MAJOR SEGMENTS OF BUSINESS |
SEGMENT REPORTING We conduct funeral and cemetery operations only in the United States. Revenue, disaggregated by major source for each of our reportable segments was as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | Year Ended, December 31, 2020 | | | | | | | | | Funeral | | Cemetery | | Total | Services | | $ | 150,283 | | | $ | 14,701 | | | $ | 164,984 | | Merchandise | | 84,787 | | | 10,778 | | | 95,565 | | Cemetery property | | — | | | 44,065 | | | 44,065 | | Other revenue | | 14,068 | | | 10,766 | | | 24,834 | | Total | | $ | 249,138 | | | $ | 80,310 | | | $ | 329,448 | |
| | | | | | | | | | | | | | | | | | | | | Year Ended, December 31, 2019 | | | | | | | | | Funeral | | Cemetery | | Total | Services | | $ | 131,636 | | | $ | 10,918 | | | $ | 142,554 | | Merchandise | | 75,682 | | | 7,665 | | | 83,347 | | Cemetery property | | — | | | 31,167 | | | 31,167 | | Other revenue | | 9,550 | | | 7,489 | | | 17,039 | | Total | | $ | 216,868 | | | $ | 57,239 | | | $ | 274,107 | |
| | | | | | | | | | | | | | | | | | | | | Year Ended, December 31, 2018 | | | | | | | | | Funeral | | Cemetery | | Total | Services | | $ | 127,262 | | | $ | 11,342 | | | $ | 138,604 | | Merchandise | | 74,644 | | | 8,158 | | | 82,802 | | Cemetery property | | — | | | 29,451 | | | 29,451 | | Other revenue | | 8,819 | | | 8,316 | | | 17,135 | | Total | | $ | 210,725 | | | $ | 57,267 | | | $ | 267,992 | |
The following table presents operating income (loss), income (loss) before income taxes, depreciation and amortization, interest expense, income tax expense (benefit), total assets, long-lived assets, capital expenditures and number of operating locations by segment (in thousands, except number of operating locations): | | | | | | | | | | | | | | | | | | | | | | | | | Funeral | | Cemetery | | Corporate | | Consolidated | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Operating income (loss): | | | | | | | | 2020 | $ | 57,622 | | | $ | 26,859 | | | $ | (27,254) | | | $ | 57,227 | | 2019 | 58,756 | | | 15,983 | | | (27,296) | | | 47,443 | | 2018 | 60,035 | | | 14,717 | | | (32,640) | | | 42,112 | | Income (loss) before income taxes: | | | | | | | | 2020 | $ | 56,875 | | | $ | 27,087 | | | $ | (59,320) | | | $ | 24,642 | | 2019 | 58,844 | | | 16,025 | | | (52,453) | | | 22,416 | | 2018 | 58,896 | | | 15,108 | | | (55,738) | | | 18,266 | | Depreciation and amortization: | | | | | | | | 2020 | $ | 11,586 | | | $ | 6,376 | | | $ | 1,427 | | | $ | 19,389 | | 2019 | 11,128 | | | 5,227 | | | 1,416 | | | 17,771 | | 2018 | 10,726 | | | 4,891 | | | 1,813 | | | 17,430 | | Interest expense: | | | | | | | | 2020 | $ | 1,004 | | | $ | 13 | | | $ | 31,498 | | | $ | 32,515 | | 2019 | 1,142 | | | — | | | 24,380 | | | 25,522 | | 2018 | 1,339 | | | — | | | 19,770 | | | 21,109 | | Income tax expense (benefit): | | | | | | | | 2020 | $ | 19,738 | | | $ | 9,401 | | | $ | (20,587) | | | $ | 8,552 | | 2019 | 20,694 | | | 5,635 | | | (18,446) | | | 7,883 | | 2018 | 21,349 | | | 5,476 | | | (20,204) | | | 6,621 | | Total assets: | | | | | | | | 2020 | $ | 764,535 | | | $ | 366,964 | | | $ | 14,326 | | | $ | 1,145,825 | | 2019 | 790,459 | | | 314,413 | | | 24,883 | | | 1,129,755 | | 2018 | 686,470 | | | 226,475 | | | 4,557 | | | 917,502 | | Long-lived assets: | | | | | | | | 2020 | $ | 619,588 | | | $ | 172,122 | | | $ | 995 | | | $ | 792,705 | | 2019 | 650,179 | | | 145,158 | | | 1,303 | | | 796,640 | | 2018 | 572,916 | | | 89,654 | | | 1,538 | | | 664,108 | | Capital expenditures: | | | | | | | | 2020 | $ | 6,997 | | | $ | 7,025 | | | $ | 1,176 | | | $ | 15,198 | | 2019 | 8,403 | | | 5,772 | | | 1,204 | | | 15,379 | | 2018 | 8,296 | | | 3,989 | | | 1,241 | | | 13,526 | | Number of operating locations at year end: | | | | | | | | 2020 | 178 | | 32 | | — | | | 210 | 2019 | 186 | | 31 | | — | | | 217 | 2018 | 182 | | 29 | | — | | | 211 |
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