XML 23 R10.htm IDEA: XBRL DOCUMENT
v3.21.2

Variable Interest Entities | 6 Months Ended
--- | ---
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Variable Interest Entities | Variable Interest Entities As of June 30, 2021 and December 31, 2020, we consolidated ten and nine, respectively, limited partnership-like entities that are variable interest entities (“VIEs”) and of which we are the primary beneficiary. Our ownership percentages in these entities range from 50.0% to 90.0% as of June 30, 2021. Through partnership and management agreements with or governing each of these entities, we manage all of these entities and handle all day-to-day operating decisions. Accordingly, we have the decision making power over the activities that most significantly impact the economic performance of our VIEs and an obligation to absorb losses or receive benefits from the VIE that could potentially be significant to the VIE. These decisions and significant activities include, but are not limited to, marketing efforts, oversight of patient admissions, medical training, nurse and therapist scheduling, provision of healthcare services, billing, collections, and creation and maintenance of medical records. The terms of the agreements governing each of our VIEs prohibit us from using the assets of each VIE to satisfy the obligations of other entities. The carrying amounts and classifications of the consolidated VIEs’ assets and liabilities, which are included in our condensed consolidated balance sheet, are as follows (in millions):
| June 30, 2021 |  | December 31, 2020
Assets |  |  |
Current assets: |  |  |
Cash and cash equivalents | $ | 0.8 |  |  | $ | 0.1 |
Accounts receivable | 34.1 |  |  | 33.1 |
Other current assets | 10.0 |  |  | 8.6 |
Total current assets | 44.9 |  |  | 41.8 |
Property and equipment, net | 117.4 |  |  | 121.1 |
Operating lease right-of-use assets | 4.4 |  |  | 4.7 |
Goodwill | 29.4 |  |  | 19.2 |
Intangible assets, net | 3.6 |  |  | 3.3 |
Other long-term assets | 31.1 |  |  | 31.1 |
Total assets | $ | 230.8 |  |  | $ | 221.2 |
Liabilities |  |  |
Current liabilities: |  |  |
Current portion of long-term debt | $ | 0.9 |  |  | $ | 0.9 |
Current operating lease liabilities | 1.6 |  |  | 1.5 |
Accounts payable | 6.9 |  |  | 6.1 |
Accrued expenses and other current liabilities | 23.3 |  |  | 23.0 |
Total current liabilities | 32.7 |  |  | 31.5 |
Long-term debt, net of current portion | 9.1 |  |  | 9.6 |
Long-term operating lease liabilities | 2.9 |  |  | 3.3 |
Other long-term liabilities | 2.4 |  |  | 2.4 |
Total liabilities | $ | 47.1 |  |  | $ | 46.8 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
Name: | us-gaap_VariableInterestEntityDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration