Segment Information

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Segment Information

12. Segment Information

Operating segments are defined as components of a company that engage in business activities from which it may earn revenues and incur expenses, and for which separate financial information is available and is regularly reviewed by the Company’s chief operating decision makers, to assess the performance of the individual segments and make decisions about resources to be allocated to the segments. The Company operates as a multi-state provider of three distinct but related business segments providing in-home services.

In its personal care segment, the Company provides non-medical assistance with activities of daily living, primarily to persons who are at increased risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled. In its hospice segment, the Company provides physical, emotional and spiritual care for people who are terminally ill as well as related services for their families. In its home health segment, the Company provides services that are primarily medical in nature to individuals who may require assistance during an illness or after hospitalization and include skilled nursing and physical, occupational and speech therapy.

The tables below set forth information about the Company’s reportable segments, along with the items necessary to reconcile the segment information to the totals reported in the accompanying Unaudited Condensed Consolidated Financial Statements. Segment assets are not reviewed by the Company’s chief operating decision maker function and therefore are not disclosed below.

Segment operating income consists of revenue generated by a segment, less the direct costs of service revenues and general and administrative expenses that are incurred directly by the segment. Unallocated general and administrative costs are those costs for functions performed in a centralized manner and therefore not attributable to a particular segment. These costs include accounting, finance, human resources, legal, information technology, corporate office support and facility costs and overall corporate management.

	For the Three Months Ended June 30, 2024
	(Amounts in Thousands)
	Personal Care		Hospice		Home Health		Total
Net service revenues	$	212,817	$	56,030	$	18,075	$	286,922
Cost of services revenues		152,755		29,730		11,279		193,764
Gross profit		60,062		26,300		6,796		93,158
General and administrative expenses		16,973		13,466		4,572		35,011
Segment operating income	$	43,089	$	12,834	$	2,224	$	58,147

	For the Three Months Ended June 30, 2023
	(Amounts in Thousands)
	Personal Care		Hospice		Home Health		Total
Net service revenues	$	198,314	$	50,210	$	11,456	$	259,980
Cost of services revenues		143,972		26,606		7,084		177,662
Gross profit		54,342		23,604		4,372		82,318
General and administrative expenses		16,267		12,768		2,641		31,676
Segment operating income	$	38,075	$	10,836	$	1,731	$	50,642

	For the Three Months Ended June 30,
	2024			2023
	(Amounts in Thousands)
Segment reconciliation:
Total segment operating income	$	58,147		$	50,642
Items not allocated at segment level:
Other general and administrative expenses		28,565			25,721
Depreciation and amortization		3,401			3,382
Interest income		(474	)		(291	)
Interest expense		2,114			2,331
Income before income taxes	$	24,541		$	19,499

	For the Six Months Ended June 30, 2024
	(Amounts in Thousands)
	Personal Care		Hospice		Home Health		Total
Net service revenues	$	420,820	$	111,893	$	34,955	$	567,668
Cost of services revenues		305,291		58,697		22,345		386,333
Gross profit		115,529		53,196		12,610		181,335
General and administrative expenses		32,418		26,905		9,109		68,432
Segment operating income	$	83,111	$	26,291	$	3,501	$	112,903

	For the Six Months Ended June 30, 2023
	(Amounts in Thousands)
	Personal Care		Hospice		Home Health		Total
Net service revenues	$	388,346	$	99,292	$	23,941	$	511,579
Cost of services revenues		282,355		53,873		14,618		350,846
Gross profit		105,991		45,419		9,323		160,733
General and administrative expenses		32,202		25,783		5,521		63,506
Segment operating income	$	73,789	$	19,636	$	3,802	$	97,227

	For the Six Months Ended June 30,
	2024			2023
	(Amounts in Thousands)
Segment reconciliation:
Total segment operating income	$	112,903		$	97,227
Items not allocated at segment level:
Other general and administrative expenses		56,207			50,251
Depreciation and amortization		6,870			6,829
Interest income		(897	)		(397	)
Interest expense		4,872			4,792
Income before income taxes	$	45,851		$	35,752