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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Revenues $ 329,448 $ 274,107 $ 267,992
Field costs and expenses:      
Cemetery property amortization 4,956 3,985 3,602
Field depreciation expense 13,006 12,370 12,015
Regional and unallocated funeral and cemetery costs 18,057 13,827 12,749
Other expenses 4,808 2,055 1,548
Total field costs and expenses 223,525 194,522 192,045
Gross profit 105,923 79,585 75,947
Corporate costs and expenses:      
General, administrative and other 25,827 25,880 30,827
Home office depreciation and amortization 1,427 1,416 1,813
Net loss on divestitures and impairment charges 21,442 4,846 1,195
Operating income 57,227 47,443 42,112
Interest expense (32,515) (25,522) (21,109)
Accretion of discount on convertible subordinated notes (216) (241) (2,192)
Net loss on early extinguishment of debt (6) 0 (502)
Other, net 152 736 (43)
Income before income taxes 24,642 22,416 18,266
Expense for income taxes (7,985) (7,395) (5,754)
Tax adjustment related to discrete items (567) (488) (867)
Total expense for income taxes (8,552) (7,883) (6,621)
Net income $ 16,090 $ 14,533 $ 11,645
Basic earnings per common share (in dollars per share) $ 0.90 $ 0.81 $ 0.64
Diluted earnings per common share (in dollars per share) 0.89 0.80 0.63
Dividends declared per share (in dollars per share) $ 0.3375 $ 0.3000 $ 0.3000
Weighted average number of common and common equivalent shares outstanding:      
Basic (in shares) 17,872 17,877 17,971
Diluted (in shares) 18,077 18,005 18,374
Service revenue      
Revenue:      
Revenues $ 164,984 $ 142,554 $ 138,604
Field costs and expenses:      
Cost of goods and services 79,634 72,991 72,123
Property and merchandise revenue      
Revenue:      
Revenues 139,630 114,514 112,253
Field costs and expenses:      
Cost of goods and services 103,064 89,294 90,008
Other revenue      
Revenue:      
Revenues $ 24,834 $ 17,039 $ 17,135