Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2022

Summary of financial information concerning the Company's reporting segments

Summarized financial information concerning our reportable segments is shown in the following tables. Total assets for each of the segments has not materially changed from December 31, 2021.


	Patient Care				Products & Services
	For the Three Months Ended June 30,				For the Three Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Net revenues
Third party	$	265,670	$	236,787	$	46,363	$	44,032
Intersegments	—		—		63,433		54,900
Total net revenues	265,670		236,787		109,796		98,932
Material costs
Third party suppliers	71,623		62,631		26,810		26,640
Intersegments	10,462		9,086		52,971		45,814
Total material costs	82,085		71,717		79,781		72,454
Personnel expenses	93,838		83,198		16,437		14,351
Other expenses	44,426		37,445		6,871		6,763
Depreciation & amortization	4,783		4,787		2,179		1,963
Segment income from operations	$	40,538	$	39,640	$	4,528	$	3,401


	Patient Care				Products & Services
	For the Six Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Net revenues
Third party	$	485,488	$	432,469	$	87,832	$	85,820
Intersegments	—		—		118,108		101,905
Total net revenues	485,488		432,469		205,940		187,725
Material costs
Third party suppliers	131,541		114,290		52,484		50,151
Intersegments	21,520		17,349		96,588		84,556
Total material costs	153,061		131,639		149,072		134,707
Personnel expenses	180,247		158,952		31,703		28,477
Other expenses	85,122		73,586		13,928		12,566
Depreciation & amortization	9,527		9,602		4,202		3,898
Segment income from operations	$	57,531	$	58,690	$	7,035	$	8,077

Schedule of reconciliation of reportable segments

A reconciliation of the total of the reportable segments’ income from operations to consolidated net income is as follows:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Income from operations
Patient Care	$	40,538	$	39,640	$	57,531	$	58,690
Products & Services	4,528		3,401		7,035		8,077
Corporate & other	(24,279)		(22,947)		(46,324)		(44,652)
Income from operations	20,787		20,094		18,242		22,115
Interest expense, net	7,524		7,152		14,909		14,492
Non-service defined benefit plan expense	160		167		320		334
Income before income taxes	13,103		12,775		3,013		7,289
Provision for income taxes	2,986		2,616		873		460
Net income	$	10,117	$	10,159	$	2,140	$	6,829

A reconciliation of the reportable segments’ net revenues to consolidated net revenues is as follows:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Net revenues
Patient Care	$	265,670	$	236,787	$	485,488	$	432,469
Products & Services	109,796		98,932		205,940		187,725
Corporate & other	—		—		—		—
Consolidating adjustments	(63,433)		(54,900)		(118,108)		(101,905)
Consolidated net revenues	$	312,033	$	280,819	$	573,320	$	518,289

A reconciliation of the reportable segments’ material costs to consolidated material costs is as follows:


	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Material costs
Patient Care	$	82,085	$	71,717	$	153,061	$	131,639
Products & Services	79,781		72,454		149,072		134,707
Corporate & other	—		—		—		—
Consolidating adjustments	(63,433)		(54,900)		(118,108)		(101,905)
Consolidated material costs	$	98,433	$	89,271	$	184,025	$	164,441