Segment Information | Segment Information The Company's reporting segments include (1) home health services, (2) hospice services, (3) home and community-based services, (4) facility-based services, and (5) HCI. The accounting policies of the segments are the same as those described in the summary of significant accounting policies, as described in Note 2 of the Notes to Condensed Consolidated Financial Statements. Reportable segments have been identified based upon how management has organized the business by services provided to customers and how the chief operating decision maker manages the business and allocates resources, consistent with the criteria in ASC 280, Segment Reporting. The following tables summarize the Company’s segment information for the three months ended March 31, 2020 and 2019 (amounts in thousands): Three Months Ended March 31, 2020 Home health services Hospice services Home and community-based services Facility-based services HCI Total Net service revenue $ 367,821 $ 60,531 $ 48,464 $ 29,681 $ 6,374 $ 512,871 Cost of service revenue 220,440 38,034 38,453 20,342 3,933 321,202 General and administrative expenses 116,023 16,626 11,459 10,380 3,378 157,866 Operating income (loss) 31,358 5,871 (1,448 ) (1,041 ) (937 ) 33,803 Interest expense (1,900 ) (303 ) (266 ) (219 ) (80 ) (2,768 ) Income (loss) before income taxes and noncontrolling interest 29,458 5,568 (1,714 ) (1,260 ) (1,017 ) 31,035 Income tax expense (benefit) 3,289 608 (206 ) (199 ) (133 ) 3,359 Net income (loss) 26,169 4,960 (1,508 ) (1,061 ) (884 ) 27,676 Less net income (loss) attributable to non controlling interests 4,606 967 (155 ) 243 (9 ) 5,652 Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 21,563 $ 3,993 $ (1,353 ) $ (1,304 ) $ (875 ) $ 22,024 Total assets $ 1,548,224 $ 251,354 $ 252,846 $ 90,791 $ 69,067 $ 2,212,282 Three Months Ended March 31, 2019 Home health services Hospice services Home and community-based services Facility-based services HCI Total Net service revenue $ 363,035 $ 51,736 $ 51,785 $ 27,701 $ 8,328 $ 502,585 Cost of service revenue 226,123 33,176 39,855 17,732 4,106 320,992 General and administrative expenses 104,839 14,853 10,982 9,177 5,370 145,221 Other intangible impairment charge 6,318 1 — — — 6,319 Operating income (loss) 25,755 3,706 948 792 (1,148 ) 30,053 Interest expense (2,138 ) (343 ) (301 ) (180 ) (90 ) (3,052 ) Income (loss) before income taxes and noncontrolling interest 23,617 3,363 647 612 (1,238 ) 27,001 Income tax expense (benefit) 3,208 446 151 5 (210 ) 3,600 Net income (loss) 20,409 2,917 496 607 (1,028 ) 23,401 Less net income (loss) attributable to noncontrolling interests 3,780 601 (310 ) 481 (7 ) 4,545 Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 16,629 $ 2,316 $ 806 $ 126 $ (1,021 ) $ 18,856 Total assets $ 1,421,000 $ 220,347 $ 226,991 $ 79,257 $ 66,262 $ 2,013,857 |