|
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2014
|
Mar. 31, 2013
|
| Segment Reporting Information [Line Items] |
|
|
| Total revenues |
$ 55,847 |
$ 57,315 |
| Field costs and expenses: |
|
|
| Depreciation and amortization |
2,422 |
2,476 |
| Regional and unallocated funeral and cemetery costs |
2,379 |
2,759 |
| Total field costs and expenses |
37,800 |
38,402 |
| Gross profit |
18,047 |
18,913 |
| Corporate costs and expenses: |
|
|
| General and administrative costs and expenses |
9,335 |
6,282 |
| Home office depreciation and amortization |
342 |
347 |
| Total corporate costs and expenses |
9,677 |
6,629 |
| Operating income |
8,370 |
12,284 |
| Interest expense |
(2,845) |
(2,595) |
| Amortization of Debt Discount (Premium) |
(171) |
0 |
| Loss on redemption of convertible junior subordinated debentures |
(3,778) |
0 |
| Other Income |
1,130 |
0 |
| Income from continuing operations before income taxes |
2,706 |
9,689 |
| Provision for income taxes |
(1,055) |
(4,280) |
| Net income from continuing operations |
1,651 |
5,409 |
| Income (loss) from discontinued operations, net of tax |
567 |
(151) |
| Net income |
2,218 |
5,258 |
| Preferred stock dividend |
0 |
(4) |
| Net income available to common stockholders |
2,218 |
5,254 |
| Basic earnings (loss) per common share: |
|
|
| Continuing operations (in dollars per Share) |
$ 0.09 |
$ 0.30 |
| Discontinued operations (in dollars per Share) |
$ 0.03 |
$ (0.01) |
| Basic earnings per common share (in dollars per Share) |
$ 0.12 |
$ 0.29 |
| Diluted earnings (loss) per common share: |
|
|
| Continuing operations (in dollars per Share) |
$ 0.09 |
$ 0.26 |
| Discontinued operations (in dollars per Share) |
$ 0.03 |
$ (0.01) |
| Diluted earnings per common share (in dollars per Share) |
$ 0.12 |
$ 0.25 |
| Dividends declared per common share (in dollars per Share) |
$ 0.025 |
$ 0.025 |
| Weighted average number of common and common equivalent shares outstanding: |
|
|
| Basic (in Shares) |
17,984 |
17,657 |
| Diluted (in Shares) |
18,143 |
22,246 |
|
Funeral [Member]
|
|
|
| Segment Reporting Information [Line Items] |
|
|
| Total revenues |
44,159 |
45,051 |
| Field costs and expenses: |
|
|
| Total field costs and expenses |
26,039 |
26,352 |
| Corporate costs and expenses: |
|
|
| Income from continuing operations before income taxes |
14,355 |
14,694 |
|
Cemetery [Member]
|
|
|
| Segment Reporting Information [Line Items] |
|
|
| Total revenues |
11,688 |
12,264 |
| Field costs and expenses: |
|
|
| Total field costs and expenses |
6,960 |
6,815 |
| Corporate costs and expenses: |
|
|
| Income from continuing operations before income taxes |
$ 3,303 |
$ 3,891 |