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Segment Information
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Information
15. Segment Information

As of March 31, 2023, the Company has three reportable segments: Independent Living; Assisted Living and Memory Care; and CCRCs. Operating segments are defined as components of an enterprise that engage in business activities from which it may earn revenues and incur expenses; for which separate financial information is available; and whose operating results are regularly reviewed by the chief operating decision maker to assess the performance of the individual segment and make decisions about resources to be allocated to the segment.
Independent Living. The Company's Independent Living segment includes owned or leased communities that are primarily designed for middle to upper income seniors who desire to live in a residential setting that feels like home, without the efforts of ownership. The majority of the Company's independent living communities consist of both independent and assisted living units in a single community, which allows residents to age-in-place by providing them with a broad continuum of senior independent and assisted living services to accommodate their changing needs.

Assisted Living and Memory Care. The Company's Assisted Living and Memory Care segment includes owned or leased communities that offer housing and 24-hour assistance with activities of daily living for the Company's residents. The Company's assisted living and memory care communities include both freestanding, multi-story communities, as well as smaller, freestanding, single story communities. The Company also provides memory care services at freestanding memory care communities that are specially designed for residents with Alzheimer's disease and other dementias.

CCRCs. The Company's CCRCs segment includes large owned or leased communities that offer a variety of living arrangements and services to accommodate a broad spectrum of physical ability and healthcare needs. Most of the Company's CCRCs have independent living, assisted living, memory care, and skilled nursing available on one campus.

All Other. All Other includes communities operated by the Company pursuant to management agreements. Under the management agreements for these communities, the Company receives management fees as well as reimbursement of expenses it incurs on behalf of the owners.

The following tables set forth selected segment financial data.

Three Months Ended
March 31,
(in thousands)20232022
Revenue and other operating income:
Independent Living(1)
$140,656 $124,406 
Assisted Living and Memory Care(1)
488,804 432,488 
CCRCs(1)
86,272 80,456 
All Other37,531 40,470 
Total revenue and other operating income$753,263 $677,820 
Three Months Ended
March 31,
(in thousands)20222021
Segment operating income:(2)
Independent Living$46,833 $37,684 
Assisted Living and Memory Care124,593 76,863 
CCRCs13,499 10,039 
All Other2,577 3,329 
Total segment operating income187,502 127,915 
General and administrative expense (including non-cash stock-based compensation expense)48,619 45,126 
Facility operating lease expense46,127 41,564 
Depreciation and amortization84,934 85,684 
Asset impairment— 9,075 
Income (loss) from operations$7,822 $(53,534)
As of
(in thousands)March 31, 2023December 31, 2022
Total assets:
Independent Living(3)
$1,253,570 $1,267,825 
Assisted Living and Memory Care3,288,702 3,329,516 
CCRCs666,102 664,502 
Corporate and All Other677,485 675,219 
Total assets$5,885,859 $5,937,062 

(1)All revenue and other operating income is earned from external third parties in the United States.
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.(3)The Company's Independent Living segment had a carrying amount of goodwill of $27.3 million as of both March 31, 2023 and December 31, 2022.