Segment Data

9 Months Ended

Jul. 31, 2011

Segment Data [Abstract]

Segment Data

(9) Segment Data

     The Company has determined that management’s approach to operating the business indicates that there are three operating and reportable segments: a funeral segment, a cemetery segment and a corporate trust management segment. The Company does not aggregate its operating segments. Therefore, its operating and reportable segments are the same. The tables below present information about reported segments for the three and nine months ended July 31, 2011 and 2010 for the Company’s continuing operations only. Prior period data has been retrospectively adjusted to conform to this presentation.

	Total Revenue				Total Revenue
	Three Months		Three Months		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	July 31, 2011		July 31, 2010		July 31, 2011		July 31, 2010
Funeral	$	64,846	$	63,069	$	203,254	$	197,447
Cemetery(1)		53,544		54,023		161,370		159,603
Corporate Trust Management(2)		5,967		5,466		18,662		17,553
Total	$	124,357	$	122,558	$	383,286	$	374,603

	Total Gross Profit				Total Gross Profit
	Three Months		Three Months		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	July 31, 2011		July 31, 2010		July 31, 2011		July 31, 2010
Funeral	$	10,703	$	11,327	$	41,139	$	39,527
Cemetery(1)		5,544		6,025		17,255		16,893
Corporate Trust Management(2)		5,505		5,080		17,354		16,335
Total	$	21,752	$	22,432	$	75,748	$	72,755

	Net Total Preneed Merchandise				Net Total Preneed Merchandise
	and Service Sales(3)				and Service Sales(3)
	Three Months		Three Months		Nine Months		Nine Months
	Ended		Ended		Ended		Ended
	July 31, 2011		July 31, 2010		July 31, 2011		July 31, 2010
Funeral	$	26,283	$	25,526	$	70,287	$	70,821
Cemetery		13,162		12,975		37,380		35,513
Total	$	39,445	$	38,501	$	107,667	$	106,334

(1)	Perpetual care trust earnings are included in the revenues and gross profit of the cemetery segment and amounted to $1,988 and $2,186 for the three months ended July 31, 2011 and 2010, respectively, and $5,981 and $6,005 for the nine months ended July 31, 2011 and 2010, respectively.
(2)	Corporate trust management consists of trust management fees and funeral and cemetery merchandise and services trust earnings recognized with respect to preneed contracts delivered during the period. Trust management fees are established by the Company at rates consistent with industry norms based on the fair market value of the assets managed and are paid by the trusts to the Company’s subsidiary, Investors Trust, Inc. The trust earnings represent the amount of distributable earnings as stipulated by the Company’s respective trust agreements that are generated by the trusts over the life of the preneed contracts and allocated to those products and services delivered during the relevant periods. Trust management fees included in funeral revenue for the three months ended July 31, 2011 and 2010 were $1,201 and $1,107, respectively, and funeral trust earnings recognized with respect to preneed contracts delivered included in funeral revenue for the three months ended July 31, 2011 and 2010 were $2,714 and $2,509, respectively. Trust management fees included in cemetery revenue for the three months ended July 31, 2011 and 2010 were $1,349 and $1,197, respectively, and cemetery trust earnings recognized with respect to preneed contracts delivered included in cemetery revenue for the three months ended July 31, 2011 and 2010 were $703 and $653, respectively. Trust management fees included in funeral revenue for the nine months ended July 31, 2011 and 2010 were $3,614 and $3,369, respectively, and funeral trust earnings for the nine months ended July 31, 2011 and 2010 were $8,733 and $8,648, respectively. Trust management fees included in cemetery revenue for the nine months ended July 31, 2011 and 2010 were $4,000 and $3,621, respectively, and cemetery trust earnings for the nine months ended July 31, 2011 and 2010 were $2,315 and $1,915, respectively.
(3)	Preneed sales amounts represent total preneed funeral trust and insurance sales and cemetery service and merchandise trust sales generated in the applicable period, net of cancellations.

     A reconciliation of total segment gross profit to total earnings from continuing operations before income taxes for the three and nine months ended July 31, 2011 and 2010 is as follows:

	Three Months Ended July 31,						Nine Months Ended July 31,
	2011			2010			2011			2010
Gross profit for reportable segments	$	21,752		$	22,432		$	75,748		$	72,755
Corporate general and administrative expenses		(7,069	)		(7,937	)		(20,358	)		(20,723	)
Hurricane related recoveries (charges), net		12,349			(30	)		12,245			(62	)
Net gain (loss) on dispositions		11			—			(389	)		—
Other operating income, net		512			607			1,193			1,051
Interest expense		(5,500	)		(6,184	)		(16,968	)		(18,531	)
Loss on early extinguishment of debt		(73	)		(106	)		(1,884	)		(89	)
Investment and other income, net		30			62			394			122
Earnings from continuing operations before income taxes	$	22,012		$	8,844		$	49,981		$	34,523