Segment Information

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Information

10. Segment Information

Operating segments are defined as components of a company that engage in business activities from which it may earn revenues and incur expenses, and for which separate financial information is available and is regularly reviewed by the Company’s chief operating decision makers, to assess the performance of the individual segments and make decisions about resources to be allocated to the segments. The Company operates as a multi-state provider of three distinct but related business segments providing in-home services.

In its personal care segment, the Company provides non-medical assistance with activities of daily living, primarily to persons who are at increased risk of hospitalization or institutionalization, such as the elderly, chronically ill or disabled. In its hospice segment, the Company provides physical, emotional and spiritual care for people who are terminally ill as well as related services for their families. In its home health segment, the Company provides services that are primarily medical in nature to individuals who may require assistance during an illness or after hospitalization and include skilled nursing and physical, occupational and speech therapy.

The tables below set forth information about the Company’s reportable segments, along with the items necessary to reconcile the segment information to the totals reported in the accompanying Unaudited Condensed Consolidated Financial Statements. Segment assets are not reviewed by the Company’s chief operating decision maker function and therefore are not disclosed below.

Segment operating income consists of revenue generated by a segment, less the direct costs of service revenues and general and administrative expenses that are incurred directly by the segment. Unallocated general and administrative costs are those costs for functions performed in a centralized manner and therefore not attributable to a particular segment. These costs include accounting, finance, human resources, legal, information technology, corporate office support and facility costs and overall corporate management.

	For the Three Months Ended March 31, 2024
	(Amounts in Thousands)
	Personal Care		Hospice		Home Health		Total
Net service revenues	$	208,003	$	55,863	$	16,880	$	280,746
Cost of services revenues		152,536		28,967		11,066		192,569
Gross profit		55,467		26,896		5,814		88,177
General and administrative expenses		15,445		13,439		4,537		33,421
Segment operating income	$	40,022	$	13,457	$	1,277		54,756

	For the Three Months Ended March 31, 2023
	(Amounts in Thousands)
	Personal Care		Hospice		Home Health		Total
Net service revenues	$	190,032	$	49,082	$	12,485	$	251,599
Cost of services revenues		138,383		27,267		7,534		173,184
Gross profit		51,649		21,815		4,951		78,415
General and administrative expenses		15,935		13,015		2,879		31,829
Segment operating income	$	35,714	$	8,800	$	2,072	$	46,586

	For the Three Months Ended March 31,
	2024			2023
	(Amounts in Thousands)
Segment reconciliation:
Total segment operating income	$	54,756		$	46,586
Items not allocated at segment level:
Other general and administrative expenses		27,642			24,531
Depreciation and amortization		3,469			3,447
Interest income		(423	)		(106	)
Interest expense		2,758			2,461
Income before income taxes	$	21,310		$	16,253