Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of segment reporting infomration

The following table sets forth selected segment financial data:



	For the Years Ended December 31,
(in thousands)	2019			2018			2017
Revenue:
Independent Living ⁽¹⁾	$	544,558		$	599,977		$	654,196
Assisted Living and Memory Care ⁽¹⁾	1,815,938			1,995,851			2,210,688
CCRCs ⁽¹⁾	402,175			416,408			468,994
Health Care Services ⁽¹⁾	447,260			436,975			446,262
Management Services ⁽²⁾	847,157			1,082,215			966,976
Total revenue	$	4,057,088		$	4,531,426		$	4,747,116
Segment Operating Income ⁽³⁾:
Independent Living	$	203,741		$	240,609		$	271,417
Assisted Living and Memory Care	518,636			628,982			749,058
CCRCs	72,072			92,212			106,162
Health Care Services	24,987			34,080			51,348
Management Services	57,108			71,986			75,845
Total segment operating income	876,544			1,067,869			1,253,830
General and administrative (including non-cash stock-based compensation expense)	219,289			259,475			278,019
Facility lease expense:
Independent Living	81,680			93,496			117,131
Assisted Living and Memory Care	157,823			178,716			185,971
CCRCs	24,248			24,856			29,464
Corporate and Management Services	5,915			6,226			7,155
Depreciation and amortization:
Independent Living	81,745			91,899			95,226
Assisted Living and Memory Care	222,574			261,365			290,344
CCRCs	44,163			53,551			44,294
Health Care Services	2,247			3,201			3,723
Corporate and Management Services	28,704			37,439			48,490
Goodwill and asset impairment:
Independent Living	1,812			2,013			2,968
Assisted Living and Memory Care	32,229			436,892			342,788
CCRCs	4,983			6,669			18,083
Health Care Services	7,578			9,055			14,599
Corporate and Management Services	2,664			35,264			31,344
Loss (gain) on facility lease termination and modification, net	3,388			162,001			14,276
Income (loss) from operations	$	(44,498	)	$	(594,249	)	$	(270,045	)

Total interest expense:
Independent Living	$	46,713		$	58,783		$	55,436
Assisted Living and Memory Care	166,097			174,459			207,861



CCRCs	27,426		26,746		27,665
Health Care Services	—		—		892
Corporate and Management Services	8,105		20,281		34,300
	$	248,341	$	280,269	$	326,154

Total capital expenditures for property, plant and equipment, and leasehold intangibles:
Independent Living	$	78,831	$	51,510	$	47,309
Assisted Living and Memory Care	157,845		125,750		119,717
CCRCs	33,535		26,615		24,297
Health Care Services	484		902		755
Corporate and Management Services	24,506		16,033		29,398
	$	295,201	$	220,810	$	221,476



	As of December 31,
(in thousands)	2019		2018
Total assets:
Independent Living	$	1,441,652	$	1,104,774
Assisted Living and Memory Care	4,157,610		3,684,170
CCRCs	742,809		707,819
Health Care Services	256,715		254,950
Corporate and Management Services	595,647		715,547
Total assets	$	7,194,433	$	6,467,260


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


(2)	Management services segment revenue includes reimbursements for which the Company is the primary obligor of costs incurred on behalf of managed communities.

(3)

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