0001016281-22-000120 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2022	Oct. 28, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
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		14,714,808
Entity Central Index Key	0001016281
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 821	$ 1,148
Accounts receivable, net	23,352	25,314
Inventories	7,675	7,346
Prepaid and other current assets	4,131	6,404
Total current assets	35,979	40,212
Preneed cemetery trust investments	87,030	100,903
Preneed funeral trust investments	98,638	113,658
Preneed cemetery receivables, net	25,873	23,150
Receivables from preneed funeral trusts, net	20,119	19,009
Property, plant and equipment, net	275,977	269,367
Cemetery property, net	101,691	100,701
Goodwill	393,765	391,972
Intangible and other non-current assets, net	30,451	29,378
Operating lease right-of-use assets	17,295	17,881
Cemetery perpetual care trust investments	60,569	72,400
Total assets	1,147,387	1,178,631
Current liabilities:
Current portion of debt and lease obligations	3,104	2,809
Accounts payable	9,325	14,205
Accrued and other liabilities	37,123	43,773
Total current liabilities	49,552	60,787
Acquisition debt, net of current portion	3,846	3,979
Credit facility	167,410	153,857
Senior notes	395,082	394,610
Obligations under finance leases, net of current portion	4,842	5,157
Obligations under operating leases, net of current portion	17,638	18,520
Deferred preneed cemetery revenue	52,173	50,202
Deferred preneed funeral revenue	32,006	30,584
Deferred tax liability	47,483	45,784
Other long-term liabilities	2,700	1,419
Deferred preneed cemetery receipts held in trust	87,030	100,903
Deferred preneed funeral receipts held in trust	98,638	113,658
Care trusts’ corpus	60,067	71,156
Total liabilities	1,018,467	1,050,616
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,264,245 and 26,341,132 shares issued, respectively and 15,331,923 and 14,713,314 shares outstanding, respectively	263	263
Additional paid-in capital	238,787	236,809
Retained earnings	168,623	135,462
Treasury stock, at cost; 10,932,322 and 11,627,818 shares, respectively	(278,753)	(244,519)
Total stockholders’ equity	128,920	128,015
Total liabilities and stockholders’ equity	$ 1,147,387	$ 1,178,631

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
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	26,341,132	26,264,245
Common stock, shares outstanding	15,331,923	14,713,314
Treasury stock, shares	11,627,818	10,932,322

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 87,497	$ 95,041	$ 276,258	$ 279,955
Field costs and expenses:
Cemetery property amortization	1,278	1,521	4,314	5,213
Field depreciation expense	3,281	3,154	9,831	9,432
Regional and unallocated funeral and cemetery costs	5,096	6,812	17,409	18,655
Other expenses	1,259	1,235	3,807	3,758
Total field costs and expenses	61,899	61,877	188,470	182,803
Gross profit	25,598	33,164	87,788	97,152
Corporate costs and expenses:
General, administrative and other	10,383	9,041	28,123	25,340
Net (gain) loss on divestitures, disposals and impairments charges	(7)	858	(433)	1,377
Operating income	15,222	23,265	60,098	70,435
Interest expense	(6,678)	(5,076)	(18,208)	(20,138)
Accretion of discount on convertible subordinated notes	0	0	0	(20)
Loss on extinguishment of debt	0	0	0	(23,807)
Gain on insurance reimbursements	0	0	3,275	0
Other, net	95	(21)	78	(87)
Income before income taxes	8,639	18,168	45,243	26,383
Expense for income taxes	(2,640)	(5,125)	(12,578)	(7,466)
Tax adjustment related to discrete items	(139)	3	496	895
Total expense for income taxes	(2,779)	(5,122)	(12,082)	(6,571)
Net income	$ 5,860	$ 13,046	$ 33,161	$ 19,812
Earnings Per Share, Basic and Diluted [Abstract]
Basic earnings (loss) per common share (in dollars per share)	$ 0.40	$ 0.74	$ 2.22	$ 1.11
Diluted earnings (loss) per common share (in dollars per share)	0.38	0.71	2.09	1.08
Dividends declared per common share (in dollars per Share)	$ 0.1125	$ 0.1000	$ 0.3375	$ 0.3000
Weighted average number of common and common equivalent shares outstanding:
Basic (in Shares)	14,689	17,499	14,908	17,809
Diluted (in Shares)	15,537	18,246	15,849	18,365
Retained Earnings
Corporate costs and expenses:
Net income	$ 5,860	$ 13,046	$ 33,161	$ 19,812
Service revenue
Segment Reporting Information [Line Items]
Revenues	42,992	46,210	135,279	134,086
Field costs and expenses:
Cost of Goods and Services Sold	22,317	20,523	65,805	61,073
Property and merchandise revenue
Segment Reporting Information [Line Items]
Revenues	37,607	42,043	120,495	125,545
Field costs and expenses:
Cost of Goods and Services Sold	28,668	28,632	87,304	84,672
Other revenue
Segment Reporting Information [Line Items]
Revenues	$ 6,898	$ 6,788	$ 20,484	$ 20,324

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Cash Flows [Abstract]
Net income	$ 33,161	$ 19,812
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14,611	15,486
Provision for credit losses	2,292	1,426
Stock-based compensation expense	4,577	3,832
Deferred income tax expense (benefit)	1,699	(3,433)
Amortization of intangibles	957	968
Amortization of debt issuance costs	397	459
Amortization and accretion of debt	368	319
Loss on extinguishment of debt	0	23,807
Net (gain) loss on divestitures, disposals and impairment charges	(433)	1,558
Gain on insurance reimbursements	(3,275)	0
Other	(153)	0
Changes in operating assets and liabilities that provided (used) cash:
Accounts and preneed receivables	(3,053)	(4,387)
Inventories, prepaid and other current assets	2,785	(266)
Intangible and other non-current assets	(1,381)	(887)
Preneed funeral and cemetery trust investments	(12,585)	(23,355)
Accounts payable	(2,451)	(845)
Accrued and other liabilities	(3,080)	9,643
Deferred preneed funeral and cemetery revenue	2,852	3,587
Deferred preneed funeral and cemetery receipts held in trust	12,758	21,975
Net cash provided by operating activities	50,046	69,699
Cash flows from investing activities:
Acquisitions of businesses and real estate	(8,876)	(3,285)
Proceeds from divestitures and sale of other assets	4,313	4,375
Proceeds from insurance reimbursements	2,209	2,946
Capital expenditures	(20,346)	(15,252)
Net cash used in investing activities	(22,700)	(11,216)
Cash flows from financing activities:
Borrowings from the credit facility	114,600	154,968
Payments against the credit facility	(101,000)	(115,268)
Payment to redeem the 6.625% senior notes due 2026	0	(400,000)
Payment of call premium for the redemption of the 6.625% senior notes due 2026	0	19,876
Proceeds from the issuance of the 4.25% senior notes due 2029	0	395,500
Payment of debt issuance costs for the credit facility and the 4.25% senior notes due 2029	(339)	(2,054)
Conversions and maturity of the convertible notes	0	(3,980)
Payments on acquisition debt and obligations under finance leases	(314)	(658)
Payments on contingent consideration recorded at acquisition date	0	(461)
Proceeds from the exercise of stock options and employee stock purchase plan contributions	1,438	2,107
Taxes paid on restricted stock vestings and exercises of stock options	(287)	(1,433)
Dividends paid on common stock	(5,108)	(5,390)
Purchase of treasury stock	(36,663)	(61,739)
Net cash used in financing activities	(27,673)	(58,284)
Net increase (decrease) in cash and cash equivalents	(327)	199
Cash and cash equivalents at beginning of period	1,148	889
Cash and cash equivalents at end of period	$ 821	$ 1,088

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Director	Common stock	Common stock Director	Additional Paid-in Capital	Additional Paid-in Capital Director	Retained Earnings	Treasury Stock
Beginning balance, shares outstanding at Dec. 31, 2020			17,995,000
Beginning Balance at Dec. 31, 2020	$ 240,502		$ 260		$ 239,989		$ 102,303	$ (102,050)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	19,812						19,812
Isuuance of common stock, shares			47,000	13,000
Issuance of common stock	$ 1,228	$ 495	$ 1		1,227	$ 495
Exercise of stock options, shares	314,294		127,000
Exercise of stock options	$ (177)		$ 1		(178)
Issuance of restricted common stock, shares			9,000
Cancellation and retirement of restricted common stock, shares			(11,000)
Cancellation and surrender of restricted common stock	(375)				(375)
Stock-based compensation expense	3,337				3,337
Dividends on common stock	(5,390)				(5,390)
Convertible notes conversions	$ (1,424)				(1,424)
Treasury stock acquired, shares	(1,528,197)		(1,528,000)
Treasury stock acquired	$ (65,540)							(65,540)
Ending balance, shares outstanding at Sep. 30, 2021			16,652,000
Ending Balance at Sep. 30, 2021	192,468		$ 262		237,681		122,115	(167,590)
Beginning balance, shares outstanding at Jun. 30, 2021			17,826,000
Beginning Balance at Jun. 30, 2021	232,871		$ 262		237,891		109,069	(114,351)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	13,046						13,046
Isuuance of common stock, shares			15,000	3,000
Issuance of common stock	$ 388	147			388	147
Exercise of stock options, shares	32,665		12,000
Exercise of stock options	$ (82)				(82)
Cancellation and retirement of restricted common stock, shares			(1,000)
Cancellation and surrender of restricted common stock	(28)				(28)
Stock-based compensation expense	1,148				1,148
Dividends on common stock	$ (1,783)				(1,783)
Treasury stock acquired, shares	(1,203,493)		(1,203,000)
Treasury stock acquired	$ (53,239)							(53,239)
Ending balance, shares outstanding at Sep. 30, 2021			16,652,000
Ending Balance at Sep. 30, 2021	192,468		$ 262		237,681		122,115	(167,590)
Beginning balance, shares outstanding at Dec. 31, 2021			15,332,000
Beginning Balance at Dec. 31, 2021	128,015		$ 263		236,809		135,462	(244,519)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	33,161						33,161
Isuuance of common stock, shares			39,000	7,000
Issuance of common stock	$ 1,378	322			1,378	322
Exercise of stock options, shares	18,736		9,000
Exercise of stock options	$ (22)				(22)
Cancellation and retirement of restricted common stock, shares			(6,000)
Cancellation and surrender of restricted common stock	(205)				(205)
Stock-based compensation expense	4,255				4,255
Dividends on common stock	$ (5,108)				(5,108)
Treasury stock acquired, shares	(695,496)		(695,000)
Treasury stock acquired	$ (34,234)							(34,234)
Other, shares			27,000
Other	(1,358)				(1,358)
Ending balance, shares outstanding at Sep. 30, 2022			14,713,000
Ending Balance at Sep. 30, 2022	128,920		$ 263		238,787		168,623	(278,753)
Beginning balance, shares outstanding at Jun. 30, 2022			14,698,000
Beginning Balance at Jun. 30, 2022	122,844		$ 263		238,571		162,763	(278,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	5,860						5,860
Isuuance of common stock, shares			14,000	2,000
Issuance of common stock	$ 377	$ 76			377	$ 76
Exercise of stock options, shares	0
Cancellation and retirement of restricted common stock, shares			(1,000)
Cancellation and surrender of restricted common stock	$ 0
Stock-based compensation expense	1,416				1,416
Dividends on common stock	$ (1,653)				(1,653)
Treasury stock acquired, shares	0
Treasury stock acquired	$ 0
Ending balance, shares outstanding at Sep. 30, 2022			14,713,000
Ending Balance at Sep. 30, 2022	$ 128,920		$ 263		$ 238,787		$ 168,623	$ (278,753)

Basis of Presentation and Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2022

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. Our operations are reported in two business segments: Funeral Home Operations, which currently account for approximately 70% of our revenue and Cemetery Operations, which currently account for approximately 30% of our revenue. At September 30, 2022, we operated 169 funeral homes in 26 states and 31 cemeteries in 11 states.

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, 2021 unless otherwise disclosed herein, and should be read in conjunction therewith.

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 critical estimates and judgments, which include those related to the impairment of goodwill and the fair value measurements used in business combinations. These policies are considered critical because they may result in fluctuations in our reported results from period to period due to the significant judgments, estimates and assumptions about complex and inherently uncertain matters and because the use of different judgments, assumptions or estimates could have a material impact on our financial condition or results of operations. 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 because there can be no assurance the margins, operating income and net earnings, as a percentage of revenue, will be consistent from period to period.

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 also 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 6 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 and nine months ended September 30, 2022, we acquired a business consisting of two funeral homes for $6.3 million. We did not acquire any businesses during the three and nine months ended September 30, 2021.

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

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 consider 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 4 and 5 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.

We performed our annual goodwill impairment test as of August 31, 2022. 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. We conducted qualitative assessments in 2020 and 2021; however, we performed a quantitative assessment in 2022. 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.

Our quantitative goodwill impairment test involves estimates and management judgment. In the quantitative analysis, we compare the fair value of each reporting unit to its carrying value, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, the goodwill of that reporting unit is not considered impaired. We determine fair value for each reporting unit using both an income approach, weighted 90%, and a market approach, weighted 10%. Our methodology for determining an income-based fair value is based on discounting projected future cash flows. The projected future cash flows include assumptions concerning future operating performance and economic conditions that may differ from actual future cash flows discounted at our weighted average cost of capital based on market participant assumptions. Our methodology for determining a market approach fair value utilizes the guideline public company method, in which we rely on market multiples of comparable companies operating in the same industry as the individual reporting units. In accordance with the guidance, if the fair value of the reporting unit is less than its carrying amount an impairment charge is recorded in an amount equal to the difference.

Our 2022 quantitative assessment is not complete at the time of this filing, but we do not expect any impairment to goodwill as a result of our testing. For our 2020 and 2021 annual qualitative assessments, there was no impairment to goodwill as the fair value of our reporting units was greater than the carrying value.

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 value 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 4 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.

We performed our annual intangible assets impairment test as of August 31, 2022. 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. We conducted qualitative assessments in 2020 and 2021; however, we performed a quantitative assessment in 2022. In addition to our intangible assets 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.

Our quantitative intangible asset impairment test involves estimates and management judgment. Our quantitative analysis is performed using the relief from royalty method, which measures the tradenames by determining the value of the royalties that we are relieved from paying due to our ownership of the asset. We determine the fair value of the asset by discounting the cash flows that represent a savings in lieu of paying a royalty fee for use of the tradename. The discounted cash flow valuation uses projections of future cash flows and includes assumptions concerning future operating performance and economic conditions that may differ from actual future cash flows and the determination and application of an appropriate royalty rate and discount rate. To estimate the royalty rates for the individual tradename, we mainly rely on the profit split method, but also consider the comparable third-party license agreements and the return on asset method. A scorecard is used to assess the relative strength of the individual tradename to further adjust the royalty rates selected under the profit-split method for qualitative factors. In accordance with the guidance, if the fair value of the tradename is less than its carrying amount, then an impairment charge is recorded in an amount equal to the difference.

Our 2022 quantitative assessment is not complete at the time of this filing, but we do not expect any impairment to intangible assets as a result of our testing. For our 2020 and 2021 qualitative assessments, there was no impairment to intangibles assets as the fair value of our intangible assets was greater than the carrying value.

See Note 10 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 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. 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.

We also have preneed funeral trust fund assets in trusts that 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, reflected in our financial statements as Receivables from preneed funeral trusts, net.

Our preneed funeral and preneed cemetery merchandise and service trusts are reflected in our financial statements net of an allowance for contract cancellations. We determine this allowance based on our five-year historical experience of contract cancellations. On an ongoing basis, we monitor our historical trend and adjust our allowance accordingly.

See Notes 7 and 8 to the Consolidated Financial Statements herein for additional information related to 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.

See Notes 7 and 9 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 10 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 and right-of-use assets (see discussion of Leases below), are reported at the lower of their carrying amount or fair value and are reviewed for impairment whenever events, such as significant negative industry or economic trends, or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

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


	December 31, 2021		September 30, 2022
Land	$	82,095	$	83,757
Buildings and improvements	240,387		250,890
Furniture, equipment and automobiles	73,377		68,919
Property, plant and equipment, at cost	395,859		403,566
Less: accumulated depreciation	(126,492)		(127,589)
Property, plant and equipment, net	$	269,367	$	275,977

During the nine months ended September 30, 2022, we acquired real property for $5.6 million. Additionally, we sold real property for $3.3 million, with a carrying value of $1.8 million, resulting in a gain on the sale of $1.4 million. We also divested two funeral homes that had a carrying value of property, plant and equipment of $0.7 million, which was included in the loss on the sale of divestitures and recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations, described in Note 5 to the Consolidated Financial Statements included herein.

During the nine months ended September 30, 2021, we acquired real property for $3.3 million. Additionally, we divested three funeral homes that had a carrying value of property, plant and equipment of $2.4 million, which was included in the gain/loss on the sale of divestitures and recorded in Net (gain) loss on divestitures, disposals and impairment charges.

Our growth and maintenance capital expenditures totaled $5.0 million and $5.3 million for the three months ended September 30, 2021 and 2022, respectively, and $11.1 million and $15.1 million for the nine months ended September 30, 2021 and 2022, respectively, for property, plant and equipment. In addition, we recorded depreciation expense of $3.4 million for both the three months ended September 30, 2021 and 2022 and $10.2 million and $10.1 million, for the nine months ended September 30, 2021 and 2022, 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, we are 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 $100.7 million and $101.7 million, net of accumulated amortization of $53.1 million and $57.4 million at December 31, 2021 and September 30, 2022, 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. Our growth capital expenditures for cemetery property development totaled $1.5 million for both the three months ended September 30, 2021 and 2022 and $4.1 million and $5.2 million, for the nine months ended September 30, 2021 and 2022, respectively. We recorded amortization expense for cemetery interment rights of $1.5 million and $1.3 million for the three months ended September 30, 2021 and 2022, respectively, and $5.2 million and $4.3 million, for the nine months ended September 30, 2021 and 2022, 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 twenty years. Many leases include one or more options to renew, some of which include options to extend the leases for up to forty 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 to determine 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 effective 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 we 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 the 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. The excess tax benefit and tax deficiencies are recorded within Tax adjustment related to discrete items on our Consolidated Statements of Operations and the 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 15 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. 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. 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 September 30, 2022, 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 $8.0 million and $8.8 million at December 31, 2021 and September 30, 2022, 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 $10.4 million and $10.5 million at December 31, 2021 and September 30, 2022, 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 17 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.

On June 30, 2020, we filed carryback refund claims for the 2018 and 2019 tax years. 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.

On October 11, 2021, we received an adverse ruling from the Internal Revenue Service (“IRS”) related to our accounting method change for cemetery property revenue recognition filed in 2018 and subsequently filed an automatic accounting method change to adopt the IRS’s preferred method of revenue recognition for cemetery property effective for the year ending December 31, 2021.

On March 2, 2022, we received approval from the IRS regarding our filed method change related to the revenue recognition of cemetery merchandise and services sales. As a result, we recorded a $0.5 million reduction to the reserve for uncertain tax positions, including interest, during the nine months ended September 30, 2022.

At December 31, 2021 and September 30, 2022, the reserve for uncertain tax positions was $3.8 million and $3.3 million, respectively, related to carrying back the net operating losses generated in the tax year ended December 31, 2018, filed under the CARES Act on June 30, 2020.

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.

For the three months ended September 30, 2021 and 2022, we had an income tax expense of $5.1 million and $2.8 million, respectively, and for the nine months ended September 30, 2021 and 2022, we had an income tax expense of $6.6 million and $12.1 million, respectively. Our operating tax rate before discrete items was 28.2% and 30.6% for the three months ended September 30, 2021 and 2022, respectively, and 28.3% and 27.8% for the nine months ended September 30, 2021 and 2022, 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 and performance awards.

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 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.

Our performance awards are considered to be contingently issuable shares because their issuance is contingent upon the satisfaction of certain performance and service conditions. In accordance with ASC 260, we have included in the computation of diluted earnings per share the number of performance awards that would have been issuable as if the end of the reporting period was the end of the contingency period. These shares are considered to be outstanding at the beginning of the reporting period.

See Note 16 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 September 30, 2022 through the date the financial statements were issued for potential recognition or disclosure in the accompanying financial statements covered by this report.

See Note 19 to the Consolidated Financial Statements included herein for additional information related to our subsequent

events.

Recently Issued Accounting Standards	9 Months Ended
Recently Issued Accounting Standards	Sep. 30, 2022
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Standards	RECENTLY ISSUED ACCOUNTING STANDARDS Accounting Pronouncements Not Yet Adopted Reference Rate Reform In March 2020, the FASB issued ASU, Reference Rate Reform (“Topic 848”) to provide optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference London InterBank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. Contract modifications are required to be evaluated in determining whether the modifications result in the establishment of new contracts or the continuation of existing contracts. We adopted this amendment in March 2020. On May 27, 2022, we amended our Credit Facility (defined in Note 11) to establish the Bloomberg Short-Term Bank Yield Index Rate (“BSBY”) as a benchmark rate and removed LIBOR from our Credit Facility, among other things. We did not apply the optional expedients provided by the guidance in Topic 848. See Note 11 to the Consolidated Financial Statements herein for additional information related to the amended Credit Facility. Business Combinations - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB issued ASU, Business Combinations (“Topic 805”) to improve the accounting for acquired revenue contracts with customers in a business combination. The amendments in this update provide specific guidance on how to recognize and measure acquired contract assets and contract liabilities from revenue contracts in a business combination. These amendments require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606 – Revenue from Contracts with Customers (“Topic 606”). At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. These amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively to business combinations occurring on or after the effective date of the amendments. We plan to adopt the provisions of Topic 805 for our fiscal year beginning January 1, 2023. We are still evaluating the impact of adoption on our consolidated financial statements. Credit Losses - Vintage Disclosures In March 2022, the FASB issued ASU, Financial Instruments - Credit Losses (“Topic 326”) to make the requirement to disclose gross write-offs by class of financing receivable and major security type consistent for all public business entities. The amendment in this update provides specific guidance on the disclosure for current period write-offs by year of origination for financing receivables. This amendment is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively to disclosures occurring on or after the effective date of the amendment. We plan to adopt the provisions of Topic 326 for our fiscal year beginning January 1, 2023. We expect the adoption will have no impact on our consolidated financial statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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+ Details

Acquisitions

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Acquisitions

ACQUISITIONS

On August 8, 2022, we acquired a business consisting of two funeral homes in Kissimmee, Florida for $6.3 million in cash. We acquired substantially all of the assets and assumed certain operating liabilities of this business.

The pro forma impact of this acquisition on prior periods is not presented, as the impact is not significant to our reported results. The results of the acquired business are reflected in our Consolidated Statements of Operations from the date of acquisition.

The measurement period to determine the fair values of acquired identifiable assets and assumed liabilities will end at the earlier of 12 months from the date of the acquisition or as soon as we receive the information we are seeking about facts and circumstances that existed as of the acquisition date. Provisional estimates for inventory, furniture and equipment and intangible assets have been recorded for the acquisition as independent valuations have not been finalized. We do not not expect any significant differences from estimated values upon completion of the valuations. Estimated fair values of the assets acquired and liabilities assumed in this transaction as of the closing date are as follows (in thousands):


	Estimated Fair Values
Current assets	$	28

Property, plant & equipment	2,986

Goodwill	2,694
Intangible and other non-current assets	542




Purchase price	$	6,250

The intangible and other non-current assets relate to the fair value of tradenames. For the nine months ended September 30, 2021, we did not acquire any businesses. At September 30, 2022, we did not estimate a fair value for preneed funeral trust assets and liabilities for this acquisition

Goodwill (Notes)

9 Months Ended

Sep. 30, 2022

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, 2021		September 30, 2022
Goodwill at the beginning of the period	$	392,978	$	391,972
Increase in goodwill related to acquisitions	—		2,694
Decrease in goodwill related to divestitures	(1,006)		(901)

Goodwill at the end of the period	$	391,972	$	393,765

During the three and nine months ended September 30, 2022, we recognized $2.7 million in goodwill related to our 2022 acquisition described in Note 3 to the Consolidated Financial Statements included herein. During the nine months ended September 30, 2021 and 2022, we allocated $1.0 million and $0.9 million of goodwill to the sale of one funeral home and two funeral homes, respectively, for a loss recorded in Net (gain) loss on divestitures, disposals and impairments charges.

See Note 1 to the Consolidated Financial Statements included herein, for a discussion of the methodology used for our goodwill impairment test.

Divested Operations

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Divested Operations

DIVESTED OPERATIONS

During the three months ended September 30, 2021 and 2022, we did not sell any funeral homes or cemeteries. During the nine months ended September 30, 2022, we merged one funeral home with another business we own in an existing market and sold two funeral homes for an aggregate of $0.9 million. During the nine months ended September 30, 2021, we sold three funeral homes for an aggregate of $3.5 million.

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Revenue	$	(10)	$	—	$	338	$	296

Operating income (loss)	(41)		—		(54)		25
Gain (loss) on divestitures(1)	—		—		103		(703)
Income tax benefit (expense)	12		—		(14)		188
Net income (loss) from divested operations, after tax	$	(29)	$	—	$	35	$	(490)

(1)

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

Trust Investments

9 Months Ended

Sep. 30, 2022

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 that 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 U.S. agency obligations, foreign debt, corporate debt, preferred stocks, certificates of deposit 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 9 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.

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, 2021		September 30, 2022
Preneed cemetery trust investments, at market value	$	103,808	$	90,130
Less: allowance for contract cancellation	(2,905)		(3,100)
Preneed cemetery trust investments	$	100,903	$	87,030

The cost and market values associated with preneed cemetery trust investments at September 30, 2022 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	6,852	$	—	$	—	$	6,852
Fixed income securities:

U.S. agency obligations	2	803		—		(76)		727
Foreign debt	2	11,146		533		(1,024)		10,655
Corporate debt	2	14,073		37		(3,311)		10,799
Preferred stock	2	12,568		367		(1,665)		11,270
Certificates of deposit	2	79		—		(7)		72
Common stock	1	45,169		2,483		(7,816)		39,836
Mutual funds:
Equity	1	309		—		(63)		246
Fixed income	2	12,324		8		(3,603)		8,729
Trust securities		$	103,323	$	3,428	$	(17,565)	$	89,186
Accrued investment income		$	944					$	944
Preneed cemetery trust investments								$	90,130
Market value as a percentage of cost								86.3%

The estimated maturities of the fixed income securities (excluding mutual funds) at September 30, 2022 included above are as follows (in thousands):


Due in one year or less	$	1,515
Due in one to five years	6,815
Due in five to ten years	6,435
Thereafter	18,758
Total fixed income securities	$	33,523

The cost and market values associated with preneed cemetery trust investments at December 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	$	3,088	$	—	$	—	$	3,088
Fixed income securities:
Foreign debt	2	15,846		2,025		(953)		16,918
Corporate debt	2	12,965		1,374		(49)		14,290
Preferred stock	2	12,455		1,111		(344)		13,222

Common stock	1	40,992		6,906		(4,079)		43,819
Mutual funds:
Equity	1	28		8		—		36
Fixed income	2	11,443		615		(567)		11,491
Trust Securities		$	96,817	$	12,039	$	(5,992)	$	102,864
Accrued investment income		$	944					$	944
Preneed cemetery trust investments								$	103,808
Market value as a percentage of cost								106.2%

The following table summarized our fixed income securities (excluding mutual funds) within our preneed cemetery trust investments in an unrealized loss position at September 30, 2022, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	September 30, 2022
	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:
U.S. agency obligations	$	728	$	(76)	$	—	$	—	$	728	$	(76)
Foreign debt	6,829		(528)		583		(496)		7,412		(1,024)
Corporate debt	7,886		(3,111)		580		(200)		8,466		(3,311)
Preferred stock	6,438		(1,088)		3,356		(577)		9,794		(1,665)
Certificates of deposit	72		(7)		—		—		72		(7)
Total fixed income securities with an unrealized loss	$	21,953	$	(4,810)	$	4,519	$	(1,273)	$	26,472	$	(6,083)

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, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 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	$	4,228	$	(517)	$	629	$	(436)	$	4,857	$	(953)
Corporate debt	1,037		(49)		—		—		1,037		(49)
Preferred stock	1,301		(63)		2,913		(281)		4,214		(344)

Total fixed income securities with an unrealized loss	$	6,566	$	(629)	$	3,542	$	(717)	$	10,108	$	(1,346)

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Investment income	$	441	$	556	$	1,570	$	1,618
Realized gains	2,207		392		16,315		9,285
Realized losses	(214)		(105)		(6,563)		(2,488)
Unrealized gains (losses), net	(3,966)		(5,037)		4,893		(14,137)
Expenses and taxes	(546)		(482)		(1,308)		(1,353)
Net change in deferred preneed cemetery receipts held in trust	2,078		4,676		(14,907)		7,075
	$	—	$	—	$	—	$	—

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Purchases	$	(7,532)	$	(459)	$	(34,740)	$	(2,083)
Sales	6,446		—		33,847		661

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, 2021		September 30, 2022
Preneed funeral trust investments, at market value	$	116,973	$	102,028
Less: allowance for contract cancellation	(3,315)		(3,390)
Preneed funeral trust investments	$	113,658	$	98,638

The cost and market values associated with preneed funeral trust investments at September 30, 2022 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	26,473	$	—	$	—	$	26,473
Fixed income securities:
U.S treasury debt	1	551		—		(51)		500

Foreign debt	2	10,018		486		(897)		9,607
Corporate debt	2	12,024		32		(2,772)		9,284
Preferred stock	2	10,898		335		(1,477)		9,756

Common stock	1	39,081		2,234		(6,655)		34,660
Mutual funds:
Equity	1	282		—		(57)		225
Fixed income	2	10,028		7		(2,979)		7,056
Other investments	2	3,635		—		—		3,635
Trust securities		$	112,990	$	3,094	$	(14,888)	$	101,196
Accrued investment income		$	832					$	832
Preneed funeral trust investments								$	102,028
Market value as a percentage of cost								89.6%

The estimated maturities of the fixed income securities (excluding mutual funds) at September 30, 2022 included above are as follows (in thousands):


Due in one year or less	$	1,382
Due in one to five years	5,678
Due in five to ten years	5,623
Thereafter	16,464
Total fixed income securities	$	29,147

The cost and market values associated with preneed funeral trust investments at December 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	$	23,438	$	—	$	—	$	23,438
Fixed income securities:

Foreign debt	2	14,936		1,874		(887)		15,923
Corporate debt	2	11,231		1,223		(46)		12,408
Preferred stock	2	11,001		986		(319)		11,668

Common stock	1	36,694		6,417		(3,574)		39,537
Mutual funds:
Equity	1	26		7		—		33
Fixed income	2	9,396		454		(470)		9,380
Other investments	2	3,754		—		—		3,754
Trust securities		$	110,476	$	10,961	$	(5,296)	$	116,141
Accrued investment income		$	832					$	832
Preneed funeral trust investments								$	116,973
Market value as a percentage of cost								105.1%

The following table summarized our fixed income securities (excluding mutual funds) within our preneed funeral trust investment in an unrealized loss position at September 30, 2022, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	September 30, 2022
	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:
U.S. treasury debt	$	500	$	(51)	$	—	$	—	$	500	$	(51)
Foreign debt	6,151		(475)		498		(422)		6,649		(897)
Corporate debt	6,676		(2,589)		529		(183)		7,205		(2,772)
Preferred stock	5,436		(953)		2,973		(524)		8,409		(1,477)

Total fixed income securities with an unrealized loss	$	18,763	$	(4,068)	$	4,000	$	(1,129)	$	22,763	$	(5,197)

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, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 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	$	4,251	$	(509)	$	548	$	(378)	$	4,799	$	(887)
Corporate debt	965		(46)		—		—		965		(46)
Preferred stock	1,211		(58)		2,710		(261)		3,921		(319)

Total fixed income securities with an unrealized loss	$	6,427	$	(613)	$	3,258	$	(639)	$	9,685	$	(1,252)

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Investment income	$	357	$	398	$	1,261	$	1,245
Realized gains	2,072		357		15,331		8,247
Realized losses	(201)		(96)		(6,097)		(2,242)
Unrealized gains (losses), net	(3,728)		(4,394)		4,478		(11,794)
Expenses and taxes	(409)		(214)		(1,041)		(751)
Net change in deferred preneed funeral receipts held in trust	1,909		3,949		(13,932)		5,295
	$	—	$	—	$	—	$	—

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Purchases	$	(6,729)	$	—	$	(32,219)	$	(590)
Sales	6,864		8		32,153		538

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, 2021		September 30, 2022
Cemetery perpetual care trust investments, at market value	$	72,400	$	60,569
Obligations due from trust	(1,244)		(502)
Care trusts’ corpus	$	71,156	$	60,067

The following table reflects the cost and market values associated with the trust investments held in cemetery perpetual care trust funds at September 30, 2022 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	3,889	$	—	$	—	$	3,889
Fixed income securities:

Foreign debt	2	7,872		344		(757)		7,459
Corporate debt	2	9,705		63		(2,349)		7,419
Preferred stock	2	9,673		237		(1,238)		8,672

Common stock	1	29,510		1,651		(5,289)		25,872
Mutual funds:
Equity	1	199		—		(40)		159
Fixed Income	2	8,895		5		(2,473)		6,427
Trust securities		$	69,743	$	2,300	$	(12,146)	$	59,897
Accrued investment income		$	672					$	672
Cemetery perpetual care investments								$	60,569
Market value as a percentage of cost								85.9%

The estimated maturities of the fixed income securities (excluding mutual funds) at September 30, 2022 included above are as follows (in thousands):


Due in one year or less	$	978
Due in one to five years	4,038
Due in five to ten years	4,400
Thereafter	14,134
Total fixed income securities	$	23,550

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


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	1,447	$	—	$	—	$	1,447
Fixed income securities:
Foreign debt	2	10,949		1,401		(647)		11,703
Corporate debt	2	9,139		1,065		(32)		10,172
Preferred stock	2	9,742		803		(226)		10,319

Common stock	1	27,853		4,990		(3,008)		29,835
Mutual funds:
Equity	1	19		5		—		24
Fixed income	2	8,141		530		(460)		8,211
Trust securities		$	67,290	$	8,794	$	(4,373)	$	71,711
Accrued investment income		$	689					$	689
Cemetery perpetual care investments								$	72,400
Market value as a percentage of cost								106.6%

The following table summarized our fixed income securities (excluding mutual funds) within our cemetery perpetual care trust investment in an unrealized loss position at September 30, 2022, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	September 30, 2022
	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	$	4,939	$	(393)	$	427	$	(364)	$	5,366	$	(757)
Corporate debt	5,237		(2,219)		374		(130)		5,611		(2,349)
Preferred stock	4,937		(814)		2,782		(424)		7,719		(1,238)

Total fixed income securities with an unrealized loss	$	15,113	$	(3,426)	$	3,583	$	(918)	$	18,696	$	(4,344)

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, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 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	$	2,649	$	(321)	$	468	$	(326)	$	3,117	$	(647)
Corporate debt	846		(32)		—		—		846		(32)
Preferred stock	856		(41)		1,917		(185)		2,773		(226)

Total fixed income securities with an unrealized loss	$	4,351	$	(394)	$	2,385	$	(511)	$	6,736	$	(905)

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Realized gains	$	275	$	48	$	2,224	$	1,292
Realized losses	(26)		(13)		(942)		(302)
Unrealized gains (losses), net	(3,070)		(3,730)		3,747		(9,846)
Net change in Care trusts’ corpus	2,821		3,695		(5,029)		8,856
Total	$	—	$	—	$	—	$	—

Cemetery perpetual care trust investment security transactions recorded in Other revenue are as follows (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Investment income	$	2,881	$	3,075	$	8,104	$	8,613
Realized losses, net	(278)		(739)		(557)		(1,343)
Total	$	2,603	$	2,336	$	7,547	$	7,270

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Purchases	$	(5,049)	$	(233)	$	(24,105)	$	(644)
Sales	4,431		—		23,695		441

Receivables

9 Months Ended

Sep. 30, 2022

Preneed Cemetery Receivables [Abstract]

Receivables

RECEIVABLES

Accounts Receivable

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


	September 30, 2022
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	7,992	$	14,524	$	—	$	22,516
Other receivables	509		1,047		189		1,745
Allowance for credit losses	(255)		(654)		—		(909)
Accounts receivable, net	$	8,246	$	14,917	$	189	$	23,352


	December 31, 2021
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	10,728	$	13,629	$	—	$	24,357
Other receivables	329		1,433		185		1,947
Allowance for credit losses	(365)		(625)		—		(990)
Accounts receivable, net	$	10,692	$	14,437	$	185	$	25,314

Other receivables include supplier rebates, commissions due from third party insurance companies and perpetual care income receivables. 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, 2022		Provision for Credit Losses		Write Offs		Recoveries		September 30, 2022
Trade and financed receivables:
Funeral	$	(365)	$	(1,104)	$	2,150	$	(936)	$	(255)
Cemetery	(625)		(452)		423		—		(654)
Total allowance for credit losses on Trade and financed receivables	$	(990)	$	(1,556)	$	2,573	$	(936)	$	(909)

Preneed Cemetery Receivables

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


	December 31, 2021		September 30, 2022
Interment rights	$	40,863	$	43,888
Merchandise and services	7,348		8,233
Unearned finance charges	4,644		4,778
Preneed cemetery receivables	$	52,855	$	56,899

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


	December 31, 2021		September 30, 2022
Preneed cemetery receivables	$	52,855	$	56,899
Less: unearned finance charges	(4,644)		(4,778)
Preneed cemetery receivables, at amortized cost	$	48,211	$	52,121
Less: allowance for credit losses	(1,704)		(1,832)
Less: balances due on undelivered cemetery preneed contracts	(10,353)		(10,546)
Less: amounts in accounts receivable	(13,004)		(13,870)
Preneed cemetery receivables, net	$	23,150	$	25,873

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


	January 1, 2022		Provision for Credit Losses		Write Offs		September 30, 2022
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,079)	$	(736)	$	637	$	(1,178)

The amortized cost basis of our preneed cemetery receivables by year of origination at September 30, 2022 is as follows (in thousands):


	2022		2021		2020		2019		2018		Prior		Total
Total preneed cemetery receivables, at amortized cost	$	21,973	$	14,838	$	7,854	$	4,376	$	1,585	$	1,495	$	52,121

The aging of past due preneed cemetery receivables at September 30, 2022 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	$	634	$	357	$	148	$	2,042	$	3,181	$	38,394	$	41,575
Deferred revenue	185		147		441		518		1,291		14,033		15,324
Total contracts	$	819	$	504	$	589	$	2,560	$	4,472	$	52,427	$	56,899

Receivables from Preneed Funeral Trusts

9 Months Ended

Sep. 30, 2022

Receivables From Preneed Trusts [Abstract]

Receivables from Preneed Funeral Trusts

RECEIVABLES FROM PRENEED FUNERAL TRUSTS

Our receivables from preneed funeral 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 funeral trusts are as follows (in thousands):


	December 31, 2021		September 30, 2022
Preneed funeral trust funds, at cost	$	19,597	$	20,741
Less: allowance for contract cancellation	(588)		(622)
Receivables from preneed funeral trusts, net	$	19,009	$	20,119

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, 2021 and September 30, 2022. 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 funeral trust funds at September 30, 2022 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	5,973	$	5,973
Fixed income investments	12,078		12,078
Mutual funds and common stocks	2,687		2,363
Annuities	3		3
Total	$	20,741	$	20,417

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


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	5,595	$	5,595
Fixed income investments	11,386		11,386
Mutual funds and common stocks	2,611		2,682
Annuities	5		5
Total	$	19,597	$	19,668

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date applicable for items that are recognized or disclosed at fair value in the financial statements on a recurring basis. 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 evaluated our financial assets and liabilities for those 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 11) and Senior Notes (as defined in Note 12) are classified within Level 2 of the Fair Value Measurements hierarchy. At September 30, 2022, the carrying value and fair value of our Credit Facility was $169.0 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. At September 30, 2022, the carrying value of our acquisition debt was $4.5 million, which approximated its 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 September 30, 2022, the fair value of our Senior Notes was $317.2 million based on the last traded or broker quoted price. At December 31, 2021 and September 30, 2022, 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 funeral 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 7 and 8 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

Intangible and Other Non-Current Assets

9 Months Ended

Sep. 30, 2022

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, 2021		September 30, 2022
Tradenames	$	23,565	$	24,108
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,373, respectively	2,247		1,884
Capitalized commissions on preneed contracts, net of accumulated amortization of $2,278 and $2,803, respectively	3,560		3,963

Other	6		496
Intangible and other non-current assets, net	$	29,378	$	30,451

Tradenames

Our tradenames have indefinite lives and therefore are not amortized. During the three and nine months ended September 30, 2022, we increased the value of our tradenames by $0.5 million related to our 2022 acquisition described in Note 3 to the Consolidated Financial Statements included herein.

See Note 1 to the Consolidated Financial Statements included herein for a discussion of the methodology used for our indefinite-lived intangible asset impairment test.

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 $158,000 and $142,000 for the three months ended September 30, 2021 and 2022, respectively, and $495,000 and $432,000 for the nine months ended September 30, 2021 and 2022, 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 was $165,000 and $181,000 for the three months ended September 30, 2021 and 2022, respectively, and $473,000 and $525,000 for the nine months ended September 30, 2021 and 2022, respectively.

The aggregate amortization expense for our non-compete agreements and capitalized commissions as of September 30, 2022 is as follows (in thousands):


	Prepaid Agreements		Capitalized Commissions
Years ending December 31,
Remainder of 2022	$	135	$	186
2023	496		710
2024	381		650
2025	372		585
2026	257		518
Thereafter	243		1,314
Total amortization expense	$	1,884	$	3,963

Credit Facility and Acquisition Debt

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Credit Facility and Acquisition Debt

CREDIT FACILITY AND ACQUISITION DEBT On May 27 2022, we entered into a second amendment and commitment increase (the “Credit Facility Amendment”) to the first amended and restated credit agreement dated May 13, 2021 (as amended, including by the Credit Facility Amendment, the “Credit Facility”) with the financial institutions party thereto, as lenders, and Bank of America, N.A., as administrative agent. The Credit Facility Amendment provided, among other things, for (i) an increase to the Revolving Credit Commitments (as defined in the Credit Facility) under the Credit Facility from $200.0 million to $250.0 million in the aggregate; (ii) modifications to the definitions of “Applicable Rate” and “Applicable Fee Rate” to change the applicable rates and pricing levels set forth in each pricing grid; (iii) the establishment of the BSBY as a benchmark rate and the removal of LIBOR from the Credit Facility; (iv) an increase in the maximum Total Leverage Ratio (as defined in the Credit Facility) to 5.25 to 1.00; and (v) modifications to the restricted payments covenant to allow us to make additional stock repurchases, subject to the

satisfaction of certain conditions therein. We incurred $0.3 million in transactions costs related to the Credit Facility Amendment, which were capitalized and will be amortized over the remaining term of the related debt using the straight-line method.

At September 30, 2022, the Credit Facility was comprised of: (i) a $250.0 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 13, 2026.

Our obligations under the Credit Facility are unconditionally guaranteed on a joint and several basis by the same subsidiaries which guarantee the Senior Notes (as defined in Note 12) and certain of our subsequently acquired or organized domestic subsidiaries (collectively, the “Subsidiary Guarantors”). The Credit Facility allows for future increases in the facility size in the form of increased revolving commitments or new incremental term loans by an additional amount of up to $75.0 million in the aggregate.

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 Subsidiary Guarantors. In addition, the Credit Facility includes provisions which require the Company and the Subsidiary Guarantors, upon the occurrence of an event of default or 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 under the Credit Facility, to grant additional liens on real property assets accounting for no less than 50% of the Company’s and the Subsidiary Guarantors’ funeral operations if requested by the administrative agent.

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 the Subsidiary Guarantors to incur indebtedness, grant liens, make investments, engage in mergers and acquisitions, and pay dividends and other restricted payments, and certain financial maintenance covenants. At September 30, 2022, we were subject to the following financial covenants under our Credit Facility: (A) a Total Leverage Ratio not to exceed 5.25 to 1.00 and (B) 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 all of the covenants contained in our Credit Facility as of September 30, 2022.

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


	December 31, 2021		September 30, 2022
Credit Facility	$	155,400	$	169,000
Debt issuance costs, net of accumulated amortization of $1,324 and $1,617, respectively	(1,543)		(1,590)
Total Credit Facility	$	153,857	$	167,410

Acquisition debt	$	4,500	$	4,460
Less: current portion	(521)		(614)
Total acquisition debt, net of current portion	$	3,979	$	3,846

At September 30, 2022, we had outstanding borrowings under the Credit Facility of $169.0 million. We also had one letter of credit for $2.3 million under the Credit Facility. The letter of credit will expire on November 25, 2022 and is expected to automatically renew annually and secures our obligations under our various self-insured policies. At September 30, 2022, we had $78.7 million of availability under the Credit Facility.

As of the effective date of the Credit Facility Amendment, outstanding borrowings under our Credit Facility bear interest at a prime rate or a BSBY rate, plus an applicable margin based on our leverage ratio. At September 30, 2022, the prime rate margin was equivalent to 1.125% and the BSBY rate margin was 2.125%. The weighted average interest rate on our Credit Facility was 2.0% and 4.3% for the three months ended September 30, 2021 and 2022, respectively, and 2.5% and 3.1% for the nine months ended September 30, 2021 and 2022, respectively.

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Credit Facility interest expense	$	383	$	1,971	$	1,200	$	4,132
Credit Facility amortization of debt issuance costs	80		109		297		293

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 nine to twenty years.

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Acquisition debt imputed interest expense	$	90	$	78	$	280	$	237

Senior Notes (Notes)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Senior Notes

SENIOR NOTES

The carrying value of our 4.25% senior notes due 2029 (the “Senior Notes”) is reflected on our Consolidated Balance Sheet as follows (in thousands):


	December 31, 2021		September 30, 2022
Long-term liabilities:
Principal amount	$	400,000	$	400,000

Debt discount, net of accumulated amortization of $301 and $669, respectively	(4,199)		(3,831)
Debt issuance costs, net of accumulated amortization of $86 and $190, respectively	(1,191)		(1,087)
Carrying value of the Senior Notes	$	394,610	$	395,082

At September 30, 2022, the fair value of the Senior Notes, which are Level 2 measurements, was $317.2 million.

The Senior Notes were issued under an indenture, dated as of May 13, 2021 (the “Indenture”), among the Company, the Subsidiary 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 mature on May 15, 2029, unless earlier redeemed or purchased and bear interest at 4.25% per year, which is payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2021.

We may redeem the Senior Notes, in whole or in part, at the redemption price of 102.13% on or after May 15, 2024, 101.06% on or after May 15, 2025 and 100% on or after May 15, 2026, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. At any time before May 15, 2024, we may also redeem all or part of the Senior Notes at the redemption prices described in the Indenture, plus accrued and unpaid interest, if any, to (but excluding) the date of redemption. In addition, before May 15, 2024, we may redeem up to 40% of the aggregate principal amount of the Senior Notes outstanding using an amount of cash equal to the net proceeds of certain equity offerings, at a price of 104.25% of the principal amount of the Senior Notes, plus accrued and unpaid interest, if any, to (but excluding) the date of redemption; provided that (1) at least 50% of the aggregate principal amount of the Senior Notes (including any additional Senior Notes) outstanding under the Indenture remain outstanding immediately after the occurrence of such redemption (unless all Senior Notes are redeemed concurrently), and (2) each such redemption must occur within 180 days of the date of the consummation of any 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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Senior Notes interest expense	$	4,250	$	4,250	$	17,517	$	12,730
Senior Notes amortization of debt discount	118		125		384		368
Senior Notes amortization of debt premium	—		—		85		—
Senior Notes amortization of debt issuance costs	34		35		161		104

The debt discount and the debt issuance costs are being amortized using the effective interest method over the remaining term of approximately 80 months of the Senior Notes. For both the three and nine months ended September 30, 2021 and 2022, the effective interest rate on the unamortized debt discount and the unamortized debt issuance costs for the Senior Notes was 4.42% and 4.30%, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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-Subparagraph (SX 210.4-08(c))
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-Publisher FASB
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-SubTopic 20
-Section 50
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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Leases

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Leases

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 September 30,				Nine months ended September 30,
	Income Statement Classification	2021		2022		2021		2022
Operating lease cost	Facilities and grounds expense(1)	$	947	$	863	$	2,871	$	2,564
Short-term lease cost	Facilities and grounds expense(1)	39		82		145		260
Variable lease cost	Facilities and grounds expense(1)	43		37		100		60

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	111	$	111	$	328	$	328
Interest on lease liabilities	Interest expense	117		110		356		335
Total finance lease cost		228		221		684		663
Total lease cost		$	1,257	$	1,203	$	3,800	$	3,547



(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 General, administrative and other on our Consolidated Statements of Operations.

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


	Nine months ended September 30,
	2021		2022
Cash paid for operating leases included in operating activities	$	2,891	$	2,698
Cash paid for finance leases included in financing activities	626		646

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


	Nine months ended September 30,
	2021		2022
Right-of-use assets obtained in exchange for new operating lease liabilities	$	(1,358)	$	764
Right-of-use assets obtained in exchange for new finance lease liabilities	—		—

During the three and nine months ended September 30, 2021, we received a leasehold improvement allowance of $1.4 million for the renovation of our home office space in Houston, Texas from our lessor. We recorded a leasehold improvement asset as property plant and equipment and reduced our right-of-use asset by $1.4 million. The leasehold improvement allowance will be recognized prospectively by ratably reducing the lease expense over the remaining lease term.

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


Lease Type	Balance Sheet Classification	December 31, 2021		September 30, 2022
Operating lease right-of-use assets	Operating lease right-of-use assets	$	17,881	$	17,295

Finance lease right-of-use assets	Property, plant and equipment, net	$	6,770	$	6,770
Accumulated depreciation	Property, plant and equipment, net	(2,443)		(2,771)
Finance lease right-of-use assets, net		$	4,327	$	3,999

Operating lease current liabilities	Current portion of operating lease obligations	$	1,913	$	2,074
Finance lease current liabilities	Current portion of finance lease obligations	375		416
Total current lease liabilities		$	2,288	$	2,490

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	18,520	$	17,638
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,157		4,842
Total non-current lease liabilities		$	23,677	$	22,480

Total lease liabilities		$	25,965	$	24,970

The average lease terms and discount rates at September 30, 2022 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	9.1	8.0	%
Finance leases	11.8	8.2	%

The aggregate future lease payments for operating and finance leases at September 30, 2022 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2022	$	899	$	222
2023	3,557		860
2024	3,535		791
2025	3,306		736
2026	3,240		745
Thereafter	13,112		4,810
Total lease payments	27,649		8,164
Less: Interest	(7,937)		(2,906)
Present value of lease liabilities	$	19,712	$	5,258

At September 30, 2022, we had no additional significant operating or finance leases that had not yet commenced.

Leases

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 September 30,				Nine months ended September 30,
	Income Statement Classification	2021		2022		2021		2022
Operating lease cost	Facilities and grounds expense(1)	$	947	$	863	$	2,871	$	2,564
Short-term lease cost	Facilities and grounds expense(1)	39		82		145		260
Variable lease cost	Facilities and grounds expense(1)	43		37		100		60

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	111	$	111	$	328	$	328
Interest on lease liabilities	Interest expense	117		110		356		335
Total finance lease cost		228		221		684		663
Total lease cost		$	1,257	$	1,203	$	3,800	$	3,547



(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 General, administrative and other on our Consolidated Statements of Operations.

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


	Nine months ended September 30,
	2021		2022
Cash paid for operating leases included in operating activities	$	2,891	$	2,698
Cash paid for finance leases included in financing activities	626		646

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


	Nine months ended September 30,
	2021		2022
Right-of-use assets obtained in exchange for new operating lease liabilities	$	(1,358)	$	764
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, 2021		September 30, 2022
Operating lease right-of-use assets	Operating lease right-of-use assets	$	17,881	$	17,295

Finance lease right-of-use assets	Property, plant and equipment, net	$	6,770	$	6,770
Accumulated depreciation	Property, plant and equipment, net	(2,443)		(2,771)
Finance lease right-of-use assets, net		$	4,327	$	3,999

Operating lease current liabilities	Current portion of operating lease obligations	$	1,913	$	2,074
Finance lease current liabilities	Current portion of finance lease obligations	375		416
Total current lease liabilities		$	2,288	$	2,490

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	18,520	$	17,638
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,157		4,842
Total non-current lease liabilities		$	23,677	$	22,480

Total lease liabilities		$	25,965	$	24,970

The average lease terms and discount rates at September 30, 2022 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	9.1	8.0	%
Finance leases	11.8	8.2	%

The aggregate future lease payments for operating and finance leases at September 30, 2022 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2022	$	899	$	222
2023	3,557		860
2024	3,535		791
2025	3,306		736
2026	3,240		745
Thereafter	13,112		4,810
Total lease payments	27,649		8,164
Less: Interest	(7,937)		(2,906)
Present value of lease liabilities	$	19,712	$	5,258

At September 30, 2022, we had no additional significant operating or finance leases that had not yet commenced.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIESChinchilla v. Carriage Services, Inc., et al., Superior Court of California, San Joaquin County, Case No. STK-CV-UOE-2021-0004661. On May 19, 2021, a putative class action against the Company and several of our subsidiaries was filed. The plaintiff, a former employee, sought monetary damages on behalf of himself and other similarly situated current and former non-exempt employees. The plaintiff claimed that the Company failed to, among other things, pay minimum wages, provide meal and rest breaks, pay overtime, provide accurately itemized wage statements, reimburse employees for business expenses, and provide wages when due. On January 5, 2022, the parties to the litigation engaged in and executed a Memorandum of Understanding for class settlement in the amount of $1.0 million. The parties subsequently executed a Class Settlement Agreement, and the court granted preliminary approval of the Class Settlement Agreement on March 29, 2022. The court granted Final Approval on July 26, 2022, and we funded the final settlement in the amount of $1.2 million on August 8, 2022.

Stockholders' Equity

9 Months Ended

Sep. 30, 2022

Share-based Payment Arrangement [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Restricted Stock

Restricted stock activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted(1)	—	$	—	—	$	—	9,300	$	324	—	$	—
Returned for payroll taxes	711	$	28	—	$	—	10,399	$	375	4,136	$	205
Cancelled	—	$	—	500	$	16	966	$	27	1,950	$	63

(1)

Restricted stock granted during the nine months ended September 30, 2021 vests over a three-year period, if the employee has remained continuously employed by us during the vesting period, at a weighted average stock price of $34.79.

We recorded stock-based compensation expense, which is included in General, administrative and other expenses, for restricted stock awards of $89,000 and $36,000 for the three months ended September 30, 2021 and 2022, respectively, and $308,000 and $133,000 for the nine months ended September 30, 2021 and 2022, respectively.

Stock Options

Stock option grants and cancellations are as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted(1)	—	$	—	—	$	—	701,400	$	7,115	58,500	$	959
Granted(2)	—	$	—	—	$	—	—	$	—	310,000	$	5,388
Granted(3)	—	$	—	—	$	—	150,000	$	1,684	—	$	—
Granted(4)	—	$	—	12,600	$	143	—	$	—	12,600	$	143
Cancelled	6,000	$	61	3,652	$	37	19,684	$	181	28,790	$	322



(1)			Stock options granted during the nine months ended September 30, 2021 and 2022 had a weighted average price of $34.79 and $49.48, respectively. The fair value of these options was calculated using the Black-Scholes option pricing model. The options granted in 2021 and 2022 vest over a five-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.
(2)			Stock options granted during the nine months ended September 30, 2022 had a weighted average price of $49.48. The fair value of these options was calculated using the Black-Scholes option pricing model and vest over a seven-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.
(3)			We granted 150,000 options to a 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 $53.39 (50,000 options) and $77.34 (100,000 options) 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.
(4)			Stock options granted during the three and nine months ended September 30, 2022 had a weighted average price of $31.58. The fair value of these options was calculated using the Black-Scholes option pricing model and vest over a three-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.

Additional stock option activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Cash		Shares	Cash		Shares	Cash		Shares	Cash
Exercised(1)	32,665	(1)		—	—		314,294	(1)		18,736	(1)
Returned for option price(2)	17,790	$	—	—	$	—	166,359	$	880	8,125	$	60
Returned for payroll taxes(3)	2,192	$	82	—	$	—	20,163	$	1,058	1,601	$	82



(1)			Stock options exercised during the three months ended September 30, 2021 had a weighted average exercise price of $21.81, with an aggregate intrinsic value of $0.6 million. Stock options exercised during the nine months ended September 30, 2021 and 2022 had a weighted average exercise price of $21.78 and $25.88, respectively, with an aggregate intrinsic value of $5.0 million and $0.5 million, respectively.
(2)			Represents shares withheld/cash received for the payment of the option price.
(3)			Represents shares withheld/cash paid for the payment of payroll taxes.

We recorded stock-based compensation expense, which is included in General, administrative and other expenses, for stock options of $467,000 and $559,000 for the three months ended September 30, 2021 and 2022, respectively, and $1,507,000 and $1,747,000 for the nine months ended September 30, 2021 and 2022, respectively.

Performance Awards

Performance award activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted	29,548	$	1,062	—	$	—	39,802	$	1,464	27,013	$	1,262
Cancelled	6,987	$	101	—	$	—	41,922	$	598	20,961	$	201

On June 1, 2021, we amended the performance award agreements granted on May 19, 2020 for three of our executives. The amendment increased the amount of performance awards payable in shares for the last three predetermined growth targets. It was treated as a modification of the original performance award agreement and resulted in an additional $2.6 million of incremental compensation expense, expected to be recognized over the remaining term of 36 months.

We recorded stock-based compensation expense, which is included in General, administrative and other expenses, for performance awards of $475,000 and $701,000 for the three months ended September 30, 2021 and 2022, respectively, and $1,064,000 and $1,904,000 for the nine months ended September 30, 2021 and 2022, respectively.

Employee Stock Purchase Plan

ESPP activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Price		Shares	Price		Shares	Price		Shares	Price
ESPP	14,734	$	26.32	13,795	$	27.34	46,622	$	26.32	38,884	$	35.42

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:


			2022
Dividend yield			0.01%
Expected volatility			30.24%
Risk-free interest rate			0.08%, 0.22%, 0.31%, 0.40%
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 $117,000 and $120,000 for the three months ended September 30, 2021 and 2022, respectively, and $458,000 and $471,000 for the nine months ended September 30, 2021 and 2022, respectively.

Good To Great Incentive Program

Common stock issued to certain employees under this incentive program is as follows (in thousands, except shares):


Three months ended September 30,						Nine months ended September 30,
2021			2022			2021			2022
Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value (1)
—	$	—	—	$	—	—	$	—	27,448	$	1,358

(1)

Common stock granted during the nine months ended September 30, 2022 had a grant date stock price of $49.48.

Non-Employee Director and Board Advisor Compensation

Non-Employee Director and Board Advisor common stock activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Board of Directors (1)	3,192	$	142	2,214	$	71	12,565	$	480	7,255	$	307
Advisor to the Board (1)	112	$	5	155	$	5	389	$	15	374	$	15

(1)

Common stock granted during the three months ended September 30, 2021 and 2022 had a weighted average price of $44.59 and $32.16, respectively, and $38.20 and $42.20 for the nine months ended September 30, 2021 and 2022.

We recorded compensation expense, which is included in General, administrative and other expenses, related to annual retainers, including the value of stock granted to non-employee Directors and an advisor to our Board of Directors (the “Board”), of $201,000 and $167,000 for the three months ended September 30, 2021 and 2022, respectively, and $656,000 and $552,000 for the nine months ended September 30, 2021 and 2022, respectively.

Share Repurchase

On February 23, 2022, our Board authorized an increase in our share repurchase program to permit us to purchase up to an additional $75.0 million under our share repurchase program, in addition to amounts previously authorized and outstanding in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended (“the Exchange Act”).

Share repurchase activity is as follows (dollar value in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Number of Shares Repurchased(1)	1,203,493		—		1,528,197		695,496
Average Price Paid Per Share	$	44.24	$	—	$	42.89	$	49.22
Dollar Value of Shares Repurchased(1)	$	53,239	$	—	$	65,540	$	34,234

(1)

During the three and nine months ended September 30, 2021, 84,000 shares settled in October 2021, which had a cost of $3.8 million.

Our shares are purchased in the open market at times and in amounts as management determined appropriate based on factors such as market conditions, legal requirements and other business considerations. Shares purchased pursuant to the repurchase program are currently held as treasury shares. During the three months ended September 30, 2022, we did not repurchase any shares of our common stock pursuant to our share repurchase program. At September 30, 2022, our share repurchase program had $48.9 million authorized for additional repurchases.

Cash Dividend

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


2022	Per Share		Dollar Value
March 1st	$	0.1125	$	1,725
June 1st	$	0.1125	$	1,730
September 1st	$	0.1125	$	1,653

2021	Per Share		Dollar Value
March 1st	$	0.1000	$	1,799
June 1st	$	0.1000	$	1,808
September 1st	$	0.1000	$	1,783

Earnings Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Numerator for basic and diluted earnings per share:
Net income	$	13,046	$	5,860	$	19,812	$	33,361
Less: Earnings allocated to unvested restricted stock	(18)		(3)		(33)		(21)
Income attributable to common stockholders	$	13,028	$	5,857	$	19,779	$	33,340

Denominator:
Denominator for basic earnings per common share - weighted average shares outstanding	17,499		14,689		17,809		14,908
Effect of dilutive securities:
Stock options	235		160		277		253

Performance awards	512		688		279		688
Denominator for diluted earnings per common share - weighted average shares outstanding	18,246		15,537		18,365		15,849

Basic earnings per common share:	$	0.74	$	0.40	$	1.11	$	2.22
Diluted earnings per common share:	$	0.71	$	0.38	$	1.08	$	2.09

For the three and nine months ended September 30, 2022, there were 363,073 and 294,310 stock options, respectively, excluded from the computation of diluted earnings per share because the inclusion of such stock option would result in an antidilutive effect. For the three and nine months ended September 30, 2021, no stock options were excluded from the computation of diluted earnings per share.

Our performance awards are considered to be contingently issuable shares because their issuance is contingent upon the satisfaction of certain performance and service conditions. At September 30, 2022, we had satisfied certain performance criteria for the first, second and third predetermined growth targets of our performance awards to be considered outstanding. Therefore, we included these awards in the computation of diluted earnings per share as of the beginning of the reporting period.

Segment Reporting

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

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


Three months ended September 30, 2022
	Funeral		Cemetery		Total
Services	$	38,477	$	4,515	$	42,992
Merchandise	20,777		3,651		24,428
Cemetery property	—		13,179		13,179
Other revenue	3,526		3,372		6,898
Total	$	62,780	$	24,717	$	87,497


Three months ended September 30, 2021
	Funeral		Cemetery		Total
Services	$	41,987	$	4,223	$	46,210
Merchandise	23,532		3,305		26,837
Cemetery property	—		15,206		15,206
Other revenue	3,378		3,410		6,788
Total	$	68,897	$	26,144	$	95,041

Nine months ended September 30, 2022
	Funeral		Cemetery		Total
Services	$	122,133	$	13,146	$	135,279
Merchandise	66,587		10,529		77,116
Cemetery property	—		43,379		43,379
Other revenue	10,353		10,131		20,484
Total	$	199,073	$	77,185	$	276,258

Nine months ended September 30, 2021
	Funeral		Cemetery		Total
Services	$	121,734	$	12,352	$	134,086
Merchandise	68,363		10,387		78,750
Cemetery property	—		46,795		46,795
Other revenue	10,406		9,918		20,324
Total	$	200,503	$	79,452	$	279,955

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 September 30, 2022	$	17,584	$	8,023	$	(10,385)	$	15,222
Three months ended September 30, 2021	22,924		9,471		(9,130)		23,265

Nine months ended September 30, 2022	$	61,531	$	26,662	$	(28,095)	$	60,098
Nine months ended September 30, 2021	65,404		30,462		(25,431)		70,435

Income (loss) before income taxes:
Three months ended September 30, 2022	$	17,605	$	7,985	$	(16,951)	$	8,639
Three months ended September 30, 2021	22,777		9,508		(14,117)		18,168

Nine months ended September 30, 2022	$	64,577	$	26,671	$	(46,005)	$	45,243
Nine months ended September 30, 2021	64,951		30,537		(69,105)		26,383

Total assets:
September 30, 2022	$	759,431	$	371,441	$	16,515	$	1,147,387
December 31, 2021	769,539		390,344		18,748		1,178,631

- 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
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: 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=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: 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=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Supplementary Data

9 Months Ended

Sep. 30, 2022

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, 2021		September 30, 2022
Prepaid and other current assets:
Prepaid expenses	$	2,215	$	3,348

Federal income taxes receivable	4,064		—
State income taxes receivable	—		617
Other current assets	125		166
Total prepaid and other current assets	$	6,404	$	4,131

Current portion of debt and lease obligations:
Acquisition debt	$	521	$	614
Finance lease obligations	375		416
Operating lease obligations	1,913		2,074
Total current portion of debt and lease obligations	$	2,809	$	3,104

Accrued and other liabilities:
Incentive compensation	$	19,121	$	8,801
Insurance	4,089		3,882
Unrecognized tax benefit	3,761		3,272
Vacation	3,334		3,339
Natural disaster liability	2,628		43
Interest	2,250		6,473
Salaries and wages	2,193		3,909
Employer payroll tax deferral	1,773		1,773
Employee meetings and award trips	1,462		868
Commissions	684		798
Income tax payable	485		864
Ad valorem and franchise taxes	450		2,196
Perpetual care trust payable	389		97
Other accrued liabilities	1,154		808
Total accrued and other liabilities	$	43,773	$	37,123

Other long-term liabilities:
Incentive compensation	$	1,291	$	2,038

Other long-term liabilities	128		662
Total other long-term liabilities	$	1,419	$	2,700

Cash Flow

The following information is supplemental disclosure for the Consolidated Statements of Cash Flows (in thousands):


	Nine months ended September 30,
	2021		2022
Cash paid for interest	$	14,817	$	12,981
Cash paid for taxes	9,974		7,046
Unsettled share repurchases	3,801		—
Fair value of donated real property	635		—

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On October 25, 2022, we acquired a business consisting of three funeral home businesses, one cemetery and one cremation focused business in the Charlotte, North Carolina area for $25 million in cash. The consideration for this acquisition was funded through a combination of cash on hand and borrowings under our Credit Facility. On October 25, 2022, in conjunction with our acquisition described above, the Company obtained a limited consent under our Credit Facility from the financial institutions party thereto, as lenders, and Bank of America, N.A., as administrative agent, to consummate the acquisition notwithstanding the Company exceeding the allowed Total Leverage Ratio under the Credit Facility applicable to permitted acquisitions.

Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation and Interim Condensed Disclosures	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, 2021 unless otherwise disclosed herein, and should be read in conjunction therewith.
Use of Estimates	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 critical estimates and judgments, which include those related to the impairment of goodwill and the fair value measurements used in business combinations. These policies are considered critical because they may result in fluctuations in our reported results from period to period due to the significant judgments, estimates and assumptions about complex and inherently uncertain matters and because the use of different judgments, assumptions or estimates could have a material impact on our financial condition or results of operations. 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 because there can be no assurance the margins, operating income and net earnings, as a percentage of revenue, will be consistent from period to period.
Cash and Cash Equivalents	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	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 also 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 6 to the Consolidated Financial Statements herein for additional information related to our funeral and cemetery receivables.
Inventory	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	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.
Goodwill and Intangible Assets	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. We performed our annual goodwill impairment test as of August 31, 2022. 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. We conducted qualitative assessments in 2020 and 2021; however, we performed a quantitative assessment in 2022. 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. Our quantitative goodwill impairment test involves estimates and management judgment. In the quantitative analysis, we compare the fair value of each reporting unit to its carrying value, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, the goodwill of that reporting unit is not considered impaired. We determine fair value for each reporting unit using both an income approach, weighted 90%, and a market approach, weighted 10%. Our methodology for determining an income-based fair value is based on discounting projected future cash flows. The projected future cash flows include assumptions concerning future operating performance and economic conditions that may differ from actual future cash flows discounted at our weighted average cost of capital based on market participant assumptions. Our methodology for determining a market approach fair value utilizes the guideline public company method, in which we rely on market multiples of comparable companies operating in the same industry as the individual reporting units. In accordance with the guidance, if the fair value of the reporting unit is less than its carrying amount an impairment charge is recorded in an amount equal to the difference. Our 2022 quantitative assessment is not complete at the time of this filing, but we do not expect any impairment to goodwill as a result of our testing. For our 2020 and 2021 annual qualitative assessments, there was no impairment to goodwill as the fair value of our reporting units was greater than the carrying value. 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 value 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 4 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. We performed our annual intangible assets impairment test as of August 31, 2022. 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. We conducted qualitative assessments in 2020 and 2021; however, we performed a quantitative assessment in 2022. In addition to our intangible assets 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. Our quantitative intangible asset impairment test involves estimates and management judgment. Our quantitative analysis is performed using the relief from royalty method, which measures the tradenames by determining the value of the royalties that we are relieved from paying due to our ownership of the asset. We determine the fair value of the asset by discounting the cash flows that represent a savings in lieu of paying a royalty fee for use of the tradename. The discounted cash flow valuation uses projections of future cash flows and includes assumptions concerning future operating performance and economic conditions that may differ from actual future cash flows and the determination and application of an appropriate royalty rate and discount rate. To estimate the royalty rates for the individual tradename, we mainly rely on the profit split method, but also consider the comparable third-party license agreements and the return on asset method. A scorecard is used to assess the relative strength of the individual tradename to further adjust the royalty rates selected under the profit-split method for qualitative factors. In accordance with the guidance, if the fair value of the tradename is less than its carrying amount, then an impairment charge is recorded in an amount equal to the difference. Our 2022 quantitative assessment is not complete at the time of this filing, but we do not expect any impairment to intangible assets as a result of our testing. For our 2020 and 2021 qualitative assessments, there was no impairment to intangibles assets as the fair value of our intangible assets was greater than the carrying value. See Note 10 to the Consolidated Financial Statements included herein for additional information related to our intangible assets.
Property, Plant and Equipment	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 and right-of-use assets (see discussion of Leases below), are reported at the lower of their carrying amount or fair value and are reviewed for impairment whenever events, such as significant negative industry or economic trends, or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Subsequent Events	Subsequent Events We have evaluated events and transactions during the period subsequent to September 30, 2022 through the date the financial statements were issued for potential recognition or disclosure in the accompanying financial statements covered by this report. See Note 19 to the Consolidated Financial Statements included herein for additional information related to our subsequent events.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted Reference Rate Reform In March 2020, the FASB issued ASU, Reference Rate Reform (“Topic 848”) to provide optional guidance for a limited time to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts and hedging relationships that reference London InterBank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. These amendments are effective immediately and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. Contract modifications are required to be evaluated in determining whether the modifications result in the establishment of new contracts or the continuation of existing contracts. We adopted this amendment in March 2020. On May 27, 2022, we amended our Credit Facility (defined in Note 11) to establish the Bloomberg Short-Term Bank Yield Index Rate (“BSBY”) as a benchmark rate and removed LIBOR from our Credit Facility, among other things. We did not apply the optional expedients provided by the guidance in Topic 848. See Note 11 to the Consolidated Financial Statements herein for additional information related to the amended Credit Facility. Business Combinations - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB issued ASU, Business Combinations (“Topic 805”) to improve the accounting for acquired revenue contracts with customers in a business combination. The amendments in this update provide specific guidance on how to recognize and measure acquired contract assets and contract liabilities from revenue contracts in a business combination. These amendments require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606 – Revenue from Contracts with Customers (“Topic 606”). At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. These amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively to business combinations occurring on or after the effective date of the amendments. We plan to adopt the provisions of Topic 805 for our fiscal year beginning January 1, 2023. We are still evaluating the impact of adoption on our consolidated financial statements. Credit Losses - Vintage Disclosures In March 2022, the FASB issued ASU, Financial Instruments - Credit Losses (“Topic 326”) to make the requirement to disclose gross write-offs by class of financing receivable and major security type consistent for all public business entities. The amendment in this update provides specific guidance on the disclosure for current period write-offs by year of origination for financing receivables. This amendment is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively to disclosures occurring on or after the effective date of the amendment. We plan to adopt the provisions of Topic 326 for our fiscal year beginning January 1, 2023. We expect the adoption will have no impact on our consolidated financial statements.

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

9 Months Ended

Sep. 30, 2022

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, 2021		September 30, 2022
Land	$	82,095	$	83,757
Buildings and improvements	240,387		250,890
Furniture, equipment and automobiles	73,377		68,919
Property, plant and equipment, at cost	395,859		403,566
Less: accumulated depreciation	(126,492)		(127,589)
Property, plant and equipment, net	$	269,367	$	275,977

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of Purchase Price Allocation

(in thousands):


	Estimated Fair Values
Current assets	$	28

Property, plant & equipment	2,986

Goodwill	2,694
Intangible and other non-current assets	542




Purchase price	$	6,250

Goodwill (Tables)

9 Months Ended

Sep. 30, 2022

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, 2021		September 30, 2022
Goodwill at the beginning of the period	$	392,978	$	391,972
Increase in goodwill related to acquisitions	—		2,694
Decrease in goodwill related to divestitures	(1,006)		(901)

Goodwill at the end of the period	$	391,972	$	393,765

Divested Operations (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Operating Results And Gain On Discontinued Operations

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Revenue	$	(10)	$	—	$	338	$	296

Operating income (loss)	(41)		—		(54)		25
Gain (loss) on divestitures(1)	—		—		103		(703)
Income tax benefit (expense)	12		—		(14)		188
Net income (loss) from divested operations, after tax	$	(29)	$	—	$	35	$	(490)

(1)

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

Trust Investments (Tables)

9 Months Ended

Sep. 30, 2022

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, 2021		September 30, 2022
Preneed cemetery trust investments, at market value	$	103,808	$	90,130
Less: allowance for contract cancellation	(2,905)		(3,100)
Preneed cemetery trust investments	$	100,903	$	87,030

Cost and fair market values associated with preneed cemetery trust investments

The cost and market values associated with preneed cemetery trust investments at September 30, 2022 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	6,852	$	—	$	—	$	6,852
Fixed income securities:

U.S. agency obligations	2	803		—		(76)		727
Foreign debt	2	11,146		533		(1,024)		10,655
Corporate debt	2	14,073		37		(3,311)		10,799
Preferred stock	2	12,568		367		(1,665)		11,270
Certificates of deposit	2	79		—		(7)		72
Common stock	1	45,169		2,483		(7,816)		39,836
Mutual funds:
Equity	1	309		—		(63)		246
Fixed income	2	12,324		8		(3,603)		8,729
Trust securities		$	103,323	$	3,428	$	(17,565)	$	89,186
Accrued investment income		$	944					$	944
Preneed cemetery trust investments								$	90,130
Market value as a percentage of cost								86.3%

The cost and market values associated with preneed cemetery trust investments at December 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	$	3,088	$	—	$	—	$	3,088
Fixed income securities:
Foreign debt	2	15,846		2,025		(953)		16,918
Corporate debt	2	12,965		1,374		(49)		14,290
Preferred stock	2	12,455		1,111		(344)		13,222

Common stock	1	40,992		6,906		(4,079)		43,819
Mutual funds:
Equity	1	28		8		—		36
Fixed income	2	11,443		615		(567)		11,491
Trust Securities		$	96,817	$	12,039	$	(5,992)	$	102,864
Accrued investment income		$	944					$	944
Preneed cemetery trust investments								$	103,808
Market value as a percentage of cost								106.2%

The following table reflects the cost and market values associated with the trust investments held in cemetery perpetual care trust funds at September 30, 2022 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	3,889	$	—	$	—	$	3,889
Fixed income securities:

Foreign debt	2	7,872		344		(757)		7,459
Corporate debt	2	9,705		63		(2,349)		7,419
Preferred stock	2	9,673		237		(1,238)		8,672

Common stock	1	29,510		1,651		(5,289)		25,872
Mutual funds:
Equity	1	199		—		(40)		159
Fixed Income	2	8,895		5		(2,473)		6,427
Trust securities		$	69,743	$	2,300	$	(12,146)	$	59,897
Accrued investment income		$	672					$	672
Cemetery perpetual care investments								$	60,569
Market value as a percentage of cost								85.9%

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


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	1,447	$	—	$	—	$	1,447
Fixed income securities:
Foreign debt	2	10,949		1,401		(647)		11,703
Corporate debt	2	9,139		1,065		(32)		10,172
Preferred stock	2	9,742		803		(226)		10,319

Common stock	1	27,853		4,990		(3,008)		29,835
Mutual funds:
Equity	1	19		5		—		24
Fixed income	2	8,141		530		(460)		8,211
Trust securities		$	67,290	$	8,794	$	(4,373)	$	71,711
Accrued investment income		$	689					$	689
Cemetery perpetual care investments								$	72,400
Market value as a percentage of cost								106.6%

Estimated maturities of fixed preneed cemetery trust income securities

The estimated maturities of the fixed income securities (excluding mutual funds) at September 30, 2022 included above are as follows (in thousands):


Due in one year or less	$	1,515
Due in one to five years	6,815
Due in five to ten years	6,435
Thereafter	18,758
Total fixed income securities	$	33,523

The estimated maturities of the fixed income securities (excluding mutual funds) at September 30, 2022 included above are as follows (in thousands):


Due in one year or less	$	978
Due in one to five years	4,038
Due in five to ten years	4,400
Thereafter	14,134
Total fixed income securities	$	23,550

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


	September 30, 2022
	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:
U.S. agency obligations	$	728	$	(76)	$	—	$	—	$	728	$	(76)
Foreign debt	6,829		(528)		583		(496)		7,412		(1,024)
Corporate debt	7,886		(3,111)		580		(200)		8,466		(3,311)
Preferred stock	6,438		(1,088)		3,356		(577)		9,794		(1,665)
Certificates of deposit	72		(7)		—		—		72		(7)
Total fixed income securities with an unrealized loss	$	21,953	$	(4,810)	$	4,519	$	(1,273)	$	26,472	$	(6,083)


	December 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	$	4,228	$	(517)	$	629	$	(436)	$	4,857	$	(953)
Corporate debt	1,037		(49)		—		—		1,037		(49)
Preferred stock	1,301		(63)		2,913		(281)		4,214		(344)

Total fixed income securities with an unrealized loss	$	6,566	$	(629)	$	3,542	$	(717)	$	10,108	$	(1,346)


	September 30, 2022
	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	$	4,939	$	(393)	$	427	$	(364)	$	5,366	$	(757)
Corporate debt	5,237		(2,219)		374		(130)		5,611		(2,349)
Preferred stock	4,937		(814)		2,782		(424)		7,719		(1,238)

Total fixed income securities with an unrealized loss	$	15,113	$	(3,426)	$	3,583	$	(918)	$	18,696	$	(4,344)


	December 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	$	2,649	$	(321)	$	468	$	(326)	$	3,117	$	(647)
Corporate debt	846		(32)		—		—		846		(32)
Preferred stock	856		(41)		1,917		(185)		2,773		(226)

Total fixed income securities with an unrealized loss	$	4,351	$	(394)	$	2,385	$	(511)	$	6,736	$	(905)

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Investment income	$	441	$	556	$	1,570	$	1,618
Realized gains	2,207		392		16,315		9,285
Realized losses	(214)		(105)		(6,563)		(2,488)
Unrealized gains (losses), net	(3,966)		(5,037)		4,893		(14,137)
Expenses and taxes	(546)		(482)		(1,308)		(1,353)
Net change in deferred preneed cemetery receipts held in trust	2,078		4,676		(14,907)		7,075
	$	—	$	—	$	—	$	—

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Purchases	$	(7,532)	$	(459)	$	(34,740)	$	(2,083)
Sales	6,446		—		33,847		661

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, 2021		September 30, 2022
Preneed funeral trust investments, at market value	$	116,973	$	102,028
Less: allowance for contract cancellation	(3,315)		(3,390)
Preneed funeral trust investments	$	113,658	$	98,638

Estimated maturities of fixed preneed funeral trust income securities

The estimated maturities of the fixed income securities (excluding mutual funds) at September 30, 2022 included above are as follows (in thousands):


Due in one year or less	$	1,382
Due in one to five years	5,678
Due in five to ten years	5,623
Thereafter	16,464
Total fixed income securities	$	29,147

Cost and fair market values associated with preneed funeral trust investments

The cost and market values associated with preneed funeral trust investments at September 30, 2022 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	26,473	$	—	$	—	$	26,473
Fixed income securities:
U.S treasury debt	1	551		—		(51)		500

Foreign debt	2	10,018		486		(897)		9,607
Corporate debt	2	12,024		32		(2,772)		9,284
Preferred stock	2	10,898		335		(1,477)		9,756

Common stock	1	39,081		2,234		(6,655)		34,660
Mutual funds:
Equity	1	282		—		(57)		225
Fixed income	2	10,028		7		(2,979)		7,056
Other investments	2	3,635		—		—		3,635
Trust securities		$	112,990	$	3,094	$	(14,888)	$	101,196
Accrued investment income		$	832					$	832
Preneed funeral trust investments								$	102,028
Market value as a percentage of cost								89.6%

The cost and market values associated with preneed funeral trust investments at December 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	$	23,438	$	—	$	—	$	23,438
Fixed income securities:

Foreign debt	2	14,936		1,874		(887)		15,923
Corporate debt	2	11,231		1,223		(46)		12,408
Preferred stock	2	11,001		986		(319)		11,668

Common stock	1	36,694		6,417		(3,574)		39,537
Mutual funds:
Equity	1	26		7		—		33
Fixed income	2	9,396		454		(470)		9,380
Other investments	2	3,754		—		—		3,754
Trust securities		$	110,476	$	10,961	$	(5,296)	$	116,141
Accrued investment income		$	832					$	832
Preneed funeral trust investments								$	116,973
Market value as a percentage of cost								105.1%

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


	September 30, 2022
	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:
U.S. treasury debt	$	500	$	(51)	$	—	$	—	$	500	$	(51)
Foreign debt	6,151		(475)		498		(422)		6,649		(897)
Corporate debt	6,676		(2,589)		529		(183)		7,205		(2,772)
Preferred stock	5,436		(953)		2,973		(524)		8,409		(1,477)

Total fixed income securities with an unrealized loss	$	18,763	$	(4,068)	$	4,000	$	(1,129)	$	22,763	$	(5,197)


	December 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	$	4,251	$	(509)	$	548	$	(378)	$	4,799	$	(887)
Corporate debt	965		(46)		—		—		965		(46)
Preferred stock	1,211		(58)		2,710		(261)		3,921		(319)

Total fixed income securities with an unrealized loss	$	6,427	$	(613)	$	3,258	$	(639)	$	9,685	$	(1,252)

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Investment income	$	357	$	398	$	1,261	$	1,245
Realized gains	2,072		357		15,331		8,247
Realized losses	(201)		(96)		(6,097)		(2,242)
Unrealized gains (losses), net	(3,728)		(4,394)		4,478		(11,794)
Expenses and taxes	(409)		(214)		(1,041)		(751)
Net change in deferred preneed funeral receipts held in trust	1,909		3,949		(13,932)		5,295
	$	—	$	—	$	—	$	—

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Purchases	$	(6,729)	$	—	$	(32,219)	$	(590)
Sales	6,864		8		32,153		538

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Purchases	$	(5,049)	$	(233)	$	(24,105)	$	(644)
Sales	4,431		—		23,695		441

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, 2021		September 30, 2022
Cemetery perpetual care trust investments, at market value	$	72,400	$	60,569
Obligations due from trust	(1,244)		(502)
Care trusts’ corpus	$	71,156	$	60,067

Preneed Funeral Trust Investment Security Transactions

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Realized gains	$	275	$	48	$	2,224	$	1,292
Realized losses	(26)		(13)		(942)		(302)
Unrealized gains (losses), net	(3,070)		(3,730)		3,747		(9,846)
Net change in Care trusts’ corpus	2,821		3,695		(5,029)		8,856
Total	$	—	$	—	$	—	$	—

Cemetery perpetual care trust investment security transactions recorded in Other revenue are as follows (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Investment income	$	2,881	$	3,075	$	8,104	$	8,613
Realized losses, net	(278)		(739)		(557)		(1,343)
Total	$	2,603	$	2,336	$	7,547	$	7,270

Receivables (Tables)

9 Months Ended

Sep. 30, 2022

Preneed Cemetery Receivables [Abstract]

Schedule of Accounts Receivable

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


	September 30, 2022
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	7,992	$	14,524	$	—	$	22,516
Other receivables	509		1,047		189		1,745
Allowance for credit losses	(255)		(654)		—		(909)
Accounts receivable, net	$	8,246	$	14,917	$	189	$	23,352


	December 31, 2021
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	10,728	$	13,629	$	—	$	24,357
Other receivables	329		1,433		185		1,947
Allowance for credit losses	(365)		(625)		—		(990)
Accounts receivable, net	$	10,692	$	14,437	$	185	$	25,314

Preneed Cemetery Receivables

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


	December 31, 2021		September 30, 2022
Interment rights	$	40,863	$	43,888
Merchandise and services	7,348		8,233
Unearned finance charges	4,644		4,778
Preneed cemetery receivables	$	52,855	$	56,899

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


	December 31, 2021		September 30, 2022
Preneed cemetery receivables	$	52,855	$	56,899
Less: unearned finance charges	(4,644)		(4,778)
Preneed cemetery receivables, at amortized cost	$	48,211	$	52,121
Less: allowance for credit losses	(1,704)		(1,832)
Less: balances due on undelivered cemetery preneed contracts	(10,353)		(10,546)
Less: amounts in accounts receivable	(13,004)		(13,870)
Preneed cemetery receivables, net	$	23,150	$	25,873

The amortized cost basis of our preneed cemetery receivables by year of origination at September 30, 2022 is as follows (in thousands):


	2022		2021		2020		2019		2018		Prior		Total
Total preneed cemetery receivables, at amortized cost	$	21,973	$	14,838	$	7,854	$	4,376	$	1,585	$	1,495	$	52,121

Preneed Cemetery Receivables

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


	January 1, 2022		Provision for Credit Losses		Write Offs		Recoveries		September 30, 2022
Trade and financed receivables:
Funeral	$	(365)	$	(1,104)	$	2,150	$	(936)	$	(255)
Cemetery	(625)		(452)		423		—		(654)
Total allowance for credit losses on Trade and financed receivables	$	(990)	$	(1,556)	$	2,573	$	(936)	$	(909)

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


	January 1, 2022		Provision for Credit Losses		Write Offs		September 30, 2022
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,079)	$	(736)	$	637	$	(1,178)

Aging of Past Due Financing Receivables

The aging of past due preneed cemetery receivables at September 30, 2022 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	$	634	$	357	$	148	$	2,042	$	3,181	$	38,394	$	41,575
Deferred revenue	185		147		441		518		1,291		14,033		15,324
Total contracts	$	819	$	504	$	589	$	2,560	$	4,472	$	52,427	$	56,899

Receivables from Preneed Funeral Trusts (Tables)

9 Months Ended

Sep. 30, 2022

Receivables From Preneed Trusts [Abstract]

Receivables from Preneed Trusts

We account for these investments at cost. Receivables from preneed funeral trusts are as follows (in thousands):


	December 31, 2021		September 30, 2022
Preneed funeral trust funds, at cost	$	19,597	$	20,741
Less: allowance for contract cancellation	(588)		(622)
Receivables from preneed funeral trusts, net	$	19,009	$	20,119

Composition of Assets Held in Trust

The composition of the preneed funeral trust funds at September 30, 2022 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	5,973	$	5,973
Fixed income investments	12,078		12,078
Mutual funds and common stocks	2,687		2,363
Annuities	3		3
Total	$	20,741	$	20,417

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


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	5,595	$	5,595
Fixed income investments	11,386		11,386
Mutual funds and common stocks	2,611		2,682
Annuities	5		5
Total	$	19,597	$	19,668

Intangible and Other Non-Current Assets (Tables)

9 Months Ended

Sep. 30, 2022

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, 2021		September 30, 2022
Tradenames	$	23,565	$	24,108
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,373, respectively	2,247		1,884
Capitalized commissions on preneed contracts, net of accumulated amortization of $2,278 and $2,803, respectively	3,560		3,963

Other	6		496
Intangible and other non-current assets, net	$	29,378	$	30,451

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The aggregate amortization expense for our non-compete agreements and capitalized commissions as of September 30, 2022 is as follows (in thousands):


	Prepaid Agreements		Capitalized Commissions
Years ending December 31,
Remainder of 2022	$	135	$	186
2023	496		710
2024	381		650
2025	372		585
2026	257		518
Thereafter	243		1,314
Total amortization expense	$	1,884	$	3,963

Credit Facility and Acquisition Debt (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt

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


	December 31, 2021		September 30, 2022
Credit Facility	$	155,400	$	169,000
Debt issuance costs, net of accumulated amortization of $1,324 and $1,617, respectively	(1,543)		(1,590)
Total Credit Facility	$	153,857	$	167,410

Acquisition debt	$	4,500	$	4,460
Less: current portion	(521)		(614)
Total acquisition debt, net of current portion	$	3,979	$	3,846

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Acquisition debt imputed interest expense	$	90	$	78	$	280	$	237

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Senior Notes interest expense	$	4,250	$	4,250	$	17,517	$	12,730
Senior Notes amortization of debt discount	118		125		384		368
Senior Notes amortization of debt premium	—		—		85		—
Senior Notes amortization of debt issuance costs	34		35		161		104

Schedule of Line of Credit Facilities

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Credit Facility interest expense	$	383	$	1,971	$	1,200	$	4,132
Credit Facility amortization of debt issuance costs	80		109		297		293

- 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
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-Section S99
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-Subparagraph (SX 210.12-04(a))
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

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+ Details

Senior Notes (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The carrying value of our 4.25% senior notes due 2029 (the “Senior Notes”) is reflected on our Consolidated Balance Sheet as follows (in thousands):


	December 31, 2021		September 30, 2022
Long-term liabilities:
Principal amount	$	400,000	$	400,000

Debt discount, net of accumulated amortization of $301 and $669, respectively	(4,199)		(3,831)
Debt issuance costs, net of accumulated amortization of $86 and $190, respectively	(1,191)		(1,087)
Carrying value of the Senior Notes	$	394,610	$	395,082

Schedule of Long-term Debt

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


	December 31, 2021		September 30, 2022
Credit Facility	$	155,400	$	169,000
Debt issuance costs, net of accumulated amortization of $1,324 and $1,617, respectively	(1,543)		(1,590)
Total Credit Facility	$	153,857	$	167,410

Acquisition debt	$	4,500	$	4,460
Less: current portion	(521)		(614)
Total acquisition debt, net of current portion	$	3,979	$	3,846

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Acquisition debt imputed interest expense	$	90	$	78	$	280	$	237

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Senior Notes interest expense	$	4,250	$	4,250	$	17,517	$	12,730
Senior Notes amortization of debt discount	118		125		384		368
Senior Notes amortization of debt premium	—		—		85		—
Senior Notes amortization of debt issuance costs	34		35		161		104

- Definition

+ References

+ Details

Leases - (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Components of Lease Expense

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


		Three months ended September 30,				Nine months ended September 30,
	Income Statement Classification	2021		2022		2021		2022
Operating lease cost	Facilities and grounds expense(1)	$	947	$	863	$	2,871	$	2,564
Short-term lease cost	Facilities and grounds expense(1)	39		82		145		260
Variable lease cost	Facilities and grounds expense(1)	43		37		100		60

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	111	$	111	$	328	$	328
Interest on lease liabilities	Interest expense	117		110		356		335
Total finance lease cost		228		221		684		663
Total lease cost		$	1,257	$	1,203	$	3,800	$	3,547



(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 General, administrative and other on our Consolidated Statements of Operations.

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


	Nine months ended September 30,
	2021		2022
Cash paid for operating leases included in operating activities	$	2,891	$	2,698
Cash paid for finance leases included in financing activities	626		646

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


	Nine months ended September 30,
	2021		2022
Right-of-use assets obtained in exchange for new operating lease liabilities	$	(1,358)	$	764
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, 2021		September 30, 2022
Operating lease right-of-use assets	Operating lease right-of-use assets	$	17,881	$	17,295

Finance lease right-of-use assets	Property, plant and equipment, net	$	6,770	$	6,770
Accumulated depreciation	Property, plant and equipment, net	(2,443)		(2,771)
Finance lease right-of-use assets, net		$	4,327	$	3,999

Operating lease current liabilities	Current portion of operating lease obligations	$	1,913	$	2,074
Finance lease current liabilities	Current portion of finance lease obligations	375		416
Total current lease liabilities		$	2,288	$	2,490

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	18,520	$	17,638
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,157		4,842
Total non-current lease liabilities		$	23,677	$	22,480

Total lease liabilities		$	25,965	$	24,970

The average lease terms and discount rates at September 30, 2022 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	9.1	8.0	%
Finance leases	11.8	8.2	%

Maturities of Operating Lease Liabilities

The aggregate future lease payments for operating and finance leases at September 30, 2022 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2022	$	899	$	222
2023	3,557		860
2024	3,535		791
2025	3,306		736
2026	3,240		745
Thereafter	13,112		4,810
Total lease payments	27,649		8,164
Less: Interest	(7,937)		(2,906)
Present value of lease liabilities	$	19,712	$	5,258

Maturities of Financing Lease Liabilities

The aggregate future lease payments for operating and finance leases at September 30, 2022 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2022	$	899	$	222
2023	3,557		860
2024	3,535		791
2025	3,306		736
2026	3,240		745
Thereafter	13,112		4,810
Total lease payments	27,649		8,164
Less: Interest	(7,937)		(2,906)
Present value of lease liabilities	$	19,712	$	5,258

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

Share-based Payment Arrangement [Abstract]

Dividends Declared

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


2022	Per Share		Dollar Value
March 1st	$	0.1125	$	1,725
June 1st	$	0.1125	$	1,730
September 1st	$	0.1125	$	1,653

2021	Per Share		Dollar Value
March 1st	$	0.1000	$	1,799
June 1st	$	0.1000	$	1,808
September 1st	$	0.1000	$	1,783

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Restricted stock activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted(1)	—	$	—	—	$	—	9,300	$	324	—	$	—
Returned for payroll taxes	711	$	28	—	$	—	10,399	$	375	4,136	$	205
Cancelled	—	$	—	500	$	16	966	$	27	1,950	$	63

(1)

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

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:


			2022
Dividend yield			0.01%
Expected volatility			30.24%
Risk-free interest rate			0.08%, 0.22%, 0.31%, 0.40%
Expected life (years)			0.25, 0.50, 0.75, 1.00

Share-based Payment Arrangement, Performance Shares, Outstanding Activity

Non-Employee Director and Board Advisor common stock activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Board of Directors (1)	3,192	$	142	2,214	$	71	12,565	$	480	7,255	$	307
Advisor to the Board (1)	112	$	5	155	$	5	389	$	15	374	$	15

(1)

Share-based Payment Arrangement, Option, Activity

Stock option grants and cancellations are as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted(1)	—	$	—	—	$	—	701,400	$	7,115	58,500	$	959
Granted(2)	—	$	—	—	$	—	—	$	—	310,000	$	5,388
Granted(3)	—	$	—	—	$	—	150,000	$	1,684	—	$	—
Granted(4)	—	$	—	12,600	$	143	—	$	—	12,600	$	143
Cancelled	6,000	$	61	3,652	$	37	19,684	$	181	28,790	$	322



(1)			Stock options granted during the nine months ended September 30, 2021 and 2022 had a weighted average price of $34.79 and $49.48, respectively. The fair value of these options was calculated using the Black-Scholes option pricing model. The options granted in 2021 and 2022 vest over a five-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.
(2)			Stock options granted during the nine months ended September 30, 2022 had a weighted average price of $49.48. The fair value of these options was calculated using the Black-Scholes option pricing model and vest over a seven-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.
(3)			We granted 150,000 options to a 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 $53.39 (50,000 options) and $77.34 (100,000 options) 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.
(4)			Stock options granted during the three and nine months ended September 30, 2022 had a weighted average price of $31.58. The fair value of these options was calculated using the Black-Scholes option pricing model and vest over a three-year period and have a ten-year term. These options will vest if the employee has remained continuously employed by us through the vesting period.

Additional stock option activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Cash		Shares	Cash		Shares	Cash		Shares	Cash
Exercised(1)	32,665	(1)		—	—		314,294	(1)		18,736	(1)
Returned for option price(2)	17,790	$	—	—	$	—	166,359	$	880	8,125	$	60
Returned for payroll taxes(3)	2,192	$	82	—	$	—	20,163	$	1,058	1,601	$	82



(1)			Stock options exercised during the three months ended September 30, 2021 had a weighted average exercise price of $21.81, with an aggregate intrinsic value of $0.6 million. Stock options exercised during the nine months ended September 30, 2021 and 2022 had a weighted average exercise price of $21.78 and $25.88, respectively, with an aggregate intrinsic value of $5.0 million and $0.5 million, respectively.
(2)			Represents shares withheld/cash received for the payment of the option price.
(3)			Represents shares withheld/cash paid for the payment of payroll taxes.

Share-based Payment Arrangement, Activity

Performance award activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted	29,548	$	1,062	—	$	—	39,802	$	1,464	27,013	$	1,262
Cancelled	6,987	$	101	—	$	—	41,922	$	598	20,961	$	201

Common stock issued to certain employees under this incentive program is as follows (in thousands, except shares):


Three months ended September 30,						Nine months ended September 30,
2021			2022			2021			2022
Shares	Fair Value		Shares	Fair Value		Shares	Fair Value		Shares	Fair Value (1)
—	$	—	—	$	—	—	$	—	27,448	$	1,358

(1)

Common stock granted during the nine months ended September 30, 2022 had a grant date stock price of $49.48.

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity

ESPP activity is as follows (in thousands, except shares):


	Three months ended September 30,						Nine months ended September 30,
	2021			2022			2021			2022
	Shares	Price		Shares	Price		Shares	Price		Shares	Price
ESPP	14,734	$	26.32	13,795	$	27.34	46,622	$	26.32	38,884	$	35.42

Schedule of Share Repurchase Activity

Share repurchase activity is as follows (dollar value in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Number of Shares Repurchased(1)	1,203,493		—		1,528,197		695,496
Average Price Paid Per Share	$	44.24	$	—	$	42.89	$	49.22
Dollar Value of Shares Repurchased(1)	$	53,239	$	—	$	65,540	$	34,234

(1)

During the three and nine months ended September 30, 2021, 84,000 shares settled in October 2021, which had a cost of $3.8 million.

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30,				Nine months ended September 30,
	2021		2022		2021		2022
Numerator for basic and diluted earnings per share:
Net income	$	13,046	$	5,860	$	19,812	$	33,361
Less: Earnings allocated to unvested restricted stock	(18)		(3)		(33)		(21)
Income attributable to common stockholders	$	13,028	$	5,857	$	19,779	$	33,340

Denominator:
Denominator for basic earnings per common share - weighted average shares outstanding	17,499		14,689		17,809		14,908
Effect of dilutive securities:
Stock options	235		160		277		253

Performance awards	512		688		279		688
Denominator for diluted earnings per common share - weighted average shares outstanding	18,246		15,537		18,365		15,849

Basic earnings per common share:	$	0.74	$	0.40	$	1.11	$	2.22
Diluted earnings per common share:	$	0.71	$	0.38	$	1.08	$	2.09

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

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 September 30, 2022
	Funeral		Cemetery		Total
Services	$	38,477	$	4,515	$	42,992
Merchandise	20,777		3,651		24,428
Cemetery property	—		13,179		13,179
Other revenue	3,526		3,372		6,898
Total	$	62,780	$	24,717	$	87,497


Three months ended September 30, 2021
	Funeral		Cemetery		Total
Services	$	41,987	$	4,223	$	46,210
Merchandise	23,532		3,305		26,837
Cemetery property	—		15,206		15,206
Other revenue	3,378		3,410		6,788
Total	$	68,897	$	26,144	$	95,041

Nine months ended September 30, 2022
	Funeral		Cemetery		Total
Services	$	122,133	$	13,146	$	135,279
Merchandise	66,587		10,529		77,116
Cemetery property	—		43,379		43,379
Other revenue	10,353		10,131		20,484
Total	$	199,073	$	77,185	$	276,258

Nine months ended September 30, 2021
	Funeral		Cemetery		Total
Services	$	121,734	$	12,352	$	134,086
Merchandise	68,363		10,387		78,750
Cemetery property	—		46,795		46,795
Other revenue	10,406		9,918		20,324
Total	$	200,503	$	79,452	$	279,955

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

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 September 30, 2022	$	17,584	$	8,023	$	(10,385)	$	15,222
Three months ended September 30, 2021	22,924		9,471		(9,130)		23,265

Nine months ended September 30, 2022	$	61,531	$	26,662	$	(28,095)	$	60,098
Nine months ended September 30, 2021	65,404		30,462		(25,431)		70,435

Income (loss) before income taxes:
Three months ended September 30, 2022	$	17,605	$	7,985	$	(16,951)	$	8,639
Three months ended September 30, 2021	22,777		9,508		(14,117)		18,168

Nine months ended September 30, 2022	$	64,577	$	26,671	$	(46,005)	$	45,243
Nine months ended September 30, 2021	64,951		30,537		(69,105)		26,383

Total assets:
September 30, 2022	$	759,431	$	371,441	$	16,515	$	1,147,387
December 31, 2021	769,539		390,344		18,748		1,178,631

Supplementary Data (Tables)

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplementary Balance Sheet Disclosures

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


	December 31, 2021		September 30, 2022
Prepaid and other current assets:
Prepaid expenses	$	2,215	$	3,348

Federal income taxes receivable	4,064		—
State income taxes receivable	—		617
Other current assets	125		166
Total prepaid and other current assets	$	6,404	$	4,131

Current portion of debt and lease obligations:
Acquisition debt	$	521	$	614
Finance lease obligations	375		416
Operating lease obligations	1,913		2,074
Total current portion of debt and lease obligations	$	2,809	$	3,104

Accrued and other liabilities:
Incentive compensation	$	19,121	$	8,801
Insurance	4,089		3,882
Unrecognized tax benefit	3,761		3,272
Vacation	3,334		3,339
Natural disaster liability	2,628		43
Interest	2,250		6,473
Salaries and wages	2,193		3,909
Employer payroll tax deferral	1,773		1,773
Employee meetings and award trips	1,462		868
Commissions	684		798
Income tax payable	485		864
Ad valorem and franchise taxes	450		2,196
Perpetual care trust payable	389		97
Other accrued liabilities	1,154		808
Total accrued and other liabilities	$	43,773	$	37,123

Other long-term liabilities:
Incentive compensation	$	1,291	$	2,038

Other long-term liabilities	128		662
Total other long-term liabilities	$	1,419	$	2,700

Supplemental Disclosure of the Consolidated Statements of Cash Flows

The following information is supplemental disclosure for the Consolidated Statements of Cash Flows (in thousands):


	Nine months ended September 30,
	2021		2022
Cash paid for interest	$	14,817	$	12,981
Cash paid for taxes	9,974		7,046
Unsettled share repurchases	3,801		—
Fair value of donated real property	635		—

Basis of Presentation and Summary of Significant Accounting Policies (Operations) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) funeral_home state cemeteries	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) segment funeral_home state cemeteries divestiture	Sep. 30, 2021 USD ($) divestiture	Dec. 31, 2021 USD ($)
Organization Description and Operations [Line Items]
Depreciation expense	$ 3,400	$ 3,400	$ 10,100	$ 10,200
Number of business segments \| segment			2
Amortization expense for cemetery interment rights	$ 1,300	1,500	$ 4,300	5,200
The percentage of trust assets in custody of institution receiving trust management services	80.00%		80.00%
Income Tax Expense (Benefit), Net Of Uncertain Tax Positions	$ (2,779)	$ (5,122)	$ (12,082)	$ (6,571)
Income taxes before discrete items	(30.60%)	(28.20%)	(27.80%)	(28.30%)
Accumulated amortization	$ (57,400)		$ (57,400)		$ (53,100)
Option to renew lease	40 years		40 years
Property, plant and equipment, gross	$ 101,700		$ 101,700		$ 100,700
Property, Plant and Equipment, Disposals			1,800
Total benefit for income taxes	2,779	$ 5,122	$ 12,082	$ 6,571
Number of businesses sold \| divestiture			2	3
Proceeds from sale of property			$ 3,300
Quantitative Impairment Test			3 years
Qualitative Impairment Test			2 years
Gain (Loss) on Sale of Properties			$ 1,400
Growth and Maintenance Expenses	$ 5,300	5,000	15,100	$ 11,100
Growth Capital Expenditures		$ 1,500	$ 5,200	$ 4,100
Funeral and Cemetery
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
Organization Description and Operations [Line Items]
Number of owned and operated funeral homes (in Funeral Homes) \| funeral_home	169		169
Number of states in which Company operates \| state	26		26
Revenue, Percentage	70.00%		70.00%
Cemeteries
Organization Description and Operations [Line Items]
Number of states in which Company operates \| state	11		11
Number of owned and operated cemeteries (in Cemetaries) \| cemeteries	31		31
Revenue, Percentage	30.00%		30.00%
Funeral
Organization Description and Operations [Line Items]
Number of businesses sold \| divestiture			2	3
Funeral homes
Organization Description and Operations [Line Items]
Property, Plant and Equipment, Disposals			$ 700	$ 2,400
Minimum
Organization Description and Operations [Line Items]
Service Contract, Term			8 years
Lessee, Operating Lease, Term of Contract	1 year		1 year
Lessee, Finance Lease, Term of Contract	10 years		10 years
Maximum
Organization Description and Operations [Line Items]
Service Contract, Term			10 years
Lessee, Operating Lease, Term of Contract	20 years		20 years
Lessee, Finance Lease, Term of Contract	40 years		40 years

Basis of Presentation and Summary of Significant Accounting Policies - Business Combinations (Details) - Kissimmee, Florida, two funeral homes $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Aug. 08, 2022 funeral_home
Organization Description and Operations [Line Items]
Number of funeral homes acquired \| funeral_home			2
Purchase price \| $	$ 6.3	$ 6.3

Basis of Presentation and Summary of Significant Accounting Policies (PPE) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 403,566		$ 403,566		$ 395,859
Less: accumulated depreciation	(127,589)		(127,589)		(126,492)
Property, plant and equipment, net	275,977		275,977		269,367
Payments to acquire real estate			5,600	$ 3,300
Depreciation expense	3,400	$ 3,400	10,100	10,200
Property, plant and equipment, gross	101,700		101,700		100,700
Accumulated amortization	57,400		57,400		53,100
Amortization expense for cemetery interment rights	1,300	$ 1,500	4,300	$ 5,200
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	83,757		83,757		82,095
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	250,890		250,890		240,387
Furniture, equipment and automobiles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 68,919		$ 68,919		$ 73,377

Basis of Presentation and Summary of Significant Accounting Policies Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reduction to the reserve for uncertain tax positions			$ 500
Unrecognized tax benefit	$ 3,272		3,272		$ 3,761
Total benefit for income taxes	$ 2,779	$ 5,122	$ 12,082	$ 6,571
Income taxes before discrete items	(30.60%)	(28.20%)	(27.80%)	(28.30%)

Basis of Presentation and Summary of Significant Accounting Policies Performance Obligation (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Revenue from External Customer [Line Items]
Term of sales contract for cemetery interment rights, maximum	5 years
Funeral \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue from External Customer [Line Items]
Balances due on undelivered cemetery preneed contracts	$ 8.8	$ 8.0
Average maturity period for preneed funeral contracts	10 years	10 years
Cemetery \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue from External Customer [Line Items]
Balances due on undelivered cemetery preneed contracts	$ 10.5	$ 10.4
Average maturity period for preneed funeral contracts	8 years	8 years

Acquisitions (Details) $ in Thousands	3 Months Ended	9 Months Ended
Acquisitions (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Aug. 08, 2022 USD ($) funeral_home	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Goodwill	$ 393,765	$ 393,765		$ 391,972	$ 392,978
Kissimmee, Florida, two funeral homes
Business Acquisition [Line Items]
Number of funeral homes acquired \| funeral_home			2
Cash purchase price	$ 6,300	$ 6,300
Current assets			$ 28
Property, plant & equipment			2,986
Goodwill			2,694
Intangible and other non-current assets			542
Purchase price			$ 6,250

Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill at the beginning of year		$ 391,972	$ 392,978	$ 392,978
Increase in goodwill related to acquisitions	$ 2,694	2,700		0
Decrease in goodwill related to divestitures		(901)	$ (1,000)	(1,006)
Goodwill at the end of the period	$ 393,765	$ 393,765		$ 391,972

Divested Operations (Details) $ in Thousands	9 Months Ended
Divested Operations (Details) $ in Thousands	Sep. 30, 2022 USD ($) divestiture	Sep. 30, 2021 USD ($) divestiture
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of businesses sold \| divestiture	2	3
Proceeds from divestitures and sale of other assets \| $	$ 4,313	$ 4,375
Funeral
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of businesses sold \| divestiture	2	3
Proceeds from divestitures and sale of other assets \| $	$ 900	$ 3,500

Divested Operations - Divested business (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Revenue	$ 0	$ (10)	$ 296	$ 338
Operating income (loss)	0	(41)	25	(54)
Gain (loss) on divestitures	0	0	(703)	103
Income tax benefit (expense)	0	12	188	(14)
Net income (loss) from divested operations, after tax	$ 0	$ (29)	$ (490)	$ 35

- 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 (Components of preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 87,030	$ 100,903
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	90,130	103,808
Less: allowance for contract cancellation	(3,100)	(2,905)
Preneed cemetery trust investments	$ 87,030	$ 100,903

Trust Investments (Cost and fair market values associated with preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Total	$ 103,323	$ 96,817
Unrealized Gains	3,428	12,039
Unrealized Losses	(17,565)	(5,992)
Fair Market Value	89,186	102,864
Preneed cemetery trust investments	$ 90,130	$ 103,808
Market value as a percentage of cost	86.30%	106.20%
Preneed Cemetery Trust Investments \| Accrued investment income
Debt and Equity Securities, FV-NI [Line Items]
Total	$ 944	$ 944
Fair Market Value	944	944
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Total	112,990	110,476
Unrealized Gains	3,094	10,961
Unrealized Losses	(14,888)	(5,296)
Fair Market Value	101,196	116,141
Preneed cemetery trust investments	$ 102,028	$ 116,973
Market value as a percentage of cost	89.60%	105.10%
Preneed Funeral Trust Investments \| Accrued investment income
Debt and Equity Securities, FV-NI [Line Items]
Total	$ 832	$ 832
Fair Market Value	832	832
Level 1 \| Preneed Cemetery Trust Investments \| Cash and money market accounts
Debt and Equity Securities, FV-NI [Line Items]
Total	6,852	3,088
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	6,852	3,088
Level 1 \| Preneed Cemetery Trust Investments \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Total	45,169	40,992
Unrealized Gains	2,483	6,906
Unrealized Losses	(7,816)	(4,079)
Fair Market Value	39,836	43,819
Level 1 \| Preneed Funeral Trust Investments \| Cash and money market accounts
Debt and Equity Securities, FV-NI [Line Items]
Total	26,473	23,438
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	26,473	23,438
Level 1 \| Preneed Funeral Trust Investments \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Total	39,081	36,694
Unrealized Gains	2,234	6,417
Unrealized Losses	(6,655)	(3,574)
Fair Market Value	34,660	39,537
Level 1 \| Preneed Funeral Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Total		26
Unrealized Gains		7
Unrealized Losses		0
Fair Market Value		33
Level 2 \| Preneed Cemetery Trust Investments \| U.S. agency obligations
Debt and Equity Securities, FV-NI [Line Items]
Total	803
Unrealized Gains	0
Unrealized Losses	(76)
Fair Market Value	727
Level 2 \| Preneed Cemetery Trust Investments \| Foreign debt
Debt and Equity Securities, FV-NI [Line Items]
Total	11,146	15,846
Unrealized Gains	533	2,025
Unrealized Losses	(1,024)	(953)
Fair Market Value	10,655	16,918
Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Total	14,073	12,965
Unrealized Gains	37	1,374
Unrealized Losses	(3,311)	(49)
Fair Market Value	10,799	14,290
Level 2 \| Preneed Cemetery Trust Investments \| Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Total	12,568	12,455
Unrealized Gains	367	1,111
Unrealized Losses	(1,665)	(344)
Fair Market Value	11,270	13,222
Level 2 \| Preneed Cemetery Trust Investments \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Total	79
Unrealized Gains	0
Unrealized Losses	(7)
Fair Market Value	72
Level 2 \| Preneed Cemetery Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Total	309	28
Unrealized Gains	0	8
Unrealized Losses	(63)	0
Fair Market Value	246	36
Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Total	12,324	11,443
Unrealized Gains	8	615
Unrealized Losses	(3,603)	(567)
Fair Market Value	8,729	11,491
Level 2 \| Preneed Funeral Trust Investments \| Foreign debt
Debt and Equity Securities, FV-NI [Line Items]
Total	10,018	14,936
Unrealized Gains	486	1,874
Unrealized Losses	(897)	(887)
Fair Market Value	9,607	15,923
Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Total	12,024	11,231
Unrealized Gains	32	1,223
Unrealized Losses	(2,772)	(46)
Fair Market Value	9,284	12,408
Level 2 \| Preneed Funeral Trust Investments \| Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Total	10,898	11,001
Unrealized Gains	335	986
Unrealized Losses	(1,477)	(319)
Fair Market Value	9,756	$ 11,668
Level 2 \| Preneed Funeral Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Total	282
Unrealized Gains	0
Unrealized Losses	(57)
Fair Market Value	$ 225

Trust Investments (Estimated maturities of fixed preneed cemetery trust income securities) (Details) - Preneed Cemetery Trust Investments $ in Thousands	Sep. 30, 2022 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 1,515
Due in one to five years	6,815
Due in five to ten years	6,435
Thereafter	18,758
Total	$ 33,523

Trust Investments (Cost and fair market value associated with preneed funeral trust investments) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 103,323	$ 96,817
Unrealized Gains	3,428	12,039
Unrealized Losses	(17,565)	(5,992)
Fair Market Value	89,186	102,864
Preneed cemetery trust investments	$ 90,130	$ 103,808
Market value as a percentage of cost	86.30%	106.20%
Preneed Cemetery Trust Investments \| Accrued investment income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 944	$ 944
Fair Market Value	944	944
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	112,990	110,476
Unrealized Gains	3,094	10,961
Unrealized Losses	(14,888)	(5,296)
Fair Market Value	101,196	116,141
Preneed cemetery trust investments	$ 102,028	$ 116,973
Market value as a percentage of cost	89.60%	105.10%
Preneed Funeral Trust Investments \| Accrued investment income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 832	$ 832
Fair Market Value	832	832
Level 1 \| Preneed Cemetery Trust Investments \| Cash and money market accounts
Debt and Equity Securities, FV-NI [Line Items]
Cost	6,852	3,088
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	6,852	3,088
Level 1 \| Preneed Cemetery Trust Investments \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	45,169	40,992
Unrealized Gains	2,483	6,906
Unrealized Losses	(7,816)	(4,079)
Fair Market Value	39,836	43,819
Level 1 \| Preneed Funeral Trust Investments \| Cash and money market accounts
Debt and Equity Securities, FV-NI [Line Items]
Cost	26,473	23,438
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	26,473	23,438
Level 1 \| Preneed Funeral Trust Investments \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	39,081	36,694
Unrealized Gains	2,234	6,417
Unrealized Losses	(6,655)	(3,574)
Fair Market Value	34,660	39,537
Level 1 \| Preneed Funeral Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Cost		26
Unrealized Gains		7
Unrealized Losses		0
Fair Market Value		33
Level 2 \| Preneed Cemetery Trust Investments \| Foreign debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	11,146	15,846
Unrealized Gains	533	2,025
Unrealized Losses	(1,024)	(953)
Fair Market Value	10,655	16,918
Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	14,073	12,965
Unrealized Gains	37	1,374
Unrealized Losses	(3,311)	(49)
Fair Market Value	10,799	14,290
Level 2 \| Preneed Cemetery Trust Investments \| Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,568	12,455
Unrealized Gains	367	1,111
Unrealized Losses	(1,665)	(344)
Fair Market Value	11,270	13,222
Level 2 \| Preneed Cemetery Trust Investments \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	79
Unrealized Gains	0
Unrealized Losses	(7)
Fair Market Value	72
Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,324	11,443
Unrealized Gains	8	615
Unrealized Losses	(3,603)	(567)
Fair Market Value	8,729	11,491
Level 2 \| Preneed Cemetery Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Cost	309	28
Unrealized Gains	0	8
Unrealized Losses	(63)	0
Fair Market Value	246	36
Level 2 \| Preneed Funeral Trust Investments \| Foreign debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,018	14,936
Unrealized Gains	486	1,874
Unrealized Losses	(897)	(887)
Fair Market Value	9,607	15,923
Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,024	11,231
Unrealized Gains	32	1,223
Unrealized Losses	(2,772)	(46)
Fair Market Value	9,284	12,408
Level 2 \| Preneed Funeral Trust Investments \| Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,898	11,001
Unrealized Gains	335	986
Unrealized Losses	(1,477)	(319)
Fair Market Value	9,756	$ 11,668
Level 2 \| Preneed Funeral Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Cost	282
Unrealized Gains	0
Unrealized Losses	(57)
Fair Market Value	$ 225

Trust Investments (Unrealized losses on cemetery merchandise and service trust investments) (Details) - Preneed Cemetery Trust Investments - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	$ 21,953	$ 6,566
In Loss Position Less than 12 months, Unrealized Losses	(4,810)	(629)
In Loss Position Greater than 12 months, Fair Market Value	4,519	3,542
In Loss Position Greater than 12 months, Unrealized Losses	(1,273)	(717)
Total, Fair Market Value	26,472	10,108
Total, Unrealized Losses	(6,083)	(1,346)
U.S. agency obligations
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	728
In Loss Position Less than 12 months, Unrealized Losses	(76)
In Loss Position Greater than 12 months, Fair Market Value	0
In Loss Position Greater than 12 months, Unrealized Losses	0
Total, Fair Market Value	728
Total, Unrealized Losses	(76)
Foreign debt
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	6,829	4,228
In Loss Position Less than 12 months, Unrealized Losses	(528)	(517)
In Loss Position Greater than 12 months, Fair Market Value	583	629
In Loss Position Greater than 12 months, Unrealized Losses	(496)	(436)
Total, Fair Market Value	7,412	4,857
Total, Unrealized Losses	(1,024)	(953)
Corporate debt
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	7,886	1,037
In Loss Position Less than 12 months, Unrealized Losses	(3,111)	(49)
In Loss Position Greater than 12 months, Fair Market Value	580	0
In Loss Position Greater than 12 months, Unrealized Losses	(200)	0
Total, Fair Market Value	8,466	1,037
Total, Unrealized Losses	(3,311)	(49)
Preferred stock
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	6,438	1,301
In Loss Position Less than 12 months, Unrealized Losses	(1,088)	(63)
In Loss Position Greater than 12 months, Fair Market Value	3,356	2,913
In Loss Position Greater than 12 months, Unrealized Losses	(577)	(281)
Total, Fair Market Value	9,794	4,214
Total, Unrealized Losses	(1,665)	$ (344)
Mortgage-backed securities
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	72
In Loss Position Less than 12 months, Unrealized Losses	(7)
In Loss Position Greater than 12 months, Fair Market Value	0
In Loss Position Greater than 12 months, Unrealized Losses	0
Total, Fair Market Value	72
Total, Unrealized Losses	$ (7)

Trust Investments (Preneed cemetery trust investment security transactions) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt and Equity Securities, FV-NI [Line Items]
Total		$ 0		$ 0
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Unrealized gains (losses), net	$ (5,037)	(3,966)	$ (14,137)	4,893
Total	0	0	0	0
Preneed Cemetery Trust Investments \| Other, Net
Debt and Equity Securities, FV-NI [Line Items]
Investment income	556	441	1,618	1,570
Realized gains	392	2,207	9,285	16,315
Realized losses	(105)	(214)	(2,488)	(6,563)
Expenses and taxes	(482)	(546)	(1,353)	(1,308)
Net change in deferred preneed cemetery receipts held in trust	$ 4,676	$ 2,078	$ 7,075	$ (14,907)

Trust Investments (Purchases and sales of investments in preneed cemetery trusts) (Details) - Preneed Cemetery Trust Investments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (459)	$ (7,532)	$ (2,083)	$ (34,740)
Sales	$ 0	$ 6,446	$ 661	$ 33,847

Trust Investments (Components of preneed funeral trust investments) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Preneed funeral trust investments, at market value	$ 102,028	$ 116,973
Less: allowance for contract cancellation	(3,390)	(3,315)
Preneed funeral trust investments	$ 98,638	$ 113,658

Trust Investments (Cost and fair market values associated with preneed funeral trust investments) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 103,323	$ 96,817
Unrealized Gains	3,428	12,039
Unrealized Losses	(17,565)	(5,992)
Fair Market Value	89,186	102,864
Preneed cemetery trust investments	$ 90,130	$ 103,808
Market value as a percentage of cost	86.30%	106.20%
Preneed Cemetery Trust Investments \| Accrued investment income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 944	$ 944
Fair Market Value	944	944
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	112,990	110,476
Unrealized Gains	3,094	10,961
Unrealized Losses	(14,888)	(5,296)
Fair Market Value	101,196	116,141
Preneed cemetery trust investments	$ 102,028	$ 116,973
Market value as a percentage of cost	89.60%	105.10%
Preneed Funeral Trust Investments \| Accrued investment income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 832	$ 832
Fair Market Value	832	832
Level 1 \| Preneed Cemetery Trust Investments \| Cash and money market accounts
Debt and Equity Securities, FV-NI [Line Items]
Cost	6,852	3,088
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	6,852	3,088
Level 1 \| Preneed Cemetery Trust Investments \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	45,169	40,992
Unrealized Gains	2,483	6,906
Unrealized Losses	(7,816)	(4,079)
Fair Market Value	39,836	43,819
Level 1 \| Preneed Funeral Trust Investments \| Cash and money market accounts
Debt and Equity Securities, FV-NI [Line Items]
Cost	26,473	23,438
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	26,473	23,438
Level 1 \| Preneed Funeral Trust Investments \| Common stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	39,081	36,694
Unrealized Gains	2,234	6,417
Unrealized Losses	(6,655)	(3,574)
Fair Market Value	34,660	39,537
Level 1 \| Preneed Funeral Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Cost		26
Unrealized Gains		7
Unrealized Losses		0
Fair Market Value		33
Level 1 \| Preneed Funeral Trust Investments \| U.S. Treasury Debt [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	551
Unrealized Gains	0
Unrealized Losses	(51)
Fair Market Value	500
Level 2 \| Preneed Cemetery Trust Investments \| U.S. agency obligations
Debt and Equity Securities, FV-NI [Line Items]
Cost	803
Unrealized Gains	0
Unrealized Losses	(76)
Fair Market Value	727
Level 2 \| Preneed Cemetery Trust Investments \| Foreign debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	11,146	15,846
Unrealized Gains	533	2,025
Unrealized Losses	(1,024)	(953)
Fair Market Value	10,655	16,918
Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	14,073	12,965
Unrealized Gains	37	1,374
Unrealized Losses	(3,311)	(49)
Fair Market Value	10,799	14,290
Level 2 \| Preneed Cemetery Trust Investments \| Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,568	12,455
Unrealized Gains	367	1,111
Unrealized Losses	(1,665)	(344)
Fair Market Value	11,270	13,222
Level 2 \| Preneed Cemetery Trust Investments \| Mortgage-backed securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	79
Unrealized Gains	0
Unrealized Losses	(7)
Fair Market Value	72
Level 2 \| Preneed Cemetery Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Cost	309	28
Unrealized Gains	0	8
Unrealized Losses	(63)	0
Fair Market Value	246	36
Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,324	11,443
Unrealized Gains	8	615
Unrealized Losses	(3,603)	(567)
Fair Market Value	8,729	11,491
Level 2 \| Preneed Funeral Trust Investments \| Foreign debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,018	14,936
Unrealized Gains	486	1,874
Unrealized Losses	(897)	(887)
Fair Market Value	9,607	15,923
Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,024	11,231
Unrealized Gains	32	1,223
Unrealized Losses	(2,772)	(46)
Fair Market Value	9,284	12,408
Level 2 \| Preneed Funeral Trust Investments \| Preferred stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,898	11,001
Unrealized Gains	335	986
Unrealized Losses	(1,477)	(319)
Fair Market Value	9,756	11,668
Level 2 \| Preneed Funeral Trust Investments \| Equity
Debt and Equity Securities, FV-NI [Line Items]
Cost	282
Unrealized Gains	0
Unrealized Losses	(57)
Fair Market Value	225
Level 2 \| Preneed Funeral Trust Investments \| Fixed Income Securities [Member]
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,028	9,396
Unrealized Gains	7	454
Unrealized Losses	(2,979)	(470)
Fair Market Value	7,056	9,380
Level 2 \| Preneed Funeral Trust Investments \| Other Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,635	3,754
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	$ 3,635	$ 3,754

Trust Investments (Estimated maturities of fixed preneed funeral trust income securities) (Details) - Preneed Funeral Trust Investments $ in Thousands	Sep. 30, 2022 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 1,382
Due in one to five years	5,678
Due in five to ten years	5,623
Thereafter	16,464
Total fixed income securities	$ 29,147

Trust Investments (Preneed funeral trust investment security transactions) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt and Equity Securities, FV-NI [Line Items]
Total		$ 0		$ 0
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Unrealized gains (losses), net	$ (4,394)	(3,728)	$ (11,794)	4,478
Total	0	0	0	0
Preneed Funeral Trust Investments \| Other, Net
Debt and Equity Securities, FV-NI [Line Items]
Investment income	398	357	1,245	1,261
Expenses and taxes	(214)	(409)	(751)	(1,041)
Total	3,949	1,909	5,295	(13,932)
Realized gains	357	2,072	8,247	15,331
Realized losses	$ (96)	$ (201)	$ (2,242)	$ (6,097)

Trust Investments (Purchases and sales of investments in preneed funeral trusts) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ 0	$ (6,729)	$ (590)	$ (32,219)
Sales	$ 8	$ 6,864	$ 538	$ 32,153

Trust Investments (Unrealized losses on preneed funeral trust investments) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	$ 18,763	$ 6,427
In Loss Position Less than 12 months, Unrealized Losses	(4,068)	(613)
In Loss Position Greater than 12 months, Fair Market Value	4,000	3,258
In Loss Position Greater than 12 months, Unrealized Losses	(1,129)	(639)
Total, Fair Market Value	22,763	9,685
Total, Unrealized Losses	(5,197)	(1,252)
US agency obligations [Member]
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	500
In Loss Position Less than 12 months, Unrealized Losses	51
In Loss Position Greater than 12 months, Fair Market Value	0
In Loss Position Greater than 12 months, Unrealized Losses	0
Total, Fair Market Value	500
Total, Unrealized Losses	51
Foreign debt
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	6,151	4,251
In Loss Position Less than 12 months, Unrealized Losses	(475)	(509)
In Loss Position Greater than 12 months, Fair Market Value	498	548
In Loss Position Greater than 12 months, Unrealized Losses	(422)	(378)
Total, Fair Market Value	6,649	4,799
Total, Unrealized Losses	(897)	(887)
Corporate debt
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	6,676	965
In Loss Position Less than 12 months, Unrealized Losses	(2,589)	(46)
In Loss Position Greater than 12 months, Fair Market Value	529	0
In Loss Position Greater than 12 months, Unrealized Losses	(183)	0
Total, Fair Market Value	7,205	965
Total, Unrealized Losses	(2,772)	(46)
Preferred stock
Gain (Loss) on Securities [Line Items]
In Loss Position Less than 12 months, Fair Market Value	5,436	1,211
In Loss Position Less than 12 months, Unrealized Losses	(953)	(58)
In Loss Position Greater than 12 months, Fair Market Value	2,973	2,710
In Loss Position Greater than 12 months, Unrealized Losses	(524)	(261)
Total, Fair Market Value	8,409	3,921
Total, Unrealized Losses	$ (1,477)	$ (319)

Trust Investments (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Preneed Cemetery Trust Investments
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 103,323	$ 96,817
Preneed Funeral Trust Investments
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 112,990	$ 110,476

Trust Investments (Components of Care trusts’ corpus) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
Care trusts’ corpus	$ 60,067	$ 71,156
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Cemetery perpetual care trust investments, at market value	60,569	72,400
Obligations due from trust	(502)	(1,244)
Care trusts’ corpus	$ 60,067	$ 71,156

Trust Investments (Cost and fair market values associated with the trust investments held in perpetual care trust) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Cost	$ 69,743	$ 67,290
Unrealized Gains	2,300	8,794
Unrealized Losses	(12,146)	(4,373)
Fair Market Value	59,897	71,711
Preneed cemetery trust investments	$ 60,569	$ 72,400
Market value as a percentage of cost	85.90%	106.60%
Perpetual Care Trust Investments \| Accrued investment income
Gain (Loss) on Securities [Line Items]
Cost	$ 672	$ 689
Fair Market Value	672	689
Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Cost	112,990	110,476
Unrealized Gains	3,094	10,961
Unrealized Losses	(14,888)	(5,296)
Fair Market Value	101,196	116,141
Preneed cemetery trust investments	$ 102,028	$ 116,973
Market value as a percentage of cost	89.60%	105.10%
Preneed Funeral Trust Investments \| Accrued investment income
Gain (Loss) on Securities [Line Items]
Cost	$ 832	$ 832
Fair Market Value	832	832
Level 1 \| Perpetual Care Trust Investments \| Cash and money market accounts
Gain (Loss) on Securities [Line Items]
Cost	3,889	1,447
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	3,889	1,447
Level 1 \| Perpetual Care Trust Investments \| Common stock
Gain (Loss) on Securities [Line Items]
Cost	29,510	27,853
Unrealized Gains	1,651	4,990
Unrealized Losses	(5,289)	(3,008)
Fair Market Value	25,872	29,835
Level 1 \| Preneed Funeral Trust Investments \| Cash and money market accounts
Gain (Loss) on Securities [Line Items]
Cost	26,473	23,438
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	26,473	23,438
Level 1 \| Preneed Funeral Trust Investments \| Common stock
Gain (Loss) on Securities [Line Items]
Cost	39,081	36,694
Unrealized Gains	2,234	6,417
Unrealized Losses	(6,655)	(3,574)
Fair Market Value	34,660	39,537
Level 1 \| Preneed Funeral Trust Investments \| Equity
Gain (Loss) on Securities [Line Items]
Cost		26
Unrealized Gains		7
Unrealized Losses		0
Fair Market Value		33
Level 2 \| Perpetual Care Trust Investments \| Foreign debt
Gain (Loss) on Securities [Line Items]
Cost	7,872	10,949
Unrealized Gains	344	1,401
Unrealized Losses	(757)	(647)
Fair Market Value	7,459	11,703
Level 2 \| Perpetual Care Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost	9,705	9,139
Unrealized Gains	63	1,065
Unrealized Losses	(2,349)	(32)
Fair Market Value	7,419	10,172
Level 2 \| Perpetual Care Trust Investments \| Preferred stock
Gain (Loss) on Securities [Line Items]
Cost	9,673	9,742
Unrealized Gains	237	803
Unrealized Losses	(1,238)	(226)
Fair Market Value	8,672	10,319
Level 2 \| Perpetual Care Trust Investments \| Fixed Income Securities [Member]
Gain (Loss) on Securities [Line Items]
Cost		19
Unrealized Gains		5
Unrealized Losses		0
Fair Market Value		24
Level 2 \| Perpetual Care Trust Investments \| Other Investments
Gain (Loss) on Securities [Line Items]
Cost	8,895	8,141
Unrealized Gains	5	530
Unrealized Losses	(2,473)	(460)
Fair Market Value	6,427	8,211
Level 2 \| Perpetual Care Trust Investments \| Equity
Gain (Loss) on Securities [Line Items]
Cost	199
Unrealized Gains	0
Unrealized Losses	(40)
Fair Market Value	159
Level 2 \| Preneed Funeral Trust Investments \| Foreign debt
Gain (Loss) on Securities [Line Items]
Cost	10,018	14,936
Unrealized Gains	486	1,874
Unrealized Losses	(897)	(887)
Fair Market Value	9,607	15,923
Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost	12,024	11,231
Unrealized Gains	32	1,223
Unrealized Losses	(2,772)	(46)
Fair Market Value	9,284	12,408
Level 2 \| Preneed Funeral Trust Investments \| Preferred stock
Gain (Loss) on Securities [Line Items]
Cost	10,898	11,001
Unrealized Gains	335	986
Unrealized Losses	(1,477)	(319)
Fair Market Value	9,756	11,668
Level 2 \| Preneed Funeral Trust Investments \| Fixed Income Securities [Member]
Gain (Loss) on Securities [Line Items]
Cost	10,028	9,396
Unrealized Gains	7	454
Unrealized Losses	(2,979)	(470)
Fair Market Value	7,056	9,380
Level 2 \| Preneed Funeral Trust Investments \| Other Investments
Gain (Loss) on Securities [Line Items]
Cost	3,635	3,754
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	3,635	$ 3,754
Level 2 \| Preneed Funeral Trust Investments \| Equity
Gain (Loss) on Securities [Line Items]
Cost	282
Unrealized Gains	0
Unrealized Losses	(57)
Fair Market Value	$ 225

Trust Investments (Estimated maturities of the fixed income securities) (Details) - Perpetual Care Trust Investments $ in Thousands	Sep. 30, 2022 USD ($)
Gain (Loss) on Securities [Line Items]
Due in one year or less	$ 978
Due in one to five years	4,038
Due in five to ten years	4,400
Thereafter	14,134
Total	$ 23,550

Trust Investments (Fixed income securities within our perpetual care trust investment in an unrealized loss position) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Market Value
In Loss Position Less than 12 months, Fair Market Value	$ 15,113	$ 4,351
In Loss Position Greater than 12 months, Fair Market Value	3,583	2,385
Total, Fair Market Value	18,696	6,736
Unrealized Losses
In Loss Position Less than 12 months, Unrealized Losses	(3,426)	(394)
In Loss Position Greater than 12 months, Unrealized Losses	(918)	(511)
Total, Unrealized Losses	(4,344)	(905)
Foreign debt
Fair Market Value
In Loss Position Less than 12 months, Fair Market Value	4,939	2,649
In Loss Position Greater than 12 months, Fair Market Value	427	468
Total, Fair Market Value	5,366	3,117
Unrealized Losses
In Loss Position Less than 12 months, Unrealized Losses	(393)	(321)
In Loss Position Greater than 12 months, Unrealized Losses	(364)	(326)
Total, Unrealized Losses	(757)	(647)
Corporate debt
Fair Market Value
In Loss Position Less than 12 months, Fair Market Value	5,237	846
In Loss Position Greater than 12 months, Fair Market Value	374	0
Total, Fair Market Value	5,611	846
Unrealized Losses
In Loss Position Less than 12 months, Unrealized Losses	(2,219)	(32)
In Loss Position Greater than 12 months, Unrealized Losses	(130)	0
Total, Unrealized Losses	(2,349)	(32)
Preferred stock
Fair Market Value
In Loss Position Less than 12 months, Fair Market Value	4,937	856
In Loss Position Greater than 12 months, Fair Market Value	2,782	1,917
Total, Fair Market Value	7,719	2,773
Unrealized Losses
In Loss Position Less than 12 months, Unrealized Losses	(814)	(41)
In Loss Position Greater than 12 months, Unrealized Losses	(424)	(185)
Total, Unrealized Losses	$ (1,238)	$ (226)

Trust Investments (Perpetual care trust investment security transactions recorded in Other, net) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Gain (Loss) on Securities [Line Items]
Total		$ 0		$ 0
Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Realized gains		275		2,224
Realized losses		(26)		(942)
Net change in Care trusts’ corpus		2,821	$ 8,856	(5,029)
Preneed Funeral Trust Investments \| Interest Expense Net of Other Income
Gain (Loss) on Securities [Line Items]
Realized gains	$ 48		1,292
Realized losses	(13)		(302)
Unrealized gains (losses), net	(3,730)	$ (3,070)	(9,846)	$ 3,747
Net change in Care trusts’ corpus	3,695
Total	$ 0		$ 0

Trust Investments (Perpetual care trust investment security transactions recorded in Other revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Gain (Loss) on Securities [Line Items]
Revenues	$ 87,497	$ 95,041	$ 276,258	$ 279,955
Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Total		(2,821)	(8,856)	5,029
Other revenue
Gain (Loss) on Securities [Line Items]
Revenues	6,898	6,788	20,484	20,324
Other revenue \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Investment income	3,075	2,881	8,613	8,104
Realized losses, net	(739)	(278)
Total	$ 2,336	$ 2,603
Realized losses, net			(1,343)	(557)
Revenues			$ 7,270	$ 7,547

- 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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123351226&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=123359005&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=123359005&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=123359005&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=123351226&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

Trust Investments (Purchases and sales of investments in the perpetual care trusts) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Gain (Loss) on Securities [Line Items]
Purchases	$ 233	$ 5,049	$ 644	$ 24,105
Sales	$ 0	$ 4,431	$ 441	$ 23,695

Receivables Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Trade and financed receivables	$ 22,516	$ 24,357
Other receivables	1,745	1,947
Allowance for credit losses	(909)	(990)
Allowance for credit losses		990
Accounts receivable, net	23,352	25,314
Funeral
Segment Reporting Information [Line Items]
Trade and financed receivables	7,992	10,728
Other receivables	509	329
Allowance for credit losses	(255)	(365)
Allowance for credit losses		365
Accounts receivable, net	8,246	10,692
Cemetery
Segment Reporting Information [Line Items]
Trade and financed receivables	14,524	13,629
Other receivables	1,047	1,433
Allowance for credit losses	(654)	(625)
Allowance for credit losses		625
Accounts receivable, net	14,917	14,437
Corporate
Segment Reporting Information [Line Items]
Trade and financed receivables	0	0
Other receivables	189	185
Allowance for credit losses	0	0
Allowance for credit losses		0
Accounts receivable, net	$ 189	$ 185

Receivables Allowance for credit losses by portfolio segment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Credit Losses	$ (1,556)
Write Offs	2,573
Recoveries	(936)
Allowance for credit losses	(909)	$ (990)
Funeral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Credit Losses	(1,104)
Write Offs	2,150
Recoveries	(936)
Allowance for credit losses	(255)	(365)
Cemetery
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Credit Losses	(452)
Write Offs	423
Recoveries	0
Allowance for credit losses	$ (654)	$ (625)

Receivables (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
Receivables (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ 909		$ 990
Term of sales contract for cemetery interment rights, maximum	5 years
Unearned finance charges associated with receivables	$ 4,778		4,644
Provision for credit losses	2,292	$ 1,426
Preneed Cemetery Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	1,178		$ 1,079
Provision for credit losses	$ 736

Receivables (Preneed cemetery receivables) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery receivables	$ 56,899		$ 52,855
Unearned finance charges associated with receivables	4,778		4,644
Total	52,121		48,211
Less: balances due on undelivered cemetery preneed contracts	(10,546)		(10,353)
Preneed cemetery receivables, net	25,873		23,150
Allowance for Contract Cancellations [Roll Forward]
Beginning balance	990
Provision	(2,292)	$ (1,426)
Ending balance	909
Trade and financed receivables	22,516		24,357
Receivables from Preneed Funeral Trusts	(20,119)		(19,009)
Preneed Funeral Trust Funds Allowance For Contract Cancellation And Credit Loss	(1,832)		(1,704)
Accounts Receivable, after Allowance for Credit Loss	(13,870)		(13,004)
Cemetery
Allowance for Contract Cancellations [Roll Forward]
Beginning balance	625
Ending balance	654
Trade and financed receivables	14,524		13,629
Preneed Cemetery Receivables
Allowance for Contract Cancellations [Roll Forward]
Beginning balance	1,079
Write-offs and cancellations	(637)
Provision	(736)
Ending balance	1,178
Interment rights
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery receivables	43,888		40,863
Merchandise and services
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery receivables	$ 8,233		$ 7,348

Receivables (Aging of past due financing receivables) (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	$ 56,899
Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	4,472
31-60 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	819
61-90 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	504
91-120 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	589
>120 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	2,560
Current
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	52,427
Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	41,575
Recognized revenue \| Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,181
Recognized revenue \| 31-60 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	634
Recognized revenue \| 61-90 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	357
Recognized revenue \| 91-120 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	148
Recognized revenue \| >120 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	2,042
Recognized revenue \| Current
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	38,394
Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	15,324
Deferred revenue \| Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,291
Deferred revenue \| 31-60 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	185
Deferred revenue \| 61-90 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	147
Deferred revenue \| 91-120 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	441
Deferred revenue \| >120 Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	518
Deferred revenue \| Current
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 14,033

Receivables Amortized cost basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
2022	$ 21,973
2021	14,838
2020	7,854
2019	4,376
2018	1,585
Prior	1,495
Total	$ 52,121	$ 48,211

Receivables from Preneed Funeral Trusts (Receivables from preneed funeral trust funds) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Receivables From Preneed Trusts [Abstract]
Preneed trust funds, at cost	$ 20,741	$ 19,597
Less: Allowance for contract cancellation	(622)	(588)
Receivables from preneed trusts, net	$ 20,119	$ 19,009

Receivables from Preneed Funeral Trusts (Composition of Assets Held in Trusts) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Historical Cost Basis
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	$ 20,741	$ 19,597
Historical Cost Basis \| Cash and cash equivalents
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	5,973	5,595
Historical Cost Basis \| Fixed income investments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	12,078	11,386
Historical Cost Basis \| Mutual funds and common stocks
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	2,687	2,611
Historical Cost Basis \| Annuities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	3	5
Fair Value
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	20,417	19,668
Fair Value \| Cash and cash equivalents
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	5,973	5,595
Fair Value \| Fixed income investments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	12,078	11,386
Fair Value \| Mutual funds and common stocks
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	2,363	2,682
Fair Value \| Annuities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Assets held-in-trust	$ 3	$ 5

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Credit Agreement 2018 \| Revolving Credit Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	$ 169,000	$ 155,400
Notes Payable, Other Payables \| Acquisition Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	4,500
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt measured at fair value	$ 317,200

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Intangible and Other Non-Current Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization, capitalized commissions	$ 2,803		$ 2,803		$ 2,278
Other	496		496		6
Intangible and other non-current assets, net	30,451		30,451		29,378
Amortization of intangibles			957	$ 968
Amortization of intangibles	181	$ 165	$ 525	473
Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization term			8 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization term			10 years
Tradenames
Finite-Lived Intangible Assets [Line Items]
Other	24,108		$ 24,108		23,565
Tradenames \| Kissimmee, Florida, two funeral homes
Finite-Lived Intangible Assets [Line Items]
Tradenames acquired	500		500
Prepaid Agreements
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization, noncompete agreements	3,373		3,373		3,316
Finite lived intangible assets	1,884		1,884		2,247
Amortization of intangibles	142	$ 158	$ 432	$ 495
Prepaid Agreements \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization term			1 year
Prepaid Agreements \| Maximum
Finite-Lived Intangible Assets [Line Items]
Amortization term			10 years
Capitalized Commissions
Finite-Lived Intangible Assets [Line Items]
Finite lived intangible assets	$ 3,963		$ 3,963		$ 3,560

Intangible and Other Non-Current Assets - Aggregate amortization expense for our intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Prepaid Agreements
Finite-Lived Intangible Assets [Line Items]
Remainder of 2022	$ 135
2023	496
2024	381
2025	372
2026	257
Thereafter	243
Total amortization expense	1,884	$ 2,247
Capitalized Commissions
Finite-Lived Intangible Assets [Line Items]
Remainder of 2022	186
2023	710
2024	650
2025	585
2026	518
Thereafter	1,314
Total amortization expense	$ 3,963	$ 3,560

Credit Facility and Acquisition Debt (Narrative) (Details)			3 Months Ended			9 Months Ended
	May 27, 2022 USD ($)	Sep. 29, 2020 USD ($)	Sep. 30, 2022 USD ($)	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022 USD ($)	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021 USD ($)
Debt Covenant To Actual Ratios [Line Items]
Revolving credit facility present accordion provisions			$ 75,000,000			$ 75,000,000
Debt Instrument, Debt Compliance, EBITDA						$ 0.50
Deferred payments		$ 2,300,000
Line of Credit \| Prime Rate Option
Debt Covenant To Actual Ratios [Line Items]
Basis spread on variable rate						1.125%
Line of Credit \| Libor Margin Option
Debt Covenant To Actual Ratios [Line Items]
Basis spread on variable rate						2.125%
Revolving Credit Facility \| Credit Agreement 2018
Debt Covenant To Actual Ratios [Line Items]
Long-term Debt			$ 169,000,000			$ 169,000,000			$ 155,400,000
Minimum \| Deferred Purchase Price Notes
Debt Covenant To Actual Ratios [Line Items]
Debt instrument, imputed interest rate			7.30%			7.30%
Debt instrument, term				9 years
Maximum \| Deferred Purchase Price Notes
Debt Covenant To Actual Ratios [Line Items]
Debt instrument, imputed interest rate			10.00%			10.00%
Debt instrument, term				20 years
Ratio Actual \| Forecast
Debt Covenant To Actual Ratios [Line Items]
Ratio of indebtedness to net capital								5.25
Ratio Actual \| Minimum
Debt Covenant To Actual Ratios [Line Items]
Ratio of indebtedness to net capital			0.25			0.25
Term Loan
Debt Covenant To Actual Ratios [Line Items]
Revolving credit facility, maximum borrowing capacity			$ 250,000,000			$ 250,000,000			200,000,000
Transaction costs	$ 300,000
Letter of Credit
Debt Covenant To Actual Ratios [Line Items]
Revolving credit facility, maximum borrowing capacity									15,000,000.0
Swingline
Debt Covenant To Actual Ratios [Line Items]
Revolving credit facility, maximum borrowing capacity									$ 10,000,000.0
Revolving Credit Facility \| Revolving Credit Facility, Secured, Floating Rate \| Line of Credit
Debt Covenant To Actual Ratios [Line Items]
Remaining borrowing capacity			$ 78,700,000			$ 78,700,000
Revolving Credit Facility \| Revolving Credit Facility, Secured, Floating Rate \| Credit Agreement
Debt Covenant To Actual Ratios [Line Items]
Debt instrument, interest rate during period			4.30%		2.00%	3.10%	2.50%
Revolving Credit Facility \| Ratio Actual \| Revolving Credit Facility, Secured, Floating Rate \| Line of Credit
Debt Covenant To Actual Ratios [Line Items]
Ratio of earnings to fixed cost obligations (in Ratio)			1.20			1.20

Credit Facility and Acquisition Debt (Long-term Debt Table) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Less: current portion	$ (614)	$ (521)
Total acquisition debt, net of current portion	3,846	3,979
Accumulated amortization, debt issuance costs	1,617	1,324
Credit Agreement \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt issuance costs, net of accumulated amortization of $86 and $190, respectively	(1,590)
Revolving Credit Facility \| Credit Agreement 2018
Debt Instrument [Line Items]
Long-term Debt	169,000	155,400
Revolving Credit Facility \| Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs, net of accumulated amortization of $86 and $190, respectively		(1,543)
Term Loan \| Credit Agreement
Debt Instrument [Line Items]
Long-term Debt	167,410	153,857
Acquisition debt \| Notes Payable, Other Payables
Debt Instrument [Line Items]
Long-term Debt	$ 4,460	$ 4,500

Credit Facility and Acquisition Debt - Credit Facility (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Credit Facility amortization of debt issuance costs			$ 397	$ 459
Credit Agreement
Debt Instrument [Line Items]
Acquisition debt imputed interest expense	$ 1,971	$ 383	4,132	1,200
Line of Credit
Debt Instrument [Line Items]
Credit Facility amortization of debt issuance costs	$ 109	$ 80	$ 293	$ 297

Credit Facility and Acquisition Debt - Imputed Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Series of Individually Immaterial Business Acquisitions
Debt Instrument [Line Items]
Acquisition debt imputed interest expense	$ 78	$ 90	$ 237	$ 280

Senior Notes (Narrative) (Details) - USD ($)		9 Months Ended
Senior Notes (Narrative) (Details) - USD ($)	May 31, 2018	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Redemption period		180 days
Senior Notes 4.25%
Debt Instrument [Line Items]
Debt instrument, term		80 years
Senior Notes
Debt Instrument [Line Items]
Long-term debt measured at fair value		$ 317,200,000
Principal amount		$ 400,000,000	$ 400,000,000
Senior Notes \| Period One
Debt Instrument [Line Items]
Redemption price percentage	102.13%
Senior Notes \| Period Two
Debt Instrument [Line Items]
Redemption price percentage	101.06%
Senior Notes \| Period Four
Debt Instrument [Line Items]
Percentage of principal amount redeemed	40.00%
Senior Notes \| Period Five
Debt Instrument [Line Items]
Redemption price percentage	104.25%	101.00%
Senior Notes \| Period Six
Debt Instrument [Line Items]
Redemption price percentage		100.00%
Percentage of principal amount redeemed	50.00%
Senior Note Two \| Senior Notes 4.25%
Debt Instrument [Line Items]
Stated interest rate percentage		4.25%
Senior Note Two \| Senior Notes
Debt Instrument [Line Items]
Unamortized debt issuance costs		4.30%
Senior Note One \| Senior Notes
Debt Instrument [Line Items]
Effective interest rate on unamortized debt discount		4.42%

Senior Notes (Carrying Value of Senior Notes) (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Accumulated amortization, debt issuance costs	$ 1,617,000	$ 1,324,000
Senior Notes
Debt Instrument [Line Items]
Principal amount	400,000,000	400,000,000
Debt discount, net of accumulated amortization of $301 and $669, respectively	(3,831,000)	(4,199,000)
Debt issuance costs, net of accumulated amortization of $86 and $190, respectively	(1,087,000)	(1,191,000)
Carrying value of the Senior Notes	395,082,000	394,610,000
Accumulated amortization, debt discount	669,000	301,000
Accumulated amortization, debt issuance costs	$ 190,000	$ 86,000

Senior Notes (Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Amortization of debt issuance costs			$ 397	$ 459
Senior Note Two
Debt Instrument [Line Items]
Accretion of debt discount, net of debt premium on senior notes	$ 0	$ 0
Senior Notes
Debt Instrument [Line Items]
Acquisition debt imputed interest expense	4,250	4,250	12,730	17,517
Amortization of debt issuance costs	35	34	104	161
Senior Notes \| Senior Note Two
Debt Instrument [Line Items]
Accretion of debt discount, net of debt premium on senior notes			0	85
Senior Notes \| Senior Note One
Debt Instrument [Line Items]
Accretion of debt discount, net of debt premium on senior notes	$ 125	$ 118	$ 368	$ 384

Leases - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Leases - Lease Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease cost	$ 863	$ 947	$ 2,564	$ 2,871
Short-term lease cost	82	39	260	145
Variable Lease, Cost	37	43	60	100
Depreciation of leased assets	111	111	328	328
Interest on lease liabilities	110	117	335	356
Total finance lease cost	221	228	663	684
Total lease cost	$ 1,203	$ 1,257	$ 3,547	$ 3,800

Leases - Cash flow (Details) - USD ($) $ in Thousands	9 Months Ended
Leases - Cash flow (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Cash paid for operating leases included in operating activities	$ 2,698	$ 2,891
Cash paid for finance leases included in financing activities	$ 646	$ 626

Leases - Right-of-use Assets Obtained in Exchange for New Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 764	$ (1,358)
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 0	$ 0

Leases - Additional Information (Details) $ in Millions	Sep. 30, 2021 USD ($)
Leases [Abstract]
Leasehold improvement allowance	$ 1.4

Leases - Carrying Values of Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 17,295	$ 17,881
Finance lease right-of-use assets	6,770	6,770
Accumulated depreciation	(2,771)	(2,443)
Finance lease right-of-use assets, net	3,999	4,327
Operating lease obligations	2,074	1,913
Finance lease obligations	416	375
Total current lease liabilities	2,490	2,288
Obligations under operating leases, net of current portion	17,638	18,520
Finance lease non-current liabilities	4,842	5,157
Total non-current lease liabilities	22,480	23,677
Total lease liabilities	$ 24,970	$ 25,965

Leases - Lease Term and Discount Rate (Details)	Sep. 30, 2022
Weighted-average remaining lease term (years)
Operating leases	9 years 1 month 6 days
Finance leases	11 years 9 months 18 days
Weighted-average discount rate
Operating leases	8.00%
Finance leases	8.20%

Leases - Maturities of Operating and Financing Lease Liabilities (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Operating
Remainder of 2022	$ 899
2023	3,557
2024	3,535
2025	3,306
2026	3,240
Thereafter	13,112
Total lease payments	27,649
Less: Interest	(7,937)
Present value of lease liabilities	19,712
Finance
Remainder of 2022	222
2023	860
2024	791
2025	736
2026	745
Thereafter	4,810
Total lease payments	8,164
Less: Interest	(2,906)
Present value of lease liabilities	$ 5,258

Commitments and Contingencies (Details) - USD ($) $ in Millions	Aug. 08, 2022	Jan. 05, 2022
Commitments and Contingencies Disclosure [Abstract]
Litigation settlement		$ 1.0
Payments for legal settlements	$ 1.2

Stockholders' Equity Stockholders' Equity (Stock-Based Compensation Plans) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Apr. 16, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Class of Stock [Line Items]
Exercise of stock options, shares		0	32,665	18,736	314,294
Share-based Compensation Arrangement by Share-based Payment Award, Options, Other Increases (Decreases) in Period			17,790	8,125	166,359
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price			$ 21.81		$ 21.78
Payment, Tax Withholding, Share-based Payment Arrangement				$ 287	$ 1,433
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 25.88
Share-based Compensation Arrangement by Share-based Payment Award, Options, Returned for Payroll Taxes			2,192	1,601	20,163
Treasury stock acquired (in shares)		0	1,203,493	695,496	1,528,197
Treasury Stock Acquired, Average Cost Per Share		$ 0	$ 44.24	$ 49.22	$ 42.89
Treasury Stock, Value, Acquired, Cost Method		$ 0	$ 53,239	$ 34,234	$ 65,540
Advsior
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		155	112	374	389
Share Based Compensation Arrangement By Share Based Payment Award, Options, Aggregate Grant Date Fair Value		$ 5	$ 5	$ 15	$ 15
Stock options
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value			600	500	5,000
Proceeds from Stock Options Exercised		0	0	60	880
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation		$ 0	$ 82	$ 82	$ 1,058
Stock options \| Black-Scholes
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				58,500	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					$ 7,115
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		3,652	6,000	28,790	19,684
Share Based Compensation Arrangement By Share Based Payment Award, Options, Aggregate Grant Date Fair Value				$ 959
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures Fair Valueriod		$ 37	$ 61	$ 322	$ 181
Stock options \| Black-Scholes \| Five Year Vesting Period
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		0	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value		$ 0	$ 0
Stock options \| Black-Scholes \| Seven Year Vesting Period
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		0	0	310,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value		$ 0	$ 0	$ 5,388	$ 0
Stock options \| Black-Scholes \| Three Year Vesting Period
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		12,600	0	12,600	0
Share price at grant date		$ 31.58		$ 31.58
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value		$ 143	$ 0	$ 143	$ 0
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		0	0	0	150,000
Share price at grant date				$ 49.48	$ 34.79
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value		$ 0	$ 0	$ 0	$ 1,684
Stock options \| Monte-Carlo Pricing Model \| Minimum
Class of Stock [Line Items]
Common stock price for options to vest (in USD per share)		$ 53.39		$ 53.39
Number of options available to vest (in shares)		50,000		50,000
Stock options \| Monte-Carlo Pricing Model \| Maximum
Class of Stock [Line Items]
Common stock price for options to vest (in USD per share)		$ 77.34		$ 77.34
Number of options available to vest (in shares)		100,000		100,000
Restricted Stock Units (RSUs)
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			0	0	9,300
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period, Fair Value		$ 16	$ 0	$ 63	$ 27
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Aggregate Grant Date Market Value			$ 0	$ 0	$ 324
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation		0	711	4,136	10,399
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation		$ 0	$ 28	$ 205	$ 375
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited		500	0	1,950	966
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					$ 34.79
Performance awards
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		0	29,548	27,013	39,802
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Granted In Period, Fair Value		$ 0	$ 1,062	$ 1,262	$ 1,464
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		0	6,987	20,961	41,922
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period, Fair Value		$ 0	$ 101	$ 201	$ 598
Good to Great Awards
Class of Stock [Line Items]
Share price at grant date	$ 49.48
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		0	0	27,448	0
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period, Fair Value		$ 0	$ 0	$ 1,358,000	$ 0

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands							3 Months Ended					9 Months Ended
	Sep. 01, 2022	Jun. 01, 2022	Mar. 01, 2022	Sep. 01, 2021	Jun. 03, 2021	Mar. 01, 2021	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jul. 26, 2021	May 18, 2021
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, Weighted Average Grant Date Fair Value												$ 25.88
Directors compensation expense								$ 167			$ 201	$ 552	$ 656
Dividends declared per common share (in dollars per Share)	$ 0.1125	$ 0.1125	$ 0.1125	$ 0.1000	$ 0.1000	$ 0.1000		$ 0.1125			$ 0.1000	$ 0.3375	$ 0.3000
Stock Issued During Period, Shares, Employee Stock Purchase Plans								13,795			14,734	38,884	46,622
Employee Stock Purchase Plan Weighted Average Purchase Price Of Shares Purchased (in USD per share)								$ 27.34			$ 26.32	$ 35.42	$ 26.32
Treasury stock acquired (in shares)								0			1,203,493	695,496	1,528,197
Treasury Stock, Value, Acquired, Cost Method								$ 0			$ 53,239	$ 34,234	$ 65,540
Treasury Stock Acquired, Average Cost Per Share								$ 0			$ 44.24	$ 49.22	$ 42.89
Shares settled (in shares)								84,000				84,000
Treasury stock settled								$ 3,800				$ 3,800
Additional authorized amount														$ 75,000	$ 75,000
Additional authorized amount								$ 48,900				$ 48,900
Restricted Stock Units (RSUs)
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											0	0	9,300
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other Than Options, Grants in Period, Aggregate Grant Date Market Value											$ 0	$ 0	$ 324
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value													$ 34.79
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited								500			0	1,950	966
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation								0			711	4,136	10,399
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation								$ 0			$ 28	$ 205	$ 375
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield												0.01%
Share-based compensation expense								$ 120			117	$ 471	458
Expected volatility												30.24%
Risk-free interest rate								0.31%	0.22%	0.08%
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							0.40%
Expected holding period (years)							1 year
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense								$ 36			89	$ 133	308
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								559			467	$ 1,747	1,507
Proceeds from Stock Options Exercised								0			0	60	880
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation								$ 0			$ 82	$ 82	$ 1,058
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								0			0	0	150,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value								$ 0			$ 0	$ 0	$ 1,684
Share price at grant date												$ 49.48	$ 34.79
Performance awards
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								0			29,548	27,013	39,802
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Granted In Period, Fair Value								$ 0			$ 1,062	$ 1,262	$ 1,464
Director
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								2,214			3,192	7,255	12,565
Share Based Compensation Arrangement By Share Based Payment Award, Options, Aggregate Grant Date Fair Value								$ 71			$ 142	$ 307	$ 480
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value								$ 32.16			$ 44.59	$ 42.20	$ 38.20
Officers And Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Directors compensation expense								$ 701			$ 475	$ 1,904	$ 1,064
Advsior
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								155			112	374	389
Share Based Compensation Arrangement By Share Based Payment Award, Options, Aggregate Grant Date Fair Value								$ 5			$ 5	$ 15	$ 15

Stockholders' Equity (ESPP) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended					9 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Employee Stock Purchase Plans		13,795			14,734	38,884	46,622
Employee Stock Purchase Plan Weighted Average Purchase Price Of Shares Purchased (in USD per share)		$ 27.34			$ 26.32	$ 35.42	$ 26.32
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate		0.31%	0.22%	0.08%
Share-based compensation expense		$ 120			$ 117	$ 471	$ 458
Dividend yield						0.01%
Expected volatility						30.24%
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	0.40%
Expected holding period (years)	1 year

Stockholders' Equity (Weighted Average Assumptions) (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield					0.01%
Expected volatility					30.24%
Risk-free interest rate	0.31%	0.22%	0.08%
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]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					58,500	701,400
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value						$ 7,115
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	0			0	0	150,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value	$ 0			$ 0	$ 0	$ 1,684

Stockholders' Equity Cash Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands							3 Months Ended		9 Months Ended
	Sep. 01, 2022	Jun. 01, 2022	Mar. 01, 2022	Sep. 01, 2021	Jun. 03, 2021	Mar. 01, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Equity [Abstract]
Dividends declared per common share (in dollars per Share)	$ 0.1125	$ 0.1125	$ 0.1125	$ 0.1000	$ 0.1000	$ 0.1000	$ 0.1125	$ 0.1000	$ 0.3375	$ 0.3000
Dividends	$ 1,653	$ 1,730	$ 1,725	$ 1,783	$ 1,808	$ 1,799

Stockholders' Equity Performance Awards Assumptions (Details) - Performance awards - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Jun. 01, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incremental compensation expense	$ 2.6
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		0	29,548	27,013	39,802

Earnings Per Share (EPS Computations) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	$ 5,860	$ 13,046	$ 33,361	$ 19,812
Less: Earnings allocated to unvested restricted stock	(3)	(18)	(21)	(33)
Income attributable to common stockholders	$ 5,857	$ 13,028	$ 33,340	$ 19,779
Denominator [Abstract]
Denominator for basic earnings per common share - weighted average shares outstanding (in shares)	14,689,000	17,499,000	14,908,000	17,809,000
Denominator for diluted earnings per common share - weighted average shares outstanding (in shares)	15,537,000	18,246,000	15,849,000	18,365,000
Basic and Diluted earnings per common share:
Basic earnings (loss) per common share (in dollars per share)	$ 0.40	$ 0.74	$ 2.22	$ 1.11
Diluted earnings (loss) per common share (in dollars per share)	$ 0.38	$ 0.71	$ 2.09	$ 1.08
Stock options
Denominator [Abstract]
Effect of dilutive securities (in shares)	160,000	235,000	253,000	277,000
Basic and Diluted earnings per common share:
Antidilutive securities excluded from computation of diluted EPS	363,073	0	294,310	0
Performance awards
Denominator [Abstract]
Effect of dilutive securities (in shares)	688,000	512,000	688,000	279,000

Segment Reporting (Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 87,497	$ 95,041	$ 276,258	$ 279,955
Services
Segment Reporting Information [Line Items]
Revenues	42,992	46,210	135,279	134,086
Merchandise
Segment Reporting Information [Line Items]
Revenues	24,428	26,837	77,116	78,750
Cemetery property
Segment Reporting Information [Line Items]
Revenues	13,179	15,206	43,379	46,795
Other revenue
Segment Reporting Information [Line Items]
Revenues	6,898	6,788	20,484	20,324
Funeral
Segment Reporting Information [Line Items]
Revenues	62,780	68,897	199,073	200,503
Funeral \| Services
Segment Reporting Information [Line Items]
Revenues	38,477	41,987	122,133	121,734
Funeral \| Merchandise
Segment Reporting Information [Line Items]
Revenues	20,777	23,532	66,587	68,363
Funeral \| Cemetery property
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Funeral \| Other revenue
Segment Reporting Information [Line Items]
Revenues	3,526	3,378	10,353	10,406
Cemetery
Segment Reporting Information [Line Items]
Revenues	24,717	26,144	77,185	79,452
Cemetery \| Services
Segment Reporting Information [Line Items]
Revenues	4,515	4,223	13,146	12,352
Cemetery \| Merchandise
Segment Reporting Information [Line Items]
Revenues	3,651	3,305	10,529	10,387
Cemetery \| Cemetery property
Segment Reporting Information [Line Items]
Revenues	13,179	15,206	43,379	46,795
Cemetery \| Other revenue
Segment Reporting Information [Line Items]
Revenues	$ 3,372	$ 3,410	$ 10,131	$ 9,918

- Definition

+ References

+ Details

Segment Reporting (Revenue, pre-tax income and total and total assets by segments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ 15,222	$ 23,265	$ 60,098	$ 70,435
Income (loss) before income taxes:	8,639	18,168	45,243	26,383
Total assets	1,147,387		1,147,387		$ 1,178,631
Funeral
Segment Reporting Information [Line Items]
Operating Income (Loss)	17,584	22,924	61,531	65,404
Income (loss) before income taxes:	17,605	22,777	64,577	64,951
Total assets	759,431		759,431		769,539
Cemetery
Segment Reporting Information [Line Items]
Operating Income (Loss)	8,023	9,471	26,662	30,462
Income (loss) before income taxes:	7,985	9,508	26,671	30,537
Total assets	371,441		371,441		390,344
Corporate
Segment Reporting Information [Line Items]
Operating Income (Loss)	(10,385)	(9,130)	(28,095)	(25,431)
Income (loss) before income taxes:	(16,951)	$ (14,117)	(46,005)	$ (69,105)
Total assets	$ 16,515		$ 16,515		$ 18,748

- 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

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Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

Supplementary Data (Details) - USD ($) $ in Thousands	9 Months Ended
Supplementary Data (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Prepaid and other current assets:
Prepaid expenses	$ 3,348		$ 2,215
Other current assets	166		125
Total prepaid and other current assets	4,131		6,404
Acquisition debt	614		521
Finance lease obligations	416		375
Operating lease obligations	2,074		1,913
Total current portion of debt and lease obligations	3,104		2,809
Accrued and other liabilities:
Incentive compensation	8,801		19,121
Insurance	3,882		4,089
Unrecognized tax benefit	3,272		3,761
Vacation	3,339		3,334
Natural disaster liability	43		2,628
Interest	6,473		2,250
Salaries and wages	3,909		2,193
Employer payroll tax deferral	1,773		1,773
Employee meetings and award trips	868		1,462
Commissions	798		684
Income tax payable	864		485
Ad valorem and franchise taxes	2,196		450
Perpetual care trust payable	97		389
Other accrued liabilities	808		1,154
Total accrued and other liabilities	37,123		43,773
Other long-term liabilities:
Incentive compensation	2,038		1,291
Other long-term liabilities	662		128
Total other long-term liabilities	2,700		1,419
Cash paid for interest	12,981	$ 14,817
Cash paid for taxes	7,046	9,974
Unsettled share repurchases	0	3,801
Fair value of donated real property	0	$ 635
Federal income taxes receivable
Prepaid and other current assets:
Income taxes receivable	0		4,064
State income taxes receivable
Prepaid and other current assets:
Income taxes receivable	$ 617		$ 0

Subsequent Events (Details) $ / shares in Units, $ in Millions								3 Months Ended		9 Months Ended
	Oct. 25, 2022 USD ($) funeral_home cemetary crematory	Sep. 01, 2022 $ / shares	Jun. 01, 2022 $ / shares	Mar. 01, 2022 $ / shares	Sep. 01, 2021 $ / shares	Jun. 03, 2021 $ / shares	Mar. 01, 2021 $ / shares	Sep. 30, 2022 $ / shares	Sep. 30, 2021 $ / shares	Sep. 30, 2022 $ / shares	Sep. 30, 2021 $ / shares
Subsequent Event [Line Items]
Dividends declared per common share (in dollars per Share) \| $ / shares		$ 0.1125	$ 0.1125	$ 0.1125	$ 0.1000	$ 0.1000	$ 0.1000	$ 0.1125	$ 0.1000	$ 0.3375	$ 0.3000
Subsequent Event \| Charlotte, North Carolina
Subsequent Event [Line Items]
Number of funeral homes acquired \| funeral_home	3
Number of cemetaries acquired \| cemetary	1
Number of cremation focused businesses acquired \| crematory	1
Cash purchase price \| $	$ 25