Segments And Nature Of The Business

12 Months Ended

Dec. 31, 2019

Segments And Nature Of The Business [Abstract]

Segments And Nature Of The Business

5.    Segments and Nature of the Business

Our segments include the VITAS segment and the Roto-Rooter segment. Relative contributions of each segment to service revenues and sales were were 66% and 34% in 2019, 67% and 33% in 2018 and 69% and 31% in 2017. The vast majority of our service revenues and sales from continuing operations are generated from business within the United States. Service revenues and sales by business segment are shown in Footnote 2.

The reportable segments have been defined along service lines, which is consistent with the way the businesses are managed. In determining reportable segments, the RRSC and RRC operating units of the Roto-Rooter segment have been aggregated on the basis of possessing similar operating and economic characteristics. The characteristics of these operating segments and the basis for aggregation are reviewed annually.

We report corporate administrative expenses and unallocated investing and financing income and expense not directly related to either segment as “Corporate”. Corporate administrative expense includes the stewardship, accounting and reporting, legal, tax and other costs of operating a publicly held corporation. Corporate investing and financing income and expenses include the costs and income associated with corporate debt and investment arrangements.

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Segment data are set forth below (in thousands):

		For the Years Ended December 31,
		2019		2018		2017
After-tax Segment Earnings/(Loss)
VITAS	$	155,822	$	138,846	$	57,645
Roto-Rooter		103,710		98,711		73,299
Total		259,532		237,557		130,944
Corporate		(39,609)		(32,013)		(32,767)
Net income	$	219,923	$	205,544	$	98,177
Interest Income
VITAS	$	18,515	$	13,412	$	12,044
Roto-Rooter		8,285		7,000		5,635
Total		26,800		20,412		17,679
Intercompany eliminations		(26,287)		(19,741)		(17,252)
Total interest income	$	513	$	671	$	427
Interest Expense
VITAS	$	169	$	175	$	188
Roto-Rooter		345		319		323
Total		514		494		511
Corporate		4,021		4,496		3,761
Total interest expense	$	4,535	$	4,990	$	4,272
Income Tax Provision
VITAS	$	48,711	$	40,847	$	16,436
Roto-Rooter		30,276		28,850		32,782
Total		78,987		69,697		49,218
Corporate		(37,301)		(35,641)		(30,478)
Total income tax provision	$	41,686	$	34,056	$	18,740
Identifiable Assets
VITAS	$	663,455	$	553,949	$	545,304
Roto-Rooter		507,480		351,030		294,663
Total		1,170,935		904,979		839,967
Corporate		97,382		70,550		80,059
Total identifiable assets	$	1,268,317	$	975,529	$	920,026
Additions to Long-Lived Assets
VITAS	$	25,530	$	36,969	$	23,469
Roto-Rooter		162,494		68,786		45,386
Total		188,024		105,755		68,855
Corporate		1,000		128		483
Total additions to long-lived assets	$	189,024	$	105,883	$	69,338
Depreciation and Amortization
VITAS	$	20,055	$	19,700	$	18,630
Roto-Rooter		24,994		19,016		16,790
Total		45,049		38,716		35,420
Corporate		156		147		205
Total depreciation and amortization	$	45,205	$	38,863	$	35,625