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v3.23.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Selected Financial Information | Selected financial information for our reportable segments is as follows (in millions):
| Home Health |  | Hospice
| Three Months Ended June 30, |  | Three Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net service revenue | $ | 213.8 |  |  | $ | 220.2 |  |  | $ | 48.5 |  |  | $ | 47.8 |
Cost of service, excluding depreciation and amortization | 111.4 |  |  | 108.8 |  |  | 24.1 |  |  | 21.5 |
General and administrative expenses | 59.4 |  |  | 57.8 |  |  | 16.1 |  |  | 15.5 |
Other income | (0.1) |  |  | — |  |  | — |  |  | — |
Noncontrolling interests | 0.3 |  |  | 0.6 |  |  | — |  |  | 0.1 |
Segment Adjusted EBITDA | $ | 42.8 |  |  | $ | 53.0 |  |  | $ | 8.3 |  |  | $ | 10.7 |
| Home Health |  | Hospice
| Six Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net service revenue | $ | 429.7 |  |  | $ | 445.1 |  |  | $ | 97.7 |  |  | $ | 97.2 |
Cost of service, excluding depreciation and amortization | 219.5 |  |  | 216.8 |  |  | 48.6 |  |  | 43.2 |
General and administrative expenses | 122.3 |  |  | 116.5 |  |  | 32.4 |  |  | 30.4 |
Other income | (0.1) |  |  | — |  |  | — |  |  | — |
Noncontrolling interests | 0.8 |  |  | 1.1 |  |  | — |  |  | 0.2 |
Segment Adjusted EBITDA | $ | 87.2 |  |  | $ | 110.7 |  |  | $ | 16.7 |  |  | $ | 23.4 |
Schedule of Segment Reconciliation | Segment reconciliations (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Total Segment Adjusted EBITDA | $ | 51.1 |  |  | $ | 63.7 |  |  | $ | 103.9 |  |  | $ | 134.1 |
Non-segment general and administrative expenses | (29.7) |  |  | (27.7) |  |  | (59.5) |  |  | (53.5) |
Depreciation and amortization | (7.7) |  |  | (8.2) |  |  | (15.5) |  |  | (16.7) |
Impairment of goodwill | (85.8) |  |  | — |  |  | (85.8) |  |  | — |
Interest expense and amortization of debt discounts and fees | (10.3) |  |  | (0.1) |  |  | (19.8) |  |  | (0.1) |
Net income attributable to noncontrolling interests | 0.3 |  |  | 0.7 |  |  | 0.8 |  |  | 1.3 |
Stock-based compensation expense | (2.6) |  |  | (1.2) |  |  | (4.1) |  |  | (2.5) |
(Loss) income before income taxes and noncontrolling interests | $ | (84.7) |  |  | $ | 27.2 |  |  | $ | (80.0) |  |  | $ | 62.6 |
Schedule of Additional Detail Regarding Revenues by Service Line | Additional detail regarding the revenues of our operating segments by service line follows (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Home Health: |  |  |  |  |  |  |
Episodic | $ | 165.5 |  |  | $ | 186.3 |  |  | $ | 335.7 |  |  | $ | 378.0 |
Non-episodic | 45.7 |  |  | 31.2 |  |  | 88.6 |  |  | 61.6 |
Other | 2.6 |  |  | 2.7 |  |  | 5.4 |  |  | 5.5 |
Total home health | 213.8 |  |  | 220.2 |  |  | 429.7 |  |  | 445.1 |
Hospice | 48.5 |  |  | 47.8 |  |  | 97.7 |  |  | 97.2 |
Total net service revenue | $ | 262.3 |  |  | $ | 268.0 |  |  | $ | 527.4 |  |  | $ | 542.3 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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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