Segment Reporting Level 1 (Notes)

3 Months Ended

Mar. 31, 2025

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 Chief Operating Decision Maker (CODM) is our Chief Executive Officer, who is responsible for making key operating, finance, and capital allocation decisions and specifically uses segment gross profit to aid in the decision making and to assess the performance of the operating segments.

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 March 31,
	2025		2024
	(In thousands)
Revenue from customers:
Funeral revenue:
Atneed revenue	$	329,071	$	315,377
Matured preneed revenue	205,842		190,148
Core funeral revenue	534,913		505,525
Non-funeral home revenue	27,608		23,683
Non-funeral home preneed sales revenue	22,200		29,075
Core general agency and other revenue	54,773		46,450
Total funeral revenue	$	639,494	$	604,733
Direct cost	(92,778)		(91,970)
Selling compensation	(46,731)		(44,106)
Salaries & fringe expense	(166,280)		(161,457)
Facility expenses	(68,304)		(63,866)
Other costs and overhead	(111,423)		(111,460)
Total funeral expense	$	(485,516)	$	(472,859)
Funeral gross profit	$	153,978	$	131,874
Cemetery revenue:
Atneed revenue	$	112,302	$	109,728
Recognized preneed property revenue	188,660		199,726
Recognized preneed merchandise and services revenue	98,470		98,280
Core cemetery revenue	399,432		407,734
Other revenue	35,241		32,915
Total cemetery revenue	$	434,673	$	440,649
Direct cost	(58,757)		(62,011)
Selling compensation	(80,668)		(80,132)
Maintenance expense	(63,056)		(61,398)
Other costs and overhead	(94,753)		(94,769)
Total cemetery expense	$	(297,234)	$	(298,310)
Cemetery gross profit	$	137,439	$	142,339
Total revenue from customers	$	1,074,167	$	1,045,382
Total segment expenses	(782,750)		(771,169)
Gross profit from reportable segments	$	291,417	$	274,213
Corporate general and administrative expenses	(44,701)		(41,325)
Gains (losses) on divestitures and impairment charges, net	4,971		(684)
Operating income	$	251,687	$	232,204
Interest expense	(61,483)		(64,352)
Other income, net	3,152		2,462
Income before income taxes	$	193,356	$	170,314

Our geographic area information was as follows:

	United States		Canada		Total
	(In thousands)
Three months ended March 31,
Revenue from external customers:
2025	$	1,020,407	$	53,760	$	1,074,167
2024	$	988,456	$	56,926	$	1,045,382