XML 22 R12.htm IDEA: XBRL DOCUMENT v3.24.3
Divested Operations
9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Divested Operations DIVESTED OPERATIONS
During the three months ended September 30, 2024, we merged two funeral homes with other businesses we own in existing markets. During the nine months ended September 30, 2024, we sold six funeral homes and one cemetery for an aggregate of $10.9 million and merged three funeral homes with other businesses we own in existing markets.
During the three months ended September 30, 2023, we sold one funeral home for $0.3 million. During the nine months ended September 30, 2023, we sold two funeral homes and two cemeteries for an aggregate of $1.1 million and merged one funeral home with another business we own in an existing market.
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):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Revenue$25 $18 $1,383 $242 
Operating income (loss)(154)42 
Gain (loss) on divestitures(1)
295 (24)(1,214)(107)
Income tax (expense) benefit (47)389 30 
Net gain (loss) from divested operations, after tax$94 $(11)$(783)$(74)
(1)
Gain (loss) on divestitures is recorded in Net loss on divestitures, disposals and impairments charges on our Consolidated Statements of Operations.