CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
| Segment Reporting Information [Line Items] |
|
|
|
|
| Total revenues |
$ 61,054
|
$ 60,140
|
$ 193,063
|
$ 185,336
|
| Field costs and expenses: |
|
|
|
|
| Total field costs and expenses |
45,574
|
41,912
|
135,824
|
126,998
|
| Depreciation and amortization |
3,601
|
3,452
|
10,719
|
10,359
|
| Regional and unallocated funeral and cemetery costs |
3,937
|
2,783
|
9,845
|
8,547
|
| Gross profit |
15,480
|
18,228
|
57,239
|
58,338
|
| Corporate costs and expenses: |
|
|
|
|
| General, administrative and other |
6,134
|
6,130
|
19,549
|
21,208
|
| Home office depreciation and amortization |
401
|
355
|
1,155
|
1,139
|
| Total corporate costs and expenses |
6,535
|
6,485
|
20,704
|
22,347
|
| Operating income |
8,945
|
11,743
|
36,535
|
35,991
|
| Interest expense |
(3,282)
|
(2,903)
|
(9,517)
|
(8,722)
|
| Accretion of discount on convertible subordinated notes |
(1,097)
|
(981)
|
(3,200)
|
(2,862)
|
| Loss on early extinguishment of debt |
0
|
0
|
0
|
(567)
|
| Other, net |
(6)
|
(285)
|
(3)
|
20
|
| Income before income taxes |
4,560
|
7,574
|
23,815
|
23,860
|
| Provision for income taxes |
(1,824)
|
(3,030)
|
(9,526)
|
(9,545)
|
| Tax adjustment related to certain discrete items |
302
|
1,139
|
243
|
1,139
|
| Total provision for income taxes |
(1,522)
|
(1,891)
|
(9,283)
|
(8,406)
|
| Net income |
$ 3,038
|
$ 5,683
|
$ 14,532
|
$ 15,454
|
| Basic earnings per common share: |
|
|
|
|
| Continuing operations (in dollars per Share) |
$ 0.18
|
$ 0.34
|
$ 0.87
|
$ 0.93
|
| Continuing operations (in dollars per Share) |
0.17
|
0.33
|
0.81
|
0.91
|
| Dividends declared per common share (in dollars per Share) |
$ 0.05
|
$ 0.050
|
$ 0.150
|
$ 0.100
|
| Weighted average number of common and common equivalent shares outstanding: |
|
|
|
|
| Basic (in Shares) |
16,476
|
16,529
|
16,575
|
16,502
|
| Diluted (in Shares) |
17,598
|
17,101
|
17,887
|
16,962
|
| Funeral [Member] |
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
| Total revenues |
$ 47,329
|
$ 45,183
|
$ 150,279
|
$ 140,952
|
| Field costs and expenses: |
|
|
|
|
| Total field costs and expenses |
29,267
|
26,982
|
89,118
|
82,546
|
| Corporate costs and expenses: |
|
|
|
|
| Income before income taxes |
12,394
|
13,478
|
45,414
|
44,322
|
| Cemetery [Member] |
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
| Total revenues |
13,725
|
14,957
|
42,784
|
44,384
|
| Field costs and expenses: |
|
|
|
|
| Total field costs and expenses |
8,769
|
8,695
|
26,142
|
25,546
|
| Corporate costs and expenses: |
|
|
|
|
| Income before income taxes |
$ 3,002
|
$ 4,327
|
$ 11,609
|
$ 12,875
|