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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 5,886 $ 5,073
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,920 4,956
Amortization of deferred financing costs 362 362
Gain on purchase of convertible junior subordinated debentures (366) (316)
Provision for losses on accounts receivable 2,028 1,903
Stock-based compensation expense 1,095 949
Deferred income taxes (2,242) 3,282
Other (25) (149)
Changes in operating assets and liabilities that provided (required) cash:    
Accounts and preneed receivables 521 (1,306)
Inventories and other current assets 47 88
Deferred charges and other (38)  
Preneed funeral and cemetery trust investments 2,812 (837)
Accounts payable and accrued liabilities 3,895 (32)
Deferred preneed funeral and cemetery revenue 103 601
Deferred preneed funeral and cemetery receipts held in trust (3,237) (57)
Net cash provided by operating activities 15,761 14,517
Cash flows from investing activities:    
Acquisitions (5,100) (15,519)
Net proceeds from the sale of assets   400
Capital expenditures (4,608) (4,387)
Net cash used in investing activities (9,708) (19,506)
Cash flows from financing activities:    
Borrowings under (payments on) the bank credit facility (600) 3,200
Payments on senior long-term debt and obligations under capital leases (315) (212)
Proceeds from the exercise of stock options and employee stock purchase plan 206 348
Dividend on common stock (460)  
Dividend on redeemable preferred stock (7) (7)
Purchase of convertible junior subordinated debentures (972) (576)
Other financing costs   (42)
Net cash provided by (used in) financing activities (2,148) 2,711
Net (decrease) increase in cash and cash equivalents 3,905 (2,278)
Cash and cash equivalents at beginning of period 1,279 3,616
Cash and cash equivalents at end of period $ 5,184 $ 1,338