SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

23. 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,
	2019			2018
STATEMENT OF OPERATIONS DATA:
Cemetery Operations(1):
Revenues	$	237,887		$	261,935
Operating costs and expenses		(218,091	)		(238,974	)
Depreciation and amortization		(7,420	)		(8,037	)
Segment operating profit	$	12,376		$	14,924
Funeral Home Operations:
Revenues		51,635			54,191
Operating costs and expenses		(43,315	)		(44,525	)
Depreciation and amortization		(2,376	)		(2,744	)
Segment operating profit	$	5,944		$	6,922
Reconciliation of segment operating profit to net loss:
Cemetery Operations		12,376			14,924
Funeral Home Operations		5,944			6,922
Total segment profit		18,320			21,846
Corporate overhead		(51,107	)		(53,281	)
Corporate depreciation and amortization		(986	)		(955	)
Other losses, net		(8,106	)		(11,504	)
Loss on debt extinguishment		(8,478	)		—
Loss on impairment of goodwill		(24,862	)		—
Interest expense		(48,519	)		(30,602	)
Income tax (expense) benefit		(28,204	)		1,797
Net loss	$	(151,942	)	$	(72,699	)
Exit and disposal activities
Cemetery Operations	$	935		$	—
Funeral Home Operations		25			—
Corporate		583			—
Total exit and disposal activities	$	1,543		$	—
CASH FLOW DATA:
Capital expenditures:
Cemetery Operations	$	4,871		$	9,025
Funeral Home Operations		1,431			2,839
Corporate		115			308
Total capital expenditures	$	6,418		$	12,172

(1) Segment operating profit for Cemetery Operations for the year ended December31, 2019 excludes the loss on impairment of goodwill recognized by the Company in 2019.

	December 31, 2019		December 31, 2018
BALANCE SHEET DATA:
Assets:
Cemetery Operations	$	1,504,463	$	1,509,947
Funeral Home Operations		148,310		136,064
Corporate		66,595		24,370
Total assets	$	1,719,368	$	1,670,381
Goodwill:
Cemetery Operations	$	—	$	24,862
Assets held for sale:
Cemetery Operations	$	20,819	$	349
Funeral Home Operations		3,039		408
Total assets held for sale	$	23,858	$	757
Disposed assets:
Cemetery Operations	$	—	$	18
Funeral Home Operations		110		586
Total disposed assets	$	110	$	604