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Segment Information (Tables)
9 Months Ended
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