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Divested Operations
9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Divested Operations DIVESTED OPERATIONS
During the three months ended September 30, 2025, we sold seven funeral homes and one cemetery for an aggregate of $18.0 million. During the nine months ended September 30, 2025, we sold nine funeral homes and four cemeteries for an aggregate of $33.8 million and merged one funeral home with another business we own in an existing market.
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.
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,
2025202420252024
Revenue$1,401 $25 $7,849 $1,383 
Operating income220 (154)1,717 42 
Gain (loss) on divestitures(1)
(6,854)295 2,125 (1,214)
Income tax (expense) benefit2,120 (47)(1,228)389 
Net gain (loss) from divested operations, after tax$(4,514)$94 $2,614 $(783)
(1)
Net loss on divestitures is recorded in Net loss on divestitures and impairment charges on our Consolidated Statements of Operations.