XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Revenues $ 82,295 $ 72,713 $ 243,589 $ 204,416
Costs and Expenses:        
Cost of goods sold 11,023 9,624 34,642 28,307
Cemetery expense 19,286 16,198 55,537 50,375
Selling expense 14,451 13,119 43,434 37,376
General and administrative expense 10,534 10,027 31,377 28,672
Corporate overhead 9,983 9,762 29,058 27,019
Depreciation and amortization 1,989 2,244 6,118 6,851
Total costs and expenses 77,351 70,122 228,786 204,517
Loss on sale of business and other impairments (70)   (2,290)  
Other losses, net (605)   (536)  
Operating income (loss) 4,269 2,591 11,977 (101)
Interest expense (9,256) (11,870) (29,706) (34,952)
Loss on debt extinguishment     (40,128)  
Loss from continuing operations before income taxes (4,987) (9,279) (57,857) (35,053)
Income tax benefit 240 1,129 11,652 3,333
Net loss from continuing operations (4,747) (8,150) (46,205) (31,720)
Discontinued operations (Note 2):        
(Loss) Income from operations of discontinued businesses (102) 293 1,347 28,952
Net (loss) income from discontinued operations (102) 293 1,347 28,952
Net loss $ (4,849) $ (7,857) $ (44,858) $ (2,768)
Net loss from continuing operations per common share (basic) $ (0.04) $ (0.07) $ (0.39) $ (0.31)
Net (loss) income from discontinued operations per common share (basic) (0.00) 0.00 0.01 0.28
Net loss per common share (basic) (0.04) (0.07) (0.38) (0.03)
Net loss from continuing operations per common share (diluted) (0.04) (0.07) (0.39) (0.31)
Net (loss) income from discontinued operations per common share (diluted) (0.00) 0.00 0.01 0.28
Net loss per common share (diluted) $ (0.04) $ (0.07) $ (0.38) $ (0.03)
Weighted average number of common shares outstanding - basic 118,003 117,819 117,956 103,341
Weighted average number of common shares outstanding - diluted 118,003 117,819 117,956 103,341
Cemetery        
Revenues:        
Revenues $ 70,814 $ 62,020 $ 209,922 $ 173,680
Costs and Expenses:        
Operating costs and expenses 55,294 48,968 164,990 144,730
Cemetery | Interments        
Revenues:        
Revenues 21,954 20,316 65,379 51,542
Cemetery | Merchandise        
Revenues:        
Revenues 16,935 15,949 51,004 44,918
Cemetery | Services        
Revenues:        
Revenues 17,240 16,078 52,219 47,656
Cemetery | Investment and other        
Revenues:        
Revenues 14,685 9,677 41,320 29,564
Funeral Home        
Revenues:        
Revenues 11,481 10,693 33,667 30,736
Costs and Expenses:        
Operating costs and expenses 10,085 9,148 28,620 25,917
Funeral Home | Merchandise        
Revenues:        
Revenues 6,120 5,793 17,542 16,004
Costs and Expenses:        
Operating costs and expenses 1,668 1,539 4,807 4,239
Funeral Home | Services        
Revenues:        
Revenues 5,361 4,900 16,125 14,732
Costs and Expenses:        
Operating costs and expenses 4,874 4,775 14,012 13,594
Funeral Home | Investment and other        
Costs and Expenses:        
Operating costs and expenses $ 3,543 $ 2,834 $ 9,801 $ 8,084