0001016281-21-000112 | 10-Q | XBRL Viewer

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Receivables Allowance for credit losses by portfolio segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Credit Loss Expense (Reversal)	$ (342)
Accounts and Financing Receivable, Allowance for Credit Loss, Writeoff	653
Accounts Receivable, Allowance for Credit Loss, Recovery	(307)
Allowance for credit losses	(1,283)	$ (1,287)
Funeral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Credit Loss Expense (Reversal)	(203)
Accounts and Financing Receivable, Allowance for Credit Loss, Writeoff	553
Accounts Receivable, Allowance for Credit Loss, Recovery	(307)
Allowance for credit losses	(284)	(327)
Cemetery
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Credit Loss Expense (Reversal)	(139)
Accounts and Financing Receivable, Allowance for Credit Loss, Writeoff	100
Accounts Receivable, Allowance for Credit Loss, Recovery	0
Allowance for credit losses	$ (999)	$ (960)

Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The following table sets forth the computation of the basic and diluted earnings per share (in thousands, except per share data):


	Three months ended March 31,
	2020		2021
Numerator for basic and diluted earnings per share:
Net income (loss)	$	(4,197)	$	12,933
Less: Loss (earnings) allocated to unvested restricted stock	13		(27)
Income (loss) attributable to common stockholders	$	(4,184)	$	12,906

Denominator:
Denominator for basic earnings per common share - weighted average shares outstanding	17,805		17,965
Effect of dilutive securities:
Stock options	—		234

Denominator for diluted earnings per common share - weighted average shares outstanding	17,805		18,199

Basic earnings (loss) per common share:	$	(0.23)	$	0.72
Diluted earnings (loss) per common share:	$	(0.23)	$	0.71

For the three months ended March 31, 2020 there were 1,034,084 stock options excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect and 27,085 shares were excluded from the computation of diluted earnings per share amounts because the loss attributable to common stockholders was a loss, not income. For the three months ended March 31, 2021, no stock options were excluded from the computation of diluted earnings per share.

Recently Issued Accounting Standards - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounting Changes and Error Corrections [Abstract]
Operating lease right-of-use assets	$ 20,747	$ 21,201
Present value of lease liabilities	$ 21,933

Receivables (Aging of past due financing receivables) (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 4,181
Current	44,716
Total Financing Receivables	48,897
Recognized Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	3,211
Current	32,953
Total Financing Receivables	36,164
Deferred Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	970
Current	11,763
Total Financing Receivables	12,733
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	807
Financing Receivables, 30 to 59 Days Past Due [Member] \| Recognized Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	623
Financing Receivables, 30 to 59 Days Past Due [Member] \| Deferred Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	184
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	544
Financing Receivables, 60 to 89 Days Past Due [Member] \| Recognized Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	404
Financing Receivables, 60 to 89 Days Past Due [Member] \| Deferred Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	140
Financing Receivables, 90 to 120 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	240
Financing Receivables, 90 to 120 Days Past Due [Member] \| Recognized Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	194
Financing Receivables, 90 to 120 Days Past Due [Member] \| Deferred Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	46
Financing Receivables, Greater Than 120 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	2,590
Financing Receivables, Greater Than 120 Days Past Due [Member] \| Recognized Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	1,990
Financing Receivables, Greater Than 120 Days Past Due [Member] \| Deferred Revenue [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 600

- Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
- Lease Costs (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating lease cost	$ 960	$ 957
Short-term lease cost	49	32
Variable Lease, Cost	41	25
Depreciation of leased assets	108	109
Interest on lease liabilities	120	126
Total finance lease cost	228	235
Total lease cost	$ 1,278	$ 1,249

Intangible and Other Non-Current Assets - Aggregate amortization expense for our intangible assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of 2021	$ 459
2022	519
2023	446
2024	380
2025	373
Thereafter	499
Total amortization expense	2,676	$ 2,785
Commissions [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of 2021	437
2022	543
2023	488
2024	425
2025	359
Thereafter	988
Total amortization expense	$ 3,240	$ 3,141

Receivables from Preneed Trusts Receivables from Preneed Trusts (Composition of Assets Held in Trusts) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	$ 17,581	$ 17,532
Fair Value [Member] \| Cash and cash equivalents [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	4,697	4,604
Fair Value [Member] \| Fixed income investments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	10,473	10,355
Fair Value [Member] \| Mutual funds and common stocks [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	2,406	2,569
Fair Value [Member] \| Annuities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	5	4
Historical Cost Basis [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	17,502	17,365
Historical Cost Basis [Member] \| Cash and cash equivalents [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	4,697	4,604
Historical Cost Basis [Member] \| Fixed income investments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	10,473	10,355
Historical Cost Basis [Member] \| Mutual funds and common stocks [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	2,327	2,402
Historical Cost Basis [Member] \| Annuities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	$ 5	$ 4

Stockholders' Equity Performance Awards Assumptions (Details) - shares		3 Months Ended	12 Months Ended
	Feb. 19, 2020	Mar. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected holding period (years)		5 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	237,500	27,948	368,921

- Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 20,747	$ 21,201
Present value of lease liabilities	$ 21,933

Basis of Presentation and Summary of Significant Accounting Policies (PPE) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 414,450		$ 414,484
Unearned finance charges associated with receivables	4,508		4,348
Provision for bad debt and credit losses	588	$ 690
Property, plant and equipment, gross			101,100
Accumulated Amortization, Property, Plant, and Equipment	48,100		46,600
Amortization Of Cemetery Property	1,500	900
Less: accumulated depreciation	(147,395)		(145,433)
Property, plant and equipment, net	267,055		269,051
Depreciation expense	$ 3,400	$ 3,600
Income taxes before discrete items	31.00%	33.60%
Unrecognized tax benefit	$ 3,656		3,656
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	81,981		82,615
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	240,988		240,567
Furniture, equipment and automobiles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment	$ 91,481		$ 91,302

LEASES

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

LEASES

Our lease obligations consist of operating and finance leases related to real estate and equipment. The components of lease cost are as follows (in thousands):


		Three months ended March 31,
	Income Statement Classification	2020		2021
Operating lease cost	Facilities and grounds expense(1)	$	957	$	960
Short-term lease cost	Facilities and grounds expense(1)	32		49
Variable lease cost	Facilities and grounds expense(1)	25		41

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	109	$	108
Interest on lease liabilities	Interest expense	126		120
Total finance lease cost		235		228
Total lease cost		$	1,249	$	1,278



(1)			Facilities and grounds expense is included within Cost of service and General, administrative and other on our Consolidated Statements of Operations.
(2)			Depreciation and amortization expense is included within Field depreciation and Home office depreciation and amortization on our Consolidated Statements of Operations.

Supplemental cash flow information related to our leases is as follows (in thousands):


	Three months ended March 31,
	2020		2021
Cash paid for operating leases included in operating activities	$	696	$	965
Cash paid for finance leases included in financing activities	200		209

Right-of-use assets obtained in exchange for new leases is as follows (in thousands):


	Three months ended March 31,
	2020		2021
Right-of-use assets obtained in exchange for new operating lease liabilities	$	77	$	56
Right-of-use assets obtained in exchange for new finance lease liabilities	—		—

Supplemental balance sheet information related to leases is as follows (in thousands):


Lease Type	Balance Sheet Classification	December 31, 2020		March 31, 2021
Operating lease right-of-use assets	Operating lease right-of-use assets	$	21,201	$	20,747

Finance lease right-of-use assets	Property, plant and equipment, net	$	6,770	$	6,770
Accumulated depreciation	Property, plant and equipment, net	(2,005)		(2,113)
Finance lease right-of-use assets, net		$	4,765	$	4,657

Operating lease current liabilities	Current portion of operating lease obligations	$	2,082	$	2,057
Finance lease current liabilities	Current portion of finance lease obligations	323		331
Total current lease liabilities		$	2,405	$	2,388

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	20,302	$	19,876
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,531		5,445
Total non-current lease liabilities		$	25,833	$	25,321

Total lease liabilities		$	28,238	$	27,709

The average lease terms and discount rates at March 31, 2021 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	10.7	8.1	%
Finance leases	5.6	8.2	%

The aggregate future lease payments for operating and finance leases as of March 31, 2021 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2021	$	2,854	$	627
2022	3,439		860
2023	3,318		860
2024	3,301		791
2025	3,161		736
Thereafter	16,188		5,555
Total lease payments	32,261		9,429
Less: Interest	(10,328)		(3,653)
Present value of lease liabilities	$	21,933	$	5,776

At March 31, 2021, we had no additional significant operating or finance leases that had not yet commenced.

LEASES

Our lease obligations consist of operating and finance leases related to real estate and equipment. The components of lease cost are as follows (in thousands):


		Three months ended March 31,
	Income Statement Classification	2020		2021
Operating lease cost	Facilities and grounds expense(1)	$	957	$	960
Short-term lease cost	Facilities and grounds expense(1)	32		49
Variable lease cost	Facilities and grounds expense(1)	25		41

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	109	$	108
Interest on lease liabilities	Interest expense	126		120
Total finance lease cost		235		228
Total lease cost		$	1,249	$	1,278



(1)			Facilities and grounds expense is included within Cost of service and General, administrative and other on our Consolidated Statements of Operations.
(2)			Depreciation and amortization expense is included within Field depreciation and Home office depreciation and amortization on our Consolidated Statements of Operations.

Supplemental cash flow information related to our leases is as follows (in thousands):


	Three months ended March 31,
	2020		2021
Cash paid for operating leases included in operating activities	$	696	$	965
Cash paid for finance leases included in financing activities	200		209

Right-of-use assets obtained in exchange for new leases is as follows (in thousands):


	Three months ended March 31,
	2020		2021
Right-of-use assets obtained in exchange for new operating lease liabilities	$	77	$	56
Right-of-use assets obtained in exchange for new finance lease liabilities	—		—

Supplemental balance sheet information related to leases is as follows (in thousands):


Lease Type	Balance Sheet Classification	December 31, 2020		March 31, 2021
Operating lease right-of-use assets	Operating lease right-of-use assets	$	21,201	$	20,747

Finance lease right-of-use assets	Property, plant and equipment, net	$	6,770	$	6,770
Accumulated depreciation	Property, plant and equipment, net	(2,005)		(2,113)
Finance lease right-of-use assets, net		$	4,765	$	4,657

Operating lease current liabilities	Current portion of operating lease obligations	$	2,082	$	2,057
Finance lease current liabilities	Current portion of finance lease obligations	323		331
Total current lease liabilities		$	2,405	$	2,388

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	20,302	$	19,876
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,531		5,445
Total non-current lease liabilities		$	25,833	$	25,321

Total lease liabilities		$	28,238	$	27,709

The average lease terms and discount rates at March 31, 2021 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	10.7	8.1	%
Finance leases	5.6	8.2	%

The aggregate future lease payments for operating and finance leases as of March 31, 2021 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2021	$	2,854	$	627
2022	3,439		860
2023	3,318		860
2024	3,301		791
2025	3,161		736
Thereafter	16,188		5,555
Total lease payments	32,261		9,429
Less: Interest	(10,328)		(3,653)
Present value of lease liabilities	$	21,933	$	5,776

At March 31, 2021, we had no additional significant operating or finance leases that had not yet commenced.

Acquisitions Purchase Accounting (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 391,972	$ 392,978	$ 398,292

(Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Components of Lease Expense

The components of lease cost are as follows (in thousands):


		Three months ended March 31,
	Income Statement Classification	2020		2021
Operating lease cost	Facilities and grounds expense(1)	$	957	$	960
Short-term lease cost	Facilities and grounds expense(1)	32		49
Variable lease cost	Facilities and grounds expense(1)	25		41

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	109	$	108
Interest on lease liabilities	Interest expense	126		120
Total finance lease cost		235		228
Total lease cost		$	1,249	$	1,278



(1)			Facilities and grounds expense is included within Cost of service and General, administrative and other on our Consolidated Statements of Operations.
(2)			Depreciation and amortization expense is included within Field depreciation and Home office depreciation and amortization on our Consolidated Statements of Operations.

Supplemental cash flow information related to our leases is as follows (in thousands):


	Three months ended March 31,
	2020		2021
Cash paid for operating leases included in operating activities	$	696	$	965
Cash paid for finance leases included in financing activities	200		209

Right-of-use assets obtained in exchange for new leases is as follows (in thousands):


	Three months ended March 31,
	2020		2021
Right-of-use assets obtained in exchange for new operating lease liabilities	$	77	$	56
Right-of-use assets obtained in exchange for new finance lease liabilities	—		—

Supplemental balance sheet information related to leases is as follows (in thousands):


Lease Type	Balance Sheet Classification	December 31, 2020		March 31, 2021
Operating lease right-of-use assets	Operating lease right-of-use assets	$	21,201	$	20,747

Finance lease right-of-use assets	Property, plant and equipment, net	$	6,770	$	6,770
Accumulated depreciation	Property, plant and equipment, net	(2,005)		(2,113)
Finance lease right-of-use assets, net		$	4,765	$	4,657

Operating lease current liabilities	Current portion of operating lease obligations	$	2,082	$	2,057
Finance lease current liabilities	Current portion of finance lease obligations	323		331
Total current lease liabilities		$	2,405	$	2,388

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	20,302	$	19,876
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,531		5,445
Total non-current lease liabilities		$	25,833	$	25,321

Total lease liabilities		$	28,238	$	27,709

The average lease terms and discount rates at March 31, 2021 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	10.7	8.1	%
Finance leases	5.6	8.2	%

Maturities of Operating Lease Liabilities

The aggregate future lease payments for operating and finance leases as of March 31, 2021 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2021	$	2,854	$	627
2022	3,439		860
2023	3,318		860
2024	3,301		791
2025	3,161		736
Thereafter	16,188		5,555
Total lease payments	32,261		9,429
Less: Interest	(10,328)		(3,653)
Present value of lease liabilities	$	21,933	$	5,776

Maturities of Financing Lease Liabilities

The aggregate future lease payments for operating and finance leases as of March 31, 2021 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2021	$	2,854	$	627
2022	3,439		860
2023	3,318		860
2024	3,301		791
2025	3,161		736
Thereafter	16,188		5,555
Total lease payments	32,261		9,429
Less: Interest	(10,328)		(3,653)
Present value of lease liabilities	$	21,933	$	5,776

Intangible and Other Non-Current Assets

3 Months Ended

Mar. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Intangible and Other Non-Current Assets

INTANGIBLE AND OTHER NON-CURRENT ASSETS

Intangible and other non-current assets are as follows (in thousands):


	December 31, 2020		March 31, 2021
Tradenames	$	23,565	$	23,565
Prepaid agreements not-to-compete, net of accumulated amortization of $3,193 and $3,361, respectively	2,785		2,676
Capitalized commissions on preneed contracts, net of accumulated amortization of $1,594 and $1,746, respectively	3,141		3,240

Other	51		21
Intangible and other non-current assets, net	$	29,542	$	29,502

Tradenames

Our tradenames have indefinite lives and therefore are not amortized.

Prepaid Agreements

Prepaid agreements not-to-compete are amortized over the term of the respective agreements, ranging generally from one to ten years. Amortization expense was $187,000 and $168,000 for the three months ended March 31, 2020 and 2021, respectively.

Capitalized Commissions

We capitalize our selling costs related to preneed cemetery merchandise and services and preneed funeral trust contracts. These costs are amortized on a straight-line basis over the average maturity period for our preneed cemetery merchandise and services contracts and preneed funeral trust contracts, of eight and ten years, respectively. Amortization expense related to capitalized commissions totaled $141,000 and $152,000 for the three months ended March 31, 2020 and 2021, respectively.

The aggregate amortization expense for our non-compete agreements and capitalized commissions as of March 31, 2021 is as follows (in thousands):


	Non-Compete Agreements		Capitalized Commissions
Years ending December 31,
Remainder of 2021	$	459	$	437
2022	519		543
2023	446		488
2024	380		425
2025	373		359
Thereafter	499		988
Total amortization expense	$	2,676	$	3,240

CREDIT FACILITY AND ACQUISITION DEBT (Long-term Debt Table) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Accumulated Amortization, Debt Issuance Costs	$ 937,000			$ 819,000
Current maturities on long-term debt	(913,000)			(1,027,000)
Long-term debt, excluding current maturities	4,442,000			4,482,000
Revolving credit facility present accordion provisions	75,000,000.0
Credit Facility amortization of debt issuance costs	193,000		$ 200,000
Credit Agreement 2018 [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Carrying value of the liability component				47,200,000
Credit Facility amortization of debt issuance costs		$ 118,000	$ 126,000
Credit Agreement [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt issuance costs				(1,136,000)
Credit Agreement [Member] \| Term Loan [Member]
Debt Instrument [Line Items]
Carrying value of the liability component	27,282,000			46,064,000
Notes Payable, Other Payables [Member] \| Acquisition Debt, Deferred Purchase Price [Member]
Debt Instrument [Line Items]
Carrying value of the liability component	5,355,000			$ 5,509,000
Revolving Credit Facility [Member] \| Credit Agreement [Member]
Debt Instrument [Line Items]
Debt issuance costs	$ (1,018,000)

CREDIT FACILITY AND ACQUISITION DEBT (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Our Credit Facility and Acquisition debt consisted of the following (in thousands):


	December 31, 2020		March 31, 2021
Credit Facility	$	47,200	$	28,300
Debt issuance costs, net of accumulated amortization of $819 and $937, respectively	(1,136)		(1,018)
Total Credit Facility	$	46,064	$	27,282

Acquisition debt	$	5,509	$	5,355
Less: current portion	(1,027)		(913)
Total acquisition debt, net of current portion	$	4,482	$	4,442

The imputed interest expense related to our acquisition debt is as follows (in thousands):


	Three months ended March 31,
	2020		2021
Acquisition debt imputed interest expense	$	127	$	97

Schedule of Line of Credit Facilities

he interest expense and amortization of debt issuance costs related to our Credit Facility are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Credit Facility interest expense	$	1,230	$	445
Credit Facility amortization of debt issuance costs	126		118

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Intangible and Other Non-Current Assets (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Mar. 31, 2021 USD ($) divestiture	Sep. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Sep. 30, 2021	Dec. 31, 2020 USD ($)
Finite-Lived Intangible Assets [Line Items]
Other Assets, Noncurrent	$ 21				$ 51
Deferred Costs and Other Assets	29,502				29,542
Amortization of deferred financing costs	193		$ 200
Amortization of Intangible Assets	320		328
Amortization of capitalized commissions and non-compete agreements	152		141
Accumulated Amortization of Other Deferred Costs	$ 1,746				1,594
Number of Businesses Sold \| divestiture	2
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Service Contract, Term	8 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Service Contract, Term	10 years			10 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Other Assets, Noncurrent	$ 23,565				23,565
Commissions [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	3,240				3,141
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	2,676				2,785
Finite-Lived Intangible Assets, Accumulated Amortization	3,361				$ 3,193
Amortization of Intangible Assets	$ 168		187
Noncompete Agreements [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Service Contract, Term	1 year
Noncompete Agreements [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Service Contract, Term	10 years
Credit Agreement 2018 [Member] \| Revolving Credit Facility [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of deferred financing costs		$ 118	$ 126

Receivables

3 Months Ended

Mar. 31, 2021

Preneed Cemetery Receivables [Abstract]

Receivables

RECEIVABLES

Accounts Receivable

Accounts receivable is comprised of the following (in thousands):


	March 31, 2021
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	9,827	$	12,451	$	—	$	22,278
Other receivables	426		2,769		1,395		4,590
Allowance for credit losses	(284)		(999)		—		(1,283)
Accounts receivable, net	$	9,969	$	14,221	$	1,395	$	25,585


	December 31, 2020
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	11,448	$	12,230	$	—	$	23,678
Other receivables	367		2,144		201		2,712
Allowance for credit losses	(327)		(960)		—		(1,287)
Accounts receivable, net	$	11,488	$	13,414	$	201	$	25,103

Other receivables include supplier rebates, commissions due from third party insurance companies, perpetual care income receivables and proceeds due from an insurance claim. We do not provide an allowance for credit losses for these receivables as we have historically not had any collectability issues nor do we expect any in the foreseeable future.

The following table summarizes the activity in our allowance for credit losses by portfolio segment (in thousands):


	January 1, 2021		Provision for Credit Losses		Write Offs		Recoveries		March 31, 2021
Trade and financed receivables:
Funeral	$	(327)	$	(203)	$	553	$	(307)	$	(284)
Cemetery	(960)		(139)		100		—		(999)
Total allowance for credit losses on Trade and financed receivables	$	(1,287)	$	(342)	$	653	$	(307)	$	(1,283)

Preneed Cemetery Receivables

Our preneed cemetery receivables are comprised of the following (in thousands):


	December 31, 2020		March 31, 2021
Cemetery interment rights	$	36,696	$	38,108
Cemetery merchandise and services	10,526		10,789
Cemetery financed receivables	$	47,222	$	48,897

The components of our preneed cemetery receivables are as follows (in thousands):


	December 31, 2020		March 31, 2021
Preneed cemetery receivables	$	47,222	$	48,897
Less: unearned finance charges	(4,348)		(4,508)
Preneed cemetery receivables, at amortized cost	$	42,874	$	44,389
Less: allowance for credit losses	(2,604)		(2,864)
Less: balances due on undelivered cemetery preneed contracts	(7,919)		(8,540)
Less: amounts in accounts receivable	(11,270)		(11,452)
Preneed cemetery receivables, net	$	21,081	$	21,533

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net (in thousands):


	January 1, 2021		Provision for Credit Losses		Write Offs		March 31, 2021
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,644)	$	(246)	$	25	$	(1,865)

The amortized cost basis of our preneed cemetery receivables by year of origination as of March 31, 2021 is as follows (in thousands):


	2021		2020		2019		2018		2017		Prior		Total
Total preneed cemetery receivables, at amortized cost	$	7,913	$	16,490	$	9,585	$	5,118	$	2,814	$	2,469	$	44,389

The aging of past due preneed cemetery receivables as of March 31, 2021 is as follows (in thousands):


	31-60 Past Due		61-90 Past Due		91-120 Past Due		>120 Past Due		Total Past Due		Current		Total
Recognized revenue	$	623	$	404	$	194	$	1,990	$	3,211	$	32,953	$	36,164
Deferred revenue	184		140		46		600		970		11,763		12,733
Total contracts	$	807	$	544	$	240	$	2,590	$	4,181	$	44,716	$	48,897

Trust Investments (Estimated maturities of fixed preneed funeral trust income securities) (Details) - Preneed Funeral Trust Investments [Member] $ in Thousands	Mar. 31, 2021 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 821
Due in one to five years	12,143
Due in five to ten years	7,855
Thereafter	22,043
Total	$ 42,862

Goodwill (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table presents changes in goodwill in the accompanying Consolidated Balance Sheet (in thousands):


	December 31, 2020		March 31, 2021
Goodwill at the beginning of the period	$	398,292	$	392,978
Net increase in goodwill related to acquisitions	14,054		—
Decrease in goodwill related to divestitures	(5,736)		(1,006)
Decrease in goodwill related to impairments	(13,632)		—
Goodwill at the end of the period	$	392,978	$	391,972

Basis of Presentation and Summary of Significant Accounting Policies Performance Obligation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenue from External Customer [Line Items]
Tax adjustment related to discrete items	$ (117)	$ (14)
Term of sales contract for cemetery interment rights, maximum (in Duration)	5 years
Funeral \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue from External Customer [Line Items]
Revenue, Remaining Performance Obligation, Amount			$ 8,200
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period			10 years
Funeral \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue from External Customer [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 8,100
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	10 years
Cemetery \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue from External Customer [Line Items]
Revenue, Remaining Performance Obligation, Amount			$ 7,900
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period			8 years
Cemetery \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue from External Customer [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 8,500
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	8 years

- Maturities of Operating and Financing Lease Liabilities (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Operating
Remainder of 2021	$ 2,854
2022	3,439
2023	3,318
2024	3,301
2025	3,161
Thereafter	16,188
Total lease payments	32,261
Less: Interest	(10,328)
Present value of lease liabilities	21,933
Finance
Remainder of 2021	627
2022	860
2023	860
2024	791
2025	736
Thereafter	5,555
Total lease payments	9,429
Less: Interest	(3,653)
Present value of lease liabilities	$ 5,776

Goodwill (Notes)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

GOODWILL

The following table presents changes in goodwill in the accompanying Consolidated Balance Sheet (in thousands):


	December 31, 2020		March 31, 2021
Goodwill at the beginning of the period	$	398,292	$	392,978
Net increase in goodwill related to acquisitions	14,054		—
Decrease in goodwill related to divestitures	(5,736)		(1,006)
Decrease in goodwill related to impairments	(13,632)		—
Goodwill at the end of the period	$	392,978	$	391,972

Trust Investments (Tables)

3 Months Ended

Mar. 31, 2021

Preneed Trust Investments [Abstract]

Components of preneed cemetery trust investments

The components of Preneed cemetery trust investments on our Consolidated Balance Sheet are as follows (in thousands):


	December 31, 2020		March 31, 2021
Preneed cemetery trust investments, at market value	$	89,081	$	94,882
Less: allowance for contract cancellation	(2,477)		(2,519)
Preneed cemetery trust investments	$	86,604	$	92,363

Cost and fair market values associated with preneed cemetery trust investments

The cost and market values associated with preneed cemetery trust investments at March 31, 2021 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	1,464	$	—	$	—	$	1,464
Fixed income securities:

Foreign debt	2	15,996		2,244		(620)		17,620
Corporate debt	2	14,509		1,849		(91)		16,267
Preferred stock	2	11,922		689		(360)		12,251
Mortgage-backed securities	2	—		—		—		—
Common stock	1	31,925		7,912		(3,508)		36,329
Mutual funds:
Equity	1	27		1		—		28
Fixed Income	2	8,110		1,729		(137)		9,702
Trust securities		$	83,953	$	14,424	$	(4,716)	$	93,661
Accrued investment income		$	1,221					$	1,221
Preneed cemetery trust investments								$	94,882
Market value as a percentage of cost								111.6		%

The cost and market values associated with preneed cemetery trust investments at December 31, 2020 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	1,859	$	—	$	—	$	1,859
Fixed income securities:
Foreign debt	2	15,953		2,083		(702)		17,334
Corporate debt	2	14,856		1,820		(358)		16,318
Preferred stock	2	11,886		980		(336)		12,530
Mortgage-backed securities	2	272		—		(159)		113
Common stock	1	30,253		7,642		(6,601)		31,294
Mutual funds:
Fixed income	2	7,494		1,331		(185)		8,640
Trust Securities		$	82,573	$	13,856	$	(8,341)	$	88,088
Accrued investment income		$	993					$	993
Preneed cemetery trust investments								$	89,081
Market value as a percentage of cost								106.7		%

Estimated maturities of fixed preneed cemetery trust income securities

The estimated maturities of the fixed income securities (excluding mutual funds) included above are as follows (in thousands):


Due in one year or less	$	—
Due in one to five years	13,602
Due in five to ten years	8,505
Thereafter	24,031
Total fixed income securities	$	46,138

Schedule of fair market value and unrealized loss on cemetery merchandise and service trust investments

The following table summarized our fixed income securities (excluding mutual funds) within our preneed cemetery trust investments in an unrealized loss position at March 31, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	March 31, 2021
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	2,590	$	(114)	$	509	$	(506)	$	3,099	$	(620)
Corporate debt	735		(9)		682		(82)		1,417		(91)
Preferred stock	3,912		(324)		837		(36)		4,749		(360)

Total fixed income securities with an unrealized loss	$	7,237	$	(447)	$	2,028	$	(624)	$	9,265	$	(1,071)

The following table summarized our fixed income securities (excluding mutual funds) within our preneed cemetery trust investments in an unrealized loss position at December 31, 2020, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 2020
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	2,517	$	(57)	$	371	$	(645)	$	2,888	$	(702)
Corporate debt	784		(99)		542		(259)		1,326		(358)
Preferred stock	709		(118)		4,049		(218)		4,758		(336)
Mortgage-backed securities	—		—		112		(159)		112		(159)
Total fixed income securities with an unrealized loss	$	4,010	$	(274)	$	5,074	$	(1,281)	$	9,084	$	(1,555)

Preneed cemetery trust investment security transactions

Preneed cemetery trust investment security transactions recorded in Other, net on our Consolidated Statements of Operations are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Investment income	$	319	$	467
Realized gains	1,916		4,092
Realized losses	(1,372)		(2,518)
Unrealized gains (losses), net	(16,305)		9,708
Expenses and taxes	(187)		(327)
Net change in deferred preneed cemetery receipts held in trust	15,629		(11,422)
	$	—	$	—

Purchases and sales of investments in preneed cemetary trusts

Purchases and sales of investments in the preneed cemetery trusts are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Purchases	$	(18,857)	$	(8,411)
Sales	13,231		8,049

Components of preneed funeral trust investments

The components of Preneed funeral trust investments on our Consolidated Balance Sheet are as follows (in thousands):


	December 31, 2020		March 31, 2021
Preneed funeral trust investments, at market value	$	104,166	$	108,131
Less: allowance for contract cancellation	(2,931)		(2,930)
Preneed funeral trust investments	$	101,235	$	105,201

Estimated maturities of fixed preneed funeral trust income securities

The estimated maturities of the fixed income securities (excluding mutual funds) included above are as follows (in thousands):


Due in one year or less	$	821
Due in one to five years	12,143
Due in five to ten years	7,855
Thereafter	22,043
Total fixed income securities	$	42,862

Cost and fair market values associated with preneed funeral trust investments

The cost and market values associated with preneed funeral trust investments at March 31, 2021 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	18,119	$	—	$	—	$	18,119
Fixed income securities:
U.S treasury debt	1	816		5		—		821

Foreign debt	2	14,959		2,142		(551)		16,550
Corporate debt	2	12,826		1,639		(87)		14,378
Preferred stock	2	10,816		637		(340)		11,113

Common stock	1	29,618		7,546		(3,120)		34,044
Mutual funds:
Equity	1	26		1		—		27
Fixed income	2	6,600		1,534		(87)		8,047
Other investments	2	3,901		—		—		3,901
Trust securities		$	97,681	$	13,504	$	(4,185)	$	107,000
Accrued investment income		$	1,131					$	1,131
Preneed funeral trust investments								$	108,131
Market value as a percentage of cost								109.5		%

The cost and market values associated with preneed funeral trust investments at December 31, 2020 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	18,478	$	—	$	—	$	18,478
Fixed income securities:
U.S. treasury debt	1	819		6		—		825
Foreign debt	2	15,144		2,018		(634)		16,528
Corporate debt	2	13,292		1,638		(310)		14,620
Preferred stock	2	10,944		900		(298)		11,546
Mortgage-backed securities	2	293		1		(155)		139
Common stock	1	28,327		7,364		(6,052)		29,639
Mutual funds:

Fixed income	2	6,475		1,198		(121)		7,552
Other investments	2	3,928		—		—		3,928
Trust securities		$	97,700	$	13,125	$	(7,570)	$	103,255
Accrued investment income		$	911					$	911
Preneed funeral trust investments								$	104,166
Market value as a percentage of cost								105.7		%

Schedule of fair market value and unrealized loss on preneed funeral trust investments

The following table summarized our fixed income securities (excluding mutual funds) within our preneed funeral trust investment in an unrealized loss position at March 31, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	March 31, 2021
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	2,270	$	(100)	$	456	$	(451)	$	2,726	$	(551)
Corporate debt	705		(9)		654		(78)		1,359		(87)
Preferred stock	3,750		(311)		599		(29)		4,349		(340)

Total fixed income securities with an unrealized loss	$	6,725	$	(420)	$	1,709	$	(558)	$	8,434	$	(978)

The following table summarized our fixed income securities (excluding mutual funds) within our preneed funeral trust investment in an unrealized loss position at December 31, 2020, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 2020
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	2,225	$	(55)	$	337	$	(579)	$	2,562	$	(634)
Corporate debt	763		(96)		528		(214)		1,291		(310)
Preferred stock	506		(87)		3,942		(211)		4,448		(298)
Mortgage-backed securities	—		—		111		(155)		111		(155)
Total fixed income securities with an unrealized loss	$	3,494	$	(238)	$	4,918	$	(1,159)	$	8,412	$	(1,397)

Preneed funeral trust investment security transactions

Preneed funeral trust investment security transactions recorded in Other, net on the Consolidated Statements of Operations are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Investment income	$	258	$	369
Realized gains	2,551		3,871
Realized losses	(1,129)		(2,368)
Unrealized gains (losses), net	(15,274)		9,319
Expenses and taxes	(97)		(196)
Net change in deferred preneed funeral receipts held in trust	13,691		(10,995)
	$	—	$	—

Purchases and sales of investments in preneed funeral trusts

Purchases and sales of investments in the preneed funeral trusts are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Purchases	$	(18,538)	$	(7,628)
Sales	15,968		7,524

Purchases and sales of investments in the perpetual care trusts are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Purchases	$	(14,612)	$	(6,137)
Sales	12,694		5,956

Components of care trusts' corpus

Care trusts’ corpus on our Consolidated Balance Sheet represent the corpus of those trusts plus undistributed income. The components of Care trusts’ corpus are as follows (in thousands):


	December 31, 2020		March 31, 2021
Cemetery perpetual care trust investments, at market value	$	70,828	$	75,815
Obligations due from trust	(1,121)		(455)
Care trusts’ corpus	$	69,707	$	75,360

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

The following table summarized our fixed income securities (excluding mutual funds) within our perpetual care trust investment in an unrealized loss position at March 31, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	March 31, 2021
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	1,800	$	(79)	$	430	$	(429)	$	2,230	$	(508)
Corporate debt	559		(7)		519		(62)		1,078		(69)
Preferred stock	2,973		(246)		1,318		(53)		4,291		(299)

Total fixed income securities with an unrealized loss	$	5,332	$	(332)	$	2,267	$	(544)	$	7,599	$	(876)

The following table summarized our fixed income securities (excluding mutual funds) within our perpetual care trust investment in an unrealized loss position at December 31, 2020, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 2020
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	1,728	$	(43)	$	312	$	(539)	$	2,040	$	(582)
Corporate debt	592		(74)		410		(166)		1,002		(240)
Preferred stock	1,142		(191)		3,060		(164)		4,202		(355)
Mortgage-backed securities	—		—		85		(121)		85		(121)
Total fixed income securities with an unrealized loss	$	3,462	$	(308)	$	3,867	$	(990)	$	7,329	$	(1,298)

Preneed Funeral Trust Investment Security Transactions [Table Text Block]

Perpetual care trust investment security transactions recorded in Other, net on our Consolidated Statements of Operations are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Realized gains	$	709	$	691
Realized losses	(679)		(420)
Unrealized gains (losses), net	(13,525)		7,699
Net change in Care trusts’ corpus	13,495		(7,970)
Total	$	—	$	—

Perpetual care trust investment security transactions recorded in Other revenue on our Consolidated Statements of Operations are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Investment income	$	1,405	$	2,513
Realized losses, net	(36)		(138)
Total	$	1,369	$	2,375

Intangible and Other Non-Current Assets (Tables)

3 Months Ended

Mar. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure

Intangible and other non-current assets are as follows (in thousands):


	December 31, 2020		March 31, 2021
Tradenames	$	23,565	$	23,565
Prepaid agreements not-to-compete, net of accumulated amortization of $3,193 and $3,361, respectively	2,785		2,676
Capitalized commissions on preneed contracts, net of accumulated amortization of $1,594 and $1,746, respectively	3,141		3,240

Other	51		21
Intangible and other non-current assets, net	$	29,542	$	29,502

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The aggregate amortization expense for our non-compete agreements and capitalized commissions as of March 31, 2021 is as follows (in thousands):


	Non-Compete Agreements		Capitalized Commissions
Years ending December 31,
Remainder of 2021	$	459	$	437
2022	519		543
2023	446		488
2024	380		425
2025	373		359
Thereafter	499		988
Total amortization expense	$	2,676	$	3,240

Stockholders' Equity Stockholders' Equity (Stock-Based Compensation Plans) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		12 Months Ended
	Feb. 19, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Class of Stock [Line Items]
Exercise of stock options, shares		101,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price		$ 24.18
Payment, Tax Withholding, Share-based Payment Arrangement		$ 642	$ 234
Stock Options
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value		$ 1,300
Proceeds from Stock Options Exercised		147
Payment, Tax Withholding, Share-based Payment Arrangement		$ 295
Stock Options \| Maximum [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		10 years
Stock Options \| Black-Scholes
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		701,400
Share price at grant date		$ 34.79
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value		$ 7,100
Stock Options \| Monte-Carlo Pricing Model
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		150,000
Share price at grant date		$ 34.79
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value		$ 1,700
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		9,300	10,200
Performance Shares [Member]
Class of Stock [Line Items]
Share-based Goods and Nonemployee Services Transaction, Modification of Terms, Incremental Compensation Cost				$ 1,700
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	237,500	27,948		368,921

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property, Plant and Equipment

Property, plant and equipment is comprised of the following (in thousands):


	December 31, 2020		March 31, 2021
Land	$	82,615	$	81,981
Buildings and improvements	240,567		240,988
Furniture, equipment and automobiles	91,302		91,481
Property, plant and equipment, at cost	414,484		414,450
Less: accumulated depreciation	(145,433)		(147,395)
Property, plant and equipment, net	$	269,051	$	267,055

Senior Notes Carrying value of the Senior Notes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Accumulated Amortization, Debt Issuance Costs	$ 937,000		$ 819,000
Accretion of debt discount, net of debt premium on senior notes	80,000	$ 75,000
Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount	400,000,000		400,000,000
Debt discount, net of accumulated amortization of $1,293 and $1,431, respectively	(3,444,000)		(3,582,000)
Debt issuance costs, net of accumulated amortization of $496 and $570, respectively	(1,843,000)		(1,917,000)
Carrying value of the Senior Notes	396,122,000		395,968,000
Accumulated amortization, debt discount	1,431,000		1,293,000
Accumulated Amortization, Debt Issuance Costs	570,000		496,000
Senior Notes [Member] \| Senior Note Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Premium	1,409,000		$ 1,467,000
Accretion of debt discount, net of debt premium on senior notes	$ 58,000	$ 54,000

Trust Investments (Components of preneed funeral trust investments) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Preneed funeral trust investments	$ 105,201	$ 101,235
Preneed Funeral Trust Investments [Member]
Debt and Equity Securities, FV-NI [Line Items]
Preneed funeral trust investments, at fair value	108,131	104,166
Less: allowance for contract cancellation	(2,930)	(2,931)
Preneed funeral trust investments	105,201	101,235
Available-for-sale Securities, Amortized Cost Basis	97,681	97,700
Unrealized Gains	13,504	13,125
Unrealized Losses	(4,185)	(7,570)
Fair Market Value	107,000	$ 103,255
Preneed Funeral Trust Investments [Member] \| Fair Value, Inputs, Level 2 [Member] \| Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Available-for-sale Securities, Amortized Cost Basis	26
Unrealized Gains	1
Unrealized Losses	0
Fair Market Value	$ 27

Stockholders' Equity (Narrative) (Details) $ / shares in Units, $ in Thousands				3 Months Ended					12 Months Ended
	Mar. 01, 2020 $ / shares	Feb. 19, 2020 USD ($) shares	Mar. 01, 2019 $ / shares	Jun. 30, 2021	Mar. 31, 2021 USD ($) director $ / shares shares	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield					1.15%
Number Of Directors \| director					6
Directors compensation expense					$ 231			$ 201
Dividends declared per common share (in dollars per Share) \| $ / shares	$ 0.100		$ 0.075		$ 0.1000			$ 0.075
Stock Repurchase Program, Remaining Authorized Repurchase Amount					$ 25,600
Stock Issued During Period, Shares, Employee Stock Purchase Plans \| shares					18,182			26,294
Employee Stock Purchase Plan Weighted Average Purchase Price Of Shares Purchased (in USD per share) \| $ / shares					$ 26.32			$ 13.73
Expected holding period (years)					5 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares					9,300			10,200
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Aggregate Grant Date Market Value					$ 324			$ 255
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares					$ 34.79			$ 25.00
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					3 years
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield					0.01%
Share-based compensation expense					$ 206			$ 163
Expected volatility					48.14%
Risk-free interest rate					0.10%	0.09%	0.09%
Expected holding period (years)					9 months	6 months	3 months
ESPP \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate				0.10%
Expected holding period (years)				1 year
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense					$ 121			184
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage					33.00%
Share-based compensation expense					$ 560			$ 215
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					5 years
Stock Options \| Monte-Carlo Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross \| shares					150,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value					$ 1,700
Share price at grant date \| $ / shares					$ 34.79
Stock Options \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					10 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares		237,500			27,948				368,921
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Granted In Period, Fair Value		$ 2,800
Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross \| shares					5,040			8,821
Share Based Compensation Arrangement By Share Based Payment Award, Options, Aggregate Grant Date Fair Value					$ 177			$ 147
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value \| $ / shares					$ 35.19			$ 16.15
Officers And Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Directors compensation expense					$ 237			$ 121

Recently Issued Accounting Standards	3 Months Ended
Recently Issued Accounting Standards	Mar. 31, 2021
Accounting Changes and Error Corrections [Abstract]
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDSAccounting Pronouncements Not Yet Adopted

Trust Investments (Estimated maturities of the fixed income securities) (Details) - Perpetual Care Trust Invesments [Member] $ in Thousands	Mar. 31, 2021 USD ($)
Gain (Loss) on Securities [Line Items]
Due in one year or less	$ 0
Due in one to five years	10,149
Due in five to ten years	7,216
Thereafter	20,317
Total	$ 37,682

SEGMENT REPORTING Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 96,637	$ 77,490

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Stockholders' Equity

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS’ EQUITY

Restricted Stock

During the three months ended March 31, 2021, we issued restricted stock to certain employees totaling 9,300 shares that vest over a three-year period and had an aggregate grant date market value of $324,000 at a weighted average stock price of $34.79. During the three months ended March 31, 2020, we issued restricted stock to certain employees totaling 10,200 shares that vest over a three-year period and had an aggregate grant date market value of $255,000 at a weighted average stock price of $25.00.

We recorded stock-based compensation expense, which is included in General, administrative and other expenses, for restricted stock awards of $184,000 and $121,000, for the three months ended March 31, 2020 and 2021, respectively.

Stock Options

During the three months ended March 31, 2021, we granted 701,400 options to certain key employee at a weighted average price of $34.79. These options will vest in one-fifth increments over a five-year period and have a ten-year term. The fair value of these options was $7.1 million. During the three months ended March 31, 2020, we did not issue any stock options.

The fair value of the options granted were estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:


Grant date	February 17, 2021
Dividend yield	1.15	%
Expected volatility	36.72	%
Risk-free interest rate	0.57	%
Expected holding period (years)	5.0
Black-Scholes value	$10.14

During the three months ended March 31, 2021, employees exercised 101,000 stock options at a weighted average exercise price of $24.18 with an aggregate intrinsic value of $1.3 million. We received $147,000 in cash for payment of the option price and we withheld $295,000 for payment of payroll taxes. In addition, we accelerated 12,980 options in connection with the resignation of an employee which resulted in an additional $129,000 of stock-based compensation expense.

During the three months ended March 31, 2021, we also granted an additional 150,000 options to a certain key employee at a weighted average price of $34.79. These options will vest when the price of our common stock closes at or above the specified prices below for three consecutive days within the ten-year term and the employee has remained continuously employed by us through such date. The fair value of these options was $1.7 million.

The fair value of the options granted were estimated on the date of grant using the Monte-Carlo simulation pricing model using the following assumptions:


Grant date	February 17, 2021		February 17, 2021
Awards granted	50,000		100,000
Fair value (in millions)	$0.5		$1.2

Vesting share price	$53.39		$77.34
Dividend yield	1.15	%	1.15	%
Expected volatility	34.08	%	34.08	%
Risk-free interest rate	1.29	%	1.29	%

We recorded stock-based compensation expense, which is included in General, administrative and other expenses, for stock options, including the accelerated stock options discussed above of $215,000 and $560,000, for the three months ended March 31, 2020 and 2021, respectively.

Performance Awards

During the three months ended March 31, 2021, we did not issue any performance awards and we cancelled 27,948 performance awards in connection with the resignation of two employees.

During the three months ended March 31, 2020, we issued 237,500 performance awards to certain employees, payable in shares, with a fair value of $2.8 million. On May 19, 2020, we cancelled all performance award agreements previously awarded to all individuals during 2019 and the February 19, 2020 award. Concurrently with the cancellation, the Compensation Committee of the Board of Directors (the “Board”) approved 368,921 new performance awards to be issued to certain employees. These new performance awards were treated as a modification of the cancelled awards and resulted in an additional $1.7 million of incremental compensation costs.

We recorded stock-based compensation expense, which is included in General, administrative and other expenses, for performance awards of $121,000 and $237,000 for the three months ended March 31, 2020 and 2021, respectively.

Employee Stock Purchase Plan

During the three months ended March 31, 2021, employees purchased a total of 18,182 shares at a weighted average price of $26.32 per share. During the three months ended March 31, 2020, employees purchased a total of 26,294 shares at a weighted average price of $13.73 per share.

The fair value of the right (option) to purchase shares under the ESPP is estimated at the date of purchase with the four quarterly purchase dates using the following assumptions:


			2021
Dividend yield			0.01%
Expected volatility			48.14%
Risk-free interest rate			0.09%, 0.09%, 0.10%, 0.10%
Expected life (years)			0.25, 0.50, 0.75, 1.00

We recorded stock-based compensation expense, which is included in General, administrative and other expenses and Regional and unallocated funeral and cemetery costs, for the ESPP totaling $163,000 and $206,000 for the three months ended March 31, 2020 and 2021, respectively.

Non-Employee Director Compensation

During the three months ended March 31, 2021, we granted 5,040 shares of our common stock to six Directors, which were valued at $177,000 at a weighted average stock price of $35.19. During the three months ended March 31, 2020, we granted 8,821 shares of our common stock to five Directors, which were valued at $147,000 at a weighted average stock price of $16.15.

We recorded stock-based compensation expense, which is included in General, administrative and other expenses, related to annual retainers, including the value of stock granted to Directors above, of $201,000 and $231,000 for the three months ended March 31, 2020 and 2021, respectively.

Share Repurchase

On July 31, 2019, our Board approved an additional $25.0 million under our share repurchase program in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. During the three months ended March 31, 2021, we did not repurchase any shares of our common stock. At March 31, 2021, we had approximately $25.6 million available for repurchases under our share repurchase program.

Cash Dividends

Our Board declared the following dividends payable on the dates below (in thousands, except per share amounts):


2021	Per Share		Dollar Value
March 1st	$	0.100	$	1,799



2020	Per Share		Dollar Value
March 1st	$	0.075	$	1,339

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 12, 2021	Dec. 31, 2020	Sep. 09, 2020	Mar. 19, 2014
Convertible Subordinated Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stated interest rate percentage					2.75%
Carrying value of the liability component	$ 0	$ 200	$ 2,538	$ 0
Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt measured at fair value	417,600
Line of Credit [Member] \| Revolving Credit Facility [Member] \| Revolving Credit Facility, Secured, Floating Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of the liability component	28,300
Notes Payable, Other Payables [Member] \| Acquisition Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of the liability component	$ 5,400

Trust Investments (Cost and fair market value associated with preneed funeral trust investments) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Preneed Cemetery Trust Investments [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 83,953	$ 82,573
Unrealized Gains	14,424	13,856
Unrealized Losses	(4,716)	(8,341)
Fair Market Value	93,661	88,088
Preneed cemetery trust investments	$ 94,882	$ 89,081
Preneed cemetery trust investments, fair market value as a percentage of cost (in Percent)	111.60%	106.70%
Preneed Cemetery Trust Investments [Member] \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Cost		$ 272
Unrealized Gains		0
Unrealized Losses		(159)
Fair Market Value		113
Preneed Cemetery Trust Investments [Member] \| Accrued Investment Income [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 1,221	993
Fair Market Value	1,221	993
Preneed Funeral Trust Investments [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	97,681	97,700
Unrealized Gains	13,504	13,125
Unrealized Losses	(4,185)	(7,570)
Fair Market Value	107,000	103,255
Preneed cemetery trust investments	$ 108,131	$ 104,166
Preneed cemetery trust investments, fair market value as a percentage of cost (in Percent)	109.50%	105.70%
Preneed Funeral Trust Investments [Member] \| Accrued Investment Income [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 1,131	$ 911
Fair Market Value	1,131	911
Fair Value, Inputs, Level 1 [Member] \| Preneed Cemetery Trust Investments [Member] \| Cash and Money Market Accounts [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,464	1,859
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	1,464	1,859
Fair Value, Inputs, Level 1 [Member] \| Preneed Cemetery Trust Investments [Member] \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	31,925	30,253
Unrealized Gains	7,912	7,642
Unrealized Losses	(3,508)	(6,601)
Fair Market Value	36,329	31,294
Fair Value, Inputs, Level 1 [Member] \| Preneed Funeral Trust Investments [Member] \| Cash and Money Market Accounts [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	18,119	18,478
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	18,119	18,478
Fair Value, Inputs, Level 1 [Member] \| Preneed Funeral Trust Investments [Member] \| U.S. Treasury Debt [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	816	819
Unrealized Gains	5	6
Unrealized Losses	0	0
Fair Market Value	821	825
Fair Value, Inputs, Level 1 [Member] \| Preneed Funeral Trust Investments [Member] \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	29,618	28,327
Unrealized Gains	7,546	7,364
Unrealized Losses	(3,120)	(6,052)
Fair Market Value	34,044	29,639
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Debt Security, Government, Non-US [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	15,996	15,953
Unrealized Gains	2,244	2,083
Unrealized Losses	(620)	(702)
Fair Market Value	17,620	17,334
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Corporate Debt [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	14,509	14,856
Unrealized Gains	1,849	1,820
Unrealized Losses	(91)	(358)
Fair Market Value	16,267	16,318
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Preferred Stock [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	11,922	11,886
Unrealized Gains	689	980
Unrealized Losses	(360)	(336)
Fair Market Value	12,251	12,530
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	0
Unrealized Gains	0
Unrealized Losses	0
Fair Market Value	0
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	27
Unrealized Gains	1
Unrealized Losses	0
Fair Market Value	28
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Fixed Income [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	8,110	7,494
Unrealized Gains	1,729	1,331
Unrealized Losses	(137)	(185)
Fair Market Value	9,702	8,640
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Debt Security, Government, Non-US [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	14,959	15,144
Unrealized Gains	2,142	2,018
Unrealized Losses	(551)	(634)
Fair Market Value	16,550	16,528
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Corporate Debt [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,826	13,292
Unrealized Gains	1,639	1,638
Unrealized Losses	(87)	(310)
Fair Market Value	14,378	14,620
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Preferred Stock [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,816	10,944
Unrealized Gains	637	900
Unrealized Losses	(340)	(298)
Fair Market Value	11,113	11,546
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Cost		293
Unrealized Gains		1
Unrealized Losses		(155)
Fair Market Value		139
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	26
Unrealized Gains	1
Unrealized Losses	0
Fair Market Value	27
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Fixed Income Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	6,600	6,475
Unrealized Gains	1,534	1,198
Unrealized Losses	(87)	(121)
Fair Market Value	8,047	7,552
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Other Investments [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,901	3,928
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	$ 3,901	$ 3,928

- Carrying Values of Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 20,747	$ 21,201
Finance lease right-of-use assets	6,770	6,770
Accumulated depreciation	(2,113)	(2,005)
Finance lease right-of-use assets, net	4,657	4,765
Current portion of operating lease obligations	2,057	2,082
Current portion of finance lease obligations	331	323
Total current lease liabilities	2,388	2,405
Obligations under operating leases, net of current portion	19,876	20,302
Finance lease non-current liabilities	5,445	5,531
Total non-current lease liabilities	25,321	25,833
Total lease liabilities	$ 27,709	$ 28,238

Convertible Subordinated Notes Convertible Subordinated Notes (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 12, 2021	Dec. 31, 2020	Sep. 09, 2020	Mar. 19, 2014
Debt Instrument [Line Items]
Common Stock, Par or Stated Value Per Share	$ 0.01			$ 0.01
Credit Facility amortization of debt issuance costs	$ 193,000	$ 200,000
Interest Expense	7,584,000	8,428,000
Conversions and maturity of the convertible subordinated notes due 2021	3,980,000	0
Payments for Repurchase of Redeemable Convertible Preferred Stock, Cash Payment	3,800,000
Convertible Preferred Stock, Nonredeemable or Redeemable, Issuer Option, Value					$ 2,400,000
Additional Paid-in Capital
Debt Instrument [Line Items]
Adjustments to Additional Paid in Capital, Other	1,400,000
Convertible Subordinated Notes [Member]
Debt Instrument [Line Items]
Convertible subordinated notes, principal amount				$ 2,559,000
Stated interest rate percentage						2.75%
Acquisition debt imputed interest expense	18,000	43,000
Credit Facility amortization of debt issuance costs	1,000	$ 6,000
Debt Instrument, Discount Rate		11.40%
Accretion of discount, convertible subordinated notes	20,000	$ 65,000
Carrying value of the liability component	$ 0		$ 200,000	$ 2,538,000	$ 0
Debt Instrument, Unamortized Debt Issuance Costs	3.10%	3.20%

DIVESTED OPERATIONS Divested business (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	$ 282	$ 0
Operating income	60	0
Net loss on divestitures	308	0
Income tax expense	(114)	0
Net income from divested operations, after tax	$ 254	$ 0

- Definition

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(12))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3B
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721525-107759

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222160&loc=d3e957-107759

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721523-107759

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109222160&loc=d3e1012-107759

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109227538&loc=d3e44648-109337

+ Details

Trust Investments (Narrative) (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Preneed Cemetery Trust Investments [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 46,138
Preneed Funeral Trust Investments [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 42,862

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Dividends Declared

ur Board declared the following dividends payable on the dates below (in thousands, except per share amounts):


2021	Per Share		Dollar Value
March 1st	$	0.100	$	1,799



2020	Per Share		Dollar Value
March 1st	$	0.075	$	1,339

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS New Notes Purchase Agreement

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of the basic and diluted earnings per share (in thousands, except per share data):


	Three months ended March 31,
	2020		2021
Numerator for basic and diluted earnings per share:
Net income (loss)	$	(4,197)	$	12,933
Less: Loss (earnings) allocated to unvested restricted stock	13		(27)
Income (loss) attributable to common stockholders	$	(4,184)	$	12,906

Denominator:
Denominator for basic earnings per common share - weighted average shares outstanding	17,805		17,965
Effect of dilutive securities:
Stock options	—		234

Denominator for diluted earnings per common share - weighted average shares outstanding	17,805		18,199

Basic earnings (loss) per common share:	$	(0.23)	$	0.72
Diluted earnings (loss) per common share:	$	(0.23)	$	0.71

Receivables from Preneed Trusts (Tables)

3 Months Ended

Mar. 31, 2021

Receivables From Preneed Trusts [Abstract]

Receivables from Preneed Trusts


	December 31, 2020		March 31, 2021
Preneed trust funds, at cost	$	17,365	$	17,502
Less: allowance for contract cancellation	(521)		(526)
Receivables from preneed trusts, net	$	16,844	$	16,976

Composition of Assets Held in Trust

The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations under preneed arrangements related to the preceding contracts at December 31, 2020 and March 31, 2021. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes unrealized gains and losses on trust assets.

The composition of the preneed trust funds at March 31, 2021 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,697	$	4,697
Fixed income investments	10,473		10,473
Mutual funds and common stocks	2,327		2,406
Annuities	5		5
Total	$	17,502	$	17,581

The composition of the preneed trust funds at December 31, 2020 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,604	$	4,604
Fixed income investments	10,355		10,355
Mutual funds and common stocks	2,402		2,569
Annuities	4		4
Total	$	17,365	$	17,532

Acquisitions (Purchase Price Allocation) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 391,972	$ 392,978	$ 398,292

Goodwill (Details) $ in Thousands	3 Months Ended	9 Months Ended
Goodwill (Details) $ in Thousands	Mar. 31, 2021 USD ($) divestiture	Sep. 30, 2019 USD ($)
Goodwill [Roll Forward]
Goodwill at the beginning of year	$ 392,978	$ 398,292
Increase in goodwill related to acquisitions	0	14,054
Decrease in goodwill related to divestitures	(1,006)	(5,736)
Decrease in goodwill related to impairments	0	$ (13,632)
Goodwill at the end of the period	$ 391,972
Number of Businesses Sold \| divestiture	2
Number of Businesses Sold (Goodwill Allocation) \| divestiture	1

Senior Notes (Notes)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

SENIOR NOTES

The carrying value of our 6.625% senior notes due 2026 (the “Senior Notes”) is reflected on our Consolidated Balance Sheet as follows (in thousands):


	December 31, 2020		March 31, 2021
Long-term liabilities:
Principal amount	$	400,000	$	400,000
Debt premium, net of accumulated amortization of $221 and $279, respectively	1,467		1,409
Debt discount, net of accumulated amortization of $1,293 and $1,431, respectively	(3,582)		(3,444)
Debt issuance costs, net of accumulated amortization of $496 and $570, respectively	(1,917)		(1,843)
Carrying value of the Senior Notes	$	395,968	$	396,122

At March 31, 2021, the fair value of the Senior Notes, which are Level 2 measurements, was $417.6 million.

The Senior Notes were issued under an indenture, dated as of May 31, 2018 (the “Indenture”), among us, certain of our existing subsidiaries (collectively, the “Subsidiary Guarantors”), as guarantors, and Wilmington Trust, National Association., as trustee. The Senior Notes are unsecured, senior obligations and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by each of the Subsidiary Guarantors. The Senior Notes are due on June 1, 2026 unless earlier redeemed or repurchased and bear interest at 6.625% per year, which is payable semi-annually in arrears on June 1 and December 1 of each year.

We may redeem all or part of the Senior Notes at any time prior to June 1, 2021 at a redemption price equal to 100% of the principal amount of Senior Notes redeemed, plus a “make whole” premium, and accrued and unpaid interest, if any, to the date of redemption. We have the right to redeem the Senior Notes at any time on or after June 1, 2021 at the redemption prices described in the Indenture, plus accrued and unpaid interest, if any, to the date of redemption. Additionally, at any time before June 1, 2021, we may redeem up to 40% of the aggregate principal amount of the Senior Notes issued with an amount equal to the net proceeds of certain equity offerings, at a price equal to 106.625% of the principal amount of the Senior Notes, plus accrued and unpaid interest, if any, to the date of redemption; provided that (1) at least 60% of the aggregate principal amount of the Senior Notes (including any additional Senior Notes) originally issued under the Indenture remain outstanding immediately after the occurrence of such redemption (excluding Senior Notes held by us); and (2) each such redemption must occur within 180 days of the date of the closing of each such equity offering.

If a “change of control” occurs, holders of the Senior Notes will have the option to require us to purchase for cash all or a portion of their Senior Notes at a price equal to 101% of the principal amount of the Senior Notes, plus accrued and unpaid interest. In addition, if we make certain asset sales and do not reinvest the proceeds thereof or use such proceeds to repay certain debt, we will be required to use the proceeds of such asset sales to make an offer to purchase the Senior Notes at a price equal to 100% of the principal amount of the Senior Notes, plus accrued and unpaid interest.

The Indenture contains restrictive covenants limiting our ability and our Restricted Subsidiaries (as defined in the Indenture) to, among other things, incur additional indebtedness or issue certain preferred shares, create liens on certain assets to secure debt, pay dividends or make other equity distributions, purchase or redeem capital stock, make certain investments, sell assets, agree to certain restrictions on the ability of Restricted Subsidiaries to make payments to us, consolidate, merge, sell or otherwise dispose of all or substantially all assets, or engage in transactions with affiliates. The Indenture also contains customary events of default.

The interest expense and amortization of debt discount, debt premium and debt issuance costs related to our Senior Notes are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Senior Notes interest expense	$	6,625	$	6,625
Senior Notes amortization of debt discount	129		138
Senior Notes amortization of debt premium	54		58
Senior Notes amortization of debt issuance costs	67		74

The debt discount, the debt premium and the debt issuance costs are being amortized using the effective interest method over the remaining term of approximately 62 months of the Senior Notes. The effective interest rate on the unamortized debt discount and the unamortized debt issuance costs for the Senior Notes, issued in May 2018, for both three months ended March 31, 2020 and 2021 was 6.87% and 6.69%, respectively. The effective interest rate on the unamortized debt premium and the unamortized debt issuance costs for the Senior Notes, issued in December 2019, for both three months ended March 31, 2020 and 2021 was 6.20% and 6.88%, respectively.

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 96,637	$ 77,490
Field costs and expenses:
Cemetery property amortization	1,517	877
Field depreciation expense	3,136	3,290
Regional and unallocated funeral and cemetery costs	6,073	2,756
Other expenses	1,363	1,276
Total field costs and expenses	61,576	54,319
Gross profit	35,061	23,171
Corporate costs and expenses:
General, administrative and other	8,834	5,946
Home office depreciation and amortization	289	382
Net loss (gain) on divestitures and impairments charges	(308)	14,693
Operating income	26,246	2,150
Interest expense	(7,584)	(8,428)
Accretion of discount on convertible subordinated notes	(20)	(65)
Other, net	(68)	(4)
Income (loss) before income taxes	18,574	(6,347)
Benefit (expense) for income taxes	(5,758)	2,136
Tax adjustment related to discrete items	(117)	(14)
Total benefit (expense) for income taxes	(5,641)	2,150
Net income (loss)	$ 12,933	$ (4,197)
Earnings Per Share, Basic and Diluted [Abstract]
Continuing operations (in dollars per Share)	$ 0.72	$ (0.23)
Continuing operations (in dollars per Share)	0.71	(0.23)
Dividends declared per common share (in dollars per Share)	$ 0.1000	$ 0.075
Weighted average number of common and common equivalent shares outstanding:
Basic (in Shares)	17,965	17,805
Diluted (in Shares)	18,199	17,805
Funeral
Segment Reporting Information [Line Items]
Revenues	$ 71,774	$ 61,742
Field costs and expenses:
Cost of operating	20,967	21,057
Corporate costs and expenses:
Operating income	25,876	4,311
Income (loss) before income taxes	25,718	4,119
Cemetery
Segment Reporting Information [Line Items]
Revenues	24,863	15,748
Field costs and expenses:
Cost of operating	28,520	25,063
Corporate costs and expenses:
Operating income	9,493	4,167
Income (loss) before income taxes	9,476	4,105
Service Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	47,757	40,732
Property and Merchandise [Member]
Segment Reporting Information [Line Items]
Revenues	41,896	31,271
Other Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	6,984	5,487
Other Revenue [Member] \| Funeral
Segment Reporting Information [Line Items]
Revenues	3,791	3,483
Other Revenue [Member] \| Cemetery
Segment Reporting Information [Line Items]
Revenues	$ 3,193	$ 2,004

Basis of Presentation and Summary of Significant Accounting Policies (Operations) (Details) $ in Thousands		3 Months Ended		9 Months Ended
	Jan. 03, 2020 USD ($) funeral_home_and_cemetery	Mar. 31, 2021 USD ($) funeral_homes states cemeteries segment divestiture	Mar. 31, 2020 USD ($)	Sep. 30, 2021	Sep. 30, 2020 USD ($)	Sep. 30, 2019 USD ($)	Dec. 31, 2020 USD ($)
Organization Description and Operations [Line Items]
Depreciation expense		$ 3,400	$ 3,600
Number of business segments \| segment		2
Amortization Of Cemetery Property		$ 1,500	900
Trade and financed receivables		$ 22,278					$ 23,678
The percentage of trust assets in custody of institution receiving trust management services		80.00%
Accounts receivable, net of allowance for bad debts		$ 25,585					25,103
Preneed receivables		21,533					21,081
Bad debt expense		588	690
Income Tax Expense (Benefit), Net Of Uncertain Tax Positions		$ (5,641)	$ 2,150
Income taxes before discrete items		31.00%	33.60%
Goodwill, Impairment Loss		$ 0				$ 13,632
Unearned finance charges associated with receivables		4,508					4,348
Amortization of capitalized commissions and non-compete agreements		152	$ 141
Accumulated Amortization, Property, Plant, and Equipment		$ (48,100)					(46,600)
Option to renew lease		26 years
Property, plant and equipment, gross							$ 101,100
Proceeds from divestitures and sale of other assets		$ 2,800	78
Property, Plant and Equipment, Disposals		1,500
Property, Plant and Equipment, Additions		(4,300)	(2,700)
Total benefit for income taxes		$ 5,641	$ (2,150)
Number of Businesses Sold \| divestiture		2
Funeral And Cemetery [Member]
Organization Description and Operations [Line Items]
Threshold period past due in which statements are sent		30 days
Threshold period past due in which past due notification letters are sent		45 days
Cemetery
Organization Description and Operations [Line Items]
Threshold period past due in which past due notification letters are sent		15 days
Funeral homes [Member]
Organization Description and Operations [Line Items]
Number of owned and operated funeral homes (in Funeral Homes) \| funeral_homes		173
Number of states in which Company operates \| states		26
Revenue, Percentage		75.00%
Cemeteries [Member]
Organization Description and Operations [Line Items]
Number of states in which Company operates \| states		12
Number of owned and operated cemeteries (in Cemetaries) \| cemeteries		32
Revenue, Percentage		25.00%
Lafayette, California [Member]
Organization Description and Operations [Line Items]
Number of Businesses Acquired \| funeral_home_and_cemetery	1
Purchase price	$ 33,000
Payments to acquire businesses		$ 28,000			$ 5,000
Minimum [Member]
Organization Description and Operations [Line Items]
Service Contract, Term		8 years
Lessee, Operating Lease, Term of Contract		1 year
Lessee, Finance Lease, Term of Contract		10 years
Maximum [Member]
Organization Description and Operations [Line Items]
Service Contract, Term		10 years		10 years
Lessee, Operating Lease, Term of Contract		19 years
Lessee, Finance Lease, Term of Contract		40 years

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 406	$ 889
Accounts receivable, net	25,585	25,103
Inventories	7,386	7,259
Prepaid and other current assets	2,076	2,076
Total current assets	35,453	35,327
Preneed cemetery trust investments	92,363	86,604
Preneed funeral trust investments	105,201	101,235
Preneed cemetery receivables, net	21,533	21,081
Receivables from preneed trusts, net	16,976	16,844
Property, plant and equipment, net	267,055	269,051
Cemetery property, net	101,109	101,134
Goodwill	391,972	392,978
Intangible and other non-current assets, net	29,502	29,542
Operating lease right-of-use assets	20,747	21,201
Cemetery perpetual care trust investments	75,815	70,828
Total assets	1,157,726	1,145,825
Current liabilities:
Current portion of debt and lease obligations	3,301	3,432
Accounts payable	9,543	11,259
Accrued and other liabilities	39,599	31,138
Convertible subordinated notes due 2021	0	2,538
Total current liabilities	52,443	48,367
Acquisition debt, net of current portion	4,442	4,482
Credit facility	27,282	46,064
Acquisition debt, net of current portion	396,122	395,968
Obligations under finance leases, net of current portion	5,445	5,531
Obligations under operating leases, net of current portion	19,876	20,302
Deferred preneed cemetery revenue	48,840	47,846
Deferred preneed funeral revenue	28,181	27,992
Deferred tax liability	47,991	46,477
Other long-term liabilities	2,677	4,748
Deferred preneed cemetery receipts held in trust	92,363	86,604
Deferred preneed funeral receipts held in trust	105,201	101,235
Care trusts’ corpus	75,360	69,707
Total liabilities	906,223	905,323
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,020,494 and 26,073,693 shares issued, respectively and 17,995,155 and 18,048,354 shares outstanding, respectively	261	260
Additional paid-in capital	238,056	239,989
Retained earnings	115,236	102,303
Treasury stock, at cost; 8,025,339 at both December 31, 2020 and March 31, 2021	(102,050)	(102,050)
Total stockholders’ equity	251,503	240,502
Total liabilities and stockholders’ equity	$ 1,157,726	$ 1,145,825
Common Stock, Shares, Outstanding	17,995,155	18,048,354

Stockholders' Equity (Weighted Average Assumptions) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.15%
Expected holding period (years)	5 years
Black-Scholes value	$ 10.14
Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.29%
Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.29%
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.01%
Expected volatility	48.14%
Risk-free interest rate	0.10%	0.09%	0.09%
Expected holding period (years)	9 months	6 months	3 months
Stock Options \| Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	36.72%
Risk-free interest rate	0.57%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	701,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value	$ 7.1
Stock Options \| Monte-Carlo Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	150,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value	$ 1.7
Stock Options \| Share-based Payment Arrangement, Tranche One \| Monte-Carlo Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.15%
Expected volatility	34.08%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	50,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value	$ 0.5
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	53.39
Stock Options \| Share-based Payment Arrangement, Tranche Two \| Monte-Carlo Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.15%
Expected volatility	34.08%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	100,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value	$ 1.2
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights	77.34

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2021	Apr. 30, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	1-11961
Entity Registrant Name	CARRIAGE SERVICES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	76-0423828
Entity Address, Address Line One	3040 Post Oak Boulevard
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	332-8400
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	CSV
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,048,354
Entity Central Index Key	0001016281
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false

Revenue From Contracts With Customers Deferred Revenue (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables from Preneed Funeral Trusts	$ (16,976)	$ (16,844)

Trust Investments

3 Months Ended

Mar. 31, 2021

Preneed Trust Investments [Abstract]

Trust Investments

TRUST INVESTMENTS

Preneed trust investments represent trust fund assets that we are generally permitted to withdraw as the services and merchandise are provided to customers. Preneed funeral and cemetery contracts are secured by payments from customers, less amounts not required by law to be deposited into trust. These earnings are recognized in Other revenue on our Consolidated Statements of Operations, when a service is performed or merchandise is delivered. Trust management fees charged by CSV RIA are included as revenue in the period in which they are earned. Our investments are diversified across multiple industry segments using a balanced allocation strategy to minimize long-term risk. We do not intend to sell and it is likely that we will not be required to sell the securities prior to their anticipated recovery.

Cemetery perpetual care trust investments represent a portion of the proceeds from the sale of cemetery property interment rights which we are required by various state laws to deposit into perpetual care trust funds. The income earned from these perpetual care trusts offsets maintenance expenses for cemetery property and memorials. This trust fund income is recognized in Other revenue.

Where quoted prices are available in an active market, investments held by the trusts are classified as Level 1 investments pursuant to the three-level valuation hierarchy. Our Level 1 investments include cash, U.S. treasury debt, common stock and equity mutual funds. Where quoted market prices are not available for the specific security, then fair values are estimated by using quoted prices of similar securities in active markets or inputs other than quoted prices that can corroborate observable market data. These investments are fixed income securities, including foreign debt, corporate debt, preferred stocks, mortgage-backed securities and fixed income mutual funds and other investments, all of which are classified within Level 2 of the valuation hierarchy. We review and update our fair value hierarchy classifications quarterly. See Note 8 to the Consolidated Financial Statements included herein for further information of the fair value measurement.

Changes in the fair value of our trust fund assets (Preneed funeral, cemetery and perpetual care trust investments) are offset by changes in the fair value of our trust fund liabilities (Deferred preneed funeral and cemetery receipts held in trust and Care trusts’ corpus) and reflected in Other, net. There is no impact on earnings until such time the services are performed or the merchandise is delivered, causing the contract to be withdrawn from the trust in accordance with state regulations and the gain or loss is allocated to the contract.

For fixed income securities in an unrealized loss position, we first assess whether we intend to sell or it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For fixed income securities that do not meet the aforementioned criteria, we evaluate whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, we consider the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If our assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis.

We rely on our trust investments to provide funding for the various contractual obligations that arise upon maturity of the underlying preneed contracts. Because of the long-term relationship between the establishment of trust investments and the required performance of the underlying contractual obligations, the impact of current market conditions that may exist at any given time is not necessarily indicative of our ability to generate profit on our future performance obligations.

Preneed Cemetery Trust Investments

The components of Preneed cemetery trust investments on our Consolidated Balance Sheet are as follows (in thousands):


	December 31, 2020		March 31, 2021
Preneed cemetery trust investments, at market value	$	89,081	$	94,882
Less: allowance for contract cancellation	(2,477)		(2,519)
Preneed cemetery trust investments	$	86,604	$	92,363

The cost and market values associated with preneed cemetery trust investments at March 31, 2021 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	1,464	$	—	$	—	$	1,464
Fixed income securities:

Foreign debt	2	15,996		2,244		(620)		17,620
Corporate debt	2	14,509		1,849		(91)		16,267
Preferred stock	2	11,922		689		(360)		12,251
Mortgage-backed securities	2	—		—		—		—
Common stock	1	31,925		7,912		(3,508)		36,329
Mutual funds:
Equity	1	27		1		—		28
Fixed Income	2	8,110		1,729		(137)		9,702
Trust securities		$	83,953	$	14,424	$	(4,716)	$	93,661
Accrued investment income		$	1,221					$	1,221
Preneed cemetery trust investments								$	94,882
Market value as a percentage of cost								111.6		%

The estimated maturities of the fixed income securities (excluding mutual funds) included above are as follows (in thousands):


Due in one year or less	$	—
Due in one to five years	13,602
Due in five to ten years	8,505
Thereafter	24,031
Total fixed income securities	$	46,138

The cost and market values associated with preneed cemetery trust investments at December 31, 2020 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	1,859	$	—	$	—	$	1,859
Fixed income securities:
Foreign debt	2	15,953		2,083		(702)		17,334
Corporate debt	2	14,856		1,820		(358)		16,318
Preferred stock	2	11,886		980		(336)		12,530
Mortgage-backed securities	2	272		—		(159)		113
Common stock	1	30,253		7,642		(6,601)		31,294
Mutual funds:
Fixed income	2	7,494		1,331		(185)		8,640
Trust Securities		$	82,573	$	13,856	$	(8,341)	$	88,088
Accrued investment income		$	993					$	993
Preneed cemetery trust investments								$	89,081
Market value as a percentage of cost								106.7		%


	March 31, 2021
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	2,590	$	(114)	$	509	$	(506)	$	3,099	$	(620)
Corporate debt	735		(9)		682		(82)		1,417		(91)
Preferred stock	3,912		(324)		837		(36)		4,749		(360)

Total fixed income securities with an unrealized loss	$	7,237	$	(447)	$	2,028	$	(624)	$	9,265	$	(1,071)


	December 31, 2020
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	2,517	$	(57)	$	371	$	(645)	$	2,888	$	(702)
Corporate debt	784		(99)		542		(259)		1,326		(358)
Preferred stock	709		(118)		4,049		(218)		4,758		(336)
Mortgage-backed securities	—		—		112		(159)		112		(159)
Total fixed income securities with an unrealized loss	$	4,010	$	(274)	$	5,074	$	(1,281)	$	9,084	$	(1,555)

Preneed cemetery trust investment security transactions recorded in Other, net on our Consolidated Statements of Operations are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Investment income	$	319	$	467
Realized gains	1,916		4,092
Realized losses	(1,372)		(2,518)
Unrealized gains (losses), net	(16,305)		9,708
Expenses and taxes	(187)		(327)
Net change in deferred preneed cemetery receipts held in trust	15,629		(11,422)
	$	—	$	—

Purchases and sales of investments in the preneed cemetery trusts are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Purchases	$	(18,857)	$	(8,411)
Sales	13,231		8,049

Preneed Funeral Trust Investments

Preneed funeral trust investments represent trust fund assets that we are permitted to withdraw as services and merchandise are provided to customers. Preneed funeral contracts are secured by payments from customers, less retained amounts not required to be deposited into trust.

The components of Preneed funeral trust investments on our Consolidated Balance Sheet are as follows (in thousands):


	December 31, 2020		March 31, 2021
Preneed funeral trust investments, at market value	$	104,166	$	108,131
Less: allowance for contract cancellation	(2,931)		(2,930)
Preneed funeral trust investments	$	101,235	$	105,201

The cost and market values associated with preneed funeral trust investments at March 31, 2021 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	18,119	$	—	$	—	$	18,119
Fixed income securities:
U.S treasury debt	1	816		5		—		821

Foreign debt	2	14,959		2,142		(551)		16,550
Corporate debt	2	12,826		1,639		(87)		14,378
Preferred stock	2	10,816		637		(340)		11,113

Common stock	1	29,618		7,546		(3,120)		34,044
Mutual funds:
Equity	1	26		1		—		27
Fixed income	2	6,600		1,534		(87)		8,047
Other investments	2	3,901		—		—		3,901
Trust securities		$	97,681	$	13,504	$	(4,185)	$	107,000
Accrued investment income		$	1,131					$	1,131
Preneed funeral trust investments								$	108,131
Market value as a percentage of cost								109.5		%

The estimated maturities of the fixed income securities (excluding mutual funds) included above are as follows (in thousands):


Due in one year or less	$	821
Due in one to five years	12,143
Due in five to ten years	7,855
Thereafter	22,043
Total fixed income securities	$	42,862

The cost and market values associated with preneed funeral trust investments at December 31, 2020 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	18,478	$	—	$	—	$	18,478
Fixed income securities:
U.S. treasury debt	1	819		6		—		825
Foreign debt	2	15,144		2,018		(634)		16,528
Corporate debt	2	13,292		1,638		(310)		14,620
Preferred stock	2	10,944		900		(298)		11,546
Mortgage-backed securities	2	293		1		(155)		139
Common stock	1	28,327		7,364		(6,052)		29,639
Mutual funds:

Fixed income	2	6,475		1,198		(121)		7,552
Other investments	2	3,928		—		—		3,928
Trust securities		$	97,700	$	13,125	$	(7,570)	$	103,255
Accrued investment income		$	911					$	911
Preneed funeral trust investments								$	104,166
Market value as a percentage of cost								105.7		%


	March 31, 2021
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	2,270	$	(100)	$	456	$	(451)	$	2,726	$	(551)
Corporate debt	705		(9)		654		(78)		1,359		(87)
Preferred stock	3,750		(311)		599		(29)		4,349		(340)

Total fixed income securities with an unrealized loss	$	6,725	$	(420)	$	1,709	$	(558)	$	8,434	$	(978)


	December 31, 2020
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	2,225	$	(55)	$	337	$	(579)	$	2,562	$	(634)
Corporate debt	763		(96)		528		(214)		1,291		(310)
Preferred stock	506		(87)		3,942		(211)		4,448		(298)
Mortgage-backed securities	—		—		111		(155)		111		(155)
Total fixed income securities with an unrealized loss	$	3,494	$	(238)	$	4,918	$	(1,159)	$	8,412	$	(1,397)

Preneed funeral trust investment security transactions recorded in Other, net on the Consolidated Statements of Operations are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Investment income	$	258	$	369
Realized gains	2,551		3,871
Realized losses	(1,129)		(2,368)
Unrealized gains (losses), net	(15,274)		9,319
Expenses and taxes	(97)		(196)
Net change in deferred preneed funeral receipts held in trust	13,691		(10,995)
	$	—	$	—

Purchases and sales of investments in the preneed funeral trusts are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Purchases	$	(18,538)	$	(7,628)
Sales	15,968		7,524

Cemetery Perpetual Care Trust Investments

Care trusts’ corpus on our Consolidated Balance Sheet represent the corpus of those trusts plus undistributed income. The components of Care trusts’ corpus are as follows (in thousands):


	December 31, 2020		March 31, 2021
Cemetery perpetual care trust investments, at market value	$	70,828	$	75,815
Obligations due from trust	(1,121)		(455)
Care trusts’ corpus	$	69,707	$	75,360

The following table reflects the cost and fair market values associated with the trust investments held in perpetual care trust funds at March 31, 2021 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	528	$	—	$	—	$	528
Fixed income securities:

Foreign debt	2	12,642		1,775		(508)		13,909
Corporate debt	2	11,525		1,540		(69)		12,996
Preferred stock	2	10,518		558		(299)		10,777

Common stock	1	25,151		6,436		(2,945)		28,642
Mutual funds:
Equity	1	20		1				21
Fixed Income	2	6,739		1,374		(164)		7,949
Trust securities		$	67,123	$	11,684	$	(3,985)	$	74,822
Accrued investment income		$	993					$	993
Cemetery perpetual care investments								$	75,815
Market value as a percentage of cost								111.5		%

The estimated maturities of the fixed income securities (excluding mutual funds) included above are as follows (in thousands):


Due in one year or less	$	—
Due in one to five years	10,149
Due in five to ten years	7,216
Thereafter	20,317
Total fixed income securities	$	37,682

The following table reflects the cost and fair market values associated with the trust investments held in perpetual care trust funds at December 31, 2020 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	686	$	—	$	—	$	686
Fixed income securities:
Foreign debt	2	12,539		1,641		(582)		13,598
Corporate debt	2	11,684		1,506		(240)		12,950
Preferred stock	2	10,444		819		(355)		10,908
Mortgage-backed securities	2	206		—		(121)		85
Common stock	1	23,662		6,108		(5,255)		24,515
Mutual funds:

Fixed income	2	6,444		1,054		(220)		7,278
Trust securities		$	65,665	$	11,128	$	(6,773)	$	70,020
Accrued investment income		$	808					$	808
Cemetery perpetual care investments								$	70,828
Market value as a percentage of cost								106.6		%


	March 31, 2021
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	1,800	$	(79)	$	430	$	(429)	$	2,230	$	(508)
Corporate debt	559		(7)		519		(62)		1,078		(69)
Preferred stock	2,973		(246)		1,318		(53)		4,291		(299)

Total fixed income securities with an unrealized loss	$	5,332	$	(332)	$	2,267	$	(544)	$	7,599	$	(876)


	December 31, 2020
	In Loss Position Less than 12 months				In Loss Position Greater than 12 months				Total
	Fair market value		Unrealized Losses		Fair market value		Unrealized Losses		Fair market value		Unrealized Losses
Fixed income securities:
Foreign debt	$	1,728	$	(43)	$	312	$	(539)	$	2,040	$	(582)
Corporate debt	592		(74)		410		(166)		1,002		(240)
Preferred stock	1,142		(191)		3,060		(164)		4,202		(355)
Mortgage-backed securities	—		—		85		(121)		85		(121)
Total fixed income securities with an unrealized loss	$	3,462	$	(308)	$	3,867	$	(990)	$	7,329	$	(1,298)

Perpetual care trust investment security transactions recorded in Other, net on our Consolidated Statements of Operations are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Realized gains	$	709	$	691
Realized losses	(679)		(420)
Unrealized gains (losses), net	(13,525)		7,699
Net change in Care trusts’ corpus	13,495		(7,970)
Total	$	—	$	—

Perpetual care trust investment security transactions recorded in Other revenue on our Consolidated Statements of Operations are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Investment income	$	1,405	$	2,513
Realized losses, net	(36)		(138)
Total	$	1,369	$	2,375

Purchases and sales of investments in the perpetual care trusts are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Purchases	$	(14,612)	$	(6,137)
Sales	12,694		5,956

Receivables Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Trade and financed receivables	$ 22,278	$ 23,678
Other receivables	4,590	2,712
Allowance for credit losses	(1,283)	(1,287)
Accounts receivable, net	25,585	25,103
Allowance For Bad Debt And Contract Cancellation		1,287
Funeral
Segment Reporting Information [Line Items]
Trade and financed receivables	9,827	11,448
Other receivables	426	367
Allowance for credit losses	(284)	(327)
Accounts receivable, net	9,969	11,488
Allowance For Bad Debt And Contract Cancellation		327
Cemetery
Segment Reporting Information [Line Items]
Trade and financed receivables	12,451	12,230
Other receivables	2,769	2,144
Allowance for credit losses	(999)	(960)
Accounts receivable, net	14,221	13,414
Allowance For Bad Debt And Contract Cancellation		960
Corporate [Member]
Segment Reporting Information [Line Items]
Trade and financed receivables	0	0
Other receivables	1,395	201
Allowance for credit losses	0	0
Accounts receivable, net	$ 1,395	201
Allowance For Bad Debt And Contract Cancellation		$ 0

DIVESTED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Operating Results And Gain On Discontinued Operations

The operating results of these divested funeral homes are reflected in our Consolidated Statements of Operations as shown in the table below (in thousands):


	Three months ended March 31,
	2020		2021
Revenue	$	—	$	282

Operating income	—		60
Gain on divestitures(1)	—		308
Income tax expense	—		(114)
Net income from divested operations, after tax	$	—	$	254

(1)

Gain on divestitures is recorded in Net loss (gain) on divestitures and impairment charges on our Consolidated Statements of Operations.

Trust Investments (Preneed funeral trust investment security transactions) (Details) - Preneed Funeral Trust Investments [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Unrealized Gain (Loss) on Investments	$ 9,319	$ (15,274)
Interest Income and Other, Net [Member]
Debt and Equity Securities, FV-NI [Line Items]
Investment income	369	258
Realized gain, net	3,871	2,551
Realized losses	(2,368)	(1,129)
Expenses and taxes	(196)	(97)
Decrease in deferred preneed funeral receipts held in trust	$ (10,995)	$ 13,691

Trust Investments (Perpetual care trust investment security transactions recorded in Other revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Gain (Loss) on Securities [Line Items]
Total	$ 96,637	$ 77,490
Other Revenue [Member]
Gain (Loss) on Securities [Line Items]
Total	6,984	5,487
Other Revenue [Member] \| Preneed Funeral Trust Investments [Member]
Gain (Loss) on Securities [Line Items]
Investment income	2,513	1,405
Realized losses, net	(138)	(36)
Total	$ 2,375	$ 1,369

- Definition

+ References

+ Details

Trust Investments (Perpetual care trust investment security transactions recorded in Other, net) (Details) - Preneed Funeral Trust Investments [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Gain (Loss) on Securities [Line Items]
Realized gains	$ 691	$ 709
Realized losses, net	(420)	(679)
Net change in Care trusts’ corpus	(7,970)	13,495
Interest Expense Net of Other Income
Gain (Loss) on Securities [Line Items]
Unrealized Gain (Loss) on Investments	$ 7,699	$ (13,525)

Stockholders' Equity Cash Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Mar. 01, 2020	Mar. 01, 2019	Mar. 31, 2021	Mar. 31, 2020
Equity [Abstract]
Dividends declared per common share (in dollars per Share)	$ 0.100	$ 0.075	$ 0.1000	$ 0.075
Dividends	$ 1,799	$ 1,339

- Lease Term and Discount Rate (Details)	Mar. 31, 2021
Weighted-average remaining lease term (years)
Operating leases	10 years 8 months 12 days
Finance leases	5 years 7 months 6 days
Weighted-average discount rate
Operating leases	8.10%
Finance leases	8.20%

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS We evaluated our financial assets and liabilities for those financial assets and liabilities that met the criteria of the disclosure requirements and fair value framework. The carrying values of cash and cash equivalents, accounts receivable and accounts payable approximate the fair values of those instruments due to the short-term nature of the instruments. The fair values of our receivables on preneed cemetery contracts are impracticable to estimate because of the lack of a trading market and the diverse number of individual contracts with varying terms. Our acquisition debt and Credit Facility (as defined in Note 10) and Senior Notes (as defined in Note 12) are classified within Level 2 of the Fair Value Measurements hierarchy. At March 31, 2021, the carrying value and fair value of our Credit Facility was $28.3 million. We believe that our Credit Facility bears interest at a rate that approximates prevailing market rates for instruments with similar characteristics and therefore, the carrying value of our Credit Facility approximates fair value. We estimate the fair value of our acquisition debt utilizing an income approach, which uses a present value calculation to discount payments based on current market rates as of the reporting date. At March 31, 2021, the carrying value of our acquisition debt was $5.4 million, which approximated its fair value. The fair value of our Senior Notes was approximately $417.6 million at March 31, 2021 based on the last traded or broker quoted price. At December 31, 2020 and March 31, 2021, we did not have any assets that had fair values determined by Level 3 inputs and no liabilities measured at fair value. We identified investments in fixed income securities, common stock and mutual funds presented within the preneed and perpetual care trust investments categories on our Consolidated Balance Sheet as having met the criteria for fair value measurement. Our receivables from preneed trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. See Notes 6 and 7 to our Consolidated Financial Statements herein for the fair value hierarchy levels of our trust investments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

CREDIT FACILITY AND ACQUISITION DEBT (Narrative) (Details)		3 Months Ended			9 Months Ended
	Sep. 29, 2020 USD ($)	Mar. 31, 2021 USD ($)	Sep. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Sep. 30, 2020	Dec. 31, 2021	Mar. 12, 2021 USD ($)	Dec. 31, 2020 USD ($)	Sep. 09, 2020 USD ($)	Mar. 19, 2014
Debt Covenant To Actual Ratios [Line Items]
Repayments of Long-term Lines of Credit		$ 34,068,000		$ 33,000,000
Revolving credit facility present accordion provisions		75,000,000.0
Deferred payments	$ 2,100,000
Credit Facility amortization of debt issuance costs		193,000		200,000
Term Loan [Member]
Debt Covenant To Actual Ratios [Line Items]
Revolving credit facility, maximum borrowing capacity		190,000,000.0
Letter of Credit [Member]
Debt Covenant To Actual Ratios [Line Items]
Revolving credit facility, maximum borrowing capacity		15,000,000.0
Swingline [Member]
Debt Covenant To Actual Ratios [Line Items]
Revolving credit facility, maximum borrowing capacity		10,000,000.0
Senior Notes [Member]
Debt Covenant To Actual Ratios [Line Items]
Credit Facility amortization of debt issuance costs		74,000		67,000
Acquisition debt imputed interest expense		6,625,000		$ 6,625,000
Debt Instrument, Term				62 months
Credit Agreement [Member]
Debt Covenant To Actual Ratios [Line Items]
Acquisition debt imputed interest expense		$ 445,000		$ 1,230,000
Credit Agreement [Member] \| Term Loan [Member]
Debt Covenant To Actual Ratios [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.125%
Convertible Subordinated Notes [Member]
Debt Covenant To Actual Ratios [Line Items]
Carrying value of the liability component		$ 0					$ 200,000	$ 2,538,000	$ 0
Credit Facility amortization of debt issuance costs		1,000		6,000
Stated interest rate percentage										2.75%
Acquisition debt imputed interest expense		$ 18,000		43,000
Prime Rate Option [Member] \| Line of Credit [Member]
Debt Covenant To Actual Ratios [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.50%
Libor Margin Option [Member] \| Line of Credit [Member]
Debt Covenant To Actual Ratios [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.50%
Series of Individually Immaterial Business Acquisitions [Member]
Debt Covenant To Actual Ratios [Line Items]
Acquisition debt imputed interest expense		$ 97,000		$ 127,000
Revolving Credit Facility, Secured, Floating Rate [Member] \| Credit Agreement [Member] \| Revolving Credit Facility [Member]
Debt Covenant To Actual Ratios [Line Items]
Weighted average interest rate		3.30%		4.30%
Revolving Credit Facility, Secured, Floating Rate [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member]
Debt Covenant To Actual Ratios [Line Items]
Carrying value of the liability component		$ 28,300,000
Revolving Credit Facility, Secured, Floating Rate [Member] \| Line of Credit [Member] \| Revolving Credit Facility [Member] \| Ratio Actual [Member]
Debt Covenant To Actual Ratios [Line Items]
Ratio of indebtedness to net capital (in Ratio) (below at March 31, 2015)		2.00
Ratio of earnings to fixed cost obligations (in Ratio)		1.20
Revolving Credit Facility [Member] \| Credit Agreement 2018 [Member]
Debt Covenant To Actual Ratios [Line Items]
Carrying value of the liability component								$ 47,200,000
Credit Facility amortization of debt issuance costs			$ 118,000	$ 126,000
Forecast \| Ratio Actual [Member]
Debt Covenant To Actual Ratios [Line Items]
Ratio of indebtedness to net capital (in Ratio) (below at March 31, 2015)						5.50
Minimum [Member] \| Ratio Actual [Member]
Debt Covenant To Actual Ratios [Line Items]
Ratio of indebtedness to net capital (in Ratio) (below at March 31, 2015)						0.25
Minimum [Member] \| Deferred Purchase Price Notes [Member]
Debt Covenant To Actual Ratios [Line Items]
Debt Instrument, Imputed Interest Rate		7.30%
Debt Instrument, Term					5 years
Maximum [Member] \| Deferred Purchase Price Notes [Member]
Debt Covenant To Actual Ratios [Line Items]
Debt Instrument, Imputed Interest Rate		10.00%
Debt Instrument, Term					20 years

Revenue From Contracts With Customers Narrative (Details) - segment	3 Months Ended	9 Months Ended
	Mar. 31, 2021	Sep. 30, 2021
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Number of business segments	2
Minimum [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Service Contract, Term	8 years
Maximum [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Service Contract, Term	10 years	10 years

Receivables (Preneed cemetery receivables) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery receivables	$ 48,897		$ 47,222
Unearned finance charges associated with receivables	(4,508)		(4,348)
Receivables From Preneed Funeral Trust Gross	44,389		42,874
Less: balances due on undelivered cemetery preneed contracts	(8,540)		(7,919)
Preneed cemetery receivables, net	21,533		21,081
Allowance for Contract Cancellations [Roll Forward]
Beginning balance	1,287
Provision	(588)	$ (690)
Ending balance	1,283
Trade and financed receivables	22,278		23,678
Receivables from Preneed Funeral Trusts	(16,976)		(16,844)
Preneed Funeral Trust Funds Allowance For Contract Cancellation And Credit Loss	(2,864)		(2,604)
Accounts Receivable, after Allowance for Credit Loss	(11,452)		(11,270)
Cemetery
Allowance for Contract Cancellations [Roll Forward]
Beginning balance	960
Ending balance	999
Trade and financed receivables	12,451		12,230
Preneed Cemetery Receivables [Member]
Allowance for Contract Cancellations [Roll Forward]
Beginning balance	1,644
Write-offs and cancellations	(25)
Provision	(246)
Ending balance	1,865
Cemetery interment rights
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery receivables	38,108		36,696
Cemetery merchandise and services
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery receivables	$ 10,789		$ 10,526

Trust Investments (Unrealized losses on cemetery merchandise and service trust investments) (Details) - Preneed Cemetery Trust Investments [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months	$ 7,237	$ 4,010
In Loss Position Less than 12 months	(447)	(274)
In Loss Position Greater than 12 months	2,028	5,074
In Loss Position Greater than 12 months	(624)	(1,281)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	9,265	9,084
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(1,071)	(1,555)
Available-for-sale Securities, Amortized Cost Basis	83,953	82,573
Unrealized Gains	14,424	13,856
Foreign debt
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months	2,590	2,517
In Loss Position Less than 12 months	(114)	(57)
In Loss Position Greater than 12 months	509	371
In Loss Position Greater than 12 months	(506)	(645)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,099	2,888
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(620)	(702)
Corporate Debt [Member]
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months	735	784
In Loss Position Less than 12 months	(9)	(99)
In Loss Position Greater than 12 months	682	542
In Loss Position Greater than 12 months	(82)	(259)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,417	1,326
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(91)	(358)
Preferred stock
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months	3,912	709
In Loss Position Less than 12 months	(324)	(118)
In Loss Position Greater than 12 months	837	4,049
In Loss Position Greater than 12 months	(36)	(218)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	4,749	4,758
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(360)	(336)
Mortgage-backed securities
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months		0
In Loss Position Less than 12 months		0
In Loss Position Greater than 12 months		112
In Loss Position Greater than 12 months		(159)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		112
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss		(159)
Available-for-sale Securities, Amortized Cost Basis		272
Unrealized Gains		0
Fair Value, Inputs, Level 1 [Member] \| Common stock
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	31,925	30,253
Unrealized Gains	7,912	7,642
Fair Value, Inputs, Level 2 [Member] \| Corporate Debt [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	14,509	14,856
Unrealized Gains	1,849	$ 1,820
Fair Value, Inputs, Level 2 [Member] \| Mortgage-backed securities
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	0
Unrealized Gains	$ 0

Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation and Interim Condensed Disclosures, Policy	Principles of Consolidation and Interim Condensed DisclosuresOur unaudited consolidated financial statements include the Company and its subsidiaries. All intercompany balances and transactions have been eliminated. Our interim consolidated financial statements are unaudited but include all adjustments, which consist of normal, recurring accruals, that are necessary for a fair presentation of our financial position and results of operations as of and for the interim periods presented. Our unaudited consolidated financial statements have been prepared in a manner consistent with the accounting principles described in our Annual Report on Form 10-K for the year ended December 31, 2020 unless otherwise disclosed herein, and should be read in conjunction therewith.
Reclassification, Policy	ReclassificationsCertain reclassifications have been made to prior period amounts on our Consolidated Statements of Cash Flows related to the amortization of non-compete agreements and on our Statement of Changes in Stockholders Equity related to the issuance of common stock to conform to the current period financial statement presentation with no effect on our previously reported Consolidated Statements of Operations and Consolidated Balance Sheet.
Use of Estimates, Policy	Use of Estimates The preparation of our Consolidated Financial Statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. On an ongoing basis, we evaluate our estimates and judgments, which include those related to the realization of our accounts receivable, valuation of goodwill, intangible assets, deferred tax assets and liabilities and depreciation of property and equipment. We base our estimates on historical experience, third-party data and assumptions that we believe to be reasonable under the circumstances. The results of these considerations form the basis for making judgments about the amount and timing of revenue and expenses, the carrying value of assets and the recorded amounts of liabilities. Actual results may differ from these estimates and such estimates may change if the underlying conditions or assumptions change. Historical performance should not be viewed as indicative of future performance, as there can be no assurance that our results of operations will be consistent from year to year.
Cash and Cash Equivalents, Policy	Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
New Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted
Funeral and Cemetery Operations, Policy
Property, Plant and Equipment, Policy	Property, Plant and EquipmentProperty, plant and equipment (including equipment under finance leases) are stated at cost. The costs of ordinary maintenance and repairs are charged to operations as incurred, while renewals and major replacements that extend the useful economic life of the asset are capitalized. Depreciation of property, plant and equipment (including equipment under finance leases) is computed based on the straight-line method over the estimated useful lives of the assets.
Goodwill and Intangible Assets, Goodwill, Policy	Goodwill The excess of the purchase price over the fair value of identifiable net assets of funeral home businesses and cemeteries acquired is recorded as goodwill. Goodwill has an indefinite life and is not subject to amortization. As such, we test goodwill for impairment on an annual basis as of August 31st each year. Under current guidance, we are permitted to first assess qualitative factors to determine whether it is more-likely-than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative goodwill impairment test. Our intent is to perform a quantitative impairment test at least once every three years and perform a qualitative assessment during the remaining two years. In addition to our annual test, we assess the impairment of goodwill whenever events or changes in circumstances indicate that the carrying value of a reporting unit may be greater than fair value. Factors that could trigger an interim impairment review include, but are not limited to, significant negative industry or economic trends and significant adverse changes in the business climate, which may be indicated by a decline in our market capitalization or decline in operating results. When we divest a portion of a reporting unit that constitutes a business in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), we allocate goodwill associated with that business to be included in the gain or loss on divestiture. The goodwill allocated is based on the relative fair values of the business being divested and the portion of the reporting unit that will be retained. Additionally, after each divestiture, we will test the goodwill remaining in the portion of the reporting unit to be retained for impairment using a qualitative assessment unless we deem a quantitative assessment to be appropriate to ensure the fair value of our reporting units is greater than their carrying value. See Note 3 to the Consolidated Financial Statements included herein for additional information related to our goodwill. Intangible Assets Our intangible assets include tradenames resulting from acquisitions and are included in Intangible and other non-current assets, net on our Consolidated Balance Sheet. Our tradenames are considered to have an indefinite life and are not subject to amortization. As such, we test our intangible assets for impairment on an annual basis as of August 31st each year. Under current guidance, we are permitted to first assess qualitative factors to determine whether it is more-likely-than not that the fair value of the tradename is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test. Our intent is to perform a quantitative impairment test at least once every three years and perform a qualitative assessment during the remaining two years. In addition to our annual test, we assess the impairment of intangible assets whenever certain events or changes in circumstances indicate that the carrying value of the intangible asset may be greater than the fair value. Factors that could trigger an interim impairment review include, but are not limited to, significant under-performance relative to historical or projected future operating results and significant negative industry or economic trends. See Note 9 to the Consolidated Financial Statements included herein for additional information related to our intangible assets.
Subsequent Events, Policy	Subsequent Events We have evaluated events and transactions during the period subsequent to March 31, 2021 through the date the financial statements were issued for potential recognition or disclosure in the accompanying financial statements covered by this report. See Note 18 to the Consolidated Financial Statements included herein for additional information related to our subsequent events.

Trust Investments (Fixed income securities within our perpetual care trust investment in an unrealized loss position) (Details) - Preneed Funeral Trust Investments [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair market value
In Loss Position Less than 12 months	$ 5,332	$ 3,462
In Loss Position Greater than 12 months	2,267	3,867
Total	7,599	7,329
Unrealized Losses
In Loss Position Less than 12 months	(332)	(308)
In Loss Position Greater than 12 months	(544)	(990)
Total	(876)	(1,298)
Foreign debt
Fair market value
In Loss Position Less than 12 months	1,800	1,728
In Loss Position Greater than 12 months	430	312
Total	2,230	2,040
Unrealized Losses
In Loss Position Less than 12 months	(79)	(43)
In Loss Position Greater than 12 months	(429)	(539)
Total	(508)	(582)
Corporate debt
Fair market value
In Loss Position Less than 12 months	559	592
In Loss Position Greater than 12 months	519	410
Total	1,078	1,002
Unrealized Losses
In Loss Position Less than 12 months	(7)	(74)
In Loss Position Greater than 12 months	(62)	(166)
Total	(69)	(240)
Preferred stock
Fair market value
In Loss Position Less than 12 months	2,973	1,142
In Loss Position Greater than 12 months	1,318	3,060
Total	4,291	4,202
Unrealized Losses
In Loss Position Less than 12 months	(246)	(191)
In Loss Position Greater than 12 months	(53)	(164)
Total	$ (299)	(355)
Mortgage-backed securities
Fair market value
In Loss Position Less than 12 months		0
In Loss Position Greater than 12 months		85
Total		85
Unrealized Losses
In Loss Position Less than 12 months		0
In Loss Position Greater than 12 months		(121)
Total		$ (121)

Convertible Subordinated Notes

3 Months Ended

Mar. 31, 2021

Convertible Subordinated Notes [Abstract]

Convertible Subordinated Notes

CONVERTIBLE SUBORDINATED NOTES

During the three months ended March 31, 2021, we converted approximately $2.4 million in aggregate principal amount of our 2.75% convertible subordinated notes due 2021 (the “Convertible Notes”) held by certain holders for approximately $3.8 million in cash and recorded $1.4 million for the reacquisition of the equity component. The Convertible Notes matured on March 15, 2021, at which time all Convertible Notes outstanding, approximately $0.2 million in aggregate principal amount, were paid in full in cash at par value. Therefore, no Convertible Notes remain outstanding at March 31, 2021.

The carrying values of the liability and equity components of our Convertible Notes are reflected on our Consolidated Balance Sheet as follows (in thousands):


	December 31, 2020		March 31, 2021
Current liabilities:
Principal amount	$	2,559	$	—
Unamortized discount of liability component	(20)		—
Convertible Notes issuance costs, net of accumulated amortization of $63 and $64, respectively	(1)		—
Carrying value of the liability component	$	2,538	$	—

Carrying value of the equity component	$	319	$	—

The carrying value of the liability component and the carrying value of the equity component are recorded in Convertible subordinated notes due 2021 and Additional paid-in capital, respectively, on our Consolidated Balance Sheet at December 31, 2020.

The interest expense and accretion of debt discount and debt issuance costs related to our Convertible Notes are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Convertible Notes interest expense	$	43	$	18
Convertible Notes accretion of debt discount	65		20
Convertible Notes amortization of debt issuance costs	6		1

The effective interest rate on the unamortized debt discount for both the three months ended March 31, 2020 and 2021 was 11.4%. The effective interest rate on the debt issuance costs for the three months ended March 31, 2020 and 2021 was 3.2% and 3.1%

Supplementary Data

3 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplementary Data

SUPPLEMENTARY DATA

Balance Sheet

The following table presents the detail of certain balance sheet accounts (in thousands):


	December 31, 2020		March 31, 2021
Prepaid and other current assets:
Prepaid expenses	$	1,919	$	1,913



Other current assets	157		163
Total prepaid and other current assets	$	2,076	$	2,076

Current portion of debt and lease obligations:
Current portion of acquisition debt	$	1,027	$	913
Current portion of finance lease obligations	323		331
Current portion of operating lease obligations	2,082		2,057
Total current portion of debt and lease obligations	$	3,432	$	3,301

Accrued and other liabilities:
Accrued salaries and wages	$	1,392	$	3,307
Accrued incentive compensation	11,139		5,964
Accrued vacation	3,271		3,440
Accrued insurance	3,016		3,507
Accrued interest	2,291		8,888
Accrued ad valorem and franchise taxes	435		1,059
Employer payroll tax deferral	1,773		1,773
Accrued commissions	634		912
Perpetual care trust payable	908		1,097
Income tax payable	798		4,392
Other accrued liabilities	1,825		1,604
Unrecognized tax benefit	3,656		3,656
Total accrued and other liabilities	$	31,138	$	39,599

Other long-term liabilities:
Incentive compensation	$	2,975	$	351

Employer payroll tax deferral	1,773		1,773
Accrued severance	—		553
Total other long-term liabilities	$	4,748	$	2,677

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	80,000,000	80,000,000
Common stock, shares issued	26,073,693	26,020,494
Treasury stock, shares	8,025,339	8,025,339

Supplementary Data (Details) - USD ($) $ in Thousands	3 Months Ended
Supplementary Data (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Other current assets:
Prepaid expenses	$ 1,913		$ 1,919
Other current assets	163		157
Total other current assets	2,076		2,076
Current portion of acquisition debt	913		1,027
Current portion of finance lease obligations	331		323
Current portion of operating lease obligations	2,057		2,082
Total current portion of debt and lease obligations	3,301		3,432
Accrued liabilities:
Accrued salaries and wages	3,307		1,392
Accrued incentive compensation	5,964		11,139
Accrued vacation	3,440		3,271
Accrued insurance	3,507		3,016
Accrued interest	8,888		2,291
Accrued ad valorem and franchise taxes	1,059		435
Employer payroll tax deferral	1,773		1,773
Accrued commissions	912		634
Other accrued liabilities	1,097		908
Income tax payable	4,392		798
Federal income taxes payable	1,604		1,825
Unrecognized tax benefit	3,656		3,656
Total accrued liabilities	39,599		31,138
Other long-term liabilities:
Incentive compensation	351		2,975
Total other long-term liabilities	2,677		4,748
Employer Payroll Tax Deferral, Non-Current	1,773		1,773
Accrued Severance	553		$ 0
Cash Paid For Interest And Financing Costs	616	$ 1,337
Income Taxes Paid	532	96
Contribution of Property	$ 635	$ 0

Trust Investments (Preneed cemetery trust investment security transactions) (Details) - Preneed Cemetery Trust Investments [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Unrealized Gain (Loss) on Investments	$ 9,708	$ (16,305)
Interest Income and Other, Net [Member]
Debt and Equity Securities, FV-NI [Line Items]
Investment income	467	319
Realized gain, net	4,092	1,916
Realized losses	(2,518)	(1,372)
Expenses and taxes	(327)	(187)
Increase (decrease) in deferred preneed cemetery receipts held in trust	$ (11,422)	$ 15,629

Receivables Amortized cost basis (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	$ 7,913
2019	16,490
2018	9,585
2017	5,118
2016	2,814
Prior	2,469
Receivables From Preneed Funeral Trust Gross	$ 44,389	$ 42,874

Earnings Per Share (EPS Computations) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Less: Loss (earnings) allocated to unvested restricted stock	$ 12,933	$ (4,197)
Income (loss) attributable to common stockholders	(27)	13
Income (loss) attributable to common stockholders	$ 12,906	$ (4,184)
Denominator [Abstract]
Denominator for basic earnings per common share - weighted average shares outstanding	17,965,000	17,805,000
Effect of dilutive securities, share options (in shares)	234,000	0
Weighted average number of common and common equivalent shares outstanding for diluted EPS computation	18,199,000	17,805,000
Basic and Diluted earnings per common share:
Continuing operations (in dollars per Share)	$ 0.72	$ (0.23)
Continuing operations (in dollars per Share)	$ 0.71	$ (0.23)
Stock Options
Basic and Diluted earnings per common share:
Antidilutive securities excluded from computation of diluted EPS	0	1,034,084
Common Shares Excluded Due to Net Loss
Basic and Diluted earnings per common share:
Antidilutive securities excluded from computation of diluted EPS	27,085

LEASES - Right-of-use Assets Obtained in Exchange for New Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 56	$ 77
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 0	$ 0

DIVESTED OPERATIONS (Details) $ in Thousands	3 Months Ended
DIVESTED OPERATIONS (Details) $ in Thousands	Mar. 31, 2021 USD ($) divestiture	Mar. 31, 2020 USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Number of Businesses Sold \| divestiture	2
Proceeds from divestitures and sale of other assets \| $	$ 2,800	$ 78

Trust Investments (Cost and fair market values associated with the trust investments held in perpetual care trust) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Perpetual Care Trust Invesments [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 67,123	$ 65,665
Unrealized Gains	11,684	11,128
Unrealized Losses	(3,985)	(6,773)
Fair Market Value	74,822	70,020
Preneed cemetery trust investments	$ 75,815	$ 70,828
Preneed cemetery trust investments, fair market value as a percentage of cost (in Percent)	111.50%	106.60%
Perpetual Care Trust Invesments [Member] \| Accrued Investment Income [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 993	$ 808
Fair Market Value	993	808
Preneed Funeral Trust Investments [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	97,681	97,700
Unrealized Gains	13,504	13,125
Unrealized Losses	(4,185)	(7,570)
Fair Market Value	107,000	103,255
Preneed cemetery trust investments	$ 108,131	$ 104,166
Preneed cemetery trust investments, fair market value as a percentage of cost (in Percent)	109.50%	105.70%
Preneed Funeral Trust Investments [Member] \| Accrued Investment Income [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 1,131	$ 911
Fair Market Value	1,131	911
Fair Value, Inputs, Level 1 [Member] \| Perpetual Care Trust Invesments [Member] \| Cash and Money Market Accounts [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	528	686
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	528	686
Fair Value, Inputs, Level 1 [Member] \| Perpetual Care Trust Invesments [Member] \| Common stock
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	25,151	23,662
Unrealized Gains	6,436	6,108
Unrealized Losses	(2,945)	(5,255)
Fair Market Value	28,642	24,515
Fair Value, Inputs, Level 1 [Member] \| Preneed Funeral Trust Investments [Member] \| Cash and Money Market Accounts [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	18,119	18,478
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	18,119	18,478
Fair Value, Inputs, Level 1 [Member] \| Preneed Funeral Trust Investments [Member] \| Common stock
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	29,618	28,327
Unrealized Gains	7,546	7,364
Unrealized Losses	(3,120)	(6,052)
Fair Market Value	34,044	29,639
Fair Value, Inputs, Level 2 [Member] \| Perpetual Care Trust Invesments [Member] \| Debt Security, Government, Non-US [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	12,642	12,539
Unrealized Gains	1,775	1,641
Unrealized Losses	(508)	(582)
Fair Market Value	13,909	13,598
Fair Value, Inputs, Level 2 [Member] \| Perpetual Care Trust Invesments [Member] \| Corporate debt
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	11,525	11,684
Unrealized Gains	1,540	1,506
Unrealized Losses	(69)	(240)
Fair Market Value	12,996	12,950
Fair Value, Inputs, Level 2 [Member] \| Perpetual Care Trust Invesments [Member] \| Preferred Stock [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	10,518	10,444
Unrealized Gains	558	819
Unrealized Losses	(299)	(355)
Fair Market Value	10,777	10,908
Fair Value, Inputs, Level 2 [Member] \| Perpetual Care Trust Invesments [Member] \| Mortgage-backed securities
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		206
Unrealized Gains		0
Unrealized Losses		(121)
Fair Market Value		85
Fair Value, Inputs, Level 2 [Member] \| Perpetual Care Trust Invesments [Member] \| Other Investments [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	6,739	6,444
Unrealized Gains	1,374	1,054
Unrealized Losses	(164)	(220)
Fair Market Value	7,949	7,278
Fair Value, Inputs, Level 2 [Member] \| Perpetual Care Trust Invesments [Member] \| Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	20
Unrealized Gains	1
Unrealized Losses
Fair Market Value	21
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Debt Security, Government, Non-US [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	14,959	15,144
Unrealized Gains	2,142	2,018
Unrealized Losses	(551)	(634)
Fair Market Value	16,550	16,528
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Corporate debt
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	12,826	13,292
Unrealized Gains	1,639	1,638
Unrealized Losses	(87)	(310)
Fair Market Value	14,378	14,620
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Preferred Stock [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	10,816	10,944
Unrealized Gains	637	900
Unrealized Losses	(340)	(298)
Fair Market Value	11,113	11,546
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Mortgage-backed securities
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis		293
Unrealized Gains		1
Unrealized Losses		(155)
Fair Market Value		139
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Fixed Income Securities [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	6,600	6,475
Unrealized Gains	1,534	1,198
Unrealized Losses	(87)	(121)
Fair Market Value	8,047	7,552
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Other Investments [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	3,901	3,928
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	3,901	$ 3,928
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Equity Securities [Member]
Gain (Loss) on Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	26
Unrealized Gains	1
Unrealized Losses	0
Fair Market Value	$ 27

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 19, 2014
Amortization of Intangible Assets	$ 320	$ 328
Convertible Subordinated Notes [Member]
Stated interest rate percentage			2.75%
Senior Notes [Member] \| Senior Note Two [Member]
Stated interest rate percentage	6.625%

Recently Issued Accounting Standards - Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Prepaid expenses	$ 1,913	$ 1,919
Operating lease right-of-use assets	20,747	21,201
Assets	1,157,726	1,145,825
Other long-term liabilities	2,677	4,748
Current portion of operating lease obligations	2,057	2,082
Obligations under operating leases, net of current portion	19,876	20,302
Liabilities	$ 906,223	$ 905,323

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 942
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+ Details

- Definition

Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Supplementary Data (Tables)

3 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplementary Balance Sheet Disclosures

he detail of certain balance sheet accounts (in thousands):


	December 31, 2020		March 31, 2021
Prepaid and other current assets:
Prepaid expenses	$	1,919	$	1,913



Other current assets	157		163
Total prepaid and other current assets	$	2,076	$	2,076

Current portion of debt and lease obligations:
Current portion of acquisition debt	$	1,027	$	913
Current portion of finance lease obligations	323		331
Current portion of operating lease obligations	2,082		2,057
Total current portion of debt and lease obligations	$	3,432	$	3,301

Accrued and other liabilities:
Accrued salaries and wages	$	1,392	$	3,307
Accrued incentive compensation	11,139		5,964
Accrued vacation	3,271		3,440
Accrued insurance	3,016		3,507
Accrued interest	2,291		8,888
Accrued ad valorem and franchise taxes	435		1,059
Employer payroll tax deferral	1,773		1,773
Accrued commissions	634		912
Perpetual care trust payable	908		1,097
Income tax payable	798		4,392
Other accrued liabilities	1,825		1,604
Unrecognized tax benefit	3,656		3,656
Total accrued and other liabilities	$	31,138	$	39,599

Other long-term liabilities:
Incentive compensation	$	2,975	$	351

Employer payroll tax deferral	1,773		1,773
Accrued severance	—		553
Total other long-term liabilities	$	4,748	$	2,677

Acquisitions (Assets Acquired) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill Recorded	$ 391,972	$ 392,978	$ 398,292

Receivables (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
Receivables (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ 1,283		$ 1,287
Term of sales contract for cemetery interment rights, maximum (in Duration)	5 years
Unearned finance charges associated with receivables	$ 4,508		4,348
Provision for bad debt and credit losses	588	$ 690
Preneed Cemetery Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	1,865		$ 1,644
Provision for bad debt and credit losses	$ 246

DIVESTED OPERATIONS

3 Months Ended

Mar. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

DIVESTED OPERATIONS

During the three months ended March 31, 2021, we sold two funeral homes for $2.8 million. During the three months ended March 31, 2020, we did not sell any funeral homes or cemeteries.

The operating results of these divested funeral homes are reflected in our Consolidated Statements of Operations as shown in the table below (in thousands):


	Three months ended March 31,
	2020		2021
Revenue	$	—	$	282

Operating income	—		60
Gain on divestitures(1)	—		308
Income tax expense	—		(114)
Net income from divested operations, after tax	$	—	$	254

(1)

Gain on divestitures is recorded in Net loss (gain) on divestitures and impairment charges on our Consolidated Statements of Operations.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Director [Member]	Common stock	Common stock Director [Member]	Additional Paid-in Capital	Additional Paid-in Capital Director [Member]	Retained Earnings [Member]	Treasury Stock
Beginning balance, shares outstanding at Dec. 31, 2019			17,855
Beginning Balance at Dec. 31, 2019	$ 226,569		$ 259		$ 242,147		$ 86,213	$ (102,050)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	(4,197)						(4,197)
Isuuance of common stock, shares			27	9
Issuance of common stock from employee stock purchase plan	361	$ 142	$ 0		361	$ 142
Issuance of restricted common stock, shares			10
Issuance of restricted common stock	0		$ 0		0
Cancellation and retirement of restricted common stock, shares			(10)
Cancellation and surrender of restricted common stock	(234)		$ 0		(234)
Stock-based compensation expense	689				689
Dividends on common stock	(1,339)				(1,339)
Other, shares			18
Other	468				468
Ending balance, shares outstanding at Mar. 31, 2020			17,909
Ending Balance at Mar. 31, 2020	222,459		$ 259		242,234		82,016	(102,050)
Beginning balance, shares outstanding at Dec. 31, 2020			17,995
Beginning Balance at Dec. 31, 2020	240,502		$ 260		239,989		102,303	(102,050)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Isuuance of common stock, shares			18	5
Issuance of common stock from employee stock purchase plan	$ 479	$ 177	$ 1		478	$ 177
Exercise of stock options, shares	101		30
Exercise of stock options	$ (148)				(148)
Issuance of restricted common stock, shares			9
Issuance of restricted common stock	0		$ 0		0
Cancellation and retirement of restricted common stock, shares			(9)
Cancellation and surrender of restricted common stock	(347)		$ 0		(347)
Stock-based compensation expense	1,130				1,130
Dividends on common stock	(1,799)				(1,799)
Adjustments to Additional Paid in Capital, Other					(1,400)
Ending balance, shares outstanding at Mar. 31, 2021			18,048
Ending Balance at Mar. 31, 2021	251,503		$ 261		238,056		$ 115,236	$ (102,050)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Repurchase	$ (1,424)				$ (1,424)

Trust Investments (Components of Care trusts’ corpus) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
Care trusts’ corpus	$ 75,360	$ 69,707
Perpetual Care Trust Invesments [Member]
Gain (Loss) on Securities [Line Items]
Cemetery perpetual care trust investments, at market value	75,815	70,828
Obligations due from trust	(455)	(1,121)
Care trusts’ corpus	$ 75,360	$ 69,707

Receivables from Preneed Trusts

3 Months Ended

Mar. 31, 2021

Receivables From Preneed Trusts [Abstract]

RECEIVABLES FROM PRENEED TRUSTS

Our receivables from preneed trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. Receivables from preneed trusts are as follows (in thousands):


	December 31, 2020		March 31, 2021
Preneed trust funds, at cost	$	17,365	$	17,502
Less: allowance for contract cancellation	(521)		(526)
Receivables from preneed trusts, net	$	16,844	$	16,976

The composition of the preneed trust funds at March 31, 2021 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,697	$	4,697
Fixed income investments	10,473		10,473
Mutual funds and common stocks	2,327		2,406
Annuities	5		5
Total	$	17,502	$	17,581

The composition of the preneed trust funds at December 31, 2020 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,604	$	4,604
Fixed income investments	10,355		10,355
Mutual funds and common stocks	2,402		2,569
Annuities	4		4
Total	$	17,365	$	17,532

CREDIT FACILITY AND ACQUISITION DEBT Credit Facility (Details)	3 Months Ended
	Mar. 31, 2021 USD ($)	Sep. 30, 2020 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2021	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Credit Facility amortization of debt issuance costs	$ 193,000		$ 200,000
Debt Instrument, Debt Compliance, EBITDA	0.50
Ratio Actual [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Ratio of indebtedness to net capital (in Ratio) (below at March 31, 2015)				0.25
Credit Agreement 2018 [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility amortization of debt issuance costs		$ 118,000	$ 126,000
Carrying value of the liability component					$ 47,200,000
Line of Credit [Member] \| Revolving Credit Facility, Secured, Floating Rate [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Carrying value of the liability component	28,300,000
Remaining borrowing capacity	$ 159,600,000
Line of Credit [Member] \| Revolving Credit Facility, Secured, Floating Rate [Member] \| Revolving Credit Facility [Member] \| Ratio Actual [Member]
Debt Instrument [Line Items]
Ratio of indebtedness to net capital (in Ratio) (below at March 31, 2015)	2.00

Label	Element	Value
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	$ 12,933,000
Retained Earnings [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	$ 12,933,000

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Basis of Presentation and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Carriage Services, Inc. (“Carriage,” the “Company,” “we,” “us,” or “our”) is a leading provider of funeral and cemetery services and merchandise in the United States. As of March 31, 2021, we operated 173 funeral homes in 26 states and 32 cemeteries in 12 states. Our operations are reported in two business segments: Funeral Home Operations, which currently account for approximately 75% of our revenue and Cemetery Operations, which currently account for approximately 25% of our revenue.

Our funeral home operations are principally service businesses that generate revenue from sales of burial and cremation services and related merchandise, such as caskets and urns. Funeral services include consultation, the removal and preparation of remains, the use of funeral home facilities for visitation and memorial services and transportation services. We provide funeral services and products on both an “atneed” (time of death) and “preneed” (planned prior to death) basis.

Our cemetery operations generate revenue primarily through sales of cemetery interment rights (primarily grave sites, lawn crypts, mausoleum spaces and niches), related cemetery merchandise (such as memorial markers, outer burial containers and monuments) and services (interments, inurnments and installation of cemetery merchandise). We provide cemetery services and products on both an atneed and preneed basis.

Principles of Consolidation and Interim Condensed Disclosures

Our unaudited consolidated financial statements include the Company and its subsidiaries. All intercompany balances and transactions have been eliminated. Our interim consolidated financial statements are unaudited but include all adjustments, which consist of normal, recurring accruals, that are necessary for a fair presentation of our financial position and results of operations as of and for the interim periods presented. Our unaudited consolidated financial statements have been prepared in a manner consistent with the accounting principles described in our Annual Report on Form 10-K for the year ended December 31, 2020 unless otherwise disclosed herein, and should be read in conjunction therewith.

Reclassifications

Certain reclassifications have been made to prior period amounts on our Consolidated Statements of Cash Flows related to the amortization of non-compete agreements and on our Statement of Changes in Stockholders Equity related to the issuance of common stock to conform to the current period financial statement presentation with no effect on our previously reported Consolidated Statements of Operations and Consolidated Balance Sheet.

Use of Estimates

The preparation of our Consolidated Financial Statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. On an ongoing basis, we evaluate our estimates and judgments, which include those related to the realization of our accounts receivable, valuation of goodwill, intangible assets, deferred tax assets and liabilities and depreciation of property and equipment. We base our estimates on historical experience, third-party data and assumptions that we believe to be reasonable under the circumstances. The results of these considerations form the basis for making judgments about the amount and timing of revenue and expenses, the carrying value of assets and the recorded amounts of liabilities. Actual results may differ from these estimates and such estimates may change if the underlying conditions or assumptions change. Historical performance should not be viewed as indicative of future performance, as there can be no assurance that our results of operations will be consistent from year to year.

Cash and Cash Equivalents

We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Funeral and Cemetery Receivables

Our funeral receivables are recorded in Accounts receivable, net and primarily consist of amounts due for funeral services already performed.

Atneed cemetery receivables and preneed cemetery receivables with payments expected to be received within one year from the balance sheet date are recorded in Accounts receivable, net. Preneed cemetery receivables with payments expected to

be received beyond one year from the balance sheet date are recorded in Preneed cemetery receivables, net. Our cemetery receivables generally consist of preneed sales of cemetery interment rights and related products and services, which are typically financed through interest-bearing installment sales contracts, generally with terms of up to five years, with such interest income reflected as Other revenue. In substantially all cases, we receive an initial down payment at the time the contract is signed.

For our funeral and atneed cemetery receivables, we have a collections policy where statements are sent to the customer at 30 days past due. Past due notification letters are sent at 45 days and continue until payment is received or the contract is placed with a third-party collections agency. For our preneed cemetery receivables, we have a collections policy where past due notification letters are sent to the customer beginning at 15 days past due and periodically thereafter until payment is received or the contract is cancelled.

Our allowance for credit losses reflects our best estimate of expected credit losses over the term of both our funeral and cemetery receivables. Our policy is to write off receivables when we have determined they will no longer be collectible. Write-offs are applied as a reduction to the allowance for credit losses and any recoveries of previous write-offs are netted against bad debt expense in the period recovered.

We determine our allowance for credit losses by using a loss-rate methodology, in which we assess our historical write-off of receivables against our total receivables over several years. From this historical loss-rate approach, we also consider the current and forecasted economic conditions expected to be in place over the life of our receivables. These estimates are impacted by a number of factors, including changes in the economy, demographics and competition in our local communities. We monitor our ongoing credit exposure through an active review of our customers’ receivables balance against contract terms and due dates. Our activities include timely performance of our accounts receivable reconciliations, assessment of our aging of receivables, dispute resolution and payment confirmation. We monitor any change in our historical write-off of receivables utilized in our loss-rate methodology and assess forecasted changes in market conditions within our credit reserve.

See Note 5 to the Consolidated Financial Statements herein for additional information related to our funeral and cemetery receivables.

Inventory

Inventory consists primarily of caskets, outer burial containers and cemetery monuments and markers and is recorded at the lower of its cost basis or net realizable value. Inventory is relieved using specific identification in fulfillment of performance obligations on our contracts.

Business Combinations

Tangible and intangible assets acquired and liabilities assumed are recorded at fair value and goodwill is recognized for any difference between the price of the acquisition and fair value. We recognize the assets acquired, the liabilities assumed and any non-controlling interest in the acquiree at the acquisition date, measured at the fair value as of that date. Acquisition related costs are recognized separately from the acquisition and are expensed as incurred. We customarily estimate related transaction costs known at closing. To the extent that information not available to us at the closing date subsequently becomes available during the allocation period, we may adjust goodwill, intangible assets, assets or liabilities associated with the acquisition.

During the three months ended March 31, 2020, we acquired one funeral home and cemetery combination business in Lafayette, California for $33.0 million in cash, of which $5.0 million was deposited in escrow in 2019 and $28.0 million was paid at closing in 2020. We acquired substantially all of the assets and assumed certain operating liabilities of these businesses.

Divested Operations

Prior to divesting a funeral home or cemetery, we first determine whether the sale of the net assets and activities (together referred to as a “set”) qualifies as a business. First, we perform a screen test to determine if the set is not a business. The principle of the screen is that if substantially all of the fair value of the gross assets sold resides in a single asset or group of similar assets, the set is not a business. If the screen is not met, we perform an assessment to determine if the set is a business by evaluating whether the set has both inputs and a substantive process that together significantly contribute to the ability to create outputs. When both inputs and a substantive process are present then the set is determined to be a business and we apply the guidance in Accounting Standards Codification (“ASC”) Topic 350 – Intangibles – Goodwill and Other to determine the accounting treatment of goodwill for that set (see discussion of Goodwill below). Goodwill is only allocated to the sale if the set is considered to be a business.

See Notes 3 and 4 to the Consolidated Financial Statements herein for additional information related to our divestitures.

Goodwill

The excess of the purchase price over the fair value of identifiable net assets of funeral home businesses and cemeteries acquired is recorded as goodwill. Goodwill has an indefinite life and is not subject to amortization. As such, we test goodwill for impairment on an annual basis as of August 31st each year. Under current guidance, we are permitted to first assess qualitative factors to determine whether it is more-likely-than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative goodwill impairment test.

Our intent is to perform a quantitative impairment test at least once every three years and perform a qualitative assessment during the remaining two years. In addition to our annual test, we assess the impairment of goodwill whenever events or changes in circumstances indicate that the carrying value of a reporting unit may be greater than fair value. Factors that could trigger an interim impairment review include, but are not limited to, significant negative industry or economic trends and significant adverse changes in the business climate, which may be indicated by a decline in our market capitalization or decline in operating results.

When we divest a portion of a reporting unit that constitutes a business in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), we allocate goodwill associated with that business to be included in the gain or loss on divestiture. The goodwill allocated is based on the relative fair values of the business being divested and the portion of the reporting unit that will be retained. Additionally, after each divestiture, we will test the goodwill remaining in the portion of the reporting unit to be retained for impairment using a qualitative assessment unless we deem a quantitative assessment to be appropriate to ensure the fair value of our reporting units is greater than their carrying value.

See Note 3 to the Consolidated Financial Statements included herein for additional information related to our goodwill.

Intangible Assets

Our intangible assets include tradenames resulting from acquisitions and are included in Intangible and other non-current assets, net on our Consolidated Balance Sheet. Our tradenames are considered to have an indefinite life and are not subject to amortization. As such, we test our intangible assets for impairment on an annual basis as of August 31st each year. Under current guidance, we are permitted to first assess qualitative factors to determine whether it is more-likely-than not that the fair value of the tradename is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test.

Our intent is to perform a quantitative impairment test at least once every three years and perform a qualitative assessment during the remaining two years. In addition to our annual test, we assess the impairment of intangible assets whenever certain events or changes in circumstances indicate that the carrying value of the intangible asset may be greater than the fair value. Factors that could trigger an interim impairment review include, but are not limited to, significant under-performance relative to historical or projected future operating results and significant negative industry or economic trends.

See Note 9 to the Consolidated Financial Statements included herein for additional information related to our intangible assets.

Preneed and Perpetual Care Trust Funds

Preneed sales generally require deposits to a trust or purchase of a third-party insurance product. We have established a variety of trusts in connection with funeral home and cemetery operations as required under applicable state laws. Such trusts include (i) preneed funeral trusts; (ii) preneed cemetery merchandise and service trusts; and (iii) cemetery perpetual care trusts.

Our preneed and perpetual care trust funds are reported in accordance with the principles of consolidating Variable Interest Entities (“VIEs”). In the case of preneed trusts, the customers are the legal beneficiaries. In the case of perpetual care trusts, we do not have a right to access the corpus in the perpetual care trusts.

Our trust fund assets are reflected in our financial statements as Preneed cemetery trust investments, Preneed funeral trust investments and Cemetery perpetual care trust investments. We have recognized financial interests of third parties in the trust funds in our financial statements as Deferred preneed funeral and cemetery receipts held in trust and Care trusts’ corpus.

The fair value of our trust fund assets are accounted for as Collateralized Financing Entities (“CFEs”) in ASC Topic 810. The accounting guidance for CFEs allows companies to elect to measure both the financial assets and financial liabilities using the more observable of the fair value of the financial assets or fair value of the financial liabilities. Pursuant to this guidance, we have determined the fair value of the financial assets of the trusts are more observable and we first measure those financial assets at fair value. Our fair value of the financial liabilities mirror the fair value of the financial assets, in accordance with the ASC. Any changes in fair value are recognized in earnings.

In accordance with ASC Topic 326, we present our credit losses for fixed income securities as an allowance rather than as a write-down on the fixed income securities we do not intend to sell and it is likely that we will not be required to sell prior to their anticipated recovery.

In accordance with respective state laws, we are required to deposit a specified amount into perpetual and memorial care trust funds for each interment right and certain memorials sold. Income from the trust funds is distributed to us and used to provide for the care and maintenance of the cemeteries and mausoleums. Such trust fund income is recognized as revenue when realized by the trust and distributable to us. We are restricted from withdrawing any of the principal balances of these funds.

An enterprise is required to perform an analysis to determine whether the enterprise’s variable interest(s) give it a controlling financial interest in a VIE. This analysis identifies the primary beneficiary of a VIE as the enterprise that has both the power to direct the activities of the VIE that most significantly impact the entity’s economic performance and the obligation to absorb losses of the entity that could potentially be significant to the VIE or the right to receive benefits from the entity that could potentially be significant to the VIE. Our analysis continues to support our position as the primary beneficiary in the majority of our funeral and cemetery trust funds.

See Notes 6 and 7 to the Consolidated Financial Statements herein for additional information related to our preneed and perpetual care trust funds.

Fair Value Measurements

We measure the securities held by our funeral merchandise and service, cemetery merchandise and service, and cemetery perpetual care trusts at fair value on a recurring basis in accordance with ASC Topic 820. This guidance defines fair value as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The guidance establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date.

We disclose the extent to which fair value is used to measure financial assets and liabilities, the inputs utilized in calculating valuation measurements, and the effect of the measurement of significant unobservable inputs on earnings, or changes in net assets, as of the measurement date. We currently do not have any assets that have fair values determined by Level 3 inputs and no liabilities measured at fair value. We have not elected to measure any additional financial instruments and certain other items at fair value that are not currently required to be measured at fair value.

See Notes 6 and 8 to the Consolidated Financial Statements herein for additional required disclosures related to our fair value measurement of our financial assets and liabilities.

Capitalized Commissions on Preneed Contracts

We capitalize sales commissions and other direct selling costs related to preneed cemetery merchandise and services and preneed funeral trust contracts as these costs are incremental and recoverable costs of obtaining a contract with a customer. Our capitalized commissions on preneed contracts are amortized on a straight-line basis over the average maturity period of ten years for our preneed funeral trust contracts and eight years for our preneed cemetery merchandise and services contracts.

The selling costs related to the sales of cemetery interment rights, which include real property and other costs related to cemetery development activities, continue to be expensed using the specific identification method in the period in which the sale of the cemetery interment right is recognized as revenue. The selling costs related to preneed funeral insurance contracts continue to be expensed in the period incurred as these contracts are not included on our Consolidated Balance Sheet.

See Note 9 to the Consolidated Financial Statements herein for additional information related to our capitalized commissions on preneed contracts.

Property, Plant and Equipment

Property, plant and equipment (including equipment under finance leases) are stated at cost. The costs of ordinary maintenance and repairs are charged to operations as incurred, while renewals and major replacements that extend the useful economic life of the asset are capitalized. Depreciation of property, plant and equipment (including equipment under finance leases) is computed based on the straight-line method over the estimated useful lives of the assets.

Long-lived assets, such as property, plant and equipment subject to depreciation and amortization, are reviewed for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC Topic 360 – Property, Plant and Equipment.

Property, plant and equipment is comprised of the following (in thousands):


	December 31, 2020		March 31, 2021
Land	$	82,615	$	81,981
Buildings and improvements	240,567		240,988
Furniture, equipment and automobiles	91,302		91,481
Property, plant and equipment, at cost	414,484		414,450
Less: accumulated depreciation	(145,433)		(147,395)
Property, plant and equipment, net	$	269,051	$	267,055

During the three months ended March 31, 2021, we acquired land for $0.4 million. We also divested two funeral homes that had a carrying value of property, plant and equipment of $1.5 million, which was included in the gain on sale of divestitures and recorded in Net loss (gain) on divestitures and impairment charges on our Consolidated Statements of Operations, described in Note 4 to the Consolidated Financial Statements included herein.

Our growth and maintenance capital expenditures totaled $2.7 million and $4.3 million for the three months ended March 31, 2020 and 2021, respectively, for property, plant, equipment and cemetery development. In addition, we recorded depreciation expense of $3.6 million and $3.4 million for the three months ended March 31, 2020 and 2021, respectively.

Cemetery Property

When we acquire a cemetery, we utilize an internal and external approach to determine the fair value of the cemetery property. From an external perspective, we obtain an accredited appraisal to provide reasonable assurance for property existence, property availability (unrestricted) for development, property lines, available spaces to sell, identifiable obstacles or easements and general valuation inclusive of known variables in that market. From an internal perspective, we conduct a detailed analysis of the acquired cemetery property using other cemeteries in our portfolio as a benchmark. This provides the added benefit of relevant data that is not available to third party appraisers. Through this thorough internal process, the Company is able to identify viable costs of property based on historical experience, particular markets and demographics, reasonable margins, practical retail prices and park infrastructure and condition.

Cemetery property was $101.1 million at both December 31, 2020 and March 31, 2021, net of accumulated amortization of $46.6 million and $48.1 million, respectively. When cemetery property is sold, the value of the cemetery property (interment right costs) is expensed as amortization using the specific identification method in the period in which the sale of the interment right is recognized as revenue. We recorded amortization expense for cemetery interment rights of $0.9 million and $1.5 million for the three months ended March 31, 2020 and 2021, respectively.

Leases

We have operating and finance leases. We lease certain office facilities, certain funeral homes and equipment under operating leases with original terms ranging from one to nineteen years. Many leases include one or more options to renew, some of which include options to extend the leases for up to 26 years. We lease certain funeral homes under finance leases with original terms ranging from ten to forty years. We do not have lease agreements with residual value guarantees, sale-leaseback terms, material restrictive covenants or related parties. We do not have any material sublease arrangements.

We determine if an arrangement is a lease at inception based on the facts and circumstances of the agreement. A right-of-use (“ROU”) asset represents our right to use the underlying asset for the lease term and the lease liability represents our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized on our Consolidated Balance Sheet at the lease commencement date based on the present value of lease payments over the lease term. As our leases do not provide an implicit interest rate, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The lease terms used to calculate the ROU asset and related lease liability include options to extend the lease when it is reasonably certain that we will exercise that option. Lease expense for operating leases is recognized on a straight-line basis over the lease term as an operating expense, while the expense for finance leases is recognized as depreciation expense and interest expense using the accelerated interest method of recognition. Variable lease payment amounts that cannot be determined at the commencement of the lease such as increases in lease payments based on changes in index rates or usage, are not included in the ROU assets or liabilities. These are expensed as incurred and recorded as variable lease expense. We have real estate lease agreements which require payments for lease and non-lease components and account for these as a single lease component. Leases with an initial term of 12 months or less, that do not include an option to renew the underlying asset, are not recorded on our Consolidated Balance Sheet and expense is recognized on a straight-line basis over the lease term.

Operating lease ROU assets are included in Operating lease right-of-use assets and operating lease liabilities are included in Current portion of operating lease obligations and Obligations under operating leases, net of current portion on our

Consolidated Balance Sheet. Finance lease ROU assets are included in Property, plant and equipment, net and finance lease liabilities are included in Current portion of finance lease obligations and Obligations under finance leases, net of current portion on our Consolidated Balance Sheet.

See Notes 13 to the Consolidated Financial Statements included herein for additional information related to our leases.

Equity Plans and Stock-Based Compensation

We have equity-based employee and director compensation plans under which we have granted stock awards, stock options and performance awards. We also have an employee stock purchase plan (the “ESPP”). We recognize compensation expense in an amount equal to the fair value of the stock-based awards expected to vest or to be purchased over the requisite service period. We recognize the effect of forfeitures in compensation cost when they occur and any previously recognized compensation cost for an award is reversed in the period that the award is forfeited.

Fair value is determined on the date of the grant. The fair value of restricted stock is determined using the stock price on the grant date. The fair value of options or awards containing options is determined using the Black-Scholes valuation model or the Monte-Carlo simulation pricing model. The fair value of the performance awards related to market performance conditions is determined using a Monte-Carlo simulation pricing model. The fair value of the ESPP is determined based on the discount element offered to employees and the embedded option element, which is determined using an option calculation model.

We recognize all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) as income tax benefit or expense in the income statement. We treat the tax effects of exercised or vested awards as discrete items in the reporting period in which they occur. Excess tax benefits or deficiencies related to share-based payments are included in operating cash flows on the Consolidated Statements of Cash Flows.

See Note 14 to the Consolidated Financial Statements included herein for additional information related to our equity plans and stock-based compensation.

Revenue Recognition

Funeral and Cemetery Operations Revenue is recognized when control of the merchandise or services is transferred to the customer. Our performance obligations include the delivery of funeral and cemetery merchandise and services and cemetery property interment rights. Control transfers when merchandise is delivered or services are performed. For cemetery property interment rights, control transfers to the customer when the property is developed and the interment right has been sold and can no longer be marketed or sold to another customer. Sales taxes collected are recognized on a net basis in our consolidated financial statements. On our atneed contracts, we generally deliver the merchandise and perform the services at the time of need.

Memorial services frequently include performance obligations to direct the service, provide facilities and motor vehicles, catering, flowers, and stationary products. All other performance obligations on these contracts, including arrangement, removal, preparation, embalming, cremation, interment, and delivery of urns and caskets and related memorialization merchandise are fulfilled at the time of need. Personalized marker merchandise and marker installation services sold on atneed contracts are recognized when control is transferred to the customer, generally when the marker is delivered and installed in the cemetery.

Some of our contracts with customers include multiple performance obligations. For these contracts, we allocate the transaction price to each performance obligation based on its relative standalone selling price, which is based on prices charged to customers per our general price list. Packages for service and ancillary items are offered to help the customer make decisions during emotional and stressful times. Package discounts are reflected net in Revenue. We recognize revenue when the merchandise is transferred or the service is performed, in satisfaction of the corresponding performance obligation. Sales taxes collected are recognized on a net basis in our Consolidated Financial Statements.

Ancillary funeral service revenue, which is recorded in Other revenue, represents revenue from our flower shop, pet cremation and online cremation businesses.

The earnings from our preneed trust investments, as well as trust management fees charged by our wholly-owned registered investment advisory firm (“CSV RIA”) are recorded in Other revenue. As of March 31, 2021, CSV RIA provided investment management and advisory services to approximately 80% of our trust assets, for a fee based on the market value of trust assets. Under state trust laws, we are allowed to charge the trust a fee for advising on the investment of the trust assets and these fees are recognized as income in the period in which services are provided.

Balances due on undelivered preneed funeral trust contracts have been reclassified to reduce Deferred preneed funeral revenue on our Consolidated Balance Sheet of $8.2 million and $8.1 million at December 31, 2020 and March 31, 2021, respectively. As these performance obligations are to be completed after the date of death, we cannot quantify the recognition of revenue in future periods. However, we estimate an average maturity period of ten years for preneed funeral contracts.

Balances due from customers on delivered preneed cemetery contracts are included in Accounts receivable, net and Preneed cemetery receivables, net on our Consolidated Balance Sheet. Balances due on undelivered preneed cemetery contracts have been reclassified to reduce Deferred preneed cemetery revenue on our Consolidated Balance Sheet. The transaction price allocated to preneed merchandise and service performance obligations that were unfulfilled were $7.9 million and $8.5 million at December 31, 2020 and March 31, 2021, respectively. As these performance obligations are to be completed after the date of death, we cannot quantify the recognition of revenue in future periods. However, we estimate an average maturity period of eight years for preneed cemetery contracts.

See Note 16 to the Consolidated Financial Statements herein for additional information related to revenue.

Income Taxes

We and our subsidiaries file a consolidated U. S. federal income tax return, separate income tax returns in 15 states in which we operate and combined or unitary income tax returns in 14 states in which we operate. We record deferred taxes for temporary differences between the tax basis and financial reporting basis of assets and liabilities. We classify our deferred tax liabilities and assets as non-current on our Consolidated Balance Sheet.

We record a valuation allowance to reflect the estimated amount of deferred tax assets for which realization is uncertain. Management reviews the valuation allowance at the end of each quarter and makes adjustments if it is determined that it is more likely than not that the tax benefits will be realized.

We analyze tax benefits for uncertain tax positions and how they are to be recognized, measured, and derecognized in the financial statements; provide certain disclosures of uncertain tax matters; and specify how reserves for uncertain tax positions should be classified on our Consolidated Balance Sheet.

The Consolidated Appropriations Act was signed into law on December 27, 2020. This Act included several tax provisions directly benefiting individual and corporate taxpayers. The primary benefit in this legislation is a temporary allowance for full deduction for business meals paid or incurred between December 31, 2020 and January 1, 2023.

We filed carryback refund claims for the 2018 and 2019 tax years as allowed by the legislative changes included in the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was enacted March 27, 2020. As a result of requesting a tax refund in excess of $5 million, we must receive Joint Committee approval and undergo an audit for the tax year ending December 31, 2018. This audit is currently in progress. In 2020, the 2018 tax return was amended to take full advantage of the CARES Act legislative benefits resulting in additional losses that increase the amount of our carryback refund claim. The majority of the net operating losses generated in 2018 are the result of filing non-automatic accounting method changes relating to the recognition of revenue from our cemetery property and merchandise and services sales. Due to the uncertainty of receiving Internal Revenue Service (“IRS”) approval regarding our non-automatic accounting method changes, a reserve has been recorded against the benefit derived from this carrying back that the net operating losses generated. At both December 31, 2020 and March 31, 2021, the reserve for uncertain tax positions was $3.7 million.

Income tax expense during interim periods is based on our forecasted annual effective tax rate plus any discrete items, which are recorded in the period in which they occur. Discrete items include, but are not limited to, such events as changes in estimates due to finalization of income tax returns, tax audit settlements, tax effects of exercised or vested stock-based awards and increases or decreases in valuation allowances on deferred tax assets.

Our income tax benefit was $2.2 million for the three months ended March 31, 2020 compared to an income tax expense of $5.6 million for the three months ended March 31, 2021. Our operating tax rate before discrete items was 33.6% and 31.0% for the three months ended March 31, 2020 and 2021, respectively.

Computation of Earnings Per Common Share

Basic earnings per share is computed using the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted average number of common and dilutive common equivalent shares outstanding during the period. Dilutive common equivalent shares consist of stock options.

Share-based awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are recognized as participating securities and included in the computation of both basic and diluted earnings per share. Our grants of restricted stock awards to our employees and directors are considered participating securities, and we have prepared our earnings per share calculations attributable to common stockholders to exclude outstanding unvested restricted stock awards, using the two-class method, in both the basic and diluted weighted average shares outstanding calculation.

See Note 15 to the Consolidated Financial Statements included herein related to the computation of earnings per share.

Subsequent Events

We have evaluated events and transactions during the period subsequent to March 31, 2021 through the date the financial statements were issued for potential recognition or disclosure in the accompanying financial statements covered by this report.

See Note 18 to the Consolidated Financial Statements included herein for additional information related to our subsequent events.

Trust Investments (Components of preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 92,363	$ 86,604
Preneed Cemetery Trust Investments [Member]
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	94,882	89,081
Less: allowance for contract cancellation	(2,519)	(2,477)
Preneed cemetery trust investments	92,363	86,604
Available-for-sale Securities, Amortized Cost Basis	83,953	82,573
Unrealized Gains	14,424	13,856
Unrealized Losses	(4,716)	(8,341)
Fair Market Value	93,661	88,088
Preneed Cemetery Trust Investments [Member] \| Fair Value, Inputs, Level 2 [Member] \| Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Available-for-sale Securities, Amortized Cost Basis	27
Unrealized Gains	1
Unrealized Losses	0
Fair Market Value	28
Preneed Funeral Trust Investments [Member]
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	108,131	104,166
Less: allowance for contract cancellation	(2,930)	(2,931)
Available-for-sale Securities, Amortized Cost Basis	97,681	97,700
Unrealized Gains	13,504	13,125
Unrealized Losses	(4,185)	(7,570)
Fair Market Value	107,000	$ 103,255
Preneed Funeral Trust Investments [Member] \| Fair Value, Inputs, Level 2 [Member] \| Equity Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Available-for-sale Securities, Amortized Cost Basis	26
Unrealized Gains	1
Unrealized Losses	0
Fair Market Value	$ 27

SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Disaggregation of Revenue

Revenue, disaggregated by major source for each of our reportable segments was as follows (in thousands):


Three months ended March 31, 2021
	Funeral		Cemetery		Total
Services	$	43,522	$	4,235	$	47,757
Merchandise	24,461		3,424		27,885
Cemetery property	—		14,011		14,011
Other revenue	3,791		3,193		6,984
Total	$	71,774	$	24,863	$	96,637


Three months ended March 31, 2020
	Funeral		Cemetery		Total
Services	$	37,559	$	3,173	$	40,732
Merchandise	20,700		2,286		22,986
Cemetery property	—		8,285		8,285
Other revenue	3,483		2,004		5,487
Total	$	61,742	$	15,748	$	77,490

Revenue, pre-tax income and total and total assets by segments


	Funeral		Cemetery		Corporate		Consolidated



Operating income (loss):
Three months ended March 31, 2021	$	25,876	$	9,493	$	(9,123)	$	26,246
Three months ended March 31, 2020	4,311		4,167		(6,328)		2,150




Income (loss) before income taxes:
Three months ended March 31, 2021	$	25,718	$	9,476	$	(16,620)	$	18,574
Three months ended March 31, 2020	4,119		4,105		(14,571)		(6,347)




Total assets:
March 31, 2021	$	763,761	$	378,945	$	15,020	$	1,157,726
December 31, 2020	764,535		366,964		14,326		1,145,825

Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	$ 96,637	$ 77,490
Funeral And Cemetery Services [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	47,757	40,732
Merchandise [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	27,885	22,986
Cemetery Interment Rights [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	14,011	8,285
Other Revenue [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	6,984	5,487
Funeral
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	71,774	61,742
Funeral \| Funeral And Cemetery Services [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	43,522	37,559
Funeral \| Merchandise [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	24,461	20,700
Funeral \| Cemetery Interment Rights [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	0	0
Funeral \| Other Revenue [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	3,791	3,483
Cemetery
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	24,863	15,748
Cemetery \| Funeral And Cemetery Services [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	4,235	3,173
Cemetery \| Merchandise [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	3,424	2,286
Cemetery \| Cemetery Interment Rights [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	14,011	8,285
Cemetery \| Other Revenue [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total	$ 3,193	$ 2,004

- Definition

+ References

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net income	$ 12,933	$ (4,197)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,942	4,549
Provision for bad debt and credit losses	588	690
Stock-based compensation expense	1,307	831
Deferred income tax expense	1,514	3,596
Amortization of deferred financing costs	193	200
Amortization of capitalized commissions and non-compete agreements	152	141
Accretion of discount on convertible subordinated notes	20	65
Accretion of debt discount, net of debt premium on senior notes	80	75
Net loss (gain) on divestiture and impairment charges	(308)	14,693
Net loss on disposal of other assets	329	60
Other	0	19
Changes in operating assets and liabilities that provided (required) cash:
Accounts and preneed receivables	(1,521)	2,179
Inventories, prepaid and other current assets	(153)	(8,748)
Intangible and other non-current assets	(291)	(290)
Preneed funeral and cemetery trust investments	(2,952)	(2,890)
Accounts payable	(1,712)	(2,133)
Accrued and other liabilities	6,853	(114)
Deferred preneed funeral and cemetery revenue	1,183	1,080
Deferred preneed funeral and cemetery receipts held in trust	3,486	3,553
Net cash provided by operating activities	26,811	13,546
Cash flows from investing activities:
Acquisition of businesses	0	(28,000)
Proceeds from divestitures and sale of other assets	2,800	78
Capital expenditures	(4,347)	(2,738)
Net cash used in investing activities	(1,897)	(30,660)
Cash flows from financing activities:
Borrowings from the credit facility	15,168	63,200
Payments against the credit facility	(34,068)	(33,000)
Conversions and maturity of the convertible subordinated notes due 2021	(3,980)	0
Payments on acquisition debt and obligations under finance leases	(233)	(487)
Payments on contingent consideration recorded at acquisition date	(461)	(169)
Proceeds from the exercise of stock options and employee stock purchase plan	625	361
Taxes paid on restricted stock vestings and exercise of stock options	(642)	(234)
Dividends paid on common stock	(1,799)	(1,339)
Net cash provided by (used in) financing activities	(25,397)	28,318
Net increase (decrease) in cash and cash equivalents	(483)	11,204
Cash and cash equivalents at beginning of period	889	716
Cash and cash equivalents at end of period	406	11,920
Senior Notes [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred financing costs	74	67
Cash flows from financing activities:
Payments of debt issuance costs and transaction costs	(7)	(14)
Senior Notes [Member] \| Senior Note Two [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of debt discount, net of debt premium on senior notes	58	54
Convertible Subordinated Notes [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred financing costs	$ 1	$ 6

Trust Investments (Purchases and sales of investments in preneed cemetery trusts) (Details) - Preneed Cemetery Trust Investments [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (8,411)	$ (18,857)
Sales	$ 8,049	$ 13,231

Revenue From Contracts With Customers (Tables)

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

Revenue, disaggregated by major source for each of our reportable segments was as follows (in thousands):


Three months ended March 31, 2021
	Funeral		Cemetery		Total
Services	$	43,522	$	4,235	$	47,757
Merchandise	24,461		3,424		27,885
Cemetery property	—		14,011		14,011
Other revenue	3,791		3,193		6,984
Total	$	71,774	$	24,863	$	96,637


Three months ended March 31, 2020
	Funeral		Cemetery		Total
Services	$	37,559	$	3,173	$	40,732
Merchandise	20,700		2,286		22,986
Cemetery property	—		8,285		8,285
Other revenue	3,483		2,004		5,487
Total	$	61,742	$	15,748	$	77,490

SEGMENT REPORTING

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

SEGMENT REPORTING

Revenue, disaggregated by major source for each of our reportable segments was as follows (in thousands):


Three months ended March 31, 2021
	Funeral		Cemetery		Total
Services	$	43,522	$	4,235	$	47,757
Merchandise	24,461		3,424		27,885
Cemetery property	—		14,011		14,011
Other revenue	3,791		3,193		6,984
Total	$	71,774	$	24,863	$	96,637


Three months ended March 31, 2020
	Funeral		Cemetery		Total
Services	$	37,559	$	3,173	$	40,732
Merchandise	20,700		2,286		22,986
Cemetery property	—		8,285		8,285
Other revenue	3,483		2,004		5,487
Total	$	61,742	$	15,748	$	77,490

The following table presents operating income (loss), income (loss) before income taxes and total assets (in thousands):


	Funeral		Cemetery		Corporate		Consolidated



Operating income (loss):
Three months ended March 31, 2021	$	25,876	$	9,493	$	(9,123)	$	26,246
Three months ended March 31, 2020	4,311		4,167		(6,328)		2,150




Income (loss) before income taxes:
Three months ended March 31, 2021	$	25,718	$	9,476	$	(16,620)	$	18,574
Three months ended March 31, 2020	4,119		4,105		(14,571)		(6,347)




Total assets:
March 31, 2021	$	763,761	$	378,945	$	15,020	$	1,157,726
December 31, 2020	764,535		366,964		14,326		1,145,825

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Trust Investments (Cost and fair market values associated with preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Preneed Cemetery Trust Investments [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 83,953	$ 82,573
Unrealized Gains	14,424	13,856
Unrealized Losses	(4,716)	(8,341)
Fair Market Value	93,661	88,088
Preneed cemetery trust investments	$ 94,882	$ 89,081
Preneed cemetery trust investments, fair market value as a percentage of cost (in Percent)	111.60%	106.70%
Preneed Cemetery Trust Investments [Member] \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Cost		$ 272
Unrealized Gains		0
Unrealized Losses		(159)
Fair Market Value		113
Preneed Cemetery Trust Investments [Member] \| Accrued Investment Income [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 1,221	993
Fair Market Value	1,221	993
Preneed Funeral Trust Investments [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	97,681	97,700
Unrealized Gains	13,504	13,125
Unrealized Losses	(4,185)	(7,570)
Fair Market Value	107,000	103,255
Preneed cemetery trust investments	$ 108,131	$ 104,166
Preneed cemetery trust investments, fair market value as a percentage of cost (in Percent)	109.50%	105.70%
Preneed Funeral Trust Investments [Member] \| Accrued Investment Income [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 1,131	$ 911
Fair Market Value	1,131	911
Fair Value, Inputs, Level 1 [Member] \| Preneed Cemetery Trust Investments [Member] \| Cash and money market accounts [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,464	1,859
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	1,464	1,859
Fair Value, Inputs, Level 1 [Member] \| Preneed Cemetery Trust Investments [Member] \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	31,925	30,253
Unrealized Gains	7,912	7,642
Unrealized Losses	(3,508)	(6,601)
Fair Market Value	36,329	31,294
Fair Value, Inputs, Level 1 [Member] \| Preneed Funeral Trust Investments [Member] \| Cash and money market accounts [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	18,119	18,478
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	18,119	18,478
Fair Value, Inputs, Level 1 [Member] \| Preneed Funeral Trust Investments [Member] \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	29,618	28,327
Unrealized Gains	7,546	7,364
Unrealized Losses	(3,120)	(6,052)
Fair Market Value	34,044	29,639
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Debt Security, Government, Non-US [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	15,996	15,953
Unrealized Gains	2,244	2,083
Unrealized Losses	(620)	(702)
Fair Market Value	17,620	17,334
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Corporate Debt [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	14,509	14,856
Unrealized Gains	1,849	1,820
Unrealized Losses	(91)	(358)
Fair Market Value	16,267	16,318
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Preferred Stock [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	11,922	11,886
Unrealized Gains	689	980
Unrealized Losses	(360)	(336)
Fair Market Value	12,251	12,530
Fair Value, Inputs, Level 2 [Member] \| Preneed Cemetery Trust Investments [Member] \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	0
Unrealized Gains	0
Unrealized Losses	0
Fair Market Value	0
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Debt Security, Government, Non-US [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	14,959	15,144
Unrealized Gains	2,142	2,018
Unrealized Losses	(551)	(634)
Fair Market Value	16,550	16,528
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Corporate Debt [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,826	13,292
Unrealized Gains	1,639	1,638
Unrealized Losses	(87)	(310)
Fair Market Value	14,378	14,620
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Preferred Stock [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,816	10,944
Unrealized Gains	637	900
Unrealized Losses	(340)	(298)
Fair Market Value	$ 11,113	11,546
Fair Value, Inputs, Level 2 [Member] \| Preneed Funeral Trust Investments [Member] \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Cost		293
Unrealized Gains		1
Unrealized Losses		(155)
Fair Market Value		$ 139

Trust Investments (Estimated maturities of fixed preneed cemetery trust income securities) (Details) - Preneed Cemetery Trust Investments [Member] $ in Thousands	Mar. 31, 2021 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 0
Due in one to five years	13,602
Due in five to ten years	8,505
Thereafter	24,031
Total	$ 46,138

Basis of Presentation and Summary of Significant Accounting Policies Preneed Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Preneed cemetery receivables	$ 48,897	$ 47,222
Less: balances due on undelivered cemetery preneed contracts	(8,540)	(7,919)
Preneed cemetery receivables, net	$ 21,533	$ 21,081

Trust Investments (Purchases and sales of investments in the perpetual care trusts) (Details) - Preneed Funeral Trust Investments [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Gain (Loss) on Securities [Line Items]
Purchases	$ (6,137)	$ (14,612)
Sales	$ 5,956	$ 12,694

Receivables from Preneed Trusts (Receivables from preneed funeral trust funds) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Receivables From Preneed Trusts [Abstract]
Preneed trust funds, at cost	$ 17,502	$ 17,365
Less: Allowance for contract cancellation	(526)	(521)
Receivables from preneed trusts, net	$ 16,976	$ 16,844

Trust Investments (Purchases and sales of investments in preneed funeral trusts) (Details) - Preneed Funeral Trust Investments [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (7,628)	$ (18,538)
Sales	$ 7,524	$ 15,968

Basis of Presentation and Summary of Significant Accounting Policies Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) before income taxes	$ 18,574	$ (6,347)
Income Tax Expense (Benefit)	$ (5,758)	$ 2,136
Income taxes before discrete items	31.00%	33.60%
Total benefit for income taxes	$ 5,641	$ (2,150)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Senior Notes (Details) - USD ($)		3 Months Ended
Senior Notes (Details) - USD ($)	May 31, 2018	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Repayments of Long-term Lines of Credit		$ 34,068,000	$ 33,000,000
Accumulated Amortization, Debt Premium		279,000		$ 221,000
Accumulated Amortization, Debt Issuance Costs		937,000		819,000
Accretion of debt discount, net of debt premium on senior notes		80,000	75,000
Credit Facility amortization of debt issuance costs		$ 193,000	$ 200,000
Redemption period		180 days
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Term			62 months
Principal amount		$ 400,000,000		400,000,000
Accumulated amortization, debt discount		1,431,000		1,293,000
Accumulated Amortization, Debt Issuance Costs		570,000		$ 496,000
Long-term Debt, Fair Value		417,600,000
Acquisition debt imputed interest expense		6,625,000	$ 6,625,000
Credit Facility amortization of debt issuance costs		$ 74,000	67,000
Senior Notes [Member] \| Period One
Debt Instrument [Line Items]
Redemption price percentage	100.00%
Percentage of principal amount redeemed	40.00%
Senior Notes [Member] \| Period Two
Debt Instrument [Line Items]
Redemption price percentage	106.625%
Percentage of principal amount redeemed	60.00%
Senior Notes [Member] \| Period Three
Debt Instrument [Line Items]
Redemption price percentage	101.00%
Senior Notes [Member] \| Period Four
Debt Instrument [Line Items]
Redemption price percentage	100.00%
Senior Notes [Member] \| Senior Note One [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period		6.69%
Debt Instrument, Discount Rate		6.87%
Accretion of debt discount, net of debt premium on senior notes		$ 138,000	129,000
Senior Notes [Member] \| Senior Note Two [Member]
Debt Instrument [Line Items]
Stated interest rate percentage		6.625%
Debt Instrument, Interest Rate During Period		6.88%
Debt Instrument, Discount Rate		6.20%
Accretion of debt discount, net of debt premium on senior notes		$ 58,000	$ 54,000

Trust Investments (Unrealized losses on preneed funeral trust investments) (Details) - Preneed Funeral Trust Investments [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months	$ 6,725	$ 3,494
In Loss Position Less than 12 months	(420)	(238)
In Loss Position Greater than 12 months	1,709	4,918
In Loss Position Greater than 12 months	(558)	(1,159)
Total	8,434	8,412
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(978)	(1,397)
Foreign debt
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months	2,270	2,225
In Loss Position Less than 12 months	(100)	(55)
In Loss Position Greater than 12 months	456	337
In Loss Position Greater than 12 months	(451)	(579)
Total	2,726	2,562
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(551)	(634)
Corporate Debt [Member]
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months	705	763
In Loss Position Less than 12 months	(9)	(96)
In Loss Position Greater than 12 months	654	528
In Loss Position Greater than 12 months	(78)	(214)
Total	1,359	1,291
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(87)	(310)
Preferred stock
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months	3,750	506
In Loss Position Less than 12 months	(311)	(87)
In Loss Position Greater than 12 months	599	3,942
In Loss Position Greater than 12 months	(29)	(211)
Total	4,349	4,448
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (340)	(298)
Collateralized Mortgage Backed Securities [Member]
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months		0
In Loss Position Less than 12 months		0
In Loss Position Greater than 12 months		111
In Loss Position Greater than 12 months		(155)
Total		111
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss		$ (155)

SEGMENT REPORTING (Revenue, pre-tax income and total and total assets by segments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 96,637	$ 77,490
Operating Income (Loss)	26,246	2,150
Income before income taxes	18,574	(6,347)
Total assets	1,157,726		$ 1,145,825
Funeral
Segment Reporting Information [Line Items]
Revenues	71,774	61,742
Operating Income (Loss)	25,876	4,311
Income before income taxes	25,718	4,119
Total assets	763,761		764,535
Cemetery
Segment Reporting Information [Line Items]
Revenues	24,863	15,748
Operating Income (Loss)	9,493	4,167
Income before income taxes	9,476	4,105
Total assets	378,945		366,964
Corporate [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	(9,123)	(6,328)
Income before income taxes	(16,620)	(14,571)
Total assets	15,020		$ 14,326
Funeral And Cemetery Services [Member]
Segment Reporting Information [Line Items]
Revenues	47,757	40,732
Funeral And Cemetery Services [Member] \| Funeral
Segment Reporting Information [Line Items]
Revenues	43,522	37,559
Funeral And Cemetery Services [Member] \| Cemetery
Segment Reporting Information [Line Items]
Revenues	4,235	3,173
Merchandise [Member]
Segment Reporting Information [Line Items]
Revenues	27,885	22,986
Merchandise [Member] \| Funeral
Segment Reporting Information [Line Items]
Revenues	24,461	20,700
Merchandise [Member] \| Cemetery
Segment Reporting Information [Line Items]
Revenues	3,424	2,286
Cemetery Interment Rights [Member]
Segment Reporting Information [Line Items]
Revenues	14,011	8,285
Cemetery Interment Rights [Member] \| Funeral
Segment Reporting Information [Line Items]
Revenues	0	0
Cemetery Interment Rights [Member] \| Cemetery
Segment Reporting Information [Line Items]
Revenues	14,011	8,285
Other Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	6,984	5,487
Other Revenue [Member] \| Funeral
Segment Reporting Information [Line Items]
Revenues	3,791	3,483
Other Revenue [Member] \| Cemetery
Segment Reporting Information [Line Items]
Revenues	$ 3,193	$ 2,004

Convertible Subordinated Notes (Details) - USD ($)	3 Months Ended
Convertible Subordinated Notes (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020	Mar. 12, 2021	Dec. 31, 2020	Sep. 09, 2020	Mar. 19, 2014
Carrying Values of Liability and Equity Components, Convertible Subordinated Notes
Credit Facility amortization of debt issuance costs	$ 193,000	$ 200,000
Accumulated Amortization, Debt Issuance Costs	$ 937,000			$ 819,000
Convertible Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Discount Rate		11.40%
Debt Instrument, Unamortized Debt Issuance Costs	3.10%	3.20%
Stated interest rate percentage						2.75%
Carrying Values of Liability and Equity Components, Convertible Subordinated Notes
Convertible subordinated notes, principal amount				2,559,000
Unamortized discount of liability component	$ 0			(20,000)
Debt issuance costs	0			(1,000)
Carrying value of the liability component	0		$ 200,000	2,538,000	$ 0
Carrying value of the equity component	0			319,000
Contractual coupon interest expense	18,000	$ 43,000
Accretion of discount, convertible subordinated notes	20,000	65,000
Credit Facility amortization of debt issuance costs	1,000	$ 6,000
Accumulated Amortization, Debt Issuance Costs	$ 64,000			$ 63,000

CREDIT FACILITY AND ACQUISITION DEBT

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

CREDIT FACILITY AND ACQUISITION DEBT

DEBT

At March 31, 2021, our $190.0 million senior secured revolving credit facility (the “Credit Facility”) was comprised of: (i) a $190.0 million revolving credit facility, including a $15.0 million subfacility for letters of credit and a $10.0 million swingline, and (ii) an accordion or incremental option allowing for future increases in the facility size by an additional amount of up to $75.0 million in the form of increased revolving commitments or incremental term loans. The final maturity of the Credit Facility will occur on May 31, 2023.

The Credit Facility is secured by a first-priority perfected security interest in and lien on substantially all of the Company’s personal property assets and those of the Credit Facility Guarantors. In the event the Company’s actual Total Leverage Ratio is not at least 0.25 less than the required Total Leverage Ratio covenant level, at the discretion of the Administrative Agent, the Administrative Agent may unilaterally compel the Company and the Credit Facility Guarantors to grant and perfect first-priority mortgage liens on fee-owned real property assets which account for no less than 50% of funeral operations EBITDA.

The Credit Facility contains customary affirmative covenants, including, but not limited to, covenants with respect to the use of proceeds, payment of taxes and other obligations, continuation of the Company’s business and the maintenance of existing rights and privileges, the maintenance of property and insurance, amongst others.

In addition, the Credit Facility also contains customary negative covenants, including, but not limited to, covenants that restrict (subject to certain exceptions) the ability of the Company and its subsidiaries party thereto as guarantors (the “Credit Facility Guarantors”) to incur additional indebtedness, grant liens on assets, make investments, engage in mergers and acquisitions, and pay dividends and other restricted payments, and certain financial covenants. As of March 31, 2021, we were subject to the following financial covenants under our Credit Facility: (A) a Total Leverage Ratio not to exceed 5.50 to 1.00, (B) a Senior Secured Leverage Ratio (as defined in the Credit Facility) not to exceed 2.00 to 1.00 as of the end of any period of four consecutive fiscal quarters, and (C) a Fixed Charge Coverage Ratio (as defined in the Credit Facility) of not less than 1.20 to 1.00 as of the end of any period of four consecutive fiscal quarters. These financial maintenance covenants are calculated for the Company and its subsidiaries on a consolidated basis.

We were in compliance with the total leverage ratio, fixed charge coverage ratio and senior secured leverage ratio covenants contained in our Credit Facility as of March 31, 2021.

Our Credit Facility and Acquisition debt consisted of the following (in thousands):


	December 31, 2020		March 31, 2021
Credit Facility	$	47,200	$	28,300
Debt issuance costs, net of accumulated amortization of $819 and $937, respectively	(1,136)		(1,018)
Total Credit Facility	$	46,064	$	27,282

Acquisition debt	$	5,509	$	5,355
Less: current portion	(1,027)		(913)
Total acquisition debt, net of current portion	$	4,482	$	4,442

At March 31, 2021, we had outstanding borrowings under the Credit Facility of $28.3 million. We also had one letter of credit for $2.1 million outstanding under the Credit Facility, which bears interest at 3.125% and will expire on November 25, 2021. The letter of credit will automatically renew annually and secures our obligations under our various self-insured policies. At March 31, 2021, we had $159.6 million of availability under the Credit Facility after giving effect to the $2.1 million of the outstanding letter of credit.

Outstanding borrowings under our Credit Facility bear interest at either a prime rate or a LIBOR rate, plus an applicable margin based upon our leverage ratio. At March 31, 2021, the prime rate margin was equivalent to 1.5% and the LIBOR rate margin was 2.5%. The weighted average interest rate on our Credit Facility was 4.3% and 3.3% for the three months ended March 31, 2020 and 2021, respectively.

The interest expense and amortization of debt issuance costs related to our Credit Facility are as follows (in thousands):


	Three months ended March 31,
	2020		2021
Credit Facility interest expense	$	1,230	$	445
Credit Facility amortization of debt issuance costs	126		118

See Note 18 to the Consolidated Financial Statements herein for additional information related to our Credit Facility.

Acquisition debt consists of deferred purchase price and promissory notes payable to sellers. A majority of the deferred purchase price and notes bear no interest and are discounted at imputed interest rates ranging from 7.3% to 10.0%. Original maturities range from five to twenty years.

The imputed interest expense related to our acquisition debt is as follows (in thousands):


	Three months ended March 31,
	2020		2021
Acquisition debt imputed interest expense	$	127	$	97

- Cash flow (Details) - USD ($) $ in Thousands	3 Months Ended
- Cash flow (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Cash paid for operating leases included in operating activities	$ 965	$ 696
Cash paid for finance leases included in financing activities	$ 209	$ 200

Receivables (Tables)

3 Months Ended

Mar. 31, 2021

Preneed Cemetery Receivables [Abstract]

Preneed Cemetery Receivables

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net (in thousands):


	January 1, 2021		Provision for Credit Losses		Write Offs		March 31, 2021
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,644)	$	(246)	$	25	$	(1,865)

Aging of Past Due Financing Receivables

The aging of past due preneed cemetery receivables as of March 31, 2021 is as follows (in thousands):


	31-60 Past Due		61-90 Past Due		91-120 Past Due		>120 Past Due		Total Past Due		Current		Total
Recognized revenue	$	623	$	404	$	194	$	1,990	$	3,211	$	32,953	$	36,164
Deferred revenue	184		140		46		600		970		11,763		12,733
Total contracts	$	807	$	544	$	240	$	2,590	$	4,181	$	44,716	$	48,897

Convertible Subordinated Notes (Tables)

3 Months Ended

Mar. 31, 2021

Convertible Subordinated Notes [Abstract]

Schedule of Liability and Equity Components of Convertible Subordinated Notes

The carrying values of the liability and equity components of our Convertible Notes are reflected on our Consolidated Balance Sheet as follows (in thousands):


	December 31, 2020		March 31, 2021
Current liabilities:
Principal amount	$	2,559	$	—
Unamortized discount of liability component	(20)		—
Convertible Notes issuance costs, net of accumulated amortization of $63 and $64, respectively	(1)		—
Carrying value of the liability component	$	2,538	$	—

Carrying value of the equity component	$	319	$	—