GENERAL (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2019

Dec. 31, 2018

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Reclassification and Adjustment of Revenues for Cemetery Operations to Corresponding Presentation in Consolidated Statement of Operations

The following reclassifications outlined in the table below were made to the consolidated statement of operations for the year ended December 31, 2017 to conform the presentation of revenues for Cemetery Operations to the corresponding presentation in the consolidated statement of operations for the year ended December 31, 2018.

Financial Statement Line Item	2017 As Previously Reported		Reclassifications			2017 As Adjusted
Revenues:
Cemetery:
Interments	$	—	$	75,077		$	75,077
Merchandise		159,546		(83,944	)		75,602
Services		62,435		8,269			70,704
Investment and other		54,715		598			55,313
Total Cemetery Revenues	$	276,696	$	—		$	276,696

Schedule of Assets Held for Sale

Assets held for sale consisted of the following at the date indicated (in thousands):

Estimated Useful Lives

Maintenance and repairs are charged to expense as incurred, whereas additions and major replacements are capitalized and depreciation is recorded over their estimated useful lives as follows:

Buildings and improvements	10 to 40 years
Furniture and equipment	3 to 10 years
Leasehold improvements	over the shorter of the term of the lease or the life of the asset

Reconciliation of Net Income (Loss) Allocated to Common Limited Partners

The following is a reconciliation of net loss allocated to the common limited partners for purposes of calculating net loss attributable to common limited partners per unit (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net loss	$	(42,652	)	$	(17,225	)	$	(99,584	)	$	(52,165	)
Less: Incentive distribution right (“IDR”) payments to general partner		—			—			—			—
Net loss to allocate to general and limited partners		(42,652	)		(17,225	)		(99,584	)		(52,165	)
General partner’s interest excluding IDRs		(426	)		(179	)		(1,018	)		(543	)
Net loss attributable to common limited partners	$	(42,226	)	$	(17,046	)	$	(98,566	)	$	(51,622	)

The following is a reconciliation of net income (loss) allocated to the common limited partners for purposes of calculating net income (loss) attributable to common limited partners per unit (in thousands):

	Years Ended December 31,
	2018			2017
Net loss	$	(72,699	)	$	(75,158	)
Less: Incentive distribution right (“IDR”) payments to general partner		—			—
Net loss to allocate to general and limited partners		(72,699	)		(75,158	)
General partner’s interest excluding IDRs		(757	)		(782	)
Net loss attributable to common limited partners	$	(71,942	)	$	(74,376	)

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The cumulative effect of adopting the new revenue standard impacted the Partnership’s consolidated January 1, 2018 balance sheet as follows (in thousands):

Balance Sheet	Balance as of December 31, 2017			Impact of Adoption of FASB ASC 606			Balance as of January 1, 2018
Assets
Current Assets:
Cash and cash equivalents	$	6,821		$	-		$	6,821
Accounts receivable, net of allowance		79,116			(6,122	)		72,994
Prepaid expenses		4,580			-			4,580
Assets held for sale		1,016			-			1,016
Other current assets		21,453			-			21,453
Total current assets		112,986			(6,122	)		106,864
Long-term accounts receivable - net of allowance		105,935			(6,527	)		99,408
Cemetery property		333,404			(2,020	)		331,384
Property and equipment, net of accumulated      depreciation		114,090			-			114,090
Merchandise trusts, restricted, at fair value		515,456			-			515,456
Perpetual care trusts, restricted, at fair value		339,928			-			339,928
Deferred selling and obtaining costs		126,398			(18,557	)		107,841
Deferred tax assets		84			7			91
Goodwill		24,862			-			24,862
Intangible assets		63,244			-			63,244
Other assets		19,695			-			19,695
Total assets	$	1,756,082		$	(33,219	)	$	1,722,863
Liabilities and partners' capital
Current liabilities
Accounts payable and accrued liabilities	$	43,023		$	1,329		$	44,352
Accrued interest		1,781			-			1,781
Current portion, long-term debt		1,002			-			1,002
Total current liabilities		45,806			1,329			47,135
Long-term debt, net of deferred financing costs		317,693			-			317,693
Deferred revenues, net		912,626			(9,558	)		903,068
Deferred tax liabilities		9,638			(367	)		9,271
Perpetual care trust corpus		339,928			-			339,928
Other long term liabilities		38,695			3,474			42,169
Total liabilities		1,664,386			(5,122	)		1,659,264
Partners' capital
General partner		(2,959	)		(292	)		(3,251	)
Common partner		94,655			(27,805	)		66,850
Total partners' equity		91,696			(28,097	)		63,599
Total liabilities and partners' equity	$	1,756,082		$	(33,219	)	$	1,722,863

In accordance with FASB ASC 606 under the modified retrospective approach, the Partnership is required to disclose the impact of the new revenue standard by comparing the results of the current reporting period under FASB ASC 605. The impact of adopting ASC 606 on the Partnership’s condensed consolidated statement of operations for the year ended December 31, 2018 is as follows:

	Year Ended December 31, 2018
Statement of Operations	As Reported Under FASB ASC 606			Balances if Reported Under FASB ASC 605			Impact of Adoption
Revenues:
Cemetery:
Interments	$	76,902		$	69,111		$	7,791
Merchandise		75,412			69,578			5,834
Services		67,278			68,642			(1,364	)
Investment and other		42,343			53,787			(11,444	)
Funeral home:		-
Merchandise		25,652			25,540			112
Services		28,539			28,998			(459	)
Total revenues	$	316,126		$	315,656		$	470
Costs and Expenses:
Cost of goods sold	$	54,647		$	55,934		$	(1,287	)
Cemetery expenses		78,708			78,708			-
Selling expense		62,538			60,763			1,775
General and administrative expense		43,081			42,720			361
Corporate overhead		53,281			53,281			-
Depreciation and amortization		11,736			11,736			-
Funeral home expenses:		-
Merchandise		6,579			6,579			-
Services		22,159			22,201			(42	)
Other		15,787			15,755			32
Total costs and expenses	$	348,516		$	347,677		$	839
Gain on acquisitions and divestitures	$	691		$	691
Other losses, net		(12,195	)		(12,195	)		-
Interest expense		(30,602	)		(30,602	)		-
Loss before income taxes		(74,496	)		(74,127	)		(369	)
Income tax benefit (expense)		1,797			1,314			483
Net loss	$	(72,699	)	$	(72,813	)	$	114

Reconciliation of Partnership's Weighted Average Number of Common Limited Partner Units

The following table sets forth the reconciliation of the Partnership’s weighted average number of common limited partner units used to compute basic net loss attributable to common limited partners per unit with those used to compute diluted net loss attributable to common limited partners per unit (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Weighted average number of common limited partner units—basic		38,916		37,959		38,438		37,959
Effect of dilutive incentive awards(1)		—		—		—		—
Weighted average number of common limited partner units—diluted		38,916		37,959		38,438		37,959

⁽¹⁾ For the three and nine months ended September 30, 2019, the diluted weighted average number of limited partner units outstanding presented on the unaudited condensed consolidated statement of operations does not include 563,183 units as their effects would be anti-dilutive. In addition, all outstanding Preferred Units are exempt for purposes of calculating the diluted weighted average number of common limited partner units, as their conversion is not based on meeting a contingency derived from the Partnership’s unit price. The Preferred Units are convertible upon the completion of the Rights Offering (defined herein), which occurred early in the fourth quarter of 2019. For further detail on the Rights Offering, see Note 17 Subsequent Events. For the three and nine months ended September 30, 2018, the diluted weighted average number of limited partner units outstanding presented on the unaudited condensed consolidated statement of operations does not include 560,839 units, as their effects would be anti-dilutive.

The following table sets forth the reconciliation of the Partnership’s weighted average number of common limited partner units used to compute basic net income (loss) attributable to common limited partners per unit with those used to compute diluted net income (loss) attributable to common limited partners per unit (in thousands):

	Years Ended December 31,
	2018		2017
Weighted average number of common limited partner units—basic		37,959		37,948
Add effect of dilutive incentive awards (1)		—		—
Weighted average number of common limited partner units—diluted		37,959		37,948

(1) The diluted weighted average number of limited partners’ units outstanding presented on the consolidated statement of operations does not include 1,333,572 units and 289,937 units for the years ended December 31, 2018 and 2017, respectively, as their effects would be anti-dilutive.