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v3.20.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Summary of Reconciliation of Segment EBITDA to Income before Income Taxes | The following tables set forth the financial information by operating segment, including a reconciliation of Segment EBITDA to income before income taxes (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Facilities |  | $ | 491,475 |  |  | $ | 509,813 |  |  | $ | 1,000,692 |  |  | $ | 997,773 |
U.K. Facilities |  |  | 258,836 |  |  |  | 279,549 |  |  |  | 532,429 |  |  |  | 552,206 |
Corporate and Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 750,311 |  |  | $ | 789,362 |  |  | $ | 1,533,121 |  |  | $ | 1,549,979 |
Segment EBITDA (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Facilities |  | $ | 134,881 |  |  | $ | 135,396 |  |  | $ | 254,955 |  |  | $ | 254,404 |
U.K. Facilities |  |  | 31,639 |  |  |  | 45,835 |  |  |  | 67,807 |  |  |  | 85,891 |
Corporate and Other |  |  | (22,099 | ) |  |  | (22,345 | ) |  |  | (45,492 | ) |  |  | (45,406 | )
|  | $ | 144,421 |  |  | $ | 158,886 |  |  | $ | 277,270 |  |  | $ | 294,889 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Segment EBITDA (1) |  | $ | 144,421 |  |  | $ | 158,886 |  |  | $ | 277,270 |  |  | $ | 294,889 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity-based compensation expense |  |  | (5,808 | ) |  |  | (4,182 | ) |  |  | (10,787 | ) |  |  | (10,283 | )
Transaction-related expenses |  |  | (5,241 | ) |  |  | (5,212 | ) |  |  | (8,790 | ) |  |  | (9,533 | )
Debt extinguishment costs |  |  | (3,271 | ) |  |  | — |  |  |  | (3,271 | ) |  |  | — |
Interest expense, net |  |  | (38,726 | ) |  |  | (48,610 | ) |  |  | (81,511 | ) |  |  | (96,740 | )
Depreciation and amortization |  |  | (41,445 | ) |  |  | (41,077 | ) |  |  | (83,125 | ) |  |  | (81,657 | )
Income before income taxes |  | $ | 49,930 |  |  | $ | 59,805 |  |  | $ | 89,786 |  |  | $ | 96,676 |
Summary of Assets by Operating Segment |
|  | June 30, 2020 |  |  | December 31, 2019 |
Assets (2): |  |  |  |  |  |  |  |
U.S. Facilities |  | $ | 4,102,085 |  |  | $ | 4,037,968 |
U.K. Facilities |  |  | 2,436,753 |  |  |  | 2,610,357 |
Corporate and Other |  |  | 294,390 |  |  |  | 230,817 |
|  | $ | 6,833,228 |  |  | $ | 6,879,142 |
(1) | Segment EBITDA is defined as income before provision for income taxes, equity-based compensation expense, debt extinguishment costs, transaction-related expenses, interest expense and depreciation and amortization. The Company uses Segment EBITDA as an analytical indicator to measure the performance of the Company’s segments and to develop strategic objectives and operating plans for those segments. Segment EBITDA is commonly used as an analytical indicator within the health care industry, and also serves as a measure of leverage capacity and debt service ability. Segment EBITDA should not be considered as a measure of financial performance under GAAP, and the items excluded from Segment EBITDA are significant components in understanding and assessing financial performance. Because Segment EBITDA is not a measurement determined in accordance with GAAP and is thus susceptible to varying calculations, Segment EBITDA, as presented, may not be comparable to other similarly titled measures of other companies.
(2) | Assets include property and equipment for the U.S. Facilities of $1.5 billion, U.K. Facilities of $1.6 billion and corporate and other of $48.2 million at June 30, 2020. Assets include property and equipment for the U.S. Facilities of $1.4 billion, U.K. Facilities of $1.7 billion and corporate and other of $50.9 million at December 31, 2019.
Goodwill [Member] |
Summary of Assets by Operating Segment |
|  | U.S. Facilities |  |  | U.K. Facilities |  |  | Corporate and Other |  |  | Consolidated |
Goodwill: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 2,085,104 |  |  | $ | 689,902 |  |  | $ | — |  |  | $ | 2,775,006 |
Accumulated impairment loss |  |  | — |  |  |  | (325,875 | ) |  |  | — |  |  |  | (325,875 | )
Net goodwill at January 1, 2020 |  |  | 2,085,104 |  |  |  | 364,027 |  |  |  | — |  |  |  | 2,449,131 |
Prior period purchase price adjustments |  |  | (43 | ) |  |  | — |  |  |  | — |  |  |  | (43 | )
Foreign currency translation loss |  |  | — |  |  |  | (23,716 | ) |  |  | — |  |  |  | (23,716 | )
Balance at June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  |  | 2,085,061 |  |  |  | 666,186 |  |  |  | — |  |  |  | 2,751,247 |
Accumulated impairment loss |  |  | — |  |  |  | (325,875 | ) |  |  | — |  |  |  | (325,875 | )
Net goodwill at June 30, 2020 |  | $ | 2,085,061 |  |  | $ | 340,311 |  |  | $ | — |  |  | $ | 2,425,372 |

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