Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

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)	2020			2019		2020			2019
Revenue and other operating income:
Independent Living ⁽¹⁾	$	130,278		$	135,951	$	266,140		$	271,645
Assisted Living and Memory Care ⁽¹⁾	432,308			450,225		889,787			908,751
CCRCs ⁽¹⁾⁽²⁾	88,571			101,253		183,118			204,980
Health Care Services⁽¹⁾⁽²⁾	107,165			114,434		201,984			225,966
Management Services⁽³⁾	107,587			217,594		339,019			450,159
Total revenue and other operating income	$	865,909		$	1,019,457	$	1,880,048		$	2,061,501
Segment operating income: ⁽⁴⁾
Independent Living	$	41,038		$	51,459	$	92,452		$	104,335
Assisted Living and Memory Care	87,708			133,144		219,709			273,843
CCRCs	13,850			17,847		33,781			39,484
Health Care Services	9,692			9,167		571			17,340
Management Services	6,076			15,449		114,791			31,192
Total segment operating income	158,364			227,066		461,304			466,194
General and administrative expense (including non-cash stock-based compensation expense)	52,518			57,576		107,113			113,887
Facility operating lease expense	62,379			67,689		126,860			136,357
Depreciation and amortization	93,154			94,024		183,892			190,912
Asset impairment:
Independent Living	—			—		31,317			—
Assisted Living and Memory Care	10,290			1,180		43,088			1,537
CCRCs	—			—		12,173			—
Health Care Services	—			—		—			—
Management Services	—			2,589		1,938			2,623
Total asset impairment:	10,290			3,769		88,516			4,160
Loss (gain) on facility lease termination and modification, net	—			1,797		—			2,006
Income (loss) from operations	$	(59,977	)	$	2,211	$	(45,077	)	$	18,872



	As of
(in thousands)	June 30, 2020		December 31, 2019
Total assets:
Independent Living	$	1,510,783	$	1,441,652
Assisted Living and Memory Care	4,043,817		4,157,610
CCRCs	792,989		742,809
Health Care Services	248,702		256,715
Corporate and Management Services	828,252		595,647
Total assets	$	7,424,543	$	7,194,433


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

(2)

The CCRCs and Health Care Services segments include $9.7 million and $17.0 million, respectively, of other operating income recognized for grants pursuant to the Emergency Fund described in Note 3 and other government sources. Allocations to the applicable segment reflect the segment's receipt and acceptance of the amounts and the Company's estimates of the segment's satisfaction of the conditions of grant during the period.


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

(4)

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