Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables set forth selected segment financial data.

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Revenue and other operating income:
Independent Living(1)	$	140,888	$	126,737	$	281,544	$	251,143
Assisted Living and Memory Care(1)	490,286		440,866		979,090		873,354
CCRCs(1)	83,109		81,196		169,381		161,652
All Other	36,509		40,717		74,040		81,187
Total revenue and other operating income	$	750,792	$	689,516	$	1,504,055	$	1,367,336
	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Segment operating income:(2)
Independent Living	$	46,361	$	38,709	$	93,194	$	76,393
Assisted Living and Memory Care	124,616		87,588		249,209		164,451
CCRCs	12,188		8,838		25,687		18,877
All Other	2,510		3,329		5,087		6,658
Total segment operating income	185,675		138,464		373,177		266,379
General and administrative expense (including non-cash stock-based compensation expense)	45,326		41,752		93,945		86,878
Facility operating lease expense	50,512		41,538		96,639		83,102
Depreciation and amortization	84,448		86,623		169,382		172,307
Asset impairment	520		2,599		520		11,674
Loss (gain) on sale of communities, net	(36,296)		—		(36,296)		—
Income (loss) from operations	$	41,165	$	(34,048)	$	48,987	$	(87,582)

	As of
(in thousands)	June 30, 2023		December 31, 2022
Total assets:
Independent Living(3)	$	1,241,836	$	1,267,825
Assisted Living and Memory Care	3,376,440		3,329,516
CCRCs	636,509		664,502
Corporate and All Other	649,950		675,219
Total assets	$	5,904,735	$	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 June 30, 2023 and December 31, 2022.