Segments (Tables)

6 Months Ended

Jun. 30, 2021

Financial Information Attributable to the Company's Business Segments

The following tables set forth certain financial information from continuing operations attributable to the Company’s business segments (in thousands):


	Three months ended June 30, 2021
	NEMT		Personal Care		Matrix Investment		Total
Service revenue, net	$	364,760	$	109,688	$	—	$	474,448
Grant income (1)	—		852		—		852

Service expense	292,657		86,909		—		379,566
General and administrative expense (2)	41,621		14,726		—		56,347
Depreciation and amortization	6,935		4,884		—		11,819
Operating income	$	23,547	$	4,021	$	—	$	27,568

Equity in net income (loss) of investee	$	—	$	—	$	(267)	$	(267)
Equity investment	$	—	$	—	$	141,163	$	141,163
Goodwill	$	135,216	$	313,544	$	—	$	448,760
Total assets (continuing operations)	$	727,077	$	707,958	$	141,163	$	1,576,198


	Six months ended June 30, 2021
	NEMT		Personal Care		Matrix Investment		Total
Service revenue, net	$	708,176	$	219,882	$	—	$	928,058
Grant income (1)	—		3,500		—		3,500

Service expense	565,072		174,826		—		739,898
General and administrative expense (2)	81,587		29,630		—		111,217
Depreciation and amortization	14,248		9,811		—		24,059
Operating income	$	47,269	$	9,115	$	—	$	56,384

Equity in net income (loss) of investee	$	—	$	—	$	(4,770)	$	(4,770)
Equity investment	$	—	$	—	$	141,163	$	141,163
Goodwill	$	135,216	$	313,544	$	—	$	448,760
Total assets (continuing operations)	$	727,077	$	707,958	$	141,163	$	1,576,198

(1) Grant income for the Personal Care segment includes $3.5 million of provider relief funds received under the CARES Act. These funds are intended to support healthcare providers by reimbursing them for expenses incurred, or revenue lost, as a result of the COVID-19 pandemic. See Note 2, Significant Accounting Policies and Recent Accounting Pronouncements.

(2) General and administrative expense for the NEMT segment includes $2.0 million of costs related to the development of the nutritional meal delivery business offering. As this line of business has not yet commenced, and there is no discrete financial information available related to it, it is not considered a separate reportable segment at this time.


	Three months ended June 30, 2020
	NEMT		Matrix Investment		Total
Service revenue, net	$	282,256	$	—	$	282,256

Service expense	196,106		—		196,106
General and administrative expense	31,199		—		31,199
Depreciation and amortization	6,108		—		6,108
Operating income	$	48,843	$	—	$	48,843

Equity in net income of investee	$	—	$	4,425	$	4,425
Equity investment	$	—	$	131,974	$	131,974
Goodwill	$	135,216	$	—	$	135,216
Total assets (continuing operations)	$	522,271	$	131,974	$	654,245


	Six months ended June 30, 2020
	NEMT		Matrix Investment		Total
Service revenue, net	$	649,547	$	—	$	649,547


Service expense	528,767		—		528,767
General and administrative expense	51,994		—		51,994
Depreciation and amortization	9,898		—		9,898
Operating income	$	58,888	$	—	$	58,888

Equity in net income of investee	$	—	$	1,875	$	1,875
Equity investment	$	—	$	131,974	$	131,974
Goodwill	$	135,216	$	—	$	135,216
Total assets (continuing operations)	$	522,271	$	131,974	$	654,245