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Segment Information
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Information

The Company is organized in two operating segments, Long-Term Care Group (“LTC”) and Specialty Care Group (“SCG”). These segments are based on the operations of the underlying businesses and the customers they serve. The Company’s larger reportable segment is LTC, which primarily provides distribution of pharmaceuticals, related pharmacy consulting and other ancillary services. LTC’s customers are primarily skilled nursing, assisted living and other providers of healthcare services. The Company’s other reportable segment is SCG, which provides specialty pharmacy and key commercialization services for the biopharmaceutical industry. The primary components of the “Corporate/Other” segment are the Company’s corporate management oversight and administration, including its information technology and data management services, as well as other consolidating and eliminating entries, which have not been charged to reportable segments. The Company evaluates the performance of its segments based on revenue and operating income, and does not include segment assets or nonoperating income/expense items for management reporting purposes.
 (In thousands)
 
Three months ended June 30,
2015:
 
LTC
 
SCG
 
Corporate/Other
 
Consolidated
Totals
Net sales
 
$
1,159,099

 
$
574,140

 
$
78

 
$
1,733,317

Depreciation and amortization expense
 
(17,588
)
 
(1,238
)
 
(15,546
)
 
(34,372
)
Settlement, litigation and other related charges
 
(57,702
)
 

 

 
(57,702
)
Other charges
 
(3,632
)
 

 
(7,773
)
 
(11,405
)
Operating income (loss)
 
104,025

 
40,461

 
(47,556
)
 
96,930

2014:
 
 
 
 
 
 
 
 
Net sales
 
$
1,190,441

 
$
420,067

 
$
76

 
$
1,610,584

Depreciation and amortization expense
 
(17,382
)
 
(1,168
)
 
(14,811
)
 
(33,361
)
Settlement, litigation and other related charges
 
(7,547
)
 

 

 
(7,547
)
Other charges
 
(2,920
)
 

 
(8,364
)
 
(11,284
)
Operating income (loss)
 
149,533

 
31,125

 
(50,412
)
 
130,246

 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
2015:
 
LTC
 
SCG
 
Corporate/Other
 
Consolidated
Totals
Net sales
 
$
2,353,619

 
$
1,039,411

 
$
129

 
$
3,393,159

Depreciation and amortization expense
 
(34,403
)
 
(2,414
)
 
(28,918
)
 
(65,735
)
Settlement, litigation and other related charges
 
(67,522
)
 

 

 
(67,522
)
Other charges
 
(5,023
)
 

 
(7,431
)
 
(12,454
)
Operating income (loss)
 
255,728

 
79,464

 
(86,282
)
 
248,910

2014:
 
 
 
 
 
 
 
 
Net sales
 
$
2,381,694

 
$
799,739

 
$
189

 
$
3,181,622

Depreciation and amortization expense
 
(34,853
)
 
(2,295
)
 
(29,949
)
 
(67,097
)
Settlement, litigation and other related charges
 
(14,599
)
 

 

 
(14,599
)
Other charges
 
(5,431
)
 

 
(16,129
)
 
(21,560
)
Operating income (loss)
 
302,117

 
62,854

 
(101,973
)
 
262,998