XML 114 R99.htm IDEA: XBRL DOCUMENT
v3.19.1

15) Business Segment Information: Schedule of Segment Reporting Information, by Segment (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Tables/Schedules |
Schedule of Segment Reporting Information, by Segment |
| 2018
| Life |  | Cemetery/ |  |  | Intercompany |
| Insurance |  | Mortuary |  | Mortgage |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |
Revenue from customers | $ 75,928,910 |  | $ 13,726,518 |  | $ 116,185,853 |  | $ - |  | $ 205,841,281
Net investment income | 38,720,365 |  | 283,343 |  | 909,559 |  | - |  | 39,913,267
Gains on investments and other assets | 21,396,282 |  | 2,301,342 |  | 243,555 |  | - |  | 23,941,179
Other revenues | 1,636,901 |  | 128,797 |  | 8,157,302 |  | - |  | 9,923,000
Intersegment revenues: |  |  |  |  |  |  |  |  |
Net investment income | 3,972,532 |  | 429,312 |  | 503,794 |  | (4,905,638) |  | -
Total revenues | 141,654,990 |  | 16,869,312 |  | 126,000,063 |  | (4,905,638) |  | 279,618,727
Expenses: |  |  |  |  |  |  |  |  |
Death, surrenders and other policy benefits | 39,185,087 |  | - |  | - |  | - |  | 39,185,087
Increase in future policy benefits | 24,332,088 |  | - |  | - |  | - |  | 24,332,088
Amortization of deferred policy and pre-need acquisition costs and value of business acquired | 11,270,579 |  | 360,767 |  | - |  | - |  | 11,631,346
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |
Commissions | 3,242,745 |  | 1,222,642 |  | 45,825,965 |  | - |  | 50,291,352
Personnel | 18,489,063 |  | 4,773,866 |  | 44,106,023 |  | - |  | 67,368,952
Advertising | 566,154 |  | 333,852 |  | 3,702,585 |  | - |  | 4,602,591
Rent and rent related | 321,701 |  | 33,138 |  | 7,250,536 |  | - |  | 7,605,375
Depreciation on property and equipment | 400,686 |  | 372,469 |  | 1,093,846 |  | - |  | 1,867,001
Cost related to funding mortgage loans | - |  | - |  | 6,423,944 |  | - |  | 6,423,944
Intersegment | 402,213 |  | 182,009 |  | 531,370 |  | (1,115,592) |  | -
Other | 10,094,626 |  | 3,046,902 |  | 17,873,471 |  | - |  | 31,014,999
Interest expense: |  |  |  |  |  |  |  |  |
Intersegment | 481,587 |  | 173,807 |  | 3,134,652 |  | (3,790,046) |  | -
Other | 2,744,841 |  | 294,535 |  | 3,917,331 |  | - |  | 6,956,707
Cost of goods and services sold - mortuaries and cemeteries | - |  | 2,158,895 |  | - |  | - |  | 2,158,895
Total benefits and expenses | 111,531,370 |  | 12,952,882 |  | 133,859,723 |  | (4,905,638) |  | 253,438,337
Earnings before income taxes | $ 30,123,620 |  | $ 3,916,430 |  | $ (7,859,660) |  | $ - |  | $ 26,180,390
Income tax benefit (expense) | (5,275,662) |  | (946,820) |  | 1,728,171 |  | - |  | (4,494,311)
Net earnings | $ 24,847,958 |  | $ 3,916,430 |  | $ (6,131,489) |  | $ - |  | $ 21,686,079
Identifiable assets | $ 928,251,387 |  | $ 90,639,130 |  | $ 159,680,649 |  | $ (130,525,613) |  | $ 1,048,045,553
Goodwill | $ 2,765,570 |  | $ - |  | $ - |  | $ - |  | $ 2,765,570
| 2017
| Life |  | Cemetery/ |  |  | Intercompany |
| Insurance |  | Mortuary |  | Mortgage |  | Eliminations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |
From external sources: |  |  |  |  |  |  |  |  |
Revenue from customers | $ 70,412,476 |  | $ 12,657,117 |  | $ 153,797,171 |  | $ - |  | $ 236,866,764
Net investment income | 34,089,912 |  | 424,316 |  | 548,740 |  | - |  | 35,062,968
Gains (losses) on investments and other assets | (3,871,309) |  | 186,335 |  | 736,492 |  | - |  | (2,948,482)
Other than temporary impairments | (774,339) |  | - |  | - |  | - |  | (774,339)
Other revenues | 856,094 |  | 97,602 |  | 7,765,483 |  | - |  | 8,719,179
Intersegment revenues: |  |  |  |  |  |  |  |  |
Net investment income | 5,987,731 |  | 422,623 |  | 401,283 |  | (6,811,637) |  | -
Total revenues | 106,700,565 |  | 13,787,993 |  | 163,249,169 |  | (6,811,637) |  | 276,926,090
Expenses: |  |  |  |  |  |  |  |  |
Death, surrenders and other policy benefits | 36,095,018 |  | - |  | - |  | - |  | 36,095,018
Increase in future policy benefits | 23,622,750 |  | - |  | - |  | - |  | 23,622,750
Amortization of deferred policy and pre-need acquisition costs and value of business acquired | 8,157,456 |  | 322,794 |  | - |  | - |  | 8,480,250
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |
Commissions | 3,095,319 |  | 1,053,449 |  | 63,954,249 |  | - |  | 68,103,017
Personnel | 17,031,563 |  | 4,519,573 |  | 48,777,694 |  | - |  | 70,328,830
Advertising | 518,117 |  | 293,009 |  | 4,943,614 |  | - |  | 5,754,740
Rent and rent related | 446,701 |  | 51,742 |  | 8,212,251 |  | - |  | 8,710,694
Depreciation on property and equipment | 484,349 |  | 401,564 |  | 1,334,780 |  | - |  | 2,220,693
Costs related to funding mortgage loans | - |  | - |  | 8,663,223 |  | - |  | 8,663,223
Intersegment | 315,588 |  | 184,853 |  | 499,707 |  | (1,000,148) |  | -
Other | 9,540,607 |  | 2,826,208 |  | 17,064,784 |  | - |  | 29,431,599
Interest expense: |  |  |  |  |  |  |  |  |
Intersegment | 445,520 |  | 181,793 |  | 5,184,176 |  | (5,811,489) |  | -
Other | 2,218,956 |  | 330,211 |  | 3,488,165 |  | - |  | 6,037,332
Cost of goods and services sold - mortuaries and cemeteries | - |  | 1,945,832 |  | - |  | - |  | 1,945,832
Total benefits and expenses | 101,971,944 |  | 12,111,028 |  | 162,122,643 |  | (6,811,637) |  | 269,393,978
Earnings before income taxes | $ 4,728,621 |  | $ 1,676,965 |  | $ 1,126,526 |  | $ - |  | $ 7,532,112
Income tax benefit (expense) | 6,301,872 |  | (606,293) |  | 885,243 |  | - |  | 6,580,822
Net earnings | $ 11,030,493 |  | $ 1,676,965 |  | $ 2,011,769 |  | $ - |  | $ 14,112,934
Identifiable assets | $ 858,068,899 |  | $ 95,097,729 |  | $ 161,051,531 |  | $ (134,810,675) |  | $ 979,407,484
Goodwill | $ 2,765,570 |  | $ - |  | $ - |  | $ - |  | $ 2,765,570

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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