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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Net income     $ 7,725 $ 11,964  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     14,280 13,355  
Provision for bad debt and credit losses     1,837 1,188  
Stock-based compensation expense     2,473 1,616  
Deferred income tax expense     4,750 1,270  
Amortization of deferred financing costs     592 289  
Amortization of capitalized commissions on preneed contracts $ 145 $ 140 430 417  
Accretion of discount on convertible subordinated notes 69 61 200 178  
Accretion of debt discount, net of debt premium on senior notes     228 366  
Net loss on divestitures and impairments charges     19,610 4,604  
Net loss on sale of other assets     245 193  
Gain on insurance reimbursements     (54) (638)  
Goodwill and other intangible asset impairments     6 0  
Other     19 121  
Changes in operating assets and liabilities that provided (required) cash:          
Accounts and preneed receivables     (436) (2,495)  
Inventories, prepaid and other current assets     3,241 1,138  
Intangible and other non-current assets     (225) (241)  
Preneed funeral and cemetery trust investments     (2,781) (4,376)  
Accounts payable     1,155 (3,852)  
Accrued and other liabilities     9,770 6,749  
Deferred preneed funeral and cemetery revenue     1,319 804  
Deferred preneed funeral and cemetery receipts held in trust     3,438 3,411  
Net cash provided by operating activities     67,822 36,061  
Cash flows from investing activities:          
Acquisitions     (28,011) 0  
Proceeds from insurance reimbursements     97 1,247  
Proceeds from divestitures and sale of other assets 7,300   7,416 967 $ 900
Capital expenditures     (10,034) (11,479)  
Net cash used in investing activities     (30,532) (9,265)  
Cash flows from financing activities:          
Borrowings from the credit facility     89,300 28,200  
Payments against the credit facility     (117,100) (37,300)  
Repurchase of the 2.75% convertible subordinated notes     (4,563) (27)  
Payment of transaction costs related to the repurchase of the 2.75% convertible subordinated notes     (12) 0  
Payments of debt issuance costs related to the 6.625% senior notes     0 (113)  
Payments on acquisition debt and obligations under finance leases     (1,060) (1,370)  
Payments on contingent consideration recorded at acquisition date     (169) (162)  
Proceeds from the exercise of stock options and employee stock purchase plan contributions     921 1,155  
Taxes paid on restricted stock vestings and exercise of non-qualified options     (281) (194)  
Dividends paid on common stock     (4,251) (4,061)  
Purchase of treasury stock     0 (7,756)  
Net cash used in financing activities     (37,281) (21,628)  
Net increase in cash and cash equivalents     9 5,168  
Cash and cash equivalents at beginning of period   5,812 716 644 644
Cash and cash equivalents at end of period 725   725   $ 716
Senior Notes [Member]          
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of deferred financing costs 72 35 208 103  
Cash flows from financing activities:          
Payments of debt issuance costs related to the 6.625% senior notes     (66) 0  
Senior Notes [Member] | Senior Note Two [Member]          
Adjustments to reconcile net income to net cash provided by operating activities:          
Accretion of debt discount, net of debt premium on senior notes 56   165    
Convertible Subordinated Notes [Member]          
Adjustments to reconcile net income to net cash provided by operating activities:          
Amortization of deferred financing costs $ 9 $ 6 $ 21 $ 19