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Leases | 3 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Leases | 17. Leases The Company has operating and finance leases for corporate offices, physicians’ offices, and certain equipment. These leases have remaining lease terms ranging from one month to 21 years, some of which may include options to extend the leases for up to ten years, and some of which may include options to terminate the leases within one year. These leases consist of payments that are fixed or variable. Variable lease payments are based on an index or a rate such as the Consumer Price Index. As of March 31, 2025 and December 31, 2024, finance lease assets, net of depreciation, were $1.2 million and $1.3 million, respectively, and accumulated depreciation associated with finance leases was $1.6 million and $2.2 million, respectively. Leases with an initial term of 12 months or less are not recorded on the condensed consolidated balance sheets. The components of lease expense were as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Operating lease cost |  | $ | 3,611 |  |  | $ | 3,159 |
Finance lease cost |  |  |  |  |  |
Amortization of lease expense |  |  | 147 |  |  |  | 179 |
Interest on lease liabilities |  |  | 16 |  |  |  | 24 |
Sublease income |  |  | (44 | ) |  |  | (226 | )
Total lease cost |  | $ | 3,730 |  |  | $ | 3,136 |
Other information related to leases was as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Supplemental Cash Flow Information |  |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 3,017 |  |  | $ | 2,837 |
Operating cash flows from finance leases |  |  | 16 |  |  |  | 24 |
Financing cash flows from finance leases |  |  | 147 |  |  |  | 179 |
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Weighted Average Remaining Lease Term |  |  |  |  |  |
Operating leases |  | 7.22 years |  |  | 8.39 years |
Finance leases |  | 2.34 years |  |  | 2.96 years |
Weighted Average Discount Rate |  |  |  |  |  |
Operating leases |  |  | 6.75 | % |  |  | 6.15 | %
Finance leases |  |  | 5.79 | % |  |  | 5.53 | %
The following are future minimum lease payments under non-cancellable leases for the years ending December 31 (in thousands) below:
|  | Operating Leases |  |  | Finance Leases |
2025 (excluding the three months ended March 31, 2025) |  | $ | 5,269 |  |  | $ | 443 |
2026 |  |  | 6,851 |  |  |  | 345 |
2027 |  |  | 6,246 |  |  |  | 267 |
2028 |  |  | 5,973 |  |  |  | 27 |
2029 |  |  | 4,882 |  |  |  | 9 |
Thereafter |  |  | 14,876 |  |  |  | — |
Total future minimum lease payments |  |  | 44,097 |  |  |  | 1,091 |
Less: imputed interest |  |  | 10,155 |  |  |  | 77 |
Total lease liabilities |  |  | 33,942 |  |  |  | 1,014 |
Less: current portion |  |  | 4,979 |  |  |  | 471 |
Long-term lease liabilities |  | $ | 28,963 |  |  | $ | 543 |

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