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Leases
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Leases Leases
The Company has operating and finance leases for corporate offices, physicians’ offices, and certain equipment. These leases have remaining lease terms of one month to five 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, 2021 and December 31, 2020, assets recorded under finance leases were $0.4 million and $0.4 million, respectively, and accumulated depreciation associated with finance leases were $0.4 million and $0.4 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,
20212020
Operating lease cost
$1,252 $1,942 
Finance lease cost
Amortization of lease expense
27 26 
Interest on lease liabilities
Sublease income(36)(134)
Total lease cost, net$1,246 $1,838 
Other information related to leases was as follows (in thousands):
Three Months Ended March 31,
20212020
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,196 $1,547 
Operating cash flows from finance leases
Financing cash flows from finance leases27 26 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$— $4,745 
March 31,
20212020
Weighted Average Remaining Lease Term
Operating leases6.68 years7.33 years
Finance leases3.42 years4.42 years
Weighted Average Discount Rate
Operating leases6.10 %6.10 %
Finance leases3.00 %3.00 %
Future minimum lease payments under non-cancellable leases as of March 31, 2021, is as follows (in thousands):
March 31, 2021
Operating Leases
Finance Leases
2021 (excluding the three months ended March 31, 2021)$3,157 $90 
20223,529 119 
20233,303 119 
20242,940 79 
20252,648 — 
Thereafter
6,811 — 
Total future minimum lease payments
22,388 407 
Less: imputed interest
4,205 21 
Total lease liabilities
18,183 386 
Less: current portion
3,036 109 
Long-term lease liabilities
$15,147 $277 
As of March 31, 2021, 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, physicians’ offices, and certain equipment. These leases have remaining lease terms of one month to five 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, 2021 and December 31, 2020, assets recorded under finance leases were $0.4 million and $0.4 million, respectively, and accumulated depreciation associated with finance leases were $0.4 million and $0.4 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,
20212020
Operating lease cost
$1,252 $1,942 
Finance lease cost
Amortization of lease expense
27 26 
Interest on lease liabilities
Sublease income(36)(134)
Total lease cost, net$1,246 $1,838 
Other information related to leases was as follows (in thousands):
Three Months Ended March 31,
20212020
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,196 $1,547 
Operating cash flows from finance leases
Financing cash flows from finance leases27 26 
Right-of-use assets obtained in exchange for lease liabilities:
Operating leases$— $4,745 
March 31,
20212020
Weighted Average Remaining Lease Term
Operating leases6.68 years7.33 years
Finance leases3.42 years4.42 years
Weighted Average Discount Rate
Operating leases6.10 %6.10 %
Finance leases3.00 %3.00 %
Future minimum lease payments under non-cancellable leases as of March 31, 2021, is as follows (in thousands):
March 31, 2021
Operating Leases
Finance Leases
2021 (excluding the three months ended March 31, 2021)$3,157 $90 
20223,529 119 
20233,303 119 
20242,940 79 
20252,648 — 
Thereafter
6,811 — 
Total future minimum lease payments
22,388 407 
Less: imputed interest
4,205 21 
Total lease liabilities
18,183 386 
Less: current portion
3,036 109 
Long-term lease liabilities
$15,147 $277 
As of March 31, 2021, the Company does not have additional operating and finance leases that have not yet commenced.