XML 66 R51.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Income Taxes Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The provision (benefit) for income taxes for the years ended December 31, 2016, 2017 and 2018 consisted of the following (in thousands):
| Year Ended December 31,
| 2016 |  | 2017 |  | 2018
Current: |  |  |  |  |
U. S. federal provision | $ | 6,609 |  |  | $ | 6,425 |  |  | $ | 1,489 |
State provision | 1,195 |  |  | 815 |  |  | 1,309 |
Total current provision | $ | 7,804 |  |  | $ | 7,240 |  |  | $ | 2,798 |
Deferred: |  |  |  |  |
U. S. federal provision (benefit) | $ | 3,475 |  |  | $ | (12,881 | ) |  | $ | 2,831 |
State provision | 1,381 |  |  | 1,230 |  |  | 992 |
Total deferred provision (benefit) | $ | 4,856 |  |  | $ | (11,651 | ) |  | $ | 3,823 |
Total income tax provision (benefit) | $ | 12,660 |  |  | $ | (4,411 | ) |  | $ | 6,621 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of taxes calculated at the U.S. federal statutory rate to those reflected in the Consolidated Statements of Operations for the years ended December 31, 2016, 2017 and 2018 is as follows (dollars in thousands):
| Year Ended December 31, |
| 2016 |  | 2017 |  | 2018 |
| Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent |
Federal statutory rate | $ | 11,300 |  |  | 35.0 |  | % | $ | 11,474 |  |  | 35.0 |  | % | $ | 3,834 |  |  | 21.0 |  | %
Effect of state income taxes, net of federal benefit | 1,127 |  |  | 3.5 |  |  | 1,304 |  |  | 4.0 |  |  | 1,776 |  |  | 9.7 |  |
Effect of non-deductible expenses and other, net | 213 |  |  | 0.7 |  |  | (36 | ) |  | (0.1 | ) |  | 1,451 |  |  | 7.9 |  |
Change in valuation allowance | 20 |  |  | 0.1 |  |  | 23 |  |  | 0.1 |  |  | 26 |  |  | 0.1 |  |
Re-measurement of deferred taxes due to tax reform | — |  |  | — |  |  | (17,176 | ) |  | (52.4 | ) |  | (466 | ) |  | (2.5 | ) |
Total | $ | 12,660 |  |  | 39.3 |  | % | $ | (4,411 | ) |  | (13.5 | ) | % | $ | 6,621 |  |  | 36.2 |  | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences from total operations that give rise to significant deferred tax assets and liabilities at December 31, 2017 and 2018 were as follows (in thousands):
| Year Ended December 31,
| 2017 |  | 2018
Deferred income tax assets: |  |  |
Net operating loss carryforwards | $ | 1,978 |  |  | $ | 1,569 |
Tax credit carryforwards | 133 |  |  | 133 |
State bonus depreciation | 494 |  |  | 970 |
Accrued liabilities and other | 6,136 |  |  | 7,544 |
Amortization of non-compete agreements | 873 |  |  | 1,135 |
Preneed liabilities, net | 5,239 |  |  | 4,242 |
Total deferred income tax assets | 14,853 |  |  | 15,593 |
Less valuation allowance | (244 | ) |  | (276 | )
Total deferred income tax assets | $ | 14,609 |  |  | $ | 15,317 |
Deferred income tax liabilities: |  |  |
Depreciation and amortization | $ | (41,447 | ) |  | $ | (46,205 | )
Convertible subordinated notes due 2021 | (4,096 | ) |  | (131 | )
Prepaids and other | (225 | ) |  | (244 | )
Total deferred income tax liabilities | (45,768 | ) |  | (46,580 | )
Total net deferred tax liabilities | $ | (31,159 | ) |  | $ | (31,263 | )
Current deferred tax asset | $ | — |  |  | $ | — |
Non-current deferred tax liabilities | (31,159 | ) |  | (31,263 | )
Total net deferred tax liabilities | $ | (31,159 | ) |  | $ | (31,263 | )
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
| Year Ended December 31,
| 2016 |  | 2017 |  | 2018
Unrecognized tax benefit at beginning of year | $ | 814 |  |  | $ | — |  |  | $ | — |
Reductions based on tax positions related to the prior year | (17 | ) |  | — |  |  | — |
Reductions for tax year 2011 federal audit | (568 | ) |  | — |  |  | — |
Reductions based on tax positions related to the current year | (229 | ) |  | — |  |  | — |
Reductions as a result of a lapse of the applicable statute of limitations | — |  |  | — |  |  | — |
Unrecognized tax benefit at end of year | $ | — |  |  | $ | — |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration