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10-Q Filing

ASSISTED LIVING CONCEPTS INC CIK: 929994 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001140361-12-025428
Period End Date 20120331
Filing Date 20120515
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance alc-20120331.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.65M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.91M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.36M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.68M USD Point-in-time
Cash and escrow deposits - restricted RestrictedCashAndCashEquivalentsAtCarryingValue $2.88M USD Point-in-time
Cash and escrow deposits - restricted RestrictedCashAndCashEquivalentsAtCarryingValue $3.15M USD Point-in-time
Investments ShortTermInvestments $1.84M USD Point-in-time
Investments ShortTermInvestments $2.02M USD Point-in-time
Accounts receivable, less allowances of $3,525 and $2,903 respectively AccountsReceivableNetCurrent $4.32M USD Point-in-time
Accounts receivable, less allowances of $3,525 and $2,903 respectively AccountsReceivableNetCurrent $4.61M USD Point-in-time
Prepaid expenses, supplies and other receivables PrepaidExpenseAndOtherAssetsCurrent $3.39M USD Point-in-time
Prepaid expenses, supplies and other receivables PrepaidExpenseAndOtherAssetsCurrent $4.75M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $606.00K USD Point-in-time
Income tax receivable IncomeTaxesReceivable - USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $4.03M USD Point-in-time
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $3.52M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $4.03M USD Point-in-time
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $2.90M USD Point-in-time
Total current assets AssetsCurrent $20.68M USD Point-in-time
Total current assets AssetsCurrent $20.27M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $430.73M USD Point-in-time
Preferred Stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred Stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $429.95M USD Point-in-time
Preferred Stock, shares authorized ( in shares) PreferredStockSharesAuthorized 25.00M shares Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $9.03M USD Point-in-time
Preferred Stock, shares authorized ( in shares) PreferredStockSharesAuthorized 25.00M shares Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $8.84M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $2.00M USD Point-in-time
Preferred Stock, shares issued ( in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $1.99M USD Point-in-time
Preferred Stock, shares issued ( in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Other assets OtherAssetsNoncurrent $2.02M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.93M USD Point-in-time
Preferred Stock, shares outstanding ( in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred Stock, shares outstanding ( in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total Assets Assets $463.39M USD Point-in-time
Total Assets Assets $464.05M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 4.93M shares Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 4.93M shares Point-in-time
Accounts payable AccountsPayableCurrent $6.49M USD Point-in-time
Accounts payable AccountsPayableCurrent $7.09M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $16.50M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $17.88M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $7.69M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $8.00M USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent - USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $2.50M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $2.54M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $2.59M USD Point-in-time
Current portion of self-insured liabilities CurrentPortionOfSelfInsuredLiabilities $500.00K USD Point-in-time
Current portion of self-insured liabilities CurrentPortionOfSelfInsuredLiabilities $500.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $36.27M USD Point-in-time
Total current liabilities LiabilitiesCurrent $36.01M USD Point-in-time
Accrual for self-insured liabilities SelfInsuranceReserve $1.70M USD Point-in-time
Accrual for self-insured liabilities SelfInsuranceReserve $1.56M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $85.70M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $80.93M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $23.96M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $24.04M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $9.11M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $8.97M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Total liabilities Liabilities $156.33M USD Point-in-time
Total liabilities Liabilities $151.91M USD Point-in-time
Preferred Stock, par value $0.01 per share, 25,000,000 shares authorized; no shares issued and outstanding PreferredStockValue - USD Point-in-time
Preferred Stock, par value $0.01 per share, 25,000,000 shares authorized; no shares issued and outstanding PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $317.05M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $316.69M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $212.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $156.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $67.44M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $70.79M USD Point-in-time
Treasury stock at cost, 4,931,872 and 4,931,872 shares, respectively TreasuryStockValue $76.84M USD Point-in-time
Treasury stock at cost, 4,931,872 and 4,931,872 shares, respectively TreasuryStockValue $76.84M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $311.48M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $307.72M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $463.39M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $464.05M USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenues OperatingLeasesIncomeStatementMinimumLeaseRevenue $58.41M USD 1 Quarter
Revenues OperatingLeasesIncomeStatementMinimumLeaseRevenue $58.98M USD 1 Quarter
Residence operations (exclusive of depreciation and amortization and residence lease expense shown below) DirectCostsOfLeasedAndRentedPropertyOrEquipment $35.07M USD 1 Quarter
Residence operations (exclusive of depreciation and amortization and residence lease expense shown below) DirectCostsOfLeasedAndRentedPropertyOrEquipment $34.27M USD 1 Quarter
General and administrative (including non-cash stock-based compensation expense of $352 and $280, respectively) GeneralAndAdministrativeExpense $3.85M USD 1 Quarter
General and administrative (including non-cash stock-based compensation expense of $352 and $280, respectively) GeneralAndAdministrativeExpense $3.89M USD 1 Quarter
Residence lease expense LeaseAndRentalExpense $4.54M USD 1 Quarter
Residence lease expense LeaseAndRentalExpense $4.37M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.74M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.77M USD 1 Quarter
Total operating expenses CostsAndExpenses $49.07M USD 1 Quarter
Total operating expenses CostsAndExpenses $48.43M USD 1 Quarter
Income from operations OperatingIncomeLoss $10.55M USD 1 Quarter
Income from operations OperatingIncomeLoss $9.34M USD 1 Quarter
Debt InterestExpenseDebt $1.59M USD 1 Quarter
Debt InterestExpenseDebt $2.08M USD 1 Quarter
Change in fair value of derivatives and amortization UnrealizedGainLossOnDerivatives $-287.00K USD 1 Quarter
Change in fair value of derivatives and amortization UnrealizedGainLossOnDerivatives - USD 1 Quarter
Write-off of deferred financing fees AmortizationOfFinancingCosts - USD 1 Quarter
Write-off of deferred financing fees AmortizationOfFinancingCosts $279.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $2.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $2.00K USD 1 Quarter
Other OtherIncome $56.00K USD 1 Quarter
Other OtherIncome - USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $6.75M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $8.96M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.74M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.31M USD 1 Quarter
Net income NetIncomeLoss $5.65M USD 1 Quarter
Net income NetIncomeLoss $5.01M USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 22,944.00 shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 22,969.00 shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 23,258.00 shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 23,280.00 shares 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.22 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.25 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.22 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.24 USD 1 Quarter
Dividends declared and paid per share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.10 USD 1 Quarter
Dividends declared and paid per share (in dollars per share) CommonStockDividendsPerShareCashPaid - USD 1 Quarter
Cash Flow Statement 80 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $5.65M USD 1 Quarter
Net income NetIncomeLoss $5.01M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.77M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.74M USD 1 Quarter
Amortization of purchase accounting adjustments for leases OtherAmortizationOfDeferredCharges $-167.00K USD 1 Quarter
Amortization of purchase accounting adjustments for leases OtherAmortizationOfDeferredCharges $-103.00K USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $405.00K USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $622.00K USD 1 Quarter
Provision for self-insured liabilities OtherNoncashExpense $160.00K USD 1 Quarter
Provision for self-insured liabilities OtherNoncashExpense $255.00K USD 1 Quarter
Loss on disposal of fixed assets GainLossOnDispositionOfAssets $-203.00K USD 1 Quarter
Loss on disposal of fixed assets GainLossOnDispositionOfAssets - USD 1 Quarter
Unrealized gain on investments GainLossOnInvestments $56.00K USD 1 Quarter
Unrealized gain on investments GainLossOnInvestments $36.00K USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $280.00K USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $352.00K USD 1 Quarter
Change in fair value of derivatives and amortization UnrealizedGainLossOnDerivatives $-287.00K USD 1 Quarter
Change in fair value of derivatives and amortization UnrealizedGainLossOnDerivatives - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $503.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $45.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $336.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $754.00K USD 1 Quarter
Supplies, prepaid expenses and other receivables IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.44M USD 1 Quarter
Supplies, prepaid expenses and other receivables IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.37M USD 1 Quarter
Deposits in escrow IncreaseDecreaseInRestrictedCashForOperatingActivities $-268.00K USD 1 Quarter
Deposits in escrow IncreaseDecreaseInRestrictedCashForOperatingActivities $-417.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-697.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $267.00K USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-1.38M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-559.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $3.60M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-312.00K USD 1 Quarter
Payments of self-insured liabilities IncreaseDecreaseInOtherDeferredLiability $-83.00K USD 1 Quarter
Payments of self-insured liabilities IncreaseDecreaseInOtherDeferredLiability $-113.00K USD 1 Quarter
Income taxes payable / receivable IncreaseDecreaseInIncomeTaxesReceivable $-3.11M USD 1 Quarter
Income taxes payable / receivable IncreaseDecreaseInIncomeTaxesReceivable $-1.88M USD 1 Quarter
Changes in other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $-407.00K USD 1 Quarter
Changes in other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $-102.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-9.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $78.00K USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $14.98M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $12.01M USD 1 Quarter
Payment for securities PaymentsToAcquireMarketableSecurities $46.00K USD 1 Quarter
Payment for securities PaymentsToAcquireMarketableSecurities $55.00K USD 1 Quarter
Proceeds on sales of securities ProceedsFromSaleAndMaturityOfMarketableSecurities $311.00K USD 1 Quarter
Proceeds on sales of securities ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 1 Quarter
Payments for new construction projects PaymentsForConstructionInProcess $385.00K USD 1 Quarter
Payments for new construction projects PaymentsForConstructionInProcess $463.00K USD 1 Quarter
Payments for purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.44M USD 1 Quarter
Payments for purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.51M USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-4.95M USD 1 Quarter
Cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-3.63M USD 1 Quarter
Payments of financing costs PaymentsOfFinancingCosts - USD 1 Quarter
Payments of financing costs PaymentsOfFinancingCosts $1.90M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $798.00K USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repayment of borrowings on revolving credit facility RepaymentsOfLinesOfCredit $68.00M USD 1 Quarter
Repayment of borrowings on revolving credit facility RepaymentsOfLinesOfCredit $21.10M USD 1 Quarter
Proceeds on borrowings from revolving credit facility ProceedsFromLinesOfCredit $50.00M USD 1 Quarter
Proceeds on borrowings from revolving credit facility ProceedsFromLinesOfCredit $17.00M USD 1 Quarter
Repayment of mortgage debt RepaymentsOfSecuredDebt $1.10M USD 1 Quarter
Repayment of mortgage debt RepaymentsOfSecuredDebt $635.00K USD 1 Quarter
Payment of dividends PaymentsOfDividends - USD 1 Quarter
Payment of dividends PaymentsOfDividends $2.30M USD 1 Quarter
Cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-21.80M USD 1 Quarter
Cash used by financing activities NetCashProvidedByUsedInFinancingActivities $-7.03M USD 1 Quarter
Increase/(decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-10.46M USD 1 Quarter
Increase/(decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $27.00K USD 1 Quarter
Cash and cash equivalents, beginning of year CashAndCashEquivalentsAtCarryingValue $2.65M USD Point-in-time
Cash and cash equivalents, beginning of year CashAndCashEquivalentsAtCarryingValue $2.91M USD Point-in-time
Cash and cash equivalents, beginning of year CashAndCashEquivalentsAtCarryingValue $13.36M USD Point-in-time
Cash and cash equivalents, beginning of year CashAndCashEquivalentsAtCarryingValue $2.68M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.65M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.91M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $13.36M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.68M USD Point-in-time
Interest InterestPaid $2.05M USD 1 Quarter
Interest InterestPaid $1.55M USD 1 Quarter
Income tax payments, net of refunds IncomeTaxesPaidNet $114.00K USD 1 Quarter
Income tax payments, net of refunds IncomeTaxesPaidNet $3.11M USD 1 Quarter
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $5.65M USD 1 Quarter
Net income NetIncomeLoss $5.01M USD 1 Quarter
Unrealized gains (losses) on investment, tax expense OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $28.00K USD 1 Quarter
Unrealized gains (losses) on investment, tax expense OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $73.00K USD 1 Quarter
Unrealized gains (losses) on derivatives, tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $97.00K USD 1 Quarter
Unrealized gains on investment, net of tax expense of $28 and $73, respectively OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $120.00K USD 1 Quarter
Unrealized gains on investment, net of tax expense of $28 and $73, respectively OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $56.00K USD 1 Quarter
Unrealized gains on derivatives, net of tax benefit of $97 OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $131.00K USD 1 Quarter
Reclassification of net losses on swap derivatives to earnings, tax OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax $109.00K USD 1 Quarter
Unrealized gains on derivatives, net of tax benefit of $97 OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Reclassification of net losses on swap derivatives to earnings, net of tax benefit of $109 OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax $196.00K USD 1 Quarter
Reclassification of net losses on swap derivatives to earnings, net of tax benefit of $109 OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax - USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $5.46M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $5.71M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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