XML 16 R5.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Segment Reporting Information [Line Items]        
Revenues $ 84,393 $ 66,125 $ 239,360 $ 202,958
Field costs and expenses:        
Cemetery property amortization 1,471 972 3,445 2,990
Field depreciation expense 3,233 3,106 9,770 9,250
Regional and unallocated funeral and cemetery costs 4,731 3,597 11,204 10,008
Other expenses 1,253 411 3,551 1,197
Total field costs and expenses 56,519 48,069 163,155 144,051
Gross profit 27,874 18,056 76,205 58,907
Corporate costs and expenses:        
General, administrative and other 6,134 5,755 18,620 17,059
Home office depreciation and amortization 329 357 1,065 1,115
Net loss on divestitures and impairments charges 4,917 4,593 19,610 4,604
Operating income 16,494 7,351 36,910 36,129
Interest expense (8,007) (6,283) (24,787) (18,907)
Accretion of discount on convertible subordinated notes (69) (61) (200) (178)
Net loss on early extinguishment of debt (6) 0 (6) 0
Other, net (28) 517 (34) 690
Income before income taxes 8,384 1,524 11,883 17,734
Expense for income taxes (2,851) (930) (4,014) (5,551)
Tax adjustment related to discrete items 8 17 144 219
Total expense for income taxes $ (2,859) $ (947) (4,158) (5,770)
Net income     $ 7,725 $ 11,964
Earnings Per Share, Basic and Diluted [Abstract]        
Continuing operations (in dollars per Share) $ 0.31 $ 0.03 $ 0.43 $ 0.66
Continuing operations (in dollars per Share) 0.31 0.03 0.43 0.66
Dividends declared per common share (in dollars per Share) $ 0.0875 $ 0.075 $ 0.2375 $ 0.225
Weighted average number of common and common equivalent shares outstanding:        
Basic (in Shares) 17,895 17,737 17,853 17,917
Diluted (in Shares) 17,932 17,768 17,893 17,951
Funeral        
Segment Reporting Information [Line Items]        
Revenues $ 61,434 $ 51,517 $ 182,297 $ 160,187
Field costs and expenses:        
Cost of operating 19,945 18,011 59,624 54,062
Corporate costs and expenses:        
Operating income 13,975 9,531 38,155 42,220
Income before income taxes 13,753 9,312 37,481 41,591
Cemetery        
Segment Reporting Information [Line Items]        
Revenues 22,959 14,608 57,063 42,771
Field costs and expenses:        
Cost of operating 25,886 21,972 75,561 66,544
Corporate costs and expenses:        
Operating income 8,982 3,932 18,440 12,083
Income before income taxes 9,024 3,885 18,538 12,324
Service Revenue [Member]        
Segment Reporting Information [Line Items]        
Revenues 41,218 34,133 120,830 105,444
Property and Merchandise [Member]        
Segment Reporting Information [Line Items]        
Revenues 36,298 28,002 100,211 85,458
Other Revenue [Member]        
Segment Reporting Information [Line Items]        
Revenues 6,877 3,990 18,319 12,056
Other Revenue [Member] | Funeral        
Segment Reporting Information [Line Items]        
Revenues 3,601 2,199 10,431 6,618
Other Revenue [Member] | Cemetery        
Segment Reporting Information [Line Items]        
Revenues $ 3,276 $ 1,791 $ 7,888 $ 5,438