Segments

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segments

Segments

The Company’s chief operating decision maker reviews financial performance and allocates resources based on two segments as follows:

•NET Services - which operates primarily under the brands LogistiCare and Circulation, is the largest manager of NET programs for state governments and MCOs in the U.S and includes the Company’s activities for executive, accounting, finance, internal audit, tax, legal, certain strategic and development functions and the Company's now dissolved captive insurance company.

•Matrix Investment - which consists of a minority investment in Matrix, provides a broad array of assessment and care management services that improve health outcomes for individuals and financial performance for health plans. Matrix’s national network of community-based clinicians delivers in-home and on-site services while its fleet of mobile health clinics provides community-based care with advance diagnostic capabilities.

The following tables set forth certain financial information from continuing operations attributable to the Company’s business segments:

	Three months ended June 30, 2020
	NET Services		Matrix Investment		Total
Service revenue, net	$	282,256	$	—	$	282,256
Service expense	196,106		—		196,106
General and administrative expense	31,199		—		31,199
Depreciation and amortization	6,108		—		6,108
Operating income	$	48,843	$	—	$	48,843
Equity in net gain of investee	$	—	$	4,425	$	4,425
Investment in equity method investee	$	—	$	131,974	$	131,974
Total assets (continuing operations)	$	522,271	$	131,974	$	654,245

	Six months ended June 30, 2020
	NET Services		Matrix Investment		Total
Service revenue, net	$	649,547	$	—	$	649,547
Service expense	528,767		—		528,767
General and administrative expense	51,994		—		51,994
Depreciation and amortization	9,898		—		9,898
Operating income	$	58,888	$	—	$	58,888
Equity in net gain of investee	$	—	$	1,875	$	1,875
Investment in equity method investee	$	—	$	131,974	$	131,974
Total assets (continuing operations)	$	522,271	$	131,974	$	654,245

	Three months ended June 30, 2019
	NET Services		Matrix Investment		Total
Service revenue, net	$	363,911	$	—	$	363,911
Service expense	345,948		—		345,948
General and administrative expense	16,860		—		16,860
Depreciation and amortization	4,353		—		4,353
Operating loss	$	(3,250)	$	—	$	(3,250)
Equity in net loss of investee	$	—	$	(1,315)	$	(1,315)
Investment in equity method investee	$	—	$	157,948	$	157,948
Total assets (continuing operations)	$	443,703	$	157,948	$	601,651

	Six months ended June 30, 2019
	NET Services		Matrix Investment		Total
Service revenue, net	$	731,726	$	—	$	731,726
Service expense	686,446		—		686,446
General and administrative expense	36,262		—		36,262
Depreciation and amortization	8,827		—		8,827
Operating income	$	191	$	—	$	191
Equity in net loss of investee	$	—	$	(2,971)	$	(2,971)
Investment in equity method investee	$	—	$	157,948	$	157,948
Total assets (continuing operations)	$	443,703	$	157,948	$	601,651