XML 35 R19.htm IDEA: XBRL DOCUMENT v3.22.2
Related Party Transactions
6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 13 RELATED PARTY TRANSACTIONS

The Company leases 19 office facilities under operating leases with related parties expiring through 2030. The leases provide for monthly minimum rent payments, and some include renewal options for additional terms. Minimum rent payments under operating leases are recognized on a straight-line basis over the term of the lease. Total related-party rent expense included in center costs, excluding depreciation and amortization in the unaudited consolidated statements of operations amounted to:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Rent expense

 

$

391

 

 

$

661

 

 

$

778

 

 

$

1,197

 

A summary of non-cancelable future minimum operating lease payments under these leases as of June 30, 2022 is as follows:

Year Ended December 31,

 

Amount

 

Remainder of 2022

 

$

740

 

2023

 

 

1,211

 

2024

 

 

1,025

 

2025

 

 

1,036

 

2026

 

 

144

 

Thereafter

 

 

257

 

Total

 

$

4,413

 

In addition, management fees to TPG and certain executives of the Company were identified as related party transactions. For the three and six months ended June 30, 2021, the Company incurred related-party management fees of $1,356 and $1,445, respectively. As a result of the Company’s IPO, the Company terminated its management services agreement in the second quarter of 2021, and no management fees were recognized subsequent to the IPO.

As part of the 2022 Credit Agreement restructuring, TPG provided arrangement and structuring services. The Company incurred related party fees of $4,375 during the three and six months ended June 30, 2022 included within debt issue costs.