Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Segment Reporting Information

The following tables set forth selected segment financial data.


	For the Years Ended December 31,
(in thousands)	2022		2021		2020
Revenue and other operating income:
Independent Living (1)(2)	$	518,699	$	477,050	$	524,421
Assisted Living and Memory Care (1)(2)	1,815,722		1,595,684		1,753,861
CCRCs (1)(2)	331,577		306,213		340,337
All Other (3)	159,381		202,043		531,879
Health Care Services (1)(2)	—		177,269		389,697
Total revenue and other operating income	$	2,825,379	$	2,758,259	$	3,540,195
Segment operating income:(4)
Independent Living	$	158,950	$	146,108	$	182,813
Assisted Living and Memory Care	379,958		294,320		428,601
CCRCs	43,485		34,109		53,180
All Other	12,020		20,598		130,690
Health Care Services	—		5,816		1,863
Total segment operating income	594,413		500,951		797,147
General and administrative expense (including non-cash stock-based compensation expense)	168,594		184,916		206,575
Facility operating lease expense:
Independent Living	39,700		42,162		60,445
Assisted Living and Memory Care	106,961		111,117		137,900
CCRCs	13,883		15,932		20,406
Corporate and All Other	4,750		5,147		5,282



Depreciation and amortization:
Independent Living	79,521		74,922		70,803
Assisted Living and Memory Care	207,344		200,677		224,790
CCRCs	38,039		37,891		38,426
Corporate and All Other	22,540		23,783		24,458
Health Care Services	—		340		749


Asset impairment:
Independent Living	10,893		3,483		31,317
Assisted Living and Memory Care	11,613		14,384		61,640
CCRCs	5,970		4,790		12,413
Corporate and All Other	1,142		346		1,938
Loss (gain) on sale of communities, net	(73,850)		—		—
Loss (gain) on facility operating lease termination, net	—		(2,003)		(2,303)
Income (loss) from operations	$	(42,687)	$	(216,936)	$	(97,692)

Total interest expense:
Independent Living	$	48,788	$	45,209	$	44,682
Assisted Living and Memory Care	133,139		121,785		134,015
CCRCs	21,251		18,756		19,928
Corporate and All Other	1,539		9,390		10,154
	$	204,717	$	195,140	$	208,779



Total capital expenditures for property, plant and equipment, and leasehold intangibles:
Independent Living	$	44,857	$	36,992	$	47,889
Assisted Living and Memory Care	111,978		105,177		90,354
CCRCs	20,467		19,086		18,709
Corporate and All Other	22,707		21,463		23,638
Health Care Services	—		—		515
	$	200,009	$	182,718	$	181,105


	As of December 31,
(in thousands)	2022		2021
Total assets:
Independent Living (5)	$	1,267,825	$	1,349,341
Assisted Living and Memory Care	3,329,516		3,601,144
CCRCs	664,502		693,386
Corporate and All Other	675,219		766,596
Total assets(5)	$	5,937,062	$	6,410,467

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

(2)Includes other operating income recognized for the credits or grants pursuant to the Provider Relief Fund, employee retention credit, and other government sources, as described in Note 3. Allocations to the applicable segment generally reflect the credits earned by the segment, the segment’s receipt and acceptance of the grant, or the segment’s proportional utilization of the grant. Other operating income by segment is as follows.


	For the Years Ended December 31,
(in thousands)	2022		2021		2020
Independent Living	$	10,906	$	1,512	$	11,823
Assisted Living and Memory Care	60,630		5,963		62,585
CCRCs	8,933		1,788		18,454
Health Care Services	—		3,105		22,887
Total other operating income	$	80,469	$	12,368	$	115,749

(3)All Other revenue and other operating income includes management fees and reimbursements of costs incurred on behalf of managed communities. For the years ended December 31, 2022, 2021, and 2020, revenue and other operating income includes $4.2 million, $17.2 million, and $67.2 million of revenue earned from unconsolidated ventures in which the Company had or has an ownership interest.

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

(5)The Company's total carrying amount of goodwill was $27.3 million, $27.3 million, and $154.1 million as of December 31, 2022, December 31, 2021, and December 31, 2020, respectively. The Company's Health Care Services segment had a carrying amount of goodwill of $126.8 million as of December 31, 2020, which was derecognized upon completion of the HCS Sale on July 1, 2021 and accounted for the reduction in total goodwill for the year ended December 31, 2021. The Company's Independent Living segment had a carrying amount of goodwill of $27.3 million as of December 31, 2022, December 31, 2021, and December 31, 2020.