XML 109 R90.htm IDEA: XBRL DOCUMENT v3.24.0.1
LEASES - Lessee Narrative (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Feb. 01, 2024
USD ($)
operation
bed
Dec. 31, 2023
USD ($)
lease
operation
renewal
bed
facility
agreement
Dec. 31, 2022
USD ($)
lease
operation
bed
Dec. 31, 2021
USD ($)
bed
lease
operation
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, term of contract   10 years    
Right-of-use assets obtained in exchange for new and modified operating lease obligations | $   $ 376,550 $ 370,753 $ 198,593
Operating lease, weighted average remaining lease term   14 years 10 months 24 days 15 years  
Operating lease, weighted average discount rate, percent   6.50% 6.70%  
Operational skilled nursing beds | bed   30,600    
Skilled Nursing Operations        
Lessee, Lease, Description [Line Items]        
Number of businesses acquired | operation   25 23 17
Operational skilled nursing beds | bed   2,483 3,058 1,832
Skilled Nursing Operations | Subsequent Event        
Lessee, Lease, Description [Line Items]        
Number of businesses acquired | operation 2      
Cost of Sales and General and Administrative Expense        
Lessee, Lease, Description [Line Items]        
Rent expense | $   $ 197,856 $ 153,174 $ 139,458
Minimum        
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, renewal term   10 years    
Maximum        
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, renewal term   15 years    
Amended Master Lease Agreement        
Lessee, Lease, Description [Line Items]        
Amended of separate master leases | agreement   3    
Amended Master Lease Agreement | Skilled Nursing Operations | Subsequent Event        
Lessee, Lease, Description [Line Items]        
Number of businesses acquired | operation 2      
Right-of-use assets obtained in exchange for new and modified operating lease obligations | $ $ 30,980      
Term of operating lease 20 years      
Operational skilled nursing beds | bed 241      
New Master Lease Agreeement        
Lessee, Lease, Description [Line Items]        
Right-of-use assets obtained in exchange for new and modified operating lease obligations | $   $ 346,789    
New Master Lease Agreeement | Skilled Nursing Operations        
Lessee, Lease, Description [Line Items]        
Number of businesses acquired | operation   22    
Amended Master Lease | Skilled Nursing Operations        
Lessee, Lease, Description [Line Items]        
Number of businesses acquired | operation   19    
Leases To Third Party Operators | Minimum        
Lessee, Lease, Description [Line Items]        
Term of operating lease   14 years    
Leases To Third Party Operators | Maximum        
Lessee, Lease, Description [Line Items]        
Term of operating lease   16 years    
Sublease Of Stand Along Skilled Nursing Operations        
Lessee, Lease, Description [Line Items]        
Number of leases | lease   3    
Term of operating lease   18 years 20 years 20 years
Lease Of Campus Operation        
Lessee, Lease, Description [Line Items]        
Number of leases | lease   1    
Term of operating lease   15 years    
CareTrust REIT        
Lessee, Lease, Description [Line Items]        
Skilled nursing, assisted living and independent living facilities | facility   97    
Consumer price index   0.00%    
Operating leases of lessee, contingent rentals, basis spread on variable rate   2.50%    
Number of stand-alone leases | lease   1    
Rent expense | $   $ 66,439 $ 64,178 $ 59,571
CareTrust REIT | Triple Net Lease Arrangements        
Lessee, Lease, Description [Line Items]        
Skilled nursing, assisted living and independent living facilities | facility   96    
Master lease agreements | agreement   9    
Lessee, operating lease, renewal term   5 years    
CareTrust REIT | Triple Net Lease Arrangements | Minimum        
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, term of contract   13 years    
Lessee leasing arrangements, operating leases, number of renewal terms | renewal   2    
CareTrust REIT | Triple Net Lease Arrangements | Maximum        
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, term of contract   20 years    
Lessee leasing arrangements, operating leases, number of renewal terms | renewal   3    
CareTrust REIT | Purchase Option        
Lessee, Lease, Description [Line Items]        
Skilled nursing, assisted living and independent living facilities | facility   4    
Various Landlords        
Lessee, Lease, Description [Line Items]        
Master lease agreements | agreement   13    
Facilities under master lease arrangement | facility   80    
Various Landlords | Minimum        
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, term of contract   5 years    
Various Landlords | Minimum | Equipment        
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, term of contract   3 years    
Various Landlords | Maximum        
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, term of contract   20 years    
Various Landlords | Maximum | Equipment        
Lessee, Lease, Description [Line Items]        
Lessee, operating lease, term of contract   5 years    
The Pennant Group, Inc. | Leases To Third Party Operators        
Lessee, Lease, Description [Line Items]        
Number of leases | lease   29 29 32