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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 13,232 $ 17,130
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,664 10,437
Provision for credit losses 1,447 1,344
Stock-based compensation expense 2,671 4,163
Deferred income tax (benefit) expense (1,477) 7
Amortization of intangibles 669 647
Amortization of debt issuance costs 352 349
Amortization and accretion of debt 266 255
Net loss on divestitures, disposals and impairment charges 1,568 506
(Gain) loss on property damage, net of insurance claims (417) 36
Gain on sale of excess land 0 (658)
Changes in operating assets and liabilities that provided (used) cash:    
Accounts and preneed receivables (13,939) (1,694)
Inventories, prepaid and other current assets 1,224 1,011
Intangible and other non-current assets (2,339) (1,767)
Preneed funeral and cemetery trust investments (9,523) 5,341
Accounts payable 3,084 (2,272)
Accrued and other liabilities (3,999) (3,328)
Incentive payment from vendor 0 (6,000)
Deferred preneed funeral and cemetery revenue 7,064 8,106
Deferred preneed funeral and cemetery receipts held in trust 10,313 (6,426)
Net cash provided by operating activities 21,860 39,187
Cash flows from investing activities:    
Acquisitions of businesses 0 (44,000)
Proceeds from divestitures and sale of other assets 11,174 1,973
Proceeds from insurance claims 314 1,092
Capital expenditures (7,096) (8,960)
Net cash provided by (used in) investing activities 4,392 (49,895)
Cash flows from financing activities:    
Borrowings from the credit facility 24,800 64,700
Payments against the credit facility (48,900) (51,400)
Payments on acquisition debt and obligations under finance leases (305) (256)
Proceeds from the exercise of stock options and employee stock purchase plan contributions 1,942 923
Taxes paid on restricted stock vestings and exercise of stock options (419) (119)
Dividends paid on common stock (3,390) (3,340)
Net cash (used in) provided by financing activities (26,272) 10,508
Net decrease in cash and cash equivalents (20) (200)
Cash and cash equivalents at beginning of period 1,523 1,170
Cash and cash equivalents at end of period $ 1,503 $ 970