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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities:      
Net income $ 102,086,000 $ 65,288,000 $ 19,977,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 41,985,000 42,034,000 40,489,000
Equity in earnings of unconsolidated investments (589,000) (2,015,000) (477,000)
Distributions from unconsolidated investments 512,000 470,000 439,000
Unrealized (gains) losses on marketable equity securities (30,958,000) (14,944,000) 15,806,000
(Gains) losses on sale of marketable securities (1,093,000) 667,000 1,326,000
Gain on sale of unconsolidated company (1,024,000) 0 0
Gain on sale of property and equipment 0 (6,230,000) 0
Impairment (recovery) of assets 0 0 (3,728,000)
Deferred income taxes (17,941,000) (5,768,000) (5,995,000)
Stock–based compensation 4,160,000 2,782,000 2,612,000
Changes in operating assets and liabilities:      
Accounts receivable (26,441,000) (8,559,000) (3,862,000)
Inventories (599,000) (298,000) 1,494,000
Prepaid expenses and other assets 6,283,000 (669,000) (11,111,000)
Operating lease obligations 273,000 (1,244,000) (430,000)
Trade accounts payable 6,299,000 2,236,000 (5,530,000)
Accrued payroll 4,951,000 11,600,000 (34,188,000)
Amounts due to third party payors (3,018,000) 1,738,000 (964,000)
Accrued risk reserves 357,000 790,000 4,421,000
Provider relief funds 0 0 (9,443,000)
Contract liabilities 0 0 (15,022,000)
Other current liabilities (3,349,000) 5,376,000 (2,444,000)
Other noncurrent liabilities (10,473,000) 6,426,000 3,382,000
Net cash provided by operating activities 107,303,000 111,216,000 8,742,000
Cash Flows From Investing Activities:      
Purchases of property and equipment (27,600,000) (27,901,000) (30,200,000)
Investments in unconsolidated companies (14,298,000) (4,661,000) 0
Proceeds from sale of assets 2,100,000 0 4,175,000
(Investments in) collections of notes receivable (9,000) (201,000) 3,879,000
Purchases of marketable securities (35,057,000) (29,501,000) (33,793,000)
Sale of marketable securities 51,970,000 47,396,000 49,961,000
Net cash used in investing activities (236,693,000) (17,568,000) (5,978,000)
Cash Flows From Financing Activities:      
Borrowings under credit facility 150,000,000 0 0
Repayments under credit facility (13,000,000) 0 0
Debt issuance costs (400,000) 0 0
Principal payments under finance lease obligations (860,000) (4,985,000) (4,695,000)
Dividends paid to common stockholders (36,964,000) (35,560,000) (34,604,000)
Issuance of common shares 14,268,000 313,000 2,114,000
Repurchase of common shares (13,502,000) (2,482,000) (9,903,000)
Noncontrolling interest contributions 1,115,000 0 250,000
Entrance fee deposits (refunds) (313,000) 169,000 (804,000)
Net cash provided by / (used in) financing activities 100,344,000 (42,545,000) (47,642,000)
Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents (29,046,000) 51,103,000 (44,878,000)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning of Period 125,968,000 74,865,000 119,743,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, End of Period 96,922,000 125,968,000 74,865,000
Balance Sheet Classifications:      
Cash and cash equivalents 76,121,000 107,076,000 58,667,000
Restricted Cash and Cash Equivalents 20,801,000 18,892,000 16,198,000
Total Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 96,922,000 125,968,000 74,865,000
Supplemental Information:      
Cash payments for interest 3,416,000 290,000 493,000
Cash payments for income taxes 17,525,000 14,571,000 8,765,000
White Oak Senior Living Portfolio [Member]      
Cash Flows From Investing Activities:      
Acquisition of businesses, net of cash acquired (215,896,000) 0 0
Other Business Acquisitions [Member]      
Cash Flows From Investing Activities:      
Acquisition of businesses, net of cash acquired $ 2,097,000 $ (2,700,000) $ 0