Segment Reporting Level 1 (Notes)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Reporting

Our operations are both product-based and geographically-based, and the reportable operating segments presented below include our funeral and cemetery operations. Our geographic areas include the United States and Canada, where we conduct both funeral and cemetery operations.

Our reportable segment information, including disaggregated revenue, was as follows and includes a reconciliation of gross profit to our consolidated income before income taxes.

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(In thousands)
Revenue from customers:
Funeral revenue:
Atneed revenue	$	282,333	$	256,166	$	620,403	$	520,954
Matured preneed revenue	159,452		158,357		349,641		321,940
Core funeral revenue	441,785		414,523		970,044		842,894
Non-funeral home revenue	16,882		14,146		36,611		28,597
Recognized preneed revenue	33,113		27,663		74,862		60,463
Other revenue	39,923		24,615		69,624		53,889
Total funeral revenue	531,703		480,947		1,151,141		985,843
Cemetery revenue:
Atneed revenue	109,030		91,102		233,651		176,145
Recognized preneed property revenue	222,866		152,117		441,140		268,199
Recognized preneed merchandise and services revenue	87,718		69,844		173,536		138,508
Core cemetery revenue	419,614		313,063		848,327		582,852
Other revenue	36,218		26,025		66,048		54,305
Total cemetery revenue	455,832		339,088		914,375		637,157
Total revenue from customers	$	987,535	$	820,035	$	2,065,516	$	1,623,000
Gross profit:
Funeral gross profit	$	108,428	$	115,957	$	299,173	$	219,533
Cemetery gross profit	160,285		102,810		347,047		178,278
Gross profit from reportable segments	268,713		218,767		646,220		397,811
Corporate general and administrative expenses	(29,038)		(37,169)		(65,771)		(68,982)
Gains on divestitures and impairment charges, net	6,162		737		7,428		5,282
Operating income	245,837		182,335		587,877		334,111
Interest expense	(37,435)		(41,767)		(73,247)		(86,118)
Losses on early extinguishment of debt, net	(5,226)		(11)		(5,226)		(150)
Other income (expense), net	655		1,166		996		(81)
Income before income taxes	$	203,831	$	141,723	$	510,400	$	247,762

Our geographic area information was as follows:

	United States		Canada		Total
	(In thousands)
Three months ended June 30,
Revenue from external customers:
2021	$	933,644	$	53,891	$	987,535
2020	$	781,842	$	38,193	$	820,035
Six months ended June 30,
Revenue from external customers:
2021	$	1,953,614	$	111,902	$	2,065,516
2020	$	1,541,114	$	81,886	$	1,623,000