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. 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, 2022 and 2021 (amounts in thousands): Three Months Ended March 31, 2022 Home health services Hospice services Home and community-based services Facility-based services HCI Total Net service revenue $ 387,892 $ 101,906 $ 44,340 $ 32,139 $ 5,218 $ 571,495 Cost of service revenue (excluding depreciation and amortization) 228,207 66,065 28,955 24,205 2,956 350,388 General and administrative expenses 126,807 31,345 11,418 11,428 3,361 184,359 Impairment of intangibles and other 449 726 54 — — 1,229 Operating income (loss) 32,429 3,770 3,913 (3,494) (1,099) 35,519 Interest expense (2,970) (498) (413) (208) (82) (4,171) Income (loss) before income taxes and noncontrolling interest 29,459 3,272 3,500 (3,702) (1,181) 31,348 Income tax expense (benefit) 4,769 596 2,258 (962) (292) 6,369 Net income (loss) 24,690 2,676 1,242 (2,740) (889) 24,979 Less net income (loss) attributable to non controlling interests 4,596 680 85 171 (7) 5,525 Net income (loss) attributable to LHC Group, Inc.'s common stockholder $ 20,094 $ 1,996 $ 1,157 $ (2,911) $ (882) $ 19,454 Total assets $ 1,756,250 $ 803,004 $ 240,195 $ 80,831 $ 63,260 $ 2,943,540 Three Months Ended March 31, 2021 Home health services Hospice services Home and community-based services Facility-based services HCI Total Net service revenue $ 373,828 $ 62,734 $ 49,125 $ 33,369 $ 5,779 $ 524,835 Cost of service revenue (excluding depreciation and amortization) 212,373 38,570 34,872 21,175 3,282 310,272 General and administrative expenses 119,397 18,127 11,529 11,257 2,939 163,249 Impairment of intangibles and other 177 — — — — 177 Operating income (loss) 41,881 6,037 2,724 937 (442) 51,137 Interest expense (182) (36) (24) (14) (7) (263) Income (loss) before income taxes and noncontrolling interest 41,699 6,001 2,700 923 (449) 50,874 Income tax expense (benefit) 7,890 1,067 518 57 (91) 9,441 Net income (loss) 33,809 4,934 2,182 866 (358) 41,433 Less net income (loss) attributable to noncontrolling interests 4,849 1,015 279 657 (26) 6,774 Net income (loss) attributable to LHC Group, Inc.'s common stockholders $ 28,960 $ 3,919 $ 1,903 $ 209 $ (332) $ 34,659 Total assets $ 1,785,486 $ 308,009 $ 262,538 $ 97,692 $ 69,129 $ 2,522,854 |