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Divested Operations

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

DIVESTED OPERATIONS

During 2020, we sold eight funeral homes for $8.4 million. During 2019, we divested three funeral homes whose building leases expired and sold a funeral home for $0.9 million. In addition, we merged a funeral home with a business in an existing market. During 2018, our management agreement with a Florida municipality expired and as a result, we divested three of our cemeteries.

The operating results of these divested funeral homes and cemeteries are reflected on our Consolidated Statements of Operations as shown in the table below (in thousands):


	Years Ended December 31,
	2018		2019		2020
Revenue	$	4,712	$	805	$	2,643

Operating income (loss)	1,130		(569)		159
Net loss on divestitures(1)	(349)		(3,883)		(6,749)
Income tax benefit (expense)	(246)		1,288		2,135
Net income (loss) from divested operations, after tax	$	535	$	(3,164)	$	(4,455)



(1)			Net loss on divestitures is recorded in Net loss on divestitures and impairment charges on our Consolidated Statements of Operations.