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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Disaggregation of Revenue | Revenue, disaggregated by major source for each of our reportable segments was as follows (in thousands):
Three months ended June 30, 2024 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 39,589 |  |  | $ | 4,844 |  |  | $ | 44,433 |
Merchandise |  | 19,664 |  |  | 4,483 |  |  | 24,147 |
Cemetery property |  | — |  |  | 25,443 |  |  | 25,443 |
Other revenue |  | 4,342 |  |  | 3,953 |  |  | 8,295 |
Total |  | $ | 63,595 |  |  | $ | 38,723 |  |  | $ | 102,318 |
Three months ended June 30, 2023 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 39,799 |  |  | $ | 4,723 |  |  | $ | 44,522 |
Merchandise |  | 21,211 |  |  | 4,244 |  |  | 25,455 |
Cemetery property |  | — |  |  | 20,175 |  |  | 20,175 |
Other revenue |  | 3,495 |  |  | 4,031 |  |  | 7,526 |
Total |  | $ | 64,505 |  |  | $ | 33,173 |  |  | $ | 97,678 |
Six months ended June 30, 2024 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 84,396 |  |  | $ | 9,736 |  |  | $ | 94,132 |
Merchandise |  | 42,323 |  |  | 8,623 |  |  | 50,946 |
Cemetery property |  | — |  |  | 44,146 |  |  | 44,146 |
Other revenue |  | 8,707 |  |  | 7,880 |  |  | 16,587 |
Total |  | $ | 135,426 |  |  | $ | 70,385 |  |  | $ | 205,811 |
Six months ended June 30, 2023 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 83,401 |  |  | $ | 9,328 |  |  | $ | 92,729 |
Merchandise |  | 44,180 |  |  | 8,178 |  |  | 52,358 |
Cemetery property |  | — |  |  | 33,283 |  |  | 33,283 |
Other revenue |  | 7,009 |  |  | 7,813 |  |  | 14,822 |
Total |  | $ | 134,590 |  |  | $ | 58,602 |  |  | $ | 193,192 |
Revenue, pre-tax income and total and total assets by segments | The following table presents operating income (loss), income (loss) before income taxes and total assets (in thousands):
| Funeral |  | Cemetery |  | Corporate |  | Consolidated
Operating income (loss): |  |  |  |  |  |  |
Three months ended June 30, 2024 | $ | 20,759 |  |  | $ | 16,203 |  |  | $ | (18,593) |  |  | $ | 18,369 |
Three months ended June 30, 2023 | 17,898 |  |  | 13,039 |  |  | (10,199) |  |  | 20,738 |
Six months ended June 30, 2024 | $ | 43,833 |  |  | $ | 28,845 |  |  | $ | (34,832) |  |  | $ | 37,846 |
Six months ended June 30, 2023 | 40,091 |  |  | 21,651 |  |  | (20,370) |  |  | 41,372 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Three months ended June 30, 2024 | $ | 21,024 |  |  | $ | 16,303 |  |  | $ | (26,868) |  |  | $ | 10,459 |
Three months ended June 30, 2023 | 18,112 |  |  | 13,183 |  |  | (19,593) |  |  | 11,702 |
Six months ended June 30, 2024 | $ | 43,892 |  |  | $ | 29,013 |  |  | $ | (51,724) |  |  | $ | 21,181 |
Six months ended June 30, 2023 | 40,446 |  |  | 21,854 |  |  | (38,252) |  |  | 24,048 |
Total assets: |  |  |  |  |  |  |
June 30, 2024 | $ | 787,166 |  |  | $ | 463,205 |  |  | $ | 18,895 |  |  | $ | 1,269,266 |
December 31, 2023 | 802,368 |  |  | 448,018 |  |  | 17,666 |  |  | 1,268,052 |

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