Segment and Related Information (Tables)

9 Months Ended

Sep. 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
	September 30,				September 30,
(in thousands)	2019		2018		2019		2018
Net revenues
Third party	$	230,931	$	214,080	$	48,707	$	48,866
Intersegments		—		—		53,670		48,945
Total net revenues		230,931		214,080		102,377		97,811
Material costs
Third party suppliers		65,055		58,395		26,979		26,410
Intersegments		6,284		6,300		47,386		42,645
Total material costs		71,339		64,695		74,365		69,055
Personnel expenses		81,274		77,806		13,320		13,047
Other expenses		37,245		34,426		6,858		6,306
Depreciation & amortization		4,943		4,651		2,723		2,564
Segment income from operations	$	36,130	$	32,502	$	5,111	$	6,839

	Patient Care				Products & Services
	For the Nine Months Ended				For the Nine Months Ended
	September 30,				September 30,
(in thousands)	2019		2018		2019		2018
Net revenues
Third party	$	652,700	$	620,745	$	144,455	$	143,162
Intersegments		—		—		150,245		141,302
Total net revenues		652,700		620,745		294,700		284,464
Material costs
Third party suppliers		181,358		170,559		80,452		77,118
Intersegments		18,268		17,944		131,977		123,358
Total material costs		199,626		188,503		212,429		200,476
Personnel expenses		233,402		228,211		39,393		38,304
Other expenses		112,014		104,869		20,883		17,944
Depreciation & amortization		13,997		14,547		7,862		7,569
Segment income from operations	$	93,661	$	84,615	$	14,133	$	20,171

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 Nine Months Ended
	September 30,				September 30,
(in thousands)	2019		2018		2019		2018
Income from operations
Patient Care	$	36,130	$	32,502	$	93,661	$	84,615
Products & Services		5,111		6,839		14,133		20,171
Corporate & other		(23,838)		(23,417)		(69,267)		(67,910)
Income from operations		17,403		15,924		38,527		36,876
Interest expense, net		8,954		8,939		25,973		28,519
Loss on extinguishment of debt		—		—		—		16,998
Non-service defined benefit plan expense		173		176		519		528
Income (loss) before income taxes		8,276		6,809		12,035		(9,169)
Provision (benefit) for income taxes		2,585		2,440		3,260		(3,848)
Net income (loss)	$	5,691	$	4,369	$	8,775	$	(5,321)

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

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
(in thousands)	2019		2018		2019		2018
Net revenues
Patient Care	$	230,931	$	214,080	$	652,700	$	620,745
Products & Services		102,377		97,811		294,700		284,464
Corporate & other		—		—		—		—
Consolidating adjustments		(53,670)		(48,945)		(150,245)		(141,302)
Consolidated net revenues	$	279,638	$	262,946	$	797,155	$	763,907

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

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
(in thousands)	2019		2018		2019		2018
Material costs
Patient Care	$	71,339	$	64,695	$	199,626	$	188,503
Products & Services		74,365		69,055		212,429		200,476
Corporate & other		—		—		—		—
Consolidating adjustments		(53,670)		(48,945)		(150,245)		(141,302)
Consolidated material costs	$	92,034	$	84,805	$	261,810	$	247,677