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Leases
 9 Months Ended
Sep. 30, 2022
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 three months to eight years. Some of the leases may include options to extend the lease terms for up to 10 years, and some of the leases may include options to terminate the leases within one year. As of September 30, 2022 and December 31, 2021, assets recorded under finance leases were $1.3 million and $1.3 million, respectively, and accumulated depreciation associated with finance leases were $0.9 million and $0.6 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 sheets.
The components of lease expense were as follows (in thousands):
Three Months Ended September 30,
20222021
Operating lease cost
$1,655 $1,379 
Finance lease cost
Amortization of lease expense
138 27 
Interest on lease liabilities
17 3 
Sublease income(132)(235)
Total lease cost, net$1,678 $1,174 
Nine Months Ended September 30,
20222021
Operating lease cost$4,780 $3,893 
Finance lease cost
Amortization of lease expense422 81 
Interest on lease liabilities54 8 
Sublease income(464)(709)
Total lease cost, net$4,792 $3,273 
Other information related to leases was as follows (in thousands):
Three Months Ended
September 30,
20222021
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,712 $1,414 
Operating cash flows from finance leases17 3 
Financing cash flows from finance leases138 27 
Nine Months Ended September 30,
20222021
 
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,758 $3,903 
Operating cash flows from finance leases54 8 
Financing cash flows from finance leases422 81 
Nine Months Ended September 30,
20222021
Weighted Average Remaining Lease Term
Operating leases6.37 years6.44 years
Finance leases2.91 years2.92 years
Weighted Average Discount Rate
Operating leases4.92 %6.10 %
Finance leases4.33 %3.00 %
The following are future minimum lease payments under non-cancellable leases for the years ending December 31 (in thousands) below:
Operating Leases
Finance Leases
2022 (excluding the nine months ended September 30, 2022)
$1,045 $155 
20234,023 539 
20243,636 473 
20253,294 310 
20262,987 61 
Thereafter
7,744 — 
Total future minimum lease payments
22,729 1,538 
Less: imputed interest
3,378 98 
Total lease liabilities
19,351 1,440 
Less: current portion
3,208 509 
Long-term lease liabilities
$16,143 $931 
As of September 30, 2022, 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 three months to eight years. Some of the leases may include options to extend the lease terms for up to 10 years, and some of the leases may include options to terminate the leases within one year. As of September 30, 2022 and December 31, 2021, assets recorded under finance leases were $1.3 million and $1.3 million, respectively, and accumulated depreciation associated with finance leases were $0.9 million and $0.6 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 sheets.
The components of lease expense were as follows (in thousands):
Three Months Ended September 30,
20222021
Operating lease cost
$1,655 $1,379 
Finance lease cost
Amortization of lease expense
138 27 
Interest on lease liabilities
17 3 
Sublease income(132)(235)
Total lease cost, net$1,678 $1,174 
Nine Months Ended September 30,
20222021
Operating lease cost$4,780 $3,893 
Finance lease cost
Amortization of lease expense422 81 
Interest on lease liabilities54 8 
Sublease income(464)(709)
Total lease cost, net$4,792 $3,273 
Other information related to leases was as follows (in thousands):
Three Months Ended
September 30,
20222021
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,712 $1,414 
Operating cash flows from finance leases17 3 
Financing cash flows from finance leases138 27 
Nine Months Ended September 30,
20222021
 
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,758 $3,903 
Operating cash flows from finance leases54 8 
Financing cash flows from finance leases422 81 
Nine Months Ended September 30,
20222021
Weighted Average Remaining Lease Term
Operating leases6.37 years6.44 years
Finance leases2.91 years2.92 years
Weighted Average Discount Rate
Operating leases4.92 %6.10 %
Finance leases4.33 %3.00 %
The following are future minimum lease payments under non-cancellable leases for the years ending December 31 (in thousands) below:
Operating Leases
Finance Leases
2022 (excluding the nine months ended September 30, 2022)
$1,045 $155 
20234,023 539 
20243,636 473 
20253,294 310 
20262,987 61 
Thereafter
7,744 — 
Total future minimum lease payments
22,729 1,538 
Less: imputed interest
3,378 98 
Total lease liabilities
19,351 1,440 
Less: current portion
3,208 509 
Long-term lease liabilities
$16,143 $931 
As of September 30, 2022, the Company does not have additional operating and finance leases that have not yet commenced.