SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2016

CONDENSED CONSOLIDATING BALANCE SHEETS


June 30, 2016	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	—	$	6,382	$	3,054	$	—		$	9,436
Other current assets		—		5,276		82,814		15,001		—			103,091

Total current assets		—		5,276		89,196		18,055		—			112,527
Long-term accounts receivable		—		2,821		81,134		11,166		—			95,121
Cemetery property and equipment		—		1,020		416,052		31,577		—			448,649
Merchandise trusts		—		—		—		494,596		—			494,596
Perpetual care trusts		—		—		—		321,700		—			321,700
Deferred selling and obtaining costs		—		5,967		96,730		15,713		—			118,410
Goodwill and intangible assets		—		—		78,331		58,339		—			136,670
Other assets		—		—		16,151		2,371		—			18,522
Investments in and amounts due from affiliates eliminated upon consolidation		263,879		175,341		465,794		—		(905,014	)		—

Total assets	$	263,879	$	190,425	$	1,243,388	$	953,517	$	(905,014	)	$	1,746,195

Liabilities and Equity
Current liabilities	$	—	$	36	$	39,636	$	834	$	—		$	40,506
Long-term debt, net of deferred financing costs		67,975		104,425		105,454		—		—			277,854
Deferred revenues		—		41,456		740,550		86,188		—			868,194
Perpetual care trust corpus		—		—		—		321,700		—			321,700
Other long-term liabilities		—		—		32,158		9,879		—			42,037
Due to affiliates		—		—		172,400		477,824		(650,224	)		—

Total liabilities		67,975		145,917		1,090,198		896,425		(650,224	)		1,550,291

Partners’ capital		195,904		44,508		153,190		57,092		(254,790	)		195,904

Total liabilities and partners’ capital	$	263,879	$	190,425	$	1,243,388	$	953,517	$	(905,014	)	$	1,746,195


December 31, 2015	Parent		Subsidiary Issuer		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	—	$	11,869	$	3,284	$	—		$	15,153
Other current assets		—		4,858		78,464		12,701		—			96,023

Total current assets		—		4,858		90,333		15,985		—			111,176
Long-term accounts receivable		—		2,888		80,969		11,310		—			95,167
Cemetery property and equipment		—		1,084		418,400		31,100		—			450,584
Merchandise trusts		—		—		—		464,676		—			464,676
Perpetual care trusts		—		—		—		307,804		—			307,804
Deferred selling and obtaining costs		—		5,967		91,275		14,300		—			111,542
Goodwill and intangible assets		—		—		78,223		58,837		—			137,060
Other assets		—		—		14,153		2,195		—			16,348
Investments in and amounts due from affiliates eliminated upon consolidation		249,436		165,639		436,811		—		(851,886	)		—

Total assets	$	249,436	$	180,436	$	1,210,164	$	906,207	$	(851,886	)	$	1,694,357

Liabilities and Equity
Current liabilities	$	—	$	12	$	33,083	$	837	$	—		$	33,932
Long-term debt, net of deferred financing costs		67,890		104,295		144,214		—		—			316,399
Deferred revenues		—		40,467		697,516		77,438		—			815,421
Perpetual care trust corpus		—		—		—		307,804		—			307,804
Other long-term liabilities		—		—		29,761		9,494		—			39,255
Due to affiliates		—		—		172,185		454,605		(626,790	)		—

Total liabilities		67,890		144,774		1,076,759		850,178		(626,790	)		1,512,811

Partners’ capital		181,546		35,662		133,405		56,029		(225,096	)		181,546

Total liabilities and partners’ capital	$	249,436	$	180,436	$	1,210,164	$	906,207	$	(851,886	)	$	1,694,357

Consolidated Statements of Operations

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS


Three months ended June 30, 2016	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	1,653		$	66,407		$	12,590		$	(2,368	)	$	78,282
Total cost and expenses		—			(2,575	)		(67,877	)		(12,451	)		2,368			(80,535	)
Other income (loss)		—						(191	)		—			—			(191	)
Net loss from equity investment in subsidiaries		(7,292	)		(8,816	)		—			—			16,108			—
Interest expense		(1,359	)		(2,087	)		(2,066	)		(195	)		—			(5,707	)

Net income (loss) before income taxes		(8,651	)		(11,825	)		(3,727	)		(56	)		16,108			(8,151	)

Income tax benefit (expense)		—			—			(500	)		—			—			(500	)

Net income (loss)	$	(8,651	)	$	(11,825	)	$	(4,227	)	$	(56	)	$	16,108		$	(8,651	)


Three months ended June 30, 2015	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	1,505		$	73,659		$	12,822		$	(3,473	)	$	84,513
Total cost and expenses		—			(2,865	)		(70,398	)		(13,305	)		3,473			(83,095	)
Net loss from equity investment in subsidiaries		(3,285	)		(4,637	)		—			—			7,922			—
Interest expense		(1,359	)		(2,087	)		(2,144	)		(180	)		—			(5,770	)

Net income (loss) before income taxes		(4,644	)		(8,084	)		1,117			(663	)		7,922			(4,352	)

Income tax benefit (expense)		—			—			(292	)		—			—			(292	)

Net income (loss)	$	(4,644	)	$	(8,084	)	$	825		$	(663	)	$	7,922		$	(4,644	)


Six months ended June 30, 2016	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	2,886		$	130,701		$	26,356		$	(4,732	)	$	155,211
Total cost and expenses		—			(5,092	)		(133,648	)		(23,999	)		4,732			(158,007	)
Other income (loss)		—			—			(1,073	)		—			—			(1,073	)
Net loss from equity investment in subsidiaries		(13,409	)		(16,455	)		—			—			29,864			—
Interest expense		(2,717	)		(4,174	)		(4,220	)		(386	)		—			(11,497	)

Net income (loss) before income taxes		(16,126	)		(22,835	)		(8,240	)		1,971			29,864			(15,366	)

Income tax benefit (expense)		—			—			(760	)		—			—			(760	)

Net income (loss)	$	(16,126	)	$	(22,835	)	$	(9,000	)	$	1,971		$	29,864		$	(16,126	)


Six months ended June 30, 2015	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	2,785		$	134,945		$	23,670		$	(6,394	)	$	155,006
Total cost and expenses		—			(5,276	)		(133,114	)		(24,617	)		6,394			(156,613	)
Net loss from equity investment in subsidiaries		(10,437	)		(11,385	)		—			—			21,822			—
Interest expense		(2,717	)		(4,174	)		(3,985	)		(357	)		—			(11,233	)

Net income (loss) before income taxes		(13,154	)		(18,050	)		(2,154	)		(1,304	)		21,822			(12,840	)

Income tax benefit (expense)		—			—			(314	)		—			—			(314	)

Net income (loss)	$	(13,154	)	$	(18,050	)	$	(2,468	)	$	(1,304	)	$	21,822		$	(13,154	)

Consolidated Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS


Six months ended June 30, 2016	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	2,624		$	61		$	13,804		$	1,485		$	(9,515	)	$	8,459
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures		—			(61	)		(5,380	)		(1,715	)		—			(7,156	)
Payments to affiliates		(32,458	)		—			—			—			32,458			—

Net cash used in investing activities		(32,458	)		(61	)		(5,380	)		(1,715	)		32,458			(7,156	)

Cash Flows From Financing Activities:
Cash distributions		(44,703	)		—			—			—			—			(44,703	)
Payments from affiliates		—			—			22,943			—			(22,943	)		—
Net borrowings and repayments of debt		—			—			(36,503	)		—			—			(36,503	)
Proceeds from issuance of common units		74,537			—			—			—			—			74,537
Other financing activities		—			—			(351	)		—			—			(351	)

Net cash provided by (used in) financing activities		29,834			—			(13,911	)		—			(22,943	)		(7,020	)

Net increase (decrease) in cash and cash equivalents		—			—			(5,487	)		(230	)		—			(5,717	)
Cash and cash equivalents - Beginning of period		—			—			11,869			3,284			—			15,153

Cash and cash equivalents - End of period	$	—		$	—		$	6,382		$	3,054		$	—		$	9,436


Six months ended June 30, 2015	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	36,297		$	151		$	9,324		$	1,391		$	(43,188	)	$	3,975
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures		—			(151	)		(5,472	)		(1,627	)		—			(7,250	)

Net cash used in investing activities		—			(151	)		(5,472	)		(1,627	)		—			(7,250	)

Cash Flows From Financing Activities:
Cash distributions		(36,297	)		—			—			—			—			(36,297	)
Payments to affiliates		—			—			(43,188	)		—			43,188			—
Net borrowings and repayments of debt		—			—			42,608			—			—			42,608
Other financing activities		—			—			(34	)		—			—			(34	)

Net cash provided by (used in) financing activities		(36,297	)		—			(614	)		—			43,188			6,277

Net increase (decrease) in cash and cash equivalents		—			—			3,238			(236	)		—			3,002
Cash and cash equivalents - Beginning of period		—			—			7,059			3,342			—			10,401

Cash and cash equivalents - End of period	$	—		$	—		$	10,297		$	3,106		$	—		$	13,403