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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 17,203 $ 11,933
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 20,002 19,808
Amortization of deferred loan costs 722 788
Gain on sale of assets, net (192) (251)
Loss on derivative instruments, net 1,606 1,103
Gain on extinguishment of debt (38,148) (36,339)
Loss from equity method investment 35 0
Provision for bad debt 881 334
Non-cash stock-based compensation expense 1,786 1,503
Other non-cash items (3) (1)
Changes in operating assets and liabilities:    
Accounts receivable, net (2,008) (1,807)
Prepaid expenses and other assets (756) 1,316
Other assets, net (199) 294
Accounts payable and accrued expense (2,791) 6,100
Federal and state income taxes payable (122) 61
Deferred income 315 723
Other current liabilities 45 (28)
Net cash provided by (used in) operating activities (1,624) 5,537
Cash flows from investing activities:    
Acquisition of unconsolidated entities (22,342) 0
Community acquisition (11,105) 0
Capital expenditures (9,899) (9,698)
Proceeds from sale of assets 631 343
Net cash used in investing activities (42,715) (9,355)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 65,079 0
Proceeds from notes payable 36,648 0
Repayments of notes payable (48,475) (5,893)
Purchase of interest rate cap (1,851) 0
Deferred loan costs paid (633) (327)
Other financing costs (396) (84)
Net cash provided by (used in) financing activities 50,372 (6,304)
Increase (decrease) in cash and cash equivalents and restricted cash 6,033 (10,122)
Cash, cash equivalents, and restricted cash at beginning of period 17,750 30,742
Cash, cash equivalents, and restricted cash at end of period 23,783 20,620
Cash paid during the period for:    
Interest 14,016 14,459
Income taxes paid (refunds received), net 237 76
Non-cash investing and financing activities:    
Undeclared dividends on Series A convertible preferred stock 2,707 2,428
Non-cash additions of property and equipment $ 1,831 $ 1,788