Segment Reporting Level 1 (Notes)

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024		2023
	(In thousands)
Revenue from customers:
Funeral revenue:
Atneed revenue	$	315,377	$	313,240
Matured preneed revenue	190,148		185,709
Core funeral revenue	505,525		498,949
Non-funeral home revenue	23,683		21,209
Non-funeral home preneed sales revenue	29,075		41,242
Core general agency and other revenue	46,450		48,309
Total funeral revenue	604,733		609,709
Cemetery revenue:
Atneed revenue	109,728		110,274
Recognized preneed property revenue	199,726		191,729
Recognized preneed merchandise and services revenue	98,280		86,160
Core cemetery revenue	407,734		388,163
Other revenue	32,915		30,837
Total cemetery revenue	440,649		419,000
Total revenue from customers	$	1,045,382	$	1,028,709
Gross profit:
Funeral gross profit	$	131,874	$	149,466
Cemetery gross profit	142,339		139,628
Gross profit from reportable segments	274,213		289,094
Corporate general and administrative expenses	(41,325)		(44,160)
(Losses) gains on divestitures and impairment charges, net	(684)		691
Operating income	232,204		245,625
Interest expense	(64,352)		(53,916)
Losses on early extinguishment of debt	—		(1,060)
Other income, net	2,462		1,209
Income before income taxes	$	170,314	$	191,858

Our geographic area information was as follows:

	United States		Canada		Total
	(In thousands)
Three months ended March 31,
Revenue from external customers:
2024	$	988,456	$	56,926	$	1,045,382
2023	$	971,509	$	57,200	$	1,028,709