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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows From Operating Activities:      
Net income/(loss) $ 65,288,000 $ 19,977,000 $ 139,087,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 42,034,000 40,489,000 40,672,000
Equity in earnings of unconsolidated investments (2,015,000) (477,000) (5,111,000)
Distributions from unconsolidated investments 470,000 439,000 6,314,000
Unrealized (gains) losses on marketable equity securities (14,944,000) 15,806,000 13,863,000
(Gains) losses on sale of marketable securities 667,000 1,326,000 (1,042,000)
Gain on acquisition of equity method investment 0 0 (95,202,000)
Gain on sale of property and equipment (6,230,000) 0 0
Recovery of assets 0 (3,728,000) 8,225,000
Deferred income taxes (5,768,000) (5,995,000) 6,294,000
Stock–based compensation 2,782,000 2,612,000 2,620,000
Changes in operating assets and liabilities:      
Accounts receivable (8,559,000) (3,862,000) 4,090,000
Inventories (298,000) 1,494,000 199,000
Prepaid expenses and other assets (669,000) (11,111,000) (3,298,000)
Operating lease obligations (1,244,000) (430,000) 0
Trade accounts payable 2,236,000 (5,530,000) (2,083,000)
Accrued payroll 11,600,000 (34,188,000) 17,292,000
Amounts due to third party payors 1,738,000 (964,000) 649,000
Accrued risk reserves 790,000 4,421,000 (1,489,000)
Provider relief funds 0 (9,443,000) (6,625,000)
Contract liabilities 0 (15,022,000) (36,231,000)
Other current liabilities 5,376,000 (2,444,000) (1,380,000)
Other noncurrent liabilities 6,426,000 3,382,000 (11,862,000)
Net cash provided by operating activities 111,216,000 8,742,000 62,394,000
Cash Flows From Investing Activities:      
Purchases of property and equipment (27,901,000) (30,200,000) (39,399,000)
Proceeds from the sale of property and equipment 0 4,175,000 0
Acquisition of skilled nursing facility (2,700,000) 0 0
Investments in unconsolidated companies (4,661,000) 0 (350,000)
Acquisition of equity method investment 0 0 (28,713,000)
(Investments in) collections of notes receivable (201,000) 3,879,000 8,840,000
Purchases of marketable securities (29,501,000) (33,793,000) (108,187,000)
Sale of marketable securities 47,396,000 49,961,000 101,920,000
Net cash used in investing activities (17,568,000) (5,978,000) (65,889,000)
Cash Flows From Financing Activities:      
Principal payments under finance lease obligations (4,985,000) (4,695,000) (4,423,000)
Dividends paid to common stockholders (35,560,000) (34,604,000) (32,030,000)
Issuance of common shares 313,000 2,114,000 3,441,000
Repurchase of common shares (2,482,000) (9,903,000) (836,000)
Noncontrolling interest contributions (distributions) 0 250,000 (964,000)
Entrance fee deposits (refunds) 169,000 (804,000) (452,000)
Net cash used in financing activities (42,545,000) (47,642,000) (35,264,000)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 51,103,000 (44,878,000) (38,759,000)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning of Period 74,865,000 119,743,000 158,502,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, End of Period 125,968,000 74,865,000 119,743,000
Balance Sheet Classifications:      
Cash and cash equivalents 107,076,000 58,667,000 107,607,000
Restricted Cash and Cash Equivalents 18,892,000 16,198,000 12,136,000
Total Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 125,968,000 74,865,000 119,743,000
Supplemental Information:      
Cash payments for interest 290,000 493,000 845,000
Cash payments for income taxes 14,571,000 8,765,000 22,881,000
Non-cash activities include:      
Noncontrolling interest contribution of land $ 0 $ 0 $ 2,840,000