Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Segment Reporting Information

The following tables set forth selected segment financial data.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Revenue and other operating income:
Independent Living(1)(2)	$	137,626	$	119,593	$	388,769	$	357,855
Assisted Living and Memory Care(1)(2)	491,818		402,696		1,365,172		1,187,085
CCRCs(1)(2)	87,563		77,895		249,215		228,346
All Other	40,451		41,470		121,638		163,836
Health Care Services(1)(2)	—		—		—		177,269
Total revenue and other operating income	$	757,458	$	641,654	$	2,124,794	$	2,114,391



Segment operating income:(3)
Independent Living	$	46,395	$	36,733	$	122,788	$	109,354
Assisted Living and Memory Care	130,039		75,324		294,490		223,819
CCRCs	15,063		7,704		33,940		23,985
All Other	2,967		3,621		9,625		17,185
Health Care Services	—		—		—		5,816
Total segment operating income	194,464		123,382		460,843		380,159
General and administrative expense (including non-cash stock-based compensation expense)	41,331		43,812		128,209		146,155
Facility operating lease expense	41,317		43,226		124,419		131,508
Depreciation and amortization	86,922		84,560		259,229		252,042
Asset impairment	5,688		639		17,362		13,394






Income (loss) from operations	$	19,206	$	(48,855)	$	(68,376)	$	(162,940)


	As of
(in thousands)	September 30, 2022		December 31, 2021
Total assets:
Independent Living(4)	$	1,297,172	$	1,349,341
Assisted Living and Memory Care	3,527,339		3,601,144
CCRCs	674,449		693,386
Corporate and All Other	594,993		766,596
Total assets	$	6,093,953	$	6,410,467

(1)All revenue and other operating income is earned from external third parties in the United States.

(2)Includes other operating income recognized for the credits or grants pursuant to the Provider Relief Fund, employee retention credit, and other government sources as described in Note 3. Allocations to the applicable segment generally reflect the credits earned by the segment, the segment's receipt and acceptance of the grant, or the segment's proportional utilization of the grant. Other operating income by segment is as follows.


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Other operating income:
Independent Living	$	9,520	$	9	$	10,681	$	1,484
Assisted Living and Memory Care	49,721		75		56,489		5,808
CCRCs	7,518		5		8,376		1,735
Health Care Services	—		—		—		3,105
Total other operating income	$	66,759	$	89	$	75,546	$	12,132

(3)Segment operating income is defined as segment revenues and other operating income less segment facility operating expenses (excluding facility depreciation and amortization) and costs incurred on behalf of managed communities.

(4)The Company's Independent Living segment had a carrying amount of goodwill of $27.3 million as of both September 30, 2022 and December 31, 2021.