10-Q Filing

HEALTHCARE SERVICES GROUP INC CIK: 731012 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000731012-17-000054`
Period End Date	20170331
Filing Date	20170428
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	hcsg-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 28 Cash Flow Statement 70 Stockholders Equity 16

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.23M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.12M	USD	Point-in-time
Accumulated amortization of other intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$14.67M	USD	Point-in-time
Marketable securities, at fair value	`MarketableSecuritiesCurrent`	$67.73M	USD	Point-in-time
Marketable securities, at fair value	`MarketableSecuritiesCurrent`	$68.26M	USD	Point-in-time
Accumulated amortization of other intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$15.28M	USD	Point-in-time
Accounts and notes receivable, less allowance for doubtful accounts of $7,698 as of March 31, 2017 and $6,911 as of December 31, 2016	`AccountsNotesAndLoansReceivableNetCurrent`	$281.11M	USD	Point-in-time
Accounts and notes receivable, less allowance for doubtful accounts of $7,698 as of March 31, 2017 and $6,911 as of December 31, 2016	`AccountsNotesAndLoansReceivableNetCurrent`	$271.28M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories and supplies	`OtherInventory`	$37.80M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories and supplies	`OtherInventory`	$37.29M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseCurrent`	$13.96M	USD	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseCurrent`	$16.82M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	74.20M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$451.72M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	74.42M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$414.62M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	72.88M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.40M	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	72.60M	shares	Point-in-time
Goodwill	`Goodwill`	$44.44M	USD	Point-in-time
Common stock in treasury (in shares)	`TreasuryStockShares`	1.54M	shares	Point-in-time
Goodwill	`Goodwill`	$44.44M	USD	Point-in-time
Common stock in treasury (in shares)	`TreasuryStockShares`	1.60M	shares	Point-in-time
Other intangible assets, less accumulated amortization of $15,279 as of March 31, 2017 and $14,672 as of December 31, 2016	`FiniteLivedIntangibleAssetsNet`	$14.41M	USD	Point-in-time
Other intangible assets, less accumulated amortization of $15,279 as of March 31, 2017 and $14,672 as of December 31, 2016	`FiniteLivedIntangibleAssetsNet`	$13.80M	USD	Point-in-time
Notes receivable long term portion	`NotesAndLoansReceivableNetNoncurrent`	$7.06M	USD	Point-in-time
Notes receivable long term portion	`NotesAndLoansReceivableNetNoncurrent`	$7.53M	USD	Point-in-time
Deferred compensation funding, at fair value	`DeferredCompensationPlanAssets`	$25.08M	USD	Point-in-time
Deferred compensation funding, at fair value	`DeferredCompensationPlanAssets`	$24.12M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$9.56M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$9.82M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$48.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$48.00K	USD	Point-in-time
Total Assets	`Assets`	$528.45M	USD	Point-in-time
Total Assets	`Assets`	$565.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$47.95M	USD	Point-in-time
Accrued payroll, accrued and withheld payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$34.33M	USD	Point-in-time
Accrued payroll, accrued and withheld payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$22.30M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$3.12M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$4.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.69M	USD	Point-in-time
Accrued insurance claims	`WorkersCompensationLiabilityCurrent`	$23.86M	USD	Point-in-time
Accrued insurance claims	`WorkersCompensationLiabilityCurrent`	$23.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$100.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$117.66M	USD	Point-in-time
Accrued insurance claims long term portion	`WorkersCompensationLiabilityNoncurrent`	$64.08M	USD	Point-in-time
Accrued insurance claims long term portion	`WorkersCompensationLiabilityNoncurrent`	$64.58M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityClassifiedNoncurrent`	$26.39M	USD	Point-in-time
Deferred compensation liability	`DeferredCompensationLiabilityClassifiedNoncurrent`	$24.65M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 74,423 and 74,204 shares issued, and 72,882 and 72,601 shares outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$744.00K	USD	Point-in-time
Common stock, $.01 par value; 100,000 shares authorized; 74,423 and 74,204 shares issued, and 72,882 and 72,601 shares outstanding as of March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$742.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$226.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$217.66M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$130.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$139.33M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of taxes	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-319.00K	USD	Point-in-time
Accumulated other comprehensive income (loss), net of taxes	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$160.00K	USD	Point-in-time
Common stock in treasury, at cost, 1,541 shares as of March 31, 2017 and 1,603 shares as of December 31, 2016	`TreasuryStockValue`	$9.84M	USD	Point-in-time
Common stock in treasury, at cost, 1,541 shares as of March 31, 2017 and 1,603 shares as of December 31, 2016	`TreasuryStockValue`	$10.19M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$338.84M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$356.48M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$565.11M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$528.45M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueServicesNet`	$384.81M	USD	1 Quarter
Revenues	`SalesRevenueServicesNet`	$404.49M	USD	1 Quarter
Costs of services provided	`CostOfServices`	$345.57M	USD	1 Quarter
Costs of services provided	`CostOfServices`	$330.04M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$28.21M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$25.35M	USD	1 Quarter
Investment and interest	`InvestmentIncomeNonoperating`	$1.57M	USD	1 Quarter
Investment and interest	`InvestmentIncomeNonoperating`	$187.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$32.28M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$10.98M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$10.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.02M	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic earnings per common share (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted earnings per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	73.07M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	72.36M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	73.95M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	73.01M	shares	1 Quarter
Net income	`NetIncomeLoss`	$18.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.02M	USD	1 Quarter
Unrealized gain on available for sale marketable securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$555.00K	USD	1 Quarter
Unrealized gain on available for sale marketable securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$479.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.18M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.50M	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.97M	USD	1 Quarter
Bad debt provision	`ProvisionForDoubtfulAccounts`	$1.10M	USD	1 Quarter
Bad debt provision	`ProvisionForDoubtfulAccounts`	$1.05M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefitExcludingTaxBenefitFromEquityCompensationPlans`	$3.40M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefitExcludingTaxBenefitFromEquityCompensationPlans`	-	USD	1 Quarter
Stock-based compensation expense, net of tax benefit from equity compensation plans	`ShareBasedCompensation`	$609.00K	USD	1 Quarter
Stock-based compensation expense, net of tax benefit from equity compensation plans	`ShareBasedCompensation`	$445.00K	USD	1 Quarter
Amortization of premium on marketable securities	`InvestmentIncomeAmortizationOfPremium`	$318.00K	USD	1 Quarter
Amortization of premium on marketable securities	`InvestmentIncomeAmortizationOfPremium`	$343.00K	USD	1 Quarter
Unrealized (gain) loss on deferred compensation fund investments	`UnrealizedGainLossOnSecuritiesRelatedToDeferredCompensationFund`	$-278.00K	USD	1 Quarter
Unrealized (gain) loss on deferred compensation fund investments	`UnrealizedGainLossOnSecuritiesRelatedToDeferredCompensationFund`	$1.21M	USD	1 Quarter
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$22.90M	USD	1 Quarter
Accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$10.89M	USD	1 Quarter
Inventories and supplies	`IncreaseDecreaseInInventories`	$-506.00K	USD	1 Quarter
Inventories and supplies	`IncreaseDecreaseInInventories`	$1.62M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.86M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.28M	USD	1 Quarter
Notes receivable - long term	`IncreaseDecreaseInNotesReceivableLongTerm`	$-475.00K	USD	1 Quarter
Notes receivable - long term	`IncreaseDecreaseInNotesReceivableLongTerm`	-	USD	1 Quarter
Deferred compensation funding	`IncreaseDecreaseInDeferredCompensationFunding`	$-246.00K	USD	1 Quarter
Deferred compensation funding	`IncreaseDecreaseInDeferredCompensationFunding`	$268.00K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$3.64M	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-4.10M	USD	1 Quarter
Accrued payroll, accrued and withheld payroll taxes	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$18.07M	USD	1 Quarter
Accrued payroll, accrued and withheld payroll taxes	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$15.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.85M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.62M	USD	1 Quarter
Accrued insurance claims	`IncreaseDecreaseInWorkersCompensationLiabilities`	$784.00K	USD	1 Quarter
Accrued insurance claims	`IncreaseDecreaseInWorkersCompensationLiabilities`	$1.01M	USD	1 Quarter
Deferred compensation liability	`IncreaseDecreaseInDeferredCompensation`	$1.06M	USD	1 Quarter
Deferred compensation liability	`IncreaseDecreaseInDeferredCompensation`	$100.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.65M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.69M	USD	1 Quarter
Disposals of fixed assets	`ProceedsFromSaleOfProductiveAssets`	$104.00K	USD	1 Quarter
Disposals of fixed assets	`ProceedsFromSaleOfProductiveAssets`	$114.00K	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.46M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.32M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$7.86M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$4.97M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.64M	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$7.72M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.36M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.67M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$13.62M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$13.16M	USD	1 Quarter
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan	`ProceedsFromIssuanceOfCommonStock`	$28.00K	USD	1 Quarter
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan	`ProceedsFromIssuanceOfCommonStock`	$24.00K	USD	1 Quarter
Tax benefit from equity compensation plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$509.00K	USD	1 Quarter
Tax benefit from equity compensation plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.69M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.53M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.09M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.91M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.38M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.07M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.85M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.19M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$48.23M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$29.12M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$23.85M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.19M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$48.23M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$29.12M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$155.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$204.00K	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$11.20M	USD	1 Quarter
Cash paid for income taxes, net of refunds	`IncomeTaxesPaidNet`	$9.54M	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$338.84M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$356.48M	USD	Point-in-time
Net income for the period	`NetIncomeLoss`	$18.63M	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$22.02M	USD	1 Quarter
Unrealized gain on available for sale marketable securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$555.00K	USD	1 Quarter
Unrealized gain on available for sale marketable securities, net of taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$479.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.18M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.50M	USD	1 Quarter
Exercise of stock options and other stock-based compensation, net of shares tendered for payment	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.69M	USD	1 Quarter
Share-based compensation expense stock options, restricted stock and restricted stock units	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.46M	USD	1 Quarter
Treasury shares issued for Deferred Compensation Plan funding and redemptions	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$502.00K	USD	1 Quarter
Shares issued pursuant to Employee Stock Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$2.09M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$13.62M	USD	1 Quarter
Shares issued pursuant to Dividend Reinvestment Plans	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$24.00K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$338.84M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$356.48M	USD	Point-in-time

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