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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consisted of the following (in thousands): 

			Years Ended December 31,
			2021						2022						2023
Current:
U. S. federal provision			$	8,848					$	9,490					$	7,862
State provision			2,989						3,287						1,847
Total current provision			$	11,837					$	12,777					$	9,709
Deferred:
U. S. federal provision (benefit)			$	(452)					$	1,723					$	2,117
State provision (benefit)			(240)						1,313						1,190
Total deferred provision (benefit)			$	(692)					$	3,036					$	3,307
Total income tax provision			$	11,145					$	15,813					$	13,016

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income taxes calculated at the U.S. federal statutory rate to those reflected in the Consolidated Statements of Operations is as follows (dollars in thousands): 

			Years Ended December 31,
			2021												2022												2023
			Amount						Percent						Amount						Percent						Amount						Percent
Federal statutory rate			$	9,304					21.0			%			$	12,000					21.0			%			$	9,750					21.0			%
Effect of state income taxes, net of federal benefit			2,180						4.9						3,630						6.3						2,421						5.2
Effect of non-deductible expenses and other, net			(423)						(1.0)						59						0.1						864						1.8
Effect of divestitures and impairment of businesses			103						0.2						138						0.2						—						—
Change in valuation allowance, net of federal benefit			(19)						—						(14)						—						(19)						—
Total			$	11,145					25.1			%			$	15,813					27.6			%			$	13,016					28.0			%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences from total operations that give rise to significant deferred tax assets and liabilities are as follows (in thousands):

			Years Ended December 31,
			2022						2023
Deferred income tax assets:
Net operating loss carryforwards			$	839					$	694
Interest expense limitation			3,506						6,981
Tax credit carryforwards			75						63
State depreciation			1,297						1,310
Accrued and other liabilities			8,606						6,707
Amortization of non-compete agreements			1,213						855
Right-of-use assets			4,819						4,347
Total deferred income tax assets			20,355						20,957
Less valuation allowance			(181)						(156)
Total deferred income tax assets			$	20,174					$	20,801
Deferred income tax liabilities:
Depreciation and amortization			$	(61,432)					$	(66,863)
Preneed liabilities			(2,582)						(1,070)
Lease liabilities			(4,212)						(3,806)
Prepaid assets and other			(768)						(1,189)
Total deferred income tax liabilities			(68,994)						(72,928)
Total net deferred tax liabilities			$	(48,820)					$	(52,127)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

			Years Ended December 31,
			2021						2022						2023
Unrecognized tax benefit at beginning of year			$	3,656					$	3,761					$	3,294
Gross decreases - tax positions in prior period			—						(533)						—
Gross increases - tax positions in prior period			105						66						—
Gross increases - tax positions in current period			—						—						88
Unrecognized tax benefit at end of year			$	3,761					$	3,294					$	3,382

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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