XML 14 R3.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenues $ 78,495 $ 81,571 $ 149,964 $ 159,516
Costs and Expenses:        
Cost of goods sold 10,843 13,086 20,586 26,521
Cemetery expense 21,636 21,007 38,883 38,421
Selling expense 15,497 17,166 30,230 33,422
General and administrative expense 10,958 10,163 22,397 21,121
Corporate overhead 13,137 15,165 26,550 26,992
Depreciation and amortization 2,716 3,071 5,473 6,116
Total costs and expenses 85,254 90,309 166,086 176,280
Other losses (3,429)   (3,429) (5,205)
Operating loss (10,188) (8,738) (19,551) (21,969)
Interest expense (9,346) (8,107) (22,517) (15,220)
Loss on debt extinguishment (8,478)   (8,478)  
Loss from operations before income taxes (28,012) (16,845) (50,546) (37,189)
Income tax benefit (expense) (6,386) (172) (6,386) 2,249
Net loss (34,398) (17,017) (56,932) (34,940)
Net loss attributable to common unit holders (34,398) (17,017) (56,932) (34,940)
General partner’s interest (357) (177) (592) (364)
Limited partners’ interest $ (34,041) $ (16,840) $ (56,340) $ (34,576)
Net loss per limited partner unit (basic and diluted) $ (1.44) $ (0.44) $ (1.44) $ (0.91)
Weighted average number of limited partners’ units outstanding (basic and diluted) 39,329 37,958 39,115 37,958
Cemetery        
Revenues:        
Revenues $ 65,628 $ 67,680 $ 123,538 $ 129,923
Costs and Expenses:        
Depreciation and amortization 1,920 2,111 3,882 4,185
Operating costs and expenses 58,934 61,422 112,096 119,485
Cemetery | Interments        
Revenues:        
Revenues 20,995 20,789 36,939 40,414
Cemetery | Merchandise        
Revenues:        
Revenues 17,315 17,116 33,856 33,743
Cemetery | Services        
Revenues:        
Revenues 17,365 17,737 33,332 34,228
Cemetery | Investment and other        
Revenues:        
Revenues 9,953 12,038 19,411 21,538
Funeral Home        
Revenues:        
Revenues 12,867 13,891 26,426 29,593
Costs and Expenses:        
Depreciation and amortization 598 701 1,186 1,414
Operating costs and expenses 10,467 10,651 21,967 23,687
Funeral Home | Merchandise        
Revenues:        
Revenues 6,073 6,522 12,348 13,951
Costs and Expenses:        
Operating costs and expenses 1,014 1,108 3,331 3,586
Funeral Home | Services        
Revenues:        
Revenues 6,794 7,369 14,078 15,642
Costs and Expenses:        
Operating costs and expenses 5,459 5,582 11,012 11,100
Funeral Home | Investment and other        
Costs and Expenses:        
Operating costs and expenses $ 3,994 $ 3,961 $ 7,624 $ 9,001