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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Revenue: |  |  |
Revenues | $ 274,107 | $ 267,992 | $ 258,139
Field costs and expenses: |  |  |
Cemetery property amortization | 3,985 | 3,602 | 3,350
Field depreciation expense | 12,370 | 12,015 | 11,024
Regional and unallocated funeral and cemetery costs | 13,827 | 12,749 | 13,339
Other expenses | 2,055 | 1,548 | 1,321
Total field costs and expenses | 194,522 | 192,045 | 181,340
Gross profit | 79,585 | 75,947 | 76,799
Corporate costs and expenses: |  |  |
General, administrative and other | 25,880 | 30,827 | 26,253
Home office depreciation and amortization | 1,416 | 1,813 | 1,605
Total corporate costs and expenses | 27,296 | 32,640 | 27,858
Operating income | 52,289 | 43,307 | 48,941
Interest expense | (25,522) | (21,109) | (12,948)
Accretion of discount on convertible subordinated notes | (241) | (2,192) | (4,329)
Loss on early extinguishment of debt, net | 0 | (502) | 0
Other, net | (4,110) | (1,238) | 1,118
Income before income taxes | 22,416 | 18,266 | 32,782
Provision for income taxes | (7,395) | (5,754) | (13,100)
Tax adjustment related to certain discrete items | (488) | (867) | 17,511
Total benefit (provision) for income taxes | (7,883) | (6,621) | 4,411
Net income | $ 14,533 | $ 11,645 | $ 37,193
Basic earnings per common share (in dollars per share) | $ 0.81 | $ 0.64 | $ 2.25
Diluted earnings per common share (in dollars per share) | 0.80 | 0.63 | 2.09
Dividends declared per share (in dollars per share) | $ 0.300 | $ 0.300 | $ 0.225
Weighted average number of common and common equivalent shares outstanding: |  |  |
Basic (in shares) | 17,877 | 17,971 | 16,438
Diluted (in shares) | 18,005 | 18,374 | 17,715
Service revenue |  |  |
Revenue: |  |  |
Revenues | $ 142,554 | $ 138,604 | $ 132,592
Field costs and expenses: |  |  |
Cost of goods and services | 72,991 | 72,123 | 66,884
Property and merchandise revenue |  |  |
Revenue: |  |  |
Revenues | 114,514 | 112,253 | 108,046
Field costs and expenses: |  |  |
Cost of goods and services | 89,294 | 90,008 | 85,422
Other revenue |  |  |
Revenue: |  |  |
Revenues | $ 17,039 | $ 17,135 | $ 17,501

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- Details
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