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Operating Leases | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Operating Leases | 11. Operating Leases: The Company primarily leases property under operating leases and had one material equipment operating lease for an aircraft that expired in January 2022. The Company’s property leases are primarily for its regional, medical and business offices, storage space and temporary housing for medical staff. For leases with terms greater than 12 months, the Company records the related asset and obligation at the present value of the lease payment using a discount rate that reflects the Company’s estimated incremental borrowing rate. Certain of the Company’s leases include rental escalation clauses and renewal options that are factored into the determination of lease payments when appropriate. Operating leases for office equipment are not material, and therefore are excluded from the Company’s Consolidated Balance Sheet. The table below presents the operating lease-related right-of-use assets and related liabilities recorded on the Company’s balance sheet and the weighted average remaining lease term and discount rate as of December 31, 2023 and 2022 (dollars in thousands):
|  | December 31, |
|  | 2023 |  |  | 2022 |
Assets: |  |  |  |  |  |
Operating lease right-of-use assets |  | $ | 61,693 |  |  | $ | 55,796 |
Liabilities: |  |  |  |  |  |
Current portion of operating lease liabilities |  |  | 21,076 |  |  |  | 21,589 |
Long-term portion of operating lease liabilities |  |  | 47,238 |  |  |  | 44,213 |
Other Information: |  |  |  |  |  |
Weighted-average remaining lease term |  | 4.6 years |  |  | 3.9 years |
Weighted average discount rate |  |  | 5.5 | % |  |  | 4.6 | %
The table below presents certain information related to the lease costs for operating leases during the years ended December 31, 2023 and 2022 (in thousands):
|  | December 31, |
|  | 2023 |  |  | 2022 |
Operating lease costs |  | $ | 23,200 |  |  | $ | 22,293 |
Variable lease costs |  |  | 5,854 |  |  |  | 6,640 |
Other operating lease costs |  |  | 3,613 |  |  |  | 4,218 |
Total operating lease costs |  | $ | 32,667 |  |  | $ | 33,151 |
The table below presents supplemental cash flow information related to operating leases during the years ended December 31, 2023 and 2022 (in thousands):
|  | December 31, 2023 |  |  | December 31, 2022 |
Operating cash flows for operating leases |  | $ | 35,747 |  |  | $ | 37,549 |
The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the balance sheet as of December 31, 2023 (in thousands):
|  | December 31, 2023 |
2024 |  | $ | 22,141 |
2025 |  |  | 17,421 |
2026 |  |  | 12,436 |
2027 |  |  | 8,906 |
2028 |  |  | 5,501 |
Thereafter |  |  | 10,142 |
Total minimum lease payments |  |  | 76,547 |
Less: Amount of payments representing interest |  |  | (8,233 | )
Present value of future minimum lease payments |  |  | 68,314 |
Less: Current obligations |  |  | (21,076 | )
Long-term portion of operating leases |  | $ | 47,238 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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