0001016281-23-000045 | 10-K | XBRL Viewer

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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2022	Feb. 24, 2023	Jun. 30, 2022
Cover [Abstract]
Entity Registrant Name	CARRIAGE SERVICES, INC.
Entity Central Index Key	0001016281
Document Type	10-K
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Small Business	false
Entity Interactive Data Current	Yes
Entity Public Float			$ 519.5
Entity Common Stock, Shares Outstanding		14,890,623
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	1-11961
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
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE _____________________________________ Certain information required to be disclosed in Part III of this report is incorporated by reference from the registrant’s definitive proxy statement or an amendment to this report, which will be filed with the SEC not later than 120 days after the end of the fiscal year covered by this report.
ICFR Auditor Attestation Flag	true

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Firm ID	248
Auditor Name	GRANT THORNTON LLP
Auditor Location	Dallas, Texas

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,170	$ 1,148
Accounts receivable, net	24,458	25,314
Inventories	7,613	7,346
Prepaid and other current assets	4,733	6,404
Total current assets	37,974	40,212
Preneed cemetery trust investments	95,065	100,903
Preneed funeral trust investments	104,553	113,658
Preneed cemetery receivables, net	26,672	23,150
Receivables from preneed funeral trusts, net	19,976	19,009
Property, plant and equipment, net	278,106	269,367
Cemetery property, net	104,170	100,701
Goodwill	410,137	391,972
Intangible and other non-current assets, net	32,930	29,378
Operating lease right-of-use assets	17,060	17,881
Cemetery perpetual care trust investments	66,307	72,400
Total assets	1,192,950	1,178,631
Current liabilities:
Current portion of debt and lease obligations	3,172	2,809
Accounts payable	11,675	14,205
Accrued and other liabilities	30,621	43,773
Total current liabilities	45,468	60,787
Acquisition debt, net of current portion	3,438	3,979
Credit facility	188,836	153,857
Obligations under finance leases, net of current portion	4,743	5,157
Obligations under operating leases, net of current portion	17,315	18,520
Deferred preneed cemetery revenue	51,746	50,202
Deferred preneed funeral revenue	32,029	30,584
Deferred tax liability	48,820	45,784
Other long-term liabilities	3,065	1,419
Deferred preneed cemetery receipts held in trust	95,065	100,903
Deferred preneed funeral receipts held in trust	104,553	113,658
Care trusts’ corpus	65,495	71,156
Total liabilities	1,055,816	1,050,616
Commitments and contingencies:
Stockholders’ equity:
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,264,245 and 26,359,876 shares issued, respectively and 15,331,923 and 14,732,058 shares outstanding, respectively	264	263
Additional paid-in capital	238,780	236,809
Retained earnings	176,843	135,462
Treasury stock, at cost; 10,932,322 and 11,627,818 shares, respectively	(278,753)	(244,519)
Total stockholders’ equity	137,134	128,015
Total liabilities and stockholders’ equity	1,192,950	1,178,631
Senior notes
Current liabilities:
Senior notes	$ 395,243	$ 394,610

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 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 (in shares)	80,000,000	80,000,000
Common stock, shares issued (in shares)	26,359,876	26,264,245
Common stock outstanding (in shares)	14,732,058	15,331,923
Treasury stock, shares (in shares)	11,627,818	10,932,322

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Revenues	$ 370,174	$ 375,886	$ 329,448
Field costs and expenses:
Cemetery property amortization	5,859	6,670	4,956
Field depreciation expense	13,316	12,609	13,006
Regional and unallocated funeral and cemetery costs	22,960	25,846	18,057
Other expenses	5,038	4,979	4,808
Total field costs and expenses	250,948	246,370	223,525
Gross profit	119,226	129,516	105,923
Corporate costs and expenses:
General, administrative and other	37,471	35,190	27,254
Net loss on divestitures, disposals and impairment charges	2,029	666	21,442
Operating income	79,726	93,660	57,227
Interest expense	(25,895)	(25,445)	(32,515)
Accretion of discount on convertible notes	0	(20)	(216)
Loss on extinguishment of debt	(190)	(23,807)	(6)
Gain on insurance reimbursements	3,471	0	0
Other, net	82	(84)	152
Income before income taxes	57,194	44,304	24,642
Expense for income taxes	(16,243)	(12,316)	(7,985)
Tax adjustment related to discrete items	430	1,171	(567)
Total expense for income taxes	(15,813)	(11,145)	(8,552)
Net income	$ 41,381	$ 33,159	$ 16,090
Basic earnings per common share (in dollars per share)	$ 2.78	$ 1.90	$ 0.90
Diluted earnings per common share (in dollars per share)	2.63	1.81	0.89
Dividends declared per share (in dollars per share)	$ 0.4500	$ 0.4125	$ 0.3375
Weighted average number of common and common equivalent shares outstanding:
Basic (in shares)	14,857	17,409	17,872
Diluted (in shares)	15,710	18,266	18,077
Service revenue
Revenue:
Revenues	$ 181,271	$ 180,572	$ 164,984
Field costs and expenses:
Cost of goods and services	87,322	82,395	79,634
Property and merchandise revenue
Revenue:
Revenues	161,970	167,721	139,630
Field costs and expenses:
Cost of goods and services	116,453	113,871	103,064
Other revenue
Revenue:
Revenues	$ 26,933	$ 27,593	$ 24,834

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	Accumulated Deficit	Treasury Stock
Beginning balance, shares outstanding at Dec. 31, 2019			17,855,000
Beginning Balance at Dec. 31, 2019	$ 226,569		$ 259		$ 242,147		$ 86,213	$ (102,050)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	$ 16,090						16,090
Issuance of common stock from employee stock purchase plan (in shares)	71,908
Issuance of common stock, shares			72,000	31,000
Issuance of common stock	$ 1,202	$ 653	$ 1		1,201	$ 653
Exercise of stock options, shares	40,365		20,000
Exercise of stock options	$ (70)		$ 0		(70)
Issuance of restricted common stock, shares			10,000
Cancellation and retirement of restricted common stock, shares			(11,000)
Cancellation and retirement of restricted common stock	(250)				(250)
Stock-based compensation expense	2,717				2,717
Dividends on common stock	(6,048)				(6,048)
Stock Issued During Period, Value, Conversion of Convertible Securities	$ (828)		$ 0		(828)
Treasury stock acquired, shares	0
Other (in share)			18,000
Other	$ 467				467
Ending balance, shares outstanding at Dec. 31, 2020			17,995,000
Ending Balance at Dec. 31, 2020	240,502		$ 260		239,989		102,303	(102,050)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	$ 33,159						33,159
Issuance of common stock from employee stock purchase plan (in shares)	61,904
Issuance of common stock, shares			62,000	15,000
Issuance of common stock	$ 1,630	642	$ 1		1,629	642
Exercise of stock options, shares	423,294		169,000
Exercise of stock options	$ (1,257)		$ 2		(1,259)
Issuance of restricted common stock, shares			9,000
Cancellation and retirement of restricted common stock, shares			(11,000)
Cancellation and retirement of restricted common stock	(375)				(375)
Stock-based compensation expense	4,871				4,871
Dividends on common stock	(7,264)				(7,264)
Stock Issued During Period, Value, Conversion of Convertible Securities	$ (1,424)				(1,424)
Treasury stock acquired, shares	(2,906,983)		(2,907,000)
Treasury stock acquired	$ (142,469)							(142,469)
Ending balance, shares outstanding at Dec. 31, 2021			15,332,000
Ending Balance at Dec. 31, 2021	128,015		$ 263		236,809		135,462	(244,519)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	$ 41,381						41,381
Issuance of common stock from employee stock purchase plan (in shares)	52,053		52,000
Issuance of common stock from employee stock purchase plan	$ 1,686		$ 1		1,685
Issuance of common stock, shares				12,000
Issuance of common stock		$ 435				$ 435
Exercise of stock options, shares	32,196		10,000
Exercise of stock options	$ (63)		$ 0		(63)
Cancellation and retirement of restricted common stock, shares			(6,000)
Cancellation and retirement of restricted common stock	(205)				(205)
Stock-based compensation expense	5,524				5,524
Dividends on common stock	$ (6,763)				(6,763)
Treasury stock acquired, shares	(695,496)		(695,000)
Treasury stock acquired	$ (34,234)							(34,234)
Other (in share)			27,000
Other	1,358				1,358
Ending balance, shares outstanding at Dec. 31, 2022			14,732,000
Ending Balance at Dec. 31, 2022	$ 137,134		$ 264		$ 238,780		$ 176,843	$ (278,753)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 41,381	$ 33,159	$ 16,090
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	19,799	20,520	19,389
Provision for credit losses	2,818	1,783	2,318
Stock-based compensation expense	5,959	5,513	3,370
Deferred income tax expense (benefit)	3,036	(692)	4,597
Amortization of Intangible Assets	1,286	1,285	1,299
Amortization of debt issuance costs	552	576	782
Amortization and accretion of debt	493	439	523
Loss on extinguishment of debt	190	23,807	6
Net loss on divestitures, disposals and impairment charges	2,029	847	21,693
Gain on insurance reimbursements	(3,471)	0	(97)
Other	(155)	0	19
Changes in operating assets and liabilities that provided (used) cash:
Accounts and preneed receivables	(5,358)	(4,090)	(4,279)
Inventories, prepaid and other current assets	2,295	(4,449)	3,516
Intangible and other non-current assets	(1,917)	(1,181)	(1,015)
Preneed funeral and cemetery trust investments	(17,679)	(31,349)	(5,043)
Accounts payable	(101)	522	2,702
Accrued and other liabilities	(9,120)	3,485	10,784
Deferred preneed funeral and cemetery revenue	1,302	5,010	528
Deferred preneed funeral and cemetery receipts held in trust	17,685	29,061	5,733
Net cash provided by operating activities	61,024	84,246	82,915
Cash flows from investing activities:
Acquisitions of businesses and real estate	(33,876)	(3,285)	(28,011)
Proceeds from divestitures and sale of other assets	5,027	7,875	8,541
Proceeds from insurance reimbursements	2,440	7,758	248
Capital expenditures	(26,081)	(24,883)	(15,198)
Net cash used in investing activities	(52,490)	(12,535)	(34,420)
Cash flows from financing activities:
Borrowings from the credit facility	155,400	266,168	109,500
Payments against the credit facility	(120,100)	(157,968)	(146,100)
Payment to redeem the 6.625% senior notes due 2026	0	(400,000)	0
Payment of call premium for the redemption of the 6.625% senior notes due 2026	0	(19,876)	0
Proceeds from the issuance of the 4.25% senior notes due 2029	0	395,500	0
Payment of debt issuance costs for the credit facility and 4.25% senior notes due 2029	(922)	(2,197)	(78)
Conversions and maturity of the convertible notes	0	(3,980)	(4,563)
Payments on acquisition debt and obligations under finance leases	(882)	(1,331)	(1,745)
Payments on contingent consideration recorded at acquisition date	0	(461)	(169)
Proceeds from the exercise of stock options and employee stock purchase plan contributions	1,745	2,644	1,229
Taxes paid on restricted stock vestings and exercise of stock options	(327)	(2,647)	(348)
Dividends paid on common stock	(6,763)	(7,264)	(6,048)
Purchase of treasury stock	(36,663)	(140,040)	0
Net cash used in financing activities	(8,512)	(71,452)	(48,322)
Net increase in cash and cash equivalents	22	259	173
Cash and cash equivalents at beginning of year	1,148	889	716
Cash and cash equivalents at end of year	$ 1,170	$ 1,148	$ 889

Basis of Presentation and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESThe 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 accounts for approximately 70% of our revenue and Cemetery Operations, which currently accounts for approximately 30% of our revenue. At December 31, 2022, we operated 171 funeral homes in 26 states and 32 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

The accompanying Consolidated Financial Statements include the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated.

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 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 year ended December 31, 2022, we acquired a business in Kissimmee, Florida consisting of two funeral homes for $6.3 million and a business in the Charlotte, North Carolina area consisting of three funeral homes, one cemetery and one cremation focused business for $25.0 million. We did not acquire any businesses in 2021.

The pro forma impact of the acquisitions on prior periods is not presented as the impact is not material to our reported results. The results of the acquired businesses are included in our results of operations from the date of acquisition.

See Note 3 to the Consolidated Financial Statements for additional information related to 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.

During the year ended December 31, 2022, we sold four funeral homes for $1.5 million and merged one funeral home with another business we own in an existing market. During the year ended December 31, 2021, we sold two funeral homes and one cemetery for $2.5 million and we merged six funeral homes with other businesses we own in existing markets. During the year ended December 31, 2020, we sold eight funeral homes for $8.4 million.

See Notes 4 and 5 to the Consolidated Financial Statements for additional information related to divestitures.

Held for Sale

At December 31, 2022, we had $0.8 million of assets classified as held for sale on our Consolidated Balance Sheet related to one funeral home and two cemeteries that we divested on January 31, 2023, described in Note 24 to the Consolidated Financial Statements. The carrying value of these assets held for sale exceeded the fair value and in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), we recognized impairments of $1.0 million related to property, plant and

equipment, $0.9 million related to cemetery property and $0.4 million related to goodwill, which were recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

Goodwill

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

Our intent is to perform a quantitative impairment test at least once every three years and perform a qualitative assessment during the remaining two years. We conducted qualitative assessments in 2020 and 2021 and 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.

For our 2022, 2021 and 2020 annual impairment tests performed as of August 31 each year, we concluded that there was no impairment to goodwill as the fair value of our reporting units was greater than the carrying value.

During 2020, as a result of economic conditions caused by COVID-19, we performed a quantitative assessment of our goodwill at March 31, 2020, and recorded an impairment to goodwill of $13.6 million, as the carrying amount of our funeral homes in the Eastern Region Reporting Unit exceeded the fair value.

Goodwill is only allocated to a divestiture if the set is considered to be a business. When we divest a portion of a reporting unit that constitutes a business in accordance with 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.

During the year ended December 31, 2022, we allocated $0.9 million of goodwill related to the sale of two funeral homes for a loss recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

For the years ended December 31, 2021 and 2020, after each divestiture, we concluded that it was more-likely-than not that the fair value of our reporting units was greater than their carrying value and thus there was no impairment to goodwill.

See Note 4 to the Consolidated Financial Statements for additional information related to goodwill.

Intangible Assets

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

Our 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.

For our 2022, 2021 and 2020 annual impairment tests performed as of August 31 each year, we concluded there that was no impairment to our intangible assets as the fair value of our intangible assets was greater than the carrying value.

During 2020, as a result of economic conditions caused by COVID-19, we performed a quantitative assessment of our tradenames at March 31, 2020 and we recorded an impairment to tradenames for certain of our funeral homes of $1.1 million, as the carrying amount of these tradenames exceeded the fair value.

See Note 11 to the Consolidated Financial Statements for additional information related to 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.

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

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 for additional information related to preneed and perpetual care trust funds.

Deferred Revenue

We 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, with a corresponding amount recognized as Deferred preneed funeral revenue.

Under certain state regulations, we are allowed to retain certain amounts not required to be deposited to a trust or used to purchase a third-party insurance policy. These amounts we retain represent future revenue that are not held in trust accounts and are recorded in Deferred preneed funeral and cemetery revenue. Future revenue that are held in trust accounts are included in Deferred preneed funeral and cemetery receipts held in trust discussed above.

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.

In the ordinary course of business, we are typically exposed to a variety of market risks. Currently, these are primarily related to changes in fair market values related to outstanding debts and changes in the values of securities associated with the preneed and perpetual care trusts. Management is actively involved in monitoring exposure to market risk and developing and utilizing risk management techniques when appropriate and when available for a reasonable price.

See Notes 7 and 10 to the Consolidated Financial Statements for additional required disclosures related to the 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 11 to the Consolidated Financial Statements for additional information related to 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 following estimated useful lives of the assets:


			Years
Buildings and improvements			15 to 40
Furniture and fixtures			5 to 10
Machinery and equipment			3 to 15
Automobiles			5 to 7

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. Factors that could trigger an impairment review include, but are not limited to, significant under-performance relative to historical or projected future operating results. We evaluate our long-lived assets for impairment when a funeral home or cemetery business has negative earnings before interest, taxes, depreciation and amortization (“EBITDA”) for four consecutive years and if there has been a decline in EBITDA in that same period. We test the recoverability of our long-lived assets by comparing their carrying value to the sum of the undiscounted cash flows expected to result from the use of the assets over their remaining useful lives. We recognize an impairment loss if the carrying amount of the long-lived asset is not recoverable and exceeds its fair value.

Additionally, assets to be disposed of and assets not expected to provide any future service potential are recorded at the lower of their carrying amount or fair value less estimated costs to sell. If we determine that the carrying value is not recoverable from the proceeds of the sale, we record an impairment loss at that time.

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


	December 31, 2021		December 31, 2022
Land	$	82,095	$	84,405
Buildings and improvements	240,387		251,778
Furniture, equipment and automobiles	73,377		70,522
Property, plant and equipment, at cost	395,859		406,705
Less: accumulated depreciation	(126,492)		(128,599)
Property, plant and equipment, net	$	269,367	$	278,106

During the year ended December 31, 2022, we acquired $8.1 million of property, plant and equipment related to our business combinations, described in Note 3 to the Consolidated Financial Statements and $2.6 million related to real property acquisitions. 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, which was recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations. We also divested four funeral homes that had a carrying value of property, plant and equipment of $1.3 million, described in Note 5 to the Consolidated Financial Statements.

During the year ended December 31, 2021, we acquired real property for $3.3 million. Additionally, we sold real property for $5.2 million, with a carrying value of $4.3 million, resulting in a gain on the sale of $0.9 million. We recognized a $0.5 million impairment related to property, plant and equipment assets held for sale. The gain on sale and impairment were recorded in Net loss on divestitures, disposals and impairment charges. We also divested two funeral homes and one cemetery that had a carrying value of property, plant and equipment of $1.4 million, which was included in the gain or loss on the sale of divestitures and recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations. Additionally, we disposed of damaged and obsolete property, plant and equipment that had a carrying value of $1.0 million, which was recorded in Net loss on divestitures, disposals and impairment charges.

Our growth and maintenance capital expenditures totaled $19.0 million and $18.4 million for the years ended December 31, 2021 and 2022, respectively, for property, plant, equipment. In addition, we recorded depreciation expense of $14.4 million, $13.8 million and $13.7 million for the years ended December 31, 2020, 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 $104.2 million, net of accumulated amortization of $53.1 million and $59.0 million at December 31, 2021 and 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 totaled $5.9 million and $7.7 million for the years ended December 31, 2021 and 2022, respectively, for cemetery property development. We recorded amortization expense for

cemetery interment rights of $5.0 million, $6.7 million and $6.1 million for the years ended December 31, 2020, 2021 and 2022, respectively.

During the year ended December 31, 2021, we divested one cemetery that had a carrying value of cemetery property of $0.1 million, which was included in the gain or loss on the sale of divestitures and recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

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 Note 15 to the Consolidated Financial Statements for additional information related to 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. For the year ended December 31, 2020, the excess tax deficiency related to share-based payments was $0.1 million and the excess tax benefit for the year ended December 31, 2021 was $1.2 million. We did not have an excess tax benefit or deficiency for the year ended December 31, 2022. The excess tax benefit and tax deficiency are recorded within Tax adjustment related to discrete items on our Consolidated Statements of Operations. Excess tax benefits and deficiencies related to share-based payments are included in operating cash flows on the Consolidated Statements of Cash Flows.

See Note 18 to the Consolidated Financial Statements for additional information related to 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. At December 31, 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 $8.9 million at December 31, 2021 and 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 $11.6 million at December 31, 2021 and 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 21 to the Consolidated Financial Statements 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.

See Note 17 to the Consolidated Financial Statements for additional information related to income taxes.

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 and directors are considered participating securities, and we have prepared our earnings per share calculations attributable to common stockholders to exclude outstanding unvested restricted stock awards, using the two-class method, in both the basic and diluted weighted average shares outstanding calculation.

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 20 to the Consolidated Financial Statements for additional information related to the computation of earnings per share.

Subsequent Events

We have evaluated events and transactions during the period subsequent to December 31, 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 24 to the Consolidated Financial Statements for additional information related to subsequent events.

Recently Issued Accounting Standards	12 Months Ended
Recently Issued Accounting Standards	Dec. 31, 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. Topic 848 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 the provisions of Topic 848 in March 2020. On May 27, 2022, we amended our Credit Facility (defined in Note 12) 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 12 to the Consolidated Financial Statements 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 expect the adoption will have no impact on our consolidated financial statements. Credit Losses - Vintage DisclosuresIn 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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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Acquisitions

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

ACQUISITIONS

On August 8, 2022, we acquired a business consisting of two funeral homes in Kissimmee, Florida for $6.3 million in cash. On October 25, 2022, we acquired a business consisting of three funeral homes, one cemetery and one cremation focused business in the Charlotte, North Carolina area for $25.0 million in cash. We acquired substantially all of the assets and assumed certain operating liabilities of these businesses. We did not acquire any businesses in 2021.

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

The following table summarizes the breakdown of the purchase price allocation for the businesses described above (in thousands):


	Purchase Price Allocation
Current assets	$	219
Trust investments	4,146
Property, plant & equipment	8,146
Cemetery property	2,375
Goodwill	19,511
Intangible and other non-current assets	2,145


Trust liabilities	(4,146)
Deferred revenue	(1,146)
Purchase price	$	31,250

The intangible and other non-current assets relate to the fair value of tradenames and non-compete agreements. The goodwill recorded for our 2022 acquisitions is expected to be deductible for tax purposes. As of December 31, 2022, our accounting for our 2022 acquisitions is complete.

The following table summarizes the fair value of the assets acquired for these businesses (in thousands):


Acquisition Date	Type of Business	Market	Assets Acquired (Excluding Goodwill)		Goodwill Recorded		Liabilities and Debt Assumed
August 8, 2022	Two Funeral Homes	Kissimmee, FL	$	4,995	$	2,694	$	(1,439)
October 25, 2022	Three Funeral Homes, One Cemetery and One Cremation Focused Business	Charlotte, NC	$	12,036	$	16,817	$	(3,853)

Goodwill

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

Many of the former owners and staff of our acquired funeral homes and certain cemeteries have provided high quality service to families for generations, which often represents a substantial portion of the value of a business. 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.

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


	December 31, 2021		December 31, 2022
Goodwill at the beginning of year	$	392,978	$	391,972
Increase in goodwill related to acquisitions	—		19,511
Decrease in goodwill related to divestitures	(1,006)		(901)
Decrease in goodwill related to assets held for sale	—		(445)
Goodwill at the end of the year	$	391,972	$	410,137

During the year ended December 31, 2022, we recognized $19.5 million in goodwill related to our 2022 acquisitions; $7.4 million was allocated to our cemetery segment and $12.1 million was allocated to our funeral home segment.

During the year ended December 31, 2022, we allocated $0.9 million of goodwill to the sale of two funeral homes for a loss recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations. In addition, we recorded a $0.4 million goodwill impairment related to one funeral home and two cemeteries that were classified as held for sale at the balance sheet date, which was recorded in Net loss on divestitures, disposals and impairment charges in our Consolidated Statements of Operations.

During the year ended December 31, 2021, we allocated $1.0 million of goodwill to the sale of one funeral home for a loss recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

See Notes 1, 3, and 5 to the Consolidated Financial Statements for a discussion of the methodology used for our annual goodwill impairment test and a discussion of our acquisitions and divestitures.

Divested Operations

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Divested Operations

DIVESTED OPERATIONS

During 2022, we sold four funeral homes for an aggregate of $1.5 million and merged one funeral home with another business we own in an existing market. During 2021, we sold two funeral homes and one cemetery for an aggregate of $2.5 million and we merged six funeral homes with other businesses we own in existing markets. During 2020, we sold eight funeral homes for an aggregate of $8.4 million.

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


	Years Ended December 31,
	2020		2021		2022
Revenue	$	2,643	$	1,070	$	656

Operating income	159		6		54
Net loss on divestitures(1)	(6,749)		(62)		(736)
Income tax benefit	2,135		16		193
Net loss from divested operations, after tax	$	(4,455)	$	(40)	$	(488)



(1)			Net loss on divestitures is recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

Receivables

12 Months Ended

Dec. 31, 2022

Preneed Cemetery Receivables [Abstract]

RECEIVABLES

Accounts Receivable

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


	December 31, 2022
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	9,518	$	14,429	$	—	$	23,947
Other receivables	643		833		48		1,524
Allowance for credit losses	(311)		(702)		—		(1,013)
Accounts receivable, net	$	9,850	$	14,560	$	48	$	24,458


	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 for the year ended December 31, 2022 (in thousands):


	January 1, 2022		Provision for Credit Losses		Write Offs		Recoveries		December 31, 2022
Trade and financed receivables:
Funeral	$	(365)	$	(1,213)	$	2,060	$	(793)	$	(311)
Cemetery	(625)		(608)		531		—		(702)
Total allowance for credit losses on Trade and financed receivables	$	(990)	$	(1,821)	$	2,591	$	(793)	$	(1,013)

Preneed Cemetery Receivables

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


	December 31, 2021		December 31, 2022
Interment rights	$	40,863	$	45,351
Merchandise and services	7,348		8,585
Unearned finance charges	4,644		4,894
Preneed cemetery receivables	$	52,855	$	58,830

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


	December 31, 2021		December 31, 2022
Preneed cemetery receivables	$	52,855	$	58,830
Less: unearned finance charges	(4,644)		(4,894)
Preneed cemetery receivables, at amortized cost	$	48,211	$	53,936
Less: allowance for credit losses	(1,704)		(1,985)
Less: balances due on undelivered cemetery preneed contracts	(10,353)		(11,552)
Less: amounts in accounts receivable	(13,004)		(13,727)
Preneed cemetery receivables, net	$	23,150	$	26,672

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the year ended December 31, 2022 (in thousands):


	January 1, 2022		Provision for Credit Losses		Write Offs		December 31, 2022
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,079)	$	(997)	$	793	$	(1,283)

The amortized cost basis of our preneed cemetery receivables by year of origination as of December 31, 2022 is as follows (in thousands):


	2022		2021		2020		2019		2018		Prior		Total
Total preneed cemetery receivables, at amortized cost	$	27,597	$	13,005	$	7,028	$	3,736	$	1,237	$	1,333	$	53,936

The aging of past due preneed cemetery receivables as of December 31, 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	$	864	$	555	$	180	$	2,146	$	3,745	$	38,639	$	42,384
Deferred revenue	285		184		74		1,009		1,552		14,894		16,446
Total contracts	$	1,149	$	739	$	254	$	3,155	$	5,297	$	53,533	$	58,830

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


	31-60 Past Due		61-90 Past Due		91-120 Past Due		>120 Past Due		Total Past Due		Current		Total
Recognized revenue	$	777	$	738	$	210	$	1,919	$	3,644	$	34,214	$	37,858
Deferred revenue	271		159		57		467		954		14,043		14,997
Total contracts	$	1,048	$	897	$	267	$	2,386	$	4,598	$	48,257	$	52,855

Trust Investments

12 Months Ended

Dec. 31, 2022

Preneed Trust Investments [Abstract]

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 10 to the Consolidated Financial Statements for additional information related to our 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		December 31, 2022
Preneed cemetery trust investments, at market value	$	103,808	$	98,269
Less: allowance for contract cancellation	(2,905)		(3,204)
Preneed cemetery trust investments	$	100,903	$	95,065

The cost and market values associated with preneed cemetery trust investments at December 31, 2022 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	10,434	$	—	$	—	$	10,434
Fixed income securities:

U.S. agency obligations	2	803		—		(72)		731
Foreign debt	2	12,241		910		(644)		12,507
Corporate debt	2	15,066		104		(4,139)		11,031
Preferred stock	2	12,560		436		(1,789)		11,207
Certificates of deposit	2	79		—		(8)		71

Common stock	1	42,929		5,102		(6,228)		41,803
Mutual funds:
Equity	1	362		—		(33)		329
Fixed income	2	12,324		10		(3,310)		9,024
Trust securities		$	106,798	$	6,562	$	(16,223)	$	97,137
Accrued investment income		$	1,132					$	1,132
Preneed cemetery trust investments								$	98,269
Market value as a percentage of cost								91.0%

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


Due in one year or less	$	1,176
Due in one to five years	8,655
Due in five to ten years	6,292
Thereafter	19,424
Total fixed income securities	$	35,547

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 summarizes our fixed income securities (excluding mutual funds) within our preneed cemetery trust investments in an unrealized loss position at December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 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	$	732	$	(72)	$	—	$	—	$	732	$	(72)
Foreign debt	5,394		(308)		744		(336)		6,138		(644)
Corporate debt	8,037		(3,922)		563		(217)		8,600		(4,139)
Preferred stock	7,146		(1,271)		2,517		(518)		9,663		(1,789)
Certificates of deposit	71		(8)		—		—		71		(8)






Total fixed income securities with an unrealized loss	$	21,380	$	(5,581)	$	3,824	$	(1,071)	$	25,204	$	(6,652)

The following table summarizes 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):


	Years ended December 31,
	2020		2021		2022
Investment income	$	2,175	$	2,147	$	2,219
Realized gains	8,922		18,321		10,619
Realized losses	(5,090)		(6,626)		(2,548)
Unrealized gains (losses), net	5,515		6,047		(9,661)
Expenses and taxes	(1,354)		(1,715)		(1,748)
Net change in deferred preneed cemetery receipts held in trust	(10,168)		(18,174)		1,119
	$	—	$	—	$	—

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


	Years ended December 31,
	2020		2021		2022
Purchases	$	(48,824)	$	(41,414)	$	(8,336)
Sales	41,178		43,265		8,248

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		December 31, 2022
Preneed funeral trust investments, at market value	$	116,973	$	107,995
Less: allowance for contract cancellation	(3,315)		(3,442)
Preneed funeral trust investments	$	113,658	$	104,553

The cost and market values associated with preneed funeral trust investments at December 31, 2022 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	29,641	$	—	$	—	$	29,641
Fixed income securities:

U. S. treasury debt	1	484		—		(45)		439
Foreign debt	2	10,851		818		(555)		11,114
Corporate debt	2	12,735		89		(3,443)		9,381
Preferred stock	2	10,730		391		(1,564)		9,557

Common stock	1	36,478		4,485		(5,187)		35,776
Mutual funds:
Equity	1	326		—		(30)		296
Fixed income	2	9,907		9		(2,691)		7,225
Other investments	2	3,592		—		—		3,592
Trust securities		$	114,744	$	5,792	$	(13,515)	$	107,021
Accrued investment income		$	974					$	974
Preneed funeral trust investments								$	107,995
Market value as a percentage of cost								93.3%

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


Due in one year or less	$	1,057
Due in one to five years	7,203
Due in five to ten years	5,428
Thereafter	16,803
Total fixed income securities	$	30,491

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 summarizes our fixed income securities (excluding mutual funds) within our preneed funeral trust investment in an unrealized loss position at December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 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	$	439	$	(45)	$	—	$	—	$	439	$	(45)

Foreign debt	4,766		(274)		626		(281)		5,392		(555)
Corporate debt	6,742		(3,248)		506		(195)		7,248		(3,443)
Preferred stock	5,908		(1,099)		2,261		(465)		8,169		(1,564)






Total fixed income securities with an unrealized loss	$	17,855	$	(4,666)	$	3,393	$	(941)	$	21,248	$	(5,607)

The following table summarizes 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 our Consolidated Statements of Operations are as follows (in thousands):


	Years ended December 31,
	2020		2021		2022
Investment income	$	1,907	$	1,747	$	1,700
Realized gains	9,441		17,091		9,446
Realized losses	(4,677)		(6,155)		(2,301)
Unrealized gains (losses), net	5,555		5,665		(7,723)
Expenses and taxes	(878)		(1,221)		958
Net change in deferred preneed funeral receipts held in trust	(11,348)		(17,127)		(2,080)
	$	—	$	—	$	—

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


	Years ended December 31,
	2020		2021		2022
Purchases	$	(47,315)	$	(38,175)	$	(6,239)
Sales	43,270		40,658		7,419

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		December 31, 2022
Cemetery perpetual care trust investments, at market value	$	72,400	$	66,307
Obligations due from trust	(1,244)		(812)
Care trusts’ corpus	$	71,156	$	65,495

The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at December 31, 2022 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	5,326	$	—	$	—	$	5,326
Fixed income securities:
Foreign debt	2	8,746		600		(470)		8,876
Corporate debt	2	10,540		118		(2,961)		7,697
Preferred stock	2	9,831		287		(1,374)		8,744

Common stock	1	28,625		3,443		(4,297)		27,771
Mutual funds:
Equity	1	345		2		(22)		325
Fixed income	2	9,046		26		(2,310)		6,762
Trust securities		$	72,459	$	4,476	$	(11,434)	$	65,501
Accrued investment income		$	806					$	806
Cemetery perpetual care investments								$	66,307
Market value as a percentage of cost								90.4%

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


Due in one year or less	$	776
Due in one to five years	5,361
Due in five to ten years	4,332
Thereafter	14,848
Total fixed income securities	$	25,317

The following table reflects the cost and market values associated with the trust investments held in 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 summarizes our fixed income securities (excluding mutual funds) within our perpetual care trust investment in an unrealized loss position at December 31, 2022, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 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	$	4,123	$	(218)	$	554	$	(252)	$	4,677	$	(470)
Corporate debt	5,413		(2,818)		371		(143)		5,784		(2,961)
Preferred stock	6,066		(1,032)		1,659		(342)		7,725		(1,374)





Total fixed income securities with an unrealized loss	$	15,602	$	(4,068)	$	2,584	$	(737)	$	18,186	$	(4,805)

The following table summarizes our fixed income securities 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)

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


	Years ended December 31,
	2020		2021		2022
Realized gains	$	2,602	$	2,474	$	1,454
Realized losses	(1,695)		(950)		(309)
Unrealized gains (losses), net	4,355		4,421		(6,958)
Net change in care trusts’ corpus	(5,262)		(5,945)		5,813
Total	$	—	$	—	$	—

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


	Years ended December 31,
	2020		2021		2022
Investment income	$	8,461	$	10,443	$	11,425
Realized losses	(387)		(118)		(2,427)
Total	$	8,074	$	10,325	$	8,998

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


	Years ended December 31,
	2020		2021		2022
Purchases	$	(38,168)	$	(28,317)	$	(4,872)
Sales	34,316		29,829		5,444

Receivables from Preneed Funeral Trusts

12 Months Ended

Dec. 31, 2022

Receivables From Preneed Trusts [Abstract]

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		December 31, 2022
Preneed funeral trust funds, at cost	$	19,597	$	20,594
Less: allowance for contract cancellation	(588)		(618)
Receivables from preneed funeral trusts, net	$	19,009	$	19,976

The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations related to the underlying preneed funeral contracts at December 31, 2021 and 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 trust funds at December 31, 2022 is as follows (in thousands):


	Historical Cost Basis		Fair Value
As of December 31, 2022
Cash and cash equivalents	$	6,071	$	6,071
Fixed income investments	11,795		11,795
Mutual funds and common stocks	2,725		2,440
Annuities	3		3
Total	$	20,594	$	20,309

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


	Historical Cost Basis		Fair Value
As of December 31, 2021
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

Contracts Funded by Insurance	12 Months Ended
Contracts Funded by Insurance	Dec. 31, 2022
Contracts Secured by Insurance [Abstract]
CONTRACTS FUNDED BY INSURANCE	CONTRACTS FUNDED BY INSURANCE When preneed funeral contracts are funded through third-party insurance policies, we earn a commission on the sale of the policies. Insurance commissions are subject to refund (charge-back) if the preneed policy is cancelled within a year or if there is an imminent death of beneficiary before the first year anniversary of the policy. We record these insurance commissions as Other revenue when the commission is no longer subject to refund, which is typically one year after the policy is issued. All selling costs incurred pursuant to the sale of the insurance funded preneed contracts are expensed as incurred. Generally, at the time of the sale of either the preneed insurance or preneed trust contract, the intent is that the beneficiary has made a commitment to assign the proceeds to us for the fulfillment of the service and merchandise obligations on the preneed contract at the time of need. However, this commitment is generally revocable and the proceeds from the policy are portable, so the customer can choose to use an alternative provider at the time of need. Preneed funeral contracts to be funded at maturity by third-party insurance policies totaled $403.3 million and $419.5 million at December 31, 2021 and 2022, respectively, and are not recorded as assets or liabilities on our Consolidated Balance Sheet.

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS 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 12) and Senior Notes (as defined in Note 14) are classified within Level 2 of the Fair Value Measurements hierarchy. At December 31, 2022, the carrying value and fair value of our Credit Facility was $190.7 million. We believe that our Credit Facility bears interest at a rate that approximates prevailing market rates for instruments with similar characteristics and therefore, the carrying value of our Credit Facility approximates fair value. We estimate the fair value of our acquisition debt utilizing an income approach, which uses a present value calculation to discount payments based on current market rates as of the reporting date. At December 31, 2022, the carrying value of our acquisition debt was $4.0 million, which approximated its fair value. The fair value of our Senior Notes was $322.3 million at December 31, 2022 based on the last traded or broker quoted price. 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. The following three-level valuation hierarchy based upon the transparency of inputs is utilized in the measurement and valuation of financial assets or liabilities as of the measurement date: •Level 1—Fair value of securities based on unadjusted quoted prices for identical assets or liabilities in active markets. Our investments classified as Level 1 securities include cash, U.S. treasury debt, common stock and equity mutual funds; •Level 2—Fair value of securities estimated based on quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted market prices that are observable or that can be corroborated by observable market data by correlation. These inputs include interest rates, yield curves, credit risk, prepayment speeds, rating and tax-exempt status. Our investments classified as Level 2 securities include U.S. agency obligations, foreign debt, corporate debt, preferred stocks, certificates of deposit and fixed income mutual funds and other investments. •Level 3—Unobservable inputs based upon the reporting entity’s internally developed assumptions, which market participants would use in pricing the asset or liability. As of December 31, 2021 and 2022, we did not have any assets that had fair values determined by Level 3 inputs and no liabilities measured at fair value. See Notes 7 and 8 to our Consolidated Financial Statements 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

12 Months Ended

Dec. 31, 2022

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

INTANGIBLE AND OTHER NON-CURRENT ASSETS

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


	December 31, 2021		December 31, 2022
Tradenames	$	23,565	$	25,610
Capitalized commissions on preneed contracts, net of accumulated amortization of $2,278 and $2,990, respectively	3,560		4,048
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,515, respectively	2,247		1,877
Internal-use software, net of accumulated amortization of $200	—		1,271
Other	6		124
Intangible and other non-current assets, net	$	29,378	$	32,930

Tradenames

During the year ended December 31, 2022, we increased the value of our tradenames by $2.0 million related to our 2022 acquisitions described in Note 3 to the Consolidated Financial Statements.

See Notes 1 and 3 to the Consolidated Financial Statements for a discussion of the methodology used for our indefinite lived intangible asset impairment test and discussion of our acquisitions, respectively.

Capitalized Commissions

Amortization expense was $580,000, $640,000 and $712,000 for the years ended December 31, 2020, 2021 and 2022, respectively.

Prepaid Agreements

Prepaid agreements not-to-compete are amortized over the term of the respective agreements, generally ranging from one to ten years. Amortization expense was $719,000, $645,000 and $574,000 for the years ended December 31, 2020, 2021 and 2022, respectively.

Internal-use Software

Internal-use software is typically amortized on a straight-line basis over five years. Amortization expense was $200,000 for the year ended December 31, 2022.

The aggregate amortization expense for our capitalized commissions, prepaid agreements and internal-use software as of December 31, 2022 is as follows (in thousands):


	Capitalized Commissions		Prepaid Agreements		Internal-use Software
Years ending December 31,
2023	$	742	$	536	$	314
2024	681		391		283
2025	616		382		226
2026	549		267		221
2027	484		147		220
Thereafter	976		154		7
Total amortization expense	$	4,048	$	1,877	$	1,271

Credit Facility and Acquisition Debt

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

CREDIT FACILITY AND ACQUISITION DEBT

At December 31, 2022, our senior secured revolving credit facility (as previously amended, including the Second Credit Facility Amendment and Third Credit Facility Amendment, the “Credit Facility”) was comprised of: (i) a $250.0 million senior secured 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 aggregate in the form of increased revolving commitments or incremental term loans.

On May 27, 2022, we entered into a second amendment and commitment increase (the “Second Credit Facility Amendment”) to our Credit Facility with the financial institutions party thereto, as lenders, and Bank of America, N.A., as administrative agent. The Second Credit Facility Amendment provided, among other things, for (i) an increase to the Revolving Credit Commitments (as defined in 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; (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 Second Credit Facility Amendment, which were capitalized and will be amortized over the remaining term of the related debt using the straight-line method.

On December 9, 2022, we entered into a third amendment (the “Third Credit Facility Amendment”), to our Credit Facility with the financial institutions party thereto, as lenders, and Bank of America, N.A., as administrative agent. The Third Credit Facility Amendment provides, among other things, for (i) 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; (ii) an increase in the maximum Total Leverage Ratio (as defined in the Credit Facility) covenant as follows: a Total Leverage Ratio not to exceed (a) 6.00 to 1.00 from the effective date of the Third Credit Facility Amendment through the quarter ended June 30, 2023, (b) 5.75 to 1.00 for the quarters ended September 30, 2023, and December 31, 2023, (c) 5.50 to 1.00 for the quarters ended March 31, 2024 and June 30, 2024, (d) 5.25 to 1.00 for the quarter ended September 30, 2024, and (e) 5.00 and 1.00 for the quarter ended December 31, 2024 and each quarter ended thereafter; (iii) modifications to the permitted investments covenant, relating to the Company’s ability to make certain acquisitions, subject to the satisfaction of certain conditions therein; (iv) modifications to the restricted payments covenant related to the Company’s ability to make stock repurchases, subject to the satisfaction of certain conditions therein; and (v) a modification to the Total Leverage Ratio level which constitutes a Real Property Collateral Trigger Event (as defined in the Credit Facility). The final maturity of the Credit Facility will occur on May 13, 2026.

Prior to the execution of the Third Credit Facility Amendment, we recognized a loss on the write-off of $0.2 million in unamortized debt issuance costs, which was recorded in Loss on extinguishment of debt. We also incurred $0.6 million in transactions costs related to the execution of the Third Credit Facility Amendment, which were capitalized and will be amortized over the remaining term of the related debt using the straight-line method.

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 14) and certain of our subsequently acquired or organized domestic subsidiaries (collectively, the “Subsidiary Guarantors”).

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 December 31, 2022, we were subject to the following financial covenants under our Credit Facility: (A) a Total Leverage Ratio not to exceed 6.00 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 at December 31, 2022.

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


	December 31, 2021		December 31, 2022
Credit Facility	$	155,400	$	190,700
Debt issuance costs, net of accumulated amortization of $1,324 and $1,926, respectively	(1,543)		(1,864)
Total Credit Facility	$	153,857	$	188,836

Acquisition debt	$	4,500	$	3,993
Less: current portion	(521)		(555)
Total acquisition debt, net of current portion	$	3,979	$	3,438

At December 31, 2022, we had outstanding borrowings under the Credit Facility of $190.7 million. We also had one letter of credit for $2.3 million under the Credit Facility. The letter of credit will expire on November 27, 2023 and is expected to automatically renew annually and secures our obligations under our various self-insured policies. At December 31, 2022, we had $57.0 million of availability under the Credit Facility.

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 December 31, 2022, the prime rate margin was equivalent to 2.375% and the BSBY rate margin was 3.375%. The weighted average interest rate on our Credit Facility was 3.8% and 4.0% for the years ended December 31, 2021 and 2022, respectively.

We have no material assets or operations independent of the Subsidiary Guarantors, as all of our assets and operations are held and conducted by the Subsidiary Guarantors. Additionally, we do not currently have any significant restrictions on our ability to receive dividends or loans from any Subsidiary Guarantors.

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


	Years ended December 31,
	2020		2021		2022
Credit Facility interest expense	$	3,738	$	1,820	$	7,105
Credit Facility amortization of debt issuance costs	482		380		412

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 typically range from five to twenty years.

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


	Years ended December 31,
	2020		2021		2022
Acquisition debt imputed interest expense	$	489	$	364	$	311

The aggregate maturities of our Credit Facility and acquisition debt for the next five years subsequent to December 31, 2022 and thereafter, excluding debt issuance costs, are as follows (in thousands):


	Credit Facility		Acquisition Debt
Years ending December 31,
2023	$	—	$	825
2024	—		772
2025	—		772
2026	190,700		325
2027	—		325
Thereafter	—		2,681
Total Credit Facility and acquisition debt	$	190,700	$	5,700
Less: Interest	—		(1,707)
Present value of Credit Facility and acquisition debt	$	190,700	$	3,993

Convertible Subordinated Notes

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

CONVERTIBLE SUBORDINATED NOTES

During the year ended December 31, 2021, we converted $2.4 million in aggregate principal amount of our 2.75% convertible subordinated notes due 2021 (the “Convertible Notes”) held by certain holders for $3.8 million in cash and recorded $1.4 million for the reacquisition of the equity component. The Convertible Notes matured on March 15, 2021, at which time all Convertible Notes outstanding, $0.2 million in aggregate principal amount, were paid in full in cash at par value. Therefore, no Convertible Notes remain outstanding at December 31, 2021 and 2022.

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


	Years ended December 31,
	2020		2021		2022
Convertible Notes interest expense	$	149	$	18	$	—
Convertible Notes accretion of debt discount	216		20		—
Convertible Notes amortization of debt issuance costs	20		1		—

The effective interest rate on the unamortized debt discount and debt issuance costs for the year ended December 31, 2021 was 3.1%

Senior Notes (Notes)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

SENIOR NOTES

At December 31, 2022, we had $400.0 million in aggregate principal amount of 4.25% Senior Notes due 2029 (the “Senior Notes”) and related guarantees by the Subsidiary Guarantors, which were issued in a private offering under Rule 144A and Regulation S of the Securities Act.

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 (“Collateral 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 debt discount and the debt issuance costs are being amortized using the effective interest method over the remaining term of 77 months of the Senior Notes. The effective interest rate on the unamortized debt discount and the unamortized debt issuance costs for the Senior Notes for both the years ended December 31, 2021 and 2022 was 4.42% and 4.30%, respectively.

The carrying value of our Senior Notes is reflected on our Consolidated Balance Sheet as follows (in thousands):


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

Debt discount, net of accumulated amortization of $301 and $794, respectively	(4,199)		(3,706)
Debt issuance costs, net of accumulated amortization of $86 and $226, respectively	(1,191)		(1,051)
Carrying value of the Senior Notes	$	394,610	$	395,243

The fair value of the Senior Notes, which are Level 2 measurements, was $322.3 million at December 31, 2022.

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


	Years ended December 31,
	2020		2021		2022
Senior Notes interest expense	$	26,500	$	21,767	$	16,980
Senior Notes amortization of debt discount	528		504		493
Senior Notes amortization of debt premium	221		85		—
Senior Notes amortization of debt issuance costs	280		195		140

The aggregate maturities of our Senior Notes for the next five years subsequent to December 31, 2022 and thereafter are as follows (in thousands):


	Principal Maturity		Discount Amortization		Carrying Value
Years ending December 31,
2023	$	—	$	(515)	$	(515)
2024	—		(539)		(539)
2025	—		(563)		(563)
2026	—		(588)		(588)
2027	—		(615)		(615)
Thereafter	400,000		(886)		399,114
Total	$	400,000	$	(3,706)	$	396,294

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
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-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

LEASES

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


		Years Ended December 31,
	Income Statement Classification	2020		2021		2022
Operating lease cost	Facilities and grounds expense(1)	$	3,795	$	3,762	$	3,375
Short-term lease cost	Facilities and grounds expense(1)	185		193		329
Variable lease cost	Facilities and grounds expense(1)	39		160		324

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	439	$	438	$	438
Interest on lease liabilities	Interest expense	496		471		442
Total finance lease cost		935		909		880
Total lease cost		$	4,954	$	5,024	$	4,908



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

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


	Years Ended December 31,
	2020		2021		2022
Cash paid for operating leases included in operating activities	$	3,383	$	3,822	$	3,671
Cash paid for finance leases included in financing activities	828		835		868

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


	Years Ended December 31,
	2021		2022
Right-of-use assets obtained in exchange for new operating lease liabilities	$	(1,313)	$	674
Right-of-use assets obtained in exchange for new finance lease liabilities	—		—

During the year ended December 31, 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		December 31, 2022
Operating lease right-of-use assets	Operating lease right-of-use assets	$	17,881	$	17,060

Finance lease right-of-use assets	Property, plant and equipment, net	6,770		6,770
Accumulated depreciation	Property, plant and equipment, net	(2,443)		(2,881)
Finance lease right-of-use assets, net		$	4,327	$	3,889

Operating lease current liabilities	Current portion of operating lease obligations	$	1,913	$	2,203
Finance lease current liabilities	Current portion of finance lease obligations	375		414
Total current lease liabilities		$	2,288	$	2,617

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	18,520	$	17,315
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,157		4,743
Total non-current lease liabilities		$	23,677	$	22,058

Total lease liabilities		$	25,965	$	24,675

The average lease terms and discount rates at December 31, 2022 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	8.8	8.1	%
Finance leases	11.4	8.2	%

The aggregate future lease payments for non-cancelable operating and finance leases at December 31, 2022 are as follows (in thousands):


	Operating		Finance
Lease payments due:
2023	$	3,687	$	870
2024	3,660		791
2025	3,379		736
2026	3,274		746
2027	3,201		746
Thereafter	9,916		4,063
Total lease payments	$	27,117	$	7,952
Less: Interest	(7,599)		(2,795)
Present value of lease liabilities	$	19,518	$	5,157

At December 31, 2022, we had no significant operating or finance leases that had not yet commenced

LEASES

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


		Years Ended December 31,
	Income Statement Classification	2020		2021		2022
Operating lease cost	Facilities and grounds expense(1)	$	3,795	$	3,762	$	3,375
Short-term lease cost	Facilities and grounds expense(1)	185		193		329
Variable lease cost	Facilities and grounds expense(1)	39		160		324

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	439	$	438	$	438
Interest on lease liabilities	Interest expense	496		471		442
Total finance lease cost		935		909		880
Total lease cost		$	4,954	$	5,024	$	4,908



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

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


	Years Ended December 31,
	2020		2021		2022
Cash paid for operating leases included in operating activities	$	3,383	$	3,822	$	3,671
Cash paid for finance leases included in financing activities	828		835		868

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


	Years Ended December 31,
	2021		2022
Right-of-use assets obtained in exchange for new operating lease liabilities	$	(1,313)	$	674
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		December 31, 2022
Operating lease right-of-use assets	Operating lease right-of-use assets	$	17,881	$	17,060

Finance lease right-of-use assets	Property, plant and equipment, net	6,770		6,770
Accumulated depreciation	Property, plant and equipment, net	(2,443)		(2,881)
Finance lease right-of-use assets, net		$	4,327	$	3,889

Operating lease current liabilities	Current portion of operating lease obligations	$	1,913	$	2,203
Finance lease current liabilities	Current portion of finance lease obligations	375		414
Total current lease liabilities		$	2,288	$	2,617

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	18,520	$	17,315
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,157		4,743
Total non-current lease liabilities		$	23,677	$	22,058

Total lease liabilities		$	25,965	$	24,675

The average lease terms and discount rates at December 31, 2022 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	8.8	8.1	%
Finance leases	11.4	8.2	%

The aggregate future lease payments for non-cancelable operating and finance leases at December 31, 2022 are as follows (in thousands):


	Operating		Finance
Lease payments due:
2023	$	3,687	$	870
2024	3,660		791
2025	3,379		736
2026	3,274		746
2027	3,201		746
Thereafter	9,916		4,063
Total lease payments	$	27,117	$	7,952
Less: Interest	(7,599)		(2,795)
Present value of lease liabilities	$	19,518	$	5,157

At December 31, 2022, we had no significant operating or finance leases that had not yet commenced.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Non-Compete, Consulting and Employment Agreements

We have various non-compete agreements with former owners and employees. These agreements are generally for one to ten years and provide for periodic future payments over the term of the agreements.

We have various consulting agreements with former owners of businesses we have acquired. Payments for such agreements are generally not made in advance. These agreements are generally for one to five years and provide for bi-weekly or monthly payments.

We have employment agreements with our executive officers. These agreements are generally for three to five years and provide for participation in various incentive compensation arrangements. These agreements generally renew automatically on

an annual basis after their initial term has expired, with the exception of our Chairman of the Board and Chief Executive Officer, which does not renew after the current term expiring in February 2028.

At December 31, 2022, the maximum estimated future cash commitments under these agreements with remaining commitment terms, and with original terms of more than one year, are as follows (in thousands):


	Non-Compete		Consulting		Employment(a)		Total
Years ending December 31,
2023	$	2,473	$	950	$	4,771	$	8,194
2024	1,842		526		4,660		7,028
2025	1,469		348		3,290		5,107
2026	1,026		235		1,300		2,561
2027	546		75		1,000		1,621
Thereafter	621		95		125		841
Total	$	7,977	$	2,229	$	15,146	$	25,352



(a)			Melvin C. Payne, our Chairman of the Board and Chief Executive Officer, has an employment agreement that does not renew after the initial term.

Defined Contribution Plan

We sponsor a defined contribution plan, a 401K plan, for the benefit of our employees. Matching contributions and plan administrative expenses totaled $2.3 million, $2.5 million and $2.8 million during the years ended December 31, 2020, 2021 and 2022, respectively. We do not offer any post-retirement or post-employment benefits.

Litigation

We are a party to various litigation matters and proceedings. For each of our outstanding legal matters, we evaluate the merits of the case, our exposure to the matter, possible legal or settlement strategies, and the likelihood of an unfavorable outcome. If we determine that an unfavorable outcome is probable and can be reasonably estimated, we establish the necessary accruals. We hold certain insurance policies that may reduce cash outflows with respect to an adverse outcome of certain of these litigation matters.

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

The provision for income taxes consisted of the following (in thousands):


	Years Ended December 31,
	2020		2021		2022
Current:
U. S. federal provision	$	1,778	$	8,848	$	9,490
State provision	2,177		2,989		3,287
Total current provision	$	3,955	$	11,837	$	12,777
Deferred:
U. S. federal provision (benefit)	$	3,994	$	(452)	$	1,723
State provision (benefit)	603		(240)		1,313
Total deferred provision (benefit)	$	4,597	$	(692)	$	3,036
Total income tax provision	$	8,552	$	11,145	$	15,813

A reconciliation of income taxes calculated at the U.S. federal statutory rate to those reflected in the Consolidated Statements of Operations is as follows (dollars in thousands):


	Years Ended December 31,
	2020				2021				2022
	Amount		Percent		Amount		Percent		Amount		Percent
Federal statutory rate	$	5,175	21.0	%	$	9,304	21.0	%	$	12,000	21.0	%
Effect of state income taxes, net of federal benefit	2,080		8.4		2,180		4.9		3,630		6.3
Effect of non-deductible expenses and other, net	460		1.9		(423)		(1.0)		59		0.1
Effect of divestitures and impairment of businesses	846		3.4		103		0.2		138		0.2
Change in valuation allowance, net of federal benefit	(9)		—		(19)		—		(14)		—

Total	$	8,552	34.7	%	$	11,145	25.1	%	$	15,813	27.6	%

We are subject to taxation in the United States and various states. As of December 31, 2022, tax years 2013 to 2020 are subject to examination by taxing authorities.

On May 10, 2017, we filed amended federal returns for the tax years ended December 31, 2013, 2014 and 2015, which generated refunds of $1.9 million. The amended returns are under audit and as a result, the administrative processing of the carryback claims currently under audit requires that the statute for tax years 2013 to 2015 remain open.

In connection with the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) enacted on March 27, 2020 in response to the COVID-19 pandemic, we filed a claim for a refund on June 30, 2020, to carryback the net operating losses (“NOLs”) generated in the tax year ended December 31, 2018. The CARES Act, among other things, permits NOLs incurred in taxable years beginning after December 31, 2017 and before January 1, 2021, to be carried back to each of the five preceding taxable years to generate a refund of previously paid income taxes in which the enacted federal rate was 35%. The refund claim for $7.0 million from the 2018 tax year was received on August 7, 2021. As our refund claim filed for tax year 2018 exceeded $5.0 million, our 2018 federal return is under audit by the Internal Revenue Service (“IRS”), as required in order to receive Joint Committee approval.

An additional carryback claim for a refund was filed on November 3, 2020 for the tax year ended December 31, 2019, for $1.2 million not yet received. On December 4, 2020, we filed an amended federal return for the tax year ended December 31, 2018, in order to take full advantage of the CARES Act legislative changes, which resulted in an additional carryback refund claim of $0.8 million not yet received, which will be processed as part of the Joint Committee review of the 2018 carryback claim.

On October 11, 2021, we received an adverse ruling from the IRS for the accounting method change filed in 2018 for revenue recognition of cemetery property. Upon receiving the adverse ruling on the revenue recognition of cemetery property accounting method change, we filed an automatic method change on Form 3115, to adopt the IRS’ preferred revenue recognition method for cemetery property. The accounting method change application was submitted under the “three-month window” rule, which would grant audit protection for the cumulative effect of the adverse ruling for revenue recognition of cemetery property, at the discretion of the IRS agent conducting the audit. As uncertainty exists involving audit protection of the net operating loss carrybacks under IRS audit, a reserve for the unrecognized tax benefit was recorded for the benefit derived from carrying back losses to tax years with a higher effective tax rates than the current 21% rate.

On March 2, 2022, the IRS indicated the non-automatic method change filed for deferred revenue recognition for cemetery merchandise and services met the requirements to be filed as an automatic method change. As such, on March 31, 2022, we submitted Form 3115 to request the automatic method change and recorded a $0.5 million reduction to the reserve for uncertain tax positions.

The tax effects of temporary differences from total operations that give rise to significant deferred tax assets and liabilities are as follows (in thousands):


	Years Ended December 31,
	2021		2022
Deferred income tax assets:
Net operating loss carryforwards	$	1,268	$	839
Interest expense limitation	2,777		3,506
Tax credit carryforwards	88		75
State depreciation	1,195		1,297
Accrued and other liabilities	7,552		8,606
Amortization of non-compete agreements	1,172		1,213
Prepaid assets	616		—

Total deferred income tax assets	14,668		15,536
Less valuation allowance	(198)		(181)
Total deferred income tax assets	$	14,470	$	15,355
Deferred income tax liabilities:
Depreciation and amortization	$	(56,030)	$	(61,432)
Preneed liabilities	(4,224)		(2,582)

Prepaid assets	—		(161)
Total deferred income tax liabilities	(60,254)		(64,175)
Total net deferred tax liabilities	$	(45,784)	$	(48,820)

Our deferred tax assets and liabilities, along with related valuation allowances, are classified as non-current on our Consolidated Balance Sheet at December 31, 2021 and 2022.

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 recognized an immaterial net decrease in our valuation allowance during 2021 and 2022.

For state reporting purposes, we have $17.3 million of net operating loss carryforwards that will expire between 2023 and 2041, if not utilized. Based on management’s assessment of the various state net operating losses, it was determined that it is more-likely-than not that we will be able to realize tax benefits on some portion of the amount of the state losses. The valuation allowance at December 31, 2022 was attributable to the deferred tax asset related to a portion of the state operating losses.

We analyze tax benefits for uncertain tax positions and how they are to be recognized, measured, and derecognized in financial statements; provide certain disclosures of uncertain tax matters; and specify how reserves for uncertain tax positions should be classified on our Consolidated Balance Sheet. The deferred tax assets recognized for those NOLs are presented net of these unrecognized tax benefits.

At December 31, 2022, the Company’s unrecognized tax benefit reserve for uncertain tax positions primarily relates to the uncertainty of receiving audit protection for revenue recognition of cemetery property for the benefit derived from carrying back losses to tax years with a higher effective tax rate than the current 21.0% rate. Our unrecognized tax benefit reserve for the years ended December 31, 2021 and 2022 was $3.8 million and $3.3 million, respectively.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):


	Years Ended December 31,
	2020		2021		2022
Unrecognized tax benefit at beginning of year	$	691	$	3,656	$	3,761

Gross decreases - tax positions in prior period	(691)		—		(533)
Gross increases - tax positions in current period	3,656		105		66

Unrecognized tax benefit at end of year	$	3,656	$	3,761	$	3,294

At December 31, 2022, we expect that the $3.3 million of unrecognized tax benefit (“UTB”) will be recognized in the next twelve months. We accrued interest of $0.1 million during 2022 and in total, as of December 31, 2022, recognized a liability related to the UTB's noted above for interest of $0.2 million. During 2021, we accrued interest of $0.1 million and in total, as of December 31, 2021, recognized a liability for interest of $0.1 million.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

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-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Share Authorization

We are authorized to issue 80,000,000 shares of common stock, $0.01 per share par value. We had 26,264,245 and 26,359,876 shares issued and 15,331,923 and 14,732,058 shares outstanding, net of 10,932,322 and 11,627,818 shares held in treasury at par, at December 31, 2021 and 2022, respectively.

Stock Based Compensation Plans

During the year ended December 31, 2022, we had two stock benefits plans in effect under which stock, restricted stock, stock options and performance awards have been granted or remain outstanding: the Second Amended and Restated 2006 Long-Term Incentive Plan (as amended, the “Amended and Restated 2006 Plan”) and the 2017 Omnibus Incentive Plan (as amended, the “2017 Plan”). The Amended and Restated 2006 Plan was terminated upon the approval of the 2017 Plan at the annual shareholders meeting on May 17, 2017. The 2017 Plan expires on May 17, 2027. All stock-based plans are administered by the Compensation Committee appointed by our Board of Directors (our “Board”).

At December 31, 2022, we had 2,137,048 shares available to issue under our 2017 Plan. The termination of the Amended and Restated 2006 Plan does not affect the awards previously issued and outstanding.

Restricted Stock

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


	Years Ended December 31,
	2020			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted(1)	10,200	$	255	9,300	$	324	—	$	—
Returned for payroll taxes	10,588	$	250	10,399	$	375	4,136	$	205
Cancelled	—	$	—	966	$	27	1,950	$	63

(1)

Restricted stock granted during the year ended December 31, 2020 and 2021 will vest 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 $25.00 and $34.79, respectively.

A summary of the number of unvested restricted stock awards and their weighted average grant date fair values during the year ended December 31, 2022 is presented in the table below (shares in thousands):


Restricted stock awards	Shares	Weighted Average Grant Date Fair Value
Unvested at January 1	22,643	$	27.21

Vested	(13,111)	$	24.23
Cancelled	(1,950)	$	32.28
Unvested at December 31	7,582	$	31.05

We recorded stock-based compensation expense, which is included in Regional and unallocated funeral and cemetery costs and General, administrative and other expenses, for restricted stock awards of $735,000, $390,000 and $171,000 for the years ended December 31, 2020, 2021 and 2022, respectively.

At December 31, 2022, we had $235,000 of total unrecognized compensation costs related to unvested restricted stock awards, which are expected to be recognized over a weighted average period of 0.8 years.

Stock Options

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


	Years Ended December 31,
	2020			2021			2022
	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)	20,000	$	92	—	$	—	12,600	$	143
Cancelled	146,034	$	846	74,688	$	722	45,590	$	512



(1)			Stock options granted during the year ended December 31, 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 year ended December 31, 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 year ended December 31, 2020 and 2022 had a weighted average price of $18.02 and $31.58, respectively. 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):


	Years Ended December 31,
	2020			2021			2022
	Shares	Cash		Shares	Cash		Shares	Cash
Exercised(1)	40,365	(1)		423,294	(1)		32,196	(1)
Returned for option price(2)	18,640	$	19	211,088	$	1,013	18,797	$	60
Returned for payroll taxes(3)	2,954	$	89	43,534	$	2,272	2,895	$	123



(1)			Stock options exercised during the years ended December 31, 2020, 2021 and 2022 had a weighted average exercise price of $13.72, $21.99 and $25.49, 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.

Stock options are granted with an exercise price equal to the closing price of our common stock on the date of grant. All of the options granted and outstanding under this plan have either a seven or ten-year term. We utilized the Black-Scholes option pricing model and Monte-Carlo simulation pricing model for estimating the fair value of our stock options. These models allow for the use of a range of assumptions related to volatility, risk-free interest rate, expected holding period and dividend yield. The expected volatility utilized in these valuation models is based on the historical volatility of our stock price. The dividend yield and expected holding period are based on historical experience and management's estimate of future events. The risk-free interest rate is derived from the U.S. Treasury yield curve based on the expected life of the option in effect at the time of grant.

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


	Years Ended December 31,
	2020		2021		2022		2022		2022
Grant date	June 25		February 17		February 23		February 23		September 27
Expected holding period (years)	3.7		5.0		7.0		5.0		4.1
Awards granted	20,000		701,400		310,000		58,500		12,600
Dividend yield	1.67	%	1.15	%	0.91	%	0.91	%	1.43	%
Expected volatility	38.54	%	36.72	%	34.35	%	33.18	%	43.68	%
Risk-free interest rate	0.25	%	0.57	%	1.98	%	1.89	%	4.29	%
Black-Scholes value	$4.61		$10.14		$17.38		$16.39		$11.35

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


	Year ended December 31, 2022
Awards granted	150,000



Dividend yield	1.15	%
Expected volatility	34.08	%
Risk-free interest rate	1.29	%

A summary of the number of stock options and their weighted average exercise prices during the year ended December 31, 2022 is presented in the table below (shares in thousands):


	Shares	Wtd. Avg. Ex. Price
Outstanding at January 1	1,265	$	30.94
Granted	381	$	48.89
Exercised	(32)	$	25.49
Forfeited or expired	(46)	$	37.34
Outstanding at December 31	1,568	$	35.23
Exercisable at December 31	592	$	27.60

A summary of the number of stock options and their weighted average grant date fair values during the year ended December 31, 2022 is presented in the table below (shares in thousands):


	Shares	Wtd. Avg. Fair Value
Non-vested at January 1	839	$	9.90
Granted	381	$	17.03
Vested or exercised	(201)	$	8.86
Forfeited	(43)	$	11.43
Non-vested at December 31	976	$	12.83

A summary of the intrinsic value of stock options exercised and the fair value of stock options vested for the three years ended December 31, 2022 is presented in the table below (in thousands):


	Years Ended December 31,
	2020		2021		2022
Intrinsic value of options exercised	$	517	$	8,229	$	580
Fair value of stock options vested	$	735	$	1,413	$	1,784

The following table further describes our outstanding stock options at December 31, 2022:


	Options Outstanding				Options Exercisable
Actual Ranges of Exercise Prices	Number Outstanding at 12/31/22	Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price		Number Exercisable at 12/31/22	Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price
$18.02 - $18.02	13,333	2.48	$	18.02	6,667	2.48	$	18.02
$20.06 - $26.54	435,535	4.19	$	24.85	415,569	4.15	$	24.82
$31.58 - $31.58	12,600	9.75	$	31.58	—	0.00	$	—
$34.79 - $49.88	1,107,000	8.47	$	39.56	169,980	8.14	$	34.79
$18.02 - $49.48	1,568,468	7.24	$	35.23	592,216	5.27	$	27.60

The aggregate intrinsic value of the outstanding and exercisable stock options was $1.3 million and $1.2 million, respectively, at December 31, 2022. We had $9.5 million of unrecognized compensation cost, net of estimated forfeitures, related to unvested stock options expected to be recognized over a weighted average period of 5.0 years at December 31, 2022.

We recorded stock-based compensation expense, which is included in Regional and unallocated funeral and cemetery costs and General, administrative and other expenses, for stock options of $669,000, $2,355,000 and $2,284,000 for the years ended December 31, 2020, 2021 and 2022, respectively.

Performance Awards

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


	Years Ended December 31,
	2020			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted	30,743	$	733	55,302	$	2,116	27,013	$	1,262
Cancelled	33,538	$	631	55,896	$	799	30,743	$	295

In addition to the activity described in the table above, we issued 237,500 performance awards to certain employees, during the year ended December 31, 2020, payable in shares, with a fair value of $2.8 million. On May 19, 2020, we cancelled all performance award agreements previously awarded to all individuals during 2019, as well as the 237,500 performance awards previously granted in 2020. Concurrently with the cancellation of those performance awards, the Compensation Committee of the Board approved 368,921 new performance awards to be issued to certain employees. These new performance awards were treated as a modification of the cancelled awards and resulted in an additional $1.7 million of incremental compensation expense. These awards will vest (if at all) on December 31, 2024, provided that the Company’s common stock reaches the predetermined growth targets for a sustained period beginning on the grant date and ending on December 31, 2024.

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 $2.6 million of incremental compensation expense, expected to be recognized over the remaining term of 24 months.

A summary of the number of performance awards and their weighted average grant date fair values during the year ended December 31, 2022 is presented in the table below (shares in thousands):


Performance Awards	Shares	Weighted Average Grant Date Fair Value
At January 1	435,766	$	21.76
Granted	27,013	$	46.71


Cancelled	(30,743)	$	9.59
At December 31	432,036	$	20.95

The fair value of the performance awards granted during the year ended December 31, 2022 was calculated on the date of grant using the Monte-Carlo simulation pricing model with the following assumptions:


Grant date	February 23, 2022		April 1, 2022
Simulation period (years)	2.85		2.75
Share price at grant date	$49.48		$52.49
Expected volatility	43.99	%	44.44	%
Risk-free interest rate	1.75	%	2.55	%

The fair value of the performance awards granted during the year ended December 31, 2021 was calculated on the date of grant using the Monte-Carlo simulation pricing model with the following assumptions:


Grant date	April 16, 2021		June 1, 2021		August 12, 2021		September 15, 2021		November 29, 2021
Simulation period (years)	3.71		3.58		3.39		3.29		3.09
Share price at grant date	$35.83		$38.78		$39.48		$45.27		$51.15
Expected volatility	41.17	%	41.79	%	42.85	%	43.44	%	45.50	%
Risk-free interest rate	0.52	%	0.46	%	0.53	%	0.49	%	0.85	%

At December 31, 2022, there was $5.6 million of unrecognized compensation cost related to performance awards expected to be recognized over a weighted average period of 24 months. If all of the predetermined growth targets are met as of December 31, 2024, a total of 995,873 shares of common stock would be awarded to participants under this program.

We recorded stock-based compensation expense, which is included in Regional and unallocated funeral and cemetery costs and General, administrative and other expenses, for performance awards of $894,000, $1,573,000 and $2,524,000 during the years ended December 31, 2020, 2021 and 2022, respectively.

Employee Stock Purchase Plan

We provide all employees the opportunity to purchase common stock through payroll deductions in our ESPP. Purchases are made quarterly; the price being 85% of the lower of the price on the first day of the plan entry date (beginning of the fiscal year) or the actual date of purchase (end of quarter).

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


	Years Ended December 31,
	2020			2021			2022
	Shares	Price		Shares	Price		Shares	Price
ESPP	71,908	$	16.71	61,904	$	26.32	52,053	$	32.38

We recorded stock-based compensation expense, which is included in Regional and unallocated funeral and cemetery costs and General, administrative and other expenses, for our ESPP of $434,000, $552,000 and $545,000 during the years ended December 31, 2020, 2021 and 2022, respectively.

The fair values of the right to purchase shares under the ESPP are estimated at the date of purchase with the four quarterly purchase dates using the following assumptions:


	Years Ended December 31,
	2020		2021		2022
Dividend yield	1.5	%	0.01	%	0.01	%
Expected volatility	48.6	%	48.1	%	30.2	%
Risk-free interest rate	1.54%, 1.57%, 1.57%, 1.56%		0.09%, 0.09%, 0.10%,0.10%		0.08%, 0.22%, 0.31%, 0.40%
Expected life (years)	0.25, 0.50, 0.75, 1.00		0.25, 0.50, 0.75, 1.00		0.25, 0.50, 0.75, 1.00

Expected volatilities are based on the historical volatility during the previous twelve months of the underlying common stock. The risk-free rate for the quarterly purchase periods is based on the U.S. Treasury yields in effect at the time of purchase. The expected life of the ESPP grants represents the calendar quarters from the beginning of the year to the purchase date (end of each quarter).

Good To Great Incentive Program

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


Years Ended December 31,
2020			2021			2022
Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
17,991	$	449	—	$	—	27,448	$	1,358

(1)

Common stock granted during the year ended December 31, 2020 and 2022 had a grant date stock price of $25.00 and $49.48, respectively.

Non-Employee Director and Board Advisor Compensation

Our Director Compensation Policy provides that each independent director is entitled to a quarterly retainer of $35,000 payable in cash and/or unrestricted shares of our common stock at the end of each quarter. The Lead Director and chairman of our Audit Committee are entitled to an additional annual retainer of $10,000, payable in quarterly installments of $2,500 each at the end of each quarter, and the chairman of our Corporate Governance and Compensation Committees are entitled to an additional annual retainer of $5,000, payable in quarterly installments of $1,250 each at the end of each quarter. Any new independent director will receive upon admission to the Board a grant of $25,000 (in addition to the independent director annual retainer prorated at the time the new director is admitted to the Board) which can be taken in cash or unrestricted shares of our common stock. The Board Advisor is entitled to a quarterly retainer of $18,750 payable in cash and/or unrestricted shares of our common stock at the end of each quarter. The number of shares of such common stock will be determined by dividing the cash amount by the closing price of our common stock on the date of grant, which will be the date of admission to the Board.

On May 17, 2022, Bryan D. Leibman resigned from the Board effective on that date. He served as the Company's Lead Independent Director. Effective with Mr. Leibman’s resignation, the Board appointed Donald D. Patteson, Jr. as Lead Independent Director.

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


	Years Ended December 31,
	2020			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Board of Directors(1)	30,883	$	654	14,744	$	622	11,155	$	415
Advisor to the Board(1)	967	$	20	466	$	20	555	$	20

(1)

Common stock granted during the years ended December 31, 2020, 2021 and 2022 had a weighted average price of $21.16, $42.14 and $37.14, respectively.

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 $889,000, $858,000 and $718,000 during the years ended December 31, 2020, 2021 and 2022, respectively.

Cash Dividends

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
December 1st	$	0.1125	$	1,655

2021	Per Share		Dollar Value
March 1st	$	0.1000	$	1,799
June 1st	$	0.1000	$	1,808
September 1st	$	0.1000	$	1,783
December 1st	$	0.1125	$	1,873

Share Repurchase Program

12 Months Ended

Dec. 31, 2022

Class of Stock Disclosures [Abstract]

Share Repurchase Program

SHARE REPURCHASE PROGRAM

Subject to market conditions, normal trading restrictions and satisfying certain financial covenants in our Credit Facility, and in the Indenture governing our Senior Notes, we may make purchases in the open market or through privately negotiated transactions under our Board authorized share repurchase program, in accordance with Rule 10b-18 of the Securities Exchange Act, as amended (the “Exchange Act”).

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 Exchange Act, which totaled up to $265.0 million in share repurchase authorizations.

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


	Years Ended December 31,
	2020		2021		2022
Number of Shares Repurchased(1)	—		2,906,983		695,496
Average Price Paid Per Share	$	—	$	49.01	$	49.22
Dollar Value of Shares Repurchased(1)	$	—	$	142,469	$	34,234

(1)

These amounts may differ from the repurchases of common stock amounts in the consolidated statements of cash flows due to unsettled share repurchases at the end of a period. In December 2021, we repurchased 37,408 shares for $2.4 million, the settlement of which occurred in January 2022.

Our shares were 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 stock. At December 31, 2022, our share repurchase program had $48.9 million authorized for additional repurchases.

Earnings Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

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

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


	Years Ended December 31,
	2020		2021		2022
Numerator for basic and diluted earnings per share:
Net income	$	16,090	$	33,159	$	41,381
Less: Earnings allocated to unvested restricted stock	(46)		(53)		(26)
Income attributable to common stockholders	$	16,044	$	33,106	$	41,355

Denominator:
Denominator for basic earnings per common share - weighted average shares outstanding	17,872		17,409		14,857
Effect of dilutive securities:
Stock options	196		475		183
Convertible Notes	9		—		—
Performance awards	—		382		670
Denominator for diluted earnings per common share - weighted average shares outstanding	18,077		18,266		15,710

Basic earnings per common share	$	0.90	$	1.90	$	2.78
Diluted earnings per common share	$	0.89	$	1.81	$	2.63

For the year ended December 31, 2022, there were 311,143 stock options excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect. For the years ended December 31, 2020 and 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 December 31, 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.

The fully diluted weighted average shares outstanding for the year ended December 31, 2020 and the corresponding calculation of fully diluted earnings per share, included approximately 9,000 shares that would have been issued upon the conversion of our Convertible Notes as a result of the application of the if-converted method prescribed by the FASB ASC 260. At December 31, 2021 and 2022, we had no Convertible Notes outstanding.

Segment Reporting

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

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


Year Ended, December 31, 2022
	Funeral		Cemetery		Total
Services	$	163,904	$	17,367	$	181,271
Merchandise	89,052		14,307		103,359
Cemetery property	—		58,611		58,611
Other revenue	13,947		12,986		26,933
Total	$	266,903	$	103,271	$	370,174


Year Ended, December 31, 2021
	Funeral		Cemetery		Total
Services	$	164,082	$	16,490	$	180,572
Merchandise	92,023		13,741		105,764
Cemetery property	—		61,957		61,957
Other revenue	13,982		13,611		27,593
Total	$	270,087	$	105,799	$	375,886


Year Ended, December 31, 2020
	Funeral		Cemetery		Total
Services	$	150,283	$	14,701	$	164,984
Merchandise	84,787		10,778		95,565
Cemetery property	—		44,065		44,065
Other revenue	14,068		10,766		24,834
Total	$	249,138	$	80,310	$	329,448

The following table presents operating income (loss), income (loss) before income taxes, depreciation and amortization, interest expense, income tax expense (benefit), total assets, long-lived assets, goodwill, capital expenditures and number of operating locations by segment (in thousands, except number of operating locations):


	Funeral		Cemetery		Corporate		Consolidated




Operating income (loss):
2022	$	82,080	$	35,095	$	(37,449)	$	79,726
2021	88,591		40,353		(35,284)		93,660
2020	57,622		26,859		(27,254)		57,227
Income (loss) before income taxes:
2022	$	85,196	$	35,126	$	(63,128)	$	57,194
2021	88,015		40,473		(84,184)		44,304
2020	56,875		27,087		(59,320)		24,642
Depreciation and amortization:
2022	$	11,591	$	7,584	$	624	$	19,799
2021	11,062		8,217		1,241		20,520
2020	11,586		6,376		1,427		19,389
Interest expense:
2022	$	753	$	—	$	25,142	$	25,895
2021	835		—		24,610		25,445
2020	1,004		13		31,498		32,515
Income tax expense (benefit):
2022	$	23,555	$	9,712	$	(17,454)	$	15,813
2021	22,141		10,181		(21,177)		11,145
2020	19,738		9,401		(20,587)		8,552
Total assets:
2022	$	779,500	$	396,389	$	17,061	$	1,192,950
2021	769,539		390,344		18,748		1,178,631
2020	764,535		366,964		14,326		1,145,825
Long-lived assets:
2022	$	630,599	$	190,226	$	4,518	$	825,343
2021	611,181		176,398		3,839		791,418
2020	619,588		172,122		995		792,705
Goodwill:
2022	$	355,654	$	54,483	$	—	$	410,137
2021	344,823		47,149		—		391,972
2020	345,829		47,149		—		392,978
Capital expenditures:
2022	$	14,917	$	10,566	$	598	$	26,081
2021	11,511		9,704		3,668		24,883
2020	6,997		7,025		1,176		15,198
Number of operating locations at year end:
2022	171		32		—		203
2021	170		31		—		201
2020	178		32		—		210

- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Supplementary Data

12 Months Ended

Dec. 31, 2022

Supplemental Income Statement Elements [Abstract]

SUPPLEMENTARY DATA

Balance Sheet

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


	December 31,
	2021		2022
Prepaids and other current assets:
Prepaid expenses	$	2,215	$	4,077

Federal income tax receivable	4,064		507

Other current assets	125		149
Total prepaid and other current assets	$	6,404	$	4,733

Current portion of debt and lease obligations:
Acquisition debt	$	521	$	555
Finance lease obligations	375		414
Operating lease obligations	1,913		2,203
Total current portion of debt and lease obligations	$	2,809	$	3,172

Accrued and other liabilities:
Incentive compensation	$	19,121	$	12,140
Insurance	4,089		3,051
Unrecognized tax benefit	3,761		3,294
Vacation	3,334		3,430
Natural disaster liability	2,628		—
Interest	2,250		2,329
Salaries and wages	2,193		2,263
Employer payroll tax deferral	1,773		—
Employee meetings and award trips	1,462		746
Income tax payable	485		459
Commissions	684		743
Perpetual care trust payable	389		222
Ad valorem and franchise taxes	450		455

Other accrued liabilities	1,154		1,489
Total accrued and other liabilities	$	43,773	$	30,621

Other long-term liabilities:

Incentive compensation	$	1,291	$	2,541


Other long-term liabilities	128		524
Total other long-term liabilities	$	1,419	$	3,065

Supplemental Disclosure of Cash Flow Information

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Information [Abstract]

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

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


	Years Ended December 31,
	2020		2021		2022
Cash paid for interest and financing costs	$	30,935	$	24,127	$	24,456
Cash paid (refunded) for taxes	(4,457)		16,110		9,713
Unsettled share repurchases	—		2,429		—
Fair value of donated real property	—		635		—

Subsequent Events Subsequent Events	12 Months Ended
Subsequent Events Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn January 31, 2023, we sold one funeral home and two cemeteries in Marshall, Texas for $0.8 million.

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure

CARRIAGE SERVICES, INC.

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


Description	Balance at beginning of year		Charged to costs and expenses		Deduction		Balance at end of year






Year ended December 31, 2020:
Allowance for credit losses, current portion	$	849	$	1,617	$	1,179	$	1,287
Allowance for credit losses of preneed cemetery receivables, non-current portion	1,290		701		347		1,644
Employee severance accruals	837		596		1,271		162
Valuation allowance of the deferred tax asset	233		—		11		222

Year ended December 31, 2021:
Allowance for credit losses, current portion	$	1,287	$	1,240	$	1,537	$	990
Allowance for credit losses of preneed cemetery receivables, non-current portion	1,644		543		1,108		1,079
Employee severance accruals	162		1,431		952		641
Valuation allowance of the deferred tax asset	222		—		24		198

Year ended December 31, 2022:
Allowance for credit losses, current portion	$	990	$	1,821	$	1,798	$	1,013
Allowance for credit losses of preneed cemetery receivables, non-current portion	1,079		997		793		1,283
Employee severance accruals	641		1,880		1,361		1,160
Valuation allowance of the deferred tax asset	198		—		17		181

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

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Principles of Consolidation

The accompanying Consolidated Financial Statements include the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated.

Use of Estimates

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.

See Note 6 to the Consolidated Financial Statements for additional information related to our funeral and cemetery receivables.

Inventory

Business Combinations

Goodwill

Intangible Assets

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.

Preened and Perpetual Care Trust Funds

Preneed and Perpetual Care Trust Funds

Fair Value Measurements

Capitalized Commissions on Preneed Contracts

Property, Plant and Equipment


			Years
Buildings and improvements			15 to 40
Furniture and fixtures			5 to 10
Machinery and equipment			3 to 15
Automobiles			5 to 7

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


	December 31, 2021		December 31, 2022
Land	$	82,095	$	84,405
Buildings and improvements	240,387		251,778
Furniture, equipment and automobiles	73,377		70,522
Property, plant and equipment, at cost	395,859		406,705
Less: accumulated depreciation	(126,492)		(128,599)
Property, plant and equipment, net	$	269,367	$	278,106

Cemetery Property

Cemetery PropertyWhen 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.

Leases

Equity Plans and Stock-Based Compensation

Revenue Recognition

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

Income Taxes

Computation of Earnings Per Common Share

Subsequent Events

Subsequent EventsWe have evaluated events and transactions during the period subsequent to December 31, 2022 through the date the financial statements were issued for potential recognition or disclosure in the accompanying financial statements covered by this report.

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. Topic 848 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 the provisions of Topic 848 in March 2020.

On May 27, 2022, we amended our Credit Facility (defined in Note 12) 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 12 to the Consolidated Financial Statements 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 expect the adoption will have no impact on our consolidated financial statements.

Credit Losses - Vintage DisclosuresIn 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 Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property, Plant and Equipment

Depreciation of property, plant and equipment (including equipment under finance leases) is computed based on the straight-line method over the following estimated useful lives of the assets:


			Years
Buildings and improvements			15 to 40
Furniture and fixtures			5 to 10
Machinery and equipment			3 to 15
Automobiles			5 to 7

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


	December 31, 2021		December 31, 2022
Land	$	82,095	$	84,405
Buildings and improvements	240,387		251,778
Furniture, equipment and automobiles	73,377		70,522
Property, plant and equipment, at cost	395,859		406,705
Less: accumulated depreciation	(126,492)		(128,599)
Property, plant and equipment, net	$	269,367	$	278,106

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combinations [Abstract]

Summary of purchase price

The following table summarizes the breakdown of the purchase price allocation for the businesses described above (in thousands):


	Purchase Price Allocation
Current assets	$	219
Trust investments	4,146
Property, plant & equipment	8,146
Cemetery property	2,375
Goodwill	19,511
Intangible and other non-current assets	2,145


Trust liabilities	(4,146)
Deferred revenue	(1,146)
Purchase price	$	31,250

The following table summarizes the fair value of the assets acquired for these businesses (in thousands):


Acquisition Date	Type of Business	Market	Assets Acquired (Excluding Goodwill)		Goodwill Recorded		Liabilities and Debt Assumed
August 8, 2022	Two Funeral Homes	Kissimmee, FL	$	4,995	$	2,694	$	(1,439)
October 25, 2022	Three Funeral Homes, One Cemetery and One Cremation Focused Business	Charlotte, NC	$	12,036	$	16,817	$	(3,853)

Goodwill (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill

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


	December 31, 2021		December 31, 2022
Goodwill at the beginning of year	$	392,978	$	391,972
Increase in goodwill related to acquisitions	—		19,511
Decrease in goodwill related to divestitures	(1,006)		(901)
Decrease in goodwill related to assets held for sale	—		(445)
Goodwill at the end of the year	$	391,972	$	410,137

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
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-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Divested Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Operating Results and Gain on Discontinued Operations

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


	Years Ended December 31,
	2020		2021		2022
Revenue	$	2,643	$	1,070	$	656

Operating income	159		6		54
Net loss on divestitures(1)	(6,749)		(62)		(736)
Income tax benefit	2,135		16		193
Net loss from divested operations, after tax	$	(4,455)	$	(40)	$	(488)



(1)			Net loss on divestitures is recorded in Net loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

Receivables (Tables)

12 Months Ended

Dec. 31, 2022

Preneed Cemetery Receivables [Abstract]

Preneed Cemetery Receivables

The following table summarizes the activity in our allowance for credit losses by portfolio segment for the year ended December 31, 2022 (in thousands):


	January 1, 2022		Provision for Credit Losses		Write Offs		Recoveries		December 31, 2022
Trade and financed receivables:
Funeral	$	(365)	$	(1,213)	$	2,060	$	(793)	$	(311)
Cemetery	(625)		(608)		531		—		(702)
Total allowance for credit losses on Trade and financed receivables	$	(990)	$	(1,821)	$	2,591	$	(793)	$	(1,013)

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the year ended December 31, 2022 (in thousands):


	January 1, 2022		Provision for Credit Losses		Write Offs		December 31, 2022
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,079)	$	(997)	$	793	$	(1,283)

Aging of Past Due Financing Receivables

The aging of past due preneed cemetery receivables as of December 31, 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	$	864	$	555	$	180	$	2,146	$	3,745	$	38,639	$	42,384
Deferred revenue	285		184		74		1,009		1,552		14,894		16,446
Total contracts	$	1,149	$	739	$	254	$	3,155	$	5,297	$	53,533	$	58,830

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


	31-60 Past Due		61-90 Past Due		91-120 Past Due		>120 Past Due		Total Past Due		Current		Total
Recognized revenue	$	777	$	738	$	210	$	1,919	$	3,644	$	34,214	$	37,858
Deferred revenue	271		159		57		467		954		14,043		14,997
Total contracts	$	1,048	$	897	$	267	$	2,386	$	4,598	$	48,257	$	52,855

Schedule of Accounts, Notes, Loans and Financing Receivable

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


	December 31, 2022
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	9,518	$	14,429	$	—	$	23,947
Other receivables	643		833		48		1,524
Allowance for credit losses	(311)		(702)		—		(1,013)
Accounts receivable, net	$	9,850	$	14,560	$	48	$	24,458


	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		December 31, 2022
Interment rights	$	40,863	$	45,351
Merchandise and services	7,348		8,585
Unearned finance charges	4,644		4,894
Preneed cemetery receivables	$	52,855	$	58,830

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


	December 31, 2021		December 31, 2022
Preneed cemetery receivables	$	52,855	$	58,830
Less: unearned finance charges	(4,644)		(4,894)
Preneed cemetery receivables, at amortized cost	$	48,211	$	53,936
Less: allowance for credit losses	(1,704)		(1,985)
Less: balances due on undelivered cemetery preneed contracts	(10,353)		(11,552)
Less: amounts in accounts receivable	(13,004)		(13,727)
Preneed cemetery receivables, net	$	23,150	$	26,672

The amortized cost basis of our preneed cemetery receivables by year of origination as of December 31, 2022 is as follows (in thousands):


	2022		2021		2020		2019		2018		Prior		Total
Total preneed cemetery receivables, at amortized cost	$	27,597	$	13,005	$	7,028	$	3,736	$	1,237	$	1,333	$	53,936

Trust Investments (Tables)

12 Months Ended

Dec. 31, 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		December 31, 2022
Preneed cemetery trust investments, at market value	$	103,808	$	98,269
Less: allowance for contract cancellation	(2,905)		(3,204)
Preneed cemetery trust investments	$	100,903	$	95,065

Cost and fair market values associated with preneed cemetery trust investments

The cost and market values associated with preneed cemetery trust investments at December 31, 2022 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	10,434	$	—	$	—	$	10,434
Fixed income securities:

U.S. agency obligations	2	803		—		(72)		731
Foreign debt	2	12,241		910		(644)		12,507
Corporate debt	2	15,066		104		(4,139)		11,031
Preferred stock	2	12,560		436		(1,789)		11,207
Certificates of deposit	2	79		—		(8)		71

Common stock	1	42,929		5,102		(6,228)		41,803
Mutual funds:
Equity	1	362		—		(33)		329
Fixed income	2	12,324		10		(3,310)		9,024
Trust securities		$	106,798	$	6,562	$	(16,223)	$	97,137
Accrued investment income		$	1,132					$	1,132
Preneed cemetery trust investments								$	98,269
Market value as a percentage of cost								91.0%

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%

Estimated maturities of fixed preneed cemetery trust income securities

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


Due in one year or less	$	1,176
Due in one to five years	8,655
Due in five to ten years	6,292
Thereafter	19,424
Total fixed income securities	$	35,547

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


	December 31, 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	$	732	$	(72)	$	—	$	—	$	732	$	(72)
Foreign debt	5,394		(308)		744		(336)		6,138		(644)
Corporate debt	8,037		(3,922)		563		(217)		8,600		(4,139)
Preferred stock	7,146		(1,271)		2,517		(518)		9,663		(1,789)
Certificates of deposit	71		(8)		—		—		71		(8)






Total fixed income securities with an unrealized loss	$	21,380	$	(5,581)	$	3,824	$	(1,071)	$	25,204	$	(6,652)

The following table summarizes 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

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


	Years ended December 31,
	2020		2021		2022
Investment income	$	2,175	$	2,147	$	2,219
Realized gains	8,922		18,321		10,619
Realized losses	(5,090)		(6,626)		(2,548)
Unrealized gains (losses), net	5,515		6,047		(9,661)
Expenses and taxes	(1,354)		(1,715)		(1,748)
Net change in deferred preneed cemetery receipts held in trust	(10,168)		(18,174)		1,119
	$	—	$	—	$	—

Purchases and sales of investments in preneed cemetary trusts

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


	Years ended December 31,
	2020		2021		2022
Purchases	$	(48,824)	$	(41,414)	$	(8,336)
Sales	41,178		43,265		8,248

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		December 31, 2022
Preneed funeral trust investments, at market value	$	116,973	$	107,995
Less: allowance for contract cancellation	(3,315)		(3,442)
Preneed funeral trust investments	$	113,658	$	104,553

Estimated maturities of fixed preneed funeral trust income securities

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


Due in one year or less	$	1,057
Due in one to five years	7,203
Due in five to ten years	5,428
Thereafter	16,803
Total fixed income securities	$	30,491

Cost and fair market values associated with preneed funeral trust investments

The cost and market values associated with preneed funeral trust investments at December 31, 2022 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	29,641	$	—	$	—	$	29,641
Fixed income securities:

U. S. treasury debt	1	484		—		(45)		439
Foreign debt	2	10,851		818		(555)		11,114
Corporate debt	2	12,735		89		(3,443)		9,381
Preferred stock	2	10,730		391		(1,564)		9,557

Common stock	1	36,478		4,485		(5,187)		35,776
Mutual funds:
Equity	1	326		—		(30)		296
Fixed income	2	9,907		9		(2,691)		7,225
Other investments	2	3,592		—		—		3,592
Trust securities		$	114,744	$	5,792	$	(13,515)	$	107,021
Accrued investment income		$	974					$	974
Preneed funeral trust investments								$	107,995
Market value as a percentage of cost								93.3%

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


	December 31, 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	$	439	$	(45)	$	—	$	—	$	439	$	(45)

Foreign debt	4,766		(274)		626		(281)		5,392		(555)
Corporate debt	6,742		(3,248)		506		(195)		7,248		(3,443)
Preferred stock	5,908		(1,099)		2,261		(465)		8,169		(1,564)






Total fixed income securities with an unrealized loss	$	17,855	$	(4,666)	$	3,393	$	(941)	$	21,248	$	(5,607)

The following table summarizes 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)

Purchases and sales of investments in preneed funeral trusts

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


	Years ended December 31,
	2020		2021		2022
Purchases	$	(47,315)	$	(38,175)	$	(6,239)
Sales	43,270		40,658		7,419

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		December 31, 2022
Cemetery perpetual care trust investments, at market value	$	72,400	$	66,307
Obligations due from trust	(1,244)		(812)
Care trusts’ corpus	$	71,156	$	65,495

The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at December 31, 2022 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	5,326	$	—	$	—	$	5,326
Fixed income securities:
Foreign debt	2	8,746		600		(470)		8,876
Corporate debt	2	10,540		118		(2,961)		7,697
Preferred stock	2	9,831		287		(1,374)		8,744

Common stock	1	28,625		3,443		(4,297)		27,771
Mutual funds:
Equity	1	345		2		(22)		325
Fixed income	2	9,046		26		(2,310)		6,762
Trust securities		$	72,459	$	4,476	$	(11,434)	$	65,501
Accrued investment income		$	806					$	806
Cemetery perpetual care investments								$	66,307
Market value as a percentage of cost								90.4%

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


Due in one year or less	$	776
Due in one to five years	5,361
Due in five to ten years	4,332
Thereafter	14,848
Total fixed income securities	$	25,317

The following table reflects the cost and market values associated with the trust investments held in 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%


	December 31, 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	$	4,123	$	(218)	$	554	$	(252)	$	4,677	$	(470)
Corporate debt	5,413		(2,818)		371		(143)		5,784		(2,961)
Preferred stock	6,066		(1,032)		1,659		(342)		7,725		(1,374)





Total fixed income securities with an unrealized loss	$	15,602	$	(4,068)	$	2,584	$	(737)	$	18,186	$	(4,805)


	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)

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


	Years ended December 31,
	2020		2021		2022
Realized gains	$	2,602	$	2,474	$	1,454
Realized losses	(1,695)		(950)		(309)
Unrealized gains (losses), net	4,355		4,421		(6,958)
Net change in care trusts’ corpus	(5,262)		(5,945)		5,813
Total	$	—	$	—	$	—

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


	Years ended December 31,
	2020		2021		2022
Investment income	$	8,461	$	10,443	$	11,425
Realized losses	(387)		(118)		(2,427)
Total	$	8,074	$	10,325	$	8,998

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


	Years ended December 31,
	2020		2021		2022
Purchases	$	(38,168)	$	(28,317)	$	(4,872)
Sales	34,316		29,829		5,444

Preneed funereal trust investment security transactions

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


	Years ended December 31,
	2020		2021		2022
Investment income	$	1,907	$	1,747	$	1,700
Realized gains	9,441		17,091		9,446
Realized losses	(4,677)		(6,155)		(2,301)
Unrealized gains (losses), net	5,555		5,665		(7,723)
Expenses and taxes	(878)		(1,221)		958
Net change in deferred preneed funeral receipts held in trust	(11,348)		(17,127)		(2,080)
	$	—	$	—	$	—

Receivables from Preneed Funeral Trusts (Tables)

12 Months Ended

Dec. 31, 2022

Receivables From Preneed Trusts [Abstract]

Receivables from Preneed Funeral Trust Funds

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


	December 31, 2021		December 31, 2022
Preneed funeral trust funds, at cost	$	19,597	$	20,594
Less: allowance for contract cancellation	(588)		(618)
Receivables from preneed funeral trusts, net	$	19,009	$	19,976

Composition of Assets Held in Trust

Fair value includes unrealized gains and losses on trust assets.

The composition of the preneed trust funds at December 31, 2022 is as follows (in thousands):


	Historical Cost Basis		Fair Value
As of December 31, 2022
Cash and cash equivalents	$	6,071	$	6,071
Fixed income investments	11,795		11,795
Mutual funds and common stocks	2,725		2,440
Annuities	3		3
Total	$	20,594	$	20,309

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


	Historical Cost Basis		Fair Value
As of December 31, 2021
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)

12 Months Ended

Dec. 31, 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		December 31, 2022
Tradenames	$	23,565	$	25,610
Capitalized commissions on preneed contracts, net of accumulated amortization of $2,278 and $2,990, respectively	3,560		4,048
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,515, respectively	2,247		1,877
Internal-use software, net of accumulated amortization of $200	—		1,271
Other	6		124
Intangible and other non-current assets, net	$	29,378	$	32,930

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The aggregate amortization expense for our capitalized commissions, prepaid agreements and internal-use software as of December 31, 2022 is as follows (in thousands):


	Capitalized Commissions		Prepaid Agreements		Internal-use Software
Years ending December 31,
2023	$	742	$	536	$	314
2024	681		391		283
2025	616		382		226
2026	549		267		221
2027	484		147		220
Thereafter	976		154		7
Total amortization expense	$	4,048	$	1,877	$	1,271

Credit Facility and Acquisition Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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


	December 31, 2021		December 31, 2022
Credit Facility	$	155,400	$	190,700
Debt issuance costs, net of accumulated amortization of $1,324 and $1,926, respectively	(1,543)		(1,864)
Total Credit Facility	$	153,857	$	188,836

Acquisition debt	$	4,500	$	3,993
Less: current portion	(521)		(555)
Total acquisition debt, net of current portion	$	3,979	$	3,438

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


	Years ended December 31,
	2020		2021		2022
Credit Facility interest expense	$	3,738	$	1,820	$	7,105
Credit Facility amortization of debt issuance costs	482		380		412

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


	Years ended December 31,
	2020		2021		2022
Acquisition debt imputed interest expense	$	489	$	364	$	311

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


	Years ended December 31,
	2020		2021		2022
Convertible Notes interest expense	$	149	$	18	$	—
Convertible Notes accretion of debt discount	216		20		—
Convertible Notes amortization of debt issuance costs	20		1		—

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


	Years ended December 31,
	2020		2021		2022
Senior Notes interest expense	$	26,500	$	21,767	$	16,980
Senior Notes amortization of debt discount	528		504		493
Senior Notes amortization of debt premium	221		85		—
Senior Notes amortization of debt issuance costs	280		195		140

Schedule of Maturities of Long-term Debt


	Credit Facility		Acquisition Debt
Years ending December 31,
2023	$	—	$	825
2024	—		772
2025	—		772
2026	190,700		325
2027	—		325
Thereafter	—		2,681
Total Credit Facility and acquisition debt	$	190,700	$	5,700
Less: Interest	—		(1,707)
Present value of Credit Facility and acquisition debt	$	190,700	$	3,993

The aggregate maturities of our Senior Notes for the next five years subsequent to December 31, 2022 and thereafter are as follows (in thousands):


	Principal Maturity		Discount Amortization		Carrying Value
Years ending December 31,
2023	$	—	$	(515)	$	(515)
2024	—		(539)		(539)
2025	—		(563)		(563)
2026	—		(588)		(588)
2027	—		(615)		(615)
Thereafter	400,000		(886)		399,114
Total	$	400,000	$	(3,706)	$	396,294

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 835
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

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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-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

+ Details

Convertible Subordinated Notes (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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


	December 31, 2021		December 31, 2022
Credit Facility	$	155,400	$	190,700
Debt issuance costs, net of accumulated amortization of $1,324 and $1,926, respectively	(1,543)		(1,864)
Total Credit Facility	$	153,857	$	188,836

Acquisition debt	$	4,500	$	3,993
Less: current portion	(521)		(555)
Total acquisition debt, net of current portion	$	3,979	$	3,438

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


	Years ended December 31,
	2020		2021		2022
Credit Facility interest expense	$	3,738	$	1,820	$	7,105
Credit Facility amortization of debt issuance costs	482		380		412

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


	Years ended December 31,
	2020		2021		2022
Acquisition debt imputed interest expense	$	489	$	364	$	311

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


	Years ended December 31,
	2020		2021		2022
Convertible Notes interest expense	$	149	$	18	$	—
Convertible Notes accretion of debt discount	216		20		—
Convertible Notes amortization of debt issuance costs	20		1		—

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


	Years ended December 31,
	2020		2021		2022
Senior Notes interest expense	$	26,500	$	21,767	$	16,980
Senior Notes amortization of debt discount	528		504		493
Senior Notes amortization of debt premium	221		85		—
Senior Notes amortization of debt issuance costs	280		195		140

- Definition

+ References

+ Details

Senior Notes (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Carrying Values

The carrying value of our Senior Notes is reflected on our Consolidated Balance Sheet as follows (in thousands):


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

Debt discount, net of accumulated amortization of $301 and $794, respectively	(4,199)		(3,706)
Debt issuance costs, net of accumulated amortization of $86 and $226, respectively	(1,191)		(1,051)
Carrying value of the Senior Notes	$	394,610	$	395,243

Schedule of Maturities of Long-term Debt


	Credit Facility		Acquisition Debt
Years ending December 31,
2023	$	—	$	825
2024	—		772
2025	—		772
2026	190,700		325
2027	—		325
Thereafter	—		2,681
Total Credit Facility and acquisition debt	$	190,700	$	5,700
Less: Interest	—		(1,707)
Present value of Credit Facility and acquisition debt	$	190,700	$	3,993

The aggregate maturities of our Senior Notes for the next five years subsequent to December 31, 2022 and thereafter are as follows (in thousands):


	Principal Maturity		Discount Amortization		Carrying Value
Years ending December 31,
2023	$	—	$	(515)	$	(515)
2024	—		(539)		(539)
2025	—		(563)		(563)
2026	—		(588)		(588)
2027	—		(615)		(615)
Thereafter	400,000		(886)		399,114
Total	$	400,000	$	(3,706)	$	396,294

Schedule of Long-term Debt Instruments

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


	December 31, 2021		December 31, 2022
Credit Facility	$	155,400	$	190,700
Debt issuance costs, net of accumulated amortization of $1,324 and $1,926, respectively	(1,543)		(1,864)
Total Credit Facility	$	153,857	$	188,836

Acquisition debt	$	4,500	$	3,993
Less: current portion	(521)		(555)
Total acquisition debt, net of current portion	$	3,979	$	3,438

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


	Years ended December 31,
	2020		2021		2022
Credit Facility interest expense	$	3,738	$	1,820	$	7,105
Credit Facility amortization of debt issuance costs	482		380		412

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


	Years ended December 31,
	2020		2021		2022
Acquisition debt imputed interest expense	$	489	$	364	$	311

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


	Years ended December 31,
	2020		2021		2022
Convertible Notes interest expense	$	149	$	18	$	—
Convertible Notes accretion of debt discount	216		20		—
Convertible Notes amortization of debt issuance costs	20		1		—

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


	Years ended December 31,
	2020		2021		2022
Senior Notes interest expense	$	26,500	$	21,767	$	16,980
Senior Notes amortization of debt discount	528		504		493
Senior Notes amortization of debt premium	221		85		—
Senior Notes amortization of debt issuance costs	280		195		140

- Definition

+ References

+ Details

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Components of Lease Expense

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):


		Years Ended December 31,
	Income Statement Classification	2020		2021		2022
Operating lease cost	Facilities and grounds expense(1)	$	3,795	$	3,762	$	3,375
Short-term lease cost	Facilities and grounds expense(1)	185		193		329
Variable lease cost	Facilities and grounds expense(1)	39		160		324

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	439	$	438	$	438
Interest on lease liabilities	Interest expense	496		471		442
Total finance lease cost		935		909		880
Total lease cost		$	4,954	$	5,024	$	4,908



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

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


	Years Ended December 31,
	2020		2021		2022
Cash paid for operating leases included in operating activities	$	3,383	$	3,822	$	3,671
Cash paid for finance leases included in financing activities	828		835		868

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


	Years Ended December 31,
	2021		2022
Right-of-use assets obtained in exchange for new operating lease liabilities	$	(1,313)	$	674
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		December 31, 2022
Operating lease right-of-use assets	Operating lease right-of-use assets	$	17,881	$	17,060

Finance lease right-of-use assets	Property, plant and equipment, net	6,770		6,770
Accumulated depreciation	Property, plant and equipment, net	(2,443)		(2,881)
Finance lease right-of-use assets, net		$	4,327	$	3,889

Operating lease current liabilities	Current portion of operating lease obligations	$	1,913	$	2,203
Finance lease current liabilities	Current portion of finance lease obligations	375		414
Total current lease liabilities		$	2,288	$	2,617

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	18,520	$	17,315
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	5,157		4,743
Total non-current lease liabilities		$	23,677	$	22,058

Total lease liabilities		$	25,965	$	24,675

The average lease terms and discount rates at December 31, 2022 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	8.8	8.1	%
Finance leases	11.4	8.2	%

Maturities of Operating Lease Liabilities

The aggregate future lease payments for non-cancelable operating and finance leases at December 31, 2022 are as follows (in thousands):


	Operating		Finance
Lease payments due:
2023	$	3,687	$	870
2024	3,660		791
2025	3,379		736
2026	3,274		746
2027	3,201		746
Thereafter	9,916		4,063
Total lease payments	$	27,117	$	7,952
Less: Interest	(7,599)		(2,795)
Present value of lease liabilities	$	19,518	$	5,157

Maturities of Financing Lease Liabilities

The aggregate future lease payments for non-cancelable operating and finance leases at December 31, 2022 are as follows (in thousands):


	Operating		Finance
Lease payments due:
2023	$	3,687	$	870
2024	3,660		791
2025	3,379		736
2026	3,274		746
2027	3,201		746
Thereafter	9,916		4,063
Total lease payments	$	27,117	$	7,952
Less: Interest	(7,599)		(2,795)
Present value of lease liabilities	$	19,518	$	5,157

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Other Commitments


	Non-Compete		Consulting		Employment(a)		Total
Years ending December 31,
2023	$	2,473	$	950	$	4,771	$	8,194
2024	1,842		526		4,660		7,028
2025	1,469		348		3,290		5,107
2026	1,026		235		1,300		2,561
2027	546		75		1,000		1,621
Thereafter	621		95		125		841
Total	$	7,977	$	2,229	$	15,146	$	25,352



(a)			Melvin C. Payne, our Chairman of the Board and Chief Executive Officer, has an employment agreement that does not renew after the initial term.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes consisted of the following (in thousands):


	Years Ended December 31,
	2020		2021		2022
Current:
U. S. federal provision	$	1,778	$	8,848	$	9,490
State provision	2,177		2,989		3,287
Total current provision	$	3,955	$	11,837	$	12,777
Deferred:
U. S. federal provision (benefit)	$	3,994	$	(452)	$	1,723
State provision (benefit)	603		(240)		1,313
Total deferred provision (benefit)	$	4,597	$	(692)	$	3,036
Total income tax provision	$	8,552	$	11,145	$	15,813

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income taxes calculated at the U.S. federal statutory rate to those reflected in the Consolidated Statements of Operations is as follows (dollars in thousands):


	Years Ended December 31,
	2020				2021				2022
	Amount		Percent		Amount		Percent		Amount		Percent
Federal statutory rate	$	5,175	21.0	%	$	9,304	21.0	%	$	12,000	21.0	%
Effect of state income taxes, net of federal benefit	2,080		8.4		2,180		4.9		3,630		6.3
Effect of non-deductible expenses and other, net	460		1.9		(423)		(1.0)		59		0.1
Effect of divestitures and impairment of businesses	846		3.4		103		0.2		138		0.2
Change in valuation allowance, net of federal benefit	(9)		—		(19)		—		(14)		—

Total	$	8,552	34.7	%	$	11,145	25.1	%	$	15,813	27.6	%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences from total operations that give rise to significant deferred tax assets and liabilities are as follows (in thousands):


	Years Ended December 31,
	2021		2022
Deferred income tax assets:
Net operating loss carryforwards	$	1,268	$	839
Interest expense limitation	2,777		3,506
Tax credit carryforwards	88		75
State depreciation	1,195		1,297
Accrued and other liabilities	7,552		8,606
Amortization of non-compete agreements	1,172		1,213
Prepaid assets	616		—

Total deferred income tax assets	14,668		15,536
Less valuation allowance	(198)		(181)
Total deferred income tax assets	$	14,470	$	15,355
Deferred income tax liabilities:
Depreciation and amortization	$	(56,030)	$	(61,432)
Preneed liabilities	(4,224)		(2,582)

Prepaid assets	—		(161)
Total deferred income tax liabilities	(60,254)		(64,175)
Total net deferred tax liabilities	$	(45,784)	$	(48,820)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):


	Years Ended December 31,
	2020		2021		2022
Unrecognized tax benefit at beginning of year	$	691	$	3,656	$	3,761

Gross decreases - tax positions in prior period	(691)		—		(533)
Gross increases - tax positions in current period	3,656		105		66

Unrecognized tax benefit at end of year	$	3,656	$	3,761	$	3,294

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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


Grant date	February 23, 2022		April 1, 2022
Simulation period (years)	2.85		2.75
Share price at grant date	$49.48		$52.49
Expected volatility	43.99	%	44.44	%
Risk-free interest rate	1.75	%	2.55	%


Grant date	April 16, 2021		June 1, 2021		August 12, 2021		September 15, 2021		November 29, 2021
Simulation period (years)	3.71		3.58		3.39		3.29		3.09
Share price at grant date	$35.83		$38.78		$39.48		$45.27		$51.15
Expected volatility	41.17	%	41.79	%	42.85	%	43.44	%	45.50	%
Risk-free interest rate	0.52	%	0.46	%	0.53	%	0.49	%	0.85	%

Schedule of Share-based Compensation, Stock Options, Activity

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


	Years Ended December 31,
	2020			2021			2022
	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)	20,000	$	92	—	$	—	12,600	$	143
Cancelled	146,034	$	846	74,688	$	722	45,590	$	512



(1)			Stock options granted during the year ended December 31, 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 year ended December 31, 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 year ended December 31, 2020 and 2022 had a weighted average price of $18.02 and $31.58, respectively. 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):


	Years Ended December 31,
	2020			2021			2022
	Shares	Cash		Shares	Cash		Shares	Cash
Exercised(1)	40,365	(1)		423,294	(1)		32,196	(1)
Returned for option price(2)	18,640	$	19	211,088	$	1,013	18,797	$	60
Returned for payroll taxes(3)	2,954	$	89	43,534	$	2,272	2,895	$	123



(1)			Stock options exercised during the years ended December 31, 2020, 2021 and 2022 had a weighted average exercise price of $13.72, $21.99 and $25.49, 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.

A summary of the number of stock options and their weighted average exercise prices during the year ended December 31, 2022 is presented in the table below (shares in thousands):


	Shares	Wtd. Avg. Ex. Price
Outstanding at January 1	1,265	$	30.94
Granted	381	$	48.89
Exercised	(32)	$	25.49
Forfeited or expired	(46)	$	37.34
Outstanding at December 31	1,568	$	35.23
Exercisable at December 31	592	$	27.60

A summary of the number of stock options and their weighted average grant date fair values during the year ended December 31, 2022 is presented in the table below (shares in thousands):


	Shares	Wtd. Avg. Fair Value
Non-vested at January 1	839	$	9.90
Granted	381	$	17.03
Vested or exercised	(201)	$	8.86
Forfeited	(43)	$	11.43
Non-vested at December 31	976	$	12.83

A summary of the intrinsic value of stock options exercised and the fair value of stock options vested for the three years ended December 31, 2022 is presented in the table below (in thousands):

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

The following table further describes our outstanding stock options at December 31, 2022:


	Options Outstanding				Options Exercisable
Actual Ranges of Exercise Prices	Number Outstanding at 12/31/22	Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price		Number Exercisable at 12/31/22	Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price
$18.02 - $18.02	13,333	2.48	$	18.02	6,667	2.48	$	18.02
$20.06 - $26.54	435,535	4.19	$	24.85	415,569	4.15	$	24.82
$31.58 - $31.58	12,600	9.75	$	31.58	—	0.00	$	—
$34.79 - $49.88	1,107,000	8.47	$	39.56	169,980	8.14	$	34.79
$18.02 - $49.48	1,568,468	7.24	$	35.23	592,216	5.27	$	27.60

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

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


	Years Ended December 31,
	2020			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted(1)	10,200	$	255	9,300	$	324	—	$	—
Returned for payroll taxes	10,588	$	250	10,399	$	375	4,136	$	205
Cancelled	—	$	—	966	$	27	1,950	$	63

(1)


Restricted stock awards	Shares	Weighted Average Grant Date Fair Value
Unvested at January 1	22,643	$	27.21

Vested	(13,111)	$	24.23
Cancelled	(1,950)	$	32.28
Unvested at December 31	7,582	$	31.05

Schedule of Dividends Payable

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
December 1st	$	0.1125	$	1,655

2021	Per Share		Dollar Value
March 1st	$	0.1000	$	1,799
June 1st	$	0.1000	$	1,808
September 1st	$	0.1000	$	1,783
December 1st	$	0.1125	$	1,873

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable


	Years Ended December 31,
	2020		2021		2022
Intrinsic value of options exercised	$	517	$	8,229	$	580
Fair value of stock options vested	$	735	$	1,413	$	1,784

Share-based Payment Arrangement, Activity

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


	Years Ended December 31,
	2020			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Granted	30,743	$	733	55,302	$	2,116	27,013	$	1,262
Cancelled	33,538	$	631	55,896	$	799	30,743	$	295

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


Years Ended December 31,
2020			2021			2022
Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
17,991	$	449	—	$	—	27,448	$	1,358

(1)

Common stock granted during the year ended December 31, 2020 and 2022 had a grant date stock price of $25.00 and $49.48, respectively.

Share-based Payment Arrangement, Performance Shares, Outstanding Activity


Performance Awards	Shares	Weighted Average Grant Date Fair Value
At January 1	435,766	$	21.76
Granted	27,013	$	46.71


Cancelled	(30,743)	$	9.59
At December 31	432,036	$	20.95

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


	Years Ended December 31,
	2020			2021			2022
	Shares	Fair Value		Shares	Fair Value		Shares	Fair Value
Board of Directors(1)	30,883	$	654	14,744	$	622	11,155	$	415
Advisor to the Board(1)	967	$	20	466	$	20	555	$	20

(1)

Common stock granted during the years ended December 31, 2020, 2021 and 2022 had a weighted average price of $21.16, $42.14 and $37.14, respectively.

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

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


	Years Ended December 31,
	2020			2021			2022
	Shares	Price		Shares	Price		Shares	Price
ESPP	71,908	$	16.71	61,904	$	26.32	52,053	$	32.38

Employee Stock Option

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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

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


	Year ended December 31, 2022
Awards granted	150,000



Dividend yield	1.15	%
Expected volatility	34.08	%
Risk-free interest rate	1.29	%

Employee Stock Purchase Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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

The fair values of the right to purchase shares under the ESPP are estimated at the date of purchase with the four quarterly purchase dates using the following assumptions:


	Years Ended December 31,
	2020		2021		2022
Dividend yield	1.5	%	0.01	%	0.01	%
Expected volatility	48.6	%	48.1	%	30.2	%
Risk-free interest rate	1.54%, 1.57%, 1.57%, 1.56%		0.09%, 0.09%, 0.10%,0.10%		0.08%, 0.22%, 0.31%, 0.40%
Expected life (years)	0.25, 0.50, 0.75, 1.00		0.25, 0.50, 0.75, 1.00		0.25, 0.50, 0.75, 1.00

Share Repurchase Program (Tables)

12 Months Ended

Dec. 31, 2022

Class of Stock Disclosures [Abstract]

Share Repurchase Activity

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


	Years Ended December 31,
	2020		2021		2022
Number of Shares Repurchased(1)	—		2,906,983		695,496
Average Price Paid Per Share	$	—	$	49.01	$	49.22
Dollar Value of Shares Repurchased(1)	$	—	$	142,469	$	34,234

(1)

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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):


	Years Ended December 31,
	2020		2021		2022
Numerator for basic and diluted earnings per share:
Net income	$	16,090	$	33,159	$	41,381
Less: Earnings allocated to unvested restricted stock	(46)		(53)		(26)
Income attributable to common stockholders	$	16,044	$	33,106	$	41,355

Denominator:
Denominator for basic earnings per common share - weighted average shares outstanding	17,872		17,409		14,857
Effect of dilutive securities:
Stock options	196		475		183
Convertible Notes	9		—		—
Performance awards	—		382		670
Denominator for diluted earnings per common share - weighted average shares outstanding	18,077		18,266		15,710

Basic earnings per common share	$	0.90	$	1.90	$	2.78
Diluted earnings per common share	$	0.89	$	1.81	$	2.63

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Revenue, pre-tax income and total assets by segments

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


Year Ended, December 31, 2022
	Funeral		Cemetery		Total
Services	$	163,904	$	17,367	$	181,271
Merchandise	89,052		14,307		103,359
Cemetery property	—		58,611		58,611
Other revenue	13,947		12,986		26,933
Total	$	266,903	$	103,271	$	370,174


Year Ended, December 31, 2021
	Funeral		Cemetery		Total
Services	$	164,082	$	16,490	$	180,572
Merchandise	92,023		13,741		105,764
Cemetery property	—		61,957		61,957
Other revenue	13,982		13,611		27,593
Total	$	270,087	$	105,799	$	375,886


Year Ended, December 31, 2020
	Funeral		Cemetery		Total
Services	$	150,283	$	14,701	$	164,984
Merchandise	84,787		10,778		95,565
Cemetery property	—		44,065		44,065
Other revenue	14,068		10,766		24,834
Total	$	249,138	$	80,310	$	329,448


	Funeral		Cemetery		Corporate		Consolidated




Operating income (loss):
2022	$	82,080	$	35,095	$	(37,449)	$	79,726
2021	88,591		40,353		(35,284)		93,660
2020	57,622		26,859		(27,254)		57,227
Income (loss) before income taxes:
2022	$	85,196	$	35,126	$	(63,128)	$	57,194
2021	88,015		40,473		(84,184)		44,304
2020	56,875		27,087		(59,320)		24,642
Depreciation and amortization:
2022	$	11,591	$	7,584	$	624	$	19,799
2021	11,062		8,217		1,241		20,520
2020	11,586		6,376		1,427		19,389
Interest expense:
2022	$	753	$	—	$	25,142	$	25,895
2021	835		—		24,610		25,445
2020	1,004		13		31,498		32,515
Income tax expense (benefit):
2022	$	23,555	$	9,712	$	(17,454)	$	15,813
2021	22,141		10,181		(21,177)		11,145
2020	19,738		9,401		(20,587)		8,552
Total assets:
2022	$	779,500	$	396,389	$	17,061	$	1,192,950
2021	769,539		390,344		18,748		1,178,631
2020	764,535		366,964		14,326		1,145,825
Long-lived assets:
2022	$	630,599	$	190,226	$	4,518	$	825,343
2021	611,181		176,398		3,839		791,418
2020	619,588		172,122		995		792,705
Goodwill:
2022	$	355,654	$	54,483	$	—	$	410,137
2021	344,823		47,149		—		391,972
2020	345,829		47,149		—		392,978
Capital expenditures:
2022	$	14,917	$	10,566	$	598	$	26,081
2021	11,511		9,704		3,668		24,883
2020	6,997		7,025		1,176		15,198
Number of operating locations at year end:
2022	171		32		—		203
2021	170		31		—		201
2020	178		32		—		210

Supplementary Data (Tables)

12 Months Ended

Dec. 31, 2022

Supplemental Income Statement Elements [Abstract]

Supplementary Balance Sheet Disclosures

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


	December 31,
	2021		2022
Prepaids and other current assets:
Prepaid expenses	$	2,215	$	4,077

Federal income tax receivable	4,064		507

Other current assets	125		149
Total prepaid and other current assets	$	6,404	$	4,733

Current portion of debt and lease obligations:
Acquisition debt	$	521	$	555
Finance lease obligations	375		414
Operating lease obligations	1,913		2,203
Total current portion of debt and lease obligations	$	2,809	$	3,172

Accrued and other liabilities:
Incentive compensation	$	19,121	$	12,140
Insurance	4,089		3,051
Unrecognized tax benefit	3,761		3,294
Vacation	3,334		3,430
Natural disaster liability	2,628		—
Interest	2,250		2,329
Salaries and wages	2,193		2,263
Employer payroll tax deferral	1,773		—
Employee meetings and award trips	1,462		746
Income tax payable	485		459
Commissions	684		743
Perpetual care trust payable	389		222
Ad valorem and franchise taxes	450		455

Other accrued liabilities	1,154		1,489
Total accrued and other liabilities	$	43,773	$	30,621

Other long-term liabilities:

Incentive compensation	$	1,291	$	2,541


Other long-term liabilities	128		524
Total other long-term liabilities	$	1,419	$	3,065

Supplemental Disclosure of Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2022

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosure for the Consolidated Statements of Cash Flows

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


	Years Ended December 31,
	2020		2021		2022
Cash paid for interest and financing costs	$	30,935	$	24,127	$	24,456
Cash paid (refunded) for taxes	(4,457)		16,110		9,713
Unsettled share repurchases	—		2,429		—
Fair value of donated real property	—		635		—

Basis of Presentation and Summary of Significant Accounting Policies (Operations) (Details) $ in Thousands					12 Months Ended
	Aug. 07, 2021 USD ($)	Dec. 04, 2020 USD ($)	Nov. 03, 2020 USD ($)	May 10, 2017 USD ($)	Dec. 31, 2022 USD ($) divestiture	Dec. 31, 2021 USD ($) divestiture	Dec. 31, 2020 USD ($) divestiture
Organization Description and Operations [Line Items]
Amortization Of Cemetery Property					$ 6,100	$ 6,700	$ 5,000
The percentage of trust assets in custody of institution receiving trust management services					80.00%
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)							1,100
Goodwill, Impairment Loss					$ 400		13,600
Accumulated Amortization, Property, Plant, and Equipment					(53,100)	(59,000)
Proceeds from Divestiture of Businesses							8,400
Property, Plant and Equipment, Disposals					$ 1,800	4,300
Share-based Payment Arrangement, Expense, Tax Benefit						$ 1,200	$ 100
Number of businesses sold \| divestiture						1
Quantitative Impairment Test					3 years
Qualitative Impairment Test					2 years
Term of sales contract for cemetery interment rights, maximum (in years)					5 years
Proceeds from Sale of Real Estate					$ 3,300	$ 5,200
Payments to Acquire Real Estate					$ 2,600	$ 3,300
Number Of Business Closed \| divestiture					1	6
Property, plant and equipment, carrying value					$ 1,000
Gain (Loss) on Sale of Properties					1,400	$ 900
Proceeds from Income Tax Refunds	$ 7,000	$ 800	$ 1,200	$ 1,900
Growth Capital Expenditures					7,700	5,900
Cemetery property impairment					900
Funeral
Organization Description and Operations [Line Items]
Property, Plant and Equipment, Disposals					1,300	$ 1,400
Cemetery
Organization Description and Operations [Line Items]
Property, Plant and Equipment, Disposals					$ 100
Senior Notes Due 2026
Organization Description and Operations [Line Items]
Number of businesses sold \| divestiture					4	2	8
Funeral And Cemetery [Member]
Organization Description and Operations [Line Items]
Accounts Receivable, Threshold Period Past Due in Which Statements are Sent					30 days
Accounts Receivable, Threshold Period Past Due in Which Past Due Notification Letters are Sent					45 days
Cemetery
Organization Description and Operations [Line Items]
Accounts Receivable, Threshold Period Past Due in Which Past Due Notification Letters are Sent					15 days
Funeral Homes
Organization Description and Operations [Line Items]
Revenue, Percentage					70.00%
Cemeteries
Organization Description and Operations [Line Items]
Revenue, Percentage					30.00%
Funeral
Organization Description and Operations [Line Items]
Revenue, Remaining Performance Obligation, Amount					$ 8,900	$ 8,000
Funeral \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Organization Description and Operations [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period					10 years
Cemetery
Organization Description and Operations [Line Items]
Revenue, Remaining Performance Obligation, Amount					$ 11,600	$ 10,400
Cemetery \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Organization Description and Operations [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period					8 years
Lafayette, California
Organization Description and Operations [Line Items]
Property, plant & equipment					$ 8,146
Minimum
Organization Description and Operations [Line Items]
Service Contract, Term					8 years
Lessee, Operating Lease, Term of Contract					1 year
Lessee, Finance Lease, Term of Contract					10 years
Maximum
Organization Description and Operations [Line Items]
Service Contract, Term					10 years
Lessee, Operating Lease, Term of Contract					20 years
Lessee, Finance Lease, Term of Contract					40 years

Basis of Presentation and Summary of Significant Accounting Policies (PPE) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 406,705	$ 395,859
Accumulated amortization of cemetery property	53,100	59,000
Amortization Of Cemetery Property	6,100	6,700	$ 5,000
Less: accumulated depreciation	(128,599)	(126,492)
Property, plant and equipment, net	278,106	269,367
Impairment of long lived assets	1,000	500
Growth and Maintenance Expenses	18,400	19,000
Land
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	84,405	82,095
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	251,778	240,387
Furniture, equipment and automobiles
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 70,522	$ 73,377

Basis of Presentation and Summary of Significant Accounting Policies Income Taxes (Details) - USD ($) $ in Thousands	Aug. 07, 2021	Dec. 04, 2020	Nov. 03, 2020	May 10, 2017	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Unrecognized tax benefits					$ 3,294	$ 3,761	$ 3,656	$ 691
Operating Loss Carryforwards					$ 17,300
Proceeds from Income Tax Refunds	$ 7,000	$ 800	$ 1,200	$ 1,900

Basis of Presentation and Summary of Significant Accounting Policies Performance Obligation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from External Customer [Line Items]
Term of sales contract for cemetery interment rights, maximum (in years)	5 years
Funeral
Revenue from External Customer [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 8.9	$ 8.0
Funeral \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from External Customer [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	10 years
Cemetery
Revenue from External Customer [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 11.6	$ 10.4
Cemetery \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from External Customer [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	8 years

Basis of Presentation and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands			12 Months Ended
	Oct. 25, 2022 USD ($) funeral_home cemetary crematory	Aug. 08, 2022 USD ($) funeral_home	Dec. 31, 2022 USD ($) segment numberOfOperatingLocation state cemetary divestiture business	Dec. 31, 2021 USD ($) numberOfOperatingLocation divestiture business	Dec. 31, 2020 USD ($) numberOfOperatingLocation
Debt Instrument [Line Items]
Number of operating locations at year end: \| numberOfOperatingLocation			203	201	210
Share-based Payment Arrangement, Expense, Tax Benefit				$ 1,200	$ 100
Number of states in which the entity operated funeral homes (in States) \| state			26
Number of states in which the entity operated cemeteries (in States) \| state			11
Number of business segments \| segment			2
Amortization Of Cemetery Property			$ 6,100	6,700	5,000
The percentage of trust assets in custody of institution receiving trust management services			80.00%
Field depreciation expense			$ 13,700	13,800	14,400
Impairment of long lived assets			1,000	500
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)					1,100
Cemetery Property, Net			$ 104,170	$ 100,701
Number Of Business Closed \| divestiture			1	6
Goodwill, Impairment Loss			$ 400		$ 13,600
Lessee, Operating Lease, Renewal Term			40 years
Number of Funeral Homes Sold \| business			2	1
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]			Gain (Loss) on Disposition of Business	Gain (Loss) on Disposition of Business
Impairment Of Intangible Asset Indefinite Lived Excluding Goodwill Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag					impairment to tradenames
Assets Held-for-sale, Not Part of Disposal Group			$ 800
Goodwill and Intangible Asset Impairment			900	$ 1,000
Proceeds from Divestiture of Businesses					$ 8,400
Property, Plant and Equipment, Disposals			$ 1,800	4,300
Separate Income Tax Return
Debt Instrument [Line Items]
Number of States in Which Entity Files Separate State Income Tax Returns \| state			15
Combined or unitary income tax return
Debt Instrument [Line Items]
Number of States in Which Entity Files Unitary Tax Returns \| state			14
Funeral Homes
Debt Instrument [Line Items]
Revenue, Percentage			70.00%
Cemeteries
Debt Instrument [Line Items]
Revenue, Percentage			30.00%
Funeral
Debt Instrument [Line Items]
Revenue, Remaining Performance Obligation, Amount			$ 8,900	$ 8,000
Number of operating locations at year end: \| numberOfOperatingLocation			171	170	178
Cemetery
Debt Instrument [Line Items]
Revenue, Remaining Performance Obligation, Amount			$ 11,600	$ 10,400
Number of operating locations at year end: \| numberOfOperatingLocation			32	31	32
Lafayette, California
Debt Instrument [Line Items]
Property, plant & equipment			$ 8,146
Kissimmee, Florida, Two Funeral Homes
Debt Instrument [Line Items]
Number Of Funeral Homes \| funeral_home		2
Consideration transferred		$ 6,300
Charlotte, North Carolina
Debt Instrument [Line Items]
Number of owned and operated cemeteries (in Cemetaries) \| cemetary	1
Number Of Funeral Homes \| funeral_home	3
Consideration transferred	$ 25,000
Number Of Cremation Focused Businesses \| crematory	1
Discontinued Operations, Disposed of by Sale \| KENTUCKY
Debt Instrument [Line Items]
Consideration for funeral homes and cemeteries sold			$ 1,500	$ 2,500
Discontinued Operations, Held-for-sale
Debt Instrument [Line Items]
Number of Funeral Homes Sold \| business			1
Number of owned and operated cemeteries (in Cemetaries) \| cemetary			2
Minimum
Debt Instrument [Line Items]
Service Contract, Term			8 years
Lessee, Operating Lease, Term of Contract			1 year
Lessee, Finance Lease, Term of Contract			10 years
Maximum
Debt Instrument [Line Items]
Service Contract, Term			10 years
Lessee, Operating Lease, Term of Contract			20 years
Lessee, Finance Lease, Term of Contract			40 years

Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 406,705	$ 395,859
Less: accumulated depreciation	(128,599)	(126,492)
Property, plant and equipment, net	278,106	269,367
Land
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	84,405	82,095
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 251,778	240,387
Buildings and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	15 years
Buildings and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	40 years
Furniture and fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Furniture and fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	3 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	15 years
Automobiles \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Automobiles \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	7 years
Furniture, equipment and automobiles
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 70,522	$ 73,377

Acquisitions (Narrative) (Details) $ in Millions	Oct. 25, 2022 USD ($) funeral_home cemetary crematory	Aug. 08, 2022 USD ($) funeral_home
Kissimmee, Florida, Two Funeral Homes
Business Acquisition [Line Items]
Consideration transferred \| $		$ 6.3
Number Of Funeral Homes \| funeral_home		2
Charlotte, North Carolina
Business Acquisition [Line Items]
Consideration transferred \| $	$ 25.0
Number Of Funeral Homes \| funeral_home	3
Number of owned and operated cemeteries (in Cemetaries) \| cemetary	1
Number Of Cremation Focused Businesses \| crematory	1

Acquisitions (Purchase Price Allocation) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Oct. 25, 2022	Aug. 08, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 410,137			$ 391,972	$ 392,978	$ 392,978
Lafayette, California
Business Acquisition [Line Items]
Current assets	219
Trust investments	4,146
Property, plant & equipment	8,146
Cemetery property	2,375
Goodwill	19,511
Intangible and other non-current assets	2,145
Trust liabilities	(4,146)
Deferred revenue	(1,146)
Purchase price	$ 31,250
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Goodwill		$ 16,817	$ 2,694
Assets Acquired (Excluding Goodwill)		12,036	4,995
Liabilities and Debt Assumed		$ (3,853)	$ (1,439)

Goodwill (Changes in Goodwill) (Details) $ in Thousands	12 Months Ended
Goodwill (Changes in Goodwill) (Details) $ in Thousands	Dec. 31, 2022 USD ($) business	Dec. 31, 2021 USD ($) business	Dec. 31, 2020 USD ($)
Goodwill [Roll Forward]
Goodwill at the beginning of year	$ 391,972	$ 392,978	$ 392,978
Increase in goodwill related to acquisitions	19,511	0
Decrease in goodwill related to divestitures	(901)	(1,006)
Decrease in goodwill related to assets held for sale	(445)	0
Goodwill at the end of the year	$ 410,137	$ 391,972	392,978
Number of Funeral Homes Sold \| business	2	1
Goodwill and Intangible Asset Impairment	$ 900	$ 1,000
Goodwill, Impairment Loss	400		13,600
Cemetery
Goodwill [Roll Forward]
Goodwill at the beginning of year	47,149		47,149
Increase in goodwill related to acquisitions	7,400
Goodwill at the end of the year	54,483	47,149
Funeral
Goodwill [Roll Forward]
Goodwill at the beginning of year	344,823		$ 345,829
Increase in goodwill related to acquisitions	12,100
Goodwill at the end of the year	$ 355,654	$ 344,823

Divested Operations (Narrative) (Details) $ in Millions	12 Months Ended
Divested Operations (Narrative) (Details) $ in Millions	Dec. 31, 2022 USD ($) funeral_home divestiture	Dec. 31, 2021 USD ($) funeral_home divestiture	Dec. 31, 2020 USD ($) divestiture
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of businesses sold \| divestiture		1
Number of Funeral Homes Merged \| funeral_home	1	6
Proceeds from Divestiture of Businesses \| $			$ 8.4
Senior Notes Due 2026
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of businesses sold \| divestiture	4	2	8
Discontinued Operations, Disposed of by Sale \| KENTUCKY
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration for funeral homes and cemeteries sold \| $	$ 1.5	$ 2.5

Divested Operations (Assets held for sale and discontinued operations) (Details) - Tennessee - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 656	$ 1,070	$ 2,643
Operating income	54	6	159
Net gain on disposal	(736)	(62)	(6,749)
Income tax provision	193	16	2,135
Income from discontinued operations, net of tax	$ (488)	$ (40)	$ (4,455)

- 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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=109227538&loc=d3e44648-109337

+ Details

Receivables Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Trade and financed receivables	$ 23,947	$ 24,357
Other receivables	1,524	1,947
Allowance for credit losses	(1,013)	(990)
Accounts receivable, net	24,458	25,314
Funeral
Segment Reporting Information [Line Items]
Trade and financed receivables	9,518	10,728
Other receivables	643	329
Allowance for credit losses	(311)	(365)
Accounts receivable, net	9,850	10,692
Cemetery
Segment Reporting Information [Line Items]
Trade and financed receivables	14,429	13,629
Other receivables	833	1,433
Allowance for credit losses	(702)	(625)
Accounts receivable, net	14,560	14,437
Corporate
Segment Reporting Information [Line Items]
Trade and financed receivables	0	0
Other receivables	48	185
Allowance for credit losses	0	0
Accounts receivable, net	$ 48	$ 185

Receivables (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Receivables (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss	$ 1,013	$ 990
Unearned Finance Charges Included In Receivables	4,894	4,644
Provision for credit losses	2,818	1,783	$ 2,318
Preneed Cemetery Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss	1,283	$ 1,079
Provision for credit losses	$ 997

Receivables (Preneed cemetery receivables) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Preneed Receivables, Gross	$ 58,830	$ 52,855
Deferred Discounts, Finance Charges and Interest Included in Receivables	(4,894)	(4,644)
Total	53,936	48,211
Preneed Receivables, Balances Due on Undelivered Contracts	(11,552)	(10,353)
Preneed receivables	26,672	23,150
Allowance for Contract Cancellations [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Beginning Balance	990
Accounts Receivable, Allowance for Credit Loss, Ending Balance	1,013
Trade and financed receivables	23,947	24,357
Preneed Funeral Trust Funds Allowance For Contract Cancellation And Credit Loss	(1,985)	(1,704)
Preneed Cemetery Receivable, after Allowance for Credit Loss	(13,727)	(13,004)
Balance of receivables for preneed cemetery interment rights	45,351	40,863
Balance of receivables for preneed cemetery interment related products and services	8,585	7,348
Financing Receivable, before Allowance for Credit Loss	58,830	52,855
Cemetery
Allowance for Contract Cancellations [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Beginning Balance	625
Accounts Receivable, Allowance for Credit Loss, Ending Balance	702
Trade and financed receivables	14,429	$ 13,629
Preneed Cemetery Receivables
Allowance for Contract Cancellations [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Beginning Balance	1,079
Accounts Receivable, Allowance for Credit Loss, Writeoff	(793)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 1,283

Receivables (Aging of past due financing receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 58,830	$ 52,855
Total Financing Receivables	58,830	52,855
Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	42,384	37,858
Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	16,446	14,997
31-60 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,149	1,048
31-60 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	864	777
31-60 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	285	271
61-90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	739	897
61-90 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	555	738
61-90 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	184	159
91-120 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	254	267
91-120 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	180	210
91-120 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	74	57
Greater than 120 Day Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,155	2,386
Greater than 120 Day Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	2,146	1,919
Greater than 120 Day Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,009	467
Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	5,297	4,598
Total Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,745	3,644
Total Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,552	954
Current
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	53,533	48,257
Current \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	38,639	34,214
Current \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 14,894	$ 14,043

Receivables Allowance for credit losses by portfolio segment (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ (990)
Provision for Credit Losses	(1,821)
Write Offs	2,591
Recoveries	(793)
Balance at end of period	(1,013)
Funeral
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	(365)
Provision for Credit Losses	(1,213)
Write Offs	2,060
Recoveries	(793)
Balance at end of period	(311)
Cemetery
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	(625)
Provision for Credit Losses	(608)
Write Offs	531
Recoveries	0
Balance at end of period	$ (702)

Receivables Amortized cost basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
2022	$ 27,597
2021	13,005
2020	7,028
2019	3,736
2018	1,237
Prior	1,333
Total	$ 53,936	$ 48,211

Trust Investments (Components of preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 95,065	$ 100,903
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	98,269	103,808
Less: allowance for contract cancellation	(3,204)	(2,905)
Preneed cemetery trust investments	95,065	100,903
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	$ 107,995	$ 116,973

Trust Investments (Cost and fair market values associated with preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 98,269	$ 103,808
Market value as a percentage of cost	91.00%	106.20%
Cost	$ 106,798
Unrealized Gains	6,562
Unrealized Losses	(16,223)
Fair Market Value	97,137
Preneed Cemetery Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost		$ 15,846
Unrealized Gains		2,025
Unrealized Losses		(953)
Fair Market Value		16,918
Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost		12,965
Unrealized Gains		1,374
Unrealized Losses		(49)
Fair Market Value		14,290
Preneed Cemetery Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost		12,455
Unrealized Gains		1,111
Unrealized Losses		(344)
Fair Market Value		13,222
Preneed Cemetery Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,132	944
Fair Market Value	1,132	944
Preneed Cemetery Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost		96,817
Unrealized Gains		12,039
Unrealized Losses		(5,992)
Fair Market Value		102,864
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 107,995	$ 116,973
Market value as a percentage of cost	93.30%	105.10%
Cost	$ 114,744	$ 110,476
Unrealized Gains	5,792	10,961
Unrealized Losses	(13,515)	(5,296)
Fair Market Value	107,021	116,141
Preneed Funeral Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	974	832
Fair Market Value	974	832
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Cash and Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,434	3,088
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	10,434	3,088
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	42,929	40,992
Unrealized Gains	5,102	6,906
Unrealized Losses	(6,228)	(4,079)
Fair Market Value	41,803	43,819
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Cash and Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	29,641	23,438
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	29,641	23,438
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	36,478	36,694
Unrealized Gains	4,485	6,417
Unrealized Losses	(5,187)	(3,574)
Fair Market Value	35,776	39,537
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,241
Unrealized Gains	910
Unrealized Losses	(644)
Fair Market Value	12,507
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	15,066
Unrealized Gains	104
Unrealized Losses	(4,139)
Fair Market Value	11,031
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,560
Unrealized Gains	436
Unrealized Losses	(1,789)
Fair Market Value	11,207
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,851	14,936
Unrealized Gains	818	1,874
Unrealized Losses	(555)	(887)
Fair Market Value	11,114	15,923
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,735	11,231
Unrealized Gains	89	1,223
Unrealized Losses	(3,443)	(46)
Fair Market Value	9,381	12,408
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,730	11,001
Unrealized Gains	391	986
Unrealized Losses	(1,564)	(319)
Fair Market Value	$ 9,557	$ 11,668

Trust Investments (Estimated maturities of fixed preneed cemetery trust income securities) (Details) - Preneed Cemetery Trust Investments $ in Thousands	Dec. 31, 2022 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 1,176
Due in one to five years	8,655
Due in five to ten years	6,292
Thereafter	19,424
Cost	$ 106,798

Trust Investments (Preneed cemetery trust investment security transactions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net	$ 11,425	$ 10,443	$ 8,461
Net change in deferred preneed cemetery receipts held in trust	8,998	10,325	8,074
Other, net	82	(84)	152
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net	2,219	2,147	2,175
Realized gains	10,619	18,321	8,922
Realized losses	(2,548)	(6,626)	(5,090)
Unrealized gains (losses), net	(9,661)	6,047	5,515
Expenses and taxes	(1,748)	(1,715)	(1,354)
Net change in deferred preneed cemetery receipts held in trust	1,119	(18,174)	(10,168)
Other, net	$ 0	$ 0	$ 0

Trust Investments (Purchases and sales of investments in preneed cemetery trusts) (Details) - Preneed Cemetery Trust Investments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (8,336)	$ (41,414)	$ (48,824)
Sales	$ 8,248	$ 43,265	$ 41,178

Trust Investments (Components of preneed funeral trust investments) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	$ 107,995	$ 116,973
Less: allowance for contract cancellation	(3,442)	(3,315)
Preneed funeral trust investments	$ 104,553	$ 113,658

Trust Investments (Cost and fair market value associated with preneed funeral trust investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 106,798
Unrealized Gains	6,562
Unrealized Losses	(16,223)
Fair Market Value	97,137
Preneed cemetery trust investments	$ 98,269	$ 103,808
Market value as a percentage of cost	91.00%	106.20%
Preneed Cemetery Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost		$ 15,846
Unrealized Gains		2,025
Unrealized Losses		(953)
Fair Market Value		16,918
Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost		12,965
Unrealized Gains		1,374
Unrealized Losses		(49)
Fair Market Value		14,290
Preneed Cemetery Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost		12,455
Unrealized Gains		1,111
Unrealized Losses		(344)
Fair Market Value		13,222
Preneed Cemetery Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 1,132	944
Fair Market Value	1,132	944
Preneed Cemetery Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost		96,817
Unrealized Gains		12,039
Unrealized Losses		(5,992)
Fair Market Value		102,864
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	114,744	110,476
Unrealized Gains	5,792	10,961
Unrealized Losses	(13,515)	(5,296)
Fair Market Value	107,021	116,141
Preneed cemetery trust investments	$ 107,995	$ 116,973
Market value as a percentage of cost	93.30%	105.10%
Preneed Funeral Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 974	$ 832
Fair Market Value	974	$ 832
Perpetual Care Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 25,317
Market value as a percentage of cost	90.40%	106.60%
Perpetual Care Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 806	$ 689
Fair Market Value	806	689
Perpetual Care Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	72,459	67,290
Unrealized Gains	4,476	8,794
Unrealized Losses	(11,434)	(4,373)
Fair Market Value	65,501	71,711
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Cash and cash equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,434	3,088
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	10,434	3,088
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	42,929	40,992
Unrealized Gains	5,102	6,906
Unrealized Losses	(6,228)	(4,079)
Fair Market Value	41,803	43,819
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Cash and cash equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	29,641	23,438
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	29,641	23,438
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	36,478	36,694
Unrealized Gains	4,485	6,417
Unrealized Losses	(5,187)	(3,574)
Fair Market Value	35,776	39,537
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Cash and cash equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	5,326	1,447
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	5,326	1,447
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	28,625	27,853
Unrealized Gains	3,443	4,990
Unrealized Losses	(4,297)	(3,008)
Fair Market Value	27,771	29,835
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,241
Unrealized Gains	910
Unrealized Losses	(644)
Fair Market Value	12,507
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	15,066
Unrealized Gains	104
Unrealized Losses	(4,139)
Fair Market Value	11,031
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,560
Unrealized Gains	436
Unrealized Losses	(1,789)
Fair Market Value	11,207
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	362	28
Unrealized Gains	0	8
Unrealized Losses	(33)	0
Fair Market Value	329	36
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,324	11,443
Unrealized Gains	10	615
Unrealized Losses	(3,310)	(567)
Fair Market Value	9,024	11,491
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,851	14,936
Unrealized Gains	818	1,874
Unrealized Losses	(555)	(887)
Fair Market Value	11,114	15,923
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,735	11,231
Unrealized Gains	89	1,223
Unrealized Losses	(3,443)	(46)
Fair Market Value	9,381	12,408
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,730	11,001
Unrealized Gains	391	986
Unrealized Losses	(1,564)	(319)
Fair Market Value	9,557	11,668
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	326
Unrealized Gains	0
Unrealized Losses	(30)
Fair Market Value	296
Cost		26
Unrealized Gains		7
Unrealized Losses		0
Fair Market Value		33
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Fixed Income Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	9,907	9,396
Unrealized Gains	9	454
Unrealized Losses	(2,691)	(470)
Fair Market Value	7,225	9,380
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Other investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,592	3,754
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	3,592	3,754
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Municipal Bonds
Debt and Equity Securities, FV-NI [Line Items]
Cost	484
Unrealized Gains	0
Unrealized Losses	(45)
Fair Market Value	439
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	8,746	10,949
Unrealized Gains	600	1,401
Unrealized Losses	(470)	(647)
Fair Market Value	8,876	11,703
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	10,540	9,139
Unrealized Gains	118	1,065
Unrealized Losses	(2,961)	(32)
Fair Market Value	7,697	10,172
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	9,831	9,742
Unrealized Gains	287	803
Unrealized Losses	(1,374)	(226)
Fair Market Value	8,744	10,319
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	345
Unrealized Gains	2
Unrealized Losses	(22)
Fair Market Value	325
Cost		19
Unrealized Gains		5
Unrealized Losses		0
Fair Market Value		24
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	9,046	8,141
Unrealized Gains	26	530
Unrealized Losses	(2,310)	(460)
Fair Market Value	$ 6,762	$ 8,211

Trust Investments (Estimated maturities of fixed preneed funeral trust income securities) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 1,057
Due in one to five years	7,203
Due in five to ten years	5,428
Thereafter	16,803
Total	$ 114,744	$ 110,476

Trust Investments (Preneed funeral trust investment security transactions) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net	$ 11,425	$ 10,443	$ 8,461
Decrease in deferred preneed funeral receipts held in trust	8,998	10,325	8,074
Other, net	82	(84)	152
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net	1,700	1,747	1,907
Realized gains	9,446	17,091	9,441
Realized losses	(2,301)	(6,155)	(4,677)
Unrealized gains (losses), net	(7,723)	5,665	5,555
Expenses and taxes	958	(1,221)	(878)
Decrease in deferred preneed funeral receipts held in trust	(2,080)	(17,127)	(11,348)
Other, net	0	0	0
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net	2,219	2,147	2,175
Realized gains	10,619	18,321	8,922
Realized losses	(2,548)	(6,626)	(5,090)
Unrealized gains (losses), net	(9,661)	6,047	5,515
Expenses and taxes	(1,748)	(1,715)	(1,354)
Decrease in deferred preneed funeral receipts held in trust	1,119	(18,174)	(10,168)
Other, net	0	0	0
Perpetual Care Trust Investments \| Other Interest Income
Debt and Equity Securities, FV-NI [Line Items]
Realized gains	1,454	2,474	2,602
Realized losses	(309)	(950)	(1,695)
Unrealized gains (losses), net	6,958	(4,421)	(4,355)
Decrease in deferred preneed funeral receipts held in trust	(5,813)	5,945	5,262
Other, net	$ 0	$ 0	$ 0

Trust Investments (Purchases and sales of investments in preneed funeral trusts) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (6,239)	$ (38,175)	$ (47,315)
Sales	$ 7,419	$ 40,658	$ 43,270

Trust Investments (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Preneed Cemetery Trust Investments
Debt Securities, Available-for-sale [Line Items]
Unrealized Losses	$ (16,223)
Debt Securities, Available-for-sale, Amortized Cost	106,798
Preneed Funeral Trust Investments
Debt Securities, Available-for-sale [Line Items]
Unrealized Losses	(13,515)	$ (5,296)
Debt Securities, Available-for-sale, Amortized Cost	$ 114,744	$ 110,476

Trust Investments (Components of Care trusts’ corpus) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
Care trusts’ corpus	$ 65,495	$ 71,156
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Preneed funeral trust investments	66,307	72,400
Obligations due from (to) trust	(812)	(1,244)
Care trusts’ corpus	$ 65,495	$ 71,156

Trust Investments (Cost and fair market values associated with the trust investments held in perpetual care trust) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Cost	$ 25,317
Preneed funeral trust investments	$ 66,307	$ 72,400
Market value as a percentage of cost	90.40%	106.60%
Perpetual Care Trust Investments \| Accrued Investment Income
Gain (Loss) on Securities [Line Items]
Cost	$ 806	$ 689
Fair Market Value	806	689
Perpetual Care Trust Investments \| Trust Securities
Gain (Loss) on Securities [Line Items]
Cost	72,459	67,290
Unrealized Gains	4,476	8,794
Unrealized Losses	(11,434)	(4,373)
Fair Market Value	65,501	71,711
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Cost	106,798
Unrealized Gains	6,562
Unrealized Losses	(16,223)
Fair Market Value	97,137
Preneed cemetery trust investments	$ 98,269	$ 103,808
Market value as a percentage of cost	91.00%	106.20%
Preneed Cemetery Trust Investments \| Foreign Debt
Gain (Loss) on Securities [Line Items]
Cost		$ 15,846
Unrealized Gains		2,025
Unrealized Losses		(953)
Fair Market Value		16,918
Preneed Cemetery Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost		12,965
Unrealized Gains		1,374
Unrealized Losses		(49)
Fair Market Value		14,290
Preneed Cemetery Trust Investments \| Preferred Stock
Gain (Loss) on Securities [Line Items]
Cost		12,455
Unrealized Gains		1,111
Unrealized Losses		(344)
Fair Market Value		13,222
Preneed Cemetery Trust Investments \| Accrued Investment Income
Gain (Loss) on Securities [Line Items]
Cost	$ 1,132	944
Fair Market Value	1,132	944
Preneed Cemetery Trust Investments \| Trust Securities
Gain (Loss) on Securities [Line Items]
Cost		96,817
Unrealized Gains		12,039
Unrealized Losses		(5,992)
Fair Market Value		102,864
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Cash and cash equivalents
Gain (Loss) on Securities [Line Items]
Cost	5,326	1,447
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	5,326	1,447
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Common Stock
Gain (Loss) on Securities [Line Items]
Cost	28,625	27,853
Unrealized Gains	3,443	4,990
Unrealized Losses	(4,297)	(3,008)
Fair Market Value	27,771	29,835
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Cash and cash equivalents
Gain (Loss) on Securities [Line Items]
Cost	10,434	3,088
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	10,434	3,088
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Common Stock
Gain (Loss) on Securities [Line Items]
Cost	42,929	40,992
Unrealized Gains	5,102	6,906
Unrealized Losses	(6,228)	(4,079)
Fair Market Value	41,803	43,819
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Foreign Debt
Gain (Loss) on Securities [Line Items]
Cost	8,746	10,949
Unrealized Gains	600	1,401
Unrealized Losses	(470)	(647)
Fair Market Value	8,876	11,703
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost	10,540	9,139
Unrealized Gains	118	1,065
Unrealized Losses	(2,961)	(32)
Fair Market Value	7,697	10,172
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Preferred Stock
Gain (Loss) on Securities [Line Items]
Cost	9,831	9,742
Unrealized Gains	287	803
Unrealized Losses	(1,374)	(226)
Fair Market Value	8,744	10,319
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Fixed income
Gain (Loss) on Securities [Line Items]
Cost	9,046	8,141
Unrealized Gains	26	530
Unrealized Losses	(2,310)	(460)
Fair Market Value	6,762	8,211
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Equity Securities
Gain (Loss) on Securities [Line Items]
Cost	345
Unrealized Gains	2
Unrealized Losses	(22)
Fair Market Value	325
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| U.S. agency obligations
Gain (Loss) on Securities [Line Items]
Cost	803
Unrealized Gains	0
Unrealized Losses	(72)
Fair Market Value	731
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Foreign Debt
Gain (Loss) on Securities [Line Items]
Cost	12,241
Unrealized Gains	910
Unrealized Losses	(644)
Fair Market Value	12,507
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost	15,066
Unrealized Gains	104
Unrealized Losses	(4,139)
Fair Market Value	11,031
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Preferred Stock
Gain (Loss) on Securities [Line Items]
Cost	12,560
Unrealized Gains	436
Unrealized Losses	(1,789)
Fair Market Value	11,207
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Gain (Loss) on Securities [Line Items]
Cost	12,324	11,443
Unrealized Gains	10	615
Unrealized Losses	(3,310)	(567)
Fair Market Value	9,024	11,491
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Equity Securities
Gain (Loss) on Securities [Line Items]
Cost	362	28
Unrealized Gains	0	8
Unrealized Losses	(33)	0
Fair Market Value	329	$ 36
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Certificates of deposit
Gain (Loss) on Securities [Line Items]
Cost	79
Unrealized Gains	0
Unrealized Losses	(8)
Fair Market Value	$ 71

Trust Investments (Estimated maturities of the fixed income securities) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Due in one year or less	$ 776
Due in one to five years	5,361
Due in five to ten years	4,332
Thereafter	14,848
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Due in one year or less	1,176
Due in one to five years	8,655
Due in five to ten years	6,292
Thereafter	19,424
Total fixed income securities	35,547
Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Due in one year or less	1,057
Due in one to five years	7,203
Due in five to ten years	5,428
Thereafter	16,803
Total fixed income securities	$ 30,491

Trust Investments (Perpetual care trust investment security transactions recorded in Other, net) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus	$ (8,998)	$ (10,325)	$ (8,074)
Debt and Equity Securities, Gain (Loss)	(2,427)	(118)	(387)
Investment income	11,425	10,443	8,461
Perpetual Care Trust Investments \| Other Interest Income
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus	5,813	(5,945)	(5,262)
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus	(1,119)	18,174	10,168
Investment income	$ 2,219	$ 2,147	$ 2,175

Trust Investments (Perpetual care trust investment security transactions recorded in Other revenue) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Gain (Loss) on Securities [Line Items]
Investment income	$ 11,425	$ 10,443	$ 8,461
Net change in Care trusts’ corpus	(8,998)	(10,325)	(8,074)
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Investment income	2,219	2,147	2,175
Net change in Care trusts’ corpus	(1,119)	18,174	10,168
Unrealized gains (losses), net	$ (9,661)	$ 6,047	$ 5,515

Trust Investments (Purchases and sales of investments in the perpetual care trusts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Purchases	$ (4,872)	$ (28,317)	$ (38,168)
Sales	5,444	29,829	34,316
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Purchases	(8,336)	(41,414)	(48,824)
Sales	$ 8,248	$ 43,265	$ 41,178

Receivables from Preneed Funeral Trusts (Receivables from preneed funeral trust funds) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Receivables From Preneed Trusts [Abstract]
Preneed funeral trust funds, at cost	$ 20,594	$ 19,597
Less: allowance for contract cancellation	(618)	(588)
Receivables from preneed funeral trusts, net	$ 19,976	$ 19,009

Receivables from Preneed Funeral Trusts (Composition of Asset Held in Trusts) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Historical Cost Basis
Investment Holdings [Line Items]
Assets Held-in-trust	$ 20,594	$ 19,597
Historical Cost Basis \| Cash and cash equivalents
Investment Holdings [Line Items]
Assets Held-in-trust	6,071	5,595
Historical Cost Basis \| Fixed income investments
Investment Holdings [Line Items]
Assets Held-in-trust	11,795	11,386
Historical Cost Basis \| Mutual funds and common stocks
Investment Holdings [Line Items]
Assets Held-in-trust	2,725	2,611
Historical Cost Basis \| Annuities
Investment Holdings [Line Items]
Assets Held-in-trust	3	5
Fair Value
Investment Holdings [Line Items]
Assets Held-in-trust	20,309	19,668
Fair Value \| Cash and cash equivalents
Investment Holdings [Line Items]
Assets Held-in-trust	6,071	5,595
Fair Value \| Fixed income investments
Investment Holdings [Line Items]
Assets Held-in-trust	11,795	11,386
Fair Value \| Mutual funds and common stocks
Investment Holdings [Line Items]
Assets Held-in-trust	2,440	2,682
Fair Value \| Annuities
Investment Holdings [Line Items]
Assets Held-in-trust	$ 3	$ 5

Contracts Funded by Insurance (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Contracts Secured by Insurance [Abstract]
Preneed funeral contracts secured by insurance	$ 419.5	$ 403.3

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Line of Credit \| Revolving Credit Facility, Secured, Floating Rate \| Revolving Credit Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	$ 190,700	$ 155,400
Notes payable, other \| Acquisition Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	3,993	$ 4,500
Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 322,300

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Intangible and Other Non-Current Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred Costs and Other Noncurrent Assets [Abstract]
Tradenames	$ 25,610	$ 23,565
Capitalized commissions on preneed contracts, net of accumulated amortization of $2,278 and $2,990, respectively	4,048	3,560
Other	124	6
Intangible and other non-current assets, net	32,930	29,378
Accumulated amortization of other deferred costs	2,278	2,990
Amortization of deferred sales commissions	712	640	$ 580
Amortization of Intangible Assets	1,286	1,285	1,299
Capitalized Commissions
Deferred Costs and Other Noncurrent Assets [Abstract]
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,515, respectively	4,048
2023	742
2024	681
2025	616
2026	549
2027	484
Thereafter	976
Prepaid Agreements
Deferred Costs and Other Noncurrent Assets [Abstract]
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,515, respectively	1,877	2,247
Accumulated amortization	3,515	3,316
Amortization of Intangible Assets	574	645	719
2023	536
2024	391
2025	382
2026	267
2027	147
Thereafter	$ 154
Prepaid Agreements \| Minimum
Deferred Costs and Other Noncurrent Assets [Abstract]
Term of agreements not to compete	1 year
Prepaid Agreements \| Maximum
Deferred Costs and Other Noncurrent Assets [Abstract]
Term of agreements not to compete	10 years
Internal-use Software
Deferred Costs and Other Noncurrent Assets [Abstract]
Prepaid agreements not-to-compete, net of accumulated amortization of $3,316 and $3,515, respectively	$ 1,271	0
Accumulated amortization	$ 200
Amortization of Intangible Assets			$ 200
Term of agreements not to compete	5 years
2023	$ 314
2024	283
2025	226
2026	221
2027	220
Thereafter	$ 7
Trade Names
Deferred Costs and Other Noncurrent Assets [Abstract]
Tradenames acquired		$ 2,000

Credit Facility and Acquisition Debt (Senior long-term debt) (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 09, 2022	May 27, 2022	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Accumulated Amortization, Debt Issuance Costs	$ 1,926			$ 1,324
Debt Issuance Costs, Net	1,864			1,543
Less: current portion	(555)			(521)
Total acquisition debt, net of current portion	3,438			3,979
Line of Credit Facility, Remaining Borrowing Capacity	$ 57,000
Ratio Actual
Debt Instrument [Line Items]
Ratio of indebtedness to net capital (in ratio)	6.00	6.00	5.25
Notes payable, other \| Acquisition Debt
Debt Instrument [Line Items]
Long-term Debt	$ 3,993			4,500
Credit Agreement
Debt Instrument [Line Items]
Long-term Debt	190,700
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	0
Less: Interest	0
Present value of Credit Facility and acquisition debt	190,700
Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Long-term Debt	188,836			153,857
Acquisition Debt
Debt Instrument [Line Items]
Long-term Debt	5,700
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	825
Less: Interest	1,707
Present value of Credit Facility and acquisition debt	3,993
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility, Secured, Floating Rate
Debt Instrument [Line Items]
Long-term Debt	$ 190,700			$ 155,400

Credit Facility and Acquisition Debt (Narrative) (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) letter_of_credit	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Dec. 09, 2022 USD ($)	May 27, 2022 USD ($)	Nov. 22, 2021 USD ($)	May 13, 2021 USD ($)
Debt Instrument [Line Items]
Letters of Credit \| letter_of_credit	1
Debt instrument, term	77 months
Amortization of debt issuance costs	$ 552,000	$ 576,000	$ 782,000
Debt Issuance Costs, Gross	600,000							$ 200,000			$ 300,000
Line Of Credit Facility Accordion Provision	75,000,000
Line of Credit Facility, Remaining Borrowing Capacity	57,000,000
Debt Issuance Costs, Net	$ 1,864,000	1,543,000
Line of Credit \| Prime Rate Option
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)	2.375%
Line of Credit \| LIBOR Margin Option
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)	3.375%
Deferred Purchase Price Notes
Debt Instrument [Line Items]
Interest expense	$ 311,000	364,000	489,000
Deferred Purchase Price Notes \| Minimum
Debt Instrument [Line Items]
Deferred purchase price notes payable to sellers of acquired entities, discounted imputed interest rate (in Percent)	7.30%
Debt instrument, term	5 years
Deferred Purchase Price Notes \| Maximum
Debt Instrument [Line Items]
Deferred purchase price notes payable to sellers of acquired entities, discounted imputed interest rate (in Percent)	10.00%
Debt instrument, term	20 years
Credit Agreement
Debt Instrument [Line Items]
Long-term Debt	$ 190,700,000
Interest expense	7,105,000	1,820,000	3,738,000
Amortization of debt issuance costs			482,000
Letter of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		15,000,000.0
Swingline
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		10,000,000.0
Loans Payable
Debt Instrument [Line Items]
Amortization of debt issuance costs		380,000	$ 412,000
Credit Agreement Amendment
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity									$ 250,000,000
New Term Loan
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity										$ 200,000,000
Revolving Credit Facility, Secured, Floating Rate
Debt Instrument [Line Items]
Present value of future deferred payments	2,300,000
Revolving Credit Facility, Secured, Floating Rate \| Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Long-term Debt	$ 190,700,000	$ 155,400,000
Revolving Credit Facility, Secured, Floating Rate \| Revolving Credit Facility \| Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	4.00%	3.80%
Ratio Actual
Debt Instrument [Line Items]
Ratio of indebtedness to net capital (in ratio)	6.00							6.00	5.25
Ratio Actual \| Forecast
Debt Instrument [Line Items]
Ratio of indebtedness to net capital (in ratio)				5.00	5.25	5.50	5.75
Ratio Actual \| Revolving Credit Facility, Secured, Floating Rate \| Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Ratio of earnings to fixed cost obligations (in ratio)	1.20

Credit Facility and Acquisition Debt (Aggregate Maturities) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Credit Agreement
Debt Instrument [Line Items]
2023	$ 0
2024	0
2025	0
2026	190,700
2027	0
Thereafter	0
Total Credit Facility and acquisition debt	190,700
Less: Interest	0
Present value of Credit Facility and acquisition debt	190,700
Acquisition Debt
Debt Instrument [Line Items]
2023	825
2024	772
2025	772
2026	325
2027	325
Thereafter	2,681
Total Credit Facility and acquisition debt	5,700
Less: Interest	(1,707)
Present value of Credit Facility and acquisition debt	$ 3,993

Convertible Subordinated Notes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 12, 2021
Debt Instrument [Line Items]
Convertible Preferred Stock, Nonredeemable or Redeemable, Issuer Option, Value			$ 2.4
Payments for Repurchase of Redeemable Convertible Preferred Stock, Cash Payment	$ 3.8
Additional Paid-in Capital
Debt Instrument [Line Items]
Adjustments to Additional Paid in Capital, Other	(1.4)
Adjustments to Additional Paid in Capital, Other	$ 1.4
Convertible subordinated notes
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)		2.75%
Long-term Debt			$ 0.2
Interest Rate, Unamortized Debt Discount and Debt Issuance Costs, Effective Percentage	3.10%	3.10%

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Convertible Subordinated Notes (Liability and Equity Components) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Amortization of debt issuance costs	$ 552	$ 576	$ 782
Convertible subordinated notes
Debt Instrument [Line Items]
Interest expense	0	18	149
Accretion of discount	0	20	216
Amortization of debt issuance costs	$ 0	$ 1	$ 20

Senior Notes (Details) - USD ($)		12 Months Ended
Senior Notes (Details) - USD ($)	May 31, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	May 13, 2021
Debt Instrument [Line Items]
Debt instrument, term		77 months
Debt Instrument, Redemption Period		180 days
Amortization of debt issuance costs		$ 552,000	$ 576,000	$ 782,000
Senior Note Two
Debt Instrument [Line Items]
Amortization of Debt Discount (Premium)		0	85,000	221,000
Senior notes
Debt Instrument [Line Items]
Principal amount		400,000,000			$ 400,000,000
Long-term debt, fair value		322,300,000
Interest expense		16,980,000	21,767,000	26,500,000
Amortization of Debt Discount (Premium)		493,000	504,000	528,000
Amortization of debt issuance costs		$ 140,000	195,000	$ 280,000
Senior notes \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt redemption price (percent)	102.13%
Senior notes \| Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Debt redemption price (percent)	101.06%
Senior notes \| Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Debt redemption price (percent)	100.00%
Senior notes \| Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	40.00%
Senior notes \| Debt Instrument, Redemption, Period Five
Debt Instrument [Line Items]
Debt redemption price (percent)	104.25%	101.00%
Senior notes \| Debt Instrument, Redemption, Period Six
Debt Instrument [Line Items]
Debt redemption price (percent)		100.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	50.00%
Senior notes \| Senior Note One
Debt Instrument [Line Items]
Debt Instrument, Discount Rate		4.42%
Senior notes \| Senior Note Two
Debt Instrument [Line Items]
Principal amount		$ 400,000,000	$ 400,000,000
Debt Instrument, Unamortized Debt Issuance Costs		4.30%
Senior Notes 4.25% \| Senior Note Two
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)					4.25%

Senior Notes Carrying value of the Senior Notes (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	May 13, 2021
Debt Instrument [Line Items]
Debt issuance costs, net of accumulated amortization of $86 and $226, respectively	$ (1,864,000)	$ (1,543,000)
Accumulated Amortization, Debt Issuance Costs	1,926,000	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 $794, respectively	(3,706,000)	(4,199,000)
Debt issuance costs, net of accumulated amortization of $86 and $226, respectively	(1,051,000)	(1,191,000)
Carrying value of the Senior Notes	395,243,000	394,610,000
Accumulated Amortization, Debt Discount	794,000	301,000
Accumulated Amortization, Debt Issuance Costs	226,000	86,000
Senior notes \| Senior Note Two
Debt Instrument [Line Items]
Principal amount	$ 400,000,000	$ 400,000,000

Senior Notes Aggregate Maturities (Details) - Senior notes - USD ($)	Dec. 31, 2022	Dec. 31, 2021	May 13, 2021
Principal Maturity
2023	$ 0
2024	0
2025	0
2026	0
2027	0
Thereafter	400,000,000
Principal Maturity	400,000,000		$ 400,000,000
Discount Amortization
2020	(515,000)
2021	(539,000)
2022	(563,000)
2023	(588,000)
2024	(615,000)
Thereafter	(886,000)
Discount Amortization	(3,706,000)	$ (4,199,000)
Carrying Value
2020	(515,000)
2021	(539,000)
2022	(563,000)
2023	(588,000)
2024	(615,000)
Thereafter	399,114,000
Carrying Value	$ 396,294,000

Leases - Additional Information (Details) $ in Millions	Dec. 31, 2022 USD ($)
Leases [Abstract]
Leasehold Improvement Allowance	$ 1.4

Leases - Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Lease Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 3,375	$ 3,762	$ 3,795
Short-term lease cost	329	193	185
Variable lease cost	324	160	39
Depreciation of leased assets	438	438	439
Interest on lease liabilities	442	471	496
Total finance lease cost	880	909	935
Total lease cost	$ 4,908	$ 5,024	$ 4,954

Leases - Cash flow (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Cash flow (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Cash paid for operating leases included in operating activities	$ 3,671	$ 3,822	$ 3,383
Cash paid for finance leases included in financing activities	$ 868	$ 835	$ 828

Leases - Right-of-use Assets Obtained in Exchange for New Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 674	$ (1,313)
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 0	$ 0

Leases - Carrying Values of Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets	$ 17,060	$ 17,881
Finance lease right-of-use assets	6,770	6,770
Accumulated depreciation	(2,881)	(2,443)
Finance lease right-of-use assets, net	3,889	4,327
Current portion of operating lease obligations	2,203	1,913
Current portion of finance lease obligations	414	375
Total current lease liabilities	2,617	2,288
Obligations under operating leases, net of current portion	17,315	18,520
Finance lease non-current liabilities	4,743	5,157
Total non-current lease liabilities	22,058	23,677
Total lease liabilities	$ 24,675	$ 25,965
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net	Property, plant and equipment, net
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of debt and lease obligations	Current portion of debt and lease obligations
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of debt and lease obligations	Current portion of debt and lease obligations

Leases - Lease Term and Discount Rate (Details)	Dec. 31, 2022
Weighted-average remaining lease term (years)
Operating leases	8 years 9 months 18 days
Finance leases	11 years 4 months 24 days
Weighted-average discount rate
Operating leases	8.10%
Finance leases	8.20%

Leases - Maturities of Operating and Financing Lease Liabilities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Operating
2023	$ 3,687
2024	3,660
2025	3,379
2026	3,274
2027	3,201
Thereafter	9,916
Total lease payments	27,117
Less: Interest	(7,599)
Present value of lease liabilities	19,518
Finance
2023	870
2024	791
2025	736
2026	746
2027	746
Thereafter	4,063
Total lease payments	7,952
Less: Interest	(2,795)
Present value of lease liabilities	$ 5,157

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Matching contributions and plan administrative expenses	$ 2.8	$ 2.5	$ 2.3
Minimum \| Prepaid Agreements
Loss Contingencies [Line Items]
Agreements, Term of Contract	1 year
Minimum \| Consulting Agreement
Loss Contingencies [Line Items]
Agreements, Term of Contract	1 year
Minimum \| Employment Agreement
Loss Contingencies [Line Items]
Agreements, Term of Contract	3 years
Maximum \| Prepaid Agreements
Loss Contingencies [Line Items]
Agreements, Term of Contract	10 years
Maximum \| Consulting Agreement
Loss Contingencies [Line Items]
Agreements, Term of Contract	5 years
Maximum \| Employment Agreement
Loss Contingencies [Line Items]
Agreements, Term of Contract	5 years

Commitments and Contingencies (Non-Compete, Consulting and Employment Agreements) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Other Commitments [Line Items]
2020	$ 8,194
2021	7,028
2022	5,107
2023	2,561
2024	1,621
Thereafter	841
Total	25,352
Prepaid Agreements
Other Commitments [Line Items]
2020	2,473
2021	1,842
2022	1,469
2023	1,026
2024	546
Thereafter	621
Total	7,977
Consulting Agreement
Other Commitments [Line Items]
2020	950
2021	526
2022	348
2023	235
2024	75
Thereafter	95
Total	2,229
Employment Agreement
Other Commitments [Line Items]
2020	4,771
2021	4,660
2022	3,290
2023	1,300
2024	1,000
Thereafter	125
Total	$ 15,146

Income Taxes (Provision of Income Taxes from Continuing Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
U. S. federal provision	$ 9,490	$ 8,848	$ 1,778
State provision	3,287	2,989	2,177
Total current provision	12,777	11,837	3,955
Deferred:
U. S. federal provision (benefit)	1,723	(452)	3,994
State provision (benefit)	1,313	(240)	603
Total deferred provision (benefit)	3,036	(692)	4,597
Total income tax provision	$ 15,813	$ 11,145	$ 8,552

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal statutory rate	$ 12,000	$ 9,304	$ 5,175
Federal statutory rate (as a percent)	21.00%	21.00%	21.00%
Effect of state income taxes, net of federal benefit	$ 3,630	$ 2,180	$ 2,080
Effect of state income taxes, net of federal benefit (as a percent)	6.30%	4.90%	8.40%
Effect of non-deductible expenses and other, net	$ 59	$ (423)	$ 460
Effectof non-deductible expenses and other, net (as a percent)	0.10%	(1.00%)	1.90%
Effective Income Tax Rate Reconciliation, Disposition of Business, Amount	$ 138	$ 103	$ 846
Effective Income Tax Rate Reconciliation, Disposition of Business, Percent	0.20%	0.20%	3.40%
Change in valuation allowance, net of federal benefit	$ (14)	$ (19)	$ (9)
Change in valuation allowance (as a percent)	0.00%	0.00%	0.00%
Total income tax provision	$ 15,813	$ 11,145	$ 8,552
Income tax expense (benefit) (as a percent)	27.60%	25.10%	34.70%

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred income tax assets:
Net operating loss carryforwards	$ 839	$ 1,268
Interest expense limitation	3,506	2,777
Tax credit carryforwards	75	88
State depreciation	1,297	1,195
Accrued and other liabilities	8,606	7,552
Amortization of non-compete agreements	1,213	1,172
Prepaid assets	0	616
Total deferred income tax assets	15,536	14,668
Less valuation allowance	(181)	(198)
Total deferred income tax assets	15,355	14,470
Deferred income tax liabilities:
Depreciation and amortization	(61,432)	(56,030)
Preneed liabilities	(2,582)	(4,224)
Prepaid assets	(161)	0
Total deferred income tax liabilities	(64,175)	(60,254)
Deferred Tax Liabilities, Net	$ (48,820)	$ (45,784)

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands						12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Aug. 07, 2021	Dec. 04, 2020	Nov. 03, 2020	May 10, 2017	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Proceeds from Income Tax Refunds		$ 7,000	$ 800	$ 1,200	$ 1,900
Decrease in reserve for uncertain tax positions	$ 500
Operating Loss Carryforwards						$ 17,300
Unrecognized tax benefits						3,294	$ 3,761	$ 3,656	$ 691
Unrecognized Tax Benefits, Interest on Income Taxes Expense						100	100
Unrecognized Tax Benefits, Interest on Income Taxes Accrued						$ 200	$ 100

Income Taxes (Schedule of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefit at beginning of year	$ 3,761	$ 3,656	$ 691
Gross decreases - tax positions in prior period	(533)	0	(691)
Gross increases - tax positions in current period	66	105	3,656
Unrecognized tax benefit at end of year	$ 3,294	$ 3,761	$ 3,656

Stockholders' Equity (Narrative) (Details)													3 Months Ended												12 Months Ended
Stockholders' Equity (Narrative) (Details)	Apr. 01, 2022 $ / shares	Feb. 23, 2022 $ / shares shares	Feb. 19, 2022 USD ($) shares	Nov. 29, 2021 $ / shares	Sep. 15, 2021 $ / shares	Aug. 12, 2021 $ / shares	Jun. 01, 2021 USD ($) $ / shares	Apr. 16, 2021 $ / shares	Feb. 17, 2021 shares	Jun. 25, 2020 shares	May 19, 2020 shares	Feb. 19, 2020 USD ($) shares	Dec. 31, 2022 USD ($) plan $ / shares shares	Sep. 30, 2022 USD ($) $ / shares	Jun. 30, 2022 USD ($) $ / shares	Mar. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Sep. 30, 2021 USD ($) $ / shares	Jun. 30, 2021 USD ($) $ / shares	Mar. 31, 2021 USD ($) $ / shares	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2025 shares	Dec. 31, 2022 USD ($) plan $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares) \| shares													80,000,000				80,000,000									80,000,000	80,000,000
Common stock, par value (in dollars per share) \| $ / shares													$ 0.01				$ 0.01									$ 0.01	$ 0.01
Common stock, shares issued (in shares) \| shares													26,359,876				26,264,245									26,359,876	26,264,245
Treasury Stock, Shares \| shares													11,627,818				10,932,322									11,627,818	10,932,322
Stock options awarded (in shares) \| shares																										381,000
Grants, weighted average exercise price (in usd per share) \| $ / shares																										$ 8.86
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number \| shares													201,000													201,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period \| shares																										43,000
Unrecognized share based compensation cost													$ 235,000													$ 235,000
Unrecognized share based compensation, expected term (in years)																										9 months 18 days
Issuance of common stock from employee stock purchase plan (in shares) \| shares																										52,053	61,904	71,908
Weighted average purchase price of ESPP shares purchased during the period (in dollars per share) \| $ / shares																										$ 32.38	$ 26.32	$ 16.71
Dividends declared per share (in dollars per share) \| $ / shares													$ 0.1125	$ 0.1125	$ 0.1125	$ 0.1125										$ 0.4500	$ 0.4125	$ 0.3375
Dividends declared, common stock, amount													$ 1,655,000	$ 1,653,000	$ 1,730,000	$ 1,725,000	$ 1,873,000	$ 1,783,000	$ 1,808,000	$ 1,799,000
Common Stock, Dividends, Per Share, Cash Paid \| $ / shares																	$ 0.1125	$ 0.1000	$ 0.1000	$ 0.1000
Number of Stock Benefit Plans \| plan													2													2
Exercise of stock options, shares \| shares																										32,196	423,294	40,365
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Period Increase (Decrease) \| shares																										18,797	211,088	18,640
Share-based Compensation Arrangement by Share-based Payment Award, Options, Returned for Payroll Taxes \| shares																										2,895	43,534	2,954
Exercisable at end of year (in usd per share) \| $ / shares													$ 27.60													$ 27.60
Exercised (in usd per share) \| $ / shares																										$ 25.49	$ 21.99	$ 13.72
Common stock outstanding (in shares) \| shares													14,732,058				15,331,923									14,732,058	15,331,923
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares																										$ 17.03
Canceled or expired (in usd per share) \| $ / shares																										$ 11.43
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares \| shares													976,000				839,000									976,000	839,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value \| $ / shares													$ 12.83				$ 9.90									$ 12.83	$ 9.90
Grants, weighted average exercise price (in usd per share) \| $ / shares																										48.89
Good to Great Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares) \| shares			27,448									17,991															0
Total intrinsic value of options exercised			$ 1,358,000,000									$ 449,000,000															$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value \| $ / shares																										$ 49.48		$ 25.00
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value													$ 1,200,000													$ 1,200,000
Contractual term of all options granted																										7 years
Stock options awarded (in shares) \| shares		310,000							701,400	20,000						58,500										12,600
Total intrinsic value of options exercised																										$ 580,000	8,229,000	$ 517,000
Total fair value of stock options vested																										1,784,000	1,413,000	735,000
Unrecognized share based compensation cost													$ 9,500,000													$ 9,500,000
Unrecognized share based compensation, expected term (in years)																										5 years
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation																										$ 123,000	2,272,000	89,000
Proceeds from Stock Options Exercised																										60,000	1,013,000	19,000
Share based compensation expense																										$ 2,284,000	$ 2,355,000	$ 669,000
Dividend yield		0.91%							1.15%	1.67%						0.91%										1.43%
Expected volatility		34.35%							36.72%	38.54%						33.18%										43.68%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		1.98%							0.57%	0.25%						1.89%										4.29%
Employee Stock Option \| Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares) \| shares																										58,500	701,400	0
Value of stock options granted																										$ 959,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value																											$ 7,115,000	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period \| shares																										45,590	74,688	146,034
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures Fair Valueriod																										$ 512,000	$ 722,000	$ 846,000
Grants, weighted average exercise price (in usd per share) \| $ / shares																										$ 49.48	$ 34.79
Employee Stock Option \| Monte-Carlo Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares) \| shares																										0	150,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value																										$ 0	$ 1,684,000	$ 0
Grants, weighted average exercise price (in usd per share) \| $ / shares																											$ 34.79
Employee Stock Option \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term of all options granted																										10 years
Employee Stock Option \| Maximum \| 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, Number Available To Vest \| shares																	100,000										100,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Vesting, Common Stock Price \| $ / shares																	$ 77.34										$ 77.34
Employee Stock Option \| Minimum \| 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, Number Available To Vest \| shares																	50,000										50,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Vesting, Common Stock Price \| $ / shares																	$ 53.39										$ 53.39
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price percentage of grant date price per share (as a percent)																										85.00%
Share based compensation expense																										$ 545,000	$ 552,000	$ 434,000
Dividend yield																										0.01%	0.01%	1.50%
Expected volatility																										30.20%	48.10%	48.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate													40.00%	31.00%	22.00%	8.00%	10.00%	10.00%	9.00%	9.00%	156.00%	157.00%	157.00%	154.00%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancellations ( in usd per share) \| $ / shares																										$ 32.28
Cancellations (in shares) \| shares																										(1,950)
Share based compensation expense																										$ 171,000	$ 390,000	$ 735,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value \| $ / shares													$ 31.05				$ 27.21									$ 31.05	$ 27.21
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards (in shares) \| shares																										0	9,300	10,200
Awards granted, aggregate grant date market value																										$ 0	$ 324,000	$ 255,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation \| shares																										4,136	10,399	10,588
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation																										$ 205,000	$ 375,000	$ 250,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period, Fair Value																										$ 63,000	$ 27,000	$ 0
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited \| shares																										1,950	966	0
Awards ( in usd per share) \| $ / shares																											$ 34.79	$ 25.00
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancellations ( in usd per share) \| $ / shares																										$ 9.59
Cancellations (in shares) \| shares																										(30,743)	(55,896)	(33,538)
Unrecognized share based compensation cost													$ 5,600,000													$ 5,600,000
Unrecognized share based compensation, expected term (in years)																										24 months
Awards (in shares) \| shares																										27,013	55,302	30,743
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Granted In Period, Fair Value																										$ 1,262,000	$ 2,116,000	$ 733,000
Share-based Payment Arrangement, Plan Modification, Incremental Cost							$ 2,600,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period, Fair Value																										$ 295,000	$ 799,000	631,000
Expected volatility	44.44%	43.99%		45.50%	43.44%	42.85%	41.79%	41.17%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.55%	1.75%		0.85%	0.49%	0.53%	0.46%	0.52%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value \| $ / shares													$ 20.95				$ 21.76									$ 20.95	$ 21.76
Grants, weighted average exercise price (in usd per share) \| $ / shares	$ 52.49	$ 49.48		$ 51.15	$ 45.27	$ 39.48	$ 38.78	$ 35.83
Awards ( in usd per share) \| $ / shares																										$ 46.71
Performance Shares \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards (in shares) \| shares																									995,873
Officers And Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Directors compensation expense																										$ 2,524,000,000	$ 1,573,000,000	894,000,000
Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Directors compensation expense																										$ 718,000	$ 858,000	$ 889,000
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares) \| shares																										11,155	14,744	30,883
Value of stock options granted																										$ 415,000	$ 622,000	$ 654,000
Cancellations ( in usd per share) \| $ / shares																										$ 37.14	$ 42.14	$ 21.16
Director Compensation, Quarterly Installment Of Annual Cash Retainer			35,000
Share Based Compensation Arrangement By Share Based Payment Award, Admission Grant			25,000
Share Based Compensation Arrangement By Share Based Payment Award, Quarterly Retainer			18,750
Advsior
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares) \| shares																										555	466	967
Value of stock options granted																										$ 20,000	$ 20,000	$ 20,000
Employees \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards (in shares) \| shares											368,921																	237,500
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Granted In Period, Fair Value																												$ 2,800,000
Share-based Payment Arrangement, Plan Modification, Incremental Cost																												$ 1,700,000
Lead Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Director Compensation, Quarterly Installment Of Annual Cash Retainer			2,500
Share Based Compensation Arrangement By Share Based Payment Award, Additional Installment of Annual Cash Retainer			10,000
Chairman of Audit Committee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Director Compensation, Quarterly Installment Of Annual Cash Retainer			2,500
Share Based Compensation Arrangement By Share Based Payment Award, Additional Installment of Annual Cash Retainer			10,000
Chairman of Corporate Governance
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Director Compensation, Quarterly Installment Of Annual Cash Retainer			1,250
Share Based Compensation Arrangement By Share Based Payment Award, Additional Installment of Annual Cash Retainer			5,000
Chairman of Compensation Commitee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Director Compensation, Quarterly Installment Of Annual Cash Retainer			1,250
Share Based Compensation Arrangement By Share Based Payment Award, Additional Installment of Annual Cash Retainer			$ 5,000
Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate																											1.29%
Share-based Payment Arrangement, Tranche Two \| Employee Stock Option \| Monte-Carlo Pricing Model
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield																											1.15%
Expected volatility																											34.08%
Seven Year Vesting Period \| Employee Stock Option \| Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares) \| shares																										310,000	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value																										$ 5,388,000	$ 0	$ 0
Three Year Vesting Period \| Employee Stock Option \| Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares) \| shares																										12,600	0	20,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Options, Grants in Period, Aggregate Grant Date Market Value																										$ 143,000	$ 0	$ 92,000
Grants, weighted average exercise price (in usd per share) \| $ / shares																										$ 31.58		$ 18.02

Stockholders' Equity (Status of stock based compensation plans) (Details) - shares	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding (in shares)	1,568,000	1,265,000
2017 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2,137,048

Stockholders' Equity (Assumptions using the Black-Scholes option pricing model) (Details) - $ / shares					3 Months Ended	12 Months Ended
	Sep. 27, 2022	Feb. 23, 2022	Feb. 17, 2021	Jun. 25, 2020	Mar. 31, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price	$ 11.35		$ 10.14	$ 4.61	$ 17.38	$ 16.39
Stock options awarded (in shares)						381,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield		0.91%	1.15%	1.67%	0.91%	1.43%
Expected volatility		34.35%	36.72%	38.54%	33.18%	43.68%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		1.98%	0.57%	0.25%	1.89%	4.29%
Expected life (years)	4 years 1 month 6 days	7 years	5 years	3 years 8 months 12 days	5 years
Stock options awarded (in shares)		310,000	701,400	20,000	58,500	12,600

Stockholders' Equity (Summary of Options) (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended	12 Months Ended
	Feb. 23, 2022	Feb. 17, 2021	Jun. 25, 2020	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of period (in shares)				1,265,000	1,265,000
Granted (in shares)					381,000
Exercised (in shares)					(32,196)	(423,294)	(40,365)
Canceled or expired (in shares)					(46,000)
Outstanding at end of year (in shares)					1,568,000	1,265,000
Exercisable at end of year (in shares)					592,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding at beginning of period (in usd per share)				$ 30.94	$ 30.94
Granted (in usd per share)					48.89
Exercised (in usd per share)					25.49	$ 21.99	$ 13.72
Canceled or expired (in usd per share)					37.34
Outstanding at end of year (in usd per share)					35.23	$ 30.94
Exercisable at end of year (in usd per share)					$ 27.60
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value					$ 1.2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value					$ 1.3
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted (in shares)	310,000	701,400	20,000	58,500	12,600

Stockholders' Equity (Outstanding stock options) (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Range Of Exercise Prices, $18.02-18.02
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of outstanding options at end of year (in shares) \| shares	13,333
Weighted-average remaining contractual life, options outstanding	2 years 5 months 23 days
Weighted average exercise price, options outstanding (in usd per share)	$ 18.02
Number of exercisable options at end of year (in shares) \| shares	6,667,000
Weighted average exercise price, options exercisable (in usd per share)	$ 18.02
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Remaining Contractual Term	2 years 5 months 23 days
Exercise price range, lower range limit (in usd per share)	$ 4.78
Exercise price range, upper range limit (in usd per share)	$ 5.94
Range Of Exercise Prices, $20.06-26.54
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of outstanding options at end of year (in shares) \| shares	435,535
Weighted-average remaining contractual life, options outstanding	4 years 2 months 8 days
Weighted average exercise price, options outstanding (in usd per share)	$ 24.85
Number of exercisable options at end of year (in shares) \| shares	415,569,000
Weighted average exercise price, options exercisable (in usd per share)	$ 24.82
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Remaining Contractual Term	4 years 1 month 24 days
Exercise price range, lower range limit (in usd per share)	$ 16.73
Exercise price range, upper range limit (in usd per share)	$ 20.49
Range Of Exercise Prices, $31.58-31.58
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of outstanding options at end of year (in shares) \| shares	12,600
Weighted-average remaining contractual life, options outstanding	9 years 9 months
Weighted average exercise price, options outstanding (in usd per share)	$ 31.58
Number of exercisable options at end of year (in shares) \| shares	0
Weighted average exercise price, options exercisable (in usd per share)	$ 0
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Remaining Contractual Term	0 years
Range of Exercise Prices, $34.79-49.88
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of outstanding options at end of year (in shares) \| shares	1,107,000
Weighted-average remaining contractual life, options outstanding	8 years 5 months 19 days
Weighted average exercise price, options outstanding (in usd per share)	$ 39.56
Number of exercisable options at end of year (in shares) \| shares	169,980,000
Weighted average exercise price, options exercisable (in usd per share)	$ 34.79
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Remaining Contractual Term	8 years 1 month 20 days
Exercise price range, lower range limit (in usd per share)	$ 22.58
Exercise price range, upper range limit (in usd per share)	$ 26.93
Range of Exercise Prices, $18.02-49.48
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of outstanding options at end of year (in shares) \| shares	1,568,468
Weighted-average remaining contractual life, options outstanding	7 years 2 months 26 days
Weighted average exercise price, options outstanding (in usd per share)	$ 35.23
Number of exercisable options at end of year (in shares) \| shares	592,216,000
Weighted average exercise price, options exercisable (in usd per share)	$ 27.60
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Remaining Contractual Term	5 years 3 months 7 days
Exercise price range, lower range limit (in usd per share)	$ 4.78
Exercise price range, upper range limit (in usd per share)	$ 26.93

Stockholders' Equity (Four quarterly assumptions for fair value of the right (option) to purchase shares under ESPP) (Details) - Employee Stock Purchase Plan	3 Months Ended												12 Months Ended
	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield													0.01%	0.01%	1.50%
Expected volatility													30.20%	48.10%	48.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	40.00%	31.00%	22.00%	8.00%	10.00%	10.00%	9.00%	9.00%	156.00%	157.00%	157.00%	154.00%
Expected life (years)	1 year	9 months	6 months	3 months	1 year	9 months	6 months	3 months	1 year	9 months	6 months	3 months

Stockholders' Equity (Summary of unvested restricted stock awards) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Unvested at beginning of year ( in usd per share)	$ 9.90
Unvested at beginning of year ( in usd per share)	$ 12.83	$ 9.90
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Awards (in shares)	0	9,300	10,200
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Awards ( in usd per share)		$ 34.79	$ 25.00
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested at beginning of year (in shares)	22,643
Vestings (in shares)	(13,111)
Cancellations (in shares)	(1,950)
Unvested at end of year (in shares)	7,582	22,643
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Unvested at beginning of year ( in usd per share)	$ 27.21
Vestings ( in usd per share)	24.23
Cancellations ( in usd per share)	32.28
Unvested at beginning of year ( in usd per share)	$ 31.05	$ 27.21

Stockholders' Equity Performance Awards (Details) - USD ($) $ / shares in Units, $ in Thousands									12 Months Ended
	Apr. 01, 2022	Feb. 23, 2022	Nov. 29, 2021	Sep. 15, 2021	Aug. 12, 2021	Jun. 01, 2021	Apr. 16, 2021	May 19, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
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, Nonvested, Weighted Average Grant Date Fair Value									$ 12.83	$ 9.90
Grants, weighted average exercise price (in usd per share)									$ 48.89
Performance Shares
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									27,013	55,302	30,743
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value									$ 20.95	$ 21.76
Expected life (years)	2 years 9 months	2 years 10 months 6 days	3 years 1 month 2 days	3 years 3 months 14 days	3 years 4 months 20 days	3 years 6 months 29 days	3 years 8 months 15 days
Grants, weighted average exercise price (in usd per share)	$ 52.49	$ 49.48	$ 51.15	$ 45.27	$ 39.48	$ 38.78	$ 35.83
Expected volatility	44.44%	43.99%	45.50%	43.44%	42.85%	41.79%	41.17%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.55%	1.75%	0.85%	0.49%	0.53%	0.46%	0.52%
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Granted In Period, Fair Value									$ 1,262	$ 2,116	$ 733
Cancellations (in shares)									(30,743)	(55,896)	(33,538)
Awards ( in usd per share)									$ 46.71
Cancellations ( in usd per share)									$ 9.59
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number									432,036	435,766
Share-based Payment Arrangement, Plan Modification, Incremental Cost						$ 2,600
Performance Shares \| Employees
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								368,921			237,500
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Granted In Period, Fair Value											$ 2,800
Share-based Payment Arrangement, Plan Modification, Incremental Cost											$ 1,700
Restricted Stock
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, Nonvested, Weighted Average Grant Date Fair Value									$ 31.05	$ 27.21
Cancellations (in shares)									(1,950)
Vestings ( in usd per share)									$ 24.23
Cancellations ( in usd per share)									$ 32.28
Vestings (in shares)									(13,111)

Share Repurchase Program (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Jan. 01, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 23, 2022
Class of Stock Disclosures [Abstract]
Increase to share repurchase program					$ 75,000
Authorized amount					$ 265,000
Treasury stock acquired, shares		695,496	2,906,983	0
Average cost per share (in usd per share)		$ 49.22	$ 49.01	$ 0
Payments for repurchase of equity		$ 34,234	$ 142,469	$ 0
Number of shares repurchased (in shares)		37,408
Stock repurchased	$ 2,400	$ 34,234	$ 142,469
Amount authorized for additional repurchases		$ 48,900

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (Loss) from Continuing Operations Attributable to Parent	$ 41,381	$ 33,159	$ 16,090
Less: Earnings allocated to unvested restricted stock	(26)	(53)	(46)
Income attributable to common stockholders	$ 41,355	$ 33,106	$ 16,044
Denominator for basic earnings per common share - weighted average shares outstanding (in shares)	14,857	17,409	17,872
Effect of dilutive securities: Stock options (in shares)	$ 183	$ 475	$ 196
Effect of dilutive securities: Convertible notes (in shares)	0	0	9
Denominator for diluted earnings per common share - weighted average shares outstanding (in shares)	15,710	18,266	18,077
Basic earnings per common share (in dollars per share)	$ 2.78	$ 1.90	$ 0.90
Diluted earnings per common share (in dollars per share)	$ 2.63	$ 1.81	$ 0.89
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of dilutive securities: Performance awards (in shares)	670	382	0

Earnings Per Share (Narrative) (Details) - shares	12 Months Ended
Earnings Per Share (Narrative) (Details) - shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from earnings per share	311,143	0
Effect of dilutive securities: Convertible notes (in shares)	0	0	9,000

Segment Reporting (Revenue, pre-tax income and total assets by segments) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) numberOfOperatingLocation	Dec. 31, 2021 USD ($) numberOfOperatingLocation	Dec. 31, 2020 USD ($) numberOfOperatingLocation	Dec. 31, 2019 USD ($)
Segment Reporting Information [Line Items]
Revenues	$ 370,174	$ 375,886	$ 329,448
Operating income (loss):	79,726	93,660	57,227
Income (loss) before income taxes:	57,194	44,304	24,642
Depreciation and amortization:	19,799	20,520	19,389
Interest expense:	25,895	25,445	32,515
Income tax expense (benefit):	15,813	11,145	8,552
Total assets:	1,192,950	1,178,631		$ 1,145,825
Long-lived assets:	825,343	791,418		792,705
Goodwill	410,137	391,972	392,978	392,978
Capital expenditures:	$ 26,081	$ 24,883	$ 15,198
Number of operating locations at year end: \| numberOfOperatingLocation	203	201	210
Services
Segment Reporting Information [Line Items]
Revenues	$ 181,271	$ 180,572	$ 164,984
Merchandise
Segment Reporting Information [Line Items]
Revenues	103,359	105,764	95,565
Cemetery interment rights
Segment Reporting Information [Line Items]
Revenues	58,611	61,957	44,065
Other revenue
Segment Reporting Information [Line Items]
Revenues	26,933	27,593	24,834
Funeral
Segment Reporting Information [Line Items]
Revenues	266,903	270,087	249,138
Operating income (loss):	82,080	88,591	57,622
Income (loss) before income taxes:	85,196	88,015	56,875
Depreciation and amortization:	11,591	11,062	11,586
Interest expense:	753	835	1,004
Income tax expense (benefit):	23,555	22,141	19,738
Total assets:	779,500	769,539		764,535
Long-lived assets:	630,599	611,181		619,588
Goodwill	355,654	344,823		345,829
Capital expenditures:	$ 14,917	$ 11,511	$ 6,997
Number of operating locations at year end: \| numberOfOperatingLocation	171	170	178
Funeral \| Services
Segment Reporting Information [Line Items]
Revenues	$ 163,904	$ 164,082	$ 150,283
Funeral \| Merchandise
Segment Reporting Information [Line Items]
Revenues	89,052	92,023	84,787
Funeral \| Cemetery interment rights
Segment Reporting Information [Line Items]
Revenues	0	0	0
Funeral \| Other revenue
Segment Reporting Information [Line Items]
Revenues	13,947	13,982	14,068
Cemetery
Segment Reporting Information [Line Items]
Revenues	103,271	105,799	80,310
Operating income (loss):	35,095	40,353	26,859
Income (loss) before income taxes:	35,126	40,473	27,087
Depreciation and amortization:	7,584	8,217	6,376
Interest expense:	0	0	13
Income tax expense (benefit):	9,712	10,181	9,401
Total assets:	396,389	390,344		366,964
Long-lived assets:	190,226	176,398		172,122
Goodwill	54,483	47,149		47,149
Capital expenditures:	$ 10,566	$ 9,704	$ 7,025
Number of operating locations at year end: \| numberOfOperatingLocation	32	31	32
Cemetery \| Services
Segment Reporting Information [Line Items]
Revenues	$ 17,367	$ 16,490	$ 14,701
Cemetery \| Merchandise
Segment Reporting Information [Line Items]
Revenues	14,307	13,741	10,778
Cemetery \| Cemetery interment rights
Segment Reporting Information [Line Items]
Revenues	58,611	61,957	44,065
Cemetery \| Other revenue
Segment Reporting Information [Line Items]
Revenues	12,986	13,611	10,766
Corporate
Segment Reporting Information [Line Items]
Operating income (loss):	(37,449)	(35,284)	(27,254)
Income (loss) before income taxes:	(63,128)	(84,184)	(59,320)
Depreciation and amortization:	624	1,241	1,427
Interest expense:	25,142	24,610	31,498
Income tax expense (benefit):	(17,454)	(21,177)	(20,587)
Total assets:	17,061	18,748		14,326
Long-lived assets:	4,518	3,839		995
Goodwill	0	0		$ 0
Capital expenditures:	$ 598	$ 3,668	$ 1,176
Number of operating locations at year end: \| numberOfOperatingLocation	0	0	0

Supplementary Data (Balance Sheet Disclosures) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Prepaids and other current assets:
Prepaid and other current assets	$ 4,077	$ 2,215
Other current assets	149	125
Total prepaid and other current assets	4,733	6,404
Current portion of acquisition debt	555	521
Current portion of finance lease obligations	414	375
Current portion of operating lease obligations	2,203	1,913
Total current portion of debt and lease obligations	3,172	2,809
Accrued and other liabilities:
Incentive compensation	12,140	19,121
Insurance	3,051	4,089
Unrecognized tax benefit	3,294	3,761
Vacation	3,430	3,334
Natural disaster liability	0	2,628
Interest	2,329	2,250
Salaries and wages	2,263	2,193
Employer payroll tax deferral	0	1,773
Employee meetings and award trips	746	1,462
Income tax payable	459	485
Commissions	743	684
Perpetual care trust payable	222	389
Ad valorem and franchise taxes	455	450
Other accrued liabilities	1,489	1,154
Total accrued and other liabilities	30,621	43,773
Other long-term liabilities:
Incentive compensation	2,541	1,291
Other long-term liabilities	524	128
Other long-term liabilities	3,065	1,419
Domestic Tax Authority
Prepaids and other current assets:
State income tax receivable	$ 507	$ 4,064

Supplemental Disclosure of Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Information [Abstract]
Cash paid for interest and financing costs	$ 24,456	$ 24,127	$ 30,935
Cash paid (refunded) for taxes	9,713	16,110	(4,457)
Unsettled share repurchases	0	2,429	0
Contribution of Property	$ 0	$ 635	$ 0

Subsequent Events SUBSEQUENT EVENTS (Details) $ in Millions		12 Months Ended
Subsequent Events SUBSEQUENT EVENTS (Details) $ in Millions	Jan. 31, 2023 USD ($) business	Dec. 31, 2021 divestiture
Subsequent Event [Line Items]
Number of businesses sold \| divestiture		1
Subsequent Event \| TEXAS \| Discontinued Operations, Disposed of by Sale
Subsequent Event [Line Items]
Consideration for funeral homes and cemeteries sold \| $	$ 0.8
Subsequent Event \| TEXAS \| Discontinued Operations, Disposed of by Sale \| Funeral Homes
Subsequent Event [Line Items]
Number of businesses sold	1
Subsequent Event \| TEXAS \| Discontinued Operations, Disposed of by Sale \| Cemeteries
Subsequent Event [Line Items]
Number of businesses sold	2

Valuation and Qualifying Accounts Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for credit losses, current portion
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	$ 990	$ 1,287	$ 849
Charged to costs and expenses	1,821	1,240	1,617
Deduction	1,798	1,537	1,179
Balance at end of year	1,013	990	1,287
Allowance for credit losses of preneed cemetery receivables, non-current portion
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	1,079	1,644	1,290
Charged to costs and expenses	997	543	701
Deduction	793	1,108	347
Balance at end of year	1,283	1,079	1,644
Employee severance accruals
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	641	162	837
Charged to costs and expenses	1,880	1,431	596
Deduction	1,361	952	1,271
Balance at end of year	1,160	641	162
Valuation allowance of the deferred tax asset
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	198	222	233
Charged to costs and expenses	0	0	0
Deduction	17	24	11
Balance at end of year	$ 181	$ 198	$ 222

Trust Investments (Unrealized losses on cemetery merchandise and service trust investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 21,380	$ 6,566
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(5,581)	(629)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	3,824	3,542
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(1,071)	(717)
Debt Securities, Available-for-sale, Unrealized Loss Position	25,204	10,108
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(6,652)	(1,346)
Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	17,855	6,427
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(4,666)	(613)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	3,393	3,258
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(941)	(639)
Debt Securities, Available-for-sale, Unrealized Loss Position	21,248	9,685
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(5,607)	(1,252)
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	15,602	4,351
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(4,068)	(394)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,584	2,385
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(737)	(511)
Debt Securities, Available-for-sale, Unrealized Loss Position	18,186	6,736
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(4,805)	(905)
U.S. agency obligations \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	732
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(72)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0
Debt Securities, Available-for-sale, Unrealized Loss Position	732
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(72)
U.S. agency obligations \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	439
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(45)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0
Debt Securities, Available-for-sale, Unrealized Loss Position	439
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(45)
Corporate debt \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	5,394	4,228
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(308)	(517)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	744	629
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(336)	(436)
Debt Securities, Available-for-sale, Unrealized Loss Position	6,138	4,857
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(644)	(953)
Corporate debt \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	4,766	4,251
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(274)	(509)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	626	548
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(281)	(378)
Debt Securities, Available-for-sale, Unrealized Loss Position	5,392	4,799
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(555)	(887)
Corporate debt \| Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	4,123	2,649
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(218)	(321)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	554	468
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(252)	(326)
Debt Securities, Available-for-sale, Unrealized Loss Position	4,677	3,117
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(470)	(647)
Corporate debt \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	8,037	1,037
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(3,922)	(49)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	563	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(217)	0
Debt Securities, Available-for-sale, Unrealized Loss Position	8,600	1,037
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(4,139)	(49)
Corporate debt \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	6,742	965
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(3,248)	(46)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	506	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(195)	0
Debt Securities, Available-for-sale, Unrealized Loss Position	7,248	965
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(3,443)	(46)
Corporate debt \| Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	5,413	846
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(2,818)	(32)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	371	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(143)	0
Debt Securities, Available-for-sale, Unrealized Loss Position	5,784	846
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(2,961)	(32)
Mortgage-backed securities \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	7,146	1,301
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(1,271)	(63)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,517	2,913
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(518)	(281)
Debt Securities, Available-for-sale, Unrealized Loss Position	9,663	4,214
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(1,789)	(344)
Mortgage-backed securities \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	5,908	1,211
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(1,099)	(58)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,261	2,710
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(465)	(261)
Debt Securities, Available-for-sale, Unrealized Loss Position	8,169	3,921
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(1,564)	(319)
Mortgage-backed securities \| Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	6,066
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(1,032)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	1,659
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(342)
Debt Securities, Available-for-sale, Unrealized Loss Position	7,725
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(1,374)
Preferred Stock \| Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months		856
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		(41)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer		1,917
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		(185)
Debt Securities, Available-for-sale, Unrealized Loss Position		2,773
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss		$ (226)
Certificates of deposit \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	71
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(8)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0
Debt Securities, Available-for-sale, Unrealized Loss Position	71
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ (8)