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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2020
Share-based Payment Arrangement [Abstract] |
Valuation Assumptions | The fair value of the right (option) to purchase shares under the ESPP is estimated at the date of purchase with the four quarterly purchase dates using the following assumptions:
| 2020
Dividend yield | 0.01 | %
Expected volatility | 48.63 | %
Risk-free interest rate | 1.54%,1.57%,1.57%,1.56% |
Expected life (years) | 0.25, 0.50, 0.75, 1.00 |
The fair value of the options granted were estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions:
| 2020
Dividend yield | 1.67 | %
Expected volatility | 38.54 | %
Risk-free interest rate | 0.25 | %
Expected holding period (years) | 3.74 |
Black-Scholes value | $4.61
The fair values of the performance awards granted during the three months ended June 30, 2020 were determined by using the Monte-Carlo simulation pricing model with the following assumptions:
| May 19, 2020 |  | June 25, 2020
Performance period | May 19, 2020 - December 31, 2024 |  |  | June 25, 2020 - December 31, 2024 |
Simulation period (years) | 4.62 |  |  | 4.52 |
Share price at grant date | $15.79 |  | $18.02
Expected volatility | 34.54 | % |  | 36.24 | %
Risk-free interest rate | 0.33 | % |  | 0.29 | %
Dividends Declared | the six months ended June 30, 2019 and 2020, our Board declared the following dividends payable on the dates below (in thousands, except per share amounts):
2019 | Per Share |  | Dollar Value
March 1 st | $ | 0.075 |  |  | $ | 1,360 |
June 1 st | $ | 0.075 |  |  | $ | 1,365 |
2020 | Per Share |  | Dollar Value
March 1 st | $ | 0.075 |  |  | $ | 1,339 |
June 1 st | $ | 0.075 |  |  | $ | 1,343 |
Schedule of Accumulated Other Comprehensive Income | Our components of accumulated other comprehensive income are as follows (in thousands):
Three months ended June 30, 2020 |  |
|  | Accumulated Other Comprehensive Income
March 31, 2020 |  | $ | — |
Net unrealized gains associated with available-for-sale securities of the trusts | 34,301 |
Reclassification of net unrealized gains activity attributable to the Deferred preneed funeral and cemetery receipts held in trust and Care trusts’ corpus | (34,301 | )
Balance at June 30, 2020 | $ | — |
Six months ended June 30, 2020 |  |
|  | Accumulated Other Comprehensive Income
Balance at December 31, 2019 | $ | — |
Net unrealized losses associated with available-for-sale securities of the trusts | (10,803 | )
Reclassification of net unrealized losses activity attributable to the Deferred preneed funeral and cemetery receipts held in trust and Care trusts’ corpus | 10,803 |
Balance at June 30, 2020 | $ | — |

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