Segment and Related Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Summary of financial information concerning the Company's reporting segments

	Patient Care				Products & Services
	For the Three Months Ended September 30,				For the Three Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Net revenues
Third party	$	244,356	$	212,664	$	45,471	$	43,973
Intersegments	—		—		58,495		50,011
Total net revenues	244,356		212,664		103,966		93,984
Material costs
Third party suppliers	65,356		56,599		27,205		24,863
Intersegments	9,408		7,339		49,087		42,672
Total material costs	74,764		63,938		76,292		67,535
Personnel expenses	84,479		76,989		14,469		12,738
Other expenses	38,923		34,713		6,636		5,957
Depreciation & amortization	4,870		4,786		1,974		2,633
Segment income from operations	$	41,320	$	32,238	$	4,595	$	5,121

	Patient Care				Products & Services
	For the Nine Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Net revenues
Third party	$	676,825	$	598,706	$	131,291	$	125,104
Intersegments	—		—		160,986		138,899
Total net revenues	676,825		598,706		292,277		264,003
Material costs
Third party suppliers	179,060		160,212		77,942		68,463
Intersegments	27,343		18,639		133,643		120,260
Total material costs	206,403		178,851		211,585		188,723
Personnel expenses	243,431		216,910		42,946		35,824
Other expenses	112,509		86,462		19,202		18,614
Depreciation & amortization	14,472		14,089		5,872		7,883
Segment income from operations	$	100,010	$	102,394	$	12,672	$	12,959

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 September 30,				For the Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Income from operations
Patient Care	$	41,320	$	32,238	$	100,010	$	102,394
Products & Services	4,595		5,121		12,672		12,959
Corporate & other	(20,247)		(24,284)		(64,899)		(72,590)
Income from operations	25,668		13,075		47,783		42,763
Interest expense, net	7,313		8,013		21,805		24,918
Non-service defined benefit plan expense	167		158		501		474
Income before income taxes	18,188		4,904		25,477		17,371
Benefit for income taxes	(2,929)		(1,911)		(2,469)		(4,750)
Net income	$	21,117	$	6,815	$	27,946	$	22,121

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

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Net revenues
Patient Care	$	244,356	$	212,664	$	676,825	$	598,706
Products & Services	103,966		93,984		292,277		264,003
Corporate & other	—		—		—		—
Consolidating adjustments	(58,495)		(50,011)		(160,986)		(138,899)
Consolidated net revenues	$	289,827	$	256,637	$	808,116	$	723,810

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

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands)	2021		2020		2021		2020
Material costs
Patient Care	$	74,764	$	63,938	$	206,403	$	178,851
Products & Services	76,292		67,535		211,585		188,723
Corporate & other	—		—		—		—
Consolidating adjustments	(58,495)		(50,011)		(160,986)		(138,899)
Consolidated material costs	$	92,561	$	81,462	$	257,002	$	228,675