Segments And Nature Of The Business

12 Months Ended

Dec. 31, 2020

Segments And Nature Of The Business [Abstract]

Segments And Nature Of The Business

5.    Segments and Nature of the Business

Our segments include the VITAS segment and the Roto-Rooter segment. Relative contributions of each segment to service revenues and sales were 64% and 36% in 2020, 66% and 34% in 2019 and 67% and 33% in 2018. The vast majority of our service revenues and sales from continuing operations are generated from business within the United States. Service revenues and sales by business segment are shown in Note 2.

The reportable segments have been defined along service lines, which is consistent with the way the businesses are managed. In determining reportable segments, the RRSC and RRC operating units of the Roto-Rooter segment have been aggregated on the basis of possessing similar operating and economic characteristics. The characteristics of these operating segments and the basis for aggregation are reviewed annually.

We report corporate administrative expenses and unallocated investing and financing income and expense not directly related to either segment as “Corporate”. Corporate administrative expense includes the stewardship, accounting and reporting, legal, tax and other costs of operating a publicly held corporation. Corporate investing and financing income and expenses include the costs and income associated with corporate debt and investment arrangements.

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Segment data are set forth below (in thousands):

		For the Years Ended December 31,
		2020		2019		2018
After-tax Segment Earnings/(Loss)
VITAS	$	238,782	$	155,822	$	138,846
Roto-Rooter		120,394		103,710		98,711
Total		359,176		259,532		237,557
Corporate		(39,710)		(39,609)		(32,013)
Net income	$	319,466	$	219,923	$	205,544
Interest Income
VITAS	$	20,565	$	18,515	$	13,412
Roto-Rooter		6,332		8,285		7,000
Total		26,897		26,800		20,412
Corporate		13		-		-
Intercompany eliminations		(26,153)		(26,287)		(19,741)
Total interest income	$	757	$	513	$	671
Interest Expense
VITAS	$	166	$	169	$	175
Roto-Rooter		340		345		319
Total		506		514		494
Corporate		1,849		4,021		4,496
Total interest expense	$	2,355	$	4,535	$	4,990
Income Tax Provision
VITAS	$	76,473	$	48,711	$	40,847
Roto-Rooter		37,038		30,276		28,850
Total		113,511		78,987		69,697
Corporate		(36,987)		(37,301)		(35,641)
Total income tax provision	$	76,524	$	41,686	$	34,056
Identifiable Assets
VITAS	$	672,246	$	663,455	$	553,949
Roto-Rooter		499,101		507,480		351,030
Total		1,171,347		1,170,935		904,979
Corporate		263,564		97,382		70,550
Total identifiable assets	$	1,434,911	$	1,268,317	$	975,529
Additions to Long-Lived Assets
VITAS	$	28,865	$	25,530	$	36,969
Roto-Rooter		27,682		162,494		68,786
Total		56,547		188,024		105,755
Corporate		5,246		1,000		128
Total additions to long-lived assets	$	61,793	$	189,024	$	105,883
Depreciation and Amortization
VITAS	$	22,239	$	20,055	$	19,700
Roto-Rooter		34,208		24,994		19,016
Total		56,447		45,049		38,716
Corporate		136		156		147
Total depreciation and amortization	$	56,583	$	45,205	$	38,863