XML 67 R22.htm IDEA: XBRL DOCUMENT v3.20.1
Leases
3 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Leases
Leases
The Company has operating and finance leases for corporate offices, doctors’ offices, and certain equipment. These leases have remaining lease terms of 1 month to 5 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within one year. As of March 31, 2020 and December 31, 2019, assets recorded under finance leases were $0.5 million, respectively, and accumulated depreciation associated with finance leases was $0.3 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 sheet.
The components of lease expense were as follows (in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
 
 
 
 
Operating lease cost
$
1,942

 
$
1,102

 
 
 
 
Finance lease cost
 
 
 
Amortization of lease expense
$
26

 
$
25

Interest on lease liabilities
4

 
5

 
 
 
 
Sublease income
$
(134
)
 
$
(100
)
 
 
 
 
Total finance lease cost, net
$
1,838

 
$
1,032


Other information related to leases was as follows (in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
 
 
 
 
Supplemental Cash Flows Information
 
 
 
 
 
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows from operating leases
$
1,547

 
$
1,034

Operating cash flows from finance leases
4

 
5

Financing cash flows from finance leases
26

 
25

 
 
 
 
Right-of-use assets obtained in exchange for lease liabilities:
 
 
 
Operating leases
4,745

 
8,855

 
 
 
 
 
Three Months Ended March 31,
 
2020
 
2019
 
 
 
 
Weighted Average Remaining Lease Term
 
 
 
 
 
 
 
Operating leases
7.33 years

 
4.30 years

Finance leases
4.42 years

 
5.25 years

 
 
 
 
Weighted Average Discount Rate
 
 
 
 
 
 
 
Operating leases
6.10
%
 
6.13
%
Finance leases
3.00
%
 
3.00
%

Future minimum lease payments under non-cancellable leases as of March 31, 2020 is as follows (in thousands):
March 31, 2020
Operating Leases
 
Finance Leases
2020 (excluding the three months ended March 31, 2020)
$
3,227

 
$
89

2021
3,745

 
119

2022
2,970

 
119

2023
2,724

 
119

2024
2,340

 
79

Thereafter
8,484

 

 
 
 
 
Total future minimum lease payments
23,490

 
525

Less: imputed interest
4,788

 
33

Total lease liabilities
18,702

 
492

Less: current portion
3,119

 
102

Long-term lease liabilities
$
15,583

 
$
390


As of March 31, 2020, 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, doctors’ offices, and certain equipment. These leases have remaining lease terms of 1 month to 5 years, some of which may include options to extend the leases for up to 10 years, and some of which may include options to terminate the leases within one year. As of March 31, 2020 and December 31, 2019, assets recorded under finance leases were $0.5 million, respectively, and accumulated depreciation associated with finance leases was $0.3 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 sheet.
The components of lease expense were as follows (in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
 
 
 
 
Operating lease cost
$
1,942

 
$
1,102

 
 
 
 
Finance lease cost
 
 
 
Amortization of lease expense
$
26

 
$
25

Interest on lease liabilities
4

 
5

 
 
 
 
Sublease income
$
(134
)
 
$
(100
)
 
 
 
 
Total finance lease cost, net
$
1,838

 
$
1,032


Other information related to leases was as follows (in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
 
 
 
 
Supplemental Cash Flows Information
 
 
 
 
 
 
 
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows from operating leases
$
1,547

 
$
1,034

Operating cash flows from finance leases
4

 
5

Financing cash flows from finance leases
26

 
25

 
 
 
 
Right-of-use assets obtained in exchange for lease liabilities:
 
 
 
Operating leases
4,745

 
8,855

 
 
 
 
 
Three Months Ended March 31,
 
2020
 
2019
 
 
 
 
Weighted Average Remaining Lease Term
 
 
 
 
 
 
 
Operating leases
7.33 years

 
4.30 years

Finance leases
4.42 years

 
5.25 years

 
 
 
 
Weighted Average Discount Rate
 
 
 
 
 
 
 
Operating leases
6.10
%
 
6.13
%
Finance leases
3.00
%
 
3.00
%

Future minimum lease payments under non-cancellable leases as of March 31, 2020 is as follows (in thousands):
March 31, 2020
Operating Leases
 
Finance Leases
2020 (excluding the three months ended March 31, 2020)
$
3,227

 
$
89

2021
3,745

 
119

2022
2,970

 
119

2023
2,724

 
119

2024
2,340

 
79

Thereafter
8,484

 

 
 
 
 
Total future minimum lease payments
23,490

 
525

Less: imputed interest
4,788

 
33

Total lease liabilities
18,702

 
492

Less: current portion
3,119

 
102

Long-term lease liabilities
$
15,583

 
$
390


As of March 31, 2020, the Company does not have additional operating and finance leases that have not yet commenced.