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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 17,130 $ 27,301
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,437 9,895
Provision for credit losses 1,344 1,657
Stock-based compensation expense 4,163 3,085
Deferred income tax expense 7 1,711
Amortization of intangibles 647 634
Amortization of debt issuance costs 349 253
Amortization and accretion of debt 255 243
Net (gain) loss on divestitures, disposals and impairment charges 506 (426)
Net (gain) loss on property damage, net of insurance claims 36 (3,275)
Gain on sale of real property (658) 0
Other 0 (6)
Changes in operating assets and liabilities that provided (used) cash:    
Accounts and preneed receivables (1,694) (3,200)
Inventories, prepaid and other current assets 1,011 2,967
Increase (Decrease) in Prepaid Expense and Other Assets (1,767) (747)
Preneed funeral and cemetery trust investments 5,341 (11,100)
Accounts payable (2,272) (2,712)
Accrued and other liabilities (3,328) (10,242)
Incentive payment from vendor 6,000 0
Deferred preneed funeral and cemetery revenue 8,106 2,633
Deferred preneed funeral and cemetery receipts held in trust (6,426) 11,506
Net cash provided by operating activities 39,187 30,177
Cash flows from investing activities:    
Acquisitions of businesses and real property (44,000) (2,601)
Proceeds from divestitures and sale of other assets 1,973 3,720
Proceeds from insurance claims 1,092 2,167
Capital expenditures (8,960) (13,468)
Net cash used in investing activities (49,895) (10,182)
Cash flows from financing activities:    
Borrowings from the credit facility 64,700 97,900
Payments against the credit facility (51,400) (78,100)
Payment of debt issuance costs for the credit facility and senior notes 0 (339)
Payments on acquisition debt and obligations under finance leases (256) (202)
Proceeds from the exercise of stock options and employee stock purchase plan contributions 923 1,060
Taxes paid on restricted stock vestings and exercise of stock options (119) (286)
Dividends paid on common stock (3,340) (3,455)
Purchase of treasury stock 0 (36,663)
Net cash provided by (used in) financing activities 10,508 (20,085)
Net decrease in cash and cash equivalents (200) (90)
Cash and cash equivalents at beginning of period 1,170 1,148
Cash and cash equivalents at end of period $ 970 $ 1,058