Accounts Payable and Accrued Expenses

9 Months Ended

Sep. 30, 2020

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

7. Accounts Payable and Accrued Expenses:

Accounts payable and accrued expenses consist of the following (in thousands):

	September 30, 2020		December 31, 2019
Accounts payable	$	60,956	$	35,410
Accrued salaries and bonuses		158,579		193,631
Accrued payroll taxes and benefits		48,474		54,768
Accrued professional liabilities		55,469		44,699
Accrued interest		26,940		32,910
Other accrued expenses		38,099		49,219
	$	388,517	$	410,637

The net decrease in accrued salaries and bonuses of $35.1 million, from December 31, 2019 to September 30, 2020, is primarily due to the payment of performance-based incentive compensation, principally to the Company’s affiliated physicians, partially offset by performance-based incentive compensation accrued during the nine months ended September 30, 2020. A majority of the Company’s payments for performance-based incentive compensation is paid annually during the first quarter.