XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.25.1

SEGMENT INFORMATION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment information is presented below showing revenue, significant expenses and net income/(loss) (the closest GAAP measure to Adjusted EBITDA), in the same manner that the CODM reviews the operating results in assessing performance and allocating resources.
| Three Months Ended March 31, |  |
($ in thousands) | 2025 |  | 2024 |  |  |  |  |  |
Revenue | $ | 39,371 |  |  | $ | 47,620 |  |  |  |  |  |  |
Operating expenses: |  |  |  |  |  |  |  |  |
Cost of service (exclusive of depreciation and amortization) (1) | 15,950 |  |  | 18,042 |  |  |  |  |  |  |
Advertising Cost | 7,152 |  |  | 8,366 |  |  |  |  |  |  |
Facility selling, general, and administrative expense | 4,816 |  |  | 6,147 |  |  |  |  |  |  |
Corporate selling, general, and administrative expense (2) | 9,800 |  |  | 1,243 |  |  |  |  |  |  |
Depreciation and amortization | 3,242 |  |  | 2,805 |  |  |  |  |  |  |
Loss/(gain) on disposal of long-lived assets | — |  |  | 5 |  |  |  |  |  |  |
Total operating expenses | 40,960 |  |  | 36,608 |  |  |  |  |  |  |
(Loss)/income from operations | (1,589) |  |  | 11,012 |  |  |  |  |  |  |
Interest expense, net | 1,625 |  |  | 1,532 |  |  |  |  |  |  |
Pre-tax net (loss)/income | (3,214) |  |  | 9,480 |  |  |  |  |  |  |
Income tax expense | (367) |  |  | 3,451 |  |  |  |  |  |  |
Net loss | $ | (2,847) |  |  | $ | 6,029 |  |  |  |  |  |  |
Segment assets | $ | 203,260 |  |  | $ | 202,714 |  |  |  |  |  |  |
(1) Cost of services includes the costs of physicians, nursing, supplies and rent directly related to the performance of procedures at the facility level. (2) During the first quarter of fiscal year 2024, the Company recorded a cumulative reversal of stock compensation expense of $10.4 million related to reassessing the probability of achieving the performance target on certain of the Company's performance-based stock units. See Note 6 to the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q for further discussion.

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