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Segments and Nature of the Business | 12 Months Ended
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Dec. 31, 2023
Segments and Nature of the Business [Abstract] |
Segments and Nature of the Business | 5. Segments and Nature of the Business Our segments include the VITAS segment and the Roto-Rooter segment. Relative contributions of each segment to service revenues and sales were 58% and 42% in 2023, 56% and 44% in 2022 and 59% and 41% in 2021. The vast majority of our service revenues and sales from continuing operations are generated from business within the United States. Service revenues and sales by business segment are shown in Note 2. The reportable segments have been defined along service lines, which is consistent with the way the businesses are managed. In determining reportable segments, the RRSC and RRC operating units of the Roto-Rooter segment have been aggregated on the basis of possessing similar operating and economic characteristics. The characteristics of these operating segments and the basis for aggregation are reviewed annually. We report corporate administrative expenses and unallocated investing and financing income and expense not directly related to either segment as “Corporate”. Corporate administrative expense includes the stewardship, accounting and reporting, legal, tax and other costs of operating a publicly held corporation. Corporate investing and financing income and expenses include the costs and income associated with corporate debt and investment arrangements. Segment data are set forth below (in thousands):
|  | For the Years Ended December 31,
|  | 2023 |  |  | 2022 |  |  | 2021
After-tax Segment Earnings/(Loss) |  |  |  |  |  |  |  |
VITAS | $ | 158,509 |  | $ | 131,452 |  | $ | 162,431
Roto-Rooter |  | 188,241 |  |  | 186,120 |  |  | 166,333
Total |  | 346,750 |  |  | 317,572 |  |  | 328,764
Corporate |  | (74,241) |  |  | (67,948) |  |  | (60,214)
Net income | $ | 272,509 |  | $ | 249,624 |  | $ | 268,550
Interest Income |  |  |  |  |  |  |  |
VITAS | $ | 20,478 |  | $ | 19,119 |  | $ | 18,378
Roto-Rooter |  | 12,043 |  |  | 9,483 |  |  | 7,304
Total |  | 32,521 |  |  | 28,602 |  |  | 25,682
Corporate |  | 5,067 |  |  | (1) |  |  | -
Intercompany eliminations |  | (31,318) |  |  | (28,246) |  |  | (25,305)
Total interest income | $ | 6,270 |  | $ | 355 |  | $ | 377
Interest Expense |  |  |  |  |  |  |  |
VITAS | $ | 180 |  | $ | 172 |  | $ | 160
Roto-Rooter |  | 442 |  |  | 396 |  |  | 595
Total |  | 622 |  |  | 568 |  |  | 755
Corporate |  | 2,486 |  |  | 4,016 |  |  | 1,113
Total interest expense | $ | 3,108 |  | $ | 4,584 |  | $ | 1,868
Income Tax Provision |  |  |  |  |  |  |  |
VITAS | $ | 46,115 |  | $ | 43,000 |  | $ | 52,426
Roto-Rooter |  | 50,125 |  |  | 58,695 |  |  | 51,420
Total |  | 96,240 |  |  | 101,695 |  |  | 103,846
Corporate |  | (18,382) |  |  | (21,640) |  |  | (22,082)
Total income tax provision | $ | 77,858 |  | $ | 80,055 |  | $ | 81,764
Identifiable Assets |  |  |  |  |  |  |  |
VITAS | $ | 778,950 |  | $ | 750,483 |  | $ | 693,490
Roto-Rooter |  | 523,450 |  |  | 512,424 |  |  | 513,191
Total |  | 1,302,400 |  |  | 1,262,907 |  |  | 1,206,681
Corporate |  | 365,695 |  |  | 179,105 |  |  | 136,042
Total identifiable assets | $ | 1,668,095 |  | $ | 1,442,012 |  | $ | 1,342,723
Additions to Long-Lived Assets |  |  |  |  |  |  |  |
VITAS | $ | 17,450 |  | $ | 22,580 |  | $ | 28,583
Roto-Rooter |  | 43,514 |  |  | 39,111 |  |  | 30,249
Total |  | 60,964 |  |  | 61,691 |  |  | 58,832
Corporate |  | 274 |  |  | 177 |  |  | 24
Total additions to long-lived assets | $ | 61,238 |  | $ | 61,868 |  | $ | 58,856
Depreciation and Amortization |  |  |  |  |  |  |  |
VITAS | $ | 20,063 |  | $ | 22,056 |  | $ | 23,185
Roto-Rooter |  | 40,749 |  |  | 37,044 |  |  | 35,785
Total |  | 60,812 |  |  | 59,100 |  |  | 58,970
Corporate |  | 53 |  |  | 72 |  |  | 81
Total depreciation and amortization | $ | 60,865 |  | $ | 59,172 |  | $ | 59,051

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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