Note 14 - Segment Reporting
|9 Months Ended|
Sep. 30, 2018
|Notes to Financial Statements|
|Segment Reporting Disclosure [Text Block]||
An operating segment is defined as a component of an enterprise for which discrete financial information is available and is reviewed regularly by the Chief Operating Decision Maker (“CODM”) to evaluate performance and make operating decisions. The Company has identified its CODM as the Chief Executive Officer.
The Company has
twooperating business segments. The Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics. As of
September 30, 2018,the Company operated or managed
48clinics under this segment. The Franchise Operations segment is comprised of the operating activities of the franchise business unit. As of
September 30, 2018,the franchise system consisted of
374clinics in operation. Corporate is a non-operating segment that develops and implements strategic initiatives and supports the Company’s
twooperating business segments by centralizing key administrative functions such as finance and treasury, information technology, insurance and risk management, legal and human resources. Corporate also provides the necessary administrative functions to support the Company as a publicly-traded company. A portion of the expenses incurred by Corporate are allocated to the operating segments.
The tables below present financial information for the Company’s
twooperating business segments (in thousands). The prior period comparatives have been adjusted to reflect the changes from ASC
September 30, 2017,
$418,000of loss on disposition/impairment has been reclassified from unallocated corporate to the corporate clinic segment operating loss to align with current year presentation.
“Unallocated cash and cash equivalents and restricted cash” relates primarily to corporate cash and cash equivalents and restricted cash (see Note
1), “unallocated property and equipment” relates primarily to corporate fixed assets, and “other unallocated assets” relates primarily to deposits, prepaid and other assets.
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef