XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 70,707 $ 78,495 $ 141,952 $ 149,964
Costs and Expenses:        
Cost of goods sold 9,562 10,843 19,487 20,586
Cemetery expense 17,907 21,636 35,755 38,883
Selling expense 12,609 15,497 25,658 30,230
General and administrative expense 9,795 10,958 20,111 22,397
Corporate overhead 8,756 13,137 17,257 26,550
Depreciation and amortization 2,334 2,716 4,793 5,473
Total costs and expenses 70,883 85,254 143,639 166,086
Gain on sale of businesses 7,034   31,120  
Other losses (2,169) (3,429) (2,169) (3,429)
Operating income (loss) 4,689 (10,188) 27,264 (19,551)
Interest expense (12,095) (9,346) (24,379) (22,517)
Loss on debt extinguishment   (8,478)   (8,478)
(Loss) income from operations before income taxes (7,406) (28,012) 2,885 (50,546)
Income tax benefit (expense) 3,492 (6,386) 2,204 (6,386)
Net (loss) income $ (3,914) $ (34,398) $ 5,089 $ (56,932)
Net (loss) income per common share (basic) [1] $ (0.04) $ (0.87) $ 0.05 $ (1.46)
Net (loss) income per common share (diluted) [1] $ (0.04) $ (0.87) $ 0.05 $ (1.46)
Weighted average number of common shares outstanding - basic [2] 97,572 39,329 96,022 39,115
Weighted average number of common shares outstanding - diluted [2] 97,572 39,329 96,022 39,115
Cemetery        
Revenues:        
Revenues $ 58,932 $ 65,628 $ 116,998 $ 123,538
Costs and Expenses:        
Depreciation and amortization 1,619 1,920 3,323 3,882
Operating costs and expenses 49,873 58,934 101,011 112,096
Cemetery | Interments        
Revenues:        
Revenues 17,392 20,995 33,346 36,939
Cemetery | Merchandise        
Revenues:        
Revenues 15,073 17,315 30,239 33,856
Cemetery | Services        
Revenues:        
Revenues 16,928 17,365 32,488 33,332
Cemetery | Investment and other        
Revenues:        
Revenues 9,539 9,953 20,925 19,411
Funeral Home        
Revenues:        
Revenues 11,775 12,867 24,954 26,426
Costs and Expenses:        
Depreciation and amortization 489 598 1,028 1,186
Operating costs and expenses 9,920 10,467 20,578 21,967
Funeral Home | Merchandise        
Revenues:        
Revenues 5,609 6,073 12,177 12,348
Costs and Expenses:        
Operating costs and expenses 1,538 1,014 3,314 3,331
Funeral Home | Services        
Revenues:        
Revenues 6,166 6,794 12,777 14,078
Costs and Expenses:        
Operating costs and expenses 5,297 5,459 10,694 11,012
Funeral Home | Investment and other        
Costs and Expenses:        
Operating costs and expenses $ 3,085 $ 3,994 $ 6,570 $ 7,624
[1] For the three and six months ended June 30, 2020, represents net (loss) income divided by weighted average number of common shares outstanding and for the three and six months ended June 30, 2019, represents net loss divided by weighted average number of common limited partner units outstanding.
[2] For the three and six months ended June 30, 2020, represents weighted average number of common shares outstanding and for the three and six months ended June 30, 2019, represents weighted average number of common limited partner units outstanding.