v3.26.1
Segment Information - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Total revenue $ 718,583 $ 812,944 $ 1,483,439 $ 1,626,808
Total facility operating expenses 503,455 562,317 1,014,925 1,119,304
Total segment operating income 205,769 215,920 422,128 439,007
General and administrative expense (including non-cash stock-based compensation expense) 47,132 54,973 92,189 102,847
Facility operating lease expense 43,771 52,653 87,752 105,527
Depreciation and amortization 71,109 92,853 144,572 183,829
Asset impairment 3,900 577 10,015 2,364
Loss (gain) on sale of communities, net (45,391) (43) (49,425) (43)
Income (loss) from operations 85,248 14,907 137,025 44,483
Capital expenditures: 47,440 58,141 100,595 101,290
Operating Segments | Independent Living        
Segment Reporting [Line Items]        
Total revenue 119,786 158,135 240,116 315,252
Community labor expenses: 44,134 60,114 87,525 118,398
Other facility operating expenses 33,824 44,423 67,551 89,024
Total segment operating income 41,828 53,598 85,040 107,830
Capital expenditures: 10,156 12,571 22,575 22,841
Operating Segments | Assisted Living and Memory Care        
Segment Reporting [Line Items]        
Total revenue 516,589 531,318 1,039,777 1,064,697
Community labor expenses: 243,735 259,234 487,391 511,944
Other facility operating expenses 127,078 129,377 256,294 260,493
Total segment operating income 145,776 142,707 296,092 292,260
Capital expenditures: 28,537 32,134 60,233 58,660
Operating Segments | CCRCs        
Segment Reporting [Line Items]        
Total revenue 72,107 86,161 151,045 173,119
Community labor expenses: 36,263 46,231 76,723 92,524
Other facility operating expenses 18,421 22,938 39,441 46,921
Total segment operating income 17,423 16,992 34,881 33,674
Capital expenditures: 2,485 4,844 7,600 8,306
Operating Segments | All Other        
Segment Reporting [Line Items]        
Total revenue 10,101 37,330 52,501 73,740
Total segment operating income 742 2,623 6,115 5,243
Capital expenditures: $ 6,262 $ 8,592 $ 10,187 $ 11,483