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Segment Reporting (Tables) | 9 Months Ended
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Sep. 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 September 30, 2024 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 39,892 |  |  | $ | 5,024 |  |  | $ | 44,916 |
Merchandise |  | 19,455 |  |  | 4,757 |  |  | 24,212 |
Cemetery property |  | — |  |  | 23,207 |  |  | 23,207 |
Other revenue |  | 4,355 |  |  | 3,997 |  |  | 8,352 |
Total |  | $ | 63,702 |  |  | $ | 36,985 |  |  | $ | 100,687 |
Three months ended September 30, 2023 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 39,090 |  |  | $ | 4,618 |  |  | $ | 43,708 |
Merchandise |  | 20,325 |  |  | 4,067 |  |  | 24,392 |
Cemetery property |  | — |  |  | 15,895 |  |  | 15,895 |
Other revenue |  | 3,211 |  |  | 3,288 |  |  | 6,499 |
Total |  | $ | 62,626 |  |  | $ | 27,868 |  |  | $ | 90,494 |
Nine months ended September 30, 2024 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 124,288 |  |  | $ | 14,760 |  |  | $ | 139,048 |
Merchandise |  | 61,778 |  |  | 13,380 |  |  | 75,158 |
Cemetery property |  | — |  |  | 67,353 |  |  | 67,353 |
Other revenue |  | 13,062 |  |  | 11,877 |  |  | 24,939 |
Total |  | $ | 199,128 |  |  | $ | 107,370 |  |  | $ | 306,498 |
Nine months ended September 30, 2023 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 122,491 |  |  | $ | 13,946 |  |  | $ | 136,437 |
Merchandise |  | 64,505 |  |  | 12,245 |  |  | 76,750 |
Cemetery property |  | — |  |  | 49,178 |  |  | 49,178 |
Other revenue |  | 10,220 |  |  | 11,101 |  |  | 21,321 |
Total |  | $ | 197,216 |  |  | $ | 86,470 |  |  | $ | 283,686 |
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 September 30, 2024 | $ | 19,958 |  |  | $ | 15,145 |  |  | $ | (12,206) |  |  | $ | 22,897 |
Three months ended September 30, 2023 | 18,145 |  |  | 8,844 |  |  | (11,303) |  |  | 15,686 |
Nine months ended September 30, 2024 | $ | 63,434 |  |  | $ | 44,348 |  |  | $ | (47,039) |  |  | $ | 60,743 |
Nine months ended September 30, 2023 | 58,236 |  |  | 30,496 |  |  | (31,674) |  |  | 57,058 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Three months ended September 30, 2024 | $ | 19,767 |  |  | $ | 15,282 |  |  | $ | (20,200) |  |  | $ | 14,849 |
Three months ended September 30, 2023 | 18,377 |  |  | 8,902 |  |  | (20,503) |  |  | 6,776 |
Nine months ended September 30, 2024 | $ | 63,301 |  |  | $ | 44,652 |  |  | $ | (71,923) |  |  | $ | 36,030 |
Nine months ended September 30, 2023 | 58,824 |  |  | 30,757 |  |  | (58,757) |  |  | 30,824 |
Total assets: |  |  |  |  |  |  |
September 30, 2024 | $ | 784,108 |  |  | $ | 472,464 |  |  | $ | 18,846 |  |  | $ | 1,275,418 |
December 31, 2023 | 802,368 |  |  | 448,018 |  |  | 17,666 |  |  | 1,268,052 |

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