XML 19 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Revenues $ 267,992 $ 258,139 $ 248,200
Field costs and expenses:      
Cemetery property amortization 3,602 3,350 3,905
Field depreciation expense 12,015 11,024 10,014
Regional and unallocated funeral and cemetery costs 12,749 13,339 10,844
Other expenses 1,548 1,321 1,122
Total field costs and expenses 192,045 181,340 168,550
Gross profit 75,947 76,799 79,650
Corporate costs and expenses:      
General, administrative and other 30,827 26,253 27,944
Home office depreciation and amortization 1,813 1,605 1,502
Total corporate costs and expenses 32,640 27,858 29,446
Operating income 43,307 48,941 50,204
Interest expense (21,109) (12,948) (11,738)
Accretion of discount on 2.75% convertible subordinated notes (2,192) (4,329) (3,870)
Loss on early extinguishment of debt (502) 0 (567)
Other, net (1,238) 1,118 (1,788)
Income before income taxes 18,266 32,782 32,241
Provision for income taxes (5,754) (13,100) (12,682)
Tax adjustment related to certain discrete items (867) 17,511 22
Total (provision) benefit for income taxes (6,621) 4,411 (12,660)
Net income $ 11,645 $ 37,193 $ 19,581
Basic earnings per common share (in dollars per share) $ 0.64 $ 2.25 $ 1.18
Diluted earnings per common share (in dollars per share) 0.63 2.09 1.12
Dividends declared per share (in dollars per share) $ 0.30 $ 0.225 $ 0.15
Weighted average number of common and common equivalent shares outstanding:      
Basic (in shares) 17,971 16,438 16,515
Diluted (in shares) 18,374 17,715 17,460
Service revenue      
Revenue:      
Revenues $ 138,604 $ 132,592 $ 124,361
Field costs and expenses:      
Cost of goods and services 72,123 66,884 61,586
Property and merchandise revenue      
Revenue:      
Revenues 112,253 108,046 105,210
Field costs and expenses:      
Cost of goods and services 90,008 85,422 81,079
Other revenue      
Revenue:      
Revenues $ 17,135 $ 17,501 $ 18,629