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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 16,090,000 $ 14,533,000 $ 11,645,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 19,389,000 17,771,000 17,430,000
Provision for bad debt and credit losses 2,318,000 1,618,000 1,841,000
Stock-based compensation expense 3,370,000 2,153,000 6,583,000
Deferred income tax expense 4,597,000 10,117,000 3,823,000
Amortization of deferred financing costs 782,000 392,000 532,000
Amortization of capitalized commissions and non-compete agreements 1,299,000 1,231,000 1,219,000
Accretion of discount on convertible subordinated notes 216,000 241,000 2,192,000
Accretion of debt discount, net of debt premium on senior notes 307,000 492,000 272,000
Net loss on extinguishment of debt 6,000 0 502,000
Net loss on divestitures and impairment charges 21,442,000 4,846,000 1,195,000
Net loss on sale of other assets 251,000 213,000 876,000
Gain on insurance reimbursements (97,000) (879,000) 0
Other 19,000 121,000 0
Changes in operating assets and liabilities that provided (required) cash:      
Accounts and preneed receivables (4,279,000) (5,801,000) (5,061,000)
Inventories, prepaid and other current assets 3,516,000 (2,762,000) (159,000)
Intangible and other non-current assets (1,015,000) (924,000) (1,010,000)
Preneed funeral and cemetery trust investments (5,043,000) (6,500,000) 488,000
Accounts payable 2,702,000 (580,000) 2,044,000
Accrued and other liabilities 10,784,000 1,271,000 3,990,000
Deferred preneed funeral and cemetery revenue 528,000 168,000 6,546,000
Deferred preneed funeral and cemetery receipts held in trust 5,733,000 5,495,000 (5,954,000)
Net cash provided by operating activities 82,915,000 43,216,000 48,994,000
Cash flows from investing activities:      
Acquisitions (28,011,000) (140,907,000) (37,970,000)
Deposit on pending acquisition 0 (5,000,000) 0
Proceeds from insurance reimbursements 248,000 1,433,000 0
Proceeds from divestitures and sale of other assets 8,541,000 967,000 0
Capital expenditures (15,198,000) (15,379,000) (13,526,000)
Net cash used in investing activities (34,420,000) (158,886,000) (51,496,000)
Cash flows from financing activities:      
Payments against the term loan 0 0 (127,500,000)
Borrowings from the credit facility 109,500,000 174,961,000 124,500,000
Payments against the credit facility (146,100,000) (118,261,000) (189,400,000)
Payment of debt issuance costs related to the credit facility 0 891,000 1,751,000
Repurchase of the convertible subordinated notes due 2021 (4,563,000) (27,000) (98,266,000)
Payment of transaction costs related to the repurchase of the convertible subordinated notes due 2021 (12,000) 0 (885,000)
Proceeds from the issuance of the senior notes due 2026 0 76,688,000 320,125,000
Payment of debt issuance costs related to the senior notes due 2026 (66,000) (980,000) (1,367,000)
Payments on acquisition debt and obligations under finance leases 1,745,000 2,287,000 1,940,000
Payments on contingent consideration recorded at acquisition date (169,000) (162,000) (138,000)
Proceeds from the exercise of stock options and employee stock purchase plan contributions 1,229,000 1,445,000 1,246,000
Taxes paid on restricted stock vestings and exercise of stock options (348,000) (194,000) (651,000)
Dividends paid on common stock (6,048,000) (5,398,000) (5,513,000)
Purchase of treasury stock 0 (9,152,000) (16,266,000)
Net cash provided by (used in) financing activities (48,322,000) 115,742,000 2,194,000
Net increase (decrease) in cash and cash equivalents 173,000 72,000 (308,000)
Cash and cash equivalents at beginning of year 716,000 644,000 952,000
Cash and cash equivalents at end of year 889,000 716,000 644,000
Senior Notes [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of deferred financing costs 280,000 139,000 77,000
Accretion of debt discount, net of debt premium on senior notes $ 528,000 $ 493,000 $ 273,000