Segment Information (Tables)

6 Months Ended

Dec. 31, 2021

Schedule of Segment Reporting Information, by Segment

The following table presents information about the reportable segments for the three months ended December 31, 2021:


(in thousands)	Senior		Life		Auto & Home		Corp & Elims			Consolidated
Revenue	$	157,967	$	32,780	$	6,135	$	(1,901)		$	194,981
Operating expenses	(306,602)		(30,930)		(4,700)		(15,979)		(1)	(358,211)
Other expenses, net	—		—		—		(51)			(51)
Adjusted EBITDA	$	(148,635)	$	1,850	$	1,435	$	(17,931)		(163,281)
Share-based compensation expense										(1,894)
Non-recurring expenses (2)										(1,602)


Depreciation and amortization										(6,175)
Loss on disposal of property, equipment, and software										(5)
Interest expense, net										(10,587)

Income tax benefit										46,536
Net loss										$	(137,008)

(1) Operating expenses in the Corp & Elims division primarily include $11.2 million in salaries and benefits for certain general, administrative, and IT related departments, and $4.3 million in professional services fees.

(2) These expenses primarily consist of debt issuance costs incurred for the Second Amendment.

The following table presents information about the reportable segments for the three months ended December 31, 2020:


(in thousands)	Senior		Life		Auto & Home		Corp & Elims			Consolidated
Revenue	$	315,510	$	35,666	$	7,241	$	(852)		$	357,565
Operating expenses	(180,955)		(29,961)		(5,091)		(12,746)		(1)	(228,753)
Other expenses, net	—		—		—		(21)			(21)
Adjusted EBITDA	$	134,555	$	5,705	$	2,150	$	(13,619)		128,791
Share-based compensation expense										(1,336)
Non-recurring expenses (2)										(362)
Fair value adjustments to contingent earnout obligations										(395)

Depreciation and amortization										(3,590)
Loss on disposal of property, equipment, and software										(79)
Interest expense, net										(6,782)
Income tax expense										(26,391)
Net income										$	89,856

(1) Operating expenses in the Corp & Elims division primarily include $8.4 million in salaries and benefits for certain general, administrative, and IT related departments and $3.3 million in professional services fees.

(2) These expenses primarily consist of non-recurring compensation to a former executive and expenses related to business continuity in response to the COVID-19 pandemic.

The following table presents information about the reportable segments for the six months ended December 31, 2021:


(in thousands)	Senior		Life		Auto & Home		Corp & Elims			Consolidated
Revenue	$	264,287	$	80,211	$	13,604	$	(5,594)		$	352,508
Operating expenses	(445,893)		(76,058)		(10,796)		(29,330)		(1)	(562,077)
Other expenses, net	—		—		—		(153)			(153)
Adjusted EBITDA	$	(181,606)	$	4,153	$	2,808	$	(35,077)		(209,722)
Share-based compensation expense										(4,109)
Non-recurring expenses (2)										(2,155)


Depreciation and amortization										(11,278)
Loss on disposal of property, equipment, and software										(355)
Interest expense, net										(19,122)

Income tax benefit										62,580
Net loss										$	(184,161)

(1) Operating expenses in the Corp & Elims division primarily include $21.6 million in salaries and benefits for certain general, administrative, and IT related departments, and $9.0 million in professional services fees.

(2) These expenses primarily consist of costs incurred for the Second Amendment and costs related to the acquisitions of Express Med Pharmaceuticals and Simple Meds.

The following table presents information about the reportable segments for the six months ended December 31, 2020:


(in thousands)	Senior		Life		Auto & Home		Corp & Elims			Consolidated
Revenue	$	388,709	$	77,094	$	16,779	$	(2,243)		$	480,339
Operating expenses	(245,252)		(62,307)		(11,012)		(22,264)		(1)	(340,835)
Other expenses, net	—		—		—		(43)			(43)
Adjusted EBITDA	$	143,457	$	14,787	$	5,767	$	(24,550)		139,461
Share-based compensation expense										(2,259)
Non-recurring expenses (2)										(822)
Fair value adjustments to contingent earnout obligations										(1,153)

Depreciation and amortization										(6,937)
Loss on disposal of property, equipment, and software										(162)
Interest expense, net										(13,543)

Income tax expense										(24,994)
Net income										$	89,591

(1) Operating expenses in the Corp & Elims division primarily include $15.0 million in salaries and benefits for certain general, administrative, and IT related departments and $6.3 million in professional services fees.

(2) These expenses primarily consist of non-recurring compensation to a former executive, non-restructuring severance expenses, costs related to our IPO, and expenses related to business continuity in response to the COVID-19 pandemic.