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Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consisted of the following (in thousands): 

			Years Ended December 31,
			2018						2019						2020
Current:
U. S. federal provision (benefit)			$	1,489					$	(2,039)					$	1,778
State provision (benefit)			1,309						(195)						2,177
Total current provision (benefit)			$	2,798					$	(2,234)					$	3,955
Deferred:
U. S. federal provision			$	2,831					$	8,056					$	3,994
State provision			992						2,061						603
Total deferred provision			$	3,823					$	10,117					$	4,597
Total income tax provision			$	6,621					$	7,883					$	8,552

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income taxes calculated at the U.S. federal statutory rate to those reflected in the Consolidated Statements of Operations is as follows (dollars in thousands): 

			Years Ended December 31,
			2018												2019												2020
			Amount						Percent						Amount						Percent						Amount						Percent
Federal statutory rate			$	3,834					21.0			%			$	4,707					21.0			%			$	5,175					21.0			%
Effect of state income taxes, net of federal benefit			1,776						9.7						1,352						6.0						2,080						8.4
Effect of non-deductible expenses and other, net			1,451						7.9						947						4.2						460						1.9
Effect of divestitures and impairment of businesses			—						—						911						4.10						846						3.4
Change in valuation allowance			26						0.1						(34)						(0.2)						(9)						—
Re-measurement of deferred taxes due to tax reform			(466)						(2.5)						—						—						—						—
Total			$	6,621					36.2			%			$	7,883					35.1			%			$	8,552					34.7			%

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 are as follows (in thousands):

			Years Ended December 31,
			2019						2020
Deferred income tax assets:
Net operating loss carryforwards			$	3,602					$	1,570
Interest expense limitation			4,190						18
Tax credit carryforwards			100						100
State depreciation			1,124						1,264
Accrued and other liabilities			5,124						6,313
Amortization of non-compete agreements			1,104						1,117
Prepaid and other assets			—						741
Total deferred income tax assets			15,244						11,123
Less valuation allowance			(234)						(222)
Total deferred income tax assets			$	15,010					$	10,901
Deferred income tax liabilities:
Depreciation and amortization			$	(49,568)					$	(50,946)
Preneed liabilities			(6,446)						(6,427)
Convertible subordinated notes due 2021			(75)						(5)
Prepaid and other assets			(289)						—
Total deferred income tax liabilities			(56,378)						(57,378)
Total net deferred tax liabilities			$	(41,368)					$	(46,477)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

			Years Ended December 31,
			2018						2019						2020
Unrecognized tax benefit at beginning of year			$	—					$	—					$	691
Gross increases - tax positions in prior period			—						691						—
Gross decreases - tax positions in prior period			—						—						(691)
Gross increases - tax positions in current period			—						—						3,656
Unrecognized tax benefit at end of year			$	—					$	691					$	3,656

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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.

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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.

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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.

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Tabular disclosure of the change in unrecognized tax benefits.

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