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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities:      
Net income $ 67,976,000 $ 58,699,000 $ 55,682,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 42,419,000 41,894,000 42,652,000
Equity in earnings of unconsolidated investments (9,744,000) (1,020,000) (6,932,000)
Distributions from unconsolidated investments 3,902,000 5,241,000 7,829,000
Unrealized gains on marketable equity securities (12,230,000) (1,138,000) 0
Gains on sale of restricted marketable debt securities (127,000) (18,000) (262,000)
Gains on acquisitions of equity method investments (1,975,000) (2,050,000) 0
Gain on sale of skilled nursing facility 0 (1,668,000) 0
Deferred income taxes (4,052,000) (718,000) 4,714,000
Stock–based compensation 1,878,000 1,778,000 1,678,000
Changes in operating assets and liabilities:      
Accounts receivable 4,299,000 (9,398,000) (4,236,000)
Federal income tax receivable (2,560,000) 5,465,000 (800,000)
Inventories 29,000 (317,000) 355,000
Prepaid expenses and other assets (287,000) (1,743,000) (796,000)
Trade accounts payable (856,000) 3,467,000 (2,615,000)
Accrued payroll 2,208,000 516,000 1,190,000
Amounts due to third party payors (1,000,000) (1,281,000) 370,000
Accrued risk reserves 540,000 2,818,000 3,070,000
Other current liabilities 780,000 (2,050,000) 2,987,000
Obligation to provide future services (137,000) (715,000) (349,000)
Other noncurrent liabilities 854,000 (591,000) (507,000)
Deferred revenue 82,000 (172,000) (136,000)
Net cash provided by operating activities 100,103,000 98,435,000 94,466,000
Cash Flows From Investing Activities:      
Additions to property and equipment (26,400,000) (29,772,000) (32,347,000)
Proceeds from the sale of skilled nursing facility 0 4,300,000 0
Investments in unconsolidated companies (222,000) (444,000) (246,000)
Acquisition of equity method investment (15,589,000) (527,000) 0
Investments in notes receivable (5,462,000) 0 (202,000)
Collections of notes receivable 1,379,000 1,553,000 4,282,000
Purchases of restricted marketable debt securities (12,471,000) (13,311,000) (31,244,000)
Sale of restricted marketable debt securities 44,500,000 4,539,000 50,197,000
Net cash used in investing activities (14,265,000) (33,662,000) (9,560,000)
Cash Flows From Financing Activities:      
Principal payments under line of credit agreement (45,000,000) (45,000,000) (20,000,000)
Principal payments under finance lease obligations (3,923,000) (3,696,000) (3,481,000)
Dividends paid to common stockholders (31,208,000) (29,827,000) (28,237,000)
Issuance of common shares 2,346,000 2,865,000 2,524,000
Repurchase of common shares (872,000) (867,000) 0
Distributions attributable to noncontrolling interest (468,000) 0 0
Equity contributed by noncontrolling interest 0 0 1,217,000
Entrance fee refunds (623,000) (749,000) (1,097,000)
Net cash used in financing activities (79,748,000) (77,274,000) (49,074,000)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 6,090,000 (12,501,000) 35,832,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning of Period 54,920,000 67,421,000 31,589,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, End of Period 61,010,000 54,920,000 67,421,000
Balance Sheet Classifications:      
Cash and cash equivalents 50,334,000 43,247,000 59,118,000
Restricted Cash and Cash Equivalents 10,676,000 11,673,000 8,303,000
Total Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 61,010,000 67,421,000 31,589,000
Supplemental Information:      
Cash payments for interest 3,118,000 4,899,000 5,183,000
Cash payments for income taxes $ 20,889,000 $ 9,182,000 $ 23,550,000