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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 21,775 $ 33,161
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,623 14,611
Provision for credit losses 2,314 2,292
Stock-based compensation expense 6,155 4,577
Deferred income tax expense 87 1,699
Amortization of intangibles 982 957
Amortization of debt issuance costs 524 397
Amortization and accretion of debt 384 368
Net (gain) loss on divestitures, disposals and impairment charges 929 (433)
Net gain on property damage, net of insurance claims (343) (3,275)
Gain on sale of real property (658) 0
Other 0 (153)
Changes in operating assets and liabilities that provided (used) cash:    
Accounts and preneed receivables (4,607) (3,053)
Inventories, prepaid and other current assets (52) 2,785
Increase (Decrease) in Prepaid Expense and Other Assets (2,285) (1,381)
Preneed funeral and cemetery trust investments 990 (12,585)
Accounts payable (117) (2,451)
Accrued and other liabilities 5,297 (3,080)
Incentive payment from vendor 6,000 0
Deferred preneed funeral and cemetery revenue 11,110 2,852
Deferred preneed funeral and cemetery receipts held in trust (2,259) 12,758
Net cash provided by operating activities 61,849 50,046
Cash flows from investing activities:    
Acquisitions of businesses and real property (44,000) (8,876)
Proceeds from divestitures and sale of other assets 2,296 4,313
Proceeds from insurance claims 1,388 2,209
Capital expenditures (13,069) (20,346)
Net cash used in investing activities (53,385) (22,700)
Cash flows from financing activities:    
Borrowings from the credit facility 68,100 114,600
Payments against the credit facility (71,500) (101,000)
Payment of debt issuance costs for the credit facility and senior notes 0 (339)
Payments on acquisition debt and obligations under finance leases (491) (314)
Proceeds from the exercise of stock options and employee stock purchase plan contributions 1,207 1,438
Taxes paid on restricted stock vestings and exercise of stock options (252) (287)
Dividends paid on common stock (5,023) (5,108)
Purchase of treasury stock 0 (36,663)
Net cash used in financing activities (7,959) (27,673)
Net increase (decrease) in cash and cash equivalents 505 (327)
Cash and cash equivalents at beginning of period 1,170 1,148
Cash and cash equivalents at end of period $ 1,675 $ 821