Segment Reporting Level 1 (Notes)

6 Months Ended

Jun. 30, 2023

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,
	2023		2022		2023		2022
	(In thousands)
Revenue from customers:
Funeral revenue:
Atneed revenue	$	288,616	$	285,991	$	601,856	$	639,360
Matured preneed revenue	175,697		165,768		361,406		360,695
Core funeral revenue	464,313		451,759		963,262		1,000,055
Non-funeral home revenue	20,493		17,734		41,702		38,544
Recognized preneed revenue	40,505		42,570		86,931		85,692
Other revenue	40,063		36,749		83,188		73,618
Total funeral revenue	565,374		548,812		1,175,083		1,197,909
Cemetery revenue:
Atneed revenue	107,962		109,404		218,236		232,793
Recognized preneed property revenue	219,671		218,028		411,400		439,567
Recognized preneed merchandise and services revenue	89,856		84,828		176,016		169,828
Core cemetery revenue	417,489		412,260		805,652		842,188
Other revenue	30,551		29,783		61,388		63,161
Total cemetery revenue	448,040		442,043		867,040		905,349
Total revenue from customers	$	1,013,414	$	990,855	$	2,042,123	$	2,103,258
Gross profit:
Funeral gross profit	$	115,537	$	116,629	$	265,003	$	312,612
Cemetery gross profit	145,931		150,016		285,559		330,946
Gross profit from reportable segments	261,468		266,645		550,562		643,558
Corporate general and administrative expenses	(34,921)		(45,721)		(79,081)		(87,425)
Gains on divestitures and impairment charges, net	6,954		294		7,645		783
Operating income	233,501		221,218		479,126		556,916
Interest expense	(59,476)		(40,571)		(113,392)		(79,599)
Losses on early extinguishment of debt	(54)		(1,225)		(1,114)		(1,225)
Other income (expense), net	1,310		(1,103)		2,519		(975)
Income before income taxes	$	175,281	$	178,319	$	367,139	$	475,117

Our geographic area information was as follows:

	United States		Canada		Total
	(In thousands)
Three months ended June 30,
Revenue from external customers:
2023	$	956,817	$	56,597	$	1,013,414
2022	$	931,617	$	59,238	$	990,855
Six months ended June 30,
Revenue from external customers:
2023	$	1,928,326	$	113,797	$	2,042,123
2022	$	1,982,237	$	121,021	$	2,103,258