Unaudited Condensed Consolidated Statement of Cash Flows Statement (USD $)
In Thousands | 9 Months Ended |
|---|
Sep. 30, 2011 | Sep. 30, 2010 |
|---|
| Cash flows from operating activities: | | |
| Net income | $ 101,682 | $ 90,232 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | |
| Loss on early extinguishment of debt, net | 3,504 | 9,357 |
| Depreciation and amortization | 88,363 | 87,676 |
| Amortization of intangible assets | 19,497 | 18,816 |
| Amortization of cemetery property | 27,889 | 23,438 |
| Amortization of loan costs | 3,259 | 3,223 |
| Provision for doubtful accounts | 6,431 | 4,137 |
| Provision for deferred income taxes | 40,038 | 39,273 |
| Losses (gains) on divestitures and impairment charges, net | 15,264 | (5,831) |
| Share-based compensation | 6,843 | 6,714 |
| Excess tax benefit from share-based awards | 0 | (831) |
| Change in assets and liabilities, net of effects from acquisitions and divestitures: | | |
| Decrease in receivables | 13,583 | 6,793 |
| Decrease (increase) in other assets | 2,560 | (1,094) |
| Increase in payables and other liabilities | 7,808 | 7,687 |
| Effect of preneed funeral production and maturities: | | |
| Decrease in preneed funeral receivables, net and trust investments | 47,263 | 30,434 |
| Decrease in deferred preneed funeral revenue | (30,724) | (4,218) |
| Decrease in deferred preneed funeral receipts held in trust | (33,203) | (27,240) |
| Effect of cemetery production and deliveries: | | |
| Increase in preneed cemetery receivables, net and trust investments | (47,977) | (29,849) |
| Increase in deferred preneed cemetery revenue | 26,502 | 7,369 |
| (Decrease) increase in deferred preneed cemetery receipts held in trust | (6,280) | 1,496 |
| Other | (989) | (1,471) |
| Net cash provided by operating activities | 291,313 | 266,111 |
| Cash flows from investing activities: | | |
| Capital expenditures | (85,936) | (67,443) |
| Acquisitions | (97,473) | (281,800) |
| Proceeds from divestitures and sales of property and equipment, net | 15,233 | 82,866 |
| Net withdrawals of restricted funds and other | 956 | 26,440 |
| Net cash used in investing activities | (167,220) | (239,937) |
| Cash flows from financing activities: | | |
| Proceeds from issuance of long-term debt | 65,000 | 245,000 |
| Debt issuance costs | 0 | (6,203) |
| Payments of debt | (2,169) | (32,398) |
| Early extinguishment of debt | (43,089) | (118,562) |
| Repayments of Debt | 43,089 | 118,562 |
| Principal payments on capital leases | (17,186) | (40,716) |
| Proceeds from exercise of stock options | 7,694 | 1,469 |
| Excess tax benefit from share-based awards | 0 | 831 |
| Purchase of Company common stock | (146,590) | (86,871) |
| Payments of dividends | (33,395) | (30,224) |
| Bank overdrafts and other | 3,573 | (5,655) |
| Net cash used in financing activities | (166,162) | (73,329) |
| Effect of foreign currency on cash and cash equivalents | (1,740) | 3,223 |
| Net decrease in cash and cash equivalents | (43,809) | (43,932) |
| Cash and cash equivalents at beginning of period | 170,846 | 179,745 |
| Cash and cash equivalents at end of period | $ 127,037 | $ 135,813 |