Segment Information

6 Months Ended

Jun. 30, 2019

SEGMENT INFORMATION

Bright Horizons’ services are comprised of full service center-based child care, back-up care, and educational advisory services. As such, the Company has determined that it has three operating segments, which are also its reportable segments. The full service center-based child care segment includes the traditional center-based child care, preschool, and elementary education, which have similar operating characteristics and meet the criteria for aggregation. The Company’s back-up care segment consists of center-based back-up child care and in-home child and adult/elder dependent care. The Company’s educational advisory services segment consists of tuition reimbursement program management and related educational consulting services, and college admissions advisory services, which have similar operating characteristics and meet the criteria for aggregation. The Company and its chief operating decision makers evaluate performance based on revenues and income from operations. The assets and liabilities of the Company are managed centrally and are reported internally in the same manner as the consolidated financial statements; therefore, no additional information is produced or included herein.

Revenue and income from operations by reportable segment was as follows (in thousands):



	Full service center-based child care		Back-up care		Educational advisory services		Total
Three months ended June 30, 2019
Revenue	$	438,580	$	70,049	$	19,431	$	528,060
Income from operations	51,827		18,434		4,572		74,833

Three months ended June 30, 2018
Revenue	$	414,121	$	58,822	$	16,756	$	489,699
Income from operations⁽¹⁾	44,940		16,141		3,543		64,624


(1)	For the three months ended June 30, 2018, income from operations included $1.6 million of expenses related to the May 2018 amendment to the credit agreement and completed acquisitions, which have been allocated to the full service center-based child care segment.



	Full service center-based child care		Back-up care		Educational advisory services		Total
Six months ended June 30, 2019
Revenue	$	856,900	$	134,743	$	38,175	$	1,029,818
Income from operations ⁽¹⁾	93,357		35,551		8,835		137,743

Six months ended June 30, 2018
Revenue	$	806,746	$	113,501	$	33,109	$	953,356
Income from operations ⁽²⁾	81,851		30,266		7,791		119,908


(1)	For the six months ended June 30, 2019, income from operations includes $0.4 million of expenses related to completed acquisitions which have been allocated to the back-up care segment.

(2)

For the six months ended June 30, 2018, income from operations includes $1.9 million of expenses related to the May 2018 amendment to the credit agreement, the March 2018 secondary offering, and completed acquisitions, which have been allocated to the full service center-based child care segment.