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Divested Operations

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

DIVESTED OPERATIONS

During the three and six months ended June 30, 2022, we merged one funeral home with another business we own in an existing market and sold two funeral homes for an aggregate of $0.9 million, respectively. During the three and six months ended June 30, 2021, we sold one funeral home for $0.7 million and three funeral homes for $3.5 million, respectively.

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


	Three months ended June 30,				Six months ended June 30,
	2021		2022		2021		2022
Revenue	$	29	$	63	$	349	$	296

Operating income (loss)	(37)		(4)		(12)		25
Gain (loss) on divestitures(1)	(205)		—		103		(703)
Income tax benefit (expense)	80		1		(26)		184
Net income (loss) from divested operations, after tax	$	(162)	$	(3)	$	65	$	(494)

(1)

Gain (loss) on divestitures is recorded in Net (gain) loss on divestitures, disposals and impairments charges on our Consolidated Statements of Operations.