Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
12750000
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2020-08-15
CY2018Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.10
CY2018Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.125
CY2018Q1 rhe Debt Instrument Finance Fee Percentage
DebtInstrumentFinanceFeePercentage
0.03
CY2018Q1 us-gaap Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
is August 15, 2020 and it originally bore interest at a fixed rate equal to 10% per annum for the first three months after the Closing Date and at a fixed rate equal to 12.5% per annum thereafter, subject to adjustment upon an event of default and specified regulatory events. The Pinecone Credit Facility is secured by, among other things, first priority liens on the Facilities and all tangible and intangible assets of the borrowers owning the Facilities, including all rent payments received from the operators thereof (the “Collateral”).
CY2018Q2 rhe Debt Instrument Number Of Credit Related Instruments
DebtInstrumentNumberOfCreditRelatedInstruments
23
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
6177000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo
2152000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree
18843000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
5187000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
1716000
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
47072000
CY2018Q2 rhe Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
45000
CY2017Q2 rhe Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
-80000
rhe Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
76000
rhe Allocated Share Based Compensation Expense Benefit
AllocatedShareBasedCompensationExpenseBenefit
154000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
233296
CY2018Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0
CY2017Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0
CY2018Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
181000
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y10M24D
CY2018Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
3.98
CY2018Q2 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
181000
CY2018Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
3.98
CY2018Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1019000
rhe Class Of Warrant Or Right Exercise Price Range Outstanding Warrants Weighted Average Remaining Contractual Term
ClassOfWarrantOrRightExercisePriceRangeOutstandingWarrantsWeightedAverageRemainingContractualTerm
P4Y2M12D
rhe Class Of Warrant And Rights Exercise Price Range Number Of Exercisable Warrants
ClassOfWarrantAndRightsExercisePriceRangeNumberOfExercisableWarrants
1019000
CY2018Q1 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
5200000
us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
2400000

Files In Submission

Name View Source Status
0001564590-18-021710-index-headers.html Edgar Link pending
0001564590-18-021710-index.html Edgar Link pending
0001564590-18-021710.txt Edgar Link pending
0001564590-18-021710-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
rhe-10q_20180630.htm Edgar Link pending
rhe-20180630.xml Edgar Link completed
rhe-20180630.xsd Edgar Link pending
rhe-20180630_cal.xml Edgar Link unprocessable
rhe-20180630_def.xml Edgar Link unprocessable
rhe-20180630_lab.xml Edgar Link unprocessable
rhe-20180630_pre.xml Edgar Link unprocessable
rhe-ex311_9.htm Edgar Link pending
rhe-ex312_10.htm Edgar Link pending
rhe-ex321_6.htm Edgar Link pending
rhe-ex322_7.htm Edgar Link pending
Show.js Edgar Link pending