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 and nine months ended September 30, 2021 and 2020 (amounts in thousands): Three Months Ended September 30, 2021 Home health services Hospice services Home and community-based services Facility-based services HCI Total Net service revenue $ 386,699 $ 82,653 $ 45,800 $ 32,415 $ 17,884 $ 565,451 Cost of service revenue (excluding depreciation and amortization) 230,839 51,631 34,386 23,725 3,281 343,862 General and administrative expenses 126,695 22,548 11,764 11,050 4,387 176,444 Operating income (loss) 29,165 8,474 (350) (2,360) 10,216 45,145 Interest expense (811) (139) (109) (54) (22) (1,135) Income (loss) before income taxes and noncontrolling interest 28,354 8,335 (459) (2,414) 10,194 44,010 Income tax expense (benefit) 6,407 1,874 (99) (554) 2,522 10,150 Net income (loss) 21,947 6,461 (360) (1,860) 7,672 33,860 Less net income (loss) attributable to non controlling interests 5,157 1,085 77 (187) (6) 6,126 Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 16,790 $ 5,376 $ (437) $ (1,673) $ 7,678 $ 27,734 Total assets $ 1,632,670 $ 681,954 $ 239,452 $ 83,276 $ 75,334 $ 2,712,686 Three Months Ended September 30, 2020 Home health services Hospice services Home and community-based services Facility-based services HCI Total Net service revenue $ 373,450 $ 59,801 $ 48,387 $ 33,344 $ 15,702 $ 530,684 Cost of service revenue (excluding depreciation and amortization) 205,523 37,180 36,664 22,213 3,666 305,246 General and administrative expenses 118,792 16,668 10,937 11,439 3,627 161,463 Impairment of intangibles and other 22 — — — — 22 Government stimulus (income) expense 35,019 4,731 2,865 1,656 164 44,435 Operating income (loss) 14,094 1,222 (2,079) (1,964) 8,245 19,518 Interest expense (310) (51) (37) (22) (11) (431) Income (loss) before income taxes and noncontrolling interest 13,784 1,171 (2,116) (1,986) 8,234 19,087 Income tax expense (benefit) 3,403 247 (440) (435) 1,820 4,595 Net income (loss) 10,381 924 (1,676) (1,551) 6,414 14,492 Less net income (loss) attributable to noncontrolling interests (157) 321 (153) (12) (7) (8) Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 10,538 $ 603 $ (1,523) $ (1,539) $ 6,421 $ 14,500 Total assets $ 1,721,278 $ 277,358 $ 263,414 $ 108,118 $ 86,168 $ 2,456,336 Nine Months Ended September 30, 2021 Home health services Hospice services Home and community-based services Facility-based services HCI Total Net service revenue $ 1,157,061 $ 209,191 $ 143,332 $ 96,814 $ 29,795 $ 1,636,193 Cost of service revenue (excluding depreciation and amortization) 663,137 129,848 103,941 65,360 9,720 972,006 General and administrative expenses 369,337 58,789 35,216 33,213 10,199 506,754 Impairment of intangibles and other 937 — — — — 937 Operating income (loss) 123,650 20,554 4,175 (1,759) 9,876 156,496 Interest expense (1,099) (195) (143) (73) (31) (1,541) Income (loss) before income taxes and noncontrolling interest 122,551 20,359 4,032 (1,832) 9,845 154,955 Income tax expense (benefit) 26,003 4,221 889 (649) 2,445 32,909 Net income (loss) 96,548 16,138 3,143 (1,183) 7,400 122,046 Less net income (loss) attributable to non controlling interests 17,506 3,308 441 792 (37) 22,010 Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 79,042 $ 12,830 $ 2,702 $ (1,975) $ 7,437 $ 100,036 Nine Months Ended September 30, 2020 Home health services Hospice services Home and community-based services Facility-based services HCI Total Net service revenue $ 1,081,143 $ 181,387 $ 144,526 $ 96,664 $ 27,155 $ 1,530,875 Cost of service revenue (excluding depreciation and amortization) 631,109 112,485 113,864 64,340 11,362 933,160 General and administrative expenses 345,024 49,560 33,520 31,984 9,815 469,903 Impairment of intangibles and other 22 600 — — — 622 Government stimulus (income) expense — — — — — — Operating income (loss) 104,988 18,742 (2,858) 340 5,978 127,190 Interest expense (2,804) (451) (382) (288) (115) (4,040) Income (loss) before income taxes and noncontrolling interest 102,184 18,291 (3,240) 52 5,863 123,150 Income tax expense (benefit) 19,499 3,294 (658) (261) 1,307 23,181 Net income (loss) 82,685 14,997 (2,582) 313 4,556 99,969 Less net income (loss) attributable to noncontrolling interests 14,371 3,452 (275) 1,228 (23) 18,753 Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 68,314 $ 11,545 $ (2,307) $ (915) $ 4,579 $ 81,216 |