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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 10,341 $ 2,217
Accounts receivable, net of allowance of $411 and $969, respectively 214,106 222,537
Contract receivables 134,680 143,960
Other receivables 14,094 8,616
Prepaid expenses and other current assets 30,255 27,028
Restricted cash 525 565
Total current assets 404,001 404,923
Property and equipment, net 86,238 85,629
Long-term contract receivables 19,598 0
Goodwill 785,554 785,554
Payor network, net 315,300 330,738
Other intangible assets, net 25,778 30,197
Equity investment 40,247 41,531
Operating lease right-of-use assets 40,565 39,776
Other assets 46,767 48,927
Total assets 1,764,048 1,767,275
Current liabilities:    
Accounts payable 54,645 55,241
Accrued contract payables 128,399 117,488
Accrued transportation costs 86,846 97,245
Accrued expenses and other current liabilities 139,812 127,901
Current portion of operating lease liabilities 8,612 8,727
Short-term borrowings 121,000 113,800
Total current liabilities 539,314 520,402
Long-term debt, net of deferred financing costs of $15,104 and $16,243, respectively 984,896 983,757
Deferred tax liabilities 35,806 39,584
Operating lease liabilities, less current portion 34,886 33,784
Other long-term liabilities 33,305 33,553
Total liabilities 1,628,207 1,611,080
Commitments and contingencies (Note 12)
Stockholders’ equity    
Common stock: Authorized 40,000,000 shares; $0.001 par value; 19,799,177 and 19,775,041, respectively, issued and outstanding (including treasury shares) 20 20
Additional paid-in capital 452,955 450,945
Retained earnings (accumulated deficit) (46,737) (24,437)
Treasury shares, at cost, 5,572,611 and 5,571,004 shares, respectively (270,397) (270,333)
Total stockholders’ equity 135,841 156,195
Total liabilities and stockholders’ equity $ 1,764,048 $ 1,767,275