XML 15 R5.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 25,764 $ 32,665
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,037 11,574
Provision for credit losses 2,048 1,973
Stock-based compensation expense 4,026 3,845
Deferred income tax expense 2,426 3,264
Amortization of intangibles 643 660
Amortization of debt issuance costs 259 255
Amortization and accretion of debt 292 278
Net loss (gain) on divestitures and impairment charges 368 (5,771)
Net gain on sale of excess real property 0 (1,993)
Changes in operating assets and liabilities that provided (used) cash:    
Accounts and preneed receivables (7,601) (11,430)
Inventories, prepaid, and other current assets (7,376) (3,136)
Intangible and other non-current assets (2,717) (1,117)
Preneed funeral and cemetery trust investments (3,380) (4,281)
Accounts payable (3,444) (2,245)
Accrued and other liabilities (8,229) (10,458)
Deferred preneed funeral and cemetery revenue 1,572 1,941
Deferred preneed funeral and cemetery receipts held in trust 4,762 5,853
Net cash provided by operating activities 22,450 21,877
Cash flows from investing activities:    
Acquisitions of businesses (4,500) 0
Capital expenditures (9,223) (6,009)
Proceeds from divestitures and sale of other assets 342 18,822
Net cash (used in) provided by investing activities (13,381) 12,813
Cash flows from financing activities:    
Borrowings from the credit facility 63,029 24,600
Payments against the credit facility (65,729) (48,700)
Payments on acquisition debt and obligations under finance leases (251) (221)
Proceeds from the exercise of stock options and employee stock purchase plan contributions 688 983
Taxes paid on restricted stock, performance award vestings, and exercise of stock options (2,387) (7,631)
Dividends paid on common stock (3,557) (3,488)
Net cash used in financing activities (8,207) (34,457)
Net increase in cash and cash equivalents 862 233
Cash and cash equivalents at beginning of period 1,688 1,165
Cash and cash equivalents at end of period 2,550 1,398
Supplemental disclosure of cash flow information:    
Cash paid for interest and financing costs 12,901 13,614
Cash paid for income taxes $ 13,109 $ 9,884