XML 63 R38.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Stockholders' Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Share-based Payment Arrangement [Abstract] |
Dividends Declared | Our Board declared the following dividends payable on the dates below (in thousands, except per share amounts):
2022 | Per Share |  | Dollar Value
March 1 st | $ | 0.1125 |  |  | $ | 1,725 |
June 1 st | $ | 0.1125 |  |  | $ | 1,730 |
September 1 st | $ | 0.1125 |  |  | $ | 1,653 |
2021 | Per Share |  | Dollar Value
March 1 st | $ | 0.1000 |  |  | $ | 1,799 |
June 1 st | $ | 0.1000 |  |  | $ | 1,808 |
September 1 st | $ | 0.1000 |  |  | $ | 1,783 |
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity | Restricted stock activity is as follows (in thousands, except shares):
| Three months ended September 30, |  | Nine months ended September 30, |  |
| 2021 |  | 2022 |  | 2021 |  | 2022 |  |  |  |
| Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  |  |  |  |  |
Granted(1) | — |  | $ | — |  |  | — |  | $ | — |  |  | 9,300 |  | $ | 324 |  |  | — |  | $ | — |  |  |  |  |  |  |
Returned for payroll taxes | 711 |  | $ | 28 |  |  | — |  | $ | — |  |  | 10,399 |  | $ | 375 |  |  | 4,136 |  | $ | 205 |  |  |  |  |  |  |
Cancelled | — |  | $ | — |  |  | 500 |  | $ | 16 |  |  | 966 |  | $ | 27 |  |  | 1,950 |  | $ | 63 |  |  |  |  |  |  |
(1) | Restricted stock granted during the nine months ended September 30, 2021 vests over a three-year period, if the employee has remained continuously employed by us during the vesting period, at a weighted average stock price of $34.79.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of the right (option) to purchase shares under the ESPP is estimated at the date of purchase with the four quarterly purchase dates using the following assumptions:
| 2022
Dividend yield | 0.01%
Expected volatility | 30.24%
Risk-free interest rate | 0.08%, 0.22%, 0.31%, 0.40%
Expected life (years) | 0.25, 0.50, 0.75, 1.00
Share-based Payment Arrangement, Performance Shares, Outstanding Activity | Non-Employee Director and Board Advisor common stock activity is as follows (in thousands, except shares):
| Three months ended September 30, |  | Nine months ended September 30, |  |
| 2021 |  | 2022 |  | 2021 |  | 2022 |  |  |  |
| Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  |  |  |  |  |
Board of Directors (1) | 3,192 |  | $ | 142 |  |  | 2,214 |  | $ | 71 |  |  | 12,565 |  | $ | 480 |  |  | 7,255 |  | $ | 307 |  |  |  |  |  |  |
Advisor to the Board (1) | 112 |  | $ | 5 |  |  | 155 |  | $ | 5 |  |  | 389 |  | $ | 15 |  |  | 374 |  | $ | 15 |  |  |  |  |  |  |
(1) | Common stock granted during the three months ended September 30, 2021 and 2022 had a weighted average price of $44.59 and $32.16, respectively, and $38.20 and $42.20 for the nine months ended September 30, 2021 and 2022.
Share-based Payment Arrangement, Option, Activity | Stock option grants and cancellations are as follows (in thousands, except shares):
| Three months ended September 30, |  | Nine months ended September 30, |  |
| 2021 |  | 2022 |  | 2021 |  | 2022 |  |  |  |
| Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  |  |  |  |  |
Granted(1) | — |  | $ | — |  |  | — |  | $ | — |  |  | 701,400 |  | $ | 7,115 |  |  | 58,500 |  | $ | 959 |  |  |  |  |  |  |
Granted(2) | — |  | $ | — |  |  | — |  | $ | — |  |  | — |  | $ | — |  |  | 310,000 |  | $ | 5,388 |  |  |  |  |  |  |
Granted(3) | — |  | $ | — |  |  | — |  | $ | — |  |  | 150,000 |  | $ | 1,684 |  |  | — |  | $ | — |  |  |  |  |  |  |
Granted(4) | — |  | $ | — |  |  | 12,600 |  | $ | 143 |  |  | — |  | $ | — |  |  | 12,600 |  | $ | 143 |  |  |  |  |  |  |
Cancelled | 6,000 |  | $ | 61 |  |  | 3,652 |  | $ | 37 |  |  | 19,684 |  | $ | 181 |  |  | 28,790 |  | $ | 322 |  |  |  |  |  |  |
(1) | Stock options granted during the nine months ended September 30, 2021 and 2022 had a weighted average price of $34.79 and $49.48, respectively. The fair value of these options was calculated using the Black-Scholes option pricing model. The options granted in 2021 and 2022 vest over a five-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.
(2) | Stock options granted during the nine months ended September 30, 2022 had a weighted average price of $49.48. The fair value of these options was calculated using the Black-Scholes option pricing model and vest over a seven-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.
(3) | We granted 150,000 options to a key employee at a weighted average price of $34.79. These options will vest when the price of our common stock closes at or above $53.39 (50,000 options) and $77.34 (100,000 options) for three consecutive days within the ten-year term and the employee has remained continuously employed by us through such date. The fair value of these options was $1.7 million.
(4) | Stock options granted during the three and nine months ended September 30, 2022 had a weighted average price of $31.58. The fair value of these options was calculated using the Black-Scholes option pricing model and vest over a three-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.
Additional stock option activity is as follows (in thousands, except shares):
| Three months ended September 30, |  | Nine months ended September 30, |  |
| 2021 |  | 2022 |  | 2021 |  | 2022 |  |  |  |
| Shares | Cash |  | Shares | Cash |  | Shares | Cash |  | Shares | Cash |  |  |  |  |  |
Exercised(1) | 32,665 |  | (1) |  | — |  | — |  |  | 314,294 |  | (1) |  | 18,736 |  | (1) |  |  |  |  |  |
Returned for option price(2) | 17,790 |  | $ | — |  |  | — |  | $ | — |  |  | 166,359 |  | $ | 880 |  |  | 8,125 |  | $ | 60 |  |  |  |  |  |  |
Returned for payroll taxes(3) | 2,192 |  | $ | 82 |  |  | — |  | $ | — |  |  | 20,163 |  | $ | 1,058 |  |  | 1,601 |  | $ | 82 |  |  |  |  |  |  |
(1) | Stock options exercised during the three months ended September 30, 2021 had a weighted average exercise price of $21.81, with an aggregate intrinsic value of $0.6 million. Stock options exercised during the nine months ended September 30, 2021 and 2022 had a weighted average exercise price of $21.78 and $25.88, respectively, with an aggregate intrinsic value of $5.0 million and $0.5 million, respectively.
(2) | Represents shares withheld/cash received for the payment of the option price.
(3) | Represents shares withheld/cash paid for the payment of payroll taxes.
Share-based Payment Arrangement, Activity | Performance award activity is as follows (in thousands, except shares):
| Three months ended September 30, |  | Nine months ended September 30, |  |
| 2021 |  | 2022 |  | 2021 |  | 2022 |  |  |  |
| Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  |  |  |  |  |
Granted | 29,548 |  | $ | 1,062 |  |  | — |  | $ | — |  |  | 39,802 |  | $ | 1,464 |  |  | 27,013 |  | $ | 1,262 |  |  |  |  |  |  |
Cancelled | 6,987 |  | $ | 101 |  |  | — |  | $ | — |  |  | 41,922 |  | $ | 598 |  |  | 20,961 |  | $ | 201 |  |  |  |  |  |  |
Common stock issued to certain employees under this incentive program is as follows (in thousands, except shares):
Three months ended September 30, |  | Nine months ended September 30, |  |
2021 |  | 2022 |  | 2021 |  | 2022 |  |  |  |
Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value |  | Shares | Fair Value (1) |  |  |  |  |  |
— |  | $ | — |  |  | — |  | $ | — |  |  | — |  | $ | — |  |  | 27,448 |  | $ | 1,358 |  |  |  |  |  |  |
(1) | Common stock granted during the nine months ended September 30, 2022 had a grant date stock price of $49.48.
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity | ESPP activity is as follows (in thousands, except shares):
| Three months ended September 30, |  | Nine months ended September 30, |  |
| 2021 |  | 2022 |  | 2021 |  | 2022 |  |  |  |
| Shares | Price |  | Shares | Price |  | Shares | Price |  | Shares | Price |  |  |  |  |  |
ESPP | 14,734 |  | $ | 26.32 |  |  | 13,795 |  | $ | 27.34 |  |  | 46,622 |  | $ | 26.32 |  |  | 38,884 |  | $ | 35.42 |  |  |  |  |  |  |
Schedule of Share Repurchase Activity | Share repurchase activity is as follows (dollar value in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2021 |  | 2022 |  | 2021 |  | 2022 |  |
Number of Shares Repurchased(1) | 1,203,493 |  |  | — |  |  | 1,528,197 |  |  | 695,496 |  |  |
Average Price Paid Per Share | $ | 44.24 |  |  | $ | — |  |  | $ | 42.89 |  |  | $ | 49.22 |  |  |
Dollar Value of Shares Repurchased(1) | $ | 53,239 |  |  | $ | — |  |  | $ | 65,540 |  |  | $ | 34,234 |  |  |
(1) | During the three and nine months ended September 30, 2021, 84,000 shares settled in October 2021, which had a cost of $3.8 million.

X
- Definition Schedule of Share Repurchase Activity + References No definition available. + Details
Name: | csv_ScheduleOfShareRepurchaseActivityTableTextBlock
Namespace Prefix: | csv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of employee stock purchase plan activity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationPerformanceSharesAwardOutstandingActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration