XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Basis of Presentation, Summary of Significant Accounting Policies and Change in Accounting Principles (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Accounting Policies [Abstract] |
Schedule of Restricted Cash and Restricted Investments | Restricted cash and restricted investments include cash and investments used to collateralize various contractual obligations (in thousands) as follows:
| June 30, 2024 |  | December 31, 2023
Collateral for letters of credit for facility leases (1) | $ | 1,902 |  |  | $ | 2,132 |
Collateral with financial institutions (2) | 16,425 |  |  | 16,237 |
Claims processing services (3) | 18,372 |  |  | 12,263 |
Total restricted cash and restricted investments | $ | 36,699 |  |  | $ | 30,632 |
Current restricted cash | $ | 20,053 |  |  | $ | 13,768 |
Total current restricted cash and restricted investments | $ | 20,053 |  |  | $ | 13,768 |
Non-current restricted cash | $ | 16,646 |  |  | $ | 16,864 |
Total non-current restricted cash and restricted investments | $ | 16,646 |  |  | $ | 16,864 |
———————— (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 Consolidated Statements of Cash Flows | 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):
| June 30,
| 2024 |  | 2023
Cash and cash equivalents | $ | 101,250 |  |  | $ | 142,530 |
Restricted cash and restricted investments | 36,699 |  |  | 65,069 |
Total cash and cash equivalents and restricted cash shown in the consolidated statements of cash flows | $ | 137,949 |  |  | $ | 207,599 |
Schedule of Estimated Useful Lives Assets | The following summarizes the estimated useful lives by asset classification:
Corporate trade name | 6 months
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:
| June 30, 2024 |  | December 31, 2023
| 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 | 0.5 |  | $ | 51,965 |  |  | $ | 41,457 |  |  | $ | 10,508 |  |  | 1.0 |  | $ | 51,965 |  |  | $ | 30,288 |  |  | $ | 21,677 |
Customer relationships | 14.0 |  | 806,668 |  |  | 162,744 |  |  | 643,924 |  |  | 14.5 |  | 806,668 |  |  | 139,150 |  |  | 667,518 |
Technology | 3.3 |  | 162,015 |  |  | 109,424 |  |  | 52,591 |  |  | 3.8 |  | 162,015 |  |  | 101,566 |  |  | 60,449 |
Below market lease, net | 0.0 |  | 1,218 |  |  | 1,218 |  |  | — |  |  | 0.0 |  | 1,218 |  |  | 1,218 |  |  | — |
Provider network contracts | 2.0 |  | 21,244 |  |  | 16,977 |  |  | 4,267 |  |  | 1.1 |  | 18,054 |  |  | 15,689 |  |  | 2,365 |
Total intangible assets, net |  |  | $ | 1,043,110 |  |  | $ | 331,820 |  |  | $ | 711,290 |  |  |  |  | $ | 1,039,920 |  |  | $ | 287,911 |  |  | $ | 752,009 |

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

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 8 -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-8 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration