SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2022

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 June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
STATEMENT OF OPERATIONS DATA:
Cemetery Operations:
Revenues	$	70,454		$	72,128		$	139,951		$	139,108
Operating costs and expenses		(63,692	)		(55,951	)		(123,736	)		(109,696	)
Depreciation and amortization		(1,423	)		(1,505	)		(2,857	)		(3,081	)
Segment operating profit	$	5,339		$	14,672		$	13,358		$	26,331
Funeral Home Operations:
Revenues	$	9,593		$	10,853		$	21,073		$	22,186
Operating costs and expenses		(9,274	)		(9,194	)		(19,049	)		(18,535	)
Depreciation and amortization		(434	)		(423	)		(866	)		(854	)
Segment operating profit	$	(115	)	$	1,236		$	1,158		$	2,797
Reconciliation of segment operating profit to net loss from continuing operations:
Cemetery Operations	$	5,339		$	14,672		$	13,358		$	26,331
Funeral Home Operations		(115	)		1,236			1,158			2,797
Total segment profit		5,224			15,908			14,516			29,128
Corporate overhead		(12,806	)		(9,534	)		(24,619	)		(19,075	)
Corporate depreciation and amortization		(161	)		(99	)		(356	)		(194	)
Loss on sale of businesses and other impairments		(43	)		(2,220	)		(43	)		(2,220	)
Other (losses) gains		(15	)		69			(15	)		69
Interest expense		(9,279	)		(9,977	)		(18,565	)		(20,450	)
Loss on debt extinguishment		—			(40,128	)		—			(40,128	)
Income tax (expense) benefit		(181	)		9,736			(413	)		11,412
Net loss from continuing operations	$	(17,261	)	$	(36,245	)	$	(29,495	)	$	(41,458	)
CASH FLOW DATA:
Capital expenditures:
Cemetery Operations	$	3,019		$	1,345		$	4,963		$	3,058
Funeral Home Operations		497			35			1,090			96
Corporate		26			207			91			207
Total capital expenditures	$	3,542		$	1,587		$	6,144		$	3,361

	June 30, 2022		December 31, 2021
BALANCE SHEET DATA:
Assets:
Cemetery Operations	$	1,564,546	$	1,506,504
Funeral Home Operations		132,364		128,590
Corporate		101,125		106,050
Total assets	$	1,798,035	$	1,741,144
Goodwill:
Cemetery Operations	$	5,444	$	—
Funeral Home Operations		1,330		—
Total goodwill	$	6,774	$	—