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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 10,975 $ 5,464
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of businesses and purchase of other assets 0 (2,039)
Impairment of goodwill 0 1,180
Loss on early extinguishment of debt 0 1,042
Depreciation and amortization 6,687 5,801
Amortization of deferred financing costs 460 456
Accretion of discount on convertible subordinated notes 1,678 865
Provision for losses on accounts receivable 833 1,338
Stock-based compensation expense 2,376 2,782
Deferred income tax (benefit) expense 1,452 (1,884)
Loss on redemption of convertible junior subordinated debentures 0 2,932
Other 0 (8)
Changes in operating assets and liabilities that provided (required) cash:    
Accounts and preneed receivables 1,358 (1,783)
Inventories and other current assets 4,062 818
Deferred charges and other 117 (174)
Preneed funeral and cemetery trust investments 1,603 (10,057)
Accounts payable 167 (871)
Accrued and other liabilities (953) (2,117)
Deferred preneed funeral and cemetery revenue (814) 345
Deferred preneed funeral and cemetery receipts held in trust (1,671) 9,229
Net cash provided by operating activities 28,330 13,319
Cash flows from investing activities:    
Acquisitions and land for new construction (4,250) (54,850)
Purchase of Land and Buildings Previously Leased (6,080) (4,100)
Net proceeds from the sale of businesses and other assets 0 200
Capital expenditures (15,285) (5,593)
Net cash used in investing activities (25,615) (64,343)
Cash flows from financing activities:    
Net borrowings on the revolving credit facility 5,900 5,500
Net borrowings (payments) on the term loan (4,688) 8,000
Proceeds from the issuance of convertible subordinated notes 0 143,750
Payment of debt issuance costs related to the convertible subordinated notes 0 (4,650)
Payments on other long-term debt and obligations under capital leases (401) (542)
Redemption of convertible junior subordinated debentures 0 (89,748)
Payments for performance-based stock awards 0 (16,150)
Proceeds from the exercise of stock options and employee stock purchase plan contributions 410 863
Dividends on common stock (925) (917)
Payment of loan origination costs related to the credit facility (13) (797)
Purchase of treasury stock (3,082) 0
Excess tax benefit of equity compensation 229 5,069
Net cash provided by (used in) financing activities (2,570) 50,378
Net (decrease) increase in cash and cash equivalents 145 $ (646)
Cash and cash equivalents at beginning of period 413  
Cash and cash equivalents at end of period $ 558