CARRIAGE SERVICES INC
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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Jun 30, 2025 · Filed Aug 7, 2025
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3. Goodwill
- GOODWILL
The following table presents changes in goodwill in the accompanying Consolidated Balance Sheets (in thousands):
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| Goodwill at the beginning of the period | $414,859 | $423,643 |
| Decrease in goodwill related to divestitures | (4,156) | (8,784) |
| Goodwill at the end of the period | $410,703 | $414,859 |
During the six months ended June 30, 2025, we allocated $4.2 million of goodwill to the sale oftwo funeral homes andthree cemeteries which was recorded in Net (gain) loss on divestitures, disposals, and impairment chargeson our Consolidated Statements of Operations, of which $2.6 million was allocated to our funeral home segment and $1.6 million was allocated to our cemetery segment.
During the six months ended June 30, 2024, we allocated $8.7 million of goodwill to the sale ofsix funeral homes andone cemetery which was recorded in Net (gain) loss on divestitures, disposals, and impairment chargeson our Consolidated Statements of Operations, of which $7.8 million was allocated to our funeral homes segment and $1.0 million was allocated to our cemetery segment.
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