v3.25.2
Segment Reporting Level 1 (Notes)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] Segment Reporting
Our operations are both product-based and geographically-based, and the reportable operating segments presented below include our funeral and cemetery operations. Our geographic areas include the United States and Canada, where we conduct both funeral and cemetery operations.
Our Chief Operating Decision Maker (CODM) is our Chief Executive Officer, who is responsible for making key operating, finance, and capital allocation decisions and specifically uses segment gross profit to aid in the decision making and to assess the performance of the operating segments.
Our reportable segment information, including disaggregated revenue, was as follows and includes a reconciliation of gross profit to our consolidated income before income taxes.
Three months ended June 30,Six months ended June 30,
2025202420252024
(In thousands)
Revenue from customers:
Funeral revenue:
Atneed revenue$296,114 $283,358 $625,185 $598,735 
Matured preneed revenue183,503 178,581 389,345 368,729 
Core funeral revenue479,617 461,939 1,014,530 967,464 
Non-funeral home revenue25,749 22,868 53,357 46,551 
Non-funeral home preneed sales revenue26,421 29,143 48,621 58,218 
Core general agency and other revenue59,578 51,836 114,351 98,286 
Total funeral revenue$591,365 $565,786 $1,230,859 $1,170,519 
Direct cost(85,005)(85,150)(177,783)(177,120)
Selling compensation(47,759)(46,705)(92,921)(90,675)
Salaries & fringe expense(167,465)(161,506)(335,315)(323,098)
Facility expenses(66,314)(63,286)(134,618)(127,152)
Other costs and overhead(108,845)(108,713)(220,267)(220,174)
Total funeral expense$(475,388)$(465,360)$(960,904)$(938,219)
Funeral gross profit$115,977 $100,426 $269,955 $232,300 
Cemetery revenue:
Atneed revenue$111,018 $107,697 $223,320 $217,425 
Recognized preneed property revenue220,421 225,121 409,081 424,847 
Recognized preneed merchandise and services revenue105,848 99,979 204,318 198,259 
Core cemetery revenue437,287 432,797 836,719 840,531 
Other revenue36,792 35,433 72,033 68,348 
Total cemetery revenue$474,079 $468,230 $908,752 $908,879 
Direct cost(66,265)(64,387)(125,022)(126,398)
Selling compensation(86,402)(82,269)(167,070)(162,401)
Maintenance expense(67,882)(67,364)(130,938)(128,762)
Other costs and overhead(98,069)(96,721)(192,822)(191,490)
Total cemetery expense$(318,618)$(310,741)$(615,852)$(609,051)
Cemetery gross profit$155,461 $157,489 $292,900 $299,828 
Total revenue from customers$1,065,444 $1,034,016 $2,139,611 $2,079,398 
Total segment expenses(794,006)(776,101)(1,576,756)(1,547,270)
Gross profit from reportable segments271,438 257,915 $562,855 $532,128 
Corporate general and administrative expenses(49,466)(38,998)(94,167)(80,323)
Restructuring charge(1,575)— (1,575)— 
Gains on divestitures and impairment charges, net4,062 1,924 9,033 1,240 
Operating income$224,459 $220,841 $476,146 $453,045 
Interest expense(64,071)(64,384)(125,554)(128,736)
Other income, net3,914 1,725 7,066 4,187 
Income before income taxes$164,302 $158,182 $357,658 $328,496 
Our geographic area information was as follows:
United StatesCanadaTotal
 (In thousands)
Three months ended June 30,
Revenue from external customers:
2025$1,009,446 $55,998 $1,065,444 
2024$978,060 $55,956 $1,034,016 
Six months ended June 30,   
Revenue from external customers:
2025$2,029,853 $109,758 $2,139,611 
2024$1,966,516 $112,882 $2,079,398