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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Summary of Segment Information

 

 

For the Year Ended December 31, 2023

 

 

 

(Amounts in Thousands)

 

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

794,718

 

 

$

207,155

 

 

$

56,778

 

 

$

1,058,651

 

Cost of services revenues

 

 

572,807

 

 

 

110,219

 

 

 

35,749

 

 

 

718,775

 

Gross profit

 

 

221,911

 

 

 

96,936

 

 

 

21,029

 

 

 

339,876

 

General and administrative expenses

 

 

64,382

 

 

 

52,083

 

 

 

14,017

 

 

 

130,482

 

Segment operating income

 

$

157,529

 

 

$

44,853

 

 

$

7,012

 

 

$

209,394

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2022

 

 

 

(Amounts in Thousands)

 

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

706,507

 

 

$

201,772

 

 

$

42,841

 

 

$

951,120

 

Cost of services revenues

 

 

520,617

 

 

 

100,956

 

 

 

29,808

 

 

 

651,381

 

Gross profit

 

 

185,890

 

 

 

100,816

 

 

 

13,033

 

 

 

299,739

 

General and administrative expenses

 

 

60,532

 

 

 

49,742

 

 

 

10,251

 

 

 

120,525

 

Segment operating income

 

$

125,358

 

 

$

51,074

 

 

$

2,782

 

 

$

179,214

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2021

 

 

 

(Amounts in Thousands)

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

685,854

 

 

$

152,253

 

 

$

26,392

 

 

$

864,499

 

Cost of services revenues

 

 

502,024

 

 

 

75,186

 

 

 

17,441

 

 

 

594,651

 

Gross profit

 

 

183,830

 

 

 

77,067

 

 

 

8,951

 

 

 

269,848

 

General and administrative expenses

 

 

61,565

 

 

 

34,632

 

 

 

5,713

 

 

 

101,910

 

Segment operating income

 

$

122,265

 

 

$

42,435

 

 

$

3,238

 

 

$

167,938

 

 

 

 

For the Years Ended December 31,

 

 

 

(Amounts in Thousands)

 

 

 

2023

 

 

2022

 

 

2021

 

Segment reconciliation:

 

 

 

 

 

 

 

 

 

Total segment operating income

 

$

209,394

 

 

$

179,214

 

 

$

167,938

 

 

 

 

 

 

 

 

 

 

Items not allocated at segment level:

 

 

 

 

 

 

 

 

 

Other general and administrative expenses

 

 

104,312

 

 

 

96,417

 

 

 

87,508

 

Depreciation and amortization

 

 

14,126

 

 

 

14,060

 

 

 

14,494

 

Interest income

 

 

(1,476

)

 

 

(341

)

 

 

(268

)

Interest expense

 

 

11,106

 

 

 

8,907

 

 

 

5,806

 

Income before income taxes

 

$

81,326

 

 

$

60,171

 

 

$

60,398