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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information

11. Segment Information

Operating segments are defined as components of a company that engage in business activities from which it may earn revenues and incur expenses, and for which separate financial information is available and is regularly reviewed by the Company’s CODM. The Company identifies its Chief Executive Officer and Chief Operating Officer together as CODMs to assess the performance of the individual segments and make decisions about resources to be allocated to the segments. The Company operates as a multi-state provider of three business segments providing in-home services.

In its personal care segment, the Company provides non-medical assistance with activities of daily living, primarily to persons who are at increased risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled. In its hospice segment, the Company provides physical, emotional, and spiritual care for people who are terminally ill as well as related services for their families. In its home health segment, the Company provides services that are primarily medical in nature to individuals who may require assistance during an illness or after hospitalization and include skilled nursing and physical, occupational, and speech therapy.

The Company’s method for measuring profitability on each reportable segment basis is the same as those described in the summary of significant accounting policies and its CODMs frequently review the actual result to budget variance to allocate resources to the segment and assess its performance. Segment operating income consists of revenue generated by a segment, less the direct costs of service revenues and general and administrative expenses that are incurred directly by the segment. Unallocated general and administrative costs are those costs for functions performed in a centralized manner and therefore not attributable to a particular segment. These costs include accounting, finance, human resources, legal, information technology, corporate office support and facility costs and overall corporate management.

The CODMs do not review disaggregated assets by segment. The measure of segment assets is reported on the balance sheet as total consolidated assets.

The tables below set forth information about the Company’s reportable segments, along with the items necessary to reconcile the segment information to the totals reported in the accompanying Unaudited Condensed Consolidated Financial Statements.

 

 

For the Three Months Ended March 31, 2025

 

 

 

(Amounts in Thousands)

 

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

258,286

 

 

$

61,437

 

 

$

17,985

 

 

$

337,708

 

Direct service personnel

 

 

186,650

 

 

 

26,205

 

 

 

10,413

 

 

 

223,268

 

General and administrative salaries, wages and benefits

 

 

18,239

 

 

 

10,980

 

 

 

3,279

 

 

 

32,498

 

Other segment items 1

 

 

5,805

 

 

 

9,635

 

 

 

1,279

 

 

 

16,719

 

Segment operating income

 

 

47,592

 

 

 

14,617

 

 

 

3,014

 

 

 

65,223

 

Segment reconciliation:

 

 

 

 

 

 

 

 

 

 

 

 

Items not allocated at segment level:

 

 

 

 

 

 

 

 

 

 

 

 

Other general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

30,766

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

3,943

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

(502

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

4,018

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

26,998

 

 

 

 

 

 

 

 

 

 

 

 

 

 
(1)
Other segment items include other costs for direct service personnel, office expense, licenses and taxes, communication, medical director fees, travel, and bad debt expense.

 

 

 

For the Three Months Ended March 31, 2024

 

 

 

(Amounts in Thousands)

 

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

208,003

 

 

$

55,863

 

 

$

16,880

 

 

$

280,746

 

Direct service personnel

 

 

152,072

 

 

 

23,325

 

 

 

10,623

 

 

 

186,020

 

General and administrative salaries, wages and benefits

 

 

11,161

 

 

 

10,079

 

 

 

3,664

 

 

 

24,903

 

Other segment items 1

 

 

4,748

 

 

 

9,002

 

 

 

1,316

 

 

 

15,067

 

Segment operating income

 

 

40,022

 

 

 

13,457

 

 

 

1,277

 

 

 

54,756

 

Segment reconciliation:

 

 

 

 

 

 

 

 

 

 

 

 

Items not allocated at segment level:

 

 

 

 

 

 

 

 

 

 

 

 

Other general and administrative expenses

 

 

 

 

 

 

 

 

 

 

 

27,642

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

3,469

 

Interest income

 

 

 

 

 

 

 

 

 

 

 

(423

)

Interest expense

 

 

 

 

 

 

 

 

 

 

 

2,758

 

Income before income taxes

 

 

 

 

 

 

 

 

 

 

$

21,310

 

 

 

 

 

 

 

 

 

 

 

 

 

 
(1)
Other segment items include other costs for direct service personnel, office expense, licenses and taxes, communication, medical director fees, travel, and bad debt expense.