Accounts Payable and Accrued Expenses

6 Months Ended

Jun. 30, 2026

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, 2026		December 31, 2025
Accounts payable	$	27,849	$	37,220
Accrued salaries and incentive compensation		146,500		248,058
Accrued payroll taxes and benefits		30,949		39,620
Accrued professional liabilities		35,916		35,176
Accrued interest		8,150		8,151
Other accrued expenses		52,473		51,305
	$	301,837	$	419,530

The net decrease in accrued salaries and incentive compensation of $101.6 million, from December 31, 2025 to June 30, 2026, 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, 2026. A majority of the Company’s payments for performance-based incentive compensation is paid annually during the first quarter.