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ACQUISITIONS (Tables)
6 Months Ended
Jun. 30, 2016
Consolidated Pro Forma Information

The Partnership prepared these pro forma unaudited financial results for comparative purposes only. The results may not be indicative of the results that would have occurred if the acquisitions consummated during the six months ended June 30, 2016 and 2015 had occurred as of January 1, 2015 or the results that will be attained in future periods (in thousands, except per unit data):

 

     Three months ended June 30,      Six months ended June 30,  
     2016      2015      2016      2015  

Revenue

   $ 78,282       $ 86,426       $ 155,324       $ 158,832   

Net loss

     (8,651 )       (4,516 )       (16,107 )       (12,898 ) 

Net loss per limited partner unit (basic and diluted)

   $ (0.28 )     $ (0.18 )     $ (0.54 )     $ (0.50 ) 
2015 Acquisitions  
Fair Values of Net Assets Acquired

The following table presents the Partnership’s values assigned to the assets acquired and liabilities assumed in the acquisition, based on their estimated fair values at the date of the acquisition, which may be prospectively adjusted as additional information is received (in thousands):

 

Assets:

  

Accounts receivable

   $ 22   

Cemetery and funeral home property

     90   

Property and equipment

     220   

Merchandise trusts, restricted

     290   

Other assets

     13   
  

 

 

 

Total assets

     635   
  

 

 

 

Liabilities:

  

Deferred revenues

     193   
  

 

 

 

Total liabilities

     193   
  

 

 

 

Fair value of net assets acquired

     442   
  

 

 

 

Consideration paid - cash

     1,500   
  

 

 

 

Total consideration paid

     1,500   
  

 

 

 

Goodwill from purchase

   $ 1,058   
  

 

 

 
2016 Acquisitions  
Fair Values of Net Assets Acquired

The following table presents the Partnership’s values assigned to the assets acquired and liabilities assumed in the acquisitions, based on their estimated and revised fair values, as applicable, which may be prospectively adjusted as additional information is received (in thousands):

 

Assets:

  

Accounts receivable

   $ 2,641   

Cemetery property

     5,249   

Property and equipment

     7,710   

Inventory

     53   

Merchandise trusts, restricted

     15,075   

Perpetual care trusts, restricted

     4,134   

Intangible assets

     406   
  

 

 

 

Total assets

     35,268   
  

 

 

 

Liabilities:

  

Deferred revenues

     21,349   

Perpetual care trust corpus

     4,134   

Other liabilities

     21   
  

 

 

 

Total liabilities

     25,504   
  

 

 

 

Fair value of net assets acquired

     9,764   
  

 

 

 

Consideration paid – cash

     18,800   

Deferred cash consideration

     876   
  

 

 

 

Total consideration paid

     19,676   
  

 

 

 

Gain on bargain purchase

   $ 766   
  

 

 

 

Goodwill from purchase

   $ 10,678