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Leases
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Leases Leases
The Company has operating and finance leases for corporate offices, physicians’ offices, and certain equipment. These leases have remaining lease terms of thirty days to nine years. Some of the leases may include options to extend the lease terms for up to 10 years, and some of the leases may include options to terminate the leases within one year. As of June 30, 2022 and December 31, 2021, assets recorded under finance leases were $1.4 million and $1.3 million, respectively, and accumulated depreciation associated with finance leases were $0.8 million and $0.6 million, respectively.
Also, the Company rents or subleases certain real estate to third parties, which are accounted for as operating leases.
Leases with an initial term of 12 months or less are not recorded on the balance sheets.
The components of lease expense were as follows (in thousands):
Three Months Ended June 30,
20222021
Operating lease cost
$1,547 $1,263 
Finance lease cost
Amortization of lease expense
142 27 
Interest on lease liabilities
18 3 
Sublease income(206)(280)
Total lease cost, net$1,501 $1,013 
Six Months Ended June 30,
20222021
Operating lease cost$3,154 $2,515 
Finance lease cost
Amortization of lease expense283 54 
Interest on lease liabilities37 6 
Sublease income(332)(473)
Total lease cost, net$3,142 $2,102 
Other information related to leases was as follows (in thousands):
Three Months Ended
June 30,
20222021
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,495 $1,293 
Operating cash flows from finance leases18 3 
Financing cash flows from finance leases142 27 
Six Months Ended June 30,
20222021
 
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$3,042 $3,149 
Operating cash flows from finance leases37 6 
Financing cash flows from finance leases283 54 
Six Months Ended June 30,
20222021
Weighted Average Remaining Lease Term
Operating leases6.55 years6.56 years
Finance leases3.11 years3.17 years
Weighted Average Discount Rate
Operating leases4.92 %6.10 %
Finance leases4.32 %3.00 %
The following are future minimum lease payments under non-cancellable leases for the years ending December 31 (in thousands) below:
Operating Leases
Finance Leases
2022 (excluding the six months ended June 30, 2022)
$2,089 $309 
20234,023 539 
20243,636 473 
20253,294 310 
20262,987 56 
Thereafter
7,752 — 
Total future minimum lease payments
23,781 1,687 
Less: imputed interest
3,624 114 
Total lease liabilities
20,157 1,573 
Less: current portion
3,253 524 
Long-term lease liabilities
$16,904 $1,049 
As of June 30, 2022, the Company does not have additional operating and finance leases that have not yet commenced.
Leases Leases
The Company has operating and finance leases for corporate offices, physicians’ offices, and certain equipment. These leases have remaining lease terms of thirty days to nine years. Some of the leases may include options to extend the lease terms for up to 10 years, and some of the leases may include options to terminate the leases within one year. As of June 30, 2022 and December 31, 2021, assets recorded under finance leases were $1.4 million and $1.3 million, respectively, and accumulated depreciation associated with finance leases were $0.8 million and $0.6 million, respectively.
Also, the Company rents or subleases certain real estate to third parties, which are accounted for as operating leases.
Leases with an initial term of 12 months or less are not recorded on the balance sheets.
The components of lease expense were as follows (in thousands):
Three Months Ended June 30,
20222021
Operating lease cost
$1,547 $1,263 
Finance lease cost
Amortization of lease expense
142 27 
Interest on lease liabilities
18 3 
Sublease income(206)(280)
Total lease cost, net$1,501 $1,013 
Six Months Ended June 30,
20222021
Operating lease cost$3,154 $2,515 
Finance lease cost
Amortization of lease expense283 54 
Interest on lease liabilities37 6 
Sublease income(332)(473)
Total lease cost, net$3,142 $2,102 
Other information related to leases was as follows (in thousands):
Three Months Ended
June 30,
20222021
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$1,495 $1,293 
Operating cash flows from finance leases18 3 
Financing cash flows from finance leases142 27 
Six Months Ended June 30,
20222021
 
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$3,042 $3,149 
Operating cash flows from finance leases37 6 
Financing cash flows from finance leases283 54 
Six Months Ended June 30,
20222021
Weighted Average Remaining Lease Term
Operating leases6.55 years6.56 years
Finance leases3.11 years3.17 years
Weighted Average Discount Rate
Operating leases4.92 %6.10 %
Finance leases4.32 %3.00 %
The following are future minimum lease payments under non-cancellable leases for the years ending December 31 (in thousands) below:
Operating Leases
Finance Leases
2022 (excluding the six months ended June 30, 2022)
$2,089 $309 
20234,023 539 
20243,636 473 
20253,294 310 
20262,987 56 
Thereafter
7,752 — 
Total future minimum lease payments
23,781 1,687 
Less: imputed interest
3,624 114 
Total lease liabilities
20,157 1,573 
Less: current portion
3,253 524 
Long-term lease liabilities
$16,904 $1,049 
As of June 30, 2022, the Company does not have additional operating and finance leases that have not yet commenced.