ModivCare (MODV) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 04, 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	Sep. 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)		12,899,438
Entity Central Index Key	0001220754
Document Fiscal Period Focus	Q3
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	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 40,637	$ 5,678
Accounts receivable, net of allowance of $3,516 in 2019 and $1,854 in 2018	198,232	147,756
Other receivables	3,435	4,846
Prepaid expenses and other	11,435	44,167
Restricted cash	833	1,482
Current assets of discontinued operations	322	7,051
Total current assets	254,894	210,980
Operating lease right-of-use assets	20,266	0
Property and equipment, net	21,968	22,965
Goodwill	135,216	135,216
Intangible assets, net	21,470	26,146
Equity investment	154,532	161,503
Other assets	12,196	9,949
Restricted cash, less current portion	0	2,886
Total assets	620,542	569,645
Current liabilities:
Current portion of operating lease liabilities	6,742	0
Current portion of long-term obligations	308	718
Accounts payable	7,614	8,828
Accrued expenses	32,654	39,191
Accrued transportation costs	112,410	84,889
Deferred revenue	231	562
Reinsurance and related liability reserves	4,636	5,438
Current liabilities of discontinued operations	1,246	3,257
Total current liabilities	165,841	142,883
Long-term debt, less current portion	122	353
Operating lease liabilities, less current portion	14,786	0
Other long-term liabilities	17,926	14,970
Deferred tax liabilities	24,339	23,049
Long-term liabilities of discontinued operations	639	0
Total liabilities	223,653	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; 17,967,996 and 17,784,769, respectively, issued and outstanding (including treasury shares)	18	18
Additional paid-in capital	346,034	334,744
Retained earnings	190,857	187,127
Treasury shares, at cost, 5,081,434 and 4,970,093 shares, respectively	(217,254)	(210,891)
Total stockholders’ equity	319,655	310,998
Total liabilities, redeemable convertible preferred stock and stockholders’ equity	$ 620,542	$ 569,645

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Allowance for doubtful accounts	$ 3,516	$ 1,854
Temporary equity, shares authorized (in shares)	10,000,000	10,000,000
Temporary equity, par (in USD per share)	$ 0.001	$ 0.001
Temporary equity, shares issued (in shares)	799,969	801,606
Temporary equity, shares outstanding (in shares)		801,606	799,969
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, par (in USD per share)	$ 0.001	$ 0.001
Common stock, shares, issued (in shares)	17,967,996	17,784,769
Common stock, shares, outstanding (in shares)	17,967,996	17,784,769
Treasury stock, shares (in shares)	5,081,434	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 Consolidate

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Service revenue, net	$ 393,385,000	$ 343,771,000	$ 1,125,111,000	$ 1,024,203,000
Operating expenses:
Service expense	356,271,000	313,511,000	1,042,717,000	934,367,000
General and administrative expense	15,979,000	17,045,000	52,241,000	53,081,000
Asset impairment charge	0	0	0	678,000
Depreciation and amortization	4,148,000	3,780,000	12,976,000	11,107,000
Total operating expenses	376,398,000	334,336,000	1,107,934,000	999,233,000
Operating income	16,987,000	9,435,000	17,177,000	24,970,000
Other expenses (income):
Interest expense, net	188,000	250,000	793,000	808,000
Other income	(66,000)	0	(199,000)	0
Equity in net loss of investee	3,188,000	1,587,000	6,159,000	4,106,000
Gain on remeasurement of cost method investment	0	(6,577,000)	0	(6,577,000)
Income from continuing operations before income taxes	13,677,000	14,175,000	10,424,000	26,633,000
Provision for income taxes	5,097,000	3,880,000	3,940,000	6,951,000
Income from continuing operations, net of tax	8,580,000	10,295,000	6,484,000	19,682,000
(Loss) income from discontinued operations, net of tax	(426,000)	(2,964,000)	540,000	(18,026,000)
Net income	8,154,000	7,331,000	7,024,000	1,656,000
Net loss from discontinued operations attributable to non-controlling interest	0	(177,000)	0	(285,000)
Net income attributable to Providence	8,154,000	7,154,000	7,024,000	1,371,000
Net income (loss) available to common stockholders (Note 11)	$ 6,104,000	$ 5,224,000	$ 3,230,000	$ (1,939,000)
Basic earnings (loss) per common share:
Continuing operations (in dollars per share)	$ 0.50	$ 0.61	$ 0.21	$ 1.24
Discontinued operations (in dollars per share)	(0.03)	(0.20)	0.04	(1.39)
Basic loss per common share (in dollars per share)	0.47	0.41	0.25	(0.15)
Diluted earnings (loss) per common share:
Continuing operations (in dollars per share)	0.50	0.60	0.21	1.23
Discontinued operations (in dollars per share)	(0.03)	(0.20)	0.04	(1.38)
Diluted earnings per common share (in dollars per share)	$ 0.47	$ 0.40	$ 0.25	$ (0.15)
Weighted-average number of common shares outstanding:
Basic (in shares)	12,993,934	12,865,777	12,956,222	12,992,403
Diluted (in shares)	13,004,449	12,927,122	12,977,598	13,069,140

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 8,154	$ 7,331	$ 7,024	$ 1,656
Net loss attributable to non-controlling interest	0	(177)	0	(285)
Net income attributable to Providence	8,154	7,154	7,024	1,371
Other comprehensive loss:
Foreign currency translation adjustments, net of tax	0	(882)	0	(2,924)
Reclassification of translation loss realized upon sale of subsidiary and equity investment, respectively	0	627	0	627
Other comprehensive loss	0	(255)	0	(2,297)
Comprehensive income (loss)	8,154	7,076	7,024	(641)
Comprehensive loss attributable to non-controlling interest	0	(203)	0	(356)
Comprehensive income (loss) attributable to Providence	$ 8,154	$ 6,873	$ 7,024	$ (997)

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent	Treasury Stock	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		$ 336,017	$ 17	$ 313,955	$ 204,818	$ (25,805)	$ (154,803)	$ (2,165)
Shares, Outstanding			17,473,598				4,126,132
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 income 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 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued		(237)					(237)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		336,017	$ 17	313,955	204,818	(25,805)	$ (154,803)	(2,165)
Shares, Outstanding			17,473,598				4,126,132
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 income attributable to Providence		1,371
Net loss from discontinued operations attributable to non-controlling interest		(285)
Reclassification of translation loss realized upon sale of foreign subsidiary		627
Ending Balance (in shares) at Sep. 30, 2018			17,779,646				4,968,899
Ending Balance at Sep. 30, 2018		299,831	$ 18	331,947	208,589	(28,102)	$ (210,812)	(1,809)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		336,017	$ 17	313,955	204,818	(25,805)	$ (154,803)	(2,165)
Shares, Outstanding			17,473,598				4,126,132
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		321,054	$ 18	323,966	214,869	(23,879)	$ (191,970)	(1,950)
Shares, Outstanding			17,710,006				4,712,937
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 income 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
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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued		(329)		(320)			(9)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		321,054	$ 18	323,966	214,869	(23,879)	$ (191,970)	(1,950)
Shares, Outstanding			17,710,006				4,712,937
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		291,915	$ 18	330,009	202,548	(27,846)	$ (210,802)	(2,012)
Shares, Outstanding			17,775,131				4,968,758
Stock-based compensation		1,907		1,907
Exercise of employee stock options (in shares)			500				0
Exercise of employee stock options		8	$ 0	8			$ 0
Restricted stock issued (in shares)			2,395				141
Restricted stock issued		(10)		0			$ (10)
Shares issued for bonus settlement and director stipends (in shares)			543
Shares issued for bonus settlement and director stipends		0		0
Convertible preferred stock dividends	[1]	(1,111)			(1,111)
Net income attributable to Providence		7,154			7,154
Conversion of convertible preferred stock to common stock (in shares)			1,077
Conversion of convertible preferred stock to common stock		40		42	(2)
Foreign currency translation adjustments, net of tax		(856)				(883)		27
Net loss from discontinued operations attributable to non-controlling interest		(177)
Reclassification of translation loss realized upon sale of foreign subsidiary		627				627
Other		157		(19)				176
Ending Balance (in shares) at Sep. 30, 2018			17,779,646				4,968,899
Ending Balance at Sep. 30, 2018		299,831	$ 18	331,947	208,589	(28,102)	$ (210,812)	(1,809)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued		(10)		0			(10)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		291,915	$ 18	330,009	202,548	(27,846)	$ (210,802)	(2,012)
Shares, Outstanding			17,775,131				4,968,758
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		299,831	$ 18	331,947	208,589	$ (28,102)	$ (210,812)	$ (1,809)
Shares, Outstanding			17,779,646				4,968,899
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		310,998	$ 18	334,744	187,127		$ (210,891)
Shares, Outstanding			17,784,769				4,970,093
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	[2]	(1,087)			(1,087)
Net income 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued		(217)					(217)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		310,998	$ 18	334,744	187,127		$ (210,891)
Shares, Outstanding			17,784,769				4,970,093
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 income attributable to Providence		7,024
Net loss from discontinued operations attributable to non-controlling interest		0
Reclassification of translation loss realized upon sale of foreign subsidiary		0
Ending Balance (in shares) at Sep. 30, 2019			17,967,996				5,081,434
Ending Balance at Sep. 30, 2019		319,655	$ 18	346,034	190,857		$ (217,254)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		310,998	$ 18	334,744	187,127		$ (210,891)
Shares, Outstanding			17,784,769				4,970,093
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		314,936	$ 18	339,404	186,622		$ (211,108)
Shares, Outstanding			17,867,747				4,973,552
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	[2]	(1,098)			(1,098)
Preferred stock conversion (in shares)			4,104
Preferred stock conversion		157		157
Net income attributable to Providence		(1,712)			(1,712)
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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued		(155)					(155)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		314,936	$ 18	339,404	186,622		$ (211,108)
Shares, Outstanding			17,867,747				4,973,552
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		317,243	$ 18	344,676	183,812		$ (211,263)
Shares, Outstanding			17,947,072				4,975,971
Stock-based compensation		855		855
Exercise of employee stock options (in shares)			17,755
Exercise of employee stock options		503		503
Restricted stock issued (in shares)			2,313				42
Restricted stock issued							$ (3)
Shares issued for bonus settlement and director stipends (in shares)			856
Shares issued for bonus settlement and director stipends		0
Convertible preferred stock dividends	[2]	(1,109)			(1,109)
Preferred stock conversion (in shares)			0
Preferred stock conversion		0		0
Net income attributable to Providence		$ 8,154			8,154
Stock repurchase (in shares)		105,421
Stock repurchase plan		$ (5,988)					$ (5,988)
Net loss from discontinued operations attributable to non-controlling interest		0
Reclassification of translation loss realized upon sale of foreign subsidiary		0
Ending Balance (in shares) at Sep. 30, 2019			17,967,996				5,081,434
Ending Balance at Sep. 30, 2019		319,655	$ 18	346,034	190,857		$ (217,254)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Restricted stock issued							(3)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		317,243	$ 18	344,676	183,812		$ (211,263)
Shares, Outstanding			17,947,072				4,975,971
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest		$ 319,655	$ 18	$ 346,034	$ 190,857		$ (217,254)
Shares, Outstanding			17,967,996				5,081,434
[1]	Cash dividends on redeemable convertible preferred stock of $1.36, $1.37, an d $1.37 per share were distributed to convertible preferred stockholders for the three months ended March 31, 2018, June 30, 2018, and September 3 0, 2018, respec tively.
[2]	Cash dividends on redeemable convertible preferred stock of $1.36, $1.37, and $1.38 per share were distributed to convertible preferred stockholders for the three months ended March 31, 2019, June 30, 2019, and September 30, 2019, respectively.

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018
Statement of Stockholders' Equity [Abstract]
Preferred stock, dividends per share (in USD per share)	$ 1.38	$ 1.37	$ 1.36	$ 1.37	$ 1.37

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities
Net income	$ 7,024	$ 1,656
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	8,300	14,217
Amortization	4,676	6,100
Asset impairment charge	0	9,881
Provision for doubtful accounts	533	1,615
Stock-based compensation	4,247	6,209
Deferred income taxes	1,993	(602)
Amortization of deferred financing costs and debt discount	272	408
Equity in net loss of investee	6,159	4,026
Equity Method Investment, Realized Gain (Loss) on Disposal		(6,577)
Other non-cash charges (credits)	0	(115)
Changes in operating assets and liabilities:
Accounts receivable	(44,374)	(31,514)
Prepaid expenses and other	27,669	14,243
Reinsurance and related liability reserve	2,511	(548)
Accounts payable and accrued expenses	(9,384)	(26,251)
Accrued transportation costs	27,522	30,888
Deferred revenue	(486)	(1,468)
Operating lease and other long-term liabilities	3,407	304
Net cash provided by operating activities	40,069	22,472
Investing activities
Purchase of property and equipment	(7,302)	(13,194)
Payments to Acquire Businesses, Net of Cash Acquired	0	(42,067)
Dispositions, net of cash sold	0	(5,862)
Proceeds from note receivable	0	3,130
Net cash used in investing activities	(7,302)	(57,993)
Financing activities
Preferred stock dividends	(3,295)	(3,302)
Repurchase of common stock, for treasury	(6,363)	(56,009)
Proceeds from common stock issued pursuant to stock option exercise	6,885	12,413
Performance restricted stock surrendered for employee tax payment	0	(429)
Repayments of debt	(12,000)	0
Proceeds from debt	12,000	36,000
Capital lease payments and other	(641)	(2,529)
Net cash used in financing activities	(3,414)	(13,856)
Effect of exchange rate changes on cash	0	19
Net change in cash, cash equivalents and restricted cash	29,353	(49,358)
Cash, cash equivalents and restricted cash at beginning of period	12,367	101,606
Cash, cash equivalents and restricted cash at end of period	41,720	52,248
Gain on remeasurement of cost method investment		$ 6,577

Supplemental Cash Flow Informat

Supplemental Cash Flow Information - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Cash paid for interest	$ 1,090	$ 767
Cash (received) paid for income taxes, net of refunds	(30,456)	11,477
Purchase of equipment through capital lease obligation	0	724
Purchase price	0	54,700
Cash acquired	0	(1,302)
Restricted cash acquired	0	(110)
Value of existing ownership in Circulation	0	(9,577)
Purchase consideration payable	0	(1,644)
Acquisitions, net of cash acquired	$ 0	$ 42,067

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 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 provides a broad array of assessment and care management services that improve health outcomes for individuals and financial performance for health plans. Matrix’s national network of community-based clinicians delivers in-home services while its fleet of mobile health clinics provide community-based care with advance diagnostic capabilities. These solutions combined with Matrix’s advanced engagement approach, helps health plans manage risks, close care gaps and connect members to care. 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 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 nine months ended September 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 September 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 320,697 $ (7,186) $ 313,511 General and administrative expense 9,859 7,186 17,045 Nine Months Ended September 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 955,523 $ (21,156) $ 934,367 General and administrative expense 31,925 21,156 53,081 (1) Adjusted for discontinued operations, as described in Note 15.

Significant Accounting Policies

Significant Accounting Policies and Recent Accounting Pronouncements	9 Months Ended
	Sep. 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 nine months ended September 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 does not expect the adoption of this guidance will have a material impact on its consolidated financial statements or disclosures. 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 does not expect the adoption of this guidance will have a material impact on its consolidated financial statements or disclosures. 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 has elected to apply a prospective transition approach and will therefore apply the transition requirements to any eligible costs incurred after adoption. The Company is not aware of any material costs to be incurred subsequent to the adoption date. However, the Company will continue to evaluate the impact of ASU 2018-15 on its consolidated financial statements until adoption.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 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 September 30, 2019 Three Months Ended September 30, 2018 State Medicaid agency contracts $ 196,891 $ 183,661 Managed care organization contracts 196,494 160,110 Total Service revenue, net $ 393,385 $ 343,771 Capitated contracts $ 334,549 $ 297,808 Non-capitated contracts 58,836 45,963 Total Service revenue, net $ 393,385 $ 343,771 Nine months ended September 30, 2019 Nine months ended September 30, 2018 State Medicaid agency contracts $ 551,632 $ 544,409 Managed care organization contracts 573,479 479,794 Total Service revenue, net $ 1,125,111 $ 1,024,203 Capitated contracts $ 947,811 $ 869,203 Non-capitated contracts 177,300 155,000 Total Service revenue, net $ 1,125,111 $ 1,024,203 During the three months ended September 30, 2019 and 2018, NET Services recogniz ed $15,332 a nd $1,956, respectively, from contractual adjustments relating to performance obligations satisfied in previous periods to which the customer agreed. During the nine months ended September 30, 2019 and 2018, NET Services recogniz ed $8,460 a nd $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: September 30, 2019 December 31, 2018 Accounts receivable $ 139,897 $ 101,340 NET Services’ reconciliation contract receivable 61,851 48,270 Allowance for doubtful accounts (3,516) (1,854) $ 198,232 $ 147,756 The following table provides information about other accounts included on the accompanying condensed consolidated balance sheets: September 30, 2019 December 31, 2018 Accrued contract payments, included in “ accrued expenses ” $ 7,672 $ 9,756 Deferred revenue, current 231 562 Deferred revenue, long-term, included in “ other long-term liabilities ” 808 963

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	9 Months Ended
	Sep. 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: September 30, 2019 September 30, 2018 Cash and cash equivalents $ 40,637 $ 47,492 Restricted cash, current 833 1,624 Current assets of discontinued operations 250 — Restricted cash, less current portion — 3,132 Cash, cash equivalents and restricted cash $ 41,720 $ 52,248 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. 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

Equity Investment

Equity Investment	9 Months Ended
	Sep. 30, 2019
Equity Method Investment, Summarized Financial Information [Abstract]
Equity Investment	Equity Investment As of both September 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 loss 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 September 30, 2019 and December 31, 2018 totaled $154,532 and $161,503, respectively. Summary financial information for Matrix on a standalone basis is as follows: September 30, 2019 December 31, 2018 Current assets $ 70,888 $ 61,565 Long-term assets 694,604 719,450 Current liabilities 31,342 27,619 Long-term liabilities 366,491 373,159 Three Months ended September 30, 2019 Three months ended September 30, 2018 Revenue $ 71,663 $ 70,522 Operating (loss) income (2,640) 1,492 Net loss (6,906) (4,351) Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 Revenue $ 210,807 $ 216,361 Operating (loss) income (542) 5,330 Net loss (15,054) (13,736)

Prepaid Expenses and Other

Prepaid Expenses and Other	9 Months Ended
	Sep. 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: September 30, 2019 December 31, 2018 Prepaid income taxes $ 2,488 $ 35,207 Prepaid insurance 1,862 1,308 Prepaid rent 861 828 Other prepaid expenses 6,224 6,824 Total prepaid expenses and other $ 11,435 $ 44,167

Accrued Expenses

Accrued Expenses	9 Months Ended
	Sep. 30, 2019
Accrued Liabilities, Current [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following: September 30, 2019 December 31, 2018 Accrued compensation $ 10,076 $ 11,050 NET Services accrued contract payments 7,672 9,756 Accrued cash settled stock-based compensation 3,325 3,719 Other accrued expenses 11,581 14,666 Total accrued expenses $ 32,654 $ 39,191

Restructuring and Related Reorg

Restructuring and Related Reorganization Costs	9 Months Ended
	Sep. 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 those employees if they remained 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 o f $613 and $3,714 in restructuring and related costs was incurred during the three and nine months ended September 30, 2019, respectively, related to the Organizational Consolidation. These costs include, respectively, $145 and $2,356 of r etention and personnel costs, $0 and $282 of stock-based compensation expense, $0 and $237 of depreciation and $468 and $839 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 $12,522 in restructuring and related costs was incurred on a cumulative basis through September 30, 2019 related to the Organizational Consolidation. These costs include $7,454 of retention and personnel costs, $2,013 of stock-based compensation expense, $673 of depreciation and $2,382 of other costs, primarily related to recruiting and l egal costs. The current year restructuring and related 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, 2019 Costs Cash Payments and Adjustments September 30, 2019 Retention and personnel liability $ 1,956 $ 2,356 $ (4,312) $ — Other liability 398 842 (1,240) — Total $ 2,354 $ 3,198 $ (5,552) $ — January 1, 2018 Costs Cash Payments September 30, 2018 Retention and personnel liability $ — $ 2,038 $ (111) $ 1,927 Other liability — 1,265 (786) 479 Total $ — $ 3,303 $ (897) $ 2,406 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	9 Months Ended
	Sep. 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 September 30, 2019 Assets Operating lease assets Operating lease ROU assets $ 20,266 Finance lease assets Property and equipment, net (1) 603 Total leased assets $ 20,869 Liabilities Current: Operating Current portion of operating lease liabilities $ 6,742 Finance Current portion of long-term obligations 308 Long-term: Operating Operating lease liabilities, less current portion 14,786 Finance Long-term obligations, less current portion 122 Total lease liabilities $ 21,958 (1) Finance leased assets have an accumulated amortization o f $338. As of September 30, 2019, maturities of lease liabilities are as follows: Operating Leases Finance Leases Total Remainder of 2019 $ 2,715 $ 81 $ 2,796 2020 8,452 322 8,774 2021 5,845 27 5,872 2022 4,869 — 4,869 2023 2,891 — 2,891 Thereafter 2,215 $ — 2,215 Total lease payments $ 26,987 $ 430 $ 27,417 Less: interest and accretion (5,459) — (5,459) Present value of minimum lease payments $ 21,528 $ 430 $ 21,958 Less: current portion (6,742) (308) (7,050) Long-term portion $ 14,786 $ 122 $ 14,908 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: September 30, 2019 Weighted-average remaining lease term (years): Operating lease costs 3.68 Finance lease cost 1.34 Weighted-average discount rate: Operating lease costs 5.3 % Finance lease cost 3.3 % For the three and nine months ended September 30, 2019, our operating lease costs wer e $2,674 an d $7,877 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 September 30, 2019 Nine Months Ended September 30, 2019 Financing cash flows from finance leases $ (75) $ (641) Operating cash flows from operating leases (2,753) (7,956) Amortization of operating leased ROU assets to the operating lease liability 2,523 7,986 ROU assets obtained through operating lease liabilities 3,488 4,770
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 September 30, 2019 Assets Operating lease assets Operating lease ROU assets $ 20,266 Finance lease assets Property and equipment, net (1) 603 Total leased assets $ 20,869 Liabilities Current: Operating Current portion of operating lease liabilities $ 6,742 Finance Current portion of long-term obligations 308 Long-term: Operating Operating lease liabilities, less current portion 14,786 Finance Long-term obligations, less current portion 122 Total lease liabilities $ 21,958 (1) Finance leased assets have an accumulated amortization o f $338. As of September 30, 2019, maturities of lease liabilities are as follows: Operating Leases Finance Leases Total Remainder of 2019 $ 2,715 $ 81 $ 2,796 2020 8,452 322 8,774 2021 5,845 27 5,872 2022 4,869 — 4,869 2023 2,891 — 2,891 Thereafter 2,215 $ — 2,215 Total lease payments $ 26,987 $ 430 $ 27,417 Less: interest and accretion (5,459) — (5,459) Present value of minimum lease payments $ 21,528 $ 430 $ 21,958 Less: current portion (6,742) (308) (7,050) Long-term portion $ 14,786 $ 122 $ 14,908 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: September 30, 2019 Weighted-average remaining lease term (years): Operating lease costs 3.68 Finance lease cost 1.34 Weighted-average discount rate: Operating lease costs 5.3 % Finance lease cost 3.3 % For the three and nine months ended September 30, 2019, our operating lease costs wer e $2,674 an d $7,877 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 September 30, 2019 Nine Months Ended September 30, 2019 Financing cash flows from finance leases $ (75) $ (641) Operating cash flows from operating leases (2,753) (7,956) Amortization of operating leased ROU assets to the operating lease liability 2,523 7,986 ROU assets obtained through operating lease liabilities 3,488 4,770

Stock-Based Compensation and Si

Stock-Based Compensation and Similar Arrangements	9 Months Ended
	Sep. 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”), restricted stock units ("RSUs") 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 nine months ended September 30, 2019 and 2018: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 General and administrative expense $ 855 $ 1,927 $ 4,247 $ 6,209 Equity in net loss (income) of investee — (24) — 137 Total stock-based compensation $ 855 $ 1,903 $ 4,247 $ 6,346 On September 20, 2019, the Company granted 46,865 RSUs and 88,264 stock options to executive management and key employees of the Company at a price of $58.84, which was the closing price of the Company’s common stock on the grant date. The RSUs and options will vest over 3.5 years with (i) 33.3% of the options vesting on March 15, 2021, (ii) 33.3% of the options vesting on March 15, 2022, and (iii) 33.4% of the options vesting on March 15, 2023. There are a few employee exceptions to the vesting schedule. For these employees, the RSUs and options are subject to vesting over the period designated in the respective employee’s agreements. As there is no expiration date, the RSUs can be exercised at any point in the future subject to the vesting period designation in the employee’s agreements. The options have an expiration date of September 20, 2024. At September 30, 2019, the Company had 620,859 s tock options outstanding with a weighted-average exercise price of $62.72. T he Company also had 49,295 unvested RSAs and 46,865 RSUs outstanding at September 30, 2019 with a weighted-average grant date fair value of $61.95 and $58.84, respectively. 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 September 30, 2019 and September 30, 2018, the Company r ecorded $371 o f stock-based compensation expense and recorded a benefit of $2,191 for cash-settled awards, respectively. During the nine months ended September 30, 2019 and September 30, 2018, the Company reco rded $203 of stock-based compensation benefit and recorded expense of $1,435 for cash-settled awards, respectively. The expense and benefit 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 nine months ended September 30, 2019 and 2018 is almost entirely attributable to the Company’s change in stock price from the previous reporting peri od. The liability for unexercised cash-settled share-based payment awards of $3,325 and $3,719 at September 30, 2019 and December 31, 2018, respectively, is reflected in “Accrued expenses” in the condensed consolidated balance sheets. At September 30, 2019, the Company ha d 4,234 SEUs a nd 200,000 s tock 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”) 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 September 30, 2019 and December 31, 2018, the Company has accru ed $3,769 an

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The following table details the computation of basic and diluted earnings (loss) per share: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Numerator: Net income attributable to Providence $ 8,154 $ 7,154 $ 7,024 $ 1,371 Less dividends on convertible preferred stock (1,109) (1,113) (3,295) (3,310) Less income allocated to participating securities (941) (817) (499) — Net income (loss) available to common stockholders $ 6,104 $ 5,224 $ 3,230 $ (1,939) Continuing operations $ 6,473 $ 7,787 $ 2,762 $ 16,087 Discontinued operations (369) (2,563) 468 (18,026) Net income (loss) available to common stockholders $ 6,104 $ 5,224 $ 3,230 $ (1,939) Denominator: Denominator for basic earnings per share -- weighted-average shares 12,993,934 12,865,777 12,956,222 12,992,403 Effect of dilutive securities: Common stock options 10,515 61,345 21,376 76,737 Denominator for diluted earnings per share -- adjusted weighted-average shares assumed conversion 13,004,449 12,927,122 12,977,598 13,069,140 Basic earnings (loss) per share: Continuing operations $ 0.50 $ 0.61 $ 0.21 $ 1.24 Discontinued operations (0.03) (0.20) 0.04 (1.39) Basic earnings (loss) per share $ 0.47 $ 0.41 $ 0.25 $ (0.15) Diluted earnings (loss) per share: Continuing operations $ 0.50 $ 0.60 $ 0.21 $ 1.23 Discontinued operations (0.03) (0.20) 0.04 (1.38) Diluted earnings (loss) per share $ 0.47 $ 0.40 $ 0.25 $ (0.15) 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 September 30, 2019 2018 Stock options to purchase common stock 420,846 358,310 Convertible preferred stock 799,969 801,935 Nine months ended 2019 2018 Stock options to purchase common stock 499,611 333,030 Convertible preferred stock 800,983 802,762

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate from continuing operations for the three and nine months ended September 30, 2019 was 37.3% and 37.8%, respectively. The effective tax rate from continuing operations for the three and nine months ended September 30, 2018 was 27.4% and 26.1%, respectively. These effective tax rates were higher than the U.S. federal statutory rate of 21.0% primarily due to state income ta xes and certain non-deductible expenses offset, in part, by the favorable impact of stock option deductions. For 2018, the impact of these items was partially offset by no income tax provision being recorded on the gain on remeasurement of cost method investment of $6,577. During 2019, the Company received refunds from the Internal Revenue Service (“IRS”) totaling $30,756 resulting from the carryback of losses from the 2018 sale of its workforce development segment. The IRS subsequently informed the Company that its 2015-2018 tax returns will be examined. This examination began in October 2019 and will include a mandated review by a joint committee of Congress due to the size of the refund received. 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	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Debt On July 12, 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 extended the maturity date of the Credit Agreement to August 2, 2020. As of September 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. On September 6, 2019, Ms. Patel amended her complaint to add Provado Mobile Health, a Company subsidiary, as a party to the suit. 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 and its subsidiary intend to defend the litigation vigorously. Although the outcome of such matter is inherently uncertain and may be materially adverse, based on current information, the Company does not expect the case to have a material adverse effect on the Company’s business, financial condition or results of operations. In Lynch v. Ride Plus et al ., a putative class action lawsuit pending in the Superior Court for the County of San Diego, California, a former Ride Plus driver has sought to represent all Ride Plus drivers in California on claims that they were misclassified as independent contractors and that, among other things, they were not paid minimum wages, overtime wages, meal period premiums and rest period premiums. The Company has not yet been served with the complaint but intends to vigorously defend the claims. At this early stage in the litigation, it is impossible to predict with any certainty whether plaintiff will succeed in getting the court to certify a class, whether she and the class will prevail on their claims, or what they might recover. 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 September 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 September 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 September 30, 2019 collectively held approximatel y 9.5% of the Company’s outstanding common stock and approximat ely 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

Transactions with Related Parti

Transactions with Related Parties	9 Months Ended
	Sep. 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 September 30, 2019 and 2018 totaled $1,062 in both periods. Convertible preferred stock dividends earned by the Coliseum Stockholders during the nine months ended September 30, 2019 and 2018 totaled $3,151 in both periods.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 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 nine months ended September 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 nine months ended September 30, 2019 and 2018: Three Months Ended September 30, 2019 Human Services WD Services Total Discontinued Operating expenses: General and administrative (income) expense $ (12) $ 480 $ 468 Total operating (income) expense (12) 480 468 Operating income (loss) 12 (480) (468) Income (loss) from discontinued operations before income taxes 12 (480) (468) (Provision) benefit for income taxes (3) 45 42 Income (loss) from discontinued operations, net of tax $ 9 $ (435) $ (426) Nine Months Ended September 30, 2019 Human Services WD Services Total Discontinued Operating expenses: General and administrative expense (income) $ 205 $ (1,617) $ (1,412) Total operating expense (income) 205 (1,617) (1,412) Operating (loss) income (205) 1,617 1,412 (Loss) income from discontinued operations before income taxes (205) 1,617 1,412 Benefit (provision) for income taxes 50 (922) (872) (Loss) income from discontinued operations, net of tax $ (155) $ 695 $ 540 Three Months Ended September 30, 2018 Human Services WD Services Total Discontinued Service revenue, net $ — $ 77,548 $ 77,548 Operating expenses: Service expense — 70,911 70,911 General and administrative expense (721) 6,344 5,623 Depreciation and amortization — 2,861 2,861 Total operating (income) expenses (721) 80,116 79,395 Operating income (loss) 721 (2,568) (1,847) Other income (expense): Other expense — (669) (669) Interest expense, net — (97) (97) Gain on foreign currency transactions — 178 178 Equity in net gain of investee — 29 29 Income (loss) from discontinued operations before income taxes 721 (3,127) (2,406) Provision for income taxes (179) (379) (558) Income (loss) from discontinued operations, net of tax $ 542 $ (3,506) $ (2,964) Nine Months Ended September 30, 2018 Human Services WD Services Total Discontinued Service revenue, net $ — $ 214,956 $ 214,956 Operating expenses: Service expense — 192,390 192,390 General and administrative expense (645) 21,969 21,324 Asset impairment charge — 9,203 9,203 Depreciation and amortization — 9,210 9,210 Total operating (income) expenses (645) 232,772 232,127 Operating income (loss) 645 (17,816) (17,171) Other income (expense): Other expense — (669) (669) Interest expense, net — (109) (109) Gain on foreign currency transactions — 807 807 Equity in net gain of investee — 80 80 Income (loss) from discontinued operations before income taxes 645 (17,707) (17,062) Provision for income taxes (160) (804) (964) Income (loss) from discontinued operations, net of tax $ 485 $ (18,511) $ (18,026) 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 o f September 30, 2019 a nd 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. September 30, December 31, 2019 2018 Cash and cash equivalents $ 250 $ 2,321 Accounts receivable, net of allowance of $0 in 2019 and $3,460 in 2018 — 4,316 Prepaid expenses and other 72 414 Current assets of discontinued operations $ 322 $ 7,051 Accounts payable $ 22 $ 486 Accrued expenses 1,224 2,771 Current liabilities of discontinued operations $ 1,246 $ 3,257 Deferred tax liabilities $ 639 $ — Noncurrent liabilities of discontinued operations $ 639 $ — Cash Flow Information The following table presents cash flow information of the discontinued operations for the nine months ended September 30, 2019 and 2018: Nine Months Ended September 30, 2019 WD Services Segment Cash flow information from discontinued operating activities: Deferred income taxes $ 639 Nine Months Ended September 30, 2018 WD Services Segment Cash flow information from discontinued operating activities: Depreciation $ 5,300 Amortization 3,910 Stock-based compensation 6 Deferred income taxes (1,256) Cash flows from discontinued investing activities: Purchase of property and equipment $ 4,611

Segments

Segments	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segments	SegmentsEffective 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, provides a broad array of assessment and care management services that improve health outcomes for individuals and financial performance for health plans. Matrix’s national network of community-based clinicians deliver in-home services while its fleet of mobile health clinics provide community-based care with advance diagnostic capabilities. We have reclassified prior period segment amounts to conform to the current presentation, which are summarized as follows: Three Months Ended September 30, 2018 As Previously Reported (1) Segment Reclassification Other Reclassification (Note 1) As Reported General and administrative : NET Services $ 3,904 $ 5,955 $ 7,186 $ 17,045 Corporate and Other 5,955 (5,955) — — Depreciation and amortization: NET Services 3,543 237 — 3,780 Corporate and Other 237 (237) — — Operating income (loss) : NET Services 15,627 (6,192) — 9,435 Corporate and Other (6,192) 6,192 — — (1) Adjusted for discontinued operations, as described in Note 15. Nine Months Ended September 30, 2018 As Previously Reported (1) Segment Reclassification Other Reclassification (Note 1) As Reported General and administrative: NET Services $ 9,121 $ 22,802 $ 21,158 $ 53,081 Corporate and Other 22,802 (22,802) — — Service expense Net Services 955,796 (271) (21,158) 934,367 Corporate and Other (271) 271 — — Depreciation and amortization: NET Services 10,548 559 — 11,107 Corporate and Other 559 (559) — — Operating income (loss): NET Services 48,060 (23,090) — 24,970 Corporate and Other (23,090) 23,090 — — The following tables set forth certain financial information from continuing operations attributable to the Company’s business segments: Three months ended September 30, 2019 NET Services Matrix Total Service revenue, net $ 393,385 $ — $ 393,385 Service expense 356,271 — 356,271 General and administrative expense 15,979 — 15,979 Depreciation and amortization 4,148 — 4,148 Operating income $ 16,987 $ — $ 16,987 Equity in net loss of investee $ — $ (3,188) $ (3,188) September 30, 2019 Total assets (continuing operations) $ 465,688 $ 154,532 $ 620,220 Nine Months Ended September 30, 2019 NET Services Matrix Total Service revenue, net $ 1,125,111 $ — $ 1,125,111 Service expense 1,042,717 — 1,042,717 General and administrative expense 52,241 — 52,241 Asset impairment charge — — — Depreciation and amortization 12,976 — 12,976 Operating income $ 17,177 $ — $ 17,177 Equity in net loss of investee $ — $ (6,159) $ (6,159) Three months ended September 30, 2018 NET Services Matrix Total Service revenue, net $ 343,771 $ — $ 343,771 Service expense 313,511 — 313,511 General and administrative expense 17,045 — 17,045 Asset impairment charge — — — Depreciation and amortization 3,780 — 3,780 Operating income $ 9,435 $ — $ 9,435 Equity in net loss of investee $ — $ (1,587) $ (1,587) Nine Months Ended September 30, 2018 NET Services Matrix Total Service revenue, net $ 1,024,203 $ — $ 1,024,203 Service expense 934,367 — 934,367 General and administrative expense 53,081 — 53,081 Asset impairment charge 678 — 678 Depreciation and amortization 11,107 — 11,107 Operating income $ 24,970 $ — $ 24,970 Equity in net loss of investee $ — $ (4,106) $ (4,106)

Significant Accounting Polici_2

Significant Accounting Policies and Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 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 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 nine months ended September 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 September 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 320,697 $ (7,186) $ 313,511 General and administrative expense 9,859 7,186 17,045 Nine Months Ended September 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 955,523 $ (21,156) $ 934,367 General and administrative expense 31,925 21,156 53,081 (1) Adjusted for discontinued operations, as described in Note 15.
New Accounting Pronouncements	The Company adopted the following accounting pronouncements during the nine months ended September 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 does not expect the adoption of this guidance will have a material impact on its consolidated financial statements or disclosures. 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 does not expect the adoption of this guidance will have a material impact on its consolidated financial statements or disclosures. 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 has elected to apply a prospective transition approach and will therefore apply the transition requirements to any eligible costs incurred after adoption. The Company is not aware of any material costs to be incurred subsequent to the adoption date. However, the Company will continue to evaluate the impact of ASU 2018-15 on its consolidated financial statements until adoption.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 320,697 $ (7,186) $ 313,511 General and administrative expense 9,859 7,186 17,045 Nine Months Ended September 30, 2018 As Previously Reported (1) Reclassifications As Reported Service expense $ 955,523 $ (21,156) $ 934,367 General and administrative expense 31,925 21,156 53,081 (1) Adjusted for discontinued operations, as described in Note 15.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 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 September 30, 2019 Three Months Ended September 30, 2018 State Medicaid agency contracts $ 196,891 $ 183,661 Managed care organization contracts 196,494 160,110 Total Service revenue, net $ 393,385 $ 343,771 Capitated contracts $ 334,549 $ 297,808 Non-capitated contracts 58,836 45,963 Total Service revenue, net $ 393,385 $ 343,771 Nine months ended September 30, 2019 Nine months ended September 30, 2018 State Medicaid agency contracts $ 551,632 $ 544,409 Managed care organization contracts 573,479 479,794 Total Service revenue, net $ 1,125,111 $ 1,024,203 Capitated contracts $ 947,811 $ 869,203 Non-capitated contracts 177,300 155,000 Total Service revenue, net $ 1,125,111 $ 1,024,203
Schedule of Accounts Receivable	The following table provides information about accounts receivable, net: September 30, 2019 December 31, 2018 Accounts receivable $ 139,897 $ 101,340 NET Services’ reconciliation contract receivable 61,851 48,270 Allowance for doubtful accounts (3,516) (1,854) $ 198,232 $ 147,756
Other Account Liabilities	The following table provides information about other accounts included on the accompanying condensed consolidated balance sheets: September 30, 2019 December 31, 2018 Accrued contract payments, included in “ accrued expenses ” $ 7,672 $ 9,756 Deferred revenue, current 231 562 Deferred revenue, long-term, included in “ other long-term liabilities ” 808 963

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	9 Months Ended
	Sep. 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: September 30, 2019 September 30, 2018 Cash and cash equivalents $ 40,637 $ 47,492 Restricted cash, current 833 1,624 Current assets of discontinued operations 250 — Restricted cash, less current portion — 3,132 Cash, cash equivalents and restricted cash $ 41,720 $ 52,248

Equity Investment (Tables)

Equity Investment (Tables)	9 Months Ended
	Sep. 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: September 30, 2019 December 31, 2018 Current assets $ 70,888 $ 61,565 Long-term assets 694,604 719,450 Current liabilities 31,342 27,619 Long-term liabilities 366,491 373,159 Three Months ended September 30, 2019 Three months ended September 30, 2018 Revenue $ 71,663 $ 70,522 Operating (loss) income (2,640) 1,492 Net loss (6,906) (4,351) Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 Revenue $ 210,807 $ 216,361 Operating (loss) income (542) 5,330 Net loss (15,054) (13,736)

Prepaid Expenses and Other (Tab

Prepaid Expenses and Other (Tables)	9 Months Ended
	Sep. 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: September 30, 2019 December 31, 2018 Prepaid income taxes $ 2,488 $ 35,207 Prepaid insurance 1,862 1,308 Prepaid rent 861 828 Other prepaid expenses 6,224 6,824 Total prepaid expenses and other $ 11,435 $ 44,167

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2019
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued expenses consisted of the following: September 30, 2019 December 31, 2018 Accrued compensation $ 10,076 $ 11,050 NET Services accrued contract payments 7,672 9,756 Accrued cash settled stock-based compensation 3,325 3,719 Other accrued expenses 11,581 14,666 Total accrued expenses $ 32,654 $ 39,191

Restructuring and Related Reo_2

Restructuring and Related Reorganization Costs (Tables)	9 Months Ended
	Sep. 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, 2019 Costs Cash Payments and Adjustments September 30, 2019 Retention and personnel liability $ 1,956 $ 2,356 $ (4,312) $ — Other liability 398 842 (1,240) — Total $ 2,354 $ 3,198 $ (5,552) $ — January 1, 2018 Costs Cash Payments September 30, 2018 Retention and personnel liability $ — $ 2,038 $ (111) $ 1,927 Other liability — 1,265 (786) 479 Total $ — $ 3,303 $ (897) $ 2,406

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lease Classifications	A summary of all lease classifications in our condensed consolidated balance sheet is as follows: Leases Classification September 30, 2019 Assets Operating lease assets Operating lease ROU assets $ 20,266 Finance lease assets Property and equipment, net (1) 603 Total leased assets $ 20,869 Liabilities Current: Operating Current portion of operating lease liabilities $ 6,742 Finance Current portion of long-term obligations 308 Long-term: Operating Operating lease liabilities, less current portion 14,786 Finance Long-term obligations, less current portion 122 Total lease liabilities $ 21,958 (1) Finance leased assets have an accumulated amortization o f $338.
Maturities of Operating Lease Liabilities	As of September 30, 2019, maturities of lease liabilities are as follows: Operating Leases Finance Leases Total Remainder of 2019 $ 2,715 $ 81 $ 2,796 2020 8,452 322 8,774 2021 5,845 27 5,872 2022 4,869 — 4,869 2023 2,891 — 2,891 Thereafter 2,215 $ — 2,215 Total lease payments $ 26,987 $ 430 $ 27,417 Less: interest and accretion (5,459) — (5,459) Present value of minimum lease payments $ 21,528 $ 430 $ 21,958 Less: current portion (6,742) (308) (7,050) Long-term portion $ 14,786 $ 122 $ 14,908
Maturities of Financing Lease Liabilities	As of September 30, 2019, maturities of lease liabilities are as follows: Operating Leases Finance Leases Total Remainder of 2019 $ 2,715 $ 81 $ 2,796 2020 8,452 322 8,774 2021 5,845 27 5,872 2022 4,869 — 4,869 2023 2,891 — 2,891 Thereafter 2,215 $ — 2,215 Total lease payments $ 26,987 $ 430 $ 27,417 Less: interest and accretion (5,459) — (5,459) Present value of minimum lease payments $ 21,528 $ 430 $ 21,958 Less: current portion (6,742) (308) (7,050) Long-term portion $ 14,786 $ 122 $ 14,908
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: September 30, 2019 Weighted-average remaining lease term (years): Operating lease costs 3.68 Finance lease cost 1.34 Weighted-average discount rate: Operating lease costs 5.3 % Finance lease cost 3.3 % For the three and nine months ended September 30, 2019, our operating lease costs wer e $2,674 an d $7,877 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 September 30, 2019 Nine Months Ended September 30, 2019 Financing cash flows from finance leases $ (75) $ (641) Operating cash flows from operating leases (2,753) (7,956) Amortization of operating leased ROU assets to the operating lease liability 2,523 7,986 ROU assets obtained through operating lease liabilities 3,488 4,770

Stock-Based Compensation and _2

Stock-Based Compensation and Similar Arrangements (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2019 and 2018: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 General and administrative expense $ 855 $ 1,927 $ 4,247 $ 6,209 Equity in net loss (income) of investee — (24) — 137 Total stock-based compensation $ 855 $ 1,903 $ 4,247 $ 6,346

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table details the computation of basic and diluted earnings (loss) per share: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Numerator: Net income attributable to Providence $ 8,154 $ 7,154 $ 7,024 $ 1,371 Less dividends on convertible preferred stock (1,109) (1,113) (3,295) (3,310) Less income allocated to participating securities (941) (817) (499) — Net income (loss) available to common stockholders $ 6,104 $ 5,224 $ 3,230 $ (1,939) Continuing operations $ 6,473 $ 7,787 $ 2,762 $ 16,087 Discontinued operations (369) (2,563) 468 (18,026) Net income (loss) available to common stockholders $ 6,104 $ 5,224 $ 3,230 $ (1,939) Denominator: Denominator for basic earnings per share -- weighted-average shares 12,993,934 12,865,777 12,956,222 12,992,403 Effect of dilutive securities: Common stock options 10,515 61,345 21,376 76,737 Denominator for diluted earnings per share -- adjusted weighted-average shares assumed conversion 13,004,449 12,927,122 12,977,598 13,069,140 Basic earnings (loss) per share: Continuing operations $ 0.50 $ 0.61 $ 0.21 $ 1.24 Discontinued operations (0.03) (0.20) 0.04 (1.39) Basic earnings (loss) per share $ 0.47 $ 0.41 $ 0.25 $ (0.15) Diluted earnings (loss) per share: Continuing operations $ 0.50 $ 0.60 $ 0.21 $ 1.23 Discontinued operations (0.03) (0.20) 0.04 (1.38) Diluted earnings (loss) per share $ 0.47 $ 0.40 $ 0.25 $ (0.15)
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 September 30, 2019 2018 Stock options to purchase common stock 420,846 358,310 Convertible preferred stock 799,969 801,935 Nine months ended 2019 2018 Stock options to purchase common stock 499,611 333,030 Convertible preferred stock 800,983 802,762

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2019 and 2018: Three Months Ended September 30, 2019 Human Services WD Services Total Discontinued Operating expenses: General and administrative (income) expense $ (12) $ 480 $ 468 Total operating (income) expense (12) 480 468 Operating income (loss) 12 (480) (468) Income (loss) from discontinued operations before income taxes 12 (480) (468) (Provision) benefit for income taxes (3) 45 42 Income (loss) from discontinued operations, net of tax $ 9 $ (435) $ (426) Nine Months Ended September 30, 2019 Human Services WD Services Total Discontinued Operating expenses: General and administrative expense (income) $ 205 $ (1,617) $ (1,412) Total operating expense (income) 205 (1,617) (1,412) Operating (loss) income (205) 1,617 1,412 (Loss) income from discontinued operations before income taxes (205) 1,617 1,412 Benefit (provision) for income taxes 50 (922) (872) (Loss) income from discontinued operations, net of tax $ (155) $ 695 $ 540 Three Months Ended September 30, 2018 Human Services WD Services Total Discontinued Service revenue, net $ — $ 77,548 $ 77,548 Operating expenses: Service expense — 70,911 70,911 General and administrative expense (721) 6,344 5,623 Depreciation and amortization — 2,861 2,861 Total operating (income) expenses (721) 80,116 79,395 Operating income (loss) 721 (2,568) (1,847) Other income (expense): Other expense — (669) (669) Interest expense, net — (97) (97) Gain on foreign currency transactions — 178 178 Equity in net gain of investee — 29 29 Income (loss) from discontinued operations before income taxes 721 (3,127) (2,406) Provision for income taxes (179) (379) (558) Income (loss) from discontinued operations, net of tax $ 542 $ (3,506) $ (2,964) Nine Months Ended September 30, 2018 Human Services WD Services Total Discontinued Service revenue, net $ — $ 214,956 $ 214,956 Operating expenses: Service expense — 192,390 192,390 General and administrative expense (645) 21,969 21,324 Asset impairment charge — 9,203 9,203 Depreciation and amortization — 9,210 9,210 Total operating (income) expenses (645) 232,772 232,127 Operating income (loss) 645 (17,816) (17,171) Other income (expense): Other expense — (669) (669) Interest expense, net — (109) (109) Gain on foreign currency transactions — 807 807 Equity in net gain of investee — 80 80 Income (loss) from discontinued operations before income taxes 645 (17,707) (17,062) Provision for income taxes (160) (804) (964) Income (loss) from discontinued operations, net of tax $ 485 $ (18,511) $ (18,026) 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 o f September 30, 2019 a nd 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. September 30, December 31, 2019 2018 Cash and cash equivalents $ 250 $ 2,321 Accounts receivable, net of allowance of $0 in 2019 and $3,460 in 2018 — 4,316 Prepaid expenses and other 72 414 Current assets of discontinued operations $ 322 $ 7,051 Accounts payable $ 22 $ 486 Accrued expenses 1,224 2,771 Current liabilities of discontinued operations $ 1,246 $ 3,257 Deferred tax liabilities $ 639 $ — Noncurrent liabilities of discontinued operations $ 639 $ — Cash Flow Information The following table presents cash flow information of the discontinued operations for the nine months ended September 30, 2019 and 2018: Nine Months Ended September 30, 2019 WD Services Segment Cash flow information from discontinued operating activities: Deferred income taxes $ 639 Nine Months Ended September 30, 2018 WD Services Segment Cash flow information from discontinued operating activities: Depreciation $ 5,300 Amortization 3,910 Stock-based compensation 6 Deferred income taxes (1,256) Cash flows from discontinued investing activities: Purchase of property and equipment $ 4,611

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 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 September 30, 2018 As Previously Reported (1) Segment Reclassification Other Reclassification (Note 1) As Reported General and administrative : NET Services $ 3,904 $ 5,955 $ 7,186 $ 17,045 Corporate and Other 5,955 (5,955) — — Depreciation and amortization: NET Services 3,543 237 — 3,780 Corporate and Other 237 (237) — — Operating income (loss) : NET Services 15,627 (6,192) — 9,435 Corporate and Other (6,192) 6,192 — — (1) Adjusted for discontinued operations, as described in Note 15. Nine Months Ended September 30, 2018 As Previously Reported (1) Segment Reclassification Other Reclassification (Note 1) As Reported General and administrative: NET Services $ 9,121 $ 22,802 $ 21,158 $ 53,081 Corporate and Other 22,802 (22,802) — — Service expense Net Services 955,796 (271) (21,158) 934,367 Corporate and Other (271) 271 — — Depreciation and amortization: NET Services 10,548 559 — 11,107 Corporate and Other 559 (559) — — Operating income (loss): NET Services 48,060 (23,090) — 24,970 Corporate and Other (23,090) 23,090 — — The following tables set forth certain financial information from continuing operations attributable to the Company’s business segments: Three months ended September 30, 2019 NET Services Matrix Total Service revenue, net $ 393,385 $ — $ 393,385 Service expense 356,271 — 356,271 General and administrative expense 15,979 — 15,979 Depreciation and amortization 4,148 — 4,148 Operating income $ 16,987 $ — $ 16,987 Equity in net loss of investee $ — $ (3,188) $ (3,188) September 30, 2019 Total assets (continuing operations) $ 465,688 $ 154,532 $ 620,220 Nine Months Ended September 30, 2019 NET Services Matrix Total Service revenue, net $ 1,125,111 $ — $ 1,125,111 Service expense 1,042,717 — 1,042,717 General and administrative expense 52,241 — 52,241 Asset impairment charge — — — Depreciation and amortization 12,976 — 12,976 Operating income $ 17,177 $ — $ 17,177 Equity in net loss of investee $ — $ (6,159) $ (6,159) Three months ended September 30, 2018 NET Services Matrix Total Service revenue, net $ 343,771 $ — $ 343,771 Service expense 313,511 — 313,511 General and administrative expense 17,045 — 17,045 Asset impairment charge — — — Depreciation and amortization 3,780 — 3,780 Operating income $ 9,435 $ — $ 9,435 Equity in net loss of investee $ — $ (1,587) $ (1,587) Nine Months Ended September 30, 2018 NET Services Matrix Total Service revenue, net $ 1,024,203 $ — $ 1,024,203 Service expense 934,367 — 934,367 General and administrative expense 53,081 — 53,081 Asset impairment charge 678 — 678 Depreciation and amortization 11,107 — 11,107 Operating income $ 24,970 $ — $ 24,970 Equity in net loss of investee $ — $ (4,106) $ (4,106)

Organization and Basis of Pre_3

Organization and Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Service Expense and General and Administrative Expense [Line Items]
Service expense	$ 356,271	$ 313,511	$ 1,042,717	$ 934,367
General and administrative expense	$ 15,979	17,045	$ 52,241	53,081
As Previously Reported
Service Expense and General and Administrative Expense [Line Items]
Service expense		320,697		955,523
General and administrative expense		9,859		31,925
Reclassifications
Service Expense and General and Administrative Expense [Line Items]
Service expense		(7,186)		(21,156)
General and administrative expense		$ 7,186		$ 21,156

Significant Accounting Polici_3

Significant Accounting Policies and Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Operating lease right-of-use assets	$ 20,266	$ 23,165	$ 0
Operating Lease, Liability	$ 21,528	$ 24,491

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (NET Services) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total Service revenue, net	$ 393,385	$ 343,771	$ 1,125,111	$ 1,024,203
NET Services
Disaggregation of Revenue [Line Items]
Total Service revenue, net	393,385	343,771	1,125,111	1,024,203
NET Services | State Medicaid agency contracts
Disaggregation of Revenue [Line Items]
Total Service revenue, net	196,891	183,661	551,632	544,409
NET Services | Managed care organization contracts
Disaggregation of Revenue [Line Items]
Total Service revenue, net	196,494	160,110	573,479	479,794
NET Services | Capitated contracts
Disaggregation of Revenue [Line Items]
Total Service revenue, net	334,549	297,808	947,811	869,203
NET Services | Non-capitated contracts
Disaggregation of Revenue [Line Items]
Total Service revenue, net	$ 58,836	$ 45,963	$ 177,300	$ 155,000

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Deferred Revenue
Revenue recognized			$ 434	$ 11,602
NET Services
Deferred Revenue
Contract with Customer, Performance Obligation Satisfied in Previous Period	$ 15,332	$ 1,956	$ 8,460	$ 5,685

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 139,897	$ 101,340
NET Services’ reconciliation contract receivable	61,851	48,270
Allowance for doubtful accounts	(3,516)	(1,854)
Accounts receivable, net	$ 198,232	$ 147,756

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Other Accounts (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Accrued contract payments, included in “accrued expenses”	$ 7,672	$ 9,756
Deferred revenue, current	231	562
Deferred revenue, long-term, included in “other long-term liabilities”	$ 808	$ 963

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 40,637	$ 5,678	$ 47,492
Restricted cash, current	833	1,482	1,624
Current assets of discontinued operations	250		0
Restricted cash, less current portion	0	2,886	3,132
Cash, cash equivalents and restricted cash	$ 41,720	$ 12,367	$ 52,248	$ 101,606

Equity Investment - Narrative (

Equity Investment - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity investment	$ 154,532	$ 161,503
Matrix
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	43.60%	43.60%
Equity investment	$ 154,532	$ 161,503
Equity method investment, ownership percentage	43.60%	43.60%

Equity Investment - Summary of

Equity Investment - Summary of Financial Information for Matrix (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Schedule of Investments [Line Items]
Current assets	$ 254,894						$ 254,894		$ 210,980
Current liabilities	165,841						165,841		142,883
Service revenue, net	393,385			$ 343,771			1,125,111	$ 1,024,203
Operating (loss) income	16,987			9,435			17,177	24,970
Net loss	8,154	$ (1,712)	$ 582	7,154	$ (11,215)	$ 5,430	7,024	1,371
Matrix
Schedule of Investments [Line Items]
Current assets	70,888						70,888		61,565
Long-term assets	694,604						694,604		719,450
Current liabilities	31,342						31,342		27,619
Long-term liabilities	366,491						366,491		$ 373,159
Service revenue, net	71,663			70,522			210,807	216,361
Operating (loss) income	(2,640)			1,492			(542)	5,330
Net loss	$ (6,906)			$ (4,351)			$ (15,054)	$ (13,736)

Prepaid Expenses and Other (Det

Prepaid Expenses and Other (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid income taxes	$ 2,488	$ 35,207
Prepaid insurance	1,862	1,308
Prepaid rent	861	828
Other prepaid expenses	6,224	6,824
Total prepaid expenses and other	$ 11,435	$ 44,167

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accrued Liabilities, Current [Abstract]
Accrued compensation	$ 10,076	$ 11,050
NET Services accrued contract payments	7,672	9,756
Accrued cash settled stock-based compensation	3,325	3,719
Other accrued expenses	11,581	14,666
Total accrued expenses	$ 32,654	$ 39,191

Restructuring and Related Reo_3

Restructuring and Related Reorganization Costs - Narrative (Details) - Corporate Restructuring Plan - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 613	$ 3,714
Restructuring reserve	0	0	$ 2,354	$ 2,406	$ 0
Restructuring charges incurred to date	12,522	12,522
Accrued Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring reserve			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	145	2,356
Restructuring reserve	0	0	1,956	1,927	0
Restructuring charges incurred to date	7,454	7,454
Acceleration of Stock-Based Compensation
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	282
Restructuring charges incurred to date	2,013	2,013
Accelerated Depreciation
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	237
Restructuring charges incurred to date	673	673
Other Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges	468	839
Restructuring reserve	0	0	$ 398	$ 479	$ 0
Restructuring charges incurred to date	$ 2,382	$ 2,382

Restructuring and Related Reo_4

Restructuring and Related Reorganization Costs - Reserve (Details) - Corporate Restructuring Plan - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 2,354	$ 0
Costs Incurred	3,198	3,303
Cash Payments and Adjustments	(5,552)	(897)
Balance at end of period	0	2,406
Retention and personnel liability
Restructuring Reserve [Roll Forward]
Balance at beginning of period	1,956	0
Costs Incurred	2,356	2,038
Cash Payments and Adjustments	(4,312)	(111)
Balance at end of period	0	1,927
Other liability
Restructuring Reserve [Roll Forward]
Balance at beginning of period	398	0
Costs Incurred	842	1,265
Cash Payments and Adjustments	(1,240)	(786)
Balance at end of period	$ 0	$ 479

Leases - Balance Sheet Classifi

Leases - Balance Sheet Classification of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Assets
Operating lease assets	$ 20,266	$ 23,165	$ 0
Finance lease assets	603
Total leased assets	20,869
Current:
Operating	6,742		0
Finance	308
Long-term:
Operating	14,786		$ 0
Finance	122
Total lease liabilities	21,958
Finance lease, accumulated amortization	$ 338

Leases - Maturities of Operatin

Leases - Maturities of Operating and Financing Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Operating Leases
Remainder of 2019	$ 2,715
2020	8,452
2021	5,845
2022	4,869
2023	2,891
Thereafter	2,215
Total lease payments	26,987
Less: interest and accretion	(5,459)
Present value of minimum lease payments	21,528	$ 24,491
Less: current portion	(6,742)		$ 0
Long-term portion	14,786		$ 0
Financing leases
Remainder of 2019	81
2020	322
2021	27
2022	0
2023	0
Thereafter	0
Total lease payments	430
Less: interest and accretion	0
Present value of minimum lease payments	430
Less: current portion	(308)
Long-term portion	122
Total
Remainder of 2019	2,796
2020	8,774
2021	5,872
2022	4,869
2023	2,891
Thereafter	2,215
Total lease payments	27,417
Less: interest and accretion	(5,459)
Total lease liabilities	21,958
Less: current portion	(7,050)
Long-term portion	$ 14,908

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)	Sep. 30, 2019
Weighted-average remaining lease term [Abstract]
Operating lease costs	3 years 8 months 4 days
Finance lease cost	1 year 4 months 2 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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
General and administrative expense
Lessee, Lease, Description [Line Items]
Operating lease, cost	$ 2,674	$ 7,877

Leases - Summary of Lease (Deta

Leases - Summary of Lease (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Financing cash flows from finance leases	$ (75)	$ (641,000)
Operating cash flows from operating leases	(2,753)	(7,956,000)
Amortization of operating leased ROU assets to the operating lease liability	2,523	7,986,000
ROU assets obtained through operating lease liabilities	$ 3,488	$ 4,770,000

Stock-Based Compensation and _3

Stock-Based Compensation and Similar Arrangements - Stock-based Compensation Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 855	$ 1,903	$ 4,247	$ 6,346
General and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	855	1,927	4,247	6,209
Equity in net loss (income) of investee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 0	$ (24)	$ 0	$ 137

Stock-Based Compensation and _4

Stock-Based Compensation and Similar Arrangements - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 20, 2019	Feb. 01, 2019	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value (in usd per share)	$ 58.84
Stock options outstanding (in shares)			620,859			620,859
Weighted-average exercise price (in usd per share)			$ 62.72			$ 62.72
Stock equivalent units outstanding (in shares)			4,234			4,234
Stock option equivalent units outstanding (in shares)			200,000			200,000
Stock-based compensation			$ 855		$ 1,903	$ 4,247	$ 6,346
Management Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fixed payment				$ 12,000
Deferred compensation liability			3,769			3,769		$ 1,441
General and administrative expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation			$ 855		1,927	$ 4,247	6,209
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, grants in period (in shares)	46,865
Weighted-average grant date fair value (in usd per share)			$ 61.95			$ 61.95
Award vesting period	3 years 6 months
Shares of unvested RSAs outstanding (in shares)			49,295			49,295
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
Common stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	88,264
Award vesting period	3 years 6 months
Stock Equivalent Unit Awards and Stock Option Equivalent Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value (in usd per share)			$ 58,840			$ 58,840
Shares of unvested RSAs outstanding (in shares)			46,865			46,865
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			$ (3,325)			$ (3,325)		$ (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)			$ 371		$ 2,191	$ (203)	$ 1,435
Share-based Compensation Award, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.30%
Share-based Compensation Award, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.30%
Share-based Compensation Award, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	33.40%

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income attributable to Providence	$ 8,154	$ (1,712)	$ 582	$ 7,154	$ (11,215)	$ 5,430	$ 7,024	$ 1,371
Less dividends on convertible preferred stock	(1,109)			(1,113)			(3,295)	(3,310)
Less income allocated to participating securities	(941)			(817)			(499)	0
Net income (loss) available to common stockholders	$ 6,104			$ 5,224			$ 3,230	$ (1,939)
Denominator:
Denominator for basic earnings per share -- weighted-average shares	12,993,934			12,865,777			12,956,222	12,992,403
Effect of dilutive securities:
Denominator for diluted earnings per share -- adjusted weighted-average shares assumed conversion (in shares)	13,004,449			12,927,122			12,977,598	13,069,140
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	$ 0.50			$ 0.61			$ 0.21	$ 1.24
Discontinued operations (in dollars per share)	(0.03)			(0.20)			0.04	(1.39)
Basic loss per common share (in dollars per share)	0.47			0.41			0.25	(0.15)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	0.50			0.60			0.21	1.23
Discontinued operations (in dollars per share)	(0.03)			(0.20)			0.04	(1.38)
Diluted earnings per common share (in dollars per share)	$ 0.47			$ 0.40			$ 0.25	$ (0.15)
Common stock options
Effect of dilutive securities:
Common stock options (in shares)	10,515			61,345			21,376	76,737
Continuing operations
Numerator:
Net income (loss) available to common stockholders	$ 6,473			$ 7,787			$ 2,762	$ 16,087
Discontinued operations
Numerator:
Net income (loss) available to common stockholders	$ (369)			$ (2,563)			$ 468	$ (18,026)

Earnings (Loss) Per Share - S_2

Earnings (Loss) Per Share - Schedule of Antidilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	420,846	358,310	499,611	333,030
Convertible preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	799,969	801,935	800,983	802,762

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Contingency [Line Items]
Effective income tax rate	37.30%	27.40%	37.80%	26.10%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	$ 0	$ 6,577,000	$ 0	$ 6,577,000
Asset impairment charge			0	$ 9,881,000
Proceeds from income tax refunds			$ 30,756,000

Commitments and Contingencies (

Commitments and Contingencies (Details)	Sep. 30, 2019USD ($)
Loss Contingencies [Line Items]
Short-term debt	$ 0
Common Stock | Affiliated Entity | Stockholders
Loss Contingencies [Line Items]
Related party, percentage of stock in company	9.50%
Preferred Stock | Affiliated Entity | Stockholders
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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Coliseum Capital Partners, L.P. | Preferred Stock Dividends Earned by Related Party
Related Party Transaction [Line Items]
Related party transaction amount	$ 1,062	$ 1,062	$ 3,151	$ 3,151

Discontinued Operations - Resul

Discontinued Operations - Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other expenses (income):
Income (loss) from discontinued operations, net of tax	$ (426)	$ (2,964)	$ 540	$ (18,026)
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Service revenue, net		77,548		214,956
Operating expenses:
Service expense		70,911		192,390
General and administrative expense	468	5,623	(1,412)	21,324
Asset impairment charge				9,203
Depreciation and amortization		2,861		9,210
Total operating (income) expense	468	79,395	(1,412)	232,127
Operating income (loss)	(468)	(1,847)	1,412	(17,171)
Other expenses (income):
Other expense		(669)		(669)
Interest expense, net		(97)		(109)
Gain on foreign currency transactions		178		80
Equity in net gain of investee		29		807
Income (loss) from discontinued operations before income taxes	(468)	(2,406)	1,412	(17,062)
(Provision) benefit for income taxes	42	(558)	(872)	(964)
Income (loss) from discontinued operations, net of tax	(426)	(2,964)	540	(18,026)
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	(12)	(721)	205	(645)
Asset impairment charge				0
Depreciation and amortization		0		0
Total operating (income) expense	(12)	(721)	205	(645)
Operating income (loss)	12	721	(205)	645
Other expenses (income):
Other expense		0		0
Interest expense, net		0		0
Gain on foreign currency transactions		0		0
Equity in net gain of investee		0		0
Income (loss) from discontinued operations before income taxes	12	721	(205)	645
(Provision) benefit for income taxes	(3)	(179)	50	(160)
Income (loss) from discontinued operations, net of tax	9	542	(155)	485
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		77,548		214,956
Operating expenses:
Service expense		70,911		192,390
General and administrative expense	480	6,344	(1,617)	21,969
Asset impairment charge				9,203
Depreciation and amortization		2,861		9,210
Total operating (income) expense	480	80,116	(1,617)	232,772
Operating income (loss)	(480)	(2,568)	1,617	(17,816)
Other expenses (income):
Other expense		(669)		(669)
Interest expense, net		(97)		(109)
Gain on foreign currency transactions		178		80
Equity in net gain of investee		29		807
Income (loss) from discontinued operations before income taxes	(480)	(3,127)	1,617	(17,707)
(Provision) benefit for income taxes	45	(379)	(922)	(804)
Income (loss) from discontinued operations, net of tax	$ (435)	$ (3,506)	$ 695	$ (18,511)

Discontinued Operations - Asset

Discontinued Operations - Assets and Liabilities (Details) - USD ($)	Sep. 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	$ 322,000	$ 7,051,000
Current liabilities of discontinued operations	1,246,000	3,257,000
Noncurrent liabilities of discontinued operations	639,000	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	250,000	2,321,000
Accounts receivable, net of allowance of $0 in 2019 and $3,460 in 2018	0	4,316,000
Prepaid expenses and other	72,000	414,000
Current assets of discontinued operations	322,000	7,051,000
Accounts payable	22,000	486,000
Accrued expenses	1,224,000	2,771,000
Current liabilities of discontinued operations	1,246,000	3,257,000
Deferred tax liabilities	639,000	0
Noncurrent liabilities of discontinued operations	639,000	0
Allowance for doubtful accounts	$ 0	$ 3,460,000

Discontinued Operations - Cash

Discontinued Operations - Cash Flow (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation	$ 8,300	$ 14,217
Amortization	4,676	6,100
Stock-based compensation	4,247	6,209
Deferred income taxes	1,993	(602)
WD Services | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation		5,300
Amortization		3,910
Stock-based compensation		6
Deferred income taxes	$ 639	(1,256)
Purchase of property and equipment		$ 4,611

Segments - Narrative (Details)

Segments - Narrative (Details)	9 Months Ended
	Sep. 30, 2019segment
Segment Reporting [Abstract]
Number of operating segments	2

Segments - Reclassifications (D

Segments - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
General and administrative expense	$ 15,979	$ 17,045	$ 52,241	$ 53,081
Service expense	356,271	313,511	1,042,717	934,367
Depreciation and amortization	4,148	3,780	12,976	11,107
Operating (loss) income	$ 16,987	9,435	$ 17,177	24,970
Operating Segments
Segment Reporting Information [Line Items]
General and administrative expense		17,045		53,081
Service expense				934,367
Depreciation and amortization		3,780		11,107
Operating (loss) income		9,435		24,970
As Previously Reported
Segment Reporting Information [Line Items]
General and administrative expense		9,859		31,925
Service expense		320,697		955,523
As Previously Reported | Operating Segments | NET Services
Segment Reporting Information [Line Items]
General and administrative expense		3,904		9,121
Service expense				955,796
Depreciation and amortization		3,543		10,548
Operating (loss) income		15,627		48,060
As Previously Reported | Corporate and Other
Segment Reporting Information [Line Items]
General and administrative expense		5,955		22,802
Service expense				(271)
Depreciation and amortization		237		559
Operating (loss) income		(6,192)		(23,090)
Reclassifications
Segment Reporting Information [Line Items]
General and administrative expense		7,186		21,156
Service expense		(7,186)		(21,156)
Reclassifications | Operating Segments
Segment Reporting Information [Line Items]
General and administrative expense		7,186		21,158
Service expense				(21,158)
Reclassifications | Operating Segments | NET Services
Segment Reporting Information [Line Items]
General and administrative expense		5,955		22,802
Service expense				(271)
Depreciation and amortization		237		559
Operating (loss) income		(6,192)		(23,090)
Reclassifications | Corporate and Other
Segment Reporting Information [Line Items]
General and administrative expense		(5,955)		(22,802)
Service expense				271
Depreciation and amortization		(237)		(559)
Operating (loss) income		$ 6,192		$ 23,090

Segments - Segments (Details)

Segments - Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting Information [Line Items]
Service revenue, net	$ 393,385	$ 343,771	$ 1,125,111	$ 1,024,203
Service expense	356,271	313,511	1,042,717	934,367
General and administrative expense	15,979	17,045	52,241	53,081
Asset impairment charge			0	9,881
Depreciation and amortization	4,148	3,780	12,976	11,107
Operating income	16,987	9,435	17,177	24,970
Equity in net loss of investee			(6,159)	(4,026)
NET Services
Segment Reporting Information [Line Items]
Service revenue, net	393,385	343,771	1,125,111	1,024,203
Operating Segments
Segment Reporting Information [Line Items]
Service expense				934,367
General and administrative expense		17,045		53,081
Depreciation and amortization		3,780		11,107
Operating income		9,435		24,970
Continuing operations
Segment Reporting Information [Line Items]
Service revenue, net	393,385	343,771	1,125,111	1,024,203
Service expense	356,271	313,511	1,042,717	934,367
General and administrative expense	15,979	17,045	52,241	53,081
Asset impairment charge		0	0	678
Depreciation and amortization	4,148	3,780	12,976	11,107
Operating income	16,987	9,435	17,177	24,970
Equity in net loss of investee	(3,188)	(1,587)	(6,159)	(4,106)
Total assets (continuing operations)	620,220		620,220
Continuing operations | NET Services
Segment Reporting Information [Line Items]
Service revenue, net	393,385	343,771	1,125,111	1,024,203
Service expense	356,271	313,511	1,042,717	934,367
General and administrative expense	15,979	17,045	52,241	53,081
Asset impairment charge		0	0	678
Depreciation and amortization	4,148	3,780	12,976	11,107
Operating income	16,987	9,435	17,177	24,970
Equity in net loss of investee	0	0	0	0
Total assets (continuing operations)	465,688		465,688
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	0
Depreciation and amortization	0	0	0	0
Operating income	0	0	0	0
Equity in net loss of investee	(3,188)	$ (1,587)	(6,159)	$ (4,106)
Total assets (continuing operations)	$ 154,532		$ 154,532

Uncategorized Items - prsc-2019

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