Annual report pursuant to Section 13 and 15(d)

Business Segment Information

v3.22.0.1
Business Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company’s reportable segments are organized based on service platforms, with the ITS segment reflecting higher margin rental revenues that generally include payments made by third-party and direct payers and the DME Services segment reflecting lower margin product sales, direct payer rental and services revenues. Resources are allocated and performance is assessed for these segments by the Company’s Chief Executive Officer, whom the Company has determined to be its chief operating decision-maker. The Company believes that reporting performance at the gross profit level is the best indicator of segment performance.
The financial information summarized below is presented by reportable segment: 
2021
(in thousands) ITS DME Services Corporate/
Eliminations		 Total
Net revenues - external $ 65,598  $ 36,784  $ —  $ 102,382 
Net revenues - internal —  5,753  (5,753) $ — 
Total net revenues 65,598  42,537  (5,753) 102,382 
Gross profit 42,046  18,151  —  60,197 
Selling, general and administrative expenses 57,377  57,377 
Interest expense (1,377) (1,377)
Other expense (186) (186)
Benefit from income taxes 163  163 
Net income $ 1,420 
Total assets $ 60,970  $ 34,616  $ 2,000  $ 97,586 
Purchases of medical equipment $ 10,533  $ 5,143  $ —  $ 15,676 
Depreciation and amortization of intangible assets $ 10,886  $ 3,739  $ —  $ 14,625 
2020
(in thousands) ITS DME Services Corporate/
Eliminations		 Total
Net revenues - external $ 61,072  $ 36,316  $ —  $ 97,388 
Net revenues - internal —  5,370  (5,370) — 
Total net revenues 61,072  41,686  (5,370) 97,388 
Gross profit 39,773  18,986  —  58,759 
Selling, general and administrative expenses 49,932  49,932 
Interest expense (1,255) (1,255)
Other expense (29) (29)
Benefit from income taxes 9,789  9,789 
Net income $ 17,332 
Total assets $ 68,472  $ 26,519  $ 2,000  $ 96,991 
Purchases of medical equipment $ 9,583  $ 6,237  $ —  $ 15,820 
Depreciation and amortization of intangible assets $ 10,708  $ 3,317  $ —  $ 14,025 
2019
(in thousands) ITS DME Services Corporate/
Eliminations		 Total
Net revenues - external $ 51,540  $ 29,575  $ —  $ 81,115 
Net revenues - internal —  3,788  (3,788) — 
Total net revenues 51,540  33,363  (3,788) 81,115 
Gross profit 33,063  13,819  —  46,882 
Selling, general and administrative expenses 43,357  43,357 
Interest expense (1,904) (1,904)
Other expense (97) (97)
Provision for income taxes (163) (163)
Net income $ 1,361 
Total assets $ 54,292  $ 22,932  $ 2,000  $ 79,224 
Purchases of medical equipment $ 14,216  $ 5,453  $ —  $ 19,669 
Depreciation and amortization of intangible assets $ 9,457  $ 2,885  $ —  $ 12,342