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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 33,159 $ 16,090 $ 14,533
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 20,520 19,389 17,771
Provision for credit losses 1,783 2,318 1,618
Stock-based compensation expense 5,513 3,370 2,153
Deferred income tax expense (benefit) (692) 4,597 10,117
Amortization of Intangible Assets 1,285 1,299 1,231
Amortization of debt issuance costs 576 782 392
Amortization and accretion of debt discount and premium 439 523 733
Loss on extinguishment of debt 23,807 6 0
Net loss on divestitures, disposals and impairment charges 847 21,693 5,059
Gain on insurance reimbursements 0 (97) (879)
Other 0 19 121
Changes in operating assets and liabilities that provided (used) cash:      
Accounts and preneed receivables (4,090) (4,279) (5,801)
Inventories, prepaid and other current assets (4,449) 3,516 (2,762)
Intangible and other non-current assets (1,181) (1,015) (924)
Preneed funeral and cemetery trust investments (31,349) (5,043) (6,500)
Accounts payable 522 2,702 (580)
Accrued and other liabilities 3,485 10,784 1,271
Deferred preneed funeral and cemetery revenue 5,010 528 168
Deferred preneed funeral and cemetery receipts held in trust 29,061 5,733 5,495
Net cash provided by operating activities 84,246 82,915 43,216
Cash flows from investing activities:      
Acquisition of businesses and real estate (3,285) (28,011) (140,907)
Deposit on pending acquisition 0 0 (5,000)
Proceeds from insurance reimbursements 7,758 248 1,433
Proceeds from Sale of Property, Plant, and Equipment 7,875 8,541 967
Capital expenditures (24,883) (15,198) (15,379)
Net cash used in investing activities (12,535) (34,420) (158,886)
Cash flows from financing activities:      
Borrowings from the credit facility 266,168 109,500 174,961
Payments against the credit facility (157,968) (146,100) (118,261)
Payment to redeem the original senior notes (400,000) 0 0
Payment of call premium for the redemption of the original senior notes (19,876) 0 0
Proceeds from the issuance of the senior notes 395,500 0 0
Payment of debt issuance costs for the credit facility and senior notes 2,197 78 1,871
Conversion and maturity of the convertible notes (3,980) (4,563) (27)
Proceeds from the issuance of the original senior notes 0 0 76,688
Payments on acquisition debt and obligations under finance leases 1,331 1,745 2,287
Payments on contingent consideration recorded at acquisition date (461) (169) (162)
Proceeds from the exercise of stock options and employee stock purchase plan 2,644 1,229 1,445
Taxes paid on restricted stock vestings and exercise of stock options (2,647) (348) (194)
Dividends paid on common stock (7,264) (6,048) (5,398)
Purchase of treasury stock (140,040) 0 (9,152)
Net cash provided by (used in) financing activities (71,452) (48,322) 115,742
Net increase in cash and cash equivalents 259 173 72
Cash and cash equivalents at beginning of year 889 716 644
Cash and cash equivalents at end of year $ 1,148 $ 889 $ 716