SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS

June 30, 2020	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents, excluding restricted cash	$	—		$	—		$	—		$	39,747	$	3,115		$	—		$	42,862
Restricted cash		—			—			—			20,698		—			—			20,698
Assets held for sale		—			—			—			31,751		—			—			31,751
Other current assets		—			—			3,562			58,501		12,407			—			74,470
Total current assets		—			—			3,562			150,697		15,522			—			169,781
Long-term accounts receivable		—			—			2,365			60,158		10,583			—			73,106
Cemetery and funeral home property and equipment		—			—			529			362,525		32,340			—			395,394
Merchandise trusts		—			—			—			—		472,500			—			472,500
Perpetual care trusts		—			—			—			—		298,221			—			298,221
Deferred selling and obtaining costs		—			—			5,785			91,102		18,514			—			115,401
Intangible assets		—			—			—			73		55,579			—			55,652
Other assets		—			—			—			23,340		2,655			—			25,995
Investments in and amounts due from affiliates eliminated upon consolidation		—			263,960			—			610,236		—			(874,196	)		—
Total assets	$	—		$	263,960		$	12,241		$	1,298,131	$	905,914		$	(874,196	)	$	1,606,050
Liabilities and Owners' Equity
Current liabilities		—			—			205			73,563		1,532			—			75,300
Long-term debt, net of deferred financing costs		—			263,960			55,981			2,097		—			—			322,038
Deferred revenues		—			—			33,092			763,409		114,369			—			910,870
Perpetual care trust corpus		—			—			—			—		298,221			—			298,221
Other long-term liabilities		—			—			—			62,590		16,740			—			79,330
Investments in and amounts due to affiliates eliminated upon consolidation		79,709			79,709			170,019			319,941		526,515			(1,175,893	)		—
Total liabilities		79,709			343,669			259,297			1,221,600		957,377			(1,175,893	)		1,685,759
Owners' equity		(79,709	)		(79,709	)		(247,056	)		76,531		(51,463	)		301,697			(79,709	)
Total liabilities and owners' equity	$	—		$	263,960		$	12,241		$	1,298,131	$	905,914		$	(874,196	)	$	1,606,050

UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS (Continued)

December 31, 2019	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents, excluding restricted cash	$	—		$	—		$	—		$	33,553	$	1,314		$	—		$	34,867
Restricted cash		—			—			—			21,900		—			—			21,900
Assets held for sale		—			—			—			23,858		—			—			23,858
Other current assets		—			—			3,497			62,686		11,531			—			77,714
Total current assets		—			—			3,497			141,997		12,845			—			158,339
Long-term accounts receivable		—			—			2,557			63,124		9,868			—			75,549
Cemetery and funeral home property and equipment		—			—			609			391,626		31,770			—			424,005
Merchandise trusts		—			—			—			—		517,192			—			517,192
Perpetual care trusts		—			—			—			—		343,619			—			343,619
Deferred selling and obtaining costs		—			—			5,654			91,243		18,047			—			114,944
Intangible assets		—			—			—			136		56,110			—			56,246
Other assets		—			—			—			26,907		2,567			—			29,474
Investments in and amounts due from affiliates eliminated upon consolidation		—			301,531			—			648,359		—			(949,890	)		—
Total assets	$	—		$	301,531		$	12,317		$	1,363,392	$	992,018		$	(949,890	)	$	1,719,368
Liabilities and Owners' Equity
Current liabilities	$	—		$	—		$	161		$	74,674	$	1,466		$	—		$	76,301
Long-term debt, net of deferred financing costs		—			301,531			66,239			193		—			—			367,963
Deferred revenues		—			—			33,349			802,528		113,498			—			949,375
Perpetual care trust corpus		—			—			—			—		343,619			—			343,619
Liabilities held for sale, net of current portion
Other long-term liabilities		—			—			—			68,227		16,373			—			84,600
Investments in and amounts due to affiliates eliminated upon consolidation		102,490			102,490			183,611			367,770		567,666			(1,324,027	)		—
Total liabilities		102,490			404,021			283,360			1,313,392		1,042,622			(1,324,027	)		1,821,858
Owners' equity		(102,490	)		(102,490	)		(271,043	)		50,000		(50,604	)		374,137			(102,490	)
Total liabilities and owners' equity	$	—		$	301,531		$	12,317		$	1,363,392	$	992,018		$	(949,890	)	$	1,719,368

Condensed Consolidating Statements of Operations

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

Three Months Ended June 30, 2020	Parent			Partnership			CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—		$	—		$	1,197		$	58,703		$	13,605		$	(2,798	)	$	70,707
Total costs and expenses		—			—			(3,803	)		(57,161	)		(12,717	)		2,798			(70,883	)
Gain on sale of businesses		—			—			—			7,034			—			—			7,034
Other losses		—			—			—			(2,169	)		—			—			(2,169	)
Net (loss) income from equity investment in subsidiaries		(3,914	)		4,273			(3,398	)		—			—			3,039			—
Interest expense		—			(8,187	)		(1,798	)		(1,814	)		(296	)		—			(12,095	)
(Loss) income from operations before income taxes		(3,914	)		(3,914	)		(7,802	)		4,593			592			3,039			(7,406	)
Income tax benefit		—			—			—			3,492			—			—			3,492
Net (loss) income	$	(3,914	)	$	(3,914	)	$	(7,802	)	$	8,085		$	592		$	3,039		$	(3,914	)

Three Months Ended June 30, 2019				Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues				$	—		$	1,439		$	65,749		$	13,068		$	(1,761	)	$	78,495
Total costs and expenses					—			(4,038	)		(66,980	)		(15,997	)		1,761			(85,254	)
Other losses					—			—			(1,346	)		(2,083	)		—
Net loss from equity investment in subsidiaries					(30,577	)		(22,358	)		—			—			52,935			—
Interest expense					(2,883	)		(3,822	)		(2,369	)		(272	)		—			(9,346	)
Loss on debt extinguishment					(938	)		(1,441	)		(6,099	)		—			—			(8,478	)
Loss from operations before income taxes					(34,398	)		(30,220	)		(11,045	)		(5,284	)		52,935			(28,012	)
Income tax expense					—			—			(6,386	)		—			—			(6,386	)
Net loss				$	(34,398	)	$	(30,220	)	$	(17,431	)	$	(5,284	)	$	52,935		$	(34,398	)

Six Months Ended June 30, 2020	Parent		Partnership			CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues	$	—	$	—		$	2,391		$	118,401		$	26,674		$	(5,514	)	$	141,952
Total costs and expenses		—		—			(6,972	)		(116,145	)		(26,036	)		5,514			(143,639	)
Gain on sale of businesses		—		—			—			31,120			—			—			31,120
Other losses		—		—			—			(2,169	)		—			—			(2,169	)
Net income from equity investment in subsidiaries		5,089		21,974			9,187			—			—			(36,250	)		—
Interest expense		—		(16,885	)		(3,709	)		(3,196	)		(589	)		—			(24,379	)
Income from operations before income taxes		5,089		5,089			897			28,011			49			(36,250	)		2,885
Income tax benefit		—		—			—			2,204			—			—			2,204
Net income	$	5,089	$	5,089		$	897		$	30,215		$	49		$	(36,250	)	$	5,089

Six Months Ended June 30, 2019			Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Total revenues			$	—		$	3,003		$	125,501		$	24,200		$	(2,740	)	$	149,964
Total costs and expenses				—			(8,558	)		(132,915	)		(27,353	)		2,740			(166,086	)
Other losses				—			—			(1,346	)		(2,083	)		—			(3,429	)
Net loss from equity investment in subsidiaries				(51,753	)		(41,283	)		—			—			93,036			—
Interest expense				(4,241	)		(5,909	)		(11,825	)		(542	)		—			(22,517	)
Loss on debt extinguishment				(938	)		(1,441	)		(6,099	)		—			—			(8,478	)
Loss from operations before income taxes				(56,932	)		(54,188	)		(26,684	)		(5,778	)		93,036			(50,546	)
Income tax expense				—			—			(6,386	)		—			—			(6,386	)
Net loss			$	(56,932	)	$	(54,188	)	$	(33,070	)	$	(5,778	)	$	93,036		$	(56,932	)

Condensed Consolidating Statement of Cash Flows

UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

Six Months Ended June 30, 2020	Parent			Partnership		CFS West Virginia			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by operating activities	$	—		$	—	$	33		$	18,309		$	3,453		$	(20,594	)	$	1,201
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales		—			—		(8	)		46,039			(1,486	)		—			44,545
Payments to affiliates		(17,000	)		—		—			—			—			17,000			—
Net cash provided by investing activities		(17,000	)		—		(8	)		46,039			(1,486	)		17,000			44,545
Cash Flows From Financing Activities:
Proceeds from issuance of Series A Preferred Stock		8,800			—		—			—			—			—			8,800
Proceeds from issuance of Common Stock		8,200			—		—			—			—			—			8,200
Payments from affiliates		—			—		—			(3,594	)		—			3,594			—
Net borrowings and repayments of debt		—			—		(25	)		(51,491	)		(166	)		—			(51,682	)
Other financing activities		—			—		—			(4,271	)		—			—			(4,271	)
Net cash used in financing activities		17,000			—		(25	)		(59,356	)		(166	)		3,594			(38,953	)
Net increase in cash and cash equivalents and restricted cash		—			—		—			4,992			1,801			—			6,793
Cash and cash equivalents and restricted cash—Beginning of period		—			—		—			55,453			1,314			—			56,767
Cash and cash equivalents and restricted cash—End of period	$	—		$	—	$	—		$	60,445		$	3,115		$	—		$	63,560

Six Months Ended June 30, 2019	Parent			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash used in (provided by) operating activities	$	—		$	197		$	(21,647	)	$	28		$	(10,150	)	$	(31,572	)
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales		—			(173	)		(3,216	)		(199	)		—			(3,588	)
Payments to affiliates		(57,500	)		—			—			—			57,500			—
Net cash used investing activities		(57,500	)		(173	)		(3,216	)		(199	)		57,500			(3,588	)
Cash Flows From Financing Activities:
Payments from affiliates		—			—			47,350			—			(47,350	)		—
Proceeds from issuance of redeemable convertible preferred units, net		57,500			—			—			—			—			57,500
Net borrowings and repayments of debt		—			(24	)		39,076			(148	)		—			38,904
Other financing activities		—			—			(17,437	)		—			—			(17,437	)
Net cash provided (used in) by financing activities		57,500			(24	)		68,989			(148	)		(47,350	)		78,967
Net increase (decrease) in cash and cash equivalents and restricted cash		—			—			44,126			(319	)		—			43,807
Cash and cash equivalents and restricted cash —Beginning of period		—			—			16,298			1,849			—			18,147
Cash and cash equivalents and restricted cash —End of period	$	—		$	—		$	60,424		$	1,530		$	—		$	61,954