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Divested Operations

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

DIVESTED OPERATIONS

During 2022, we sold four funeral homes for an aggregate of $1.5 million and merged one funeral home with another business we own in an existing market. During 2021, we sold two funeral homes and one cemetery for an aggregate of $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 an aggregate of $8.4 million.

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,
	2020		2021		2022
Revenue	$	2,643	$	1,070	$	656

Operating income	159		6		54
Net loss on divestitures(1)	(6,749)		(62)		(736)
Income tax benefit	2,135		16		193
Net loss from divested operations, after tax	$	(4,455)	$	(40)	$	(488)



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