SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

14.SEGMENT INFORMATION

Management operates the Company in two reportable operating segments: Cemetery Operations and Funeral Home Operations. These operating segments reflect the way the Company 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 Company’s major operations consist of its cemetery operations.

The following tables present financial information with respect to the Company’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 September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
STATEMENT OF OPERATIONS DATA:
Cemetery Operations:
Revenues	$	70,814		$	62,020		$	209,922		$	173,680
Operating costs and expenses		(55,294	)		(48,968	)		(164,990	)		(144,730	)
Depreciation and amortization		(1,471	)		(1,556	)		(4,552	)		(4,815	)
Segment operating profit	$	14,049		$	11,496		$	40,380		$	24,135
Funeral Home Operations:
Revenues	$	11,481		$	10,693		$	33,667		$	30,736
Operating costs and expenses		(10,085	)		(9,148	)		(28,620	)		(25,917	)
Depreciation and amortization		(419	)		(453	)		(1,273	)		(1,359	)
Segment operating profit	$	977		$	1,092		$	3,774		$	3,460
Reconciliation of segment operating profit to net loss from continuing operations:
Cemetery Operations	$	14,049		$	11,496		$	40,380		$	24,135
Funeral Home Operations		977			1,092			3,774			3,460
Total segment profit		15,026			12,588			44,154			27,595
Corporate overhead		(9,983	)		(9,762	)		(29,058	)		(27,019	)
Corporate depreciation and amortization		(99	)		(235	)		(293	)		(677	)
Loss on sale of business and other impairments		(70	)		—			(2,290	)		—
Other losses, net		(605	)		—			(536	)		—
Interest expense		(9,256	)		(11,870	)		(29,706	)		(34,952	)
Loss on debt extinguishment		—			—			(40,128	)		—
Income tax benefit		240			1,129			11,652			3,333
Net loss from continuing operations	$	(4,747	)	$	(8,150	)	$	(46,205	)	$	(31,720	)
CASH FLOW DATA:
Capital expenditures:
Cemetery Operations	$	2,135		$	806		$	5,193		$	3,351
Funeral Home Operations		71			78			167			95
Corporate		108			109			315			1,338
Total capital expenditures	$	2,314		$	993		$	5,675		$	4,784

	September 30, 2021		December 31, 2020
BALANCE SHEET DATA:
Assets:
Cemetery Operations	$	1,488,041	$	1,445,217
Funeral Home Operations		126,473		130,687
Corporate		122,397		59,059
Total assets	$	1,736,911	$	1,634,963
Assets held for sale:
Cemetery Operations	$	—	$	23,500
Funeral Home Operations		—		5,075
Total assets held for sale	$	—	$	28,575