XML 42 R16.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Intangible and Other Non-Current Assets | 3 Months Ended
--- | ---
Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Intangible and Other Non-Current Assets | INTANGIBLE AND OTHER NON-CURRENT ASSETS Intangible and other non-current assets are as follows (in thousands):
| December 31, 2023 |  | March 31, 2024
Tradenames | $ | 28,862 |  |  | $ | 28,713 |
Capitalized commissions on preneed contracts, net of accumulated amortization of $3,788 and $3,980, respectively | 4,678 |  |  | 4,715 |
Prepaid agreements not-to-compete, net of accumulated amortization of $3,158 and $3,276, respectively | 1,335 |  |  | 1,269 |
Internal-use software, net of accumulated amortization of $444 and $528, respectively | 2,422 |  |  | 2,835 |
Other | 380 |  |  | 340 |
Intangible and other non-current assets, net | $ | 37,677 |  |  | $ | 37,872 |
Tradenames Our tradenames have indefinite lives and therefore are not amortized. During the three months ended March 31, 2024, two of the funeral homes that we sold had a carrying value of tradenames of $0.2 million, which was included in the loss on sale and recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations. Capitalized Commissions We capitalize sales commissions and other direct selling costs related to preneed cemetery merchandise and services and preneed funeral trust contracts as these costs are incremental and recoverable costs of obtaining a contract with a customer. Our capitalized commissions on preneed contracts are amortized on a straight-line basis over the average maturity period of ten years for our preneed funeral trust contracts and eight years for our preneed cemetery merchandise and services contracts. Amortization expense was $0.2 million for both the three months ended March 31, 2023 and 2024. Prepaid Agreements Prepaid agreements not-to-compete are amortized over the term of the respective agreements, generally ranging from one to ten years. Amortization expense was $0.1 million for both the three months ended March 31, 2023 and 2024. Internal-use Software Internal-use software is amortized on a straight-line basis typically over three to five years. Amortization expense was $0.1 million for both the three months ended March 31, 2023 and 2024. The aggregate amortization expense for our capitalized commissions, prepaid agreements and internal-use software as of March 31, 2024 is as follows (in thousands):
| Capitalized Commissions |  | Prepaid Agreements |  | Internal-use Software
Years ending December 31, |  |  |  |  |
Remainder of 2024 | $ | 645 |  |  | $ | 345 |  |  | $ | 297 |
2025 | 803 |  |  | 390 |  |  | 606 |
2026 | 737 |  |  | 262 |  |  | 597 |
2027 | 653 |  |  | 142 |  |  | 591 |
2028 | 582 |  |  | 78 |  |  | 450 |
Thereafter | 1,295 |  |  | 52 |  |  | 294 |
Total amortization expense | $ | 4,715 |  |  | $ | 1,269 |  |  | $ | 2,835 |

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

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration