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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2012
Share-Based Compensation [Abstract] |
Certain information related to stock options and non-vested shares | The tables below present information about reported segments for the three months ended January 31, 2013 and 2012 for the Company’s continuing operations.
|  | Total Revenue |
|  | Three Months Ended January 31, 2013 |  |  | Three Months Ended January 31, 2012 |
Funeral |  | $ | 74,006 |  |  | $ | 67,866 |
Cemetery (1) |  |  | 55,104 |  |  |  | 50,521 |
Corporate Trust Management (2) |  |  | 6,571 |  |  |  | 6,437 |
Total |  | $ | 135,681 |  |  | $ | 124,824 |
|  | Total Gross Profit |
|  | Three Months Ended January 31, 2013 |  |  | Three Months Ended January 31, 2012 |
Funeral |  | $ | 17,559 |  |  | $ | 14,726 |
Cemetery (1) |  |  | 8,691 |  |  |  | 4,625 |
Corporate Trust Management (2) |  |  | 6,066 |  |  |  | 6,045 |
Total |  | $ | 32,316 |  |  | $ | 25,396 |
(1) | Perpetual care trust earnings are included in the revenues and gross profit of the cemetery segment and amounted to $4,242 and $2,994 for the three months ended January 31, 2013 and 2012, respectively.
(2) | Corporate trust management consists of trust management fees and funeral and cemetery merchandise and service trust earnings recognized with respect to preneed contracts delivered during the period. Trust management fees are established by the Company at rates consistent with industry norms based on the fair market value of the assets managed and are paid by the trusts to the Company’s subsidiary, Investors Trust, Inc. The trust earnings represent the amount of distributable earnings as stipulated by the Company’s respective trust agreements that are generated by the trusts over the life of the preneed contracts and allocated to those products and services delivered during the relevant periods. Trust management fees included in funeral revenue for the three months ended January 31, 2013 and 2012 were $1,483 and $1,292, respectively, and funeral trust earnings recognized with respect to preneed contracts delivered included in funeral revenue for the three months ended January 31, 2013 and 2012 were $2,576 and $2,853, respectively. Trust management fees included in cemetery revenue for the three months ended January 31, 2013 and 2012 were $1,757 and $1,504, respectively, and cemetery trust earnings recognized with respect to preneed contracts delivered included in cemetery revenue for the three months ended January 31, 2013 and 2012 were $755 and $788, respectively.
Certain information regarding the Company's share-based compensation | A reconciliation of total segment gross profit to total earnings from continuing operations before income taxes for the three months ended January 31, 2013 and 2012 is as follows:
|  | Three Months Ended January 31, |
|  | 2013 |  |  | 2012 |
Gross profit for reportable segments |  | $ | 32,316 |  |  | $ | 25,396 |
Corporate general and administrative expenses |  |  | (7,388 | ) |  |  | (6,692 | )
Restructuring and other charges |  |  | (81 | ) |  |  | — |
Net gain on dispositions |  |  | 721 |  |  |  | 343 |
Other operating income, net |  |  | 921 |  |  |  | 194 |
Interest expense |  |  | (5,916 | ) |  |  | (5,867 | )
Investment and other income, net |  |  | 124 |  |  |  | 46 |
Earnings from continuing operations before income taxes |  | $ | 20,697 |  |  | $ | 13,420 |
Unrecognized compensation expense and the weighted average period | The table below presents total net preneed merchandise and services sales for the three months ended January 31, 2013 and 2012.
|  | Total Net Preneed Merchandise and Service Sales(1) |
|  | Three Months Ended January 31, 2013 |  |  | Three Months Ended January 31, 2012 |
Funeral |  | $ | 21,098 |  |  | $ | 22,751 |
Cemetery |  |  | 10,792 |  |  |  | 11,807 |
Total |  | $ | 31,890 |  |  | $ | 34,558 |
(1) | Preneed sales amounts represent total preneed funeral trust and insurance sales and cemetery service and merchandise trust sales generated in the applicable period, net of cancellations. Preneed funeral and cemetery merchandise and service sales are deferred until a future period and have no impact on current revenues.
Summary of assumptions utilized in the Black-Scholes model for stock options granted |
|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Weighted-average risk-free interest rate |  |  | 0.62 | % |  |  | 1.34 | % |  |  | 0.91 | %
Expected term of option in years |  |  | 4.25 |  |  |  | 3.92 |  |  |  | 2.13 |
Weighted-average volatility |  |  | 48.4 | % |  |  | 58.5 | % |  |  | 59.6 | %
Dividend yield |  |  | 11.4 | % |  |  | 8.9 | % |  |  | 9.8 | %
Weighted average grant date fair value per share |  | $ | 0.87 |  |  | $ | 1.67 |  |  | $ | 1.46 |

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- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the total compensation cost related to nonvested awards not yet recognized and the weighted-average period over which it is expected to be recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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