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Divested Operations

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

DIVESTED OPERATIONS

During the three months ended September 30, 2021 and 2022, we did not sell any funeral homes or cemeteries. During the nine months ended September 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. During the nine months ended September 30, 2021, we sold three funeral homes for an aggregate of $3.5 million.

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Revenue	$	(10)	$	—	$	338	$	296

Operating income (loss)	(41)		—		(54)		25
Gain (loss) on divestitures(1)	—		—		103		(703)
Income tax benefit (expense)	12		—		(14)		188
Net income (loss) from divested operations, after tax	$	(29)	$	—	$	35	$	(490)

(1)

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