SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

18.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.

	Year Ended December 31,
	2021			2020
STATEMENT OF OPERATIONS DATA:
Cemetery Operations:
Revenues	$	278,950		$	237,886
Operating costs and expenses		(229,190	)		(196,411	)
Depreciation and amortization		(5,997	)		(6,474	)
Segment operating profit	$	43,763		$	35,001
Funeral Home Operations:
Revenues		43,892			41,653
Operating costs and expenses		(38,542	)		(34,789	)
Depreciation and amortization		(1,686	)		(1,824	)
Segment operating profit	$	3,664		$	5,040
Reconciliation of segment operating profit to net loss from continuing operations:
Cemetery Operations		43,763			35,001
Funeral Home Operations		3,664			5,040
Total segment profit		47,427			40,041
Corporate overhead		(39,930	)		(35,975	)
Corporate depreciation and amortization		(399	)		(854	)
Loss on sale of business and other impairments		(2,307	)		—
Other (losses) gains, net		(1,016	)		129
Loss on debt extinguishment		(40,128	)		—
Interest expense		(38,974	)		(45,537	)
Income tax benefit		18,370			4,855
Net loss from continuing operations	$	(56,957	)	$	(37,341	)
CASH FLOW DATA:
Capital expenditures:
Cemetery Operations	$	8,605		$	4,891
Funeral Home Operations		2,138			132
Corporate		1,252			1,337
Total capital expenditures	$	11,995		$	6,360

	December 31, 2021		December 31, 2020
BALANCE SHEET DATA:
Assets:
Cemetery Operations	$	1,506,504	$	1,445,217
Funeral Home Operations		128,590		130,687
Corporate		106,050		59,059
Total assets	$	1,741,144	$	1,634,963
Assets held for sale:
Cemetery Operations	$	—	$	23,500
Funeral Home Operations		—		5,075
Total assets held for sale	$	—	$	28,575