SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2020

16.	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 March 31,
	2020			2019
STATEMENT OF OPERATIONS DATA:
Cemetery Operations:
Revenues	$	58,066		$	57,910
Operating costs and expenses		(51,138	)		(53,162	)
Depreciation and amortization		(1,704	)		(1,962	)
Segment operating profit	$	5,224		$	2,786
Funeral Home Operations:
Revenues	$	13,179		$	13,559
Operating costs and expenses		(10,658	)		(11,500	)
Depreciation and amortization		(539	)		(588	)
Segment operating profit	$	1,982		$	1,471
Reconciliation of segment operating profit to net income (loss):
Cemetery Operations	$	5,224		$	2,786
Funeral Home Operations		1,982			1,471
Total segment profit		7,206			4,257
Corporate overhead		(8,501	)		(13,413	)
Corporate depreciation and amortization		(216	)		(207	)
Gain on sale of businesses		24,086			—
Interest expense		(12,284	)		(13,171	)
Income tax expense		(1,288	)		—
Net income (loss)	$	9,003		$	(22,534	)

CASH FLOW DATA:
Capital expenditures:
Cemetery Operations	$	1,188		$	890
Funeral Home Operations		10			976
Corporate		875			37
Total capital expenditures	$	2,073		$	1,903

	March 31, 2020		December 31, 2019
BALANCE SHEET DATA:
Assets:
Cemetery Operations	$	1,394,901	$	1,504,463
Funeral Home Operations		136,726		148,310
Corporate		56,792		66,595
Total assets	$	1,588,419	$	1,719,368
Assets held for sale:
Cemetery Operations	$	65,360	$	20,819
Funeral Home Operations		12,490		3,039
Total assets held for sale	$	77,850	$	23,858
Disposed assets:
Cemetery Operations	$	20,445	$	—
Funeral Home Operations		3,032		110
Total disposed assets	$	23,477	$	110