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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 2,079 $ 5,190
Accounts receivable—less allowance for doubtful accounts of $592 and $902, respectively 53,420 53,940
Prepaid expenses and other current assets 18,323 16,711
Total current assets 73,822 75,841
Property and equipment, net 26,621 16,788
Right-of-use assets 260,868 300,997
Deferred tax assets, net 2,149 3,848
Restricted and other assets 10,545 4,828
Goodwill 79,497 74,265
Other indefinite-lived intangibles 58,617 53,730
Total assets 512,119 530,297
Current liabilities:    
Accounts payable 13,647 10,553
Accrued wages and related liabilities 23,283 23,480
Operating lease liabilities—current 16,633 16,118
Other accrued liabilities 16,684 21,484
Total current liabilities 70,247 71,635
Long-term operating lease liabilities—less current portion 247,042 287,753
Other long-term liabilities 6,281 5,293
Long-term debt, net 62,892 51,372
Total liabilities 386,462 416,053
Commitments and contingencies
Equity:    
Common stock, $0.001 par value; 100,000 shares authorized; 30,149 and 29,692 shares issued and outstanding at December 31, 2022, respectively, and 28,826 and 28,499 shares issued and outstanding at December 31, 2021, respectively 29 28
Additional paid-in capital 99,764 95,595
Retained earnings 21,284 14,641
Treasury stock, at cost, 3 shares at December 31, 2022 and 2021 (65) (65)
Total Pennant Group, Inc. stockholders' equity 121,012 110,199
Noncontrolling interest 4,645 4,045
Total equity 125,657 114,244
Total liabilities and equity $ 512,119 $ 530,297