Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables set forth selected segment financial data.

	Three Months Ended March 31,
(in thousands)	2024		2023
Revenue and other operating income:
Independent Living(1)	$	148,948	$	140,656
Assisted Living and Memory Care(1)	510,872		488,804
CCRCs(1)	84,421		86,272
All Other	38,590		37,531
Total revenue and other operating income	$	782,831	$	753,263
Segment operating income:(2)
Independent Living	$	48,643	$	46,833
Assisted Living and Memory Care	137,458		124,593
CCRCs	15,590		13,499
All Other	2,618		2,577
Total segment operating income	204,309		187,502
General and administrative expense (including non-cash stock-based compensation expense)	45,732		48,619
Facility operating lease expense	51,496		46,127
Depreciation and amortization	86,127		84,934
Asset impairment	1,708		—
Income (loss) from operations	$	19,246	$	7,822

	As of
(in thousands)	March 31, 2024		December 31, 2023
Total assets:
Independent Living(3)	$	1,192,142	$	1,206,021
Assisted Living and Memory Care	3,279,194		3,315,921
CCRCs	607,107		612,521
Corporate and All Other	463,881		438,972
Total assets	$	5,542,324	$	5,573,435

(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 total carrying amount of goodwill is included on the Independent Living segment and was $27.3 million as of both March 31, 2024 and December 31, 2023.