SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

14.SEGMENT INFORMATION

Management operates the Company in two reportable operating segments: Cemetery Operations and Funeral Home Operations. These operating segments reflect the way the Company manages its operations and makes business decisions. Management evaluates the performance of these operating segments based on interments performed, interment rights sold, pre-need cemetery and at-need cemetery contracts written, revenue and segment profit (loss). As a percentage of revenue and assets, the Company’s major operations consist of its cemetery operations.

The following tables present financial information with respect to the Company’s segments (in thousands). Corporate costs represent those not directly associated with an operating segment, such as corporate overhead, interest expense and income taxes. Corporate assets primarily consist of cash and cash equivalents and restricted cash.

	Three Months Ended March 31,
	2022			2021
STATEMENT OF OPERATIONS DATA:
Cemetery Operations:
Revenues	$	69,497		$	66,980
Operating costs and expenses		(60,044	)		(53,745	)
Depreciation and amortization		(1,434	)		(1,576	)
Segment operating profit	$	8,019		$	11,659
Funeral Home Operations:
Revenues	$	11,480		$	11,333
Operating costs and expenses		(9,775	)		(9,341	)
Depreciation and amortization		(432	)		(431	)
Segment operating profit	$	1,273		$	1,561
Reconciliation of segment operating profit to net loss from continuing operations:
Cemetery Operations	$	8,019		$	11,659
Funeral Home Operations		1,273			1,561
Total segment profit		9,292			13,220
Corporate overhead		(11,813	)		(9,541	)
Corporate depreciation and amortization		(195	)		(95	)
Interest expense		(9,286	)		(10,473	)
Income tax (expense) benefit		(232	)		1,676
Net loss from continuing operations	$	(12,234	)	$	(5,213	)
CASH FLOW DATA:
Capital expenditures:
Cemetery Operations	$	1,944		$	1,713
Funeral Home Operations		593			61
Corporate		65			—
Total capital expenditures	$	2,602		$	1,774

	March 31, 2022		December 31, 2021
BALANCE SHEET DATA:
Assets:
Cemetery Operations	$	1,537,603	$	1,506,504
Funeral Home Operations		130,082		128,590
Corporate		117,793		106,050
Total assets	$	1,785,478	$	1,741,144
Goodwill:
Cemetery Operations	$	4,838	$	—
Funeral Home Operations		357		—
Total goodwill	$	5,195	$	—