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10-Q Filing

ASSISTED LIVING CONCEPTS INC CIK: 929994 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001140361-13-019474
Period End Date 20130331
Filing Date 20130508
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance alc-20130331.xml
Filing Contents
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.18M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.65M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.84M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.68M USD Point-in-time
Cash and escrow deposits - restricted RestrictedCashAndCashEquivalentsAtCarryingValue $2.38M USD Point-in-time
Cash and escrow deposits - restricted RestrictedCashAndCashEquivalentsAtCarryingValue $2.71M USD Point-in-time
Investments ShortTermInvestments $900.00K USD Point-in-time
Investments ShortTermInvestments $962.00K USD Point-in-time
Accounts receivable, less allowances of $4,016 and $3,461 respectively AccountsReceivableNetCurrent $4.29M USD Point-in-time
Accounts receivable, less allowances of $4,016 and $3,461 respectively AccountsReceivableNetCurrent $4.73M USD Point-in-time
Prepaid expenses, supplies and other receivables PrepaidExpenseAndOtherAssetsCurrent $6.34M USD Point-in-time
Prepaid expenses, supplies and other receivables PrepaidExpenseAndOtherAssetsCurrent $4.60M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $4.09M USD Point-in-time
Income tax receivable IncomeTaxesReceivable $7.32M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $4.66M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $4.64M USD Point-in-time
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $3.46M USD Point-in-time
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $4.02M USD Point-in-time
Total current assets AssetsCurrent $33.24M USD Point-in-time
Total current assets AssetsCurrent $31.42M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $481.91M 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 $474.98M USD Point-in-time
Preferred Stock, shares authorized ( in shares) PreferredStockSharesAuthorized 25.00M shares Point-in-time
Preferred Stock, shares authorized ( in shares) PreferredStockSharesAuthorized 25.00M shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $2.04M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsNoncurrent $581.00K USD Point-in-time
Preferred Stock, shares issued ( in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Other assets OtherAssetsNoncurrent $426.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $398.00K USD Point-in-time
Preferred Stock, shares issued ( in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred Stock, shares outstanding ( in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total Assets Assets $509.22M USD Point-in-time
Total Assets Assets $515.77M USD Point-in-time
Preferred Stock, shares outstanding ( in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common Stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common Stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 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 $8.03M USD Point-in-time
Accounts payable AccountsPayableCurrent $9.91M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $25.06M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $21.03M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $5.34M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $8.27M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $143.30M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $114.58M USD Point-in-time
Current portion of self-insured liabilities SelfInsuranceReserveCurrent $500.00K USD Point-in-time
Current portion of self-insured liabilities SelfInsuranceReserveCurrent $500.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $182.23M USD Point-in-time
Total current liabilities LiabilitiesCurrent $154.28M USD Point-in-time
Accrual for self-insured liabilities SelfInsuranceReserve $1.70M USD Point-in-time
Accrual for self-insured liabilities SelfInsuranceReserve $1.77M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $67.14M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $40.92M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $8.53M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $8.70M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $6.30M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $6.10M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Total Liabilities Liabilities $238.13M USD Point-in-time
Total Liabilities Liabilities $239.56M 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 $317.47M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $317.71M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $17.00K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $19.00K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $28.50M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $36.72M 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 $277.64M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $269.67M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $515.77M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $509.22M USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenues OperatingLeasesIncomeStatementMinimumLeaseRevenue $54.81M USD 1 Quarter
Revenues OperatingLeasesIncomeStatementMinimumLeaseRevenue $58.98M USD 1 Quarter
Residence operations (exclusive of depreciation and amortization and residence lease expense shown below) DirectCostsOfLeasedAndRentedPropertyOrEquipment $34.27M USD 1 Quarter
Residence operations (exclusive of depreciation and amortization and residence lease expense shown below) DirectCostsOfLeasedAndRentedPropertyOrEquipment $42.68M USD 1 Quarter
General and administrative (including non-cash stock-based compensation expense of $238 and $352, respectively) GeneralAndAdministrativeExpense $7.68M USD 1 Quarter
General and administrative (including non-cash stock-based compensation expense of $238 and $352, respectively) GeneralAndAdministrativeExpense $3.85M USD 1 Quarter
Residence lease expense LeaseAndRentalExpense $2.77M USD 1 Quarter
Residence lease expense LeaseAndRentalExpense $4.54M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $5.77M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $7.49M USD 1 Quarter
Compensation expense related to options/SARs AllocatedShareBasedCompensationExpense $351.68K USD 1 Quarter
Transaction costs BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Transaction costs BusinessCombinationAcquisitionRelatedCosts $3.76M USD 1 Quarter
Compensation expense related to options/SARs AllocatedShareBasedCompensationExpense $238.10K USD 1 Quarter
Total operating expenses CostsAndExpenses $64.37M USD 1 Quarter
Total operating expenses CostsAndExpenses $48.43M USD 1 Quarter
(Loss)/income from operations OperatingIncomeLoss $10.55M USD 1 Quarter
(Loss)/income from operations OperatingIncomeLoss $-9.56M USD 1 Quarter
Interest expense InterestExpense $3.88M USD 1 Quarter
Interest expense InterestExpense $1.59M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $2.00K USD 1 Quarter
Gain on sale of property GainLossOnSaleOfProperty - USD 1 Quarter
Gain on sale of property GainLossOnSaleOfProperty $1.76M USD 1 Quarter
(Loss)/income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-11.68M USD 1 Quarter
(Loss)/income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $8.96M USD 1 Quarter
Income tax benefit/(expense) IncomeTaxExpenseBenefit $3.31M USD 1 Quarter
Income tax benefit/(expense) IncomeTaxExpenseBenefit $-3.46M USD 1 Quarter
Net (loss)/income NetIncomeLoss $5.65M USD 1 Quarter
Net (loss)/income NetIncomeLoss $-8.21M USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 22.97M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 22.97M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 22.97M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 23.26M shares 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.25 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $-0.36 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.24 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $-0.36 USD 1 Quarter
Dividends declared and paid per share (in dollars per share) CommonStockDividendsPerShareCashPaid - USD 1 Quarter
Dividends declared and paid per share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.10 USD 1 Quarter
Cash Flow Statement 78 line items
Line Item Tag Value Unit Period
Net (loss)/income NetIncomeLoss $5.65M USD 1 Quarter
Net (loss)/income NetIncomeLoss $-8.21M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.77M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $7.49M USD 1 Quarter
Deferred financing write-off and amortization DeferredFinancingWriteOffAndAmortization $98.00K USD 1 Quarter
Deferred financing write-off and amortization DeferredFinancingWriteOffAndAmortization $645.00K USD 1 Quarter
Amortization of purchase accounting adjustments for leases OtherAmortizationOfDeferredCharges $-103.00K USD 1 Quarter
Amortization of purchase accounting adjustments for leases OtherAmortizationOfDeferredCharges $-103.00K USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $555.00K USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts $622.00K USD 1 Quarter
Provision for self-insured liabilities OtherNoncashExpense $255.00K USD 1 Quarter
Provision for self-insured liabilities OtherNoncashExpense $255.00K USD 1 Quarter
(Gain)/loss on sale/disposal of fixed assets GainLossOnDispositionOfAssets $-28.00K USD 1 Quarter
(Gain)/loss on sale/disposal of fixed assets GainLossOnDispositionOfAssets $1.77M USD 1 Quarter
Unrealized gain on investments GainLossOnInvestments $36.00K USD 1 Quarter
Unrealized gain on investments GainLossOnInvestments $11.00K USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $352.00K USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $238.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $45.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-188.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $992.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $336.00K USD 1 Quarter
Supplies, prepaid expenses and other receivables IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.13M USD 1 Quarter
Supplies, prepaid expenses and other receivables IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.37M USD 1 Quarter
Deposits in escrow IncreaseDecreaseInRestrictedCashForOperatingActivities $-330.00K USD 1 Quarter
Deposits in escrow IncreaseDecreaseInRestrictedCashForOperatingActivities $-268.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-697.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.64M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $4.03M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-1.38M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-2.92M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-312.00K USD 1 Quarter
Payments of self-insured liabilities IncreaseDecreaseInOtherDeferredLiability $-113.00K USD 1 Quarter
Payments of self-insured liabilities IncreaseDecreaseInOtherDeferredLiability $-552.00K USD 1 Quarter
Income taxes payable / receivable IncreaseDecreaseInIncomeTaxesReceivable $3.23M USD 1 Quarter
Income taxes payable / receivable IncreaseDecreaseInIncomeTaxesReceivable $-3.11M USD 1 Quarter
Changes in other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $-4.00K USD 1 Quarter
Changes in other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $-1.45M USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $280.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-17.00K USD 1 Quarter
Cash (used in)/provided by operating activities NetCashProvidedByUsedInOperatingActivities $11.84M USD 1 Quarter
Cash (used in)/provided by operating activities NetCashProvidedByUsedInOperatingActivities $-6.48M USD 1 Quarter
Payment for securities PaymentsToAcquireMarketableSecurities $55.00K USD 1 Quarter
Payment for securities PaymentsToAcquireMarketableSecurities $53.00K USD 1 Quarter
Proceeds on sales of fixed assets ProceedsFromSaleOfProductiveAssets $175.00K USD 1 Quarter
Proceeds on sales of fixed assets ProceedsFromSaleOfProductiveAssets $3.11M USD 1 Quarter
Payments for new construction projects PaymentsForConstructionInProcess - USD 1 Quarter
Payments for new construction projects PaymentsForConstructionInProcess $385.00K USD 1 Quarter
Payments for purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.51M USD 1 Quarter
Payments for purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.14M USD 1 Quarter
Cash provided by/(used in) investing activities NetCashProvidedByUsedInInvestingActivities $925.00K USD 1 Quarter
Cash provided by/(used in) investing activities NetCashProvidedByUsedInInvestingActivities $-4.78M USD 1 Quarter
Payments of financing costs PaymentsOfFinancingCosts - USD 1 Quarter
Payments of financing costs PaymentsOfFinancingCosts $280.00K USD 1 Quarter
Repayment of borrowings on revolving credit facility RepaymentsOfLinesOfCredit $21.10M USD 1 Quarter
Repayment of borrowings on revolving credit facility RepaymentsOfLinesOfCredit - USD 1 Quarter
Proceeds on borrowings from revolving credit facility ProceedsFromLinesOfCredit $17.00M USD 1 Quarter
Proceeds on borrowings from revolving credit facility ProceedsFromLinesOfCredit $5.00M USD 1 Quarter
Repayment of mortgage debt RepaymentsOfSecuredDebt $2.51M 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 provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $-7.03M USD 1 Quarter
Cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $2.21M USD 1 Quarter
(Decrease)/increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $27.00K USD 1 Quarter
(Decrease)/increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-3.34M USD 1 Quarter
Cash and cash equivalents, beginning of year CashAndCashEquivalentsAtCarryingValue $10.18M USD Point-in-time
Cash and cash equivalents, beginning of year CashAndCashEquivalentsAtCarryingValue $2.65M USD Point-in-time
Cash and cash equivalents, beginning of year CashAndCashEquivalentsAtCarryingValue $6.84M 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 $10.18M 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 $6.84M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.68M USD Point-in-time
Interest InterestPaid $1.55M USD 1 Quarter
Interest InterestPaid $3.89M USD 1 Quarter
Income tax payments, net of refunds IncomeTaxesPaidNet $29.00K USD 1 Quarter
Income tax payments, net of refunds IncomeTaxesPaidNet $3.11M USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net (loss)/income NetIncomeLoss $5.65M USD 1 Quarter
Net (loss)/income NetIncomeLoss $-8.21M USD 1 Quarter
Unrealized (losses)/ gains on investment, tax (benefit) expense OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-1.00K USD 1 Quarter
Unrealized (losses)/ gains on investment, tax (benefit) expense OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $28.00K USD 1 Quarter
Unrealized (losses)/ gains on investments, net of tax benefit of $1 and tax expense of $28, respective OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $56.00K USD 1 Quarter
Unrealized (losses)/ gains on investments, net of tax benefit of $1 and tax expense of $28, respective OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-2.00K USD 1 Quarter
Total comprehensive (loss)/income ComprehensiveIncomeNetOfTax $-8.21M USD 1 Quarter
Total comprehensive (loss)/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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