SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

16. SEGMENT INFORMATION

Management operates the Partnership’s in two reportable operating segments: Cemetery Operations and Funeral Home Operations. These operating segments reflect the way the Partnership manages its operations and makes business decisions. Management evaluates the performance of these operating segments based on interments performed, interment rights sold, pre-need cemetery and at-need cemetery contracts written, revenue and segment profit (loss). As a percentage of revenue and assets, the Partnership’s major operations consist of its cemetery operations.

The following tables present financial information with respect to the Partnership’s segments (in thousands). Corporate costs represent those not directly associated with an operating segment, such as corporate overhead, interest expense and income taxes. Corporate assets primarily consist of cash and cash equivalents and restricted cash.

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
STATEMENT OF OPERATIONS DATA:
Cemetery Operations:
Revenues	$	65,628		$	67,680		$	123,538		$	129,923
Operating costs and expenses		(58,934	)		(61,422	)		(112,096	)		(119,485	)
Depreciation and amortization		(1,920	)		(2,111	)		(3,882	)		(4,185	)
Segment operating profit	$	4,774		$	4,147		$	7,560		$	6,253
Funeral Home Operations:
Revenues	$	12,867		$	13,891		$	26,426		$	29,593
Operating costs and expenses		(10,467	)		(10,651	)		(21,967	)		(23,687	)
Depreciation and amortization		(598	)		(701	)		(1,186	)		(1,414	)
Segment operating profit	$	1,802		$	2,539		$	3,273		$	4,492
Reconciliation of segment operating profit to net loss:
Cemetery Operations	$	4,774		$	4,147		$	7,560		$	6,253
Funeral Home Operations		1,802			2,539			3,273			4,492
Total segment profit		6,576			6,686			10,833			10,745
Corporate overhead		(13,137	)		(15,165	)		(26,550	)		(26,992	)
Corporate depreciation and amortization		(198	)		(259	)		(405	)		(517	)
Other losses, net		(3,429	)		—			(3,429	)		(5,205	)
Loss on debt extinguishment		(8,478	)		—			(8,478	)		—
Interest expense		(9,346	)		(8,107	)		(22,517	)		(15,220	)
Income tax benefit (expense)		(6,386	)		(172	)		(6,386	)		2,249
Net loss	$	(34,398	)	$	(17,017	)	$	(56,932	)	$	(34,940	)
CASH FLOW DATA:
Capital expenditures:
Cemetery Operations	$	2,921		$	2,974		$	3,811		$	7,273
Funeral Home Operations		6			175			982			219
Corporate		8			108			45			134
Total capital expenditures	$	2,935		$	3,257		$	4,838		$	7,626

	June 30, 2019		December 31, 2018
BALANCE SHEET DATA:
Assets:
Cemetery Operations	$	1,542,402	$	1,508,667
Funeral Home Operations		143,132		136,064
Corporate		77,281		24,370
Total assets	$	1,762,815	$	1,669,101
Goodwill:
Cemetery Operations	$	24,862	$	24,862