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v3.24.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Information [Abstract] |
Selected Financial Data for Reportable Segments | The following table summarizes selected financial data for the Company’s reportable segments:
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | September 30, 2024 |  |  | September 30, 2023 |  |  | September 30, 2024 |  |  | September 30, 2023 |
|  | (In thousands) |  |  | (In thousands) |
Net revenue: |  |  |  |  |  |  |  |  |  |  |  |
Physical therapy operations |  | $ | 142,714 |  |  | $ | 130,521 |  |  | $ | 420,625 |  |  | $ | 391,919 |
Industrial injury prevention services |  |  | 25,319 |  |  |  | 19,486 |  |  |  | 70,273 |  |  |  | 58,082 |
Total Company |  | $ | 168,033 |  |  | $ | 150,007 |  |  | $ | 490,898 |  |  | $ | 450,001 |
Operating Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and related costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Physical therapy operations |  | $ | 84,161 |  |  | $ | 76,969 |  |  | $ | 245,387 |  |  | $ | 225,251 |
Industrial injury prevention services |  |  | 15,674 |  |  |  | 12,877 |  |  |  | 44,513 |  |  |  | 37,506 |
Total salaries and related costs |  | $ | 99,835 |  |  | $ | 89,846 |  |  | $ | 289,900 |  |  | $ | 262,757 |
Rent supplies, contract labor and other: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Physical therapy operations |  | $ | 29,893 |  |  | $ | 28,493 |  |  | $ | 89,709 |  |  | $ | 83,093 |
Industrial injury prevention services |  |  | 4,021 |  |  |  | 2,185 |  |  |  | 10,721 |  |  |  | 8,397 |
Total rent, supplies, contract labor and other |  | $ | 33,914 |  |  | $ | 30,678 |  |  | $ | 100,430 |  |  | $ | 91,490 |
Provision for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Physical therapy operations |  | $ | 1,721 |  |  | $ | 1,525 |  |  | $ | 5,065 |  |  | $ | 4,600 |
Industrial injury prevention services |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total provision for credit losses |  | $ | 1,721 |  |  | $ | 1,525 |  |  | $ | 5,065 |  |  | $ | 4,600 |
Clinic closure costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Physical therapy operations |  | $ | 3,432 |  |  | $ | 29 |  |  | $ | 4,109 |  |  | $ | 161 |
Industrial injury prevention services |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total closure costs |  | $ | 3,432 |  |  | $ | 29 |  |  | $ | 4,109 |  |  | $ | 161 |
Total Company |  | $ | 138,902 |  |  | $ | 122,078 |  |  | $ | 399,504 |  |  | $ | 359,008 |
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Physical therapy operations |  | $ | 23,507 |  |  | $ | 23,505 |  |  | $ | 76,355 |  |  | $ | 78,815 |
Industrial injury prevention services |  |  | 5,624 |  |  |  | 4,424 |  |  |  | 15,039 |  |  |  | 12,178 |
Total Company |  | $ | 29,131 |  |  | $ | 27,929 |  |  | $ | 91,394 |  |  | $ | 90,993 |
|  | As of |
|  | September 30, 2024 |  |  | September 30, 2023 |
Total Assets: |  |  |  |  |  |
Physical therapy operations |  | $ | 856,992 |  |  | $ | 846,020 |
Industrial injury prevention services |  |  | 172,199 |  |  |  | 151,218 |
Total Company |  | $ | 1,029,191 |  |  | $ | 997,238 |

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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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