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Share-Based Compensation (Tables)

12 Months Ended

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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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.

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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.

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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.

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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.

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