XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.23.1

Leases | 3 Months Ended
--- | ---
Mar. 31, 2023
Leases [Abstract] |
Leases | Leases The Company has operating and finance leases for corporate offices, physicians’ offices, and certain equipment. These leases have remaining lease terms of five months to twelve years. Some of the leases may include options to extend the lease terms for up to ten years, and some of the leases may include options to terminate the leases within one year. As of March 31, 2023 and December 31, 2022, assets recorded under finance leases were $1.7 million and $1.8 million, respectively, and accumulated depreciation associated with finance leases were $1.2 million and $1.0 million, respectively. Also, the Company rents or subleases certain real estate to third parties, which are accounted for as operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheets. The components of lease expense were as follows (in thousands):
| Three Months Ended March 31,
| 2023 |  | 2022
Operating lease cost | $ | 1,751 |  |  | $ | 1,574 |
Finance lease cost |  |  |
Amortization of lease expense | 154 |  |  | 141 |
Interest on lease liabilities | 22 |  |  | 20 |
Sublease income | (248) |  |  | (126) |
Total lease cost, net | $ | 1,679 |  |  | $ | 1,609 |
Other information related to leases was as follows (in thousands):
| Three Months Ended March 31,
| 2023 |  | 2022
Supplemental Cash Flow Information |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 1,742 |  |  | $ | 1,547 |
Operating cash flows from finance leases | 154 |  |  | 20 |
Financing cash flows from finance leases | 22 |  |  | 141 |
| Three months ended March 31,
| 2023 |  | 2022
Weighted Average Remaining Lease Term |  |  |
Operating leases | 6.64 years |  | 6.09 years
Finance leases | 3.22 years |  | 3.31 years
Weighted Average Discount Rate |  |  |
Operating leases | 5.63 | % |  | 6.10 | %
Finance leases | 4.95 | % |  | 4.31 | %
The following are future minimum lease payments under non-cancellable leases for the years ending December 31 (in thousands) below:
| Operating Leases |  | Finance Leases
2023 (excluding the three months ended March 31, 2023) | $ | 3,337 |  |  | $ | 497 |
2024 | 4,058 |  |  | 607 |
2025 | 3,683 |  |  | 444 |
2026 | 3,454 |  |  | 190 |
2027 | 3,092 |  |  | 132 |
Thereafter | 8,413 |  |  | — |
Total future minimum lease payments | 26,037 |  |  | 1,870 |
Less: imputed interest | 4,639 |  |  | 155 |
Total lease liabilities | 21,398 |  |  | 1,715 |
Less: current portion | 3,234 |  |  | 579 |
Long-term lease liabilities | $ | 18,164 |  |  | $ | 1,136 |
As of March 31, 2023, the Company does not have additional operating and finance leases that have not yet commenced.
Leases | Leases The Company has operating and finance leases for corporate offices, physicians’ offices, and certain equipment. These leases have remaining lease terms of five months to twelve years. Some of the leases may include options to extend the lease terms for up to ten years, and some of the leases may include options to terminate the leases within one year. As of March 31, 2023 and December 31, 2022, assets recorded under finance leases were $1.7 million and $1.8 million, respectively, and accumulated depreciation associated with finance leases were $1.2 million and $1.0 million, respectively. Also, the Company rents or subleases certain real estate to third parties, which are accounted for as operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheets. The components of lease expense were as follows (in thousands):
| Three Months Ended March 31,
| 2023 |  | 2022
Operating lease cost | $ | 1,751 |  |  | $ | 1,574 |
Finance lease cost |  |  |
Amortization of lease expense | 154 |  |  | 141 |
Interest on lease liabilities | 22 |  |  | 20 |
Sublease income | (248) |  |  | (126) |
Total lease cost, net | $ | 1,679 |  |  | $ | 1,609 |
Other information related to leases was as follows (in thousands):
| Three Months Ended March 31,
| 2023 |  | 2022
Supplemental Cash Flow Information |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 1,742 |  |  | $ | 1,547 |
Operating cash flows from finance leases | 154 |  |  | 20 |
Financing cash flows from finance leases | 22 |  |  | 141 |
| Three months ended March 31,
| 2023 |  | 2022
Weighted Average Remaining Lease Term |  |  |
Operating leases | 6.64 years |  | 6.09 years
Finance leases | 3.22 years |  | 3.31 years
Weighted Average Discount Rate |  |  |
Operating leases | 5.63 | % |  | 6.10 | %
Finance leases | 4.95 | % |  | 4.31 | %
The following are future minimum lease payments under non-cancellable leases for the years ending December 31 (in thousands) below:
| Operating Leases |  | Finance Leases
2023 (excluding the three months ended March 31, 2023) | $ | 3,337 |  |  | $ | 497 |
2024 | 4,058 |  |  | 607 |
2025 | 3,683 |  |  | 444 |
2026 | 3,454 |  |  | 190 |
2027 | 3,092 |  |  | 132 |
Thereafter | 8,413 |  |  | — |
Total future minimum lease payments | 26,037 |  |  | 1,870 |
Less: imputed interest | 4,639 |  |  | 155 |
Total lease liabilities | 21,398 |  |  | 1,715 |
Less: current portion | 3,234 |  |  | 579 |
Long-term lease liabilities | $ | 18,164 |  |  | $ | 1,136 |
As of March 31, 2023, the Company does not have additional operating and finance leases that have not yet commenced.

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

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration