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Business Combinations (Tables)

9 Months Ended

Sep. 30, 2023

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the breakdown of the purchase price allocation for our Bakersfield, CA business acquisition (in thousands):

			Initial Purchase Price Allocation						Adjustments						Adjusted Purchase Price Allocation
Current assets			$	7,087					$	131					$	7,218
Preneed trust assets			—						11,428						11,428
Property, plant & equipment			12,577						245						12,822
Cemetery property			9,035						—						9,035
Goodwill			13,612						(106)						13,506
Intangible and other non-current assets			3,763						—						3,763
Assumed liabilities			(300)						(66)						(366)
Preneed trust liabilities			—						(11,428)						(11,428)
Deferred revenue			(1,774)						(204)						(1,978)
Purchase price			$	44,000					$	—					$	44,000

The following table summarizes the fair value of the assets acquired and liabilities assumed for this business (in thousands):

Acquisition Date						Type of Business						Market						Assets Acquired (Excluding Goodwill)						Goodwill Recorded						Liabilities and Debt Assumed
March 22, 2023						Three Funeral Homes, Two Cemeteries and One Cremation Focused Business						Bakersfield, CA						$	44,266					$	13,506					$	(13,772)

The following table summarizes the breakdown of the purchase price allocation for our Kissimmee, FL business acquisition (in thousands):

															Purchase Price Allocation
Current assets															$	28
Preneed trust assets															1,439
Property, plant & equipment															2,986
Goodwill															2,694
Intangible and other non-current assets															542
Preneed trust liabilities															(1,439)
Purchase price															$	6,250

The following table summarizes the fair value of the assets acquired and liabilities assumed for our Kissimmee, FL business acquisition (in thousands):

Acquisition Date						Type of Business						Market						Assets Acquired (Excluding Goodwill)						Goodwill Recorded						Liabilities and Debt Assumed
August 8, 2022						Two Funeral Homes						Kissimmee, FL						$	4,995					$	2,694					$	(1,439)

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- References

No definition available.

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-1

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