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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Information [Abstract]  
Selected Financial Data for Reportable Segments The Company has provided additional information regarding its reportable segments which contributes to the understanding of the Company and provides useful information.

 
Three Months Ended
 

 
March 31, 2025
   
March 31, 2024
 

  (In thousands)  
Net revenue:            
Physical therapy operations
  $ 156,408     $ 134,425  
Industrial injury prevention services
    27,380       21,250  
Total Company
  $ 183,788     $ 155,675  
 
               
Operating Costs:
               
Salaries and related costs:
               
Physical therapy operations
  $ 93,574     $ 79,774  
Industrial injury prevention services
    17,675       13,957  
Total salaries and related costs
  $ 111,249     $ 93,731  
Rent supplies, contract labor and other:
               
Physical therapy operations
  $ 30,099     $ 25,073  
Industrial injury prevention services
    3,745       2,831  
Total rent, supplies, contract labor and other
  $ 33,844     $ 27,904  
Depreciation and amortization:
               
Physical therapy operations
  $
5,184     $
3,760  
Industrial injury prevention services
    356       125  
Total depreciation and amortization
  $
5,540     $
3,885  
Provision for credit losses:
               
Physical therapy operations
  $ 1,841     $ 1,627  
Industrial injury prevention services
    7       -  
Total provision for credit losses
  $ 1,848     $ 1,627  
Clinic closure costs:
               
Physical therapy operations
  $
242     $
127  
Industrial injury prevention services
    -       -  
Total clinic closure costs
  $
242     $
127  
Total Company
  $ 152,723     $ 127,274  

               
Gross profit:
               
Physical therapy operations
  $ 25,468     $ 24,064  
Industrial injury prevention services
    5,597       4,337  
Total Company
  $ 31,065     $ 28,401  

               
Unallocated amounts
               
Corporate office costs
  $
16,245     $
14,085  
Interest expense, debt and other
    2,279       1,968  
Interest income from investments
    (24 )     (1,543 )
Gain on change in fair value of contingent earn-out consideration
    (4,822 )     (612 )
Change in revaluation of put-right liability
    404       80  
Equity in earnings of unconsolidated affiliate
    (393 )     (271 )
Loss on sale of a partnership
    123       -  
Other
    (75 )     (62 )
Total unallocated amounts
    13,737       13,645  
Income before taxes
  $
17,328     $
14,756  

               
Assets:
    March 31, 2025
      December 31, 2024
 
Goodwill:
               
Physical therapy operations
  $ 586,726     $ 579,046  
Industrial injury prevention services
    87,661       88,106  
Total goodwil
  $ 674,387     $ 667,152  
All other assets:
               
Physical therapy operations
    418,120     $
415,039  
Industrial injury prevention services
    87,180       85,276  
Total all other assets
    505,300       500,315  
Total Assets
  $
1,179,687     $
1,167,467