DIVESTED OPERATIONS

9 Months Ended

Sep. 30, 2020

Discontinued Operations and Disposal Groups [Abstract]

DIVESTED OPERATIONS

DIVESTED OPERATIONS

During the three months ended September 30, 2020, we sold six funeral homes for $7.3 million. During 2019, we ceased to operate a funeral home whose lease expired and sold a funeral home for $0.9 million. In addition, we merged a funeral home in an existing market.

The operating results of these divested funeral homes are reflected in our Consolidated Statements of Operations as shown in the table below (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2019		2020		2019		2020
Revenue	$	108	$	144	$	471	$	1,829
Operating income (loss)	(31)		(112)		4		70
Net loss on divestitures(1)	(3,863)		(4,917)		(3,874)		(4,917)
Income tax benefit	1,149		1,710		1,211		1,638
Net loss from divested operations, after tax	$	(2,745)	$	(3,319)	$	(2,659)	$	(3,209)

(1) Net loss on divestitures is recorded in Net loss on divestitures and impairment charges on our Consolidated Statements of Operations.