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Divested Operations

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

DIVESTED OPERATIONS

During 2021, we sold two funeral homes and one cemetery for $2.5 million and we merged six funeral homes with other businesses we own in existing markets. 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 we own in an existing market.

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,
	2019		2020		2021
Revenue	$	805	$	2,643	$	1,070

Operating income (loss)	(569)		159		6
Net loss on divestitures(1)	(3,883)		(6,749)		(62)
Income tax benefit	1,288		2,135		16
Net loss from divested operations, after tax	$	(3,164)	$	(4,455)	$	(40)



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