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LEASES (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Schedule of Operating Lease Expenses
The components of operating lease expense are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Rent - cost of services(1)
$53,272 $49,760 $105,148 $96,397 
General and administrative expense181 125 334 249 
Depreciation and amortization(2)
303 298 606 596 
Variable lease costs(3)
5,649 5,154 11,419 9,986 
$59,405 $55,337 $117,507 $107,228 
(1)Rent - cost of services includes deferred rent expense adjustments of $190 and $385 for the three and six months ended June 30, 2024, respectively, and $218 and $481 for the three and six months ended June 30, 2023, respectively. Additionally, rent - cost of services includes other variable lease costs such as CPI increases and short-term leases of $3,300 and $6,357 for the three and six months ended June 30, 2024, respectively, and $2,398 and $4,458 for the three and six months ended June 30, 2023, respectively.
(2) Depreciation and amortization is related to the amortization of favorable and direct lease costs.
(3) Variable lease costs, including property taxes and insurance, are classified in cost of services in the Company's condensed consolidated statements of income.
Schedule of Future Minimum Lease Payments
Future minimum lease payments for all third-party leases as of June 30, 2024 are as follows:
YearAmount
2024 (remainder)
$100,614 
2025201,246 
2026201,024 
2027200,353 
2028199,265 
2029195,553 
Thereafter1,691,806 
TOTAL LEASE PAYMENTS2,789,861 
Less: present value adjustment (980,435)
PRESENT VALUE OF TOTAL LEASE LIABILITIES1,809,426 
Less: current lease liabilities(89,176)
LONG-TERM OPERATING LEASE LIABILITIES$1,720,250 
Schedule of Rental Income from Third-Party Sources
Total rental income from all third-party sources for the three and six months ended June 30, 2024 and 2023 is as follows:

Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Pennant(1)
$3,824 $3,742 $7,644 $7,484 
Other third-party(2)
1,887 1,502 3,754 2,683 
TOTAL$5,711 $5,244 $11,398 $10,167 
(1) Pennant rental income includes variable rent such as property taxes of $314 and $632 during the three and six months ended June 30, 2024 and $325 and $650 for the three and six months ended June 30, 2023, respectively.
(2) Other third-party includes rental revenue associated with the Company's subleases to third parties of $1,089 and $2,169 for the three and six months ended June 30, 2024, and $1,063 and $1,771 for the three and six months ended June 30, 2023, respectively.
Schedule of Annual Rental Income
Future annual rental income for all third-party leases as of June 30, 2024 were as follows:
Year
Amount(1)
2024 (remainder)
$10,844 
202521,427 
202621,216 
202721,216 
202821,216 
202921,216 
Thereafter109,635 
TOTAL$226,770 
(1) Annual rental income includes base rents and variable rental income pursuant to existing leases as of June 30, 2024.