SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

21. 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,
	2020			2019
STATEMENT OF OPERATIONS DATA:
Cemetery Operations(1):
Revenues	$	237,886		$	216,622
Operating costs and expenses		(196,411	)		(201,456	)
Depreciation and amortization		(6,474	)		(7,122	)
Segment operating profit	$	35,001		$	8,044
Funeral Home Operations:
Revenues		41,653			40,620
Operating costs and expenses		(34,789	)		(34,540	)
Depreciation and amortization		(1,824	)		(2,046	)
Segment operating profit	$	5,040		$	4,034
Reconciliation of segment operating profit to net loss from continuing operations:
Cemetery Operations		35,001			8,044
Funeral Home Operations		5,040			4,034
Total segment profit		40,041			12,078
Corporate overhead		(35,975	)		(51,107	)
Corporate depreciation and amortization		(854	)		(986	)
Other gains (losses), net		129			(7,913	)
Loss on debt extinguishment		—			(8,478	)
Loss on impairment of goodwill		—			(24,862	)
Interest expense		(45,537	)		(45,246	)
Income tax benefit (expense)		4,855			(28,204	)
Net loss from continuing operations	$	(37,341	)	$	(154,718	)
CASH FLOW DATA:
Capital expenditures:
Cemetery Operations	$	4,891		$	4,871
Funeral Home Operations		132			1,432
Corporate		1,337			115
Total capital expenditures	$	6,360		$	6,418

(1) Segment operating profit for Cemetery Operations for the year ended December 31, 2019 excludes the loss on impairment of goodwill recognized by the Company in 2019.

	December 31, 2020		December 31, 2019
BALANCE SHEET DATA:
Assets:
Cemetery Operations	$	1,445,217	$	1,504,463
Funeral Home Operations		130,687		148,310
Corporate		59,059		66,595
Total assets	$	1,634,963	$	1,719,368
Assets held for sale:
Cemetery Operations	$	23,500	$	112,975
Funeral Home Operations		5,075		23,720
Total assets held for sale	$	28,575	$	136,695