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v3.25.1

Segments | 3 Months Ended
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Mar. 31, 2025
Segments [Abstract] |
Segments | 3. Segments Our segments include the VITAS segment and the Roto-Rooter segment, which comprise the structure used by our President and Chief Executive Officer, who has been determined to be our Chief Operating Decision Maker (“CODM”) to make key operating decisions and assess performance. Relative contributions of each segment to service revenues and sales for the first three months of 2025 were 63% and 37% compared to the first three months of 2024 were 60% and 40%. 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. Our CODM evaluates the segments’ operating performance based mainly on income/(loss) from operations. For each segment, the CODM compares segment income/(loss) from operations in the annual budgeting and monthly forecasting process to actual results. The CODM considers variances on a monthly basis for evaluating performance of each segment and making decisions about allocating resources to each segment. ‎ Segment data for the three months ending March 31, 2025 are as follows (in thousands):
|  |  |  |  |  |  |  | Reportable |  |  |  |  | Chemed
|  | VITAS |  | Roto-Rooter |  | Segments |  | Corporate |  | Consolidated
Service revenues and sales |  | $ | 407,400 |  | $ | 239,543 |  | $ | 646,943 |  | $ | - |  | $ | 646,943
Cost of services provided and goods sold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(excluding depreciation) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wages |  |  | 235,173 |  |  | 77,471 |  |  | 312,644 |  |  | - |  |  | 312,644
Patient care expense |  |  | 40,379 |  |  | - |  |  | 40,379 |  |  | - |  |  | 40,379
Other expenses |  |  | 37,255 |  |  | 40,252 |  |  | 77,507 |  |  | - |  |  | 77,507
Total cost of services provided and goods sold |  |  | 312,807 |  |  | 117,723 |  |  | 430,530 |  |  | - |  |  | 430,530
Selling, general and administrative expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wages |  |  | 17,527 |  |  | 21,187 |  |  | 38,714 |  |  | 4,731 |  |  | 43,445
Advertising |  |  | - |  |  | 18,169 |  |  | 18,169 |  |  | - |  |  | 18,169
Stock compensation |  |  | - |  |  | - |  |  | - |  |  | 11,748 |  |  | 11,748
Other expenses |  |  | 9,011 |  |  | 23,293 |  |  | 32,304 |  |  | (79) |  |  | 32,225
Total selling, general and administrative expense |  |  | 26,538 |  |  | 62,649 |  |  | 89,187 |  |  | 16,400 |  |  | 105,587
Depreciation |  |  | 5,196 |  |  | 8,237 |  |  | 13,433 |  |  | 12 |  |  | 13,445
Amortization |  |  | 26 |  |  | 2,546 |  |  | 2,572 |  |  | - |  |  | 2,572
Other operating expense/(income) |  |  | 64 |  |  | (13) |  |  | 51 |  |  | - |  |  | 51
Total costs and expenses |  |  | 344,631 |  |  | 191,142 |  |  | 535,773 |  |  | 16,412 |  |  | 552,185
Income/(loss) from operations |  |  | 62,769 |  |  | 48,401 |  |  | 111,170 |  |  | (16,412) |  |  | 94,758
Interest expense |  |  | (48) |  |  | (132) |  |  | (180) |  |  | (149) |  |  | (329)
Intercompany interest income/(expense) |  |  | 5,296 |  |  | 3,930 |  |  | 9,226 |  |  | (9,226) |  |  | -
Other income - net |  |  | 48 |  |  | 10 |  |  | 58 |  |  | 1,187 |  |  | 1,245
Income/(expense) before income taxes |  |  | 68,065 |  |  | 52,209 |  |  | 120,274 |  |  | (24,600) |  |  | 95,674
Income taxes |  |  | (18,035) |  |  | (12,265) |  |  | (30,300) |  |  | 6,383 |  |  | (23,917)
Net income/(loss) |  | $ | 50,030 |  | $ | 39,944 |  | $ | 89,974 |  | $ | (18,217) |  | $ | 71,757
Identifiable assets |  | $ | 886,705 |  | $ | 535,733 |  | $ | 1,422,438 |  | $ | 304,077 |  | $ | 1,726,515
Additions to long-lived assets |  | $ | 9,476 |  | $ | 4,289 |  | $ | 13,765 |  | $ | - |  | $ | 13,765
‎ Segment data for the three months ending March 31, 2024 are as follows (in thousands):
|  |  |  |  |  |  |  | Reportable |  |  |  |  | Chemed
|  | VITAS |  | Roto-Rooter |  | Segments |  | Corporate |  | Consolidated
Service revenues and sales |  | $ | 354,007 |  | $ | 235,226 |  | $ | 589,233 |  | $ | - |  | $ | 589,233
Cost of services provided and goods sold |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(excluding depreciation) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wages |  |  | 203,424 |  |  | 78,534 |  |  | 281,958 |  |  | - |  |  | 281,958
Patient care expense |  |  | 35,074 |  |  | - |  |  | 35,074 |  |  | - |  |  | 35,074
Other expenses |  |  | 33,398 |  |  | 34,697 |  |  | 68,095 |  |  | - |  |  | 68,095
Total cost of services provided and good sold |  |  | 271,896 |  |  | 113,231 |  |  | 385,127 |  |  | - |  |  | 385,127
Selling, general and administrative expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wages |  |  | 16,529 |  |  | 21,075 |  |  | 37,604 |  |  | 3,940 |  |  | 41,544
Advertising |  |  | - |  |  | 19,524 |  |  | 19,524 |  |  | - |  |  | 19,524
Stock compensation |  |  | - |  |  | - |  |  | - |  |  | 18,147 |  |  | 18,147
Other expenses |  |  | 7,263 |  |  | 20,661 |  |  | 27,924 |  |  | 8,734 |  |  | 36,658
Total selling, general and administrative expense |  |  | 23,792 |  |  | 61,260 |  |  | 85,052 |  |  | 30,821 |  |  | 115,873
Depreciation |  |  | 5,166 |  |  | 8,108 |  |  | 13,274 |  |  | 13 |  |  | 13,287
Amortization |  |  | 26 |  |  | 2,495 |  |  | 2,521 |  |  | - |  |  | 2,521
Other operating expense |  |  | 7 |  |  | 85 |  |  | 92 |  |  | - |  |  | 92
Total costs and expenses |  |  | 300,887 |  |  | 185,179 |  |  | 486,066 |  |  | 30,834 |  |  | 516,900
Income/(loss) from operations |  |  | 53,120 |  |  | 50,047 |  |  | 103,167 |  |  | (30,834) |  |  | 72,333
Interest expense |  |  | (46) |  |  | (117) |  |  | (163) |  |  | (262) |  |  | (425)
Intercompany interest income/(expense) |  |  | 5,194 |  |  | 3,442 |  |  | 8,636 |  |  | (8,636) |  |  | -
Other income - net |  |  | 29 |  |  | 22 |  |  | 51 |  |  | 12,526 |  |  | 12,577
Income/(expense) before income taxes |  |  | 58,297 |  |  | 53,394 |  |  | 111,691 |  |  | (27,206) |  |  | 84,485
Income taxes |  |  | (14,327) |  |  | (12,541) |  |  | (26,868) |  |  | 7,400 |  |  | (19,468)
Net income/(loss) |  | $ | 43,970 |  | $ | 40,853 |  | $ | 84,823 |  | $ | (19,806) |  | $ | 65,017
Identifiable assets |  | $ | 772,631 |  | $ | 524,223 |  | $ | 1,296,854 |  | $ | 430,779 |  | $ | 1,727,633
Additions to long-lived assets |  | $ | 13,470 |  | $ | 5,855 |  | $ | 19,325 |  | $ | 7 |  | $ | 19,332

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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