DISCONTINUED OPERATIONS

Effective January 1, 2015, we adopted the FASB's new guidance for reporting discontinued operations. In April 2014, the FASB amended the definition of “discontinued operations” to include only disposals or held-for-sale classifications for components or groups of components of an entity that represent a strategic shift that either has or will have a major effect on an entity's operations or financial results. Examples of a strategic shift that has or will have a major effect on an entity's operations and financial results include a disposal of a major geographical area, line of business, equity method of investment or other parts of an entity. The new guidance also requires the disclosure of pre-tax income of disposals that do not qualify as discontinued operations.

We continually review locations to optimize the sustainable earning power and return on our invested capital. These reviews could entail selling certain non-strategic businesses.

We had no divestitures of any of our funeral home or cemetery businesses in 2015. During 2014, we sold a cemetery in Florida and two funeral homes, one in Ohio and one in Kentucky. In 2013, we sold seven funeral homes, one in California, one in Ohio, one in Kentucky and four in Kansas and sold one cemetery in Virginia.

The operating results of discontinued businesses, as well as any impairments and net gains on the disposals, which is presented within discontinued operations on our Consolidated Statements of Operations, along with the income tax effect, were as follows (in thousands):



	Year Ended December 31,
	2013			2014			2015
Revenues	$	4,164		$	817		$	—

Operating income	729			235			—
Impairment	(100		)	(1,180		)	—
Net gain on disposal	6,091			1,594			—
Income tax provision	(2,544		)	(257		)	—
Income from discontinued operations, net of tax	$	4,176		$	392		$	—