Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of segment reporting information

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



	Three Months Ended March 31,
(in thousands)	2020			2019
Revenue:
Independent Living ⁽¹⁾	$	135,862		$	135,694
Assisted Living and Memory Care ⁽¹⁾	457,479			458,526
CCRCs ⁽¹⁾	94,547			103,727
Health Care Services ⁽¹⁾	94,819			111,532
Management Services ⁽²⁾	231,432			232,565
Total revenue	$	1,014,139		$	1,042,044
Segment operating income: ⁽³⁾
Independent Living	$	51,414		$	52,876
Assisted Living and Memory Care	132,001			140,699
CCRCs	19,931			21,637
Health Care Services	(9,121		)	8,173
Management Services	108,715			15,743
Total segment operating income	302,940			239,128
General and administrative expense (including non-cash stock-based compensation expense)	54,595			56,311
Facility operating lease expense	64,481			68,668
Depreciation and amortization	90,738			96,888
Asset impairment	78,226			391
Loss (gain) on facility lease termination and modification, net	—			209
Income (loss) from operations	$	14,900		$	16,661



	As of
(in thousands)	March 31, 2020		December 31, 2019
Total assets:
Independent Living	$	1,533,986	$	1,441,652
Assisted Living and Memory Care	4,103,793		4,157,610
CCRCs	809,344		742,809
Health Care Services	257,277		256,715
Corporate and Management Services	797,295		595,647
Total assets	$	7,501,695	$	7,194,433


(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.