Basis of Presentation and Summary of Significant Accounting Policies (Tables)
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9 Months Ended |
Sep. 30, 2017 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Receivables |
Accounts receivable was comprised of the following at December 31, 2016 and September 30, 2017 (in thousands): | | | | | | | | | | December 31, 2016 | | September 30, 2017 | Funeral receivables, net of allowance for bad debt of $189 and $197, respectively | $ | 8,664 |
| | $ | 7,865 |
| Cemetery receivables, net of allowance for bad debt of $557 and $603, respectively | 9,862 |
| | 10,552 |
| Other receivables | 334 |
| | 404 |
| Accounts receivable, net | $ | 18,860 |
| | $ | 18,821 |
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Non-current preneed receivables represent payments expected to be received beyond one year from the balance sheet date. Preneed receivables were comprised of the following at December 31, 2016 and September 30, 2017 (in thousands): | | | | | | | | | | December 31, 2016 | | September 30, 2017 | Funeral receivables, net of allowance for bad debt of $862 and $883, respectively | $ | 7,761 |
| | $ | 7,943 |
| Cemetery receivables, net of allowance for bad debt of $1,304 and $1,347, respectively | 22,622 |
| | 23,336 |
| Preneed receivable, net | $ | 30,383 |
| | $ | 31,279 |
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| Property, Plant and Equipment |
Property, plant and equipment was comprised of the following at December 31, 2016 and September 30, 2017 (in thousands): | | | | | | | | | | December 31, 2016 | | September 30, 2017 | Land | $ | 73,744 |
| | $ | 73,503 |
| Buildings and improvements | 195,214 |
| | 201,444 |
| Furniture, equipment and automobiles | 76,664 |
| | 74,170 |
| Property, plant and equipment, at cost | 345,622 |
| | 349,117 |
| Less: accumulated depreciation | (110,509 | ) | | (113,616 | ) | Property, plant and equipment, net | $ | 235,113 |
| | $ | 235,501 |
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| Schedule of Error Corrections and Prior Period Adjustments |
As a result, in accordance with SAB No. 108, we corrected our Consolidated Balance Sheets as of January 1, 2015. The effect of this adjustment on our Consolidated Balance Sheets as of December 31, 2016 is as follows (dollars in thousands): | | | | | | | | | % Change | Increase in Deferred tax liability | $ | 2,255 |
| 5.6 | % | Increase in Total liabilities | $ | 2,255 |
| 0.3 | % | Decrease in Retained earnings | $ | 2,255 |
| 9.8 | % | Decrease in Total stockholders' equity | $ | 2,255 |
| 1.3 | % |
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