XML 42 R32.htm IDEA: XBRL DOCUMENT v3.24.3

Segment Information (Tables)

9 Months Ended

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.

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration