CARRIAGE SERVICES INC
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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Sep 30, 2025 · Filed Nov 6, 2025
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4. Goodwill
- GOODWILL
Many of the former owners and staff of our acquired funeral home and cemetery businesses have provided high quality service to families for generations, which often represents a substantial portion of the value of a business. The excess of the purchase price over the fair value of identifiable net assets of acquired funeral home and cemetery businesses is recorded as goodwill.
The following table presents changes in goodwill in the accompanying Consolidated Balance Sheets (in thousands):
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Goodwill at the beginning of the period | $414,859 | $423,643 |
| Increase in goodwill related to acquisitions | 37,233 | — |
| Decrease in goodwill related to divestitures | (18,608) | (8,784) |
| Goodwill at the end of the period | $433,484 | $414,859 |
During the nine months ended September 30, 2025, we allocated $18.6 million of goodwill to the sale ofnine funeral homes andfour cemeteries which was recorded in Net loss on divestitures and impairment chargeson our Consolidated Statements of Operations, of which $16.9 million was allocated to our funeral home segment and $1.7 million was allocated to our cemetery segment.
During the nine months ended September 30, 2024, we allocated $8.8 million of goodwill to the sale ofsix funeral homes andone cemetery which was recorded in Net loss on divestitures 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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