XML 61 R39.htm IDEA: XBRL DOCUMENT v3.21.2
Segment Information (Tables)
 12 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables present information about the reportable segments for the periods presented:

Year Ended June 30, 2021
(in thousands)SeniorLifeAuto & HomeCorp & ElimsConsolidated
Revenue$728,701 $185,503 $30,913 $(7,302)$937,815 
Operating expenses(484,924)(155,127)(22,735)(46,899)(1)(709,685)
Other expenses, net— — — (100)(100)
Adjusted EBITDA$243,777 $30,376 $8,178 $(54,301)228,030 
Share-based compensation expense
(5,165)
Non-recurring expenses (2)
(6,065)
Fair value adjustments to contingent earnout obligations(1,488)
Depreciation and amortization
(16,142)
Loss on disposal of property, equipment, and software(686)
Interest expense, net(29,320)
Loss on extinguishment of debt(3,315)
Income tax expense(34,803)
Net income$131,046 
(1) Operating expenses in the Corp & Elims division primarily include $34.0 million in salaries and benefits for certain general, administrative, and IT related departments, and $13.4 million in professional services fees.

(2) These expenses primarily consist of costs incurred for the First Amendment, recent acquisitions, re-designation of the hedge, and the Secondary Offering.

Year Ended June 30, 2020
Senior
Life
Auto & Home
Corp & Elims
Consolidated
Revenue$361,673 $129,967 $41,189 $(1,314)$531,515 
Operating expenses(215,935)(102,155)(32,490)(26,881)(1)(377,461)
Other expenses, net— — — (30)(30)
Adjusted EBITDA$145,738 $27,812 $8,699 $(28,225)154,024 
Share-based compensation expense(9,498)
Non-recurring expenses (2)
(3,721)
Depreciation and amortization(7,993)
Loss on disposal of property, equipment, and software(360)
Fair value adjustments to contingent earnout obligations(375)
Restructuring expenses(153)
Interest expense, net(24,595)
Loss on extinguishment of debt(1,166)
Income tax expense(25,016)
Net income$81,147 
(1) Operating expenses in the Corp & Elims division primarily include $17.2 million in salaries and benefits for certain general, administrative, and IT related departments, and $8.7 million in professional services fees.

(2) These expenses consist of one-time consulting expenses associated with adopting ASC 606, non-recurring compensation to certain former board members, non-restructuring severance expenses, employer payroll taxes on the one-time Distribution to stock option holders, costs related to our IPO, cost related to the acquisition of InsideResponse, and expenses related to business continuity in response to the COVID-19 pandemic.
Year Ended June 30, 2019
Senior
Life
Auto & Home
Corp & Elims
Consolidated
Revenue$192,257 $110,493 $35,054 $(335)$337,469 
Operating expenses(102,083)(84,672)(27,237)(18,184)(1)(232,176)
Other expenses, net— — — (15)(15)
Adjusted EBITDA$90,174 $25,821 $7,817 $(18,534)105,278 
Share-based compensation expense(86)
Non-recurring expenses (2)
(1,691)
Depreciation and amortization(4,702)
Loss on disposal of property, equipment and software(221)
Restructuring expenses(2,305)
Interest expense, net(1,660)
Income tax expense(22,034)
Net income$72,579 
(1) Operating expenses in the Corp & Elims division primarily include $12.2 million in salaries and benefits for certain general, administrative, and IT related departments and $4.2 million in professional services fees.

(2) These expenses consist primarily of one-time consulting expenses associated with adopting ASC 606, nonrecurring compensation to certain board members and non-restructuring severance expenses.