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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2015
Business Combinations [Abstract] |
Summary of purchase price | The following table summarizes the breakdown of the purchase price for the two businesses described above (in thousands):
| Purchase Price
Cash paid | $ | 9,725 |
Deferred payments | 4,531 |
Contingent consideration | 762 |
Purchase Price | $ | 15,018 |
Effect of acquisitions on Consolidated Balance Sheets | The following table summarizes the fair value of the assets acquired for these businesses (in thousands):
Acquisition Date | Type of Business |  | Market |  | Assets Acquired (Excluding Goodwill) |  | Goodwill Recorded |  | Liabilities and Debt Assumed
February 25, 2015 | Funeral home |  | Clarksville, TN |  | $ | 4.9 |  |  | $ | 3.9 |  |  | $ | — |
November 17, 2015 | Funeral home |  | Wakeforest, NC |  | $ | 3.1 |  |  | $ | 3.1 |  |  | $ | — |
| Purchase Price Allocation
Current assets | $ | 92 |
Property, plant & equipment | 5,966 |
Goodwill | 6,974 |
Deferred charges and other non-current assets | 1,986 |
Purchase Price | $ | 15,018 |
Schedule of final valuations of acquisition | The following table summarizes the fair value of the assets acquired and liabilities assumed in our SCI Acquisition and the subsequent adjustments made based on the final valuations and additional information which became available prior to December 31, 2014 (in thousands):
| Initial Purchase Price Allocation |  | Adjustments |  | Final Purchase Price Allocation
Current assets | $ | 1,998 |  |  | 128 |  |  | 2,126 |
Property, plant & equipment | 16,457 |  |  | 2 |  |  | 16,459 |
Preneed cemetery trust investments | 3,632 |  |  | — |  |  | 3,632 |
Preneed funeral trust investments | 45 |  |  | — |  |  | 45 |
Goodwill | 33,826 |  |  | 3,827 |  |  | 37,653 |
Deferred charges and other non-current assets | 6,208 |  |  | (3,918 | ) |  | 2,290 |
Cemetery perpetual care investments | 7,491 |  |  | — |  |  | 7,491 |
Obligations under capital leases | (1,960 | ) |  | — |  |  | (1,960 | )
Deferred preneed cemetery revenue | (1,679 | ) |  | (39 | ) |  | (1,718 | )
Deferred preneed cemetery receipts held in trust | (3,632 | ) |  | — |  |  | (3,632 | )
Deferred preneed funeral receipts held in trust | (45 | ) |  | — |  |  | (45 | )
Care trusts' corpus | (7,491 | ) |  | — |  |  | (7,491 | )
Cash paid | $ | 54,850 |  |  | $ | — |  |  | $ | 54,850 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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