XML 55 R35.htm IDEA: XBRL DOCUMENT v3.20.4

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Summary of purchase price

The following table summarizes the breakdown of the purchase price allocation for our 2020 acquisition (in thousands):

			Initial Purchase Price Allocation						Adjustments						Adjusted Purchase Price Allocation
Current assets			$	2,662					$	108					$	2,770
Trust investments			9,089						—						9,089
Property, plant & equipment			1,720						—						1,720
Cemetery property			14,753						82						14,835
Goodwill			12,916						500						13,416
Intangible and other non-current assets			2,506						(628)						1,878
Assumed liabilities			(489)						$	—					$	(489)
Deferred tax liability			(527)						(5)						(532)
Trust liabilities			(9,089)						—						(9,089)
Deferred revenue			(541)						(57)						(598)
Purchase price			$	33,000					$	—					$	33,000

The following table summarizes the breakdown of the purchase price allocation for these businesses and the subsequent adjustments made based on additional information which became available subsequent to the acquisitions (in thousands):

			Initial Purchase Price Allocation						Adjustments						Adjusted Purchase Price Allocation
Current assets			$	1,482					$	204					$	1,686
Trust investments			15,891						—						15,891
Property, plant & equipment			21,680						—						21,680
Cemetery property			11,994						(45)						11,949
Goodwill			99,344						638						99,982
Intangible and other non-current assets			8,269						(1,480)						6,789
Assumed liabilities			(657)						(145)						(802)
Trust liabilities			(15,463)						—						(15,463)
Deferred revenue			(1,633)						992						(641)
Purchase price			$	140,907					$	164					$	141,071

Effect of acquisitions on Consolidated Balance Sheets

The following table summarizes the fair value of the assets acquired for our 2020 acquisition (in thousands):

Acquisition Date						Type of Business						Market						Assets Acquired (Excluding Goodwill)						Goodwill Recorded						Liabilities and Debt Assumed
January 3, 2020						One Funeral Home and Cemetery Combination						Lafayette, CA						$	30,292					$	13,416					$	(10,708)

The following table summarizes the fair value of the assets acquired for our 2019 acquisitions based on our final purchase price allocation (in thousands):

Acquisition Date						Type of Business						Market						Assets Acquired (Excluding Goodwill)						Goodwill Recorded						Liabilities and Debt Assumed
October 9, 2019						Four Funeral Homes						Buffalo, NY						$	7,942					$	7,340					$	—
October 28, 2019						One Funeral Home and Cemetery Combination, Three Funeral Homes and Three Ancillary Businesses						Rockwall, TX						$	15,878					$	14,226					$	(6,479)
December 31, 2019						One Funeral Home and Cemetery Combination						Fairfax, VA						$	34,175					$	78,416					$	(10,427)

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration