Segment Reporting (Notes)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Reporting

Our operations are both product-based and geographically-based, and the reportable operating segments presented below include our funeral and cemetery operations. Our geographic areas include the United States and Canada, where we conduct both funeral and cemetery operations.

Our reportable segment information is as follows:

	Funeral		Cemetery		Reportable Segments
	(In thousands)
Three months ended September 30,
Revenue from external customers:
2017	$	437,529	$	293,817	$	731,346
2016	$	445,501	$	275,966	$	721,467
Operating profit:
2017	$	70,118	$	79,584	$	149,702
2016	$	74,543	$	66,202	$	140,745
Nine Months Ended September 30,
Revenue from external customers:
2017	$	1,395,167	$	887,131	$	2,282,298
2016	$	1,404,794	$	817,289	$	2,222,083
Operating profit:
2017	$	274,802	$	235,510	$	510,312
2016	$	271,186	$	194,472	$	465,658

The following table reconciles operating profit from reportable segments to our consolidated income before income taxes:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2017			2016			2017			2016
Operating profit from reportable segments	$	149,702		$	140,745		$	510,312		$	465,658
General and administrative expenses	(39,213		)	(26,916		)	(122,307		)	(102,668		)
(Losses) gains on divestitures and impairment charges, net	(143		)	557			5,545			(30,432		)
Hurricane expense, net	(1,290		)	—			(1,290		)	—
Operating income	109,056			114,386			392,260			332,558
Interest expense	(42,754		)	(39,508		)	(125,473		)	(121,988		)
Loss on early extinguishment of debt	—			(25		)	—			(22,503		)
Other expense, net	276			110			(165		)	(697		)
Income before income taxes	$	66,578		$	74,963		$	266,622		$	187,370

Our geographic area information is as follows:

	United States		Canada		Total
			(In thousands)
Three months ended September 30,
Revenue from external customers:
2017	$	685,186	$	46,160	$	731,346
2016	$	681,769	$	39,698	$	721,467
Nine Months Ended September 30,
Revenue from external customers:
2017	$	2,140,796	$	141,502	$	2,282,298
2016	$	2,098,091	$	123,992	$	2,222,083