XML 20 R5.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 13,492 $ 20,926
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,955 5,401
Provision for credit losses 936 1,074
Stock-based compensation expense 2,096 1,753
Deferred income tax expense 1,325 2,464
Amortization of intangibles 320 335
Amortization of debt issuance costs 128 127
Amortization and accretion of debt 146 138
Net loss (gain) on divestitures and impairment charges 227 (5,770)
Net gain on sale of excess real property 0 (1,988)
Changes in operating assets and liabilities that provided (used) cash:    
Accounts and preneed receivables (2,061) (2,585)
Inventories, prepaid, and other current assets 1,713 (537)
Intangible and other non-current assets (1,163) (633)
Preneed funeral and cemetery trust investments (1,847) (8,005)
Accounts payable (6,720) (2,840)
Accrued and other liabilities (1,402) (3,544)
Deferred preneed funeral and cemetery revenue (570) (1,534)
Deferred preneed funeral and cemetery receipts held in trust 2,323 9,010
Net cash provided by operating activities 14,898 13,792
Cash flows from investing activities:    
Capital expenditures (3,896) (3,163)
Proceeds from divestitures and sale of other assets 16 18,660
Net cash (used in) provided by investing activities (3,880) 15,497
Cash flows from financing activities:    
Borrowings from the credit facility 29,400 7,100
Payments against the credit facility (35,600) (24,100)
Payments on acquisition debt and obligations under finance leases (114) (148)
Proceeds from the exercise of stock options and employee stock purchase plan contributions 360 688
Taxes paid on restricted stock, performance award vestings, and exercise of stock options (2,072) (7,629)
Dividends paid on common stock (1,772) (1,722)
Net cash used in financing activities (9,798) (25,811)
Net increase in cash and cash equivalents 1,220 3,478
Cash and cash equivalents at beginning of period 1,688 1,165
Cash and cash equivalents at end of period 2,908 4,643
Supplemental disclosure of cash flow information:    
Cash paid for interest and financing costs 2,240 2,705
Cash paid for income taxes $ 167 $ 1,475