Accounts Payable and Accrued Expenses

6 Months Ended

Jun. 30, 2021

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

7.            Accounts Payable and Accrued Expenses:

Accounts payable and accrued expenses consist of the following (in thousands):

	June 30, 2021	December 31, 2020
Accounts payable	$40,658	$59,771
Accrued salaries and incentive compensation	129,915	184,849
Accrued payroll taxes and benefits	35,669	43,945
Accrued professional liabilities	36,473	50,607
Accrued interest	29,280	32,721
Other accrued expenses	57,923	51,290
	$329,918	$423,183

The net decrease in accrued salaries and incentive compensation of $19.1 million, from December 31, 2020 to June 30, 2021, is primarily due to the payment of performance-based incentive compensation, principally to the Company’s affiliated physicians, partially offset by performance-based incentive compensation accrued during the six months ended June 30, 2021. A majority of the Company’s payments for performance-based incentive compensation is paid annually during the first quarter.