Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment and Related Information

Summary of financial information concerning the Company's reporting segments

	Patient Care				Products & Services
	For the Three Months Ended				For the Three Months Ended
	June 30,				June 30,
(in thousands)	2019		2018		2019		2018
Net revenues
Third party	$	231,168	$	218,158	$	49,930	$	48,808
Intersegments		—		—		51,696		49,835
Total net revenues		231,168		218,158		101,626		98,643
Material costs
Third party suppliers		62,948		59,989		28,451		26,527
Intersegments		6,189		5,920		45,507		43,915
Total material costs		69,137		65,909		73,958		70,442
Personnel expenses		78,419		76,792		13,071		12,762
Other expenses		37,336		35,439		7,077		5,483
Depreciation & amortization		4,502		4,998		2,596		2,503
Segment income from operations	$	41,774	$	35,020	$	4,924	$	7,453

	Patient Care				Products & Services
	For the Six Months Ended				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2019		2018		2019		2018
Net revenues
Third party	$	421,769	$	406,665	$	95,748	$	94,296
Intersegments		—		—		96,575		92,357
Total net revenues		421,769		406,665		192,323		186,653
Material costs
Third party suppliers		116,303		112,164		53,473		50,708
Intersegments		11,984		11,644		84,591		80,713
Total material costs		128,287		123,808		138,064		131,421
Personnel expenses		152,128		150,405		26,073		25,257
Other expenses		74,769		70,443		14,025		11,638
Depreciation & amortization		9,054		9,896		5,139		5,005
Segment income from operations	$	57,531	$	52,113	$	9,022	$	13,332

Schedule of reconciliation of reportable segments

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

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2019		2018		2019		2018
Income from operations:
Patient Care	$	41,774	$	35,020	$	57,531	$	52,113
Products & Services		4,924		7,453		9,022		13,332
Corporate & other		(23,595)		(22,144)		(45,429)		(44,493)
Income from operations		23,103		20,329		21,124		20,952
Interest expense, net		8,481		7,317		17,019		19,580
Loss on extinguishment of debt		—		—		—		16,998
Non-service defined benefit plan expense		173		176		346		352
Income (loss) before income taxes		14,449		12,836		3,759		(15,978)
Provision (benefit) for income taxes		4,414		(92)		675		(6,288)
Net income (loss)	$	10,035	$	12,928	$	3,084	$	(9,690)

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

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2019		2018		2019		2018
Net revenues
Patient Care	$	231,168	$	218,158	$	421,769	$	406,665
Products & Services		101,626		98,643		192,323		186,653
Corporate & other		—		—		—		—
Consolidating adjustments		(51,696)		(49,835)		(96,575)		(92,357)
Consolidated net revenues	$	281,098	$	266,966	$	517,517	$	500,961

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

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2019		2018		2019		2018
Material costs
Patient Care	$	69,137	$	65,909	$	128,287	$	123,808
Products & Services		73,958		70,442		138,064		131,421
Corporate & other		—		—		—		—
Consolidating adjustments		(51,696)		(49,835)		(96,575)		(92,357)
Consolidated material costs	$	91,399	$	86,516	$	169,776	$	162,872