Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2020

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)	2020		2019		2020		2019
Net revenues
Third party	$	195,859	$	231,168	$	37,575	$	49,930
Intersegments		—		—		42,866		51,696
Total net revenues		195,859		231,168		80,441		101,626
Material costs
Third party suppliers		50,489		62,948		19,483		28,451
Intersegments		4,747		6,189		38,119		45,507
Total material costs		55,236		69,137		57,602		73,958
Personnel expenses		63,576		78,419		10,246		13,071
Other expenses		13,601		37,336		4,337		7,077
Depreciation & amortization		4,827		4,502		2,498		2,596
Segment income from operations	$	58,619	$	41,774	$	5,758	$	4,924

	Patient Care				Products & Services
	For the Six Months Ended				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2020		2019		2020		2019
Net revenues
Third party	$	386,042	$	421,769	$	81,131	$	95,748
Intersegments		—		—		88,888		96,575
Total net revenues		386,042		421,769		170,019		192,323
Material costs
Third party suppliers		103,613		116,303		43,600		53,473
Intersegments		11,300		11,984		77,588		84,591
Total material costs		114,913		128,287		121,188		138,064
Personnel expenses		139,921		152,128		23,086		26,073
Other expenses		51,749		74,769		12,657		14,025
Depreciation & amortization		9,303		9,054		5,250		5,139
Segment income from operations	$	70,156	$	57,531	$	7,838	$	9,022

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				For the Six Months Ended
	June 30,				June 30,
(in thousands)	2020		2019		2020		2019
Income from operations
Patient Care	$	58,619	$	41,774	$	70,156	$	57,531
Products & Services		5,758		4,924		7,838		9,022
Corporate & other		(25,516)		(23,595)		(48,306)		(45,429)
Income from operations		38,861		23,103		29,688		21,124
Interest expense, net		8,636		8,481		16,906		17,019
Non-service defined benefit plan expense		158		173		316		346
Income before income taxes		30,067		14,449		12,466		3,759
(Benefit) provision for income taxes		(987)		4,414		(2,840)		675
Net income	$	31,054	$	10,035	$	15,306	$	3,084

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)	2020		2019		2020		2019
Net revenues
Patient Care	$	195,859	$	231,168	$	386,042	$	421,769
Products & Services		80,441		101,626		170,019		192,323
Corporate & other		—		—		—		—
Consolidating adjustments		(42,866)		(51,696)		(88,888)		(96,575)
Consolidated net revenues	$	233,434	$	281,098	$	467,173	$	517,517

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)	2020		2019		2020		2019
Material costs
Patient Care	$	55,236	$	69,137	$	114,913	$	128,287
Products & Services		57,602		73,958		121,188		138,064
Corporate & other		—		—		—		—
Consolidating adjustments		(42,866)		(51,696)		(88,888)		(96,575)
Consolidated material costs	$	69,972	$	91,399	$	147,213	$	169,776