Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of segment reporting information

The following table sets forth selected segment financial and operating data:



	Three Months Ended June 30,					Six Months Ended June 30,
(in thousands)	2019		2018			2019		2018
Revenue:
Independent Living ⁽¹⁾	$	135,951	$	159,293		$	271,645	$	317,690
Assisted Living and Memory Care ⁽¹⁾	450,225		522,027			908,751		1,054,307
CCRCs ⁽¹⁾	101,253		104,796			204,980		209,865
Health Care Services ⁽¹⁾	114,434		109,853			225,966		220,373
Management Services ⁽²⁾	217,594		259,231			450,159		540,199
Total revenue	$	1,019,457	$	1,155,200		$	2,061,501	$	2,342,434
Segment operating income: ⁽³⁾
Independent Living	$	51,459	$	65,134		$	104,335	$	129,556
Assisted Living and Memory Care	133,144		169,737			273,843		346,275
CCRCs	17,847		23,819			39,484		48,482
Health Care Services	9,167		10,203			17,340		18,521
Management Services	15,449		17,071			31,192		35,752
Total segment operating income	227,066		285,964			466,194		578,586
General and administrative expense (including non-cash stock-based compensation expense)	57,576		62,907			113,887		144,342
Facility operating lease expense	67,689		81,960			136,357		162,360
Depreciation and amortization	94,024		116,116			190,912		230,371
Goodwill and asset impairment	3,769		16,103			4,160		446,466
Loss on facility lease termination and modification, net	1,797		146,467			2,006		146,467
Income (loss) from operations	$	2,211	$	(137,589	)	$	18,872	$	(551,420	)



	As of
(in thousands)	June 30, 2019		December 31, 2018
Total assets:
Independent Living	$	1,469,683	$	1,104,774
Assisted Living and Memory Care	4,293,648		3,684,170
CCRCs	792,344		707,819
Health Care Services	270,496		254,950
Corporate and Management Services	633,311		715,547
Total assets	$	7,459,482	$	6,467,260


(1)	All revenue is earned from external third parties in the United States.


(2)	Management services segment revenue includes management fees and reimbursements of costs incurred on behalf of managed communities.

(3)

Segment operating income is defined as segment revenues less segment facility operating expense (excluding depreciation and amortization) and costs incurred on behalf of managed communities.