Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Revenue, pre-tax income and total assets by segments

The tables below present revenue, disaggregated by major source for each of our reportable segments, as well as, significant segment expenses, other segment expenses, operating income (loss), depreciation and amortization, interest expense, income (loss) before income taxes, income tax expense (benefit), total assets, long-lived assets, goodwill, capital expenditures and number of operating locations by segment as follows, (in thousands, except number of operating locations) for the years ended December 31, 2025, 2024, and 2023, respectively:


Year Ended, December 31, 2025	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	171,118	$	20,160	$	—	$	191,278
Merchandise	76,649		17,100		—		93,749
Cemetery property	—		94,754		—		94,754
Other revenue	21,445		16,214		—		37,659
Total revenue	269,212		148,228		—		417,440

Less:
Salaries, benefits, and commission expenses	70,414		42,147		—		112,561
Cost of merchandise	21,160		8,194		—		29,354
Allocated overhead costs(1)	12,658		5,127		—		17,785
Facilities and grounds expenses	11,316		6,204		—		17,520
General and administrative expenses(2)	11,176		3,840		—		15,016
Other segment expenses(3)	57,744		21,155		48,648		127,547
Operating income (loss)	$	84,744	$	61,561	$	(48,648)	$	97,657

Interest expense	$	1,318	$	17	$	27,030	$	28,365

Depreciation and amortization	$	11,252	$	11,303	$	1,952	$	24,507

Income (loss) before income taxes	$	85,874	$	64,413	$	(80,024)	$	70,263

Income tax expense (benefit)	$	22,924	$	17,195	$	(21,363)	$	18,756

Total assets	$	786,968	$	534,403	$	24,534	$	1,345,905

Long-lived assets	$	634,568	$	228,898	$	10,816	$	874,282

Goodwill	$	355,752	$	72,145	$	—	$	427,897

Capital expenditures	$	3,826	$	13,600	$	3,202	$	20,628

Number of operating locations at year end	155		28		—		183


(1) Allocated overhead costs include: property insurance costs, property tax expenses, and corporate overhead fees allocated to the field, such as information technology, human resources, legal, and finance.
(2) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses, and office supplies.
(3) The Corporate segment’s other segment expenses primarily include general, administrative, and other expenses, net loss on divestitures and impairment charges and amortization and depreciation expenses. The Funeral and Cemetery segment's other segment expenses primarily include transportation costs, other funeral costs, non-payroll related promotional costs, net loss on divestitures and impairment charges, and amortization and depreciation expenses.


Year Ended December 31, 2024	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	163,696	$	19,355	$	—	$	183,051
Merchandise	81,036		17,482		—		98,518
Cemetery property	—		88,414		—		88,414
Other revenue	18,382		15,833		—		34,215
Total revenue	263,114		141,084		—		404,198

Less:
Salaries, benefits, and commission expenses	69,552		37,958		—		107,510
Cost of merchandise	27,831		8,058		—		35,889
Allocated overhead costs(1)	13,135		4,883		—		18,018
Facilities and grounds expenses	10,561		6,527		—		17,088
General and administrative expenses(2)	10,324		3,616		—		13,940
Other segment expenses(3)	47,454		23,459		59,041		129,954
Operating income (loss)	$	84,257	$	56,583	$	(59,041)	$	81,799

Interest expense	$	947	$	27	$	31,101	$	32,075

Depreciation and amortization	$	11,736	$	10,161	$	993	$	22,890

Income (loss) before income taxes	$	83,945	$	56,933	$	(90,798)	$	50,080

Income tax expense (benefit)	$	28,709	$	19,471	$	(31,053)	$	17,127

Total assets	$	781,006	$	477,487	$	21,087	$	1,279,580

Long-lived assets	$	628,681	$	207,427	$	10,232	$	846,340

Goodwill	$	356,869	$	57,990	$	—	$	414,859

Capital expenditures	$	5,724	$	8,814	$	1,560	$	16,098

Number of operating locations at year end	162		31		—		193


(1) Allocated overhead costs include: property insurance costs, property tax expenses, and corporate overhead fees allocated to the field, such as information technology, human resources, legal, and finance.
(2) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses, and office supplies.
(3) The Corporate segment’s other segment expenses primarily include general, administrative, and other expenses, net loss on divestitures and impairment charges and amortization and depreciation expenses. The Funeral and Cemetery segment's other segment expenses primarily include transportation costs, other funeral costs, non-payroll related promotional costs, net loss on divestitures and impairment charges, and amortization and depreciation expenses.


Year Ended December 31, 2023	Funeral	Cemetery	Corporate	Total
Revenue
Services	163,600	18,566	—	182,166
Merchandise	85,795	16,385	—	102,180
Cemetery property	—	67,310	—	67,310
Other revenue	15,381	15,483	—	30,864
Total revenue	264,776	117,744	—	382,520

Less:
Salaries, benefits and commission expenses	72,210	33,962	—	106,172
Cost of merchandise	29,387	7,445	—	36,832
Allocated overhead costs(1)	12,767	4,147	—	16,914
Facilities and grounds expenses	10,063	5,578	—	15,641
General and administrative expenses(2)	10,301	3,253	—	13,554
Other segment expenses(3)	48,742	21,436	42,250	112,428
Operating income (loss)	81,306	41,923	(42,250)	80,979

Interest expense	783	8	35,475	36,266

Depreciation and amortization	12,197	8,008	912	21,117

Income (loss) before income taxes	82,453	42,208	(78,232)	46,429

Income tax expense (benefit)	23,115	11,833	(21,932)	13,016

Total assets	802,368	448,018	17,666	1,268,052

Long-lived assets	648,253	209,401	5,732	863,386

Goodwill	364,639	59,004	—	423,643

Capital expenditures	7,483	10,061	495	18,039

Number of operating locations at year end	171	32	—	203


(1) Allocated overhead costs include: property insurance costs, property tax expenses and corporate overhead fees allocated to the field, such as information technology, human resources, legal, and finance.
(2) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses, and office supplies.
(3) The Corporate segment's other segment expenses primarily include general, administrative, and other expenses, net loss on divestitures, disposals, and impairment charges and amortization and depreciation expenses. The Funeral and Cemetery segment's other segment expenses primarily include transportation costs, other funeral costs, non-payroll related promotional costs, net loss on divestitures and impairment charges, and amortization and depreciation expenses.