ModivCare (MODV) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 05, 2019
Cover page.
Entity Address, Address Line One	1275 Peachtree Street
Entity Address, Address Line Two	Sixth Floor
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-34221
Entity Registrant Name	Providence Service Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-0845127
Entity Address, Postal Zip Code	30309
City Area Code	404
Local Phone Number	888-5800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	PRSC
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding (in shares)		12,973,706
Entity Central Index Key	0001220754
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Fiscal Year Focus	2019
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 29,804	$ 5,678
Accounts receivable, net of allowance of $2,120 in 2019 and $1,854 in 2018	154,864	147,756
Other receivables	6,115	4,846
Prepaid expenses and other	39,818	44,167
Restricted cash	1,832	1,482
Current assets of discontinued operations	4,181	7,051
Total current assets	236,614	210,980
Operating lease right-of-use assets	19,354	0
Property and equipment, net	21,548	22,965
Goodwill	135,216	135,216
Intangible assets, net	23,028	26,146
Equity investment	157,948	161,503
Other assets	10,228	9,949
Restricted cash, less current portion	1,896	2,886
Total assets	605,832	569,645
Current liabilities:
Current portion of operating lease liabilities	6,892	0
Current portion of long-term obligations	308	718
Accounts payable	9,635	8,828
Accrued expenses	49,775	39,191
Accrued transportation costs	87,825	84,889
Deferred revenue	232	562
Reinsurance and related liability reserves	4,701	5,438
Current liabilities of discontinued operations	1,280	3,257
Total current liabilities	160,648	142,883
Long-term debt, less current portion	199	353
Operating lease liabilities, less current portion	13,810	0
Other long-term liabilities	15,076	14,970
Deferred tax liabilities	20,909	23,049
Long-term liabilities of discontinued operations	713	0
Total liabilities	211,355	181,255
Commitments and contingencies
Redeemable convertible preferred stock
Convertible preferred stock, net: Authorized 10,000,000 shares; $0.001 par value; 799,969 and 801,606, respectively, issued and outstanding; 5.5%/8.5% dividend rate	77,234	77,392
Stockholders’ equity
Common stock: Authorized 40,000,000 shares; $0.001 par value; 17,947,072 and 17,784,769, respectively, issued and outstanding (including treasury shares)	18	18
Additional paid-in capital	344,676	334,744
Retained earnings	183,812	187,127
Treasury shares, at cost, 4,975,971 and 4,970,093 shares, respectively	(211,263)	(210,891)
Total stockholders’ equity	317,243	310,998
Total liabilities, redeemable convertible preferred stock and stockholders’ equity	$ 605,832	$ 569,645

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Service revenue, net	$ 363,911	$ 343,736	$ 731,726	$ 680,432
Operating expenses:
Service expense	345,948	317,741	686,446	620,856
General and administrative expense	16,860	18,139	36,262	36,037
Asset impairment charge	0	678	0	678
Depreciation and amortization	4,353	3,747	8,827	7,327
Total operating expenses	367,161	340,305	731,535	664,898
Operating (loss) income	(3,250)	3,431	191	15,534
Other expenses (income):
Interest expense, net	301	232	604	558
Other income	(66)	0	(132)	0
Equity in net loss of investee	1,315	174	2,971	2,519
(Loss) income from continuing operations before income taxes	(4,800)	3,025	(3,252)	12,457
(Benefit) provision for income taxes	(1,391)	1,062	(1,157)	3,071
(Loss) income from continuing operations, net of tax	(3,409)	1,963	(2,095)	9,386
Income (loss) from discontinued operations, net of tax	1,697	(13,366)	966	(15,063)
Net loss	(1,712)	(11,403)	(1,129)	(5,677)
Net income (loss) from discontinued operations attributable to non-controlling interest	0	188	0	(108)
Net loss attributable to Providence	(1,712)	(11,215)	(1,129)	(5,785)
Net loss available to common stockholders (Note 11)	$ (2,810)	$ (12,321)	$ (3,314)	$ (7,980)
Basic (loss) earnings per common share:
Continuing operations (in dollars per share)	$ (0.35)	$ 0.08	$ (0.33)	$ 0.54
Discontinued operations (in dollars per share)	0.13	(1.03)	0.07	(1.15)
Basic loss per common share (in dollars per share)	(0.22)	(0.95)	(0.26)	(0.61)
Diluted (loss) earnings per common share:
Continuing operations (in dollars per share)	(0.35)	0.08	(0.33)	0.54
Discontinued operations (in dollars per share)	0.13	(1.02)	0.07	(1.15)
Diluted earnings per common share (in dollars per share)	$ (0.22)	$ (0.94)	$ (0.26)	$ (0.61)
Weighted-average number of common shares outstanding:
Basic (in shares)	12,973,496	13,008,106	12,937,054	13,056,765
Diluted (in shares)	12,973,496	13,088,182	12,937,054	13,141,198

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Accounts receivable allowance	$ 2,120	$ 1,854
Convertible preferred stock, Shares Authorized (in shares)	10,000,000	10,000,000
Convertible preferred stock, Par Value (in dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock, Shares Issued (in shares)	799,969	801,606
Convertible preferred stock, Shares Outstanding (in shares)	799,969	801,606
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.001
Common stock, shares issued (in shares)	17,947,072	17,784,769
Common stock, shares outstanding (in shares)	17,947,072	17,784,769
Treasury shares, shares (in shares)	4,975,971	4,970,093
Cash Dividends
Convertible preferred stock, dividend rate	5.50%	5.50%
Paid-in-kind Dividends
Convertible preferred stock, dividend rate	8.50%	8.50%

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (1,712)	$ (11,403)	$ (1,129)	$ (5,677)
Net income (loss) attributable to non-controlling interest	0	188	0	(108)
Net loss attributable to Providence	(1,712)	(11,215)	(1,129)	(5,785)
Other comprehensive loss:
Foreign currency translation adjustments, net of tax	0	(3,967)	0	(2,041)
Other comprehensive loss	0	(3,967)	0	(2,041)
Comprehensive loss	(1,712)	(15,370)	(1,129)	(7,718)
Comprehensive income (loss) attributable to non-controlling interest	0	62	0	(153)
Comprehensive loss attributable to Providence	$ (1,712)	$ (15,308)	$ (1,129)	$ (7,871)

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Non-controlling Interest
Beginning Balance (in shares) at Dec. 31, 2017			17,473,598				4,126,132
Beginning Balance at Dec. 31, 2017		$ 336,017	$ 17	$ 313,955	$ 204,818	$ (25,805)	$ (154,803)	$ (2,165)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		993		993
Exercise of employee stock options (in shares)			212,789				0
Exercise of employee stock options		8,820	$ 1	8,819			$ 0
Restricted stock issued (in shares)			20,904				3,778
Restricted stock issued		(237)					$ (237)
Shares issued for bonus settlement and director stipends (in shares)			2,715
Shares issued for bonus settlement and director stipends		150		150
Convertible preferred stock dividends	[1]	(1,089)			(1,089)
Net loss attributable to Providence		5,430			5,430
Stock repurchase (in shares)							583,027
Stock repurchase plan		(36,930)					$ (36,930)
Foreign currency translation adjustments, net of tax		1,845				1,926		(81)
Net income (loss) from discontinued operations attributable to non-controlling interest		296						296
Other		49		49
Ending Balance (in shares) at Mar. 31, 2018			17,710,006				4,712,937
Ending Balance at Mar. 31, 2018		321,054	$ 18	323,966	214,869	(23,879)	$ (191,970)	(1,950)
Beginning Balance (in shares) at Dec. 31, 2017			17,473,598				4,126,132
Beginning Balance at Dec. 31, 2017		336,017	$ 17	313,955	204,818	(25,805)	$ (154,803)	(2,165)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Providence		(5,785)
Net income (loss) from discontinued operations attributable to non-controlling interest		(108)
Ending Balance (in shares) at Jun. 30, 2018			17,775,131				4,968,758
Ending Balance at Jun. 30, 2018		291,915	$ 18	330,009	202,548	(27,846)	$ (210,802)	(2,012)
Beginning Balance (in shares) at Mar. 31, 2018			17,710,006				4,712,937
Beginning Balance at Mar. 31, 2018		321,054	$ 18	323,966	214,869	(23,879)	$ (191,970)	(1,950)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		3,446		3,446
Exercise of employee stock options (in shares)			53,004				0
Exercise of employee stock options		2,842	$ 0	2,842			$ 0
Restricted stock issued (in shares)			6,085				129
Restricted stock issued		(329)		(320)			$ (9)
Shares issued for bonus settlement and director stipends (in shares)			318
Shares issued for bonus settlement and director stipends		0		0
Convertible preferred stock dividends	[1]	(1,101)			(1,101)
Net loss attributable to Providence		(11,215)			(11,215)
Performance restricted stock issued (in shares)			3,110
Performance restricted stock issued		(109)	$ 0	(109)
Stock repurchase (in shares)							255,692
Stock repurchase plan		(18,823)					$ (18,823)
Conversion of convertible preferred stock to common stock (in shares)			2,608
Conversion of convertible preferred stock to common stock		100		105	(5)
Foreign currency translation adjustments, net of tax		(3,841)				(3,967)		126
Net income (loss) from discontinued operations attributable to non-controlling interest		188
Other		(109)		79				(188)
Ending Balance (in shares) at Jun. 30, 2018			17,775,131				4,968,758
Ending Balance at Jun. 30, 2018		291,915	$ 18	330,009	202,548	$ (27,846)	$ (210,802)	$ (2,012)
Beginning Balance (in shares) at Dec. 31, 2018			17,784,769				4,970,093
Beginning Balance at Dec. 31, 2018		310,998	$ 18	334,744	187,127		$ (210,891)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		2,103		2,103
Exercise of employee stock options (in shares)			57,022
Exercise of employee stock options		2,557		2,557
Restricted stock issued (in shares)			25,357				3,459
Restricted stock issued		(217)					$ (217)
Shares issued for bonus settlement and director stipends (in shares)			599
Shares issued for bonus settlement and director stipends		0
Convertible preferred stock dividends	[1]	(1,087)			(1,087)
Net loss attributable to Providence		582			582
Ending Balance (in shares) at Mar. 31, 2019			17,867,747				4,973,552
Ending Balance at Mar. 31, 2019		314,936	$ 18	339,404	186,622		$ (211,108)
Beginning Balance (in shares) at Dec. 31, 2018			17,784,769				4,970,093
Beginning Balance at Dec. 31, 2018		310,998	$ 18	334,744	187,127		$ (210,891)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to Providence		(1,129)
Net income (loss) from discontinued operations attributable to non-controlling interest		0
Ending Balance (in shares) at Jun. 30, 2019			17,947,072				4,975,971
Ending Balance at Jun. 30, 2019		317,243	$ 18	344,676	183,812		$ (211,263)
Beginning Balance (in shares) at Mar. 31, 2019			17,867,747				4,973,552
Beginning Balance at Mar. 31, 2019		314,936	$ 18	339,404	186,622		$ (211,108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation		1,289		1,289
Exercise of employee stock options (in shares)			67,931
Exercise of employee stock options		3,826		3,826
Restricted stock issued (in shares)			7,088				2,419
Restricted stock issued		(155)					$ (155)
Shares issued for bonus settlement and director stipends (in shares)			202
Shares issued for bonus settlement and director stipends		0
Convertible preferred stock dividends	[1]	(1,098)			(1,098)
Preferred stock conversion (in shares)			4,104
Preferred stock conversion		157		157
Net loss attributable to Providence		(1,712)			(1,712)
Net income (loss) from discontinued operations attributable to non-controlling interest		0
Ending Balance (in shares) at Jun. 30, 2019			17,947,072				4,975,971
Ending Balance at Jun. 30, 2019		$ 317,243	$ 18	$ 344,676	$ 183,812		$ (211,263)
[1]	Cash dividends on redeemable convertible preferred stock of $1.36 and $1.37 per share were distributed to convertible preferred stockholders for the three months ended March 31, 2018 and June 30, 2018, respectively.

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018
Statement of Stockholders' Equity [Abstract]
Preferred stock, dividends per share (in USD per share)	$ 1.37	$ 1.36	$ 1.37

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities
Net loss	$ (1,129)	$ (5,677)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	5,710	9,565
Amortization	3,117	4,112
Asset impairment charge	0	9,881
Provision for doubtful accounts	281	197
Stock-based compensation	3,392	4,278
Deferred income taxes	(1,346)	(2,665)
Amortization of deferred financing costs and debt discount	201	308
Equity in net loss of investee	2,971	2,468
Other non-cash charges (credits)	0	(605)
Changes in operating assets and liabilities:
Accounts receivable	(7,389)	(33,993)
Prepaid expenses and other	(4,473)	(10,967)
Income tax receivable on sale of business	8,223	0
Reinsurance and related liability reserve	(1,235)	(1,294)
Accounts payable and accrued expenses	9,775	(4,865)
Accrued transportation costs	2,936	10,489
Deferred revenue	(433)	10,780
Operating lease and other long-term liabilities	2,470	72
Net cash provided by (used in) operating activities	23,071	(7,916)
Investing activities
Purchase of property and equipment	(4,277)	(8,792)
Proceeds from note receivable	0	3,130
Net cash used in investing activities	(4,277)	(5,662)
Financing activities
Preferred stock dividends	(2,185)	(2,190)
Repurchase of common stock, for treasury	(372)	(56,428)
Proceeds from common stock issued pursuant to stock option exercise	6,383	12,405
Repayment of debt	12,000	0
Proceeds from debt	12,000	0
Capital lease payments and other	(566)	(1,793)
Net cash provided by (used in) financing activities	3,260	(48,006)
Effect of exchange rate changes on cash	0	(53)
Net change in cash, cash equivalents and restricted cash	22,054	(61,637)
Cash, cash equivalents and restricted cash at beginning of period	12,367	101,606
Cash, cash equivalents and restricted cash at end of period	$ 34,421	$ 39,969

Supplemental Cash Flow Informat

Supplemental Cash Flow Information - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement of Cash Flows [Abstract]
Cash paid for interest	$ 852	$ 588
Cash paid for income taxes	1,992	9,462
Purchase of equipment through capital lease obligation	$ 0	$ 677

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Description of Business The Providence Service Corporation (“we”, the “Company” or “Providence”) is the largest manager of non-emergency medical transportation (“NET”) programs for state governments and managed care organizations (“MCOs”) in the United States (“U.S.”). The Company’s NET Services segment operates under the brands LogistiCare and Circulation. Additionally, the Company owns a minority investment in CCHN Group Holdings, Inc. and its subsidiaries (“Matrix”). Matrix is a nationwide provider of home and mobile-based healthcare services for health plans in the U.S., including comprehensive health assessments (“CHAs”), quality gap closure visits, “level of service” needs assessments, and post-acute and chronic care management, providing such services through a network of community-based clinicians and a fleet of mobile health clinics with advanced diagnostics capabilities. During 2018, the Company announced an organizational consolidation plan ("Organizational Consolidation") to integrate substantially all activities and functions performed at the corporate holding company level into its NET Services segment. As the Organizational Consolidation was substantially complete beginning January 1, 2019, our former Corporate and Other segment was combined with the NET Services segment. See Note 8, Restructuring and Related Reorganization Costs, and Note 16, Segments, for further information. Basis of Presentation The Company follows accounting standards set by the Financial Accounting Standards Board (“FASB”). The FASB establishes accounting principles generally accepted in the United States (“GAAP”). Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification (“ASC”), which serves as the single source of authoritative non-SEC accounting and applicable reporting standards to be applied for non-governmental entities. All amounts are presented in U.S. dollars, unless otherwise noted. The Company’s condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information, and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for the fair presentation of the results of the interim periods have been included. The Company has made estimates relating to the reporting of assets and liabilities, revenues and expenses and certain disclosures in the preparation of these condensed consolidated financial statements in conformity with GAAP. Actual results could differ from those estimates. Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019 . Management has evaluated events and transactions that occurred after the balance sheet date and through the date these condensed consolidated financial statements were filed with the SEC and considered the effect of such events in the preparation of these condensed consolidated financial statements. The condensed consolidated balance sheet at December 31, 2018 has been derived from audited financial statements at that date but does not include all the information and footnotes required by GAAP for complete financial statements. The condensed consolidated financial statements contained herein should be read in conjunction with the audited financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . The Company accounts for its investment in Matrix using the equity method, as the Company does not control the decision-making process or business management practices of Matrix. While the Company has access to certain information and performs certain procedures to review the reasonableness of information, the Company relies on the management of Matrix to provide accurate financial information prepared in accordance with GAAP. The Company receives audit reports relating to such financial information from Matrix’s independent auditors on an annual basis. The Company is not aware of any errors in or possible misstatements of the financial information provided by Matrix that would have a material effect on the Company’s consolidated financial statements. See Note 5, Equity Investments , for further information. Reclassifications In conjunction with the change in the Company’s organizational structure as described in Note 16, Segments , we reclassified certain costs between “General and administrative expense” and “Service expense” on our accompanying condensed consolidated statements of operations as summarized below: Three Months Ended June 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 324,126 $ (6,385 ) $ 317,741 General and administrative expense 11,754 6,385 18,139 Six Months Ended June 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 634,827 $ (13,971 ) $ 620,856 General and administrative expense 22,066 13,971 36,037 (1) Adjusted for discontinued operations, as described in Note 15.

Significant Accounting Policies

Significant Accounting Policies and Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Significant Accounting Policies and Recent Accounting Pronouncements	Significant Accounting Policies and Recent Accounting Pronouncements The Company adopted the following accounting pronouncements during the six months ended June 30, 2019 : In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 introduced FASB Accounting Standards Codification Topic 842 (“ASC 842”), which replaced ASC 840, Leases . In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842 (Leases) (“ASU 2018-10”), which provides narrow amendments to clarify how to apply certain aspects of the new lease standard. Additionally, in July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”). ASU 2018-11 provides a new transition method and a practical expedient for separating components of a leasing contract. The Company has not entered into significant lease agreements in which it is the lessor; however, the Company does have lease agreements in which it is the lessee. Under ASC 842, lessees are required to recognize a lease liability and right-of-use ( “ ROU ” ) asset for all leases (with the exception of short-term leases) at the lease commencement date. Effective January 1, 2019, the Company adopted this guidance, applied the modified retrospective transition method and elected the transition option to use the effective date as the date of initial application. The Company recognized the cumulative effect of the transition adjustment on the condensed consolidated balance sheet as of the effective date and did not provide any new lease disclosures for periods before the effective date. With respect to the practical expedients, the Company elected the package of transitional-related practical expedients and the practical expedient not to separate lease and non-lease components. At January 1, 2019, the Company recorded $23,165 and $24,491 of additional ROU leased assets and liabilities, respectively, on its condensed consolidated balance sheet. The adoption did not have a material impact on the statement of operations. See Note 9, Leases , for further information. In August 2018, the SEC adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the analysis of stockholders’ equity for interim financial statements. Under the amendments, an analysis of changes in each caption of stockholders’ equity presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of comprehensive income is required to be filed. The Company adopted this new rule in the quarter ended March 31, 2019 by including the condensed consolidated statements of stockholders’ equity. Recent accounting pronouncements that the Company has yet to adopt are as follows: In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”). The amendments in ASU 2016-13 will supersede or clarify much of the existing guidance for reporting credit losses for assets held at amortized cost basis and available for sale debt securities. The amendments in ASU 2016-13 affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, with early adoption permitted for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of ASU 2016-13 on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). ASU 2018-13 removes certain disclosures, modifies certain disclosures and added additional disclosures. The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. ASU 2018-13 requires certain disclosures to be applied on a retrospective basis and others on a prospective basis. The Company is currently evaluating the impact of ASU 2018-13 on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (“ASU 2018-15”). ASU 2018-15 will align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of ASU 2018-15 on its consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregation of Revenue The following table summarizes disaggregated revenue from contracts with customers by contract type for NET Services: Three months ended June 30, 2019 Three Months Ended June 30, 2018 State Medicaid agency contracts $ 177,773 $ 183,459 Managed care organization contracts 186,138 160,277 Total Service revenue, net $ 363,911 $ 343,736 Capitated contracts $ 308,690 $ 286,994 Non-capitated contracts 55,221 56,742 Total Service revenue, net $ 363,911 $ 343,736 Six months ended June 30, 2019 Six months ended June 30, 2018 State Medicaid agency contracts $ 354,741 $ 360,748 Managed care organization contracts 376,985 319,684 Total Service revenue, net $ 731,726 $ 680,432 Capitated contracts $ 613,262 $ 571,395 Non-capitated contracts 118,464 109,037 Total Service revenue, net $ 731,726 $ 680,432 During the three months ended June 30, 2019 and 2018, NET Services recognized positive $236 and negative $1,007 , respectively, from contractual adjustments relating to performance obligations satisfied in previous periods to which the customer agreed. During the six months ended June 30, 2019 and 2018, NET Services recognized negative $39 and positive $5,685 , respectively, from contractual adjustments relating to performance obligations satisfied in previous periods to which the customer agreed. Related Balance Sheet Accounts The following table provides information about accounts receivable, net: June 30, 2019 December 31, 2018 Accounts receivable $ 99,656 $ 101,340 NET Services’ reconciliation contract receivable 57,328 48,270 Allowance for doubtful accounts (2,120 ) (1,854 ) $ 154,864 $ 147,756 The following table provides information about other accounts included on the accompanying condensed consolidated balance sheets: June 30, 2019 December 31, 2018 Accrued contract payments, included in “ accrued expenses ” $ 20,896 $ 9,756 Deferred revenue, current 232 562 Deferred revenue, long-term, included in “ other long-term liabilities ” 860 963 During the six months ended June 30, 2019 and 2018, $386 and $3,019 of deferred revenue as of December 31, 2018

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2019
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows: June 30, 2019 June 30, 2018 Cash and cash equivalents $ 29,804 $ 29,700 Restricted cash, current 1,832 1,868 Current assets of discontinued operations 889 5,141 Restricted cash, less current portion 1,896 3,260 Cash, cash equivalents and restricted cash $ 34,421 $ 39,969 Restricted cash primarily relates to amounts held in trusts for reinsurance claims losses under the Company’s captive insurance operation for historical workers’ compensation, general and professional liability and auto liability reinsurance programs, as well as amounts restricted for withdrawal under our self-insured medical and benefits plans. Current assets of discontinued operations principally reflect the cash position of WD Services operations in Saudi Arabia, which was not sold as part of the WD Services sale. Such cash will be used to fund the shut-down costs of this operation as needed. See Note 15, Discontinued Operations , for further information on the WD Services sale.

Equity Investment

Equity Investment	6 Months Ended
	Jun. 30, 2019
Equity Method Investment, Summarized Financial Information [Abstract]
Equity Investment	Equity Investment As of both June 30, 2019 and December 31, 2018 , the Company owned a 43.6% non-controlling interest in Matrix. Pursuant to a shareholder’s agreement, affiliates of Frazier Healthcare Partners hold rights necessary to control the fundamental operations of Matrix. The Company accounts for this investment in Matrix under the equity method of accounting with the Company’s share of Matrix’s income or losses recorded as “Equity in net loss of investee” in the accompanying condensed consolidated statements of operations. The carrying amount of the assets included in the Company’s condensed consolidated balance sheets and the maximum loss exposure related to the Company’s interest in Matrix as of June 30, 2019 and December 31, 2018 totaled $157,948 and $161,503 , respectively. Summary financial information for Matrix on a standalone basis is as follows: June 30, 2019 December 31, 2018 Current assets $ 65,317 $ 61,565 Long-term assets 703,622 719,450 Current liabilities 26,226 27,619 Long-term liabilities 369,178 373,159 Three months ended Three months ended June 30, 2018 Revenue $ 72,161 $ 78,409 Operating income 1,543 4,627 Net loss (3,661 ) (869 ) Six months ended June 30, 2019 Six months ended June 30, 2018 Revenue $ 139,144 $ 145,839 Operating income 2,098 3,838 Net loss (8,148 ) (9,387 )

Prepaid Expenses and Other

Prepaid Expenses and Other	6 Months Ended
	Jun. 30, 2019
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid Expenses and Other	Prepaid Expenses and Other Prepaid expenses and other were comprised of the following: June 30, December 31, Prepaid income taxes $ 30,516 $ 35,207 Prepaid insurance 2,340 1,308 Prepaid rent 854 828 Other prepaid expenses 6,108 6,824 Total prepaid expenses and other $ 39,818 $ 44,167

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2019
Accrued Liabilities, Current [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following: June 30, December 31, 2018 Accrued compensation $ 12,462 $ 11,050 NET Services accrued contract payments 20,896 9,756 Accrued cash settled stock-based compensation 2,954 3,719 Other accrued expenses 13,463 14,666 Total accrued expenses $ 49,775 $ 39,191

Restructuring and Related Reorg

Restructuring and Related Reorganization Costs	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Organization Costs	Restructuring and Related Reorganization Costs On April 11, 2018, the Company announced the Organizational Consolidation to transfer all job responsibilities previously performed by employees of the holding company to LogistiCare and to close the corporate offices in Stamford, Connecticut and Tucson, Arizona. The Company adopted an employee retention plan designed to retain the holding company level employees during the transition. The employee retention plan became effective on April 9, 2018 and provided for certain payments and benefits to these employees if they remain employed with the Company through a retention date established for each individual, subject to a fully executed retention letter. The Organizational Consolidation was completed during the second quarter of 2019. A total of $1,344 and $3,355 in restructuring and related costs was incurred during the three and six months ended June 30, 2019 , respectively, related to the Organizational Consolidation. These costs include, respectively, $823 and $2,217 of retention and personnel costs, $89 and $279 of stock-based compensation expense, $93 and $236 of depreciation and $339 and $623 of other costs, primarily related to recruiting and legal costs. These costs are recorded as “General and administrative expense” and “Depreciation and amortization” in the accompanying condensed consolidated statements of operations. A total of $12,152 in restructuring and related costs was incurred on a cumulative basis through June 30, 2019 related to the Organizational Consolidation. These costs include $7,314 of retention and personnel costs, $2,011 of stock-based compensation expense, $673 of depreciation and $2,154 of other costs, primarily related to recruiting and legal costs. These costs are recorded as “General and administrative expense” and “Depreciation and amortization” in the accompanying condensed consolidated statements of operations. The summary of the liability for restructuring and related reorganization costs is as follows: January 1, Costs Incurred Cash Payments and Adjustments June 30, 2019 Retention and personnel liability $ 1,956 $ 2,217 $ (3,084 ) $ 1,089 Other liability 398 623 (1,021 ) — Total $ 2,354 $ 2,840 $ (4,105 ) $ 1,089 January 1, Costs Cash Payments June 30, 2018 Retention and personnel liability $ — $ 708 $ — $ 708 Other liability — 778 (578 ) 200 Total $ — $ 1,486 $ (578 ) $ 908 The total restructuring liability at June 30, 2019 includes $1,089 classified as “Accrued expenses” in the condensed consolidated balance sheets. The total restructuring liability at December 31, 2018 includes $2,124 classified as “Accrued expenses” and $230 classified as “Accounts payable” in the condensed consolidated balance sheets.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases Effective January 1, 2019, as described more fully in Note 2, Significant Accounting Policies and Recent Accounting Pronouncements , the Company adopted ASC 842 and recognized lease obligations and associated ROU assets for its existing non-cancelable operating leases. The Company has non-cancelable operating leases primarily associated with office space, related office equipment and other facilities. The leases expire in various years and generally provide for renewal options. In the normal course of business, management expects that these leases will be renewed or replaced by leases on other properties. Certain operating leases provide for increases in future minimum annual rental payments based on defined increases in the Consumer Price Index, subject to certain minimum increases. Several of these lease agreements contain provisions for periods in which rent payments are reduced. The total amount of rental payments due over the lease term is recorded as rent expense on a straight-line basis over the term of the lease. A summary of all lease classifications in our condensed consolidated balance sheet is as follows: Leases Classification June 30, 2019 Assets Operating lease assets Operating lease ROU assets $ 19,354 Finance lease assets Property and equipment, net (1) 483 Total leased assets $ 19,837 Liabilities Current: Operating Current portion of operating lease liabilities $ 6,892 Finance Current portion of long-term obligations 308 Long-term: Operating Operating lease liabilities, less current portion 13,810 Finance Long-term obligations, less current portion 199 Total lease liabilities $ 21,209 (1) Finance leased assets are recorded net of accumulated amortization of $ 208 . As of June 30, 2019 , maturities of lease liabilities are as follows: Operating Leases Finance Leases Total Remainder of 2019 $ 5,468 $ 161 $ 5,629 2020 8,328 322 8,650 2021 5,733 45 5,778 2022 4,742 — 4,742 2023 2,704 — 2,704 Thereafter 2,118 — 2,118 Total lease payments 29,093 528 29,621 Less: interest and accretion (8,391 ) (21 ) (8,412 ) Present value of minimum lease payments 20,702 507 21,209 Less: current portion (6,892 ) (308 ) (7,200 ) Long-term portion $ 13,810 $ 199 $ 14,009 As of December 31, 2018, maturities of lease liabilities are as follows: Operating Leases Finance Leases Total 2019 $ 8,825 $ 718 $ 9,543 2020 6,452 308 6,760 2021 4,594 45 4,639 2022 3,801 — 3,801 2023 1,767 — 1,767 Thereafter 1,600 — 1,600 Total lease payments $ 27,039 $ 1,071 $ 28,110 Lease terms and discount rates are as follows: June 30, 2019 Weighted-average remaining lease term (years): Operating lease costs 3.9 Finance lease cost 1.8 Weighted-average discount rate: Operating lease costs 5.3 % Finance lease cost 3.3 % For the three and six months ended June 30, 2019 , our operating lease costs were $2,602 and $5,200 and are included in "General and administrative expense” on our accompanying condensed consolidated statements of operations. A summary of other lease information is as follows: Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Financing cash flows from finance leases $ (421 ) $ (566 ) Operating cash flows from operating leases (2,707 ) (5,393 ) Amortization of operating leased ROU assets to the operating lease liability 3,131 5,463 ROU assets obtained through operating lease liabilities 1,039 1,282
Leases	Leases Effective January 1, 2019, as described more fully in Note 2, Significant Accounting Policies and Recent Accounting Pronouncements , the Company adopted ASC 842 and recognized lease obligations and associated ROU assets for its existing non-cancelable operating leases. The Company has non-cancelable operating leases primarily associated with office space, related office equipment and other facilities. The leases expire in various years and generally provide for renewal options. In the normal course of business, management expects that these leases will be renewed or replaced by leases on other properties. Certain operating leases provide for increases in future minimum annual rental payments based on defined increases in the Consumer Price Index, subject to certain minimum increases. Several of these lease agreements contain provisions for periods in which rent payments are reduced. The total amount of rental payments due over the lease term is recorded as rent expense on a straight-line basis over the term of the lease. A summary of all lease classifications in our condensed consolidated balance sheet is as follows: Leases Classification June 30, 2019 Assets Operating lease assets Operating lease ROU assets $ 19,354 Finance lease assets Property and equipment, net (1) 483 Total leased assets $ 19,837 Liabilities Current: Operating Current portion of operating lease liabilities $ 6,892 Finance Current portion of long-term obligations 308 Long-term: Operating Operating lease liabilities, less current portion 13,810 Finance Long-term obligations, less current portion 199 Total lease liabilities $ 21,209 (1) Finance leased assets are recorded net of accumulated amortization of $ 208 . As of June 30, 2019 , maturities of lease liabilities are as follows: Operating Leases Finance Leases Total Remainder of 2019 $ 5,468 $ 161 $ 5,629 2020 8,328 322 8,650 2021 5,733 45 5,778 2022 4,742 — 4,742 2023 2,704 — 2,704 Thereafter 2,118 — 2,118 Total lease payments 29,093 528 29,621 Less: interest and accretion (8,391 ) (21 ) (8,412 ) Present value of minimum lease payments 20,702 507 21,209 Less: current portion (6,892 ) (308 ) (7,200 ) Long-term portion $ 13,810 $ 199 $ 14,009 As of December 31, 2018, maturities of lease liabilities are as follows: Operating Leases Finance Leases Total 2019 $ 8,825 $ 718 $ 9,543 2020 6,452 308 6,760 2021 4,594 45 4,639 2022 3,801 — 3,801 2023 1,767 — 1,767 Thereafter 1,600 — 1,600 Total lease payments $ 27,039 $ 1,071 $ 28,110 Lease terms and discount rates are as follows: June 30, 2019 Weighted-average remaining lease term (years): Operating lease costs 3.9 Finance lease cost 1.8 Weighted-average discount rate: Operating lease costs 5.3 % Finance lease cost 3.3 % For the three and six months ended June 30, 2019 , our operating lease costs were $2,602 and $5,200 and are included in "General and administrative expense” on our accompanying condensed consolidated statements of operations. A summary of other lease information is as follows: Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Financing cash flows from finance leases $ (421 ) $ (566 ) Operating cash flows from operating leases (2,707 ) (5,393 ) Amortization of operating leased ROU assets to the operating lease liability 3,131 5,463 ROU assets obtained through operating lease liabilities 1,039 1,282

Stock-Based Compensation and Si

Stock-Based Compensation and Similar Arrangements	6 Months Ended
	Jun. 30, 2019
Share-based Compensation [Abstract]
Stock-Based Compensation and Similar Arrangements	Stock-Based Compensation and Similar Arrangements The Company provides stock-based compensation to employees and non-employee directors under the Company’s 2006 Long-Term Incentive Plan (“2006 Plan”). Typical awards issued under this plan include stock option awards, restricted stock awards (“RSAs”) and performance based restricted stock units (“PRSUs”). The following table reflects the amount of stock-based compensation for continuing operations, for share settled awards, recorded in each financial statement line item for the three and six months ended June 30, 2019 and 2018 : Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 General and administrative expense $ 1,289 $ 3,345 3,392 4,273 Equity in net loss of investee — 102 — 161 Total stock-based compensation $ 1,289 $ 3,447 $ 3,392 $ 4,434 At June 30, 2019 , the Company had 615,301 stock options outstanding with a weighted-average exercise price of $62.69 . The Company also had 51,799 shares of unvested RSAs outstanding at June 30, 2019 with a weighted-average grant date fair value of $61.29 . Awards Granted to the Interim Chief Executive Officer On February 1, 2019, the Company entered into an agreement for a base salary and the eligibility of a cash bonus with R. Carter Pate for his continued employment as the Company’s Interim CEO through December 31, 2019. In addition, the agreement granted Mr. Pate an award of 23,317 shares of restricted stock (the “Restricted Shares”), representing a value of $1,500 based on the closing price per share of the Company’s stock on the grant date. The Restricted Shares will vest if Mr. Pate remains employed with the Company through December 31, 2019. If the Company terminates Mr. Pate’s employment during 2019 because his services are no longer required, the Restricted Shares will vest and Mr. Pate will be entitled to the remaining unpaid portion of his 2019 base salary and payment of the 2019 bonus in an amount based on actual achievement of the performance measures. If a change in control of the Company occurs during 2019, the Restricted Shares will vest and Mr. Pate will be entitled to the remaining unpaid portion of his 2019 base salary and payment of the 2019 bonus at the target level. Cash-Settled Awards The Company also grants stock equivalent unit awards (“SEUs”) and stock option equivalent units that are cash-settled awards and are not included as part of the 2006 Plan. During the three months ended June 30, 2019 and June 30, 2018 , the Company recorded $1,762 of stock-based compensation income and $1,795 of stock-based compensation expense for cash-settled awards, respectively. During the six months ended June 30, 2019 and June 30, 2018 , the Company recorded $573 of stock-based compensation income and $3,626 of stock-based compensation expense for cash-settled awards, respectively. The expense for cash-settled awards is included as “General and administrative expense” in the accompanying condensed consolidated statements of operations. As the instruments are accounted for as liability awards, the income or expense recorded for the three and six months ended June 30, 2019 and 2018 is almost entirely attributable to the Company’s change in stock price from the previous reporting period. The liability for unexercised cash-settled share-based payment awards of $2,954 and $3,719 at June 30, 2019 and December 31, 2018 , respectively, is reflected in “Accrued expenses” in the condensed consolidated balance sheets. At June 30, 2019 , the Company had 4,234 SEUs and 200,000 stock option equivalent units outstanding. Long-Term Incentive Plans In connection with the acquisition of Circulation during 2018, the Company established a management incentive plan (“MIP”) that is intended to motivate key employees of Circulation. During the three months ended March 31, 2019, the MIP was amended to remove the previously included performance requirements and to provide for a total fixed payment of $12,000 to the group of MIP participants. The payout date is within 30 days following the finalization of the Company’s audited financial statements for the fiscal year ending December 31, 2021 and the payout is subject to the participant remaining employed by the Company through December 31, 2021, except for certain termination scenarios. As of June 30, 2019 and December 31, 2018, the Company has accrued $2,808 and $1,441

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table details the computation of basic and diluted (loss) earnings per share: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Numerator: Net loss attributable to Providence $ (1,712 ) $ (11,215 ) $ (1,129 ) $ (5,785 ) Less dividends on convertible preferred stock (1,098 ) (1,106 ) (2,185 ) (2,195 ) Less income allocated to participating securities — — — — Net loss available to common stockholders $ (2,810 ) $ (12,321 ) $ (3,314 ) $ (7,980 ) Continuing operations $ (4,507 ) $ 1,045 $ (4,280 ) $ 7,083 Discontinued operations 1,697 (13,366 ) 966 (15,063 ) Net loss available to common stockholders $ (2,810 ) $ (12,321 ) $ (3,314 ) $ (7,980 ) Denominator: Denominator for basic earnings per share -- weighted-average shares 12,973,496 13,008,106 12,937,054 13,056,765 Effect of dilutive securities: Common stock options — 80,076 — 84,433 Denominator for diluted earnings per share -- adjusted weighted-average shares assumed conversion 12,973,496 13,088,182 12,937,054 13,141,198 Basic (loss) earnings per share: Continuing operations $ (0.35 ) $ 0.08 $ (0.33 ) $ 0.54 Discontinued operations 0.13 (1.03 ) 0.07 (1.15 ) Basic loss per share $ (0.22 ) $ (0.95 ) $ (0.26 ) $ (0.61 ) Diluted (loss) earnings per share: Continuing operations $ (0.35 ) $ 0.08 $ (0.33 ) $ 0.54 Discontinued operations 0.13 (1.02 ) 0.07 (1.15 ) Diluted loss per share $ (0.22 ) $ (0.94 ) $ (0.26 ) $ (0.61 ) Income allocated to participating securities is calculated by allocating a portion of net income attributable to Providence, less dividends on convertible stock, to the convertible preferred stockholders on a pro-rata, as converted basis; however, the convertible preferred stockholders are not allocated losses. The following weighted-average shares were not included in the computation of diluted earnings per share as the effect of their inclusion would have been anti-dilutive: Three months ended June 30, 2019 2018 Stock options to purchase common stock 560,849 386,721 Convertible preferred stock 801,391 803,165 Six months ended June 30, 2019 2018 Stock options to purchase common stock 587,282 238,806 Convertible preferred stock 801,498 803,182

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate from continuing operations for the three and six months ended June 30, 2019 was 29.0% and 35.6% , respectively. The effective tax rate from continuing operations for the three and six months ended June 30, 2018 was 35.1% and 24.7% , respectively.These effective tax rates from continuing operations were higher than the U.S. federal statutory rate of 21.0% primarily due to state income taxes and certain non-deductible expenses offset, in part, by the favorable impact of stock option deductions. As discussed in Note 15, Discontinued Operations , the Company transferred its operations in Saudi Arabia to its contractual counterparties on January 1, 2019. In connection with the dissolution of its Saudi Arabia legal entity, the Company is protesting withholding tax and income tax assessments for the years 2012 through 2017. The Company does not believe this will have a material adverse effect on its financial condition or results of discontinued operations.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Debt Subsequent to June 30, 2019, the Company and certain of its subsidiaries entered into the Sixth Amendment to the Amended and Restated Credit and Guaranty Agreement (the “Amendment”), amending the Amended and Restated Credit and Guaranty Agreement dated as of August 2, 2013 (as amended to date, the “Credit Agreement”), by and among the Company, the guarantors from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A. as administrative agent. The Amendment extends the maturity date of the Credit Agreement to August 2, 2020. As of June 30, 2019, the Company had no amounts outstanding under the Credit Agreement. Legal proceedings In the ordinary course of business, the Company is a party to various lawsuits. Management does not expect these lawsuits to have a material impact on the liquidity, results of operations, or financial condition of the Company. On January 21, 2019, the United States District Court for the Southern District of Ohio unsealed a qui tam complaint, filed in December 2015, against Mobile Care Group, Inc., Mobile Care Group of Ohio, LLC, Mobile Care EMS & Transport, Inc. and LogistiCare Solutions, LLC (“LogistiCare”) by Brandee White, Laura Cunningham, and Jeffery Wisier (the “Relators”) alleging violations of the federal False Claims Act by presenting claims for payment to government healthcare programs knowing that the prerequisites for such claims to be paid had not been met. The Relators seek to recover damages, fees and costs under the federal False Claims Act including treble damages, civil penalties and attorneys’ fees. In addition, the Relators seek reinstatement to their jobs with the Mobile Care entities. None of the Relators was employed by LogistiCare. Prior to January 21, 2019, LogistiCare had no knowledge of the complaint. The federal government has declined to intervene against LogistiCare. The Company filed a motion to dismiss the Complaint on April 22, 2019, and believes that the case will not have a material adverse effect on its business, financial condition or results of operations. On March 1, 2019, Meher Patel filed suit against the Company in the Superior Court of the State of California, Tuolumne County, on behalf of herself and as a class action on behalf of others similarly situated, asserting violations under the California Labor Code relating to the alleged failure by LogistiCare to comply with certain applicable state wage and related employment requirements, as well as claims of breach of contract and breach of the implied covenant of good faith and fair dealing. The plaintiff seeks to recover an unspecified amount of damages and penalties, as well as certification as a class action. No amounts have been accrued for any potential losses under this matter, as management cannot reasonably predict the outcome of the litigation or any potential losses. The Company intends to defend the litigation vigorously and believes that the case will not have a material adverse effect on its business, financial condition or results of operations. Indemnifications The Company provided certain standard indemnifications in connection with the sale of the Human Services segment to Molina Healthcare Inc. (“Molina”) effective November 1, 2015. Certain representations made by the Company in the related Membership Interest Purchase Agreement (the “Purchase Agreement”) including tax representations, survive until the expiration of applicable statutes of limitation. Molina and the Company entered into a settlement agreement regarding indemnification claims by Molina with respect to Rodriguez v. Providence Community Corrections (the “Rodriguez Litigation”), a complaint filed in the District Court for the Middle District of Tennessee, Nashville Division, against Providence Community Corrections, Inc. (“PCC”), an entity sold under the Purchase Agreement. The Company expects to recover a portion of the settlement through insurance coverage, although this cannot be assured. The Company has provided certain standard indemnifications in connection with its Matrix stock subscription transaction whereby Mercury Fortuna Buyer, LLC (“Subscriber”), Providence and Matrix entered into a stock subscription agreement (the “Subscription Agreement”), dated August 28, 2016. The representations and warranties made by the Company in the Subscription Agreement ended January 19, 2018; however, certain fundamental representations survive through the 36th month following the closing date. The covenants and agreements of the parties to be performed prior to the closing ended January 19, 2018, and all other covenants and agreements survive until the expiration of the applicable statute of limitations in the event of a breach, or for such lesser periods specified therein. The Company is not aware of any indemnification liabilities with respect to Matrix that require accrual at June 30, 2019 . The Company has provided certain standard indemnifications in connection with the sale of substantially all of its WD Services segment to Advanced Personnel Management Global Pty Ltd of Australia (“APM”), which closed on December 21, 2018. The non-title warranties made by the Company in the related Share Purchase Agreement survive for 18 months following the closing date, and the title-related warranties and tax warranties survive five years from the closing date. The Company is not aware of any indemnification liabilities with respect to the former WD Services segment that require accrual at June 30, 2019. On May 9, 2018, the Company entered into a registration indemnification agreement with Coliseum Capital Partners, L.P., Coliseum Capital Partners II, L.P., Blackwell Partners, LLC - Series A and Coliseum Capital Co-Invest, L.P. (collectively, the “Coliseum Stockholders”), who as of June 30, 2019 collectively held approximately 9.4% of the Company’s outstanding common stock and approximately 95.7% of the Company’s outstanding Preferred Stock, pursuant to which the Company has agreed to indemnify the Coliseum Stockholders, and the Coliseum Stockholders have agreed to indemnify the Company, against certain matters relating to the registration of the selling stockholders’ securities for resale under the Securities Act of 1933, as amended (the “Securities Act”).

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Transactions with Related Parties	Transactions with Related Parties Convertible preferred stock dividends earned by the Coliseum Stockholders during the three months ended June 30, 2019 and 2018 totaled $1,050 in both periods. Convertible preferred stock dividends earned by the Coliseum Stockholders during the six months ended June 30, 2019 and 2018 totaled $2,089 in both periods.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On December 21, 2018, the Company completed the sale of substantially all of the operating subsidiaries of its WD Services segment to APM and APM UK Holdings Limited, an affiliate of APM, except for the segment’s employment services operations in Saudi Arabia. The Company’s contractual counterparties in Saudi Arabia, including an entity owned by the Saudi Arabian government, assumed these operations beginning January 1, 2019. On June 11, 2018, the Company entered into a Share Purchase Agreement to sell the shares of Ingeus France, its WD Services operation in France, for a de minimis amount. The sale was effective on July 17, 2018. On November 1, 2015, the Company completed the sale of its Human Services segment. During the three and six months ended June 30, 2019 and 2018 , the Company recorded additional expenses related to the Human Services segment, principally related to previously disclosed legal proceedings. Results of Operations The following tables summarize the results of operations classified as discontinued operations, net of tax, for the three and six months ended June 30, 2019 and 2018 : Three Months Ended June 30, 2019 Human Services WD Services Total Discontinued Operating expenses: General and administrative expense (income) $ 72 $ (2,805 ) $ (2,733 ) Total operating expense (income) 72 (2,805 ) (2,733 ) Operating (loss) income (72 ) 2,805 2,733 (Loss) income from discontinued operations before income taxes (72 ) 2,805 2,733 Benefit (provision) for income taxes 17 (1,053 ) (1,036 ) (Loss) income from discontinued operations, net of tax $ (55 ) $ 1,752 $ 1,697 Six Months Ended June 30, 2019 Human Services WD Services Total Discontinued Operating expenses: General and administrative expense (income) $ 217 $ (2,097 ) $ (1,880 ) Total operating expense (income) 217 (2,097 ) (1,880 ) Operating (loss) income (217 ) 2,097 1,880 (Loss) income from discontinued operations before income taxes (217 ) 2,097 1,880 Benefit (provision) for income taxes 53 (967 ) (914 ) (Loss) income from discontinued operations, net of tax $ (164 ) $ 1,130 $ 966 Three Months Ended June 30, 2018 Human Services WD Services Total Discontinued Service revenue, net $ — $ 68,058 $ 68,058 Operating expenses: Service expense — 60,944 60,944 General and administrative expense 65 7,524 7,589 Asset impairment charge — 9,203 9,203 Depreciation and amortization — 3,131 3,131 Total operating expenses 65 80,802 80,867 Operating loss (65 ) (12,744 ) (12,809 ) Other income (expense): Interest expense, net — (13 ) (13 ) Gain on foreign currency transactions — 6 6 Equity in net gain of investee — 27 27 Loss from discontinued operations before income taxes (65 ) (12,724 ) (12,789 ) Benefit (provision) for income taxes 16 (593 ) (577 ) Loss from discontinued operations, net of tax $ (49 ) $ (13,317 ) $ (13,366 ) Six Months Ended June 30, 2018 Human Services WD Services Total Discontinued Service revenue, net $ — $ 137,408 $ 137,408 Operating expenses: Service expense — 121,479 121,479 General and administrative expense 76 15,626 15,702 Asset impairment charge — 9,203 9,203 Depreciation and amortization — 6,349 6,349 Total operating expenses 76 152,657 152,733 Operating loss (76 ) (15,249 ) (15,325 ) Other income (expense): Interest expense, net — (12 ) (12 ) Gain on foreign currency transactions — 630 630 Equity in net gain of investee — 51 51 Loss from discontinued operations before income taxes (76 ) (14,580 ) (14,656 ) Benefit (provision) for income taxes 19 (426 ) (407 ) Loss from discontinued operations, net of tax $ (57 ) $ (15,006 ) $ (15,063 ) Assets and liabilities The following table summarizes the carrying amounts of the major classes of assets and liabilities of discontinued operations in the condensed consolidated balance sheets as of June 30, 2019 and December 31, 2018 . Amounts represent the accounts of WD Services operations in Saudi Arabia, which were not sold as part of the WD Services sale. June 30, December 31, 2019 2018 Cash and cash equivalents $ 889 $ 2,321 Accounts receivable, net of allowance of $0 in 2019 and $3,460 in 2018 3,467 4,316 Prepaid expenses and other (175 ) 414 Current assets of discontinued operations $ 4,181 $ 7,051 Accounts payable $ 166 $ 486 Accrued expenses 1,114 2,771 Current liabilities of discontinued operations $ 1,280 $ 3,257 Deferred tax liabilities $ 713 $ — Noncurrent liabilities of discontinued operations $ 713 $ — Cash Flow Information The following table presents cash flow information of the discontinued operations for the six months ended June 30, 2019 and 2018 : Six Months Ended June 30, 2019 WD Services Segment Cash flow information from discontinued operating activities: Deferred income taxes $ 646 Six Months Ended June 30, 2018 WD Services Segment Cash flow information from discontinued operating activities: Depreciation $ 3,697 Amortization 2,652 Stock-based compensation 6 Deferred income taxes (2,175 ) Cash flows from discontinued investing activities: Purchase of property and equipment $ 3,198

Segments

Segments	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segments	Segments Effective January 1, 2019, the Company substantially completed its Organizational Consolidation changing from a holding company that previously owned a portfolio of companies to an operating company structure that provides NET services and has an investment in Matrix. As a result, beginning January 1, 2019, the Company’s chief operating decision maker reviews financial performance and allocates resources based on two segments as follows: • NET Services - which operates primarily under the brands LogistiCare and Circulation, is the largest manager of NET programs for state governments and MCOs in the U.S and includes the Company’s activities for executive, accounting, finance, internal audit, tax, legal, certain strategic and development functions and the Company’s captive insurance company. • Matrix Investment - which consists of a minority investment in Matrix, a nationwide provider of home and mobile-based healthcare services for health plans in the U.S., including CHAs, quality gap closure visits, “level of service” needs assessments, and post-acute and chronic care management, providing such services through a network of community-based clinicians, and a fleet of mobile health clinics with advanced diagnostics capabilities. We have reclassified prior period segment amounts to conform to the current presentation, which are summarized as follows: Three Months Ended June 30, 2018 As Previously Reported (1) Segment Reclassification Other Reclassification (Note 1) As Reported General and administrative : NET Services $ 2,770 $ 8,984 $ 6,385 $ 18,139 Corporate and Other 8,984 (8,984 ) — — Depreciation and amortization: NET Services 3,511 236 — 3,747 Corporate and Other 236 (236 ) — — Operating income (loss) : NET Services 12,379 (8,948 ) — 3,431 Corporate and Other (8,948 ) 8,948 — — (1) Adjusted for discontinued operations, as described in Note 15. Six Months Ended June 30, 2018 As Previously Reported (1) Segment Reclassification Other Reclassification (Note 1) As Reported General and administrative: NET Services $ 5,218 $ 16,848 $ 13,971 $ 36,037 Corporate and Other 16,848 (16,848 ) — — Depreciation and amortization: NET Services 7,005 322 — 7,327 Corporate and Other 322 (322 ) — — Operating income (loss): NET Services 32,433 (16,899 ) — 15,534 Corporate and Other (16,899 ) 16,899 — — The following tables set forth certain financial information from continuing operations attributable to the Company’s business segments: Three months ended June 30, 2019 NET Services Matrix Investment Total Service revenue, net $ 363,911 $ — $ 363,911 Service expense 345,948 — 345,948 General and administrative expense 16,860 — 16,860 Depreciation and amortization 4,353 — 4,353 Operating loss $ (3,250 ) $ — $ (3,250 ) Equity in net loss of investee $ — $ (1,315 ) $ (1,315 ) June 30, 2019 Total assets (continuing operations) $ 443,703 $ 157,948 $ 601,651 Six Months Ended June 30, 2019 NET Services Matrix Total Service revenue, net $ 731,726 $ — $ 731,726 Service expense 686,446 — 686,446 General and administrative expense 36,262 — 36,262 Depreciation and amortization 8,827 — 8,827 Operating income $ 191 $ — $ 191 Equity in net loss of investee $ — $ (2,971 ) $ (2,971 ) Three months ended June 30, 2018 NET Services Matrix Investment Total Service revenue, net $ 343,736 $ — $ 343,736 Service expense 317,741 — 317,741 General and administrative expense 18,139 — 18,139 Asset impairment charge 678 — 678 Depreciation and amortization 3,747 — 3,747 Operating income $ 3,431 $ — $ 3,431 Equity in net loss of investee $ — $ (174 ) $ (174 ) Six Months Ended June 30, 2018 NET Services Matrix Total Service revenue, net $ 680,432 $ — $ 680,432 Service expense 620,856 — 620,856 General and administrative expense 36,037 — 36,037 Asset impairment charge 678 — 678 Depreciation and amortization 7,327 — 7,327 Operating income $ 15,534 $ — $ 15,534 Equity in net loss of investee $ — $ (2,519 ) $ (2,519 )

Significant Accounting Polici_2

Significant Accounting Policies and Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting	Basis of Presentation The Company follows accounting standards set by the Financial Accounting Standards Board (“FASB”). The FASB establishes accounting principles generally accepted in the United States (“GAAP”). Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification (“ASC”), which serves as the single source of authoritative non-SEC accounting and applicable reporting standards to be applied for non-governmental entities. All amounts are presented in U.S. dollars, unless otherwise noted. The Company’s condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information, and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and disclosures required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for the fair presentation of the results of the interim periods have been included. The Company has made estimates relating to the reporting of assets and liabilities, revenues and expenses and certain disclosures in the preparation of these condensed consolidated financial statements in conformity with GAAP. Actual results could differ from those estimates. Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2019 . Management has evaluated events and transactions that occurred after the balance sheet date and through the date these condensed consolidated financial statements were filed with the SEC and considered the effect of such events in the preparation of these condensed consolidated financial statements. The condensed consolidated balance sheet at December 31, 2018 has been derived from audited financial statements at that date but does not include all the information and footnotes required by GAAP for complete financial statements. The condensed consolidated financial statements contained herein should be read in conjunction with the audited financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 .
Reclassifications	Reclassifications In conjunction with the change in the Company’s organizational structure as described in Note 16, Segments , we reclassified certain costs between “General and administrative expense” and “Service expense” on our accompanying condensed consolidated statements of operations as summarized below: Three Months Ended June 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 324,126 $ (6,385 ) $ 317,741 General and administrative expense 11,754 6,385 18,139 Six Months Ended June 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 634,827 $ (13,971 ) $ 620,856 General and administrative expense 22,066 13,971 36,037 (1) Adjusted for discontinued operations, as described in Note 15.
New Accounting Pronouncements	The Company adopted the following accounting pronouncements during the six months ended June 30, 2019 : In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 introduced FASB Accounting Standards Codification Topic 842 (“ASC 842”), which replaced ASC 840, Leases . In July 2018, the FASB issued ASU No. 2018-10, Codification Improvements to Topic 842 (Leases) (“ASU 2018-10”), which provides narrow amendments to clarify how to apply certain aspects of the new lease standard. Additionally, in July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements (“ASU 2018-11”). ASU 2018-11 provides a new transition method and a practical expedient for separating components of a leasing contract. The Company has not entered into significant lease agreements in which it is the lessor; however, the Company does have lease agreements in which it is the lessee. Under ASC 842, lessees are required to recognize a lease liability and right-of-use ( “ ROU ” ) asset for all leases (with the exception of short-term leases) at the lease commencement date. Effective January 1, 2019, the Company adopted this guidance, applied the modified retrospective transition method and elected the transition option to use the effective date as the date of initial application. The Company recognized the cumulative effect of the transition adjustment on the condensed consolidated balance sheet as of the effective date and did not provide any new lease disclosures for periods before the effective date. With respect to the practical expedients, the Company elected the package of transitional-related practical expedients and the practical expedient not to separate lease and non-lease components. At January 1, 2019, the Company recorded $23,165 and $24,491 of additional ROU leased assets and liabilities, respectively, on its condensed consolidated balance sheet. The adoption did not have a material impact on the statement of operations. See Note 9, Leases , for further information. In August 2018, the SEC adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the analysis of stockholders’ equity for interim financial statements. Under the amendments, an analysis of changes in each caption of stockholders’ equity presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of comprehensive income is required to be filed. The Company adopted this new rule in the quarter ended March 31, 2019 by including the condensed consolidated statements of stockholders’ equity. Recent accounting pronouncements that the Company has yet to adopt are as follows: In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) (“ASU 2016-13”). The amendments in ASU 2016-13 will supersede or clarify much of the existing guidance for reporting credit losses for assets held at amortized cost basis and available for sale debt securities. The amendments in ASU 2016-13 affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for financial statements issued for fiscal years beginning after December 15, 2019, with early adoption permitted for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of ASU 2016-13 on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). ASU 2018-13 removes certain disclosures, modifies certain disclosures and added additional disclosures. The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. ASU 2018-13 requires certain disclosures to be applied on a retrospective basis and others on a prospective basis. The Company is currently evaluating the impact of ASU 2018-13 on its consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract (“ASU 2018-15”). ASU 2018-15 will align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of ASU 2018-15 on its consolidated financial statements.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prior Period Adjustments	In conjunction with the change in the Company’s organizational structure as described in Note 16, Segments , we reclassified certain costs between “General and administrative expense” and “Service expense” on our accompanying condensed consolidated statements of operations as summarized below: Three Months Ended June 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 324,126 $ (6,385 ) $ 317,741 General and administrative expense 11,754 6,385 18,139 Six Months Ended June 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 634,827 $ (13,971 ) $ 620,856 General and administrative expense 22,066 13,971 36,037 (1) Adjusted for discontinued operations, as described in Note 15.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes disaggregated revenue from contracts with customers by contract type for NET Services: Three months ended June 30, 2019 Three Months Ended June 30, 2018 State Medicaid agency contracts $ 177,773 $ 183,459 Managed care organization contracts 186,138 160,277 Total Service revenue, net $ 363,911 $ 343,736 Capitated contracts $ 308,690 $ 286,994 Non-capitated contracts 55,221 56,742 Total Service revenue, net $ 363,911 $ 343,736 Six months ended June 30, 2019 Six months ended June 30, 2018 State Medicaid agency contracts $ 354,741 $ 360,748 Managed care organization contracts 376,985 319,684 Total Service revenue, net $ 731,726 $ 680,432 Capitated contracts $ 613,262 $ 571,395 Non-capitated contracts 118,464 109,037 Total Service revenue, net $ 731,726 $ 680,432
Schedule of Accounts Receivable	The following table provides information about accounts receivable, net: June 30, 2019 December 31, 2018 Accounts receivable $ 99,656 $ 101,340 NET Services’ reconciliation contract receivable 57,328 48,270 Allowance for doubtful accounts (2,120 ) (1,854 ) $ 154,864 $ 147,756
Other Account Liabilities	The following table provides information about other accounts included on the accompanying condensed consolidated balance sheets: June 30, 2019 December 31, 2018 Accrued contract payments, included in “ accrued expenses ” $ 20,896 $ 9,756 Deferred revenue, current 232 562 Deferred revenue, long-term, included in “ other long-term liabilities ” 860 963

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2019
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows: June 30, 2019 June 30, 2018 Cash and cash equivalents $ 29,804 $ 29,700 Restricted cash, current 1,832 1,868 Current assets of discontinued operations 889 5,141 Restricted cash, less current portion 1,896 3,260 Cash, cash equivalents and restricted cash $ 34,421 $ 39,969

Equity Investment (Tables)

Equity Investment (Tables)	6 Months Ended
	Jun. 30, 2019
Equity Method Investment, Summarized Financial Information [Abstract]
Income Statement and Balance Sheet Disclosure	Summary financial information for Matrix on a standalone basis is as follows: June 30, 2019 December 31, 2018 Current assets $ 65,317 $ 61,565 Long-term assets 703,622 719,450 Current liabilities 26,226 27,619 Long-term liabilities 369,178 373,159 Three months ended Three months ended June 30, 2018 Revenue $ 72,161 $ 78,409 Operating income 1,543 4,627 Net loss (3,661 ) (869 ) Six months ended June 30, 2019 Six months ended June 30, 2018 Revenue $ 139,144 $ 145,839 Operating income 2,098 3,838 Net loss (8,148 ) (9,387 )

Prepaid Expenses and Other (Tab

Prepaid Expenses and Other (Tables)	6 Months Ended
	Jun. 30, 2019
Prepaid Expense and Other Assets, Current [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure	Prepaid expenses and other were comprised of the following: June 30, December 31, Prepaid income taxes $ 30,516 $ 35,207 Prepaid insurance 2,340 1,308 Prepaid rent 854 828 Other prepaid expenses 6,108 6,824 Total prepaid expenses and other $ 39,818 $ 44,167

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2019
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued expenses consisted of the following: June 30, December 31, 2018 Accrued compensation $ 12,462 $ 11,050 NET Services accrued contract payments 20,896 9,756 Accrued cash settled stock-based compensation 2,954 3,719 Other accrued expenses 13,463 14,666 Total accrued expenses $ 49,775 $ 39,191

Restructuring and Related Reo_2

Restructuring and Related Reorganization Costs (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The summary of the liability for restructuring and related reorganization costs is as follows: January 1, Costs Incurred Cash Payments and Adjustments June 30, 2019 Retention and personnel liability $ 1,956 $ 2,217 $ (3,084 ) $ 1,089 Other liability 398 623 (1,021 ) — Total $ 2,354 $ 2,840 $ (4,105 ) $ 1,089 January 1, Costs Cash Payments June 30, 2018 Retention and personnel liability $ — $ 708 $ — $ 708 Other liability — 778 (578 ) 200 Total $ — $ 1,486 $ (578 ) $ 908

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease Classifications	A summary of all lease classifications in our condensed consolidated balance sheet is as follows: Leases Classification June 30, 2019 Assets Operating lease assets Operating lease ROU assets $ 19,354 Finance lease assets Property and equipment, net (1) 483 Total leased assets $ 19,837 Liabilities Current: Operating Current portion of operating lease liabilities $ 6,892 Finance Current portion of long-term obligations 308 Long-term: Operating Operating lease liabilities, less current portion 13,810 Finance Long-term obligations, less current portion 199 Total lease liabilities $ 21,209 (1) Finance leased assets are recorded net of accumulated amortization of $ 208 .
Maturities of Operating Lease Liabilities	As of June 30, 2019 , maturities of lease liabilities are as follows: Operating Leases Finance Leases Total Remainder of 2019 $ 5,468 $ 161 $ 5,629 2020 8,328 322 8,650 2021 5,733 45 5,778 2022 4,742 — 4,742 2023 2,704 — 2,704 Thereafter 2,118 — 2,118 Total lease payments 29,093 528 29,621 Less: interest and accretion (8,391 ) (21 ) (8,412 ) Present value of minimum lease payments 20,702 507 21,209 Less: current portion (6,892 ) (308 ) (7,200 ) Long-term portion $ 13,810 $ 199 $ 14,009
Maturities of Financing Lease Liabilities	As of June 30, 2019 , maturities of lease liabilities are as follows: Operating Leases Finance Leases Total Remainder of 2019 $ 5,468 $ 161 $ 5,629 2020 8,328 322 8,650 2021 5,733 45 5,778 2022 4,742 — 4,742 2023 2,704 — 2,704 Thereafter 2,118 — 2,118 Total lease payments 29,093 528 29,621 Less: interest and accretion (8,391 ) (21 ) (8,412 ) Present value of minimum lease payments 20,702 507 21,209 Less: current portion (6,892 ) (308 ) (7,200 ) Long-term portion $ 13,810 $ 199 $ 14,009
Schedule of Future Minimum Rental Payments for Operating Leases	As of December 31, 2018, maturities of lease liabilities are as follows: Operating Leases Finance Leases Total 2019 $ 8,825 $ 718 $ 9,543 2020 6,452 308 6,760 2021 4,594 45 4,639 2022 3,801 — 3,801 2023 1,767 — 1,767 Thereafter 1,600 — 1,600 Total lease payments $ 27,039 $ 1,071 $ 28,110
Schedule of Future Minimum Lease Payments for Capital Leases	As of December 31, 2018, maturities of lease liabilities are as follows: Operating Leases Finance Leases Total 2019 $ 8,825 $ 718 $ 9,543 2020 6,452 308 6,760 2021 4,594 45 4,639 2022 3,801 — 3,801 2023 1,767 — 1,767 Thereafter 1,600 — 1,600 Total lease payments $ 27,039 $ 1,071 $ 28,110
Components of Lease Expense	Lease terms and discount rates are as follows: June 30, 2019 Weighted-average remaining lease term (years): Operating lease costs 3.9 Finance lease cost 1.8 Weighted-average discount rate: Operating lease costs 5.3 % Finance lease cost 3.3 % Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Financing cash flows from finance leases $ (421 ) $ (566 ) Operating cash flows from operating leases (2,707 ) (5,393 ) Amortization of operating leased ROU assets to the operating lease liability 3,131 5,463 ROU assets obtained through operating lease liabilities 1,039 1,282

Stock-Based Compensation and _2

Stock-Based Compensation and Similar Arrangements (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Compensation [Abstract]
Disclosure of Stock-based Compensation by Line Item	The following table reflects the amount of stock-based compensation for continuing operations, for share settled awards, recorded in each financial statement line item for the three and six months ended June 30, 2019 and 2018 : Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 General and administrative expense $ 1,289 $ 3,345 3,392 4,273 Equity in net loss of investee — 102 — 161 Total stock-based compensation $ 1,289 $ 3,447 $ 3,392 $ 4,434

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table details the computation of basic and diluted (loss) earnings per share: Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 Numerator: Net loss attributable to Providence $ (1,712 ) $ (11,215 ) $ (1,129 ) $ (5,785 ) Less dividends on convertible preferred stock (1,098 ) (1,106 ) (2,185 ) (2,195 ) Less income allocated to participating securities — — — — Net loss available to common stockholders $ (2,810 ) $ (12,321 ) $ (3,314 ) $ (7,980 ) Continuing operations $ (4,507 ) $ 1,045 $ (4,280 ) $ 7,083 Discontinued operations 1,697 (13,366 ) 966 (15,063 ) Net loss available to common stockholders $ (2,810 ) $ (12,321 ) $ (3,314 ) $ (7,980 ) Denominator: Denominator for basic earnings per share -- weighted-average shares 12,973,496 13,008,106 12,937,054 13,056,765 Effect of dilutive securities: Common stock options — 80,076 — 84,433 Denominator for diluted earnings per share -- adjusted weighted-average shares assumed conversion 12,973,496 13,088,182 12,937,054 13,141,198 Basic (loss) earnings per share: Continuing operations $ (0.35 ) $ 0.08 $ (0.33 ) $ 0.54 Discontinued operations 0.13 (1.03 ) 0.07 (1.15 ) Basic loss per share $ (0.22 ) $ (0.95 ) $ (0.26 ) $ (0.61 ) Diluted (loss) earnings per share: Continuing operations $ (0.35 ) $ 0.08 $ (0.33 ) $ 0.54 Discontinued operations 0.13 (1.02 ) 0.07 (1.15 ) Diluted loss per share $ (0.22 ) $ (0.94 ) $ (0.26 ) $ (0.61 )
Schedule of Antidilutive Securities	The following weighted-average shares were not included in the computation of diluted earnings per share as the effect of their inclusion would have been anti-dilutive: Three months ended June 30, 2019 2018 Stock options to purchase common stock 560,849 386,721 Convertible preferred stock 801,391 803,165 Six months ended June 30, 2019 2018 Stock options to purchase common stock 587,282 238,806 Convertible preferred stock 801,498 803,182

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Summary of Operations Classified as Discontinued Operations	The following tables summarize the results of operations classified as discontinued operations, net of tax, for the three and six months ended June 30, 2019 and 2018 : Three Months Ended June 30, 2019 Human Services WD Services Total Discontinued Operating expenses: General and administrative expense (income) $ 72 $ (2,805 ) $ (2,733 ) Total operating expense (income) 72 (2,805 ) (2,733 ) Operating (loss) income (72 ) 2,805 2,733 (Loss) income from discontinued operations before income taxes (72 ) 2,805 2,733 Benefit (provision) for income taxes 17 (1,053 ) (1,036 ) (Loss) income from discontinued operations, net of tax $ (55 ) $ 1,752 $ 1,697 Six Months Ended June 30, 2019 Human Services WD Services Total Discontinued Operating expenses: General and administrative expense (income) $ 217 $ (2,097 ) $ (1,880 ) Total operating expense (income) 217 (2,097 ) (1,880 ) Operating (loss) income (217 ) 2,097 1,880 (Loss) income from discontinued operations before income taxes (217 ) 2,097 1,880 Benefit (provision) for income taxes 53 (967 ) (914 ) (Loss) income from discontinued operations, net of tax $ (164 ) $ 1,130 $ 966 Three Months Ended June 30, 2018 Human Services WD Services Total Discontinued Service revenue, net $ — $ 68,058 $ 68,058 Operating expenses: Service expense — 60,944 60,944 General and administrative expense 65 7,524 7,589 Asset impairment charge — 9,203 9,203 Depreciation and amortization — 3,131 3,131 Total operating expenses 65 80,802 80,867 Operating loss (65 ) (12,744 ) (12,809 ) Other income (expense): Interest expense, net — (13 ) (13 ) Gain on foreign currency transactions — 6 6 Equity in net gain of investee — 27 27 Loss from discontinued operations before income taxes (65 ) (12,724 ) (12,789 ) Benefit (provision) for income taxes 16 (593 ) (577 ) Loss from discontinued operations, net of tax $ (49 ) $ (13,317 ) $ (13,366 ) Six Months Ended June 30, 2018 Human Services WD Services Total Discontinued Service revenue, net $ — $ 137,408 $ 137,408 Operating expenses: Service expense — 121,479 121,479 General and administrative expense 76 15,626 15,702 Asset impairment charge — 9,203 9,203 Depreciation and amortization — 6,349 6,349 Total operating expenses 76 152,657 152,733 Operating loss (76 ) (15,249 ) (15,325 ) Other income (expense): Interest expense, net — (12 ) (12 ) Gain on foreign currency transactions — 630 630 Equity in net gain of investee — 51 51 Loss from discontinued operations before income taxes (76 ) (14,580 ) (14,656 ) Benefit (provision) for income taxes 19 (426 ) (407 ) Loss from discontinued operations, net of tax $ (57 ) $ (15,006 ) $ (15,063 ) Assets and liabilities The following table summarizes the carrying amounts of the major classes of assets and liabilities of discontinued operations in the condensed consolidated balance sheets as of June 30, 2019 and December 31, 2018 . Amounts represent the accounts of WD Services operations in Saudi Arabia, which were not sold as part of the WD Services sale. June 30, December 31, 2019 2018 Cash and cash equivalents $ 889 $ 2,321 Accounts receivable, net of allowance of $0 in 2019 and $3,460 in 2018 3,467 4,316 Prepaid expenses and other (175 ) 414 Current assets of discontinued operations $ 4,181 $ 7,051 Accounts payable $ 166 $ 486 Accrued expenses 1,114 2,771 Current liabilities of discontinued operations $ 1,280 $ 3,257 Deferred tax liabilities $ 713 $ — Noncurrent liabilities of discontinued operations $ 713 $ — Cash Flow Information The following table presents cash flow information of the discontinued operations for the six months ended June 30, 2019 and 2018 : Six Months Ended June 30, 2019 WD Services Segment Cash flow information from discontinued operating activities: Deferred income taxes $ 646 Six Months Ended June 30, 2018 WD Services Segment Cash flow information from discontinued operating activities: Depreciation $ 3,697 Amortization 2,652 Stock-based compensation 6 Deferred income taxes (2,175 ) Cash flows from discontinued investing activities: Purchase of property and equipment $ 3,198

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Financial Information Attributable to the Company's Business Segments	We have reclassified prior period segment amounts to conform to the current presentation, which are summarized as follows: Three Months Ended June 30, 2018 As Previously Reported (1) Segment Reclassification Other Reclassification (Note 1) As Reported General and administrative : NET Services $ 2,770 $ 8,984 $ 6,385 $ 18,139 Corporate and Other 8,984 (8,984 ) — — Depreciation and amortization: NET Services 3,511 236 — 3,747 Corporate and Other 236 (236 ) — — Operating income (loss) : NET Services 12,379 (8,948 ) — 3,431 Corporate and Other (8,948 ) 8,948 — — (1) Adjusted for discontinued operations, as described in Note 15. Six Months Ended June 30, 2018 As Previously Reported (1) Segment Reclassification Other Reclassification (Note 1) As Reported General and administrative: NET Services $ 5,218 $ 16,848 $ 13,971 $ 36,037 Corporate and Other 16,848 (16,848 ) — — Depreciation and amortization: NET Services 7,005 322 — 7,327 Corporate and Other 322 (322 ) — — Operating income (loss): NET Services 32,433 (16,899 ) — 15,534 Corporate and Other (16,899 ) 16,899 — — The following tables set forth certain financial information from continuing operations attributable to the Company’s business segments: Three months ended June 30, 2019 NET Services Matrix Investment Total Service revenue, net $ 363,911 $ — $ 363,911 Service expense 345,948 — 345,948 General and administrative expense 16,860 — 16,860 Depreciation and amortization 4,353 — 4,353 Operating loss $ (3,250 ) $ — $ (3,250 ) Equity in net loss of investee $ — $ (1,315 ) $ (1,315 ) June 30, 2019 Total assets (continuing operations) $ 443,703 $ 157,948 $ 601,651 Six Months Ended June 30, 2019 NET Services Matrix Total Service revenue, net $ 731,726 $ — $ 731,726 Service expense 686,446 — 686,446 General and administrative expense 36,262 — 36,262 Depreciation and amortization 8,827 — 8,827 Operating income $ 191 $ — $ 191 Equity in net loss of investee $ — $ (2,971 ) $ (2,971 ) Three months ended June 30, 2018 NET Services Matrix Investment Total Service revenue, net $ 343,736 $ — $ 343,736 Service expense 317,741 — 317,741 General and administrative expense 18,139 — 18,139 Asset impairment charge 678 — 678 Depreciation and amortization 3,747 — 3,747 Operating income $ 3,431 $ — $ 3,431 Equity in net loss of investee $ — $ (174 ) $ (174 ) Six Months Ended June 30, 2018 NET Services Matrix Total Service revenue, net $ 680,432 $ — $ 680,432 Service expense 620,856 — 620,856 General and administrative expense 36,037 — 36,037 Asset impairment charge 678 — 678 Depreciation and amortization 7,327 — 7,327 Operating income $ 15,534 $ — $ 15,534 Equity in net loss of investee $ — $ (2,519 ) $ (2,519 )

Organization and Basis of Pre_3

Organization and Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Service Expense and General and Administrative Expense [Line Items]
Service expense	$ 345,948	$ 317,741	$ 686,446	$ 620,856
General and administrative expense	$ 16,860	18,139	$ 36,262	36,037
As Previously Reported
Service Expense and General and Administrative Expense [Line Items]
Service expense		324,126		634,827
General and administrative expense		11,754		22,066
Reclassifications
Service Expense and General and Administrative Expense [Line Items]
Service expense		(6,385)		(13,971)
General and administrative expense		$ 6,385		$ 13,971

Significant Accounting Polici_3

Significant Accounting Policies and Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Operating lease right-of-use assets	$ 19,354	$ 23,165	$ 0
Operating Lease, Liability	$ 20,702	$ 24,491

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (NET Services) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total Service revenue, net	$ 363,911	$ 343,736	$ 731,726	$ 680,432
NET Services
Disaggregation of Revenue [Line Items]
Total Service revenue, net	363,911	343,736	731,726	680,432
NET Services | State Medicaid agency contracts
Disaggregation of Revenue [Line Items]
Total Service revenue, net	177,773	183,459	354,741	360,748
NET Services | Managed care organization contracts
Disaggregation of Revenue [Line Items]
Total Service revenue, net	186,138	160,277	376,985	319,684
NET Services | Capitated contracts
Disaggregation of Revenue [Line Items]
Total Service revenue, net	308,690	286,994	613,262	571,395
NET Services | Non-capitated contracts
Disaggregation of Revenue [Line Items]
Total Service revenue, net	$ 55,221	$ 56,742	$ 118,464	$ 109,037

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Deferred Revenue
Revenue recognized			$ 386	$ 3,019
NET Services
Deferred Revenue
Performance obligation satisfied in previous period	$ (236)	$ 1,007	$ 39	$ (5,685)

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 99,656	$ 101,340
NET Services’ reconciliation contract receivable	57,328	48,270
Allowance for doubtful accounts	(2,120)	(1,854)
Accounts receivable, net	$ 154,864	$ 147,756

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Other Accounts (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accrued contract payments, included in “accrued expenses”	$ 20,896	$ 9,756
Deferred revenue, current	232	562
Deferred revenue, long-term, included in “other long-term liabilities”	$ 860	$ 963

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 29,804	$ 5,678	$ 29,700
Restricted cash, current	1,832	1,482	1,868
Current assets of discontinued operations	889		5,141
Restricted cash, less current portion	1,896	2,886	3,260
Cash, cash equivalents and restricted cash	$ 34,421	$ 12,367	$ 39,969	$ 101,606

Equity Investment - Narrative (

Equity Investment - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity investment	$ 157,948	$ 161,503
Matrix
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	43.60%	43.60%
Equity investment	$ 157,948	$ 161,503

Equity Investment - Summary of

Equity Investment - Summary of Financial Information for Matrix (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Schedule of Investments [Line Items]
Current assets	$ 236,614				$ 236,614		$ 210,980
Current liabilities	160,648				160,648		142,883
Service revenue, net	363,911		$ 343,736		731,726	$ 680,432
Operating income	(3,250)		3,431		191	15,534
Net loss	(1,712)	$ 582	(11,215)	$ 5,430	(1,129)	(5,785)
Matrix
Schedule of Investments [Line Items]
Current assets	65,317				65,317		61,565
Long-term assets	703,622				703,622		719,450
Current liabilities	26,226				26,226		27,619
Long-term liabilities	369,178				369,178		$ 373,159
Service revenue, net	72,161		78,409		139,144	145,839
Operating income	1,543		4,627		2,098	3,838
Net loss	$ (3,661)		$ (869)		$ (8,148)	$ (9,387)

Prepaid Expenses and Other (Det

Prepaid Expenses and Other (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid income taxes	$ 30,516	$ 35,207
Prepaid insurance	2,340	1,308
Prepaid rent	854	828
Other prepaid expenses	6,108	6,824
Total prepaid expenses and other	$ 39,818	$ 44,167

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accrued Liabilities, Current [Abstract]
Accrued compensation	$ 12,462	$ 11,050
NET Services accrued contract payments	20,896	9,756
Accrued cash settled stock-based compensation	2,954	3,719
Other accrued expenses	13,463	14,666
Total accrued expenses	$ 49,775	$ 39,191

Restructuring and Related Reo_3

Restructuring and Related Reorganization Costs - Narrative (Details) - Corporate Restructuring Plan - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1,344	$ 3,355
Restructuring reserve	1,089	1,089	$ 2,354	$ 908	$ 0
Restructuring charges incurred to date	12,152	12,152
Accrued Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	1,089	1,089	2,124
Accounts Payable
Restructuring Cost and Reserve [Line Items]
Restructuring reserve			230
Retention and Personnel Costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	823	2,217
Restructuring reserve	1,089	1,089	1,956	708	0
Restructuring charges incurred to date	7,314	7,314
Acceleration of Stock-Based Compensation
Restructuring Cost and Reserve [Line Items]
Restructuring charges	89	279
Restructuring charges incurred to date	2,011	2,011
Accelerated Depreciation
Restructuring Cost and Reserve [Line Items]
Restructuring charges	93	236
Restructuring charges incurred to date	673	673
Other Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges	339	623
Restructuring reserve	0	0	$ 398	$ 200	$ 0
Restructuring charges incurred to date	$ 2,154	$ 2,154

Restructuring and Related Reo_4

Restructuring and Related Reorganization Costs - Reserve (Details) - Corporate Restructuring Plan - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 2,354	$ 0
Costs Incurred	2,840	1,486
Cash Payments	(4,105)	(578)
Balance at end of period	1,089	908
Retention and personnel liability
Restructuring Reserve [Roll Forward]
Balance at beginning of period	1,956	0
Costs Incurred	2,217	708
Cash Payments	(3,084)	0
Balance at end of period	1,089	708
Other liability
Restructuring Reserve [Roll Forward]
Balance at beginning of period	398	0
Costs Incurred	623	778
Cash Payments	(1,021)	(578)
Balance at end of period	$ 0	$ 200

Leases - Balance Sheet Classifi

Leases - Balance Sheet Classification of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Assets
Operating lease right-of-use assets	$ 19,354	$ 23,165	$ 0
Finance lease assets	483
Total leased assets	19,837
Current:
Operating	6,892		0
Finance	308
Long-term:
Operating	13,810		$ 0
Finance	199
Total lease liabilities	21,209
Finance lease, accumulated amortization	$ 208

Leases - Maturities of Operatin

Leases - Maturities of Operating and Financing Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Operating Leases
Remainder of 2019	$ 5,468
2020	8,328
2021	5,733
2022	4,742
2023	2,704
Thereafter	2,118
Total lease payments	29,093
Less: amounts representing interest	(8,391)
Present value of minimum lease payments	20,702	$ 24,491
Less: current portion	(6,892)		$ 0
Long-term portion	13,810		$ 0
Financing leases
Remainder of 2019	161
2020	322
2021	45
2022	0
2023	0
Thereafter	0
Total lease payments	528
Less: amounts representing interest	(21)
Present value of minimum lease payments	507
Less: current portion	(308)
Long-term portion	199
Total
Remainder of 2019	5,629
2020	8,650
2021	5,778
2022	4,742
2023	2,704
Thereafter	2,118
Total lease payments	29,621
Less: amounts representing interest	(8,412)
Total lease liabilities	21,209
Less: current portion	(7,200)
Long-term portion	$ 14,009

Leases Leases - Maturities of L

Leases Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2018USD ($)
Operating Leases
2019	$ 8,825
2020	6,452
2021	4,594
2022	3,801
2023	1,767
Thereafter	1,600
Total lease payments	27,039
Finance Leases
2019	718
2020	308
2021	45
2022	0
2023	0
Thereafter	0
Total lease payments	1,071
Total
2019	9,543
2020	6,760
2021	4,639
2022	3,801
2023	1,767
Thereafter	1,600
Total lease payments	$ 28,110

Leases - Terms (Details)

Leases - Terms (Details)	Jun. 30, 2019
Weighted-average remaining lease term [Abstract]
Operating lease costs	3 years 10 months 24 days
Finance lease cost	1 year 9 months 18 days
Weighted-average discount rate:
Operating lease costs	5.30%
Finance lease cost	3.30%

Leases Leases - Narrative (Deta

Leases Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
General and administrative expense
Lessee, Lease, Description [Line Items]
Operating lease, cost	$ 2,602	$ 5,200

Leases - Summary of Lease (Deta

Leases - Summary of Lease (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Financing cash flow from finance leases	$ (421)	$ (566,000)
Operating cash flows from operating leases	(2,707)	(5,393,000)
Amortization of operating leased ROU assets to the operating lease liability	3,131	5,463,000
ROU assets obtained through operating lease liabilities	$ 1,039	$ 1,282,000

Stock-Based Compensation and _3

Stock-Based Compensation and Similar Arrangements - Stock-based Compensation Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,289	$ 3,447	$ 3,392	$ 4,434
General and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	1,289	3,345	3,392	4,273
Equity in net loss of investee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 0	$ 102	$ 0	$ 161

Stock-Based Compensation and _4

Stock-Based Compensation and Similar Arrangements - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 01, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)		615,301			615,301
Weighted-average exercise price (in usd per share)		$ 62.69			$ 62.69
Stock equivalent units outstanding (in shares)		4,234			4,234
Stock option equivalent units outstanding (in shares)		200,000			200,000
Stock-based compensation		$ 1,289		$ 3,447	$ 3,392	$ 4,434
Management Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fixed payment			$ 12,000
Deferred compensation liability		2,808			2,808		$ 1,441
General and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation		$ 1,289		3,345	$ 3,392	4,273
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of unvested RSAs outstanding (in shares)		51,799			51,799
Weighted-average grant date fair value of unvested RSAs outstanding (in usd per share)		$ 61.29			$ 61.29
Restricted Stock | Interim CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	23,317
Grant date intrinsic value	$ 1,500
Stock Equivalent Unit Awards and Stock Option Equivalent Units | Accrued Expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Liability for unexercised cash settled share-based payment awards		$ (2,954)			$ (2,954)		$ (3,719)
Stock Equivalent Unit Awards and Stock Option Equivalent Units | General and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense (benefit)		$ (1,762)		$ 1,795	$ (573)	$ 3,626

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator:
Net loss attributable to Providence	$ (1,712)	$ 582	$ (11,215)	$ 5,430	$ (1,129)	$ (5,785)
Less dividends on convertible preferred stock	(1,098)		(1,106)		(2,185)	(2,195)
Less income allocated to participating securities	0		0		0	0
Net loss available to common stockholders	$ (2,810)		$ (12,321)		$ (3,314)	$ (7,980)
Denominator:
Denominator for basic earnings per share -- weighted-average shares	12,973,496		13,008,106		12,937,054	13,056,765
Effect of dilutive securities:
Denominator for diluted earnings per share -- adjusted weighted-average shares assumed conversion (in shares)	12,973,496		13,088,182		12,937,054	13,141,198
Basic (loss) earnings per share:
Continuing operations (in dollars per share)	$ (0.35)		$ 0.08		$ (0.33)	$ 0.54
Discontinued operations (in dollars per share)	0.13		(1.03)		0.07	(1.15)
Basic loss per common share (in dollars per share)	(0.22)		(0.95)		(0.26)	(0.61)
Diluted (loss) earnings per share:
Continuing operations (in dollars per share)	(0.35)		0.08		(0.33)	0.54
Discontinued operations (in dollars per share)	0.13		(1.02)		0.07	(1.15)
Diluted earnings per common share (in dollars per share)	$ (0.22)		$ (0.94)		$ (0.26)	$ (0.61)
Common stock options
Effect of dilutive securities:
Common stock options (in shares)	0		80,076		0	84,433
Continuing operations
Numerator:
Net loss available to common stockholders	$ (4,507)		$ 1,045		$ (4,280)	$ 7,083
Discontinued operations
Numerator:
Net loss available to common stockholders	$ 1,697		$ (13,366)		$ 966	$ (15,063)

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Antidilutive Securities (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Stock options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	560,849	386,721	587,282	238,806
Convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	801,391	803,165	801,498	803,182

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective income tax rate	29.00%	35.10%	35.60%	24.70%

Commitments and Contingencies (

Commitments and Contingencies (Details) - Affiliated Entity - Stockholders	Jun. 30, 2019
Common Stock
Loss Contingencies [Line Items]
Related party, percentage of stock in company	9.40%
Preferred Stock
Loss Contingencies [Line Items]
Related party, percentage of stock in company	95.70%

Transactions with Related Par_2

Transactions with Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Coliseum Capital Partners, L.P. | Preferred Stock Dividends Earned by Related Party
Related Party Transaction [Line Items]
Related party transaction amount	$ 1,050	$ 1,050	$ 2,089	$ 2,089

Discontinued Operations - Resul

Discontinued Operations - Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Other expenses (income):
(Loss) income from discontinued operations, net of tax	$ 1,697	$ (13,366)	$ 966	$ (15,063)
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Service revenue, net		68,058		137,408
Operating expenses:
Service expense		60,944		121,479
General and administrative expense	(2,733)	7,589	(1,880)	15,702
Asset impairment charge		9,203		9,203
Depreciation and amortization		3,131		6,349
Total operating expense (income)	(2,733)	80,867	(1,880)	152,733
Operating loss	2,733	(12,809)	1,880	(15,325)
Other expenses (income):
Interest expense, net		(13)		(12)
Gain on foreign currency transactions		6		630
Equity in net gain of investee		27		51
Loss from discontinued operations before income taxes	2,733	(12,789)	1,880	(14,656)
Benefit (provision) for income taxes	(1,036)	(577)	(914)	(407)
(Loss) income from discontinued operations, net of tax	1,697	(13,366)	966	(15,063)
Human Services | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Service revenue, net		0		0
Operating expenses:
Service expense		0		0
General and administrative expense	72	65	217	76
Asset impairment charge		0		0
Depreciation and amortization		0		0
Total operating expense (income)	72	65	217	76
Operating loss	(72)	(65)	(217)	(76)
Other expenses (income):
Interest expense, net		0		0
Gain on foreign currency transactions		0		0
Equity in net gain of investee		0		0
Loss from discontinued operations before income taxes	(72)	(65)	(217)	(76)
Benefit (provision) for income taxes	17	16	53	19
(Loss) income from discontinued operations, net of tax	(55)	(49)	(164)	(57)
WD Services | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Service revenue, net		68,058		137,408
Operating expenses:
Service expense		60,944		121,479
General and administrative expense	(2,805)	7,524	(2,097)	15,626
Asset impairment charge		9,203		9,203
Depreciation and amortization		3,131		6,349
Total operating expense (income)	(2,805)	80,802	(2,097)	152,657
Operating loss	2,805	(12,744)	2,097	(15,249)
Other expenses (income):
Interest expense, net		(13)		(12)
Gain on foreign currency transactions		6		630
Equity in net gain of investee		27		51
Loss from discontinued operations before income taxes	2,805	(12,724)	2,097	(14,580)
Benefit (provision) for income taxes	(1,053)	(593)	(967)	(426)
(Loss) income from discontinued operations, net of tax	$ 1,752	$ (13,317)	$ 1,130	$ (15,006)

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets of discontinued operations	$ 4,181	$ 7,051
Current liabilities of discontinued operations	1,280	3,257
Noncurrent liabilities of discontinued operations	713	0
WD Services | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	889	2,321
Accounts receivable, net of allowance of $0 in 2019 and $3,460 in 2018	3,467	4,316
Prepaid expenses and other	(175)	414
Current assets of discontinued operations	4,181	7,051
Accounts payable	166	486
Accrued expenses	1,114	2,771
Current liabilities of discontinued operations	1,280	3,257
Deferred tax liabilities	713	0
Noncurrent liabilities of discontinued operations	713	0
Allowance for doubtful accounts	$ 3,460	$ 3,460

Discontinued Operations - Cash

Discontinued Operations - Cash Flow (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation	$ 5,710	$ 9,565
Amortization	3,117	4,112
Stock-based compensation	3,392	4,278
Deferred income taxes	(1,346)	(2,665)
WD Services | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation		3,697
Amortization		2,652
Stock-based compensation		6
Deferred income taxes	$ 646	(2,175)
Purchase of property and equipment		$ 3,198

Segments - Narrative (Details)

Segments - Narrative (Details)	6 Months Ended
	Jun. 30, 2019segment
Segment Reporting [Abstract]
Number of operating segments	2

Segments - Reclassifications (D

Segments - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
General and administrative expense	$ 16,860	$ 18,139	$ 36,262	$ 36,037
Depreciation and amortization	4,353	3,747	8,827	7,327
Operating income	$ (3,250)	3,431	$ 191	15,534
Operating Segments
Segment Reporting Information [Line Items]
General and administrative expense		18,139		36,037
Depreciation and amortization		3,747		7,327
Operating income		3,431		15,534
As Previously Reported
Segment Reporting Information [Line Items]
General and administrative expense		11,754		22,066
As Previously Reported | Operating Segments | NET Services
Segment Reporting Information [Line Items]
General and administrative expense		2,770		5,218
Depreciation and amortization		3,511		7,005
Operating income		12,379		32,433
As Previously Reported | Corporate and Other
Segment Reporting Information [Line Items]
General and administrative expense		8,984		16,848
Depreciation and amortization		236		322
Operating income		(8,948)		(16,899)
Reclassifications
Segment Reporting Information [Line Items]
General and administrative expense		6,385		13,971
Reclassifications | Operating Segments
Segment Reporting Information [Line Items]
General and administrative expense		6,385		13,971
Reclassifications | Operating Segments | NET Services
Segment Reporting Information [Line Items]
General and administrative expense		8,984		16,848
Depreciation and amortization		236		322
Operating income		(8,948)		(16,899)
Reclassifications | Corporate and Other
Segment Reporting Information [Line Items]
General and administrative expense		(8,984)		(16,848)
Depreciation and amortization		(236)		(322)
Operating income		$ 8,948		$ 16,899

Segments - Segments (Details)

Segments - Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Service revenue, net	$ 363,911	$ 343,736	$ 731,726	$ 680,432
Service expense	345,948	317,741	686,446	620,856
General and administrative expense	16,860	18,139	36,262	36,037
Asset impairment charge			0	9,881
Depreciation and amortization	4,353	3,747	8,827	7,327
Operating (loss) income	(3,250)	3,431	191	15,534
Equity in net loss of investee			(2,971)	(2,468)
NET Services
Segment Reporting Information [Line Items]
Service revenue, net	363,911	343,736	731,726	680,432
Operating Segments
Segment Reporting Information [Line Items]
General and administrative expense		18,139		36,037
Depreciation and amortization		3,747		7,327
Operating (loss) income		3,431		15,534
Continuing operations
Segment Reporting Information [Line Items]
Service revenue, net	363,911	343,736	731,726	680,432
Service expense	345,948	317,741	686,446	620,856
General and administrative expense	16,860	18,139	36,262	36,037
Asset impairment charge		678		678
Depreciation and amortization	4,353	3,747	8,827	7,327
Operating (loss) income	(3,250)	3,431	191	15,534
Equity in net loss of investee	(1,315)	(174)	(2,971)	(2,519)
Total assets (continuing operations)	601,651		601,651
Continuing operations | NET Services
Segment Reporting Information [Line Items]
Service revenue, net	363,911	343,736	731,726	680,432
Service expense	345,948	317,741	686,446	620,856
General and administrative expense	16,860	18,139	36,262	36,037
Asset impairment charge		678		678
Depreciation and amortization	4,353	3,747	8,827	7,327
Operating (loss) income	(3,250)	3,431	191	15,534
Equity in net loss of investee	0	0	0	0
Total assets (continuing operations)	443,703		443,703
Continuing operations | Matrix Investment
Segment Reporting Information [Line Items]
Service revenue, net	0	0	0	0
Service expense	0	0	0	0
General and administrative expense	0	0	0	0
Asset impairment charge		0		0
Depreciation and amortization	0	0	0	0
Operating (loss) income	0	0	0	0
Equity in net loss of investee	(1,315)	$ (174)		$ (2,971)
Total assets (continuing operations)	$ 157,948		$ 157,948

Uncategorized Items - prsc20196

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 5,710,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 5,710,000