CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
| Segment Reporting Information [Line Items] |
|
|
|
|
| Total revenues |
$ 64,241
|
$ 61,054
|
$ 201,475
|
$ 193,063
|
| Field costs and expenses: |
|
|
|
|
| Total field costs and expenses |
47,127
|
45,574
|
143,348
|
135,824
|
| Depreciation and amortization |
4,011
|
3,601
|
11,688
|
10,719
|
| Regional and unallocated funeral and cemetery costs |
2,114
|
3,937
|
8,662
|
9,845
|
| Gross profit |
17,114
|
15,480
|
58,127
|
57,239
|
| Corporate costs and expenses: |
|
|
|
|
| General, administrative and other |
6,344
|
6,134
|
19,342
|
19,549
|
| Home office depreciation and amortization |
505
|
401
|
1,412
|
1,155
|
| Total corporate costs and expenses |
6,849
|
6,535
|
20,754
|
20,704
|
| Operating income |
10,265
|
8,945
|
37,373
|
36,535
|
| Interest expense |
(6,285)
|
(3,282)
|
(14,763)
|
(9,517)
|
| Accretion of discount on convertible subordinated notes |
246
|
1,097
|
1,961
|
3,200
|
| Net loss on early extinguishment of debt |
0
|
0
|
(936)
|
0
|
| Other, net |
(347)
|
(6)
|
(345)
|
(3)
|
| Income before income taxes |
3,387
|
4,560
|
19,368
|
23,815
|
| Provision for income taxes |
(1,028)
|
(1,824)
|
(5,423)
|
(9,526)
|
| Tax adjustment related to certain discrete items |
(159)
|
302
|
358
|
243
|
| Total provision for income taxes |
(1,187)
|
(1,522)
|
(5,065)
|
(9,283)
|
| Net income |
$ 2,200
|
$ 3,038
|
$ 14,303
|
$ 14,532
|
| Basic earnings per common share: |
|
|
|
|
| Continuing operations (in dollars per Share) |
$ 0.11
|
$ 0.18
|
$ 0.80
|
$ 0.87
|
| Continuing operations (in dollars per Share) |
0.11
|
0.17
|
0.78
|
0.81
|
| Dividends declared per common share (in dollars per Share) |
$ 0.075
|
$ 0.05
|
$ 0.225
|
$ 0.150
|
| Weighted average number of common and common equivalent shares outstanding: |
|
|
|
|
| Basic (in Shares) |
19,060
|
16,476
|
17,701
|
16,575
|
| Diluted (in Shares) |
19,161
|
17,598
|
18,273
|
17,887
|
| Funeral |
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
| Total revenues |
$ 49,843
|
$ 47,329
|
$ 156,969
|
$ 150,279
|
| Other Cost of Operating Revenue |
31,734
|
29,267
|
95,815
|
89,118
|
| Corporate costs and expenses: |
|
|
|
|
| Operating income |
13,644
|
12,570
|
45,962
|
45,951
|
| Income before income taxes |
13,417
|
12,394
|
45,244
|
45,414
|
| Cemetery |
|
|
|
|
| Segment Reporting Information [Line Items] |
|
|
|
|
| Total revenues |
14,398
|
13,725
|
44,506
|
42,784
|
| Other Cost of Operating Revenue |
9,268
|
8,769
|
27,183
|
26,142
|
| Corporate costs and expenses: |
|
|
|
|
| Operating income |
3,470
|
2,910
|
12,165
|
11,288
|
| Income before income taxes |
$ 3,560
|
$ 3,002
|
$ 12,406
|
$ 11,609
|