Segment Reporting Level 1 (Notes)

9 Months Ended

Sep. 30, 2021

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, including disaggregated revenue, was as follows and includes a reconciliation of gross profit to our consolidated income before income taxes.

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
	(In thousands)
Revenue from customers:
Funeral revenue:
Atneed revenue	$	318,432	$	275,060	$	938,835	$	796,014
Matured preneed revenue	172,410		164,245		522,051		486,185
Core funeral revenue	490,842		439,305		1,460,886		1,282,199
Non-funeral home revenue	18,478		15,592		55,089		44,189
Recognized preneed revenue	45,552		32,744		120,414		93,207
Other revenue	37,417		30,993		107,041		84,882
Total funeral revenue	592,289		518,634		1,743,430		1,504,477
Cemetery revenue:
Atneed revenue	123,443		103,330		357,094		279,475
Recognized preneed property revenue	201,876		190,068		643,016		458,267
Recognized preneed merchandise and services revenue	84,989		80,948		258,525		219,456
Core cemetery revenue	410,308		374,346		1,258,635		957,198
Other revenue	31,775		25,261		97,823		79,566
Total cemetery revenue	442,083		399,607		1,356,458		1,036,764
Total revenue from customers	$	1,034,372	$	918,241	$	3,099,888	$	2,541,241
Gross profit:
Funeral gross profit	$	165,019	$	124,135	$	464,192	$	343,668
Cemetery gross profit	168,000		139,521		515,047		317,799
Gross profit from reportable segments	333,019		263,656		979,239		661,467
Corporate general and administrative expenses	(36,477)		(40,986)		(102,248)		(109,968)
Gains on divestitures and impairment charges, net	7,804		543		15,232		5,825
Operating income	304,346		223,213		892,223		557,324
Interest expense	(38,618)		(40,721)		(111,865)		(126,839)
Losses on early extinguishment of debt, net	—		(18,278)		(5,226)		(18,428)
Other income, net	8,218		629		9,214		548
Income before income taxes	$	273,946	$	164,843	$	784,346	$	412,605

Our geographic area information was as follows:

	United States		Canada		Total
	(In thousands)
Three months ended September 30,
Revenue from external customers:
2021	$	978,850	$	55,522	$	1,034,372
2020	$	878,723	$	39,518	$	918,241
Nine months ended September 30,
Revenue from external customers:
2021	$	2,932,464	$	167,424	$	3,099,888
2020	$	2,419,837	$	121,404	$	2,541,241