Basis of Presentation, Summary of Significant Accounting Policies and Change in Accounting Principles (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Restricted Cash and Cash Equivalents

Restricted cash and restricted investments include cash and investments used to collateralize various contractual obligations (in thousands) as follows:




	September 30, 2023		December 31, 2022
Collateral for letters of credit for facility leases (1)	$	2,132	$	2,269
Collateral with financial institutions (2)	16,128		10,912
Claims processing services (3)	21,702		13,777
Total restricted cash and restricted investments	$	39,962	$	26,958

Current restricted cash	$	23,208	$	14,492
Total current restricted cash and restricted investments	$	23,208	$	14,492

Non-current restricted cash	$	16,754	$	12,466
Total non-current restricted cash and restricted investments	$	16,754	$	12,466

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(1)Represents restricted cash related to collateral for letters of credit required in conjunction with lease agreements. See Note 11 for further discussion of our lease commitments.

(2)Represents collateral held with financial institutions for risk-sharing and other arrangements which are held in a FDIC participating bank account. See Note 17 for discussion of fair value measurement.

(3)Represents cash held by the Company related to claims processing services on behalf of partners. These are pass-through amounts and can fluctuate materially from period to period depending on the timing of when the claims are processed.

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands):


	September 30,
	2023		2022
Cash and cash equivalents	$	184,536	$	156,756
Restricted cash and restricted investments	39,962		38,062
Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows	$	224,498	$	194,818

Schedule of Estimated Useful Lives Intangible Assets

The following summarizes the estimated useful lives by asset classification:


Corporate trade name			1 year
Customer relationships			11 - 25 years
Technology			5 years
Provider network contracts			3 - 5 years

Details of our intangible assets (in thousands, except weighted-average useful lives) are presented below:


	September 30, 2023							December 31, 2022
	Weighted- Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted- Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Corporate trade name	1.3	$	51,965	$	24,786	$	27,179	12.7	$	43,600	$	11,726	$	31,874
Customer relationships	14.7	810,119		127,473		682,646		15.8	465,019		92,760		372,259
Technology	3.0	162,522		97,817		64,705		2.7	111,822		80,255		31,567
Below market lease, net	0.0	1,218		1,218		—		0.3	1,218		1,151		67
Provider network contracts	0.6	18,192		15,054		3,138		1.3	18,851		11,834		7,017
Total intangible assets, net		$	1,044,016	$	266,348	$	777,668		$	640,510	$	197,726	$	442,784