Schedule of financial data combined by business segment |
The following tables present certain financial information regarding the Company’s reportable segments, general and administrative expenses are not allocated to the reportable segments and are included in “All Other” for the three and six months ended June 30, 2024 and 2023:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Home Health and Hospice Services | | Senior Living Services | | All Other | | Total | Three Months Ended June 30, 2024 | | | | | | | | | Revenue | | $ | 125,301 | | | $ | 43,444 | | | $ | — | | | $ | 168,745 | | Segment Adjusted EBITDAR from Operations | | $ | 21,214 | | | $ | 12,804 | | | $ | (10,546) | | | $ | 23,472 | | Three Months Ended June 30, 2023 | | | | | | | | | Revenue | | $ | 95,020 | | | $ | 37,261 | | | $ | — | | | $ | 132,281 | | Segment Adjusted EBITDAR from Operations | | $ | 15,681 | | | $ | 11,680 | | | $ | (7,885) | | | $ | 19,476 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Home Health and Hospice Services | | Senior Living Services | | All Other | | Total | Six Months Ended June 30, 2024 | | | | | | | | | Revenue | | $ | 241,791 | | | $ | 83,869 | | | $ | — | | | $ | 325,660 | | Segment Adjusted EBITDAR from Operations | | $ | 40,764 | | | $ | 24,815 | | | $ | (20,707) | | | $ | 44,872 | | Six Months Ended June 30, 2023 | | | | | | | | | Revenue | | $ | 186,099 | | | $ | 72,646 | | | $ | — | | | $ | 258,745 | | Segment Adjusted EBITDAR from Operations | | $ | 30,093 | | | $ | 21,921 | | | $ | (15,399) | | | $ | 36,615 | |
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Schedule of reconciliation of total combined adjusted EBITDAR from operations for our reportable segments to combined income from operations |
The following table provides a reconciliation of Segment Adjusted EBITDAR from Operations to Condensed Consolidated Income from Operations:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2024 | | 2023 | | 2024 | | 2023 | Segment Adjusted EBITDAR from Operations | $ | 23,472 | | | $ | 19,476 | | | $ | 44,872 | | | $ | 36,615 | | Less: Depreciation and amortization | 1,468 | | | 1,214 | | | 2,799 | | | 2,494 | | Rent—cost of services | 10,524 | | | 9,836 | | | 20,908 | | | 19,433 | | Other (expense) income | (2) | | | 35 | | | 83 | | | 65 | | Adjustments to Segment EBITDAR from Operations: | | | | | | | | Less: Costs at start-up operations(a) | (55) | | | 65 | | | (137) | | | 268 | | Share-based compensation expense and related taxes(b) | 1,949 | | | 1,354 | | | 3,475 | | | 2,773 | | Acquisition related costs and credit allowances(c) | 365 | | | 72 | | | 502 | | | 104 | | | | | | | | | | Costs associated with transitioning operations(d) | 33 | | | 538 | | | (595) | | | 585 | | Unusual, non-recurring or redundant charges(e) | 32 | | | 226 | | | 307 | | | 624 | | Add: Net income attributable to noncontrolling interest | 404 | | | 125 | | | 556 | | | 272 | | Condensed Consolidated Income from Operations | $ | 9,562 | | | $ | 6,261 | | | $ | 18,086 | | | $ | 10,541 | |
| | | | | | | | | (a) | | Represents results related to start-up operations. This amount excludes rent and depreciation and amortization expense related to such operations. | (b) | | Share-based compensation expense and related payroll taxes incurred. Share-based compensation expense and related payroll taxes are included in cost of services and general and administrative expense. | (c) | | Non-capitalizable costs associated with acquisitions, credit allowances, and write offs for amounts in dispute with the prior owners of certain acquired operations. | | | |
| | | | | | | | | (d) | | During the three months ended March 31, 2023, an affiliate of the Company placed its memory care units into transition and began seeking to sublease the units to an unrelated third party. The amount above represents the net operating impact attributable to the units in transition. The amounts reported exclude rent and depreciation and amortization expense related to such operations and include legal settlement costs associated with one of the entities transitioned to Ensign. | (e) | | Represents unusual or non-recurring charges for legal services, implementation costs, integration costs, and consulting fees in general and administrative and cost of services expenses. |
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