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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables set forth selected segment financial data.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue and other operating income: |  |  |  |  |  |  |
Independent Living(1) | $ | 150,380 |  |  | $ | 141,449 |  |  | $ | 448,870 |  |  | $ | 422,993 |
Assisted Living and Memory Care(1) | 510,084 |  |  | 496,232 |  |  | 1,528,147 |  |  | 1,475,322 |
CCRCs(1) | 83,265 |  |  | 82,065 |  |  | 250,662 |  |  | 251,446 |
All Other | 40,438 |  |  | 37,545 |  |  | 116,860 |  |  | 111,585 |
Total revenue and other operating income | $ | 784,167 |  |  | $ | 757,291 |  |  | $ | 2,344,539 |  |  | $ | 2,261,346 |
Segment operating income:(2) |  |  |  |  |  |  |
Independent Living | $ | 48,747 |  |  | $ | 44,702 |  |  | $ | 147,724 |  |  | $ | 137,896 |
Assisted Living and Memory Care | 131,768 |  |  | 126,731 |  |  | 405,381 |  |  | 375,940 |
CCRCs | 14,932 |  |  | 10,902 |  |  | 46,235 |  |  | 36,589 |
All Other | 2,676 |  |  | 2,566 |  |  | 7,910 |  |  | 7,653 |
Total segment operating income | 198,123 |  |  | 184,901 |  |  | 607,250 |  |  | 558,078 |
General and administrative expense (including non-cash stock-based compensation expense) | 44,929 |  |  | 43,076 |  |  | 137,325 |  |  | 137,021 |
Facility operating lease expense | 51,937 |  |  | 53,145 |  |  | 154,397 |  |  | 149,784 |
Depreciation and amortization | 90,064 |  |  | 85,932 |  |  | 264,219 |  |  | 255,314 |
Asset impairment | 934 |  |  | 9,086 |  |  | 2,642 |  |  | 9,606 |
Loss (gain) on sale of communities, net | — |  |  | — |  |  | — |  |  | (36,296) |
Income (loss) from operations | $ | 10,259 |  |  | $ | (6,338) |  |  | $ | 48,667 |  |  | $ | 42,649 |
| As of
(in thousands) | September 30, 2024 |  | December 31, 2023
Total assets: |  |  |
Independent Living(3) | $ | 1,226,716 |  |  | $ | 1,206,021 |
Assisted Living and Memory Care | 3,651,503 |  |  | 3,315,921 |
CCRCs | 647,693 |  |  | 612,521 |
Corporate and All Other | 413,211 |  |  | 438,972 |
Total assets | $ | 5,939,123 |  |  | $ | 5,573,435 |
(1)All revenue and other operating income is earned from external third parties in the United States. Segment operating income is defined as segment revenues and other operating income less segment facility operating expenses (excluding facility depreciation and amortization) and costs incurred on behalf of managed communities. (3)The Company's total carrying amount of goodwill is included within the Independent Living segment and was $27.3 million as of both September 30, 2024 and December 31, 2023.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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