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Segment Information (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Summary of Segment Information

 

 

For the Three Months Ended June 30, 2024

 

 

 

(Amounts in Thousands)

 

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

212,817

 

 

$

56,030

 

 

$

18,075

 

 

$

286,922

 

Cost of services revenues

 

 

152,755

 

 

 

29,730

 

 

 

11,279

 

 

 

193,764

 

Gross profit

 

 

60,062

 

 

 

26,300

 

 

 

6,796

 

 

 

93,158

 

General and administrative expenses

 

 

16,973

 

 

 

13,466

 

 

 

4,572

 

 

 

35,011

 

Segment operating income

 

$

43,089

 

 

$

12,834

 

 

$

2,224

 

 

$

58,147

 

 

 

 

For the Three Months Ended June 30, 2023

 

 

 

(Amounts in Thousands)

 

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

198,314

 

 

$

50,210

 

 

$

11,456

 

 

$

259,980

 

Cost of services revenues

 

 

143,972

 

 

 

26,606

 

 

 

7,084

 

 

 

177,662

 

Gross profit

 

 

54,342

 

 

 

23,604

 

 

 

4,372

 

 

 

82,318

 

General and administrative expenses

 

 

16,267

 

 

 

12,768

 

 

 

2,641

 

 

 

31,676

 

Segment operating income

 

$

38,075

 

 

$

10,836

 

 

$

1,731

 

 

$

50,642

 

 

 

 

For the Three Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

 

(Amounts in Thousands)

 

Segment reconciliation:

 

 

 

 

 

 

Total segment operating income

 

$

58,147

 

 

$

50,642

 

 

 

 

 

 

 

Items not allocated at segment level:

 

 

 

 

 

 

Other general and administrative expenses

 

 

28,565

 

 

 

25,721

 

Depreciation and amortization

 

 

3,401

 

 

 

3,382

 

Interest income

 

 

(474

)

 

 

(291

)

Interest expense

 

 

2,114

 

 

 

2,331

 

Income before income taxes

 

$

24,541

 

 

$

19,499

 

 

 

 

 

For the Six Months Ended June 30, 2024

 

 

 

(Amounts in Thousands)

 

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

420,820

 

 

$

111,893

 

 

$

34,955

 

 

$

567,668

 

Cost of services revenues

 

 

305,291

 

 

 

58,697

 

 

 

22,345

 

 

 

386,333

 

Gross profit

 

 

115,529

 

 

 

53,196

 

 

 

12,610

 

 

 

181,335

 

General and administrative expenses

 

 

32,418

 

 

 

26,905

 

 

 

9,109

 

 

 

68,432

 

Segment operating income

 

$

83,111

 

 

$

26,291

 

 

$

3,501

 

 

$

112,903

 

 

 

 

For the Six Months Ended June 30, 2023

 

 

 

(Amounts in Thousands)

 

 

 

Personal Care

 

 

Hospice

 

 

Home Health

 

 

Total

 

Net service revenues

 

$

388,346

 

 

$

99,292

 

 

$

23,941

 

 

$

511,579

 

Cost of services revenues

 

 

282,355

 

 

 

53,873

 

 

 

14,618

 

 

 

350,846

 

Gross profit

 

 

105,991

 

 

 

45,419

 

 

 

9,323

 

 

 

160,733

 

General and administrative expenses

 

 

32,202

 

 

 

25,783

 

 

 

5,521

 

 

 

63,506

 

Segment operating income

 

$

73,789

 

 

$

19,636

 

 

$

3,802

 

 

$

97,227

 

 

 

 

For the Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

 

(Amounts in Thousands)

 

Segment reconciliation:

 

 

 

 

 

 

Total segment operating income

 

$

112,903

 

 

$

97,227

 

 

 

 

 

 

 

Items not allocated at segment level:

 

 

 

 

 

 

Other general and administrative expenses

 

 

56,207

 

 

 

50,251

 

Depreciation and amortization

 

 

6,870

 

 

 

6,829

 

Interest income

 

 

(897

)

 

 

(397

)

Interest expense

 

 

4,872

 

 

 

4,792

 

Income before income taxes

 

$

45,851

 

 

$

35,752