0001016281-25-000077 | 10-Q | XBRL Viewer

Schedule of Long-term Debt Instruments

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


	March 31, 2025		December 31, 2024
Credit Facility	$	120,000	$	137,000
Debt issuance costs, net of accumulated amortization of $3,035 and $2,947, respectively	(1,530)		(1,618)
Total Credit Facility	$	118,470	$	135,382

Acquisition debt	$	5,437	$	5,466
Less: current portion	(581)		(571)
Total acquisition debt, net of current portion	$	4,856	$	4,895

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



	Three months ended March 31,
		2025		2024
Credit Facility interest expense		$	2,499	$	3,916
Credit Facility amortization of debt issuance costs		88		138

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



	Three months ended March 31,
	2025		2024
Acquisition debt imputed interest expense	$	94	$	104

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


	Three months ended March 31,
		2025		2024
Senior Notes interest expense		$	4,250	$	4,250
Senior Notes amortization of debt discount		138		132

Senior Notes amortization of debt issuance costs		39		38

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.

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Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies (Held for Sale) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets
Accounts receivable, net	$ 36	$ 833
Inventories	52	302
Prepaid and other current assets	3	0
Current assets held for sale	91	1,135
Preneed cemetery trust investments	1,059	4,876
Preneed funeral trust investments	405	2,197
Preneed cemetery receivables, net	3	1,671
Receivables from funeral preneed trusts, net	27	0
Property, plant and equipment, net	1,554	4,898
Cemetery property, net	128	3,362
Intangible and other non-current assets, net	223	215
Operating lease right-of-use assets	74	0
Cemetery perpetual care trust investments	322	2,234
Non-current assets held for sale	3,795	19,453
Liabilities
Current portion of operating lease obligations	22	0
Accounts payable	18	94
Accrued and other liabilities	114	146
Current liabilities held for sale	154	240
Obligations under operating leases, net of current portion	53	0
Deferred preneed cemetery revenue	97	3,517
Deferred preneed funeral revenue	27	1,018
Deferred preneed cemetery receipts held in trust	1,059	4,876
Deferred preneed funeral receipts held in trust	405	2,197
Care trusts’ corpus	322	2,234
Long-term liabilities held for sale	$ 1,963	$ 13,842

Senior Notes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024	May 13, 2021
Debt Instrument [Line Items]
Debt instrument, term	50 months
Amortization of debt issuance costs	$ 127	$ 176
Senior notes
Debt Instrument [Line Items]
Long-term debt, fair value	364,400
Interest expense	4,250	4,250
Amortization of Debt Discount (Premium)	138	132
Amortization of debt issuance costs	$ 39	$ 38
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		$ 400,000
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%

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

3 Months Ended

Mar. 31, 2025

Disposal Groups, Including Discontinued Operations

The table below presents the carrying amounts of the assets and liabilities included as part of the expected sale (in thousands):


	March 31, 2025		December 31, 2024
Accounts receivable, net	$	36	$	833
Inventories	52		302
Prepaid and other current assets	3		—
Current assets held for sale	$	91	$	1,135

Preneed cemetery trust investments	$	1,059	$	4,876
Preneed funeral trust investments	405		2,197
Preneed cemetery receivables, net	3		1,671
Receivables from funeral preneed trusts, net	27		—
Property, plant and equipment, net	1,554		4,898
Cemetery property, net	128		3,362
Intangible and other non-current assets, net	223		215
Operating lease right-of-use assets	74		—
Cemetery perpetual care trust investments	322		2,234
Non-current assets held for sale	$	3,795	$	19,453

Current portion of operating lease obligations	$	22	$	—
Accounts payable	18		94
Accrued and other liabilities	114		146
Current liabilities held for sale	$	154	$	240

Obligations under operating leases, net of current portion	$	53	$	—
Deferred preneed cemetery revenue	97		3,517
Deferred preneed funeral revenue	27		1,018
Deferred preneed cemetery receipts held in trust	1,059		4,876
Deferred preneed funeral receipts held in trust	405		2,197
Care trusts’ corpus	322		2,234
Long-term liabilities held for sale	$	1,963	$	13,842

Property, Plant and Equipment

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


	March 31, 2025		December 31, 2024
Land	$	85,462	$	86,609
Buildings and improvements	264,733		265,231
Furniture, equipment and vehicles	70,863		72,052
Property, plant and equipment, at cost	421,058		423,892
Less: accumulated depreciation	(146,082)		(145,990)
Property, plant and equipment, net	$	274,976	$	277,902
Less: Held for sale	(1,554)		(4,898)
Property, plant and equipment, net	$	273,422	$	273,004

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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Preneed Cemetery Receivables [Abstract]

Receivables

3 Months Ended

Mar. 31, 2025

RECEIVABLES

Accounts Receivable

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.

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


	March 31, 2025
Column1	Funeral		Cemetery		Corporate		Held for Sale		Total
Trade and financed receivables	$	8,104	$	23,963	$	—	$	(36)	$	32,031
Other receivables	585		343		1,080		—		2,008
Allowance for credit losses	(303)		(1,146)		—		—		(1,449)
Accounts receivable, net	$	8,386	$	23,160	$	1,080	$	(36)	$	32,590


	December 31, 2024
Column1	Funeral		Cemetery		Corporate		Held for Sale		Total
Trade and financed receivables	$	7,085	$	24,355	$	—	$	(833)	$	30,607
Other receivables	557		345		—		—		902
Allowance for credit losses	(302)		(1,014)		—		—		(1,316)
Accounts receivable, net	$	7,340	$	23,686	$	—	$	(833)	$	30,193

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 three months ended March 31, 2025 (in thousands):


	January 1, 2025		Provision for Credit Losses		Write Offs		Recoveries		March 31, 2025
Trade and financed receivables:
Funeral	$	(302)	$	(251)	$	412	$	(162)	$	(303)
Cemetery	(1,014)		(332)		200		—		(1,146)
Total allowance for credit losses on trade and financed receivables	$	(1,316)	$	(583)	$	612	$	(162)	$	(1,449)

Balances due on undelivered preneed funeral trust contracts have been reclassified to reduce Deferred preneed funeral revenue on our Consolidated Balance Sheets of $9.7 million and $10.2 million at March 31, 2025 and December 31, 2024, 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.

Cemetery Receivables

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


	March 31, 2025		December 31, 2024
Interment rights	$	79,440	$	79,436
Merchandise and services	12,480		13,128
Unearned finance charges	5,001		4,983
Cemetery receivables	$	96,921	$	97,547

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


	March 31, 2025		December 31, 2024
Cemetery receivables	$	96,921	$	97,547
Less: unearned finance charges	(5,001)		(4,983)
Cemetery receivables, at amortized cost	$	91,920	$	92,564
Less: allowance for contract cancellation and credit losses	(3,447)		(3,018)
Less: balances due on undelivered cemetery preneed contracts	(15,619)		(13,576)
Less: amounts in accounts receivable	(22,817)		(23,341)
Preneed cemetery receivables, net including HFS	$	50,037	$	52,629
Less: Held for sale	(3)		(1,671)
Preneed cemetery receivables, net	$	50,034	$	50,958

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the three months ended March 31, 2025 (in thousands):


	January 1, 2025		Provision for Credit Losses		Write Offs		March 31, 2025
Total allowance for credit losses on Preneed cemetery receivables, net	$	(2,004)	$	(491)	$	194	$	(2,301)

The amortized cost basis of our cemetery receivables by year of origination as of March 31, 2025 is as follows (in thousands):


	2025		2024		2023		2022		2021		Prior		Total
Total cemetery receivables, at amortized cost	$	11,923	$	43,549	$	19,397	$	10,910	$	4,283	$	1,858	$	91,920

The aging of past due cemetery receivables as of March 31, 2025 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	$	1,336	$	1,334	$	439	$	3,018	$	6,127	$	70,174	$	76,301
Deferred revenue	440		154		82		771		1,447		19,173		20,620
Total contracts	$	1,776	$	1,488	$	521	$	3,789	$	7,574	$	89,347	$	96,921

Balances due on undelivered preneed cemetery contracts have been reclassified to reduce Deferred preneed cemetery revenue on our Consolidated Balance Sheets. The transaction price allocated to preneed merchandise and service performance obligations that were unfulfilled were $15.6 million and $13.6 million at March 31, 2025 and December 31, 2024, 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.

Trust Investments (Estimated maturities of fixed preneed cemetery trust income securities) (Details) - Preneed Cemetery Trust Investments $ in Thousands	Mar. 31, 2025 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 0
Due in one to five years	2,895
Due in five to ten years	209
Thereafter	7,989
Total fixed income securities	$ 11,093

Basis of Presentation and Summary of Significant Accounting Policies (Schedule of PPE) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 273,422	$ 273,004
Continuing Operations
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	421,058	423,892
Less: accumulated depreciation	(146,082)	(145,990)
Property, plant and equipment, net	274,976	277,902
Discontinued Operations
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	1,554	4,898
Land \| Continuing Operations
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	85,462	86,609
Buildings and improvements \| Continuing Operations
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	264,733	265,231
Furniture, equipment and automobiles \| Continuing Operations
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 70,863	$ 72,052

Senior Notes (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Carrying Values

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


	March 31, 2025		December 31, 2024

Principal amount	$	400,000	$	400,000

Debt discount, net of accumulated amortization of $1,986 and $1,848, respectively	(2,514)		(2,652)
Debt issuance costs, net of accumulated amortization of $565 and $526, respectively	(712)		(751)
Carrying value of the Senior Notes	$	396,774	$	396,597

Schedule of Long-term Debt Instruments

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


	March 31, 2025		December 31, 2024
Credit Facility	$	120,000	$	137,000
Debt issuance costs, net of accumulated amortization of $3,035 and $2,947, respectively	(1,530)		(1,618)
Total Credit Facility	$	118,470	$	135,382

Acquisition debt	$	5,437	$	5,466
Less: current portion	(581)		(571)
Total acquisition debt, net of current portion	$	4,856	$	4,895

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



	Three months ended March 31,
		2025		2024
Credit Facility interest expense		$	2,499	$	3,916
Credit Facility amortization of debt issuance costs		88		138

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



	Three months ended March 31,
	2025		2024
Acquisition debt imputed interest expense	$	94	$	104

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


	Three months ended March 31,
		2025		2024
Senior Notes interest expense		$	4,250	$	4,250
Senior Notes amortization of debt discount		138		132

Senior Notes amortization of debt issuance costs		39		38

Receivables From Preneed Trusts [Abstract]

Trust Investments (Cost and fair market values associated with preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 108,073	$ 106,143
Accrued investment income	100.80%	100.60%
Preneed Cemetery Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 106,571	$ 104,900
Unrealized Gains	6,221	6,861
Unrealized Losses	(5,366)	(6,248)
Fair Market Value	107,426	105,513
Preneed Cemetery Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	647	630
Fair Market Value	647	630
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	110,094	110,143
Unrealized Gains	5,700	6,377
Unrealized Losses	(4,387)	(5,383)
Fair Market Value	111,407	111,137
Preneed cemetery trust investments	$ 111,997	$ 111,721
Accrued investment income	101.20%	100.90%
Preneed Funeral Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 590	$ 584
Fair Market Value	590	$ 584
Perpetual Care Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 10,318
Accrued investment income	100.80%	100.50%
Perpetual Care Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 87,639	$ 86,295
Unrealized Gains	5,719	6,155
Unrealized Losses	(5,031)	(5,708)
Fair Market Value	88,327	86,742
Perpetual Care Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	619	595
Fair Market Value	619	595
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Cash and Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	26,369	23,215
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	26,369	23,215
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	27,322	29,325
Unrealized Gains	5,252	4,322
Unrealized Losses	(3,147)	(3,381)
Fair Market Value	29,427	30,266
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,506	3,530
Unrealized Gains	0	84
Unrealized Losses	(222)	0
Fair Market Value	3,284	3,614
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	533	911
Unrealized Gains	43	85
Unrealized Losses	(11)	0
Fair Market Value	565	996
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Cash and Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	35,199	33,735
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	35,199	33,735
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost		8,193
Unrealized Gains		1,373
Unrealized Losses		(7)
Fair Market Value		9,559
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	24,394	26,293
Unrealized Gains	4,833	3,989
Unrealized Losses	(2,630)	(2,876)
Fair Market Value	26,597	27,406
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,372	3,392
Unrealized Gains	0	80
Unrealized Losses	(213)	0
Fair Market Value	3,159	3,472
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Cash and Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	15,220	14,054
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	15,220	14,054
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	24,278	25,563
Unrealized Gains	4,772	3,866
Unrealized Losses	(2,859)	(3,036)
Fair Market Value	26,191	26,393
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,122	3,078
Unrealized Gains	0	73
Unrealized Losses	(198)	0
Fair Market Value	2,924	3,151
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| U.S. agency obligations
Debt and Equity Securities, FV-NI [Line Items]
Cost	526	664
Unrealized Gains	0	1
Unrealized Losses	(35)	(46)
Fair Market Value	491	619
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	5,296	8,575
Unrealized Gains	710	1,431
Unrealized Losses	(8)	(8)
Fair Market Value	5,998	9,998
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	4,278	8,500
Unrealized Gains	140	365
Unrealized Losses	(140)	(256)
Fair Market Value	4,278	8,609
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	359	2,833
Unrealized Gains	1	479
Unrealized Losses	(108)	(176)
Fair Market Value	252	3,136
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Certificates of deposit
Debt and Equity Securities, FV-NI [Line Items]
Cost	79	79
Unrealized Gains	0	0
Unrealized Losses	(5)	(5)
Fair Market Value	74	74
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	24,979	27,268
Unrealized Gains	75	94
Unrealized Losses	(1,690)	(2,376)
Fair Market Value	23,364	24,986
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	13,324
Unrealized Gains	0
Unrealized Losses	0
Fair Market Value	13,324
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| U.S. agency obligations
Debt and Equity Securities, FV-NI [Line Items]
Cost	304	387
Unrealized Gains	0	0
Unrealized Losses	(24)	(30)
Fair Market Value	280	357
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	5,045
Unrealized Gains	682
Unrealized Losses	(7)
Fair Market Value	5,720
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,888	7,941
Unrealized Gains	134	351
Unrealized Losses	(9)	(134)
Fair Market Value	4,013	8,158
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost		2,577
Unrealized Gains		460
Unrealized Losses		(218)
Fair Market Value		2,819
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	400	763
Unrealized Gains	14	41
Unrealized Losses	(11)	0
Fair Market Value	403	804
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	12,814
Unrealized Gains	0
Unrealized Losses	0
Fair Market Value	12,814
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	5,005	7,770
Unrealized Gains	647	1,262
Unrealized Losses	(7)	(7)
Fair Market Value	5,645	9,025
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	4,334	7,942
Unrealized Gains	165	357
Unrealized Losses	(322)	(402)
Fair Market Value	4,177	7,897
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	567	2,725
Unrealized Gains	0	418
Unrealized Losses	(71)	(148)
Fair Market Value	496	2,995
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	467	789
Unrealized Gains	33	68
Unrealized Losses	(10)	0
Fair Market Value	490	857
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	22,784	24,374
Unrealized Gains	102	111
Unrealized Losses	(1,564)	(2,115)
Fair Market Value	21,322	$ 22,370
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	11,862
Unrealized Gains	0
Unrealized Losses	0
Fair Market Value	$ 11,862

Leases - Right-of-use Assets Obtained in Exchange for New Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Leases [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 159	$ 852
Right-of-use assets obtained in exchange for new finance lease liabilities	$ 3,483	$ 0

Intangible and Other Non-Current Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Deferred Costs and Other Noncurrent Assets [Abstract]
Trade names	$ 28,116,000		$ 28,116,000
Capitalized commissions on preneed contracts, net of accumulated amortization of $4,616 and $4,653, respectively	4,773,000		4,991,000
Intangible and other non-current assets, net including HFS	40,967,000		40,642,000
Deferred Costs and Other Assets, HFS	(223,000)		(215,000)
Intangible and other non-current assets, net	40,744,000		40,427,000
Accumulated amortization of other deferred costs	4,653,000		4,616,000
Amortization of deferred sales commissions	200,000
Amortization of intangibles	335,000	$ 332,000
Capitalized Commissions
Deferred Costs and Other Noncurrent Assets [Abstract]
Prepaid agreements not-to-compete, net of accumulated amortization of $3,654 and $3,543, respectively	4,773,000
Remainder of 2025	834,000
2026	790,000
2027	739,000
2028	668,000
2029	572,000
Thereafter	$ 1,170,000
Capitalized Commissions \| Minimum
Deferred Costs and Other Noncurrent Assets [Abstract]
Service Contract, Term	8 years
Capitalized Commissions \| Maximum
Deferred Costs and Other Noncurrent Assets [Abstract]
Service Contract, Term	10 years
Prepaid Agreements Not-to-compete
Deferred Costs and Other Noncurrent Assets [Abstract]
Prepaid agreements not-to-compete, net of accumulated amortization of $3,654 and $3,543, respectively	$ 814,000		923,000
Accumulated amortization	3,654,000		3,543,000
Amortization of intangibles	100,000
Remainder of 2025	281,000
2026	262,000
2027	142,000
2028	78,000
2029	38,000
Thereafter	$ 13,000
Prepaid Agreements Not-to-compete \| Minimum
Deferred Costs and Other Noncurrent Assets [Abstract]
Service Contract, Term	1 year
Prepaid Agreements Not-to-compete \| Maximum
Deferred Costs and Other Noncurrent Assets [Abstract]
Service Contract, Term	10 years
Internally Developed Software
Deferred Costs and Other Noncurrent Assets [Abstract]
Prepaid agreements not-to-compete, net of accumulated amortization of $3,654 and $3,543, respectively	$ 6,307,000		5,601,000
Accumulated amortization	831,000		764,000
Amortization of intangibles	100,000
Remainder of 2025	1,032,000
2026	1,363,000
2027	1,362,000
2028	1,164,000
2029	1,109,000
Thereafter	$ 277,000
Internally Developed Software \| Minimum
Deferred Costs and Other Noncurrent Assets [Abstract]
Term of agreements not to compete	3 years
Internally Developed Software \| Maximum
Deferred Costs and Other Noncurrent Assets [Abstract]
Term of agreements not to compete	5 years
Non-current Prepaid and Other Intangibles
Deferred Costs and Other Noncurrent Assets [Abstract]
Prepaid agreements not-to-compete, net of accumulated amortization of $3,654 and $3,543, respectively	$ 908,000
Non-current prepaid and other intangibles, net of accumulated amortization	908,000		1,011,000
Accumulated amortization	142,000		109,000
Remainder of 2025	381,000
2026	467,000
2027	60,000
2028	0
2029	0
Thereafter	$ 0
Non-current Prepaid and Other Intangibles \| Minimum
Deferred Costs and Other Noncurrent Assets [Abstract]
Service Contract, Term	2 years
Non-current Prepaid and Other Intangibles \| Maximum
Deferred Costs and Other Noncurrent Assets [Abstract]
Service Contract, Term	3 years
Other
Deferred Costs and Other Noncurrent Assets [Abstract]
Non-current prepaid and other intangibles, net of accumulated amortization	$ 49,000		$ 0
Service Contract, Term	3 years
Trade Names \| Disposal Group, Not Discontinued Operations
Deferred Costs and Other Noncurrent Assets [Abstract]
Number of businesses sold	2
Disposal Group, Including Discontinued Operation, Intangible Assets	$ 200,000

Supplementary Data (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Total current portion of debt and lease obligations
Prepaid and other current assets	$ 4,230	$ 3,987
State income tax receivable	137	136
Total prepaid and other current assets, including HFS	4,722	4,123
Less: Held for sale	(3)	0
Total prepaid and other current assets	4,719	4,123
Current portion of acquisition debt	581	571
Current portion of financing leases	790	533
Current portion of operating leases	2,843	2,810
Debt And Lease Liability, Current, Including HFS	4,214	3,914
Debt And Lease Liability, Current, HFS	(22)	0
Total current portion of debt and lease obligations, including HFS	4,192	3,914
Accrued and other liabilities:
Incentive compensation	2,707	12,860
Salaries and wages	4,838	4,867
Insurance	4,308	3,584
Unrecognized tax benefit	3,493	3,471
Vacation	3,114	2,803
Ad valorem taxes	1,249	2,314
Interest	6,521	2,288
Perpetual care trust payable	656	2,143
Employee meetings and award trips	2,158	1,550
Commissions	1,252	1,218
Income tax payable	1,931	208
Other accrued liabilities	1,945	1,300
Other accrued liabilities	34,172	38,606
Total accrued and other liabilities, including HFS	(114)	(146)
Less: Held for sale	34,058	38,460
Other long-term liabilities:
Incentive compensation	1,009	996
Deferred compensation	49	0
Other long-term liabilities	0	183
Other long-term liabilities	1,058	1,179
State
Total current portion of debt and lease obligations
Federal income tax receivable	$ 355	$ 0

Trust Investments (Purchases and sales of investments in the perpetual care trusts) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Purchases	$ (3,122)	$ (3,649)
Sales	$ 15,963	14,661
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Purchases		(4,326)	$ (3,506)
Sales		$ 16,560	$ 18,069

Receivables from Preneed Funeral Trusts (Tables)

3 Months Ended

Mar. 31, 2025

Receivables from Preneed Funeral Trust Funds

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


	March 31, 2025		December 31, 2024
Preneed funeral trust funds, at cost	$	22,955	$	23,063
Less: allowance for contract cancellation	(689)		(691)
Receivables from preneed funeral trusts, net including HFS	$	22,266	$	22,372
Less: Held for sale	(27)		—
Receivables from preneed funeral trusts, net	$	22,239	$	22,372

Composition of Assets Held in Trust

Fair value includes unrealized gains and losses on trust assets.

The composition of the preneed trust funds at March 31, 2025 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,860	$	6,860
Fixed income investments	12,803		12,803
Mutual funds and common stocks	3,288		3,090
Annuities	4		4
Total	$	22,955	$	22,757

The composition of the preneed trust funds at December 31, 2024 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,826	$	6,826
Fixed income investments	12,998		12,998
Mutual funds and common stocks	3,235		2,999
Annuities	4		4
Total	$	23,063	$	22,827

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2025	Apr. 25, 2025
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2025
Document Transition Report	false
Entity File Number	1-11961
Entity Registrant Name	CARRIAGE SERVICES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	76-0423828
Entity Address, Address Line One	3040 Post Oak Boulevard
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	332-8400
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	CSV
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,692,935
Entity Central Index Key	0001016281
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

Senior Notes - Carrying value of the Senior Notes (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Debt issuance costs, net of accumulated amortization of $565 and $526, respectively	$ (1,530)	$ (1,618)
Accumulated Amortization, Debt Issuance Costs	3,035	2,947
Senior notes
Debt Instrument [Line Items]
Debt discount, net of accumulated amortization of $1,986 and $1,848, respectively	(2,514)	(2,652)
Debt issuance costs, net of accumulated amortization of $565 and $526, respectively	(712)	(751)
Carrying value of the Senior Notes	396,774	396,597
Accumulated Amortization, Debt Discount	1,986	1,848
Accumulated Amortization, Debt Issuance Costs	565	526
Senior notes \| Senior Note Two
Debt Instrument [Line Items]
Principal amount	$ 400,000	$ 400,000

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2025

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

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


			2025
Dividend yield			1.16%
Expected volatility			28.78%
Risk-free interest rate			4.36%, 4.25%, 4.21%, 4.17%
Expected life (years)			0.25, 0.50, 0.75, 1.00

Schedule of Share-based Compensation, Stock Options, Activity

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


	Three months ended March 31,
	2025			2024
	Shares	Fair Value		Shares	Fair Value
Granted(1)	—	$	—	370,590	$	3,830
Cancelled	1,180	$	15	294,728	$	3,757

(1)

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


	Three months ended March 31,
		2025		2024
			Shares	Cash		Shares	Cash
Exercised(1)			190,415	$	321	—	$	—
Returned for option price(2)			112,858	$	4,493	—	$	—
Returned for payroll taxes(3)			20,016	$	799	—	$	—



(1)			Stock options exercised during the three months ended March 31, 2025 had a weighted average exercise price of $25.28 with an aggregate intrinsic value of $2.7 million.
(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.

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

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


	Three months ended March 31,
		2025		2024
			Shares	Fair Value		Shares	Fair Value
Granted(1)			114,684	$	4,764	156,630	$	3,834
Returned for payroll taxes			28,656	$	1,168	16,315	$	418
Cancelled			—	$	—	26,240	$	841

(1)

Share-based Payment Arrangement, Activity

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


	Three months ended March 31,
	2025			2024
	Shares	Fair Value		Shares	Fair Value
Granted(1)	11,958	$	496	31,470	$	790

(1)

Common stock granted during the three months ended March 31, 2025 and 2024 had a grant date stock price of $41.54 and $25.08, respectively.

Share-based Payment Arrangement, Performance Shares, Outstanding Activity

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


	Three months ended March 31,
		2025		2024
			Shares	Fair Value		Shares	Fair Value
Board of Directors(1)			1,866	$	72	3,999	$	108
Advisor to the Board(1)			129	$	5	184	$	5

(1)

Common stock granted during the three months ended March 31, 2025 and 2024 had a grant date stock price of $38.75 and $27.04, respectively.

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

Employee Stock Purchase Plan

ESPP activity is as follows:


	Three months ended March 31,
		2025		2024
			Shares	Price		Shares	Price
ESPP			11,135	$	32.94	16,296	$	21.26

Dividends Declared

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


2025	Per Share		Dollar Value
March 1st	$	0.1125	$	1,722




2024	Per Share		Dollar Value
March 1st	$	0.1125	$	1,686

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

3 Months Ended

Mar. 31, 2025

GOODWILL

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


	March 31, 2025		December 31, 2024
Goodwill at the beginning of the period	$	414,859	$	423,643

Decrease in goodwill related to divestitures	(4,156)		(8,784)

Goodwill at the end of the period	$	410,703	$	414,859

During the three months ended March 31, 2025, we allocated $4.2 million of goodwill to the sale of two funeral homes and three cemeteries which was recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations, of which $2.6 million was allocated to our funeral home segment and $1.6 million was allocated to our cemetery segment.

During the three months ended March 31, 2024, we allocated $8.7 million of goodwill to the sale of six funeral homes and one cemetery which was recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations, of which $7.8 million was allocated to our funeral homes segment and $1.0 million was allocated to our cemetery segment.

Receivables from Preneed Funeral Trusts (Composition of Asset Held in Trusts) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Historical Cost Basis
Investment Holdings [Line Items]
Assets Held-in-trust	$ 22,955	$ 23,063
Historical Cost Basis \| Cash and cash equivalents
Investment Holdings [Line Items]
Assets Held-in-trust	6,860	6,826
Historical Cost Basis \| Fixed income investments
Investment Holdings [Line Items]
Assets Held-in-trust	12,803	12,998
Historical Cost Basis \| Mutual funds and common stocks
Investment Holdings [Line Items]
Assets Held-in-trust	3,288	3,235
Historical Cost Basis \| Annuities
Investment Holdings [Line Items]
Assets Held-in-trust	4	4
Fair Value
Investment Holdings [Line Items]
Assets Held-in-trust	22,757	22,827
Fair Value \| Cash and cash equivalents
Investment Holdings [Line Items]
Assets Held-in-trust	6,860	6,826
Fair Value \| Fixed income investments
Investment Holdings [Line Items]
Assets Held-in-trust	12,803	12,998
Fair Value \| Mutual funds and common stocks
Investment Holdings [Line Items]
Assets Held-in-trust	3,090	2,999
Fair Value \| Annuities
Investment Holdings [Line Items]
Assets Held-in-trust	$ 4	$ 4

Basis of Presentation and Summary of Significant Accounting Policies (Narrative of PPE) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($) divestiture	Mar. 31, 2024 USD ($) divestiture
Property, Plant and Equipment [Line Items]
Property, plant and equipment, disposals	$ 0.9
Proceeds from sale	2.9
Gain on sale	2.0
Growth and maintenance expenses	1.6	$ 1.6
Field depreciation expense	$ 3.5	$ 3.6
Funeral Homes
Property, Plant and Equipment [Line Items]
Number of businesses sold \| divestiture	2	6
Cemetery
Property, Plant and Equipment [Line Items]
Number of businesses sold \| divestiture	3	1
Property, plant and equipment, disposals	$ 3.3	$ 0.8
Funeral Homes And Cemeteries
Property, Plant and Equipment [Line Items]
Property, plant and equipment, disposals	$ 3.4	$ 3.1

Receivables from Preneed Funeral Trusts (Receivables from preneed funeral trust funds) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Receivables From Preneed Trusts [Abstract]
Preneed funeral trust funds, at cost	$ 22,955	$ 23,063
Less: allowance for contract cancellation	(689)	(691)
Receivables from preneed funeral trusts, net including HFS	22,266	22,372
Receivables from Preneed Funeral Trusts, HFS	(27)	0
Receivables from preneed funeral trusts, net	$ 22,239	$ 22,372

Receivables (Amortized cost basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Receivables [Abstract]
2025	$ 11,923
2024	43,549
2023	19,397
2022	10,910
2021	4,283
Prior	1,858
Total	$ 91,920	$ 92,564

Trust Investments (Components of preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 103,817	$ 98,120
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	108,073	106,143
Less: allowance for contract cancellation	(3,197)	(3,147)
Preneed cemetery trust investments	104,876	102,996
Less: Held for sale	(1,059)	(4,876)
Preneed cemetery trust investments	$ 103,817	$ 98,120

Receivables (Tables)

3 Months Ended

Mar. 31, 2025

Preneed Cemetery Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

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


	March 31, 2025
Column1	Funeral		Cemetery		Corporate		Held for Sale		Total
Trade and financed receivables	$	8,104	$	23,963	$	—	$	(36)	$	32,031
Other receivables	585		343		1,080		—		2,008
Allowance for credit losses	(303)		(1,146)		—		—		(1,449)
Accounts receivable, net	$	8,386	$	23,160	$	1,080	$	(36)	$	32,590


	December 31, 2024
Column1	Funeral		Cemetery		Corporate		Held for Sale		Total
Trade and financed receivables	$	7,085	$	24,355	$	—	$	(833)	$	30,607
Other receivables	557		345		—		—		902
Allowance for credit losses	(302)		(1,014)		—		—		(1,316)
Accounts receivable, net	$	7,340	$	23,686	$	—	$	(833)	$	30,193

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


	March 31, 2025		December 31, 2024
Interment rights	$	79,440	$	79,436
Merchandise and services	12,480		13,128
Unearned finance charges	5,001		4,983
Cemetery receivables	$	96,921	$	97,547

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


	March 31, 2025		December 31, 2024
Cemetery receivables	$	96,921	$	97,547
Less: unearned finance charges	(5,001)		(4,983)
Cemetery receivables, at amortized cost	$	91,920	$	92,564
Less: allowance for contract cancellation and credit losses	(3,447)		(3,018)
Less: balances due on undelivered cemetery preneed contracts	(15,619)		(13,576)
Less: amounts in accounts receivable	(22,817)		(23,341)
Preneed cemetery receivables, net including HFS	$	50,037	$	52,629
Less: Held for sale	(3)		(1,671)
Preneed cemetery receivables, net	$	50,034	$	50,958

The amortized cost basis of our cemetery receivables by year of origination as of March 31, 2025 is as follows (in thousands):


	2025		2024		2023		2022		2021		Prior		Total
Total cemetery receivables, at amortized cost	$	11,923	$	43,549	$	19,397	$	10,910	$	4,283	$	1,858	$	91,920

Preneed Cemetery Receivables

The following table summarizes the activity in our allowance for credit losses by portfolio segment for the three months ended March 31, 2025 (in thousands):


	January 1, 2025		Provision for Credit Losses		Write Offs		Recoveries		March 31, 2025
Trade and financed receivables:
Funeral	$	(302)	$	(251)	$	412	$	(162)	$	(303)
Cemetery	(1,014)		(332)		200		—		(1,146)
Total allowance for credit losses on trade and financed receivables	$	(1,316)	$	(583)	$	612	$	(162)	$	(1,449)

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the three months ended March 31, 2025 (in thousands):


	January 1, 2025		Provision for Credit Losses		Write Offs		March 31, 2025
Total allowance for credit losses on Preneed cemetery receivables, net	$	(2,004)	$	(491)	$	194	$	(2,301)

Aging of Past Due Financing Receivables

The aging of past due cemetery receivables as of March 31, 2025 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	$	1,336	$	1,334	$	439	$	3,018	$	6,127	$	70,174	$	76,301
Deferred revenue	440		154		82		771		1,447		19,173		20,620
Total contracts	$	1,776	$	1,488	$	521	$	3,789	$	7,574	$	89,347	$	96,921

Trust Investments (Components of Care trusts’ corpus) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Gain (Loss) on Securities [Line Items]
Care trusts’ corpus	$ 88,638	$ 84,218
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Preneed funeral trust investments	88,946	87,337
Obligations due to (due from) trust	14	(885)
Care trusts’ corpus, including HFS	88,960	86,452
Less: Held for sale	(322)	(2,234)
Care trusts’ corpus	$ 88,638	$ 84,218

Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Components of Lease Expense

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


		Three months ended March 31,
	Income Statement Classification	2025		2024
Operating lease cost	Facilities and grounds expense(1)	$	993	$	978
Short-term lease cost	Facilities and grounds expense(1)	56		18
Variable lease cost	Facilities and grounds expense(1)	(60)		104

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	147	$	126
Interest on lease liabilities	Interest expense	188		125
Total finance lease cost		335		251
Total lease cost		$	1,324	$	1,351



(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):


	Three months ended March 31,
	2025		2024
Cash paid for operating leases included in operating activities	$	1,072	$	1,071
Cash paid for finance leases included in financing activities	308		277

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


	Three months ended March 31,
	2025		2024
Right-of-use assets obtained in exchange for new operating lease liabilities	$	159	$	852
Right-of-use assets obtained in exchange for new finance lease liabilities	3,483		—

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


Lease Type	Balance Sheet Classification	March 31, 2025		December 31, 2024
Operating lease right-of-use assets	Operating lease right-of-use assets, including HFS	$	14,452	$	14,953
	Less: Held for sale	(74)		—
	Operating lease right-of-use assets	$	14,378	$	14,953

Finance lease right-of-use assets	Property, plant and equipment, net	$	12,047	$	8,564
Accumulated depreciation	Property, plant and equipment, net	(3,361)		(3,214)
Finance lease right-of-use assets, net		$	8,686	$	5,350

Operating lease current liabilities	Current portion of operating lease obligations	$	2,843	$	2,810
Finance lease current liabilities	Current portion of finance lease obligations	790		533
Total current lease liabilities	Total current lease liabilities, including HFS	$	3,633	$	3,343
	Less: Held for sale	(22)		—
	Total current lease liabilities	$	3,611	$	3,343

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	13,432	$	14,035
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	9,152		6,045
Total non-current lease liabilities	Total non-current lease liabilities, including HFS	$	22,584	$	20,080
	Less: Held for sale	(53)		—
	Total non-current lease liabilities	$	22,531	$	20,080

Total lease liabilities, including HFS		$	26,217	$	23,423

The average lease terms and discount rates at March 31, 2025 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	6.9	8.1	%
Finance leases	18.8	8.4	%

Maturities of Operating Lease Liabilities

The aggregate future lease payments for non-cancelable operating and finance leases at March 31, 2025 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2025	$	3,055	$	989
2026	3,985		1,328
2027	3,743		1,338
2028	3,393		1,097
2029	2,970		1,031
Thereafter	3,906		16,693
Total lease payments	$	21,052	$	22,476
Less: Interest	(4,777)		(12,534)
Present value of lease liabilities, including HFS	$	16,275	$	9,942

Maturities of Financing Lease Liabilities

The aggregate future lease payments for non-cancelable operating and finance leases at March 31, 2025 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2025	$	3,055	$	989
2026	3,985		1,328
2027	3,743		1,338
2028	3,393		1,097
2029	2,970		1,031
Thereafter	3,906		16,693
Total lease payments	$	21,052	$	22,476
Less: Interest	(4,777)		(12,534)
Present value of lease liabilities, including HFS	$	16,275	$	9,942

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Revenue, pre-tax income and total assets by segments

The tables below present revenue, disaggregated by major source for each of our reportable segments, as well as, significant segment expenses, other segment expenses, operating income (loss), depreciation and amortization, interest expense, income (loss) before income taxes, income tax expense (benefit), total assets, long-lived assets, goodwill, capital expenditures and number of operating locations by segment as follows, (in thousands, except number of operating locations) for the three months ended March 31, 2025 and 2024, respectively:


Three months ended, March 31, 2025	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	47,949	$	5,061	$	—	$	53,010
Merchandise	21,556		4,039		—		25,595
Cemetery property	—		19,991		—		19,991
Other revenue	5,114		3,359		—		8,473
Total revenue	74,619		32,450		—		107,069

Less:(1)
Salaries, benefits and commission expenses	17,977		9,919		—		27,896
Cost of merchandise	8,132		1,331		—		9,463
Allocated overhead costs(2)	3,227		1,331		—		4,558
Facilities and grounds expenses	2,929		1,205		—		4,134
General and administrative expenses(3)	3,021		895		—		3,916
Other segment expenses(4)	11,146		2,344		12,048		25,538
Operating income (loss)	$	28,187	$	15,425	$	(12,048)	$	31,564

Interest expense	$	280	$	3	$	7,015	$	7,298

Depreciation and amortization	$	2,826	$	2,324	$	251	$	5,401

Income (loss) before income taxes	$	30,069	$	16,016	$	(19,831)	$	26,254

Income tax expense (benefit)	$	6,104	$	3,251	$	(4,027)	$	5,328

Total assets	$	777,995	$	470,875	$	26,359	$	1,275,229

Long-lived assets	$	624,384	$	200,427	$	11,247	$	836,058

Goodwill	$	354,314	$	56,389	$	—	$	410,703

Capital expenditures	$	727	$	1,852	$	584	$	3,163

Number of operating locations at year end	160		28		—		188

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker ("CODM").
(2) Allocated overhead costs include: property insurance costs, property tax expenses and corporate overhead fees allocated to the field, such as information technology, human resources, legal and finance.
(3) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses and office supplies.
(4) The Corporate segment's other segment expenses primarily include general, administrative and other expenses, net loss on divestitures, disposals and impairment charges and amortization and depreciation expenses. The Funeral and Cemetery segment's other segment expenses primarily include transportation costs, other funeral costs, non-payroll related promotional costs, net loss on divestitures, disposals and impairment charges and amortization and depreciation expenses.


Three months ended March 31, 2024	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	44,807	$	4,892	$	—	$	49,699
Merchandise	22,659		4,140		—		26,799
Cemetery property	—		18,703		—		18,703
Other revenue	4,365		3,927		—		8,292
Total revenue	71,831		31,662		—		103,493

Less:(1)
Salaries, benefits and commission expenses	18,298		8,897		—		27,195
Cost of merchandise	7,843		1,156		—		8,999
Allocated overhead costs(2)	3,296		1,156		—		4,452
Facilities and grounds expenses	2,694		1,180		—		3,874
General and administrative expenses(3)	2,773		923		—		3,696
Other segment expenses(4)	13,853		5,708		16,239		35,800
Operating income (loss)	$	23,074	$	12,642	$	(16,239)	$	19,477

Interest expense	$	225	$	4	$	8,483	$	8,712

Depreciation and amortization	$	2,968	$	2,255	$	237	$	5,460

Income (loss) before income taxes	$	22,869	$	12,709	$	(24,856)	$	10,722

Income tax expense (benefit)	$	7,996	$	4,444	$	(8,691)	$	3,749

Total assets	$	790,358	$	452,517	$	17,644	$	1,260,519

Long-lived assets	$	635,574	$	207,062	$	6,099	$	848,735

Goodwill	$	356,878	$	58,017	$	—	$	414,895

Capital expenditures	$	1,168	$	2,233	$	150	$	3,551

Number of operating locations at year end	165		31		—		196

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2) Allocated overhead costs include: property insurance costs, property tax expenses and corporate overhead fees allocated to the field, such as information technology, human resources, legal and finance.
(3) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses and office supplies.
(4) The Corporate segment's other segment expenses primarily include general, administrative and other expenses, net loss on divestitures, disposals and impairment charges and amortization and depreciation expenses. The Funeral and Cemetery segment's other segment expenses primarily include transportation costs, other funeral costs, non-payroll related promotional costs, net loss on divestitures, disposals and impairment charges and amortization and depreciation expenses.

Trust Investments (Tables)

3 Months Ended

Mar. 31, 2025

Preneed Trust Investments [Abstract]

Components of preneed cemetery trust investments

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


	March 31, 2025		December 31, 2024
Preneed cemetery trust investments, at market value	$	108,073	$	106,143
Less: allowance for contract cancellation	(3,197)		(3,147)
Preneed cemetery trust investments	$	104,876	$	102,996
Less: Held for sale	(1,059)		(4,876)
Preneed cemetery trust investments	$	103,817	$	98,120

Cost and fair market values associated with preneed cemetery trust investments

The cost and market values associated with preneed cemetery trust investments at March 31, 2025 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	26,369	$	—	$	—	$	26,369
Fixed income securities:

U.S. agency obligations	2	526		—		(35)		491
Foreign debt	2	5,296		710		(8)		5,998
Corporate debt	2	4,278		140		(140)		4,278
Preferred stock	2	359		1		(108)		252
Certificates of deposit	2	79		—		(5)		74

Common stock	1	27,322		5,252		(3,147)		29,427
Limited partnership fund		3,506		—		(222)		3,284
Mutual funds:
Equity	1	533		43		(11)		565
Fixed income	2	24,979		75		(1,690)		23,364
Alternative investments		13,324		—		—		13,324
Trust securities		$	106,571	$	6,221	$	(5,366)	$	107,426
Accrued investment income		$	647					$	647

Preneed cemetery trust investments								$	108,073
Market value as a percentage of cost								100.8		%

The cost and market values associated with preneed cemetery trust investments at December 31, 2024 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	23,215	$	—	$	—	$	23,215
Fixed income securities:

U.S. agency obligations	2	664		1		(46)		$	619
Foreign debt	2	8,575		1,431		(8)		9,998
Corporate debt	2	8,500		365		(256)		8,609
Preferred stock	2	2,833		479		(176)		3,136
Certificates of deposit	2	79		—		(5)		74

Common stock	1	29,325		4,322		(3,381)		30,266
Limited partnership fund		3,530		84		—		3,614

Mutual funds:
Equity	1	911		85		—		996
Fixed income	2	27,268		94		(2,376)		24,986


Trust securities		$	104,900	$	6,861	$	(6,248)	$	105,513
Accrued investment income		$	630					$	630
Preneed cemetery trust investments								$	106,143
Market value as a percentage of cost								100.6		%

Estimated maturities of fixed preneed cemetery trust income securities

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


Due in one year or less	$	—
Due in one to five years	2,895
Due in five to ten years	209
Thereafter	7,989
Total fixed income securities	$	11,093

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

The following table summarizes our fixed income securities (excluding mutual funds) within our preneed cemetery trust investments in an unrealized loss position at March 31, 2025, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	March 31, 2025
	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	$	—	$	—	$	491	$	(35)	$	491	$	(35)
Foreign debt	—		—		210		(8)		210		(8)
Corporate debt	266		(10)		79		(130)		345		(140)
Preferred stock	13		—		194		(108)		207		(108)
Certificates of deposit	—		—		74		(5)		74		(5)
Total fixed income securities with an unrealized loss	$	279	$	(10)	$	1,048	$	(286)	$	1,327	$	(296)

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, 2024, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 2024
	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	$	—	$	—	$	479	$	(46)	$	479	$	(46)
Foreign debt	—		—		211		(8)		211		(8)
Corporate debt	1,274		(139)		94		(117)		1,368		(256)
Preferred stock	889		(5)		891		(171)		1,780		(176)
Certificates of deposit	—		—		74		(5)		74		(5)
Total fixed income securities with an unrealized loss	$	2,163	$	(144)	$	1,749	$	(347)	$	3,912	$	(491)

Preneed cemetery trust investment security transactions

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


	Three months ended March 31,
		2025		2024
Investment income		$	647	$	539
Realized gains		2,003		10,576
Realized losses		(1,603)		(3,764)
Unrealized gains (losses), net		855		(6,959)
Expenses and taxes		(224)		(634)
Net change in deferred preneed cemetery receipts held in trust		(1,678)		242
		$	—	$	—

Purchases and sales of investments in preneed cemetary trusts

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


	Three months ended March 31,
	2025		2024
Purchases	$	(3,506)	$	(4,326)
Sales	18,069		16,560

Components of preneed funeral trust investments

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


	March 31, 2025		December 31, 2024
Preneed funeral trust investments, at market value	$	111,997	$	111,721
Less: allowance for contract cancellation	(3,302)		(3,305)
Preneed funeral trust investments	$	108,695	$	108,416
Less: Held for sale	(405)		(2,197)
Preneed funeral trust investments	$	108,290	$	106,219

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	$	—
Due in one to five years	2,482
Due in five to ten years	96
Thereafter	7,435
Total fixed income securities	$	10,013

Cost and fair market values associated with preneed funeral trust investments

The cost and market values associated with preneed funeral trust investments at March 31, 2025 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	35,199	$	—	$	—	$	35,199
Fixed income securities:

U.S agency obligations	2	304		—		(24)		280
Foreign debt	2	5,045		682		(7)		5,720
Corporate debt	2	3,888		134		(9)		4,013



Common stock	1	24,394		4,833		(2,630)		26,597
Limited partnership fund		3,372		—		(213)		3,159
Mutual funds:
Equity	1	400		14		(11)		403
Fixed income	2	22,794		37		(1,493)		21,338
Other investments	2	1,884		—		—		1,884
Alternative investments		12,814		—		—		12,814
Trust securities		$	110,094	$	5,700	$	(4,387)	$	111,407
Accrued investment income		$	590					$	590
Preneed cemetery trust investments								$	111,997
Market value as a percentage of cost								101.2		%

The cost and market values associated with preneed funeral trust investments at December 31, 2024 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	33,735	$	—	$	—	$	33,735
Fixed income securities:

U.S agency obligations	2	387		—		(30)		357
Foreign debt	2	8,193		1,373		(7)		9,559
Corporate debt	2	7,941		351		(134)		8,158
Preferred stock	2	2,577		460		(218)		2,819


Common stock	1	26,293		3,989		(2,876)		27,406
Limited partnership fund		3,392		80		—		3,472

Mutual funds:
Equity	1	763		41		—		804
Fixed income	2	24,952		83		(2,118)		22,917
Other investments	2	1,910		—		—		1,910

Trust securities		$	110,143	$	6,377	$	(5,383)	$	111,137
Accrued investment income		$	584					$	584
Preneed cemetery trust investments								$	111,721
Market value as a percentage of cost								100.9		%

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

The following table summarizes our fixed income securities (excluding mutual funds) within our preneed funeral trust investment in an unrealized loss position at March 31, 2025, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	March 31, 2025
	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	$	—	$	—	$	280	$	(24)	$	280	$	(24)
Foreign debt	—		—		202		(7)		202		(7)
Corporate debt	256		(9)		—		—		256		(9)


Total fixed income securities with an unrealized loss	$	256	$	(9)	$	482	$	(31)	$	738	$	(40)

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, 2024, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 2024
	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	$	—	$	—	$	274	$	(30)	$	274	$	(30)
Foreign debt	—		—		203		(7)		203		(7)
Corporate debt	1,225		(133)		—		(1)		1,225		(134)
Preferred stock	842		(4)		717		(214)		1,559		(218)

Total fixed income securities with an unrealized loss	$	2,067	$	(137)	$	1,194	$	(252)	$	3,261	$	(389)

Purchases and sales of investments in preneed funeral trusts

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


	Three months ended March 31,
	2025		2024
Purchases	$	(3,372)	$	(4,003)
Sales	17,359		15,118

Cemetery Perpetual Care Trust Investments

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


	March 31, 2025		December 31, 2024
Cemetery perpetual care trust investments, at market value	$	88,946	$	87,337
Obligations due to (due from) trust	14		(885)
Care trusts’ corpus, including HFS	$	88,960	$	86,452
Less: Held for sale	(322)		(2,234)
Care trusts' corpus	$	88,638	$	84,218

The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at March 31, 2025 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	15,220	$	—	$	—	$	15,220
Fixed income securities:


Foreign debt	2	5,005		647		(7)		5,645
Corporate debt	2	4,334		165		(322)		4,177
Preferred stock	2	567		—		(71)		496


Common stock	1	24,278		4,772		(2,859)		26,191
Limited partnership fund		3,122		—		(198)		2,924
Mutual funds:
Equity	1	467		33		(10)		490
Fixed income	2	22,784		102		(1,564)		21,322

Alternative investments		11,862		—		—		11,862
Trust securities		$	87,639	$	5,719	$	(5,031)	$	88,327
Accrued investment income		$	619					$	619
Preneed cemetery trust investments								$	88,946
Market value as a percentage of cost								100.8		%

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


Due in one year or less	$	—
Due in one to five years	2,410
Due in five to ten years	289
Thereafter	7,619
Total fixed income securities	$	10,318

The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at December 31, 2024 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	14,054	$	—	$	—	$	14,054
Fixed income securities:


Foreign debt	2	7,770		1,262		(7)		9,025
Corporate debt	2	7,942		357		(402)		7,897
Preferred stock	2	2,725		418		(148)		2,995


Common stock	1	25,563		3,866		(3,036)		26,393
Limited partnership fund		3,078		73		—		3,151

Mutual funds:
Equity	1	789		68		—		857
Fixed income	2	24,374		111		(2,115)		22,370


Trust securities		$	86,295	$	6,155	$	(5,708)	$	86,742
Accrued investment income		$	595					$	595
Preneed cemetery trust investments								$	87,337
Market value as a percentage of cost								100.5		%

The following table summarizes our fixed income securities (excluding mutual funds) within our perpetual care trust investment in an unrealized loss position at March 31, 2025, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	March 31, 2025
	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	$	—	$	—	$	187	$	(7)	$	187	$	(7)
Corporate debt	237		(8)		282		(314)		519		(322)
Preferred stock	—		—		496		(71)		496		(71)

Total fixed income securities with an unrealized loss	$	237	$	(8)	$	965	$	(392)	$	1,202	$	(400)

The following table summarizes our fixed income securities within our perpetual care trust investment in an unrealized loss position at December 31, 2024, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	December 31, 2024
	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	$	—	$	—	$	184	$	(7)	$	184	$	(7)
Corporate debt	1,111		(121)		316		(281)		1,427		(402)
Preferred stock	764		(4)		1,086		(144)		1,850		(148)

Total fixed income securities with an unrealized loss	$	1,875	$	(125)	$	1,586	$	(432)	$	3,461	$	(557)

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


	Three months ended March 31,
	2025		2024

Realized gains	$	251	$	1,306
Realized losses	(201)		(426)
Unrealized gains (losses), net	688		(6,069)

Net change in care trusts’ corpus	(738)		5,189
	$	—	$	—

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


	Three months ended March 31,
	2025		2024
Investment income	$	2,487	$	3,129
Realized losses	(672)		(374)
Total	$	1,815	$	2,755

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


	Three months ended March 31,
	2025		2024
Purchases	$	(3,122)	$	(3,649)
Sales	15,963		14,661

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):


	Three months ended March 31,
	2025		2024
Investment income	$	473	$	436
Realized gains	1,927		9,780
Realized losses	(1,709)		(3,209)
Unrealized gains (losses), net	1,313		(5,848)
Expenses and taxes	(105)		(371)
Net change in deferred preneed funeral receipts held in trust	(1,899)		(788)
	$	—	$	—

Earnings Per Share (Stock Options Excluded from Computation) (Details) - shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Earnings Per Share [Abstract]
Antidilutive securities excluded from earnings per share	189,000	1,565,000

Credit Facility and Acquisition Debt (Narrative) (Details)	3 Months Ended
	Mar. 31, 2025 USD ($) letter_of_credit	Mar. 31, 2024 USD ($)	Dec. 31, 2024 USD ($)	May 27, 2022 USD ($)
Debt Instrument [Line Items]
Letters of Credit \| letter_of_credit	1
Debt instrument, term	50 months
Amortization of debt issuance costs	$ 127,000	$ 176,000
Line Of Credit Facility Accordion Provision	75,000,000.0
Debt Issuance Costs, Net	1,530,000		$ 1,618,000
Series of Individually Immaterial Business Acquisitions
Debt Instrument [Line Items]
Interest expense	$ 94,000	104,000
Line of Credit \| Prime Rate Option
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)	1.50%
Line of Credit \| LIBOR Margin Option
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)	2.50%
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)	6.50%
Debt instrument, term	9 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)	7.30%
Debt instrument, term	20 years
Credit Agreement
Debt Instrument [Line Items]
Interest expense	$ 2,499,000	3,916,000
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	88,000	$ 138,000
Credit Agreement Amendment
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 250,000,000.0
Revolving Credit Facility, Secured, Floating Rate
Debt Instrument [Line Items]
Present value of future deferred payments	2,200,000
Revolving Credit Facility, Secured, Floating Rate \| Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Long-term Debt	120,000,000.0		$ 137,000,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 127,800,000
Revolving Credit Facility, Secured, Floating Rate \| Revolving Credit Facility \| Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	6.90%	8.90%
Ratio Actual
Debt Instrument [Line Items]
Ratio of indebtedness to net capital (in ratio)	5.00
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

Trust Investments (Estimated maturities of the fixed income securities) (Details) $ in Thousands	Mar. 31, 2025 USD ($)
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Due in one year or less	$ 0
Due in one to five years	2,410
Due in five to ten years	289
Thereafter	7,619
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Due in one year or less	0
Due in one to five years	2,895
Due in five to ten years	209
Thereafter	7,989
Total fixed income securities	11,093
Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Due in one year or less	0
Due in one to five years	2,482
Due in five to ten years	96
Thereafter	7,435
Total fixed income securities	$ 10,013

Leases - Maturities of Operating and Financing Lease Liabilities (Details) $ in Thousands	Mar. 31, 2025 USD ($)
Operating
Remainder of 2025	$ 3,055
2026	3,985
2027	3,743
2028	3,393
2029	2,970
Thereafter	3,906
Total lease payments	21,052
Less: Interest	(4,777)
Present value of lease liabilities, including HFS	16,275
Finance
Remainder of 2025	989
2026	1,328
2027	1,338
2028	1,097
2029	1,031
Thereafter	16,693
Total lease payments	22,476
Less: Interest	(12,534)
Present value of lease liabilities, including HFS	$ 9,942

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2025	Dec. 31, 2024
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)	27,321,003	26,881,355
Common stock outstanding (in shares)	15,692,935	15,253,537
Treasury stock, shares (in shares)	11,627,818

Receivables (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
Receivables (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Funeral Home
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 9.7	$ 10.2
Service contract, average term (in years)	10 years
Cemetery
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 15.6	$ 13.6
Service contract, average term (in years)	8 years

Stockholders' Equity (Summary of Options) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Exercised (in usd per share)	$ 25.28
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Exercised (in shares)	(190,415)	0
Employee Stock Option \| Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	1,180	294,728
Grants, weighted average exercise price (in usd per share)	$ 41.54	$ 24.48
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Granted (in usd per share)	$ 41.54	$ 24.48
Employee Stock Option \| Five Year Vesting Period \| Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares)	0	370,590
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted (in shares)	0	370,590

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2025
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 10) and Senior Notes (as defined in Note 11) are classified within Level 2 of the Fair Value Measurements hierarchy. At March 31, 2025, the carrying value and fair value of our Credit Facility was $120.0 million. We believe that our Credit Facility bears interest at a rate that approximates prevailing market rates for instruments with similar characteristics and therefore, the carrying value of our Credit Facility approximates fair value. We estimate the fair value of our acquisition debt utilizing an income approach, which uses a present value calculation to discount payments based on current market rates as of the reporting date. At March 31, 2025, the carrying value of our acquisition debt was $5.4 million, which approximated its fair value. The fair value of our Senior Notes was $364.4 million at March 31, 2025, 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 Sheets as having met the criteria for fair value measurement. 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, 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. In addition, we have an investment in a limited partnership fund, whose fair value has been estimated using the net asset value per share (“NAV”) practical expedient described in ASC 820-10-35-59, Fair Value Measurement of Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) and therefore, has not been classified in the fair value hierarchy. The investment strategy of this fund is to generate attractive, risk-adjusted returns over a multi-year performance period through the construction of a concentrated portfolio of investments possessing certain distinct business attributes that suggest the potential for long-term value creation. The value of the investments in this fund cannot be liquidated at March 31, 2025 because the investments include restrictions that do not allow for liquidation until 2027. As of March 31, 2025, we do not have an unfunded commitment for this investment. Furthermore, we have two investments in real estate debt and structured credit (“alternative investments”), whose fair value has been estimated using NAV and therefore, has not been classified in the fair value hierarchy. The investment strategy for these alternative investments is to create capital growth, income generation, and risk-adjusted returns. Capital growth is achieved by identifying high-potential investments that are appreciated over time. Income generation may involve dividends, rental income, or interest from various investments. Risk-adjusted returns focus on balancing potential profits with acceptable levels of risk, often through diversification and careful asset allocation. The real estate debt is approximately 39% of the total alternative investment and can be liquidated with a 40-day notice period and cannot exceed 5% of the total fund’s value. The structured credit is approximately 61% of the total alternative investment and can be liquidated with a 15-day notice period with no restrictions. As of March 31, 2025, we do not have an unfunded commitment for these investments. Our receivables from preneed funeral trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. See Notes 7 and 8 to our Consolidated Financial Statements for the fair value hierarchy levels of our trust investments.

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.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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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
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Basis of Presentation and Summary of Significant Accounting Policies (Cemetery Property) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($) divestiture	Mar. 31, 2024 USD ($) divestiture	Dec. 31, 2024 USD ($)
Property, Plant and Equipment [Line Items]
Cemetery property, net, including HFS	$ 109.4		$ 112.9
Accumulated amortization of cemetery property	71.4		$ 72.6
Growth capital expenditures	1.6	$ 2.0
Amortization of cemetery property	1.8	$ 1.8
Property, plant and equipment, disposals	$ 0.9
Cemetery
Property, Plant and Equipment [Line Items]
Number of businesses sold \| divestiture	3	1
Property, plant and equipment, disposals	$ 3.3	$ 0.8

Stockholders' Equity - (Stock-Based Compensation Plans) (Details) - Common Stock - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
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	11,958	31,470
Awards granted, aggregate grant date market value	$ 496	$ 790

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Supplemental Income Statement Elements [Abstract]

Trust Investments (Perpetual care trust investment security transactions recorded in Other revenue) (Details) - Preneed Cemetery Trust Investments - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Gain (Loss) on Securities [Line Items]
Investment income	$ 539	$ 647
Net change in Care trusts’ corpus	(242)	1,678
Unrealized gains (losses), net	$ (6,959)	$ 855

Receivables (Accounts Receivable) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Segment Reporting Information [Line Items]
Trade and financed receivables	$ 32,031	$ 30,607
Other receivables	2,008	902
Allowance for credit losses	(1,449)	(1,316)
Accounts receivable, net	32,590	30,193
Operating Segments \| Funeral Home
Segment Reporting Information [Line Items]
Trade and financed receivables	8,104	7,085
Other receivables	585	557
Allowance for credit losses	(303)	(302)
Accounts receivable, net	8,386	7,340
Operating Segments \| Cemetery
Segment Reporting Information [Line Items]
Trade and financed receivables	23,963	24,355
Other receivables	343	345
Allowance for credit losses	(1,146)	(1,014)
Accounts receivable, net	23,160	23,686
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Trade and financed receivables	0	0
Other receivables	1,080	0
Allowance for credit losses	0	0
Accounts receivable, net	1,080	0
Held for Sale
Segment Reporting Information [Line Items]
Trade and financed receivables	(36)	(833)
Other receivables	0	0
Allowance for credit losses	0	0
Accounts receivable, net	$ (36)	$ (833)

Trust Investments (Cost and fair market values associated with the trust investments held in perpetual care trust) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Cost	$ 10,318
Preneed funeral trust investments	$ 88,946	$ 87,337
Accrued investment income	100.80%	100.50%
Perpetual Care Trust Investments \| Accrued Investment Income
Gain (Loss) on Securities [Line Items]
Cost	$ 619	$ 595
Fair Market Value	619	595
Perpetual Care Trust Investments \| Trust Securities
Gain (Loss) on Securities [Line Items]
Cost	87,639	86,295
Unrealized Gains	5,719	6,155
Unrealized Losses	(5,031)	(5,708)
Fair Market Value	88,327	86,742
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Preneed cemetery trust investments	$ 108,073	$ 106,143
Accrued investment income	100.80%	100.60%
Preneed Cemetery Trust Investments \| Accrued Investment Income
Gain (Loss) on Securities [Line Items]
Cost	$ 647	$ 630
Fair Market Value	647	630
Preneed Cemetery Trust Investments \| Trust Securities
Gain (Loss) on Securities [Line Items]
Cost	106,571	104,900
Unrealized Gains	6,221	6,861
Unrealized Losses	(5,366)	(6,248)
Fair Market Value	107,426	105,513
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Cash and cash equivalents
Gain (Loss) on Securities [Line Items]
Cost	15,220	14,054
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	15,220	14,054
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Common Stock
Gain (Loss) on Securities [Line Items]
Cost	24,278	25,563
Unrealized Gains	4,772	3,866
Unrealized Losses	(2,859)	(3,036)
Fair Market Value	26,191	26,393
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Limited Partnership Fund
Gain (Loss) on Securities [Line Items]
Cost	3,122	3,078
Unrealized Gains	0	73
Unrealized Losses	(198)	0
Fair Market Value	2,924	3,151
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Cash and cash equivalents
Gain (Loss) on Securities [Line Items]
Cost	26,369	23,215
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	26,369	23,215
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Common Stock
Gain (Loss) on Securities [Line Items]
Cost	27,322	29,325
Unrealized Gains	5,252	4,322
Unrealized Losses	(3,147)	(3,381)
Fair Market Value	29,427	30,266
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Equity Securities
Gain (Loss) on Securities [Line Items]
Cost	533	911
Unrealized Gains	43	85
Unrealized Losses	(11)	0
Fair Market Value	565	996
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Limited Partnership Fund
Gain (Loss) on Securities [Line Items]
Cost	3,506	3,530
Unrealized Gains	0	84
Unrealized Losses	(222)	0
Fair Market Value	3,284	3,614
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Foreign Debt
Gain (Loss) on Securities [Line Items]
Cost	5,005	7,770
Unrealized Gains	647	1,262
Unrealized Losses	(7)	(7)
Fair Market Value	5,645	9,025
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost	4,334	7,942
Unrealized Gains	165	357
Unrealized Losses	(322)	(402)
Fair Market Value	4,177	7,897
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Preferred Stock
Gain (Loss) on Securities [Line Items]
Cost	567	2,725
Unrealized Gains	0	418
Unrealized Losses	(71)	(148)
Fair Market Value	496	2,995
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Fixed income
Gain (Loss) on Securities [Line Items]
Cost	22,784	24,374
Unrealized Gains	102	111
Unrealized Losses	(1,564)	(2,115)
Fair Market Value	21,322	22,370
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Equity Securities
Gain (Loss) on Securities [Line Items]
Cost	467	789
Unrealized Gains	33	68
Unrealized Losses	(10)	0
Fair Market Value	490	857
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| U.S. agency obligations
Gain (Loss) on Securities [Line Items]
Cost	526	664
Unrealized Gains	0	1
Unrealized Losses	(35)	(46)
Fair Market Value	491	619
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Foreign Debt
Gain (Loss) on Securities [Line Items]
Cost	5,296	8,575
Unrealized Gains	710	1,431
Unrealized Losses	(8)	(8)
Fair Market Value	5,998	9,998
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost	4,278	8,500
Unrealized Gains	140	365
Unrealized Losses	(140)	(256)
Fair Market Value	4,278	8,609
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Preferred Stock
Gain (Loss) on Securities [Line Items]
Cost	359	2,833
Unrealized Gains	1	479
Unrealized Losses	(108)	(176)
Fair Market Value	252	3,136
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Gain (Loss) on Securities [Line Items]
Cost	24,979	27,268
Unrealized Gains	75	94
Unrealized Losses	(1,690)	(2,376)
Fair Market Value	23,364	24,986
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Certificates of deposit
Gain (Loss) on Securities [Line Items]
Cost	79	79
Unrealized Gains	0	0
Unrealized Losses	(5)	(5)
Fair Market Value	$ 74	$ 74

Supplemental Disclosure of Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Supplemental Cash Flow Information [Abstract]
Cash paid for interest and financing costs	$ 2,705	$ 4,083
Cash paid for taxes	$ 1,475	$ 461

Supplementary Data

3 Months Ended

Mar. 31, 2025

SUPPLEMENTARY DATA

Balance Sheets

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



	March 31, 2025		December 31, 2024

Prepaid and other current assets:
Prepaid expenses	$	4,230	$	3,987

State income tax receivable	355		—
Other current assets	137		136
Total prepaid and other current assets, including HFS	$	4,722	$	4,123
Less: Held for sale	(3)		—
Total prepaid and other current assets	$	4,719	$	4,123

Current portion of debt and lease obligations:
Acquisition debt	$	581	$	571
Finance lease obligations	790		533
Operating lease obligations	2,843		2,810
Total current portion of debt and lease obligations, including HFS	$	4,214	$	3,914
Less: Held for sale	(22)		—
Total current portion of debt and lease obligations	$	4,192	$	3,914

Accrued and other liabilities:
Incentive compensation	$	2,707	$	12,860
Insurance	4,308		3,584
Unrecognized tax benefit	3,493		3,471
Vacation	3,114		2,803
Interest	6,521		2,288
Salaries and wages	4,838		4,867
Employee meetings and award trips	2,158		1,550
Income tax payable	1,931		208
Commissions	1,252		1,218
Perpetual care trust payable	656		2,143
Ad valorem taxes	1,249		2,314
Other accrued liabilities	1,945		1,300
Total accrued and other liabilities, including HFS	$	34,172	$	38,606
Less: Held for sale	(114)		(146)
Total accrued and other liabilities	$	34,058	$	38,460

Other long-term liabilities:
Incentive compensation	$	1,009	$	996
Deferred compensation	49		—
Other long-term liabilities	—		183
Total other long-term liabilities	$	1,058	$	1,179

Cash Flow

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


	Three months ended March 31,
	2025		2024
Cash paid for interest and financing costs	$	2,705	$	4,083
Cash paid for taxes	1,475		461

Trust Investments (Preneed cemetery trust investment security transactions) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Other, net	$ 1,988	$ (43)
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net		539	$ 647
Realized gains		10,576	2,003
Realized losses		(3,764)	(1,603)
Unrealized gains (losses), net		(6,959)	855
Expenses and taxes		(634)	(224)
Net change in deferred preneed cemetery receipts held in trust		242	(1,678)
Other, net		$ 0	$ 0

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, 2023			15,000,000
Beginning balance at Dec. 31, 2023	$ 173,060		$ 266		$ 241,291		$ 210,256	$ (278,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 6,973						6,973
Issuance of common stock from employee stock purchase plan (in shares)	16,296		16,000
Issuance of common stock from employee stock purchase plan	$ 347				347
Issuance of common stock to directors and board advisor (in shares)			4,000
Issuance of common stock to directors and board advisor	113				113
Issuance of restricted common stock (in shares)			157,000
Issuance of restricted common stock	0		$ 2		(2)
Restricted common stock, performance awards and stock options surrendered for taxes paid (in shares)			(43,000)
Restricted common stock, performance awards and stock options surrendered for taxes paid	(418)				(418)
Stock-based compensation expense	376				376
Dividends on common stock	(1,686)				(1,686)
Other (in shares)			(31,000)
Other	790				790
Ending balance, shares outstanding at Mar. 31, 2024			15,165,000
Ending balance at Mar. 31, 2024	179,555		$ 268		240,811		217,229	(278,753)
Beginning balance, shares outstanding at Dec. 31, 2024			15,254,000
Beginning balance at Dec. 31, 2024	208,550		$ 269		243,825		243,209	(278,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 20,926						20,926
Issuance of common stock from employee stock purchase plan (in shares)	11,135		11,000
Issuance of common stock from employee stock purchase plan	$ 367				367
Issuance of common stock to directors and board advisor (in shares)			271,000	2,000
Issuance of common stock to directors and board advisor	0	$ 77	$ 3		(3)	$ 77
Issuance of restricted common stock (in shares)			115,000
Issuance of restricted common stock	0		$ 1		(1)
Exercise of stock options (in shares)			77,000
Exercise of stock options	321				321
Restricted common stock, performance awards and stock options surrendered for taxes paid (in shares)			(49,000)
Restricted common stock, performance awards and stock options surrendered for taxes paid	(7,629)				(7,629)
Stock-based compensation expense	1,676				1,676
Dividends on common stock	(1,722)				(1,722)
Other (in shares)			(12,000)
Other	496				496
Ending balance, shares outstanding at Mar. 31, 2025			15,693,000
Ending balance at Mar. 31, 2025	$ 223,062		$ 273		$ 237,407		$ 264,135	$ (278,753)

Supplemental Disclosure of Cash Flow Information (Tables)

3 Months Ended

Mar. 31, 2025

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):


	Three months ended March 31,
	2025		2024
Cash paid for interest and financing costs	$	2,705	$	4,083
Cash paid for taxes	1,475		461

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Receivables (Aging of past due financing receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 96,921	$ 97,547
Total Financing Receivables	96,921
Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	76,301
Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	20,620
31-60 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,776
31-60 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,336
31-60 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	440
61-90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,488
61-90 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,334
61-90 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	154
91-120 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	521
91-120 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	439
91-120 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	82
Greater than 120 Day Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,789
Greater than 120 Day Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,018
Greater than 120 Day Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	771
Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	7,574
Total Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	6,127
Total Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,447
Current
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	89,347
Current \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	70,174
Current \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 19,173

Receivables (Cemetery receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Preneed Cemetery Receivables [Abstract]
Interment rights	$ 79,440	$ 79,436
Merchandise and services	12,480	13,128
Unearned finance charges	5,001	4,983
Cemetery receivables	$ 96,921	$ 97,547

Amortized cost, before allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
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-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

Discontinued Operations and Disposal Groups [Abstract]

Stockholders' Equity (Narrative) (Details) - USD ($)	3 Months Ended
Stockholders' Equity (Narrative) (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares authorized (in shares)	80,000,000	80,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	27,321,003	26,881,355
Treasury stock, shares (in shares)	11,627,818
Total intrinsic value of options exercised	$ 2,700,000
Issuance of common stock from employee stock purchase plan (in shares)	11,135				16,296
Weighted average purchase price of ESPP shares purchased during the period (in dollars per share)	$ 32.94				$ 21.26
Dividends declared per share (in dollars per share)	$ 0.1125				$ 0.1125
Dividends declared, common stock, amount	$ 1,722,000				$ 1,686,000
Common Stock, Dividends, Per Share, Cash Paid					$ 0.1125
Exercised (in usd per share)	$ 25.28
Common stock outstanding (in shares)	15,692,935	15,253,537
Good to Great Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value	$ 41.54				$ 25.08
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise of stock options (in shares)	190,415				0
Proceeds from Stock Options Exercised	$ 321,000				$ 0
Share based compensation expense	$ 800,000				200,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Returned For Option Price, Shares	112,858
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Returned For Option Price, Amount	$ 4,493,000				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Returned for Payroll Taxes, Shares	20,016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Returned for Payroll Taxes, Amount	$ 799,000				$ 0
Employee Stock Option \| Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	1,180				294,728
Grants, weighted average exercise price (in usd per share)	$ 41.54				$ 24.48
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures Fair Valueriod	$ 15,000				$ 3,757,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 100,000				200,000
Dividend yield	1.16%
Expected volatility	28.78%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	417.00%	421.00%	425.00%	436.00%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation expense	$ 700,000				$ 500,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards (in shares)	114,684				156,630
Awards granted, aggregate grant date market value	$ 4,764,000				$ 3,834,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	28,656				16,315
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 1,168,000				$ 418,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period, Fair Value	$ 0				$ 841,000
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited	0				26,240
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancellations (in shares)	0				(80,276)
Awards ( in usd per share)	$ 38.59
Awards (in shares)	90,894				0
Awards granted, aggregate grant date market value	$ 3,508,000				$ 0
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	142,070				0
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 5,662,000				$ 0
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period, Fair Value	$ 0				$ 871,000
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards (in shares)	11,958				31,470
Awards granted, aggregate grant date market value	$ 496,000				$ 790,000
Officers And Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Directors compensation expense					(400,000)	$ 100,000
Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Directors compensation expense	$ 300,000				$ 500,000
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares)	1,866				3,999
Value of stock options granted	$ 72,000				$ 108,000
Cancellations ( in usd per share)	$ 38.75				$ 27.04
Advsior
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares)	129				184
Value of stock options granted	$ 5,000				$ 5,000
Five Year Vesting Period \| Employee Stock Option \| Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded (in shares)	0				370,590
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Aggregate Grant Date Market Value	$ 0				$ 3,830,000

Divested Operations

3 Months Ended

Mar. 31, 2025

Divested Operations

DIVESTED OPERATIONS

During the three months ended March 31, 2025, we sold two funeral homes and three cemeteries for an aggregate of $15.8 million. During the three months ended March 31, 2024, we sold six funeral homes and one cemetery for an aggregate of $10.9 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):


	Three months ended, March 31,
		2025		2024
Revenue		$	1,653	$	1,151

Operating income		476		122
Net gain (loss) on divestitures(1)		5,937		(1,501)
Income tax (expense) benefit		(2,001)		452
Net gain (loss) from divested operations, after tax		$	4,412	$	(927)



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

Trust Investments (Components of preneed funeral trust investments) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	$ 111,997	$ 111,721
Less: allowance for contract cancellation	(3,302)	(3,305)
Investments, Including HFS	108,695	108,416
Disposal Group, Including Discontinued Operation, Investment	(405)	(2,197)
Preneed funeral trust investments	$ 108,290	$ 106,219

Leases - Lease Term and Discount Rate (Details)	Mar. 31, 2025
Weighted-average remaining lease term (years)
Operating leases	6 years 10 months 24 days
Finance leases	18 years 9 months 18 days
Weighted-average discount rate
Operating leases	8.10%
Finance leases	8.40%

Leases - Carrying Values of Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Operating lease right-of-use assets, including HFS	$ 14,452	$ 14,953
Less: Held for sale	(74)	0
Operating lease right-of-use assets	14,378	14,953
Finance lease right-of-use assets	12,047	8,564
Accumulated depreciation	(3,361)	(3,214)
Finance lease right-of-use assets, net	8,686	5,350
Current portion of operating leases	2,843	2,810
Current portion of financing leases	790	533
Lease Liability, Current, Including HFS	3,633	3,343
Lease Liability, Current, HFS	(22)	0
Total current lease liabilities	3,611	3,343
Obligations under operating leases, net of current portion	13,432	14,035
Finance lease non-current liabilities	9,152	6,045
Total non-current lease liabilities, including HFS	22,584	20,080
Lease Liability, Noncurrent, HFS	(53)	0
Total non-current lease liabilities	22,531	20,080
Total lease liabilities	$ 26,217	$ 23,423
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

Goodwill (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill

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


	March 31, 2025		December 31, 2024
Goodwill at the beginning of the period	$	414,859	$	423,643

Decrease in goodwill related to divestitures	(4,156)		(8,784)

Goodwill at the end of the period	$	410,703	$	414,859

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

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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Organization, Consolidation and Presentation of Financial Statements [Abstract]

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

3 Months Ended

Mar. 31, 2025

Principles of Consolidation

Principles of Consolidation and Interim Condensed Disclosures

Our unaudited Consolidated Financial Statements include the Company and its subsidiaries. All intercompany balances and transactions have been eliminated. Our interim Consolidated Financial Statements are unaudited, but include all adjustments, which consist of normal, recurring accruals, that are necessary for a fair presentation of our financial position and results of operations as of and for the interim periods presented.

There have been no material changes in our accounting policies previously disclosed in Part II, Item 8 “Financial Statements and Supplementary Data” in Note 1 in our Annual Report on Form 10-K for the year ended December 31, 2024. In addition, our unaudited Consolidated Financial Statements have been prepared in a manner consistent with the accounting principles described in our Annual Report on Form 10-K for the year ended December 31, 2024 unless otherwise disclosed herein, and should be read in conjunction therewith.

Use of Estimates

The preparation of our Consolidated Financial Statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenue and expenses. On an ongoing basis, we evaluate our critical estimates and judgments, which include those related to the impairment of goodwill and the fair value measurements used in business combinations. These policies are considered critical because they may result in fluctuations in our reported results from period to period due to the significant judgments, estimates and assumptions about complex and inherently uncertain matters and because the use of different judgments, assumptions or estimates could have a material impact on our financial condition or results of operations. Actual results may differ from these estimates and such estimates may change if the underlying conditions or assumptions change. Historical performance should not be viewed as indicative of future performance because there can be no assurance the margins, operating income and net earnings, as a percentage of revenue, will be consistent from period to period.

Cash and Cash Equivalents

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

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.

Held for Sale

At March 31, 2025, the assets and liabilities of non-core funeral home and cemetery businesses expected to be sold within the next twelve months, which have met the criteria for such classification, have been classified as held for sale.

Property, Plant and Equipment

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


	March 31, 2025		December 31, 2024
Land	$	85,462	$	86,609
Buildings and improvements	264,733		265,231
Furniture, equipment and vehicles	70,863		72,052
Property, plant and equipment, at cost	421,058		423,892
Less: accumulated depreciation	(146,082)		(145,990)
Property, plant and equipment, net	$	274,976	$	277,902
Less: Held for sale	(1,554)		(4,898)
Property, plant and equipment, net	$	273,422	$	273,004

During the three months ended March 31, 2025, we sold two funeral homes and three cemeteries that had a carrying value of property, plant and equipment of $3.4 million, which was included in the gain on sale and recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations, more fully described in Note 4 to the Consolidated Financial Statements.

Additionally, during the three months ended March 31, 2025, we sold real property for $2.9 million, with a carrying value of $0.9 million, resulting in a $2.0 million gain on the sale, which was recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

During the three months ended March 31, 2024, we sold six funeral homes and one cemetery that had a carrying value of property, plant and equipment of $3.1 million, which was included in the loss on sale and recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

Our growth and maintenance capital expenditures totaled $1.6 million for both the three months ended March 31, 2025 and 2024. In addition, we recorded depreciation expense of $3.5 million and $3.6 million for the three months ended March 31, 2025 and 2024, respectively.

Cemetery Property

Cemetery property was $109.4 million and $112.9 million, net of accumulated amortization of $71.4 million and $72.6 million at March 31, 2025 and December 31, 2024, respectively. When cemetery property is sold, the value of the cemetery property (interment right costs) is expensed as amortization using the specific identification method in the period in which the sale of the interment right is recognized as revenue. Our growth capital expenditures for cemetery property development totaled $1.6 million and $2.0 million for the three months ended March 31, 2025 and 2024, respectively. We recorded amortization expense for cemetery interment rights of $1.8 million for both the three months ended March 31, 2025 and 2024.

During the three months ended March 31, 2025, we sold three cemeteries that had a carrying value of cemetery property of $3.3 million, which was included in the gain on sale and recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations, more fully described in Note 4 to the Consolidated Financial Statements.

During the three months ended March 31, 2024, we sold one cemetery that had a carrying value of cemetery property of $0.8 million, which was included in the loss on sale and recorded in Net (gain) loss on divestitures, disposals and impairment charges on our Consolidated Statements of Operations.

Income Taxes

Income tax expense was $5.3 million and $3.7 million for the three months ended March 31, 2025 and 2024, respectively. Our operating tax rate before discrete items was 31.2% and 32.8% for the three months ended March 31, 2025 and 2024, respectively.

Subsequent Events

We have evaluated events and transactions during the period subsequent to March 31, 2025 through the date the financial statements were issued for potential recognition or disclosure in the accompanying consolidated financial statements covered by this report.

Accounting Pronouncements

Income Taxes

In December 2023, the FASB issued ASU, Income Taxes - Improvements to Income Tax Disclosures to enhance the transparency about income tax information through improvements to income tax disclosures primarily related to rate reconciliation and income taxes paid information. The amendments in this update require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation; and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than five percent of the amount computed by multiplying pretax income (loss) by the applicable statutory income tax rate). The amendments in this update also require that all entities disclose on an annual basis (1) the amount of net income taxes paid disaggregated by federal and state taxes; and (2) the amount of net income taxes paid disaggregated by individual jurisdictions in which net income taxes paid is equal to or greater than five percent of total net income taxes paid. The amendments are effective for annual periods beginning after December 15, 2024 and therefore were effective for us for our fiscal year beginning January 1, 2025 and for interim periods within our fiscal year beginning January 1, 2026. The adoption had no material impact on our consolidated financial statements as it modified disclosure requirements only.

Accounting Pronouncements Not Yet Adopted

Expense Disaggregation

In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures. Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard provides guidance to expand disclosures related to the disaggregation of income statement expenses. The amendments in this update require, in the notes to the financial statements, disclosure of specified information about certain costs and expenses, which includes purchases of inventory, employee compensation, depreciation and intangible asset amortization included in each relevant expense caption. This guidance is effective for fiscal years beginning after December 15,

2026, and interim periods within annual reporting periods beginning after December 15, 2027, on a retrospective or prospective basis, with early adoption permitted. We expect the adoption will have no material impact on our consolidated financial statements as it modifies disclosure requirements only.

Share Repurchase Program (Details) $ in Millions	Mar. 31, 2025 USD ($)
Class of Stock Disclosures [Abstract]
Amount authorized for additional repurchases	$ 48.9

Trust Investments (Estimated maturities of fixed preneed funeral trust income securities) (Details) - Preneed Funeral Trust Investments $ in Thousands	Mar. 31, 2025 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 0
Due in one to five years	2,482
Due in five to ten years	96
Thereafter	7,435
Total fixed income securities	$ 10,013

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
	Mar. 31, 2025	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.16%
Expected volatility	28.78%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	417.00%	421.00%	425.00%	436.00%
Expected life (years)	1 year	9 months	6 months	3 months

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Preneed Trust Investments [Abstract]

Trust Investments

3 Months Ended

Mar. 31, 2025

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 our wholly owned registered investment advisory firm (“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.

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 Sheets are as follows (in thousands):


	March 31, 2025		December 31, 2024
Preneed cemetery trust investments, at market value	$	108,073	$	106,143
Less: allowance for contract cancellation	(3,197)		(3,147)
Preneed cemetery trust investments	$	104,876	$	102,996
Less: Held for sale	(1,059)		(4,876)
Preneed cemetery trust investments	$	103,817	$	98,120

The cost and market values associated with preneed cemetery trust investments at March 31, 2025 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	26,369	$	—	$	—	$	26,369
Fixed income securities:

U.S. agency obligations	2	526		—		(35)		491
Foreign debt	2	5,296		710		(8)		5,998
Corporate debt	2	4,278		140		(140)		4,278
Preferred stock	2	359		1		(108)		252
Certificates of deposit	2	79		—		(5)		74

Common stock	1	27,322		5,252		(3,147)		29,427
Limited partnership fund		3,506		—		(222)		3,284
Mutual funds:
Equity	1	533		43		(11)		565
Fixed income	2	24,979		75		(1,690)		23,364
Alternative investments		13,324		—		—		13,324
Trust securities		$	106,571	$	6,221	$	(5,366)	$	107,426
Accrued investment income		$	647					$	647

Preneed cemetery trust investments								$	108,073
Market value as a percentage of cost								100.8		%

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


Due in one year or less	$	—
Due in one to five years	2,895
Due in five to ten years	209
Thereafter	7,989
Total fixed income securities	$	11,093

The cost and market values associated with preneed cemetery trust investments at December 31, 2024 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	23,215	$	—	$	—	$	23,215
Fixed income securities:

U.S. agency obligations	2	664		1		(46)		$	619
Foreign debt	2	8,575		1,431		(8)		9,998
Corporate debt	2	8,500		365		(256)		8,609
Preferred stock	2	2,833		479		(176)		3,136
Certificates of deposit	2	79		—		(5)		74

Common stock	1	29,325		4,322		(3,381)		30,266
Limited partnership fund		3,530		84		—		3,614

Mutual funds:
Equity	1	911		85		—		996
Fixed income	2	27,268		94		(2,376)		24,986


Trust securities		$	104,900	$	6,861	$	(6,248)	$	105,513
Accrued investment income		$	630					$	630
Preneed cemetery trust investments								$	106,143
Market value as a percentage of cost								100.6		%


	March 31, 2025
	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	$	—	$	—	$	491	$	(35)	$	491	$	(35)
Foreign debt	—		—		210		(8)		210		(8)
Corporate debt	266		(10)		79		(130)		345		(140)
Preferred stock	13		—		194		(108)		207		(108)
Certificates of deposit	—		—		74		(5)		74		(5)
Total fixed income securities with an unrealized loss	$	279	$	(10)	$	1,048	$	(286)	$	1,327	$	(296)


	December 31, 2024
	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	$	—	$	—	$	479	$	(46)	$	479	$	(46)
Foreign debt	—		—		211		(8)		211		(8)
Corporate debt	1,274		(139)		94		(117)		1,368		(256)
Preferred stock	889		(5)		891		(171)		1,780		(176)
Certificates of deposit	—		—		74		(5)		74		(5)
Total fixed income securities with an unrealized loss	$	2,163	$	(144)	$	1,749	$	(347)	$	3,912	$	(491)

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


	Three months ended March 31,
		2025		2024
Investment income		$	647	$	539
Realized gains		2,003		10,576
Realized losses		(1,603)		(3,764)
Unrealized gains (losses), net		855		(6,959)
Expenses and taxes		(224)		(634)
Net change in deferred preneed cemetery receipts held in trust		(1,678)		242
		$	—	$	—

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


	Three months ended March 31,
	2025		2024
Purchases	$	(3,506)	$	(4,326)
Sales	18,069		16,560

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 Sheets are as follows (in thousands):


	March 31, 2025		December 31, 2024
Preneed funeral trust investments, at market value	$	111,997	$	111,721
Less: allowance for contract cancellation	(3,302)		(3,305)
Preneed funeral trust investments	$	108,695	$	108,416
Less: Held for sale	(405)		(2,197)
Preneed funeral trust investments	$	108,290	$	106,219

The cost and market values associated with preneed funeral trust investments at March 31, 2025 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	35,199	$	—	$	—	$	35,199
Fixed income securities:

U.S agency obligations	2	304		—		(24)		280
Foreign debt	2	5,045		682		(7)		5,720
Corporate debt	2	3,888		134		(9)		4,013



Common stock	1	24,394		4,833		(2,630)		26,597
Limited partnership fund		3,372		—		(213)		3,159
Mutual funds:
Equity	1	400		14		(11)		403
Fixed income	2	22,794		37		(1,493)		21,338
Other investments	2	1,884		—		—		1,884
Alternative investments		12,814		—		—		12,814
Trust securities		$	110,094	$	5,700	$	(4,387)	$	111,407
Accrued investment income		$	590					$	590
Preneed cemetery trust investments								$	111,997
Market value as a percentage of cost								101.2		%

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


Due in one year or less	$	—
Due in one to five years	2,482
Due in five to ten years	96
Thereafter	7,435
Total fixed income securities	$	10,013

The cost and market values associated with preneed funeral trust investments at December 31, 2024 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	33,735	$	—	$	—	$	33,735
Fixed income securities:

U.S agency obligations	2	387		—		(30)		357
Foreign debt	2	8,193		1,373		(7)		9,559
Corporate debt	2	7,941		351		(134)		8,158
Preferred stock	2	2,577		460		(218)		2,819


Common stock	1	26,293		3,989		(2,876)		27,406
Limited partnership fund		3,392		80		—		3,472

Mutual funds:
Equity	1	763		41		—		804
Fixed income	2	24,952		83		(2,118)		22,917
Other investments	2	1,910		—		—		1,910

Trust securities		$	110,143	$	6,377	$	(5,383)	$	111,137
Accrued investment income		$	584					$	584
Preneed cemetery trust investments								$	111,721
Market value as a percentage of cost								100.9		%


	March 31, 2025
	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	$	—	$	—	$	280	$	(24)	$	280	$	(24)
Foreign debt	—		—		202		(7)		202		(7)
Corporate debt	256		(9)		—		—		256		(9)


Total fixed income securities with an unrealized loss	$	256	$	(9)	$	482	$	(31)	$	738	$	(40)


	December 31, 2024
	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	$	—	$	—	$	274	$	(30)	$	274	$	(30)
Foreign debt	—		—		203		(7)		203		(7)
Corporate debt	1,225		(133)		—		(1)		1,225		(134)
Preferred stock	842		(4)		717		(214)		1,559		(218)

Total fixed income securities with an unrealized loss	$	2,067	$	(137)	$	1,194	$	(252)	$	3,261	$	(389)

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


	Three months ended March 31,
	2025		2024
Investment income	$	473	$	436
Realized gains	1,927		9,780
Realized losses	(1,709)		(3,209)
Unrealized gains (losses), net	1,313		(5,848)
Expenses and taxes	(105)		(371)
Net change in deferred preneed funeral receipts held in trust	(1,899)		(788)
	$	—	$	—

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


	Three months ended March 31,
	2025		2024
Purchases	$	(3,372)	$	(4,003)
Sales	17,359		15,118

Cemetery Perpetual Care Trust Investments

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


	March 31, 2025		December 31, 2024
Cemetery perpetual care trust investments, at market value	$	88,946	$	87,337
Obligations due to (due from) trust	14		(885)
Care trusts’ corpus, including HFS	$	88,960	$	86,452
Less: Held for sale	(322)		(2,234)
Care trusts' corpus	$	88,638	$	84,218

The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at March 31, 2025 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	15,220	$	—	$	—	$	15,220
Fixed income securities:


Foreign debt	2	5,005		647		(7)		5,645
Corporate debt	2	4,334		165		(322)		4,177
Preferred stock	2	567		—		(71)		496


Common stock	1	24,278		4,772		(2,859)		26,191
Limited partnership fund		3,122		—		(198)		2,924
Mutual funds:
Equity	1	467		33		(10)		490
Fixed income	2	22,784		102		(1,564)		21,322

Alternative investments		11,862		—		—		11,862
Trust securities		$	87,639	$	5,719	$	(5,031)	$	88,327
Accrued investment income		$	619					$	619
Preneed cemetery trust investments								$	88,946
Market value as a percentage of cost								100.8		%

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


Due in one year or less	$	—
Due in one to five years	2,410
Due in five to ten years	289
Thereafter	7,619
Total fixed income securities	$	10,318

The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at December 31, 2024 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	14,054	$	—	$	—	$	14,054
Fixed income securities:


Foreign debt	2	7,770		1,262		(7)		9,025
Corporate debt	2	7,942		357		(402)		7,897
Preferred stock	2	2,725		418		(148)		2,995


Common stock	1	25,563		3,866		(3,036)		26,393
Limited partnership fund		3,078		73		—		3,151

Mutual funds:
Equity	1	789		68		—		857
Fixed income	2	24,374		111		(2,115)		22,370


Trust securities		$	86,295	$	6,155	$	(5,708)	$	86,742
Accrued investment income		$	595					$	595
Preneed cemetery trust investments								$	87,337
Market value as a percentage of cost								100.5		%


	March 31, 2025
	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	$	—	$	—	$	187	$	(7)	$	187	$	(7)
Corporate debt	237		(8)		282		(314)		519		(322)
Preferred stock	—		—		496		(71)		496		(71)

Total fixed income securities with an unrealized loss	$	237	$	(8)	$	965	$	(392)	$	1,202	$	(400)


	December 31, 2024
	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	$	—	$	—	$	184	$	(7)	$	184	$	(7)
Corporate debt	1,111		(121)		316		(281)		1,427		(402)
Preferred stock	764		(4)		1,086		(144)		1,850		(148)

Total fixed income securities with an unrealized loss	$	1,875	$	(125)	$	1,586	$	(432)	$	3,461	$	(557)

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


	Three months ended March 31,
	2025		2024

Realized gains	$	251	$	1,306
Realized losses	(201)		(426)
Unrealized gains (losses), net	688		(6,069)

Net change in care trusts’ corpus	(738)		5,189
	$	—	$	—

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


	Three months ended March 31,
	2025		2024
Investment income	$	2,487	$	3,129
Realized losses	(672)		(374)
Total	$	1,815	$	2,755

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


	Three months ended March 31,
	2025		2024
Purchases	$	(3,122)	$	(3,649)
Sales	15,963		14,661

Trust Investments (Perpetual care trust investment security transactions recorded in Other, net) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Mar. 31, 2023
Perpetual Care Trust Investments \| Other revenue
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus	$ (2,755)	$ (1,815)
Debt and Equity Securities, Gain (Loss)	(374)	(672)
Investment income	3,129	2,487
Perpetual Care Trust Investments \| Other Interest Income
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus	$ (738)	5,189
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus		(242)	$ 1,678
Investment income		$ 539	$ 647

Supplementary Data (Tables)

3 Months Ended

Mar. 31, 2025

Supplemental Income Statement Elements [Abstract]

Supplementary Balance Sheet Disclosures

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



	March 31, 2025		December 31, 2024

Prepaid and other current assets:
Prepaid expenses	$	4,230	$	3,987

State income tax receivable	355		—
Other current assets	137		136
Total prepaid and other current assets, including HFS	$	4,722	$	4,123
Less: Held for sale	(3)		—
Total prepaid and other current assets	$	4,719	$	4,123

Current portion of debt and lease obligations:
Acquisition debt	$	581	$	571
Finance lease obligations	790		533
Operating lease obligations	2,843		2,810
Total current portion of debt and lease obligations, including HFS	$	4,214	$	3,914
Less: Held for sale	(22)		—
Total current portion of debt and lease obligations	$	4,192	$	3,914

Accrued and other liabilities:
Incentive compensation	$	2,707	$	12,860
Insurance	4,308		3,584
Unrecognized tax benefit	3,493		3,471
Vacation	3,114		2,803
Interest	6,521		2,288
Salaries and wages	4,838		4,867
Employee meetings and award trips	2,158		1,550
Income tax payable	1,931		208
Commissions	1,252		1,218
Perpetual care trust payable	656		2,143
Ad valorem taxes	1,249		2,314
Other accrued liabilities	1,945		1,300
Total accrued and other liabilities, including HFS	$	34,172	$	38,606
Less: Held for sale	(114)		(146)
Total accrued and other liabilities	$	34,058	$	38,460

Other long-term liabilities:
Incentive compensation	$	1,009	$	996
Deferred compensation	49		—
Other long-term liabilities	—		183
Total other long-term liabilities	$	1,058	$	1,179

Supplemental Disclosure for the Consolidated Statements of Cash Flows

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


	Three months ended March 31,
	2025		2024
Cash paid for interest and financing costs	$	2,705	$	4,083
Cash paid for taxes	1,475		461

Divested Operations (Assets held for sale and discontinued operations) (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ 1,653	$ 1,151
Operating income	476	122
Net gain on disposal	5,937	(1,501)
Income tax provision	(2,001)	452
Income from discontinued operations, net of tax	$ 4,412	$ (927)

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477349/740-270-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3A

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3B
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-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3B

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
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-Name Accounting Standards Codification
-Section 45
-Paragraph 4
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-URI https://asc.fasb.org/1943274/2147483475/205-20-45-4

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3

Stockholders' Equity Performance Awards (Details) - Performance Shares - $ / shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
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	90,894	0
Cancellations (in shares)	0	(80,276)
Awards ( in usd per share)	$ 38.59

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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

Leases - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Lease Costs (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Leases [Abstract]
Operating lease cost	$ 993	$ 978
Short-term lease cost	56	18
Variable Lease, Credit	(60)
Variable lease cost		104
Depreciation of leased assets	147	126
Interest on lease liabilities	188	125
Total finance lease cost	335	251
Total lease cost	$ 1,324	$ 1,351

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net income	$ 20,926	$ 6,973
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,401	5,460
Provision for credit losses	1,074	782
Stock-based compensation expense	1,753	489
Deferred income tax (benefit) expense	2,464	(2,342)
Amortization of intangibles	335	332
Amortization of debt issuance costs	127	176
Amortization and accretion of debt	138	132
Net (gain) loss on divestitures, disposals and impairment charges	(5,770)	1,545
Gain on sale of excess real property	(1,988)	0
Changes in operating assets and liabilities that provided (used) cash:
Accounts and preneed receivables	(2,585)	(1,800)
Inventories, prepaid and other current assets	(537)	814
Intangible and other non-current assets	(633)	(834)
Preneed funeral and cemetery trust investments	(8,005)	(15,255)
Accounts payable	(2,840)	862
Accrued and other liabilities	(3,544)	4,831
Deferred preneed funeral and cemetery revenue	(1,534)	2,267
Deferred preneed funeral and cemetery receipts held in trust	9,010	15,271
Net cash provided by operating activities	13,792	19,703
Cash flows from investing activities:
Proceeds from divestitures and sale of other assets	18,660	10,877
Proceeds from insurance claims	0	46
Capital expenditures	(3,163)	(3,551)
Net cash provided by investing activities	15,497	7,372
Cash flows from financing activities:
Borrowings from the credit facility	7,100	13,600
Payments against the credit facility	(24,100)	(38,600)
Payments on acquisition debt and obligations under finance leases	(148)	(152)
Proceeds from the exercise of stock options and employee stock purchase plan contributions	688	347
Taxes paid on restricted stock and performance award vestings and exercise of stock options	(7,629)	(418)
Dividends paid on common stock	(1,722)	(1,686)
Net cash used in financing activities	(25,811)	(26,909)
Net increase in cash and cash equivalents	3,478	166
Cash and cash equivalents at beginning of year	1,165	1,523
Cash and cash equivalents at end of year	$ 4,643	$ 1,689

Leases

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

LEASES

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


		Three months ended March 31,
	Income Statement Classification	2025		2024
Operating lease cost	Facilities and grounds expense(1)	$	993	$	978
Short-term lease cost	Facilities and grounds expense(1)	56		18
Variable lease cost	Facilities and grounds expense(1)	(60)		104

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	147	$	126
Interest on lease liabilities	Interest expense	188		125
Total finance lease cost		335		251
Total lease cost		$	1,324	$	1,351



(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):


	Three months ended March 31,
	2025		2024
Cash paid for operating leases included in operating activities	$	1,072	$	1,071
Cash paid for finance leases included in financing activities	308		277

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


	Three months ended March 31,
	2025		2024
Right-of-use assets obtained in exchange for new operating lease liabilities	$	159	$	852
Right-of-use assets obtained in exchange for new finance lease liabilities	3,483		—

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


Lease Type	Balance Sheet Classification	March 31, 2025		December 31, 2024
Operating lease right-of-use assets	Operating lease right-of-use assets, including HFS	$	14,452	$	14,953
	Less: Held for sale	(74)		—
	Operating lease right-of-use assets	$	14,378	$	14,953

Finance lease right-of-use assets	Property, plant and equipment, net	$	12,047	$	8,564
Accumulated depreciation	Property, plant and equipment, net	(3,361)		(3,214)
Finance lease right-of-use assets, net		$	8,686	$	5,350

Operating lease current liabilities	Current portion of operating lease obligations	$	2,843	$	2,810
Finance lease current liabilities	Current portion of finance lease obligations	790		533
Total current lease liabilities	Total current lease liabilities, including HFS	$	3,633	$	3,343
	Less: Held for sale	(22)		—
	Total current lease liabilities	$	3,611	$	3,343

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	13,432	$	14,035
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	9,152		6,045
Total non-current lease liabilities	Total non-current lease liabilities, including HFS	$	22,584	$	20,080
	Less: Held for sale	(53)		—
	Total non-current lease liabilities	$	22,531	$	20,080

Total lease liabilities, including HFS		$	26,217	$	23,423

The average lease terms and discount rates at March 31, 2025 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	6.9	8.1	%
Finance leases	18.8	8.4	%

The aggregate future lease payments for non-cancelable operating and finance leases at March 31, 2025 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2025	$	3,055	$	989
2026	3,985		1,328
2027	3,743		1,338
2028	3,393		1,097
2029	2,970		1,031
Thereafter	3,906		16,693
Total lease payments	$	21,052	$	22,476
Less: Interest	(4,777)		(12,534)
Present value of lease liabilities, including HFS	$	16,275	$	9,942

At March 31, 2025, 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, vehicles and equipment. The components of lease cost are as follows (in thousands):


		Three months ended March 31,
	Income Statement Classification	2025		2024
Operating lease cost	Facilities and grounds expense(1)	$	993	$	978
Short-term lease cost	Facilities and grounds expense(1)	56		18
Variable lease cost	Facilities and grounds expense(1)	(60)		104

Finance lease cost:
Depreciation of leased assets	Depreciation and amortization(2)	$	147	$	126
Interest on lease liabilities	Interest expense	188		125
Total finance lease cost		335		251
Total lease cost		$	1,324	$	1,351



(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):


	Three months ended March 31,
	2025		2024
Cash paid for operating leases included in operating activities	$	1,072	$	1,071
Cash paid for finance leases included in financing activities	308		277

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


	Three months ended March 31,
	2025		2024
Right-of-use assets obtained in exchange for new operating lease liabilities	$	159	$	852
Right-of-use assets obtained in exchange for new finance lease liabilities	3,483		—

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


Lease Type	Balance Sheet Classification	March 31, 2025		December 31, 2024
Operating lease right-of-use assets	Operating lease right-of-use assets, including HFS	$	14,452	$	14,953
	Less: Held for sale	(74)		—
	Operating lease right-of-use assets	$	14,378	$	14,953

Finance lease right-of-use assets	Property, plant and equipment, net	$	12,047	$	8,564
Accumulated depreciation	Property, plant and equipment, net	(3,361)		(3,214)
Finance lease right-of-use assets, net		$	8,686	$	5,350

Operating lease current liabilities	Current portion of operating lease obligations	$	2,843	$	2,810
Finance lease current liabilities	Current portion of finance lease obligations	790		533
Total current lease liabilities	Total current lease liabilities, including HFS	$	3,633	$	3,343
	Less: Held for sale	(22)		—
	Total current lease liabilities	$	3,611	$	3,343

Operating lease non-current liabilities	Obligations under operating leases, net of current portion	$	13,432	$	14,035
Finance lease non-current liabilities	Obligations under finance leases, net of current portion	9,152		6,045
Total non-current lease liabilities	Total non-current lease liabilities, including HFS	$	22,584	$	20,080
	Less: Held for sale	(53)		—
	Total non-current lease liabilities	$	22,531	$	20,080

Total lease liabilities, including HFS		$	26,217	$	23,423

The average lease terms and discount rates at March 31, 2025 are as follows:


	Weighted-average remaining lease term (years)	Weighted-average discount rate
Operating leases	6.9	8.1	%
Finance leases	18.8	8.4	%

The aggregate future lease payments for non-cancelable operating and finance leases at March 31, 2025 are as follows (in thousands):


	Operating		Finance
Lease payments due:
Remainder of 2025	$	3,055	$	989
2026	3,985		1,328
2027	3,743		1,338
2028	3,393		1,097
2029	2,970		1,031
Thereafter	3,906		16,693
Total lease payments	$	21,052	$	22,476
Less: Interest	(4,777)		(12,534)
Present value of lease liabilities, including HFS	$	16,275	$	9,942

At March 31, 2025, we had no significant operating or finance leases that had not yet commenced.

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 4,643	$ 1,165
Accounts receivable, net	32,590	30,193
Inventories	7,857	7,920
Prepaid and other current assets	4,719	4,123
Current assets held for sale	91	1,135
Total current assets	49,900	44,536
Preneed cemetery trust investments	103,817	98,120
Preneed funeral trust investments	108,290	106,219
Preneed cemetery receivables, net	50,034	50,958
Receivables from preneed funeral trusts, net	22,239	22,372
Property, plant and equipment, net	273,422	273,004
Cemetery property, net	109,283	109,576
Goodwill	410,703	414,859
Intangible and other non-current assets, net	40,744	40,427
Operating lease right-of-use assets	14,378	14,953
Cemetery perpetual care trust investments	88,624	85,103
Non-current assets held for sale	3,795	19,453
Total assets	1,275,229	1,279,580
Current liabilities:
Current portion of debt and lease obligations	4,192	3,914
Accounts payable	14,107	15,427
Accrued and other liabilities	34,058	38,460
Current liabilities held for sale	154	240
Total current liabilities	52,511	58,041
Acquisition debt, net of current portion	4,856	4,895
Long-term liabilities held for sale	1,963	13,842
Credit facility	118,470	135,382
Obligations under finance leases, net of current portion	9,152	6,045
Obligations under operating leases, net of current portion	13,379	14,035
Deferred preneed cemetery revenue	60,214	61,767
Deferred preneed funeral revenue	39,152	39,261
Deferred tax liability	53,893	51,429
Other long-term liabilities	1,058	1,179
Deferred preneed cemetery receipts held in trust	103,817	98,120
Deferred preneed funeral receipts held in trust	108,290	106,219
Care trusts’ corpus	88,638	84,218
Total liabilities	1,052,167	1,071,030
Commitments and contingencies:
Stockholders’ equity:
Common stock, $0.01 par value; 80,000,000 shares authorized and 27,321,003 and 26,881,355 shares issued, respectively and 15,692,935 and 15,253,537 shares outstanding, respectively	273	269
Additional paid-in capital	237,407	243,825
Retained earnings	264,135	243,209
Treasury stock, at cost; 11,627,818 shares	(278,753)	(278,753)
Total stockholders’ equity	223,062	208,550
Total liabilities and stockholders’ equity	1,275,229	1,279,580
Senior notes
Current liabilities:
Senior notes	$ 396,774	$ 396,597

Intangible and Other Non-Current Assets (Tables)

3 Months Ended

Mar. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure

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


	March 31, 2025		December 31, 2024
Trade names	$	28,116	$	28,116
Internally developed software, net of accumulated amortization of $831 and $764, respectively	6,307		5,601
Capitalized commissions on preneed contracts, net of accumulated amortization of $4,616 and $4,653, respectively	4,773		4,991
Prepaid agreements not-to-compete, net of accumulated amortization of $3,654 and $3,543, respectively	814		923
Non-current prepaid and other intangibles, net of accumulated amortization of $142 and $109, respectively	908		1,011
Other	49		—
Intangible and other non-current assets, net including HFS	$	40,967	$	40,642
Less: Held for sale	(223)		(215)
Intangible and other non-current assets, net	$	40,744	$	40,427

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense


	Capitalized Commissions		Prepaid Agreements Not-to-compete		Internally Developed Software		Non-current Prepaid and Other Intangibles
Years ending December 31,
Remainder of 2025	$	834	$	281	$	1,032	$	381
2026	790		262		1,363		467
2027	739		142		1,362		60
2028	668		78		1,164		—
2029	572		38		1,109		—
Thereafter	1,170		13		277		—
Total amortization expense	$	4,773	$	814	$	6,307	$	908

Trust Investments (Narrative) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Unrealized Losses	$ (4,387)	$ (5,383)
Debt Securities, Available-for-sale, Amortized Cost	$ 110,094	$ 110,143

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Name Accounting Standards Codification
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Paragraph 3
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
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-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Segment Reporting (Revenue, pre-tax income and total assets by segments) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2025 USD ($) numberOfOperatingLocation	Mar. 31, 2024 USD ($) numberOfOperatingLocation	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Revenues	$ 107,069	$ 103,493
Salaries, benefits and commission expenses	27,896	27,195
Cost, Overhead	4,558	4,452
Facilities and grounds expenses	4,134	3,874
General and Administrative Expense, Adjusted	3,916	3,696
Segment Reporting, Other Segment Item, Amount	25,538	35,800
Operating Income (Loss), Adjusted	31,564	19,477
Other Depreciation and Amortization	5,401	5,460
Interest Expense, Nonoperating	7,298	8,712
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Adjusted	26,254	10,722
Federal Income Tax Expense (Benefit), Continuing Operations	5,328	3,749
Total assets	1,275,229	1,260,519	$ 1,279,580
Long-Lived Assets	836,058	848,735
Goodwill	410,703	414,895	$ 414,859	$ 423,643
Payments to Acquire Productive Assets	$ 3,163	$ 3,551
Number of operating locations \| numberOfOperatingLocation	188	196
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	$ 0	$ 0
Salaries, benefits and commission expenses	0	0
Cost, Overhead	0	0
Facilities and grounds expenses	0	0
General and Administrative Expense, Adjusted	0	0
Segment Reporting, Other Segment Item, Amount	12,048	16,239
Operating Income (Loss), Adjusted	(12,048)	(16,239)
Other Depreciation and Amortization	251	237
Interest Expense, Nonoperating	7,015	8,483
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Adjusted	(19,831)	(24,856)
Federal Income Tax Expense (Benefit), Continuing Operations	(4,027)	(8,691)
Total assets	26,359	17,644
Long-Lived Assets	11,247	6,099
Goodwill	0	0
Payments to Acquire Productive Assets	$ 584	$ 150
Number of operating locations \| numberOfOperatingLocation	0	0
Services
Segment Reporting Information [Line Items]
Revenues	$ 53,010	$ 49,699
Services \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0
Merchandise
Segment Reporting Information [Line Items]
Revenues	25,595	26,799
Merchandise \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0
Cemetery interment rights
Segment Reporting Information [Line Items]
Revenues	19,991	18,703
Cemetery interment rights \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0
Other revenue
Segment Reporting Information [Line Items]
Revenues	8,473	8,292
Other revenue \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0
Property and merchandise revenue
Segment Reporting Information [Line Items]
Revenues	45,586	45,502
Cost of Goods and Services Sold, Adjusted	9,463	8,999
Property and merchandise revenue \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Cost of Goods and Services Sold, Adjusted	0	0
Funeral Home \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	74,619	71,831
Salaries, benefits and commission expenses	17,977	18,298
Cost, Overhead	3,227	3,296
Facilities and grounds expenses	2,929	2,694
General and Administrative Expense, Adjusted	3,021	2,773
Segment Reporting, Other Segment Item, Amount	11,146	13,853
Operating Income (Loss), Adjusted	28,187	23,074
Other Depreciation and Amortization	2,826	2,968
Interest Expense, Nonoperating	280	225
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Adjusted	30,069	22,869
Federal Income Tax Expense (Benefit), Continuing Operations	6,104	7,996
Total assets	777,995	790,358
Long-Lived Assets	624,384	635,574
Goodwill	354,314	356,878
Payments to Acquire Productive Assets	$ 727	$ 1,168
Number of operating locations \| numberOfOperatingLocation	160	165
Funeral Home \| Services \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 47,949	$ 44,807
Funeral Home \| Merchandise \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	21,556	22,659
Funeral Home \| Cemetery interment rights \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	0	0
Funeral Home \| Other revenue \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	5,114	4,365
Funeral Home \| Property and merchandise revenue \| Operating Segments
Segment Reporting Information [Line Items]
Cost of Goods and Services Sold, Adjusted	8,132	7,843
Cemetery \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	32,450	31,662
Salaries, benefits and commission expenses	9,919	8,897
Cost, Overhead	1,331	1,156
Facilities and grounds expenses	1,205	1,180
General and Administrative Expense, Adjusted	895	923
Segment Reporting, Other Segment Item, Amount	2,344	5,708
Operating Income (Loss), Adjusted	15,425	12,642
Other Depreciation and Amortization	2,324	2,255
Interest Expense, Nonoperating	3	4
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Adjusted	16,016	12,709
Federal Income Tax Expense (Benefit), Continuing Operations	3,251	4,444
Total assets	470,875	452,517
Long-Lived Assets	200,427	207,062
Goodwill	56,389	58,017
Payments to Acquire Productive Assets	$ 1,852	$ 2,233
Number of operating locations \| numberOfOperatingLocation	28	31
Cemetery \| Services \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 5,061	$ 4,892
Cemetery \| Merchandise \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	4,039	4,140
Cemetery \| Cemetery interment rights \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	19,991	18,703
Cemetery \| Other revenue \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	3,359	3,927
Cemetery \| Property and merchandise revenue \| Operating Segments
Segment Reporting Information [Line Items]
Cost of Goods and Services Sold, Adjusted	$ 1,331	$ 1,156

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Total income tax provision	$ 5,328	$ 3,749

Goodwill (Changes in Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Goodwill [Roll Forward]
Goodwill at the beginning of the period	$ 414,859	$ 423,643
Increase in goodwill related to assets held for sale	(4,156)	(8,784)
Goodwill at the end of the period	$ 410,703	$ 414,895

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2025

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Carriage Services, Inc. (“Carriage,” the “Company,” “we,” “us,” or “our”) is a leading provider of funeral and cemetery services and merchandise in the United States. Our operations are reported in two business segments: Funeral Home Operations, which currently accounts for approximately 70% of our total revenue and Cemetery Operations, which currently accounts for approximately 30% of our total revenue. At March 31, 2025, we operated 160 funeral homes in 25 states and 28 cemeteries in 10 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 sale of caskets and related funeral merchandise, the use of funeral home facilities for visitation and memorial services and transportation services. We provide funeral services and products on both an “atneed” (time of death) and “preneed” (planned prior to death) basis.

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

Principles of Consolidation and Interim Condensed Disclosures

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.

Inventory

Held for Sale

The table below presents the carrying amounts of the assets and liabilities included as part of the expected sale (in thousands):


	March 31, 2025		December 31, 2024
Accounts receivable, net	$	36	$	833
Inventories	52		302
Prepaid and other current assets	3		—
Current assets held for sale	$	91	$	1,135

Preneed cemetery trust investments	$	1,059	$	4,876
Preneed funeral trust investments	405		2,197
Preneed cemetery receivables, net	3		1,671
Receivables from funeral preneed trusts, net	27		—
Property, plant and equipment, net	1,554		4,898
Cemetery property, net	128		3,362
Intangible and other non-current assets, net	223		215
Operating lease right-of-use assets	74		—
Cemetery perpetual care trust investments	322		2,234
Non-current assets held for sale	$	3,795	$	19,453

Current portion of operating lease obligations	$	22	$	—
Accounts payable	18		94
Accrued and other liabilities	114		146
Current liabilities held for sale	$	154	$	240

Obligations under operating leases, net of current portion	$	53	$	—
Deferred preneed cemetery revenue	97		3,517
Deferred preneed funeral revenue	27		1,018
Deferred preneed cemetery receipts held in trust	1,059		4,876
Deferred preneed funeral receipts held in trust	405		2,197
Care trusts’ corpus	322		2,234
Long-term liabilities held for sale	$	1,963	$	13,842

Property, Plant and Equipment

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


	March 31, 2025		December 31, 2024
Land	$	85,462	$	86,609
Buildings and improvements	264,733		265,231
Furniture, equipment and vehicles	70,863		72,052
Property, plant and equipment, at cost	421,058		423,892
Less: accumulated depreciation	(146,082)		(145,990)
Property, plant and equipment, net	$	274,976	$	277,902
Less: Held for sale	(1,554)		(4,898)
Property, plant and equipment, net	$	273,422	$	273,004

Cemetery Property

Income Taxes

Subsequent Events

Divested Operations (Narrative) (Details) $ in Millions	3 Months Ended
Divested Operations (Narrative) (Details) $ in Millions	Mar. 31, 2025 USD ($) divestiture	Mar. 31, 2024 USD ($) divestiture
Funeral Homes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of businesses sold	2	6
Cemetery
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of businesses sold	3	1
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration for funeral homes and cemeteries sold \| $	$ 15.8	$ 10.9

Income Taxes (Provision of Income Taxes from Continuing Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Deferred:
Total income tax provision	$ 5,328	$ 3,749

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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


	Three months ended March 31,
		2025		2024
Numerator for basic and diluted earnings per share:
Net income		$	20,926	$	6,973
Less: Earnings allocated to unvested restricted stock		(347)		(101)
Income attributable to common stockholders		$	20,579	$	6,872

Denominator:
Denominator for basic earnings per common share – weighted average shares outstanding		15,243		14,876
Effect of dilutive securities:
Stock options		146		17

Performance awards		—		416
Denominator for diluted earnings per common share – weighted average shares outstanding		15,389		15,309

Basic earnings per common share:		$	1.35	$	0.46
Diluted earnings per common share:		$	1.34	$	0.45

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Stock options excluded from the computation of diluted earnings per share because the inclusion of such stock options would result in an antidilutive effect are as follows (in thousands):


	Three months ended March 31,
		2025	2024
Antidilutive stock options		189	1,565

Leases - Cash flow (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Cash flow (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Leases [Abstract]
Cash paid for operating leases included in operating activities	$ 1,072	$ 1,071
Cash paid for finance leases included in financing activities	$ 308	$ 277

Divested Operations (Tables)

3 Months Ended

Mar. 31, 2025

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):


	Three months ended, March 31,
		2025		2024
Revenue		$	1,653	$	1,151

Operating income		476		122
Net gain (loss) on divestitures(1)		5,937		(1,501)
Income tax (expense) benefit		(2,001)		452
Net gain (loss) from divested operations, after tax		$	4,412	$	(927)



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

Senior Notes

3 Months Ended

Mar. 31, 2025

SENIOR NOTES

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


	March 31, 2025		December 31, 2024

Principal amount	$	400,000	$	400,000

Debt discount, net of accumulated amortization of $1,986 and $1,848, respectively	(2,514)		(2,652)
Debt issuance costs, net of accumulated amortization of $565 and $526, respectively	(712)		(751)
Carrying value of the Senior Notes	$	396,774	$	396,597

At March 31, 2025, the fair value of the Senior Notes, which are Level 2 measurements, was $364.4 million.

The Senior Notes were issued under an indenture, dated as of May 13, 2021 (the “Indenture”), among the Company, the Subsidiary Guarantors and Wilmington Trust, National Association, as trustee. The Senior Notes are unsecured, senior obligations and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally by each of the Subsidiary Guarantors. The Senior Notes mature on May 15, 2029, unless earlier redeemed or purchased and bear interest at 4.25% per year, which is payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2021.

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

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


	Three months ended March 31,
		2025		2024
Senior Notes interest expense		$	4,250	$	4,250
Senior Notes amortization of debt discount		138		132

Senior Notes amortization of debt issuance costs		39		38

The debt discount and the debt issuance costs are being amortized using the effective interest method over the remaining term of approximately 50 months of the Senior Notes. The effective interest rates on the unamortized debt discount and the unamortized debt issuance costs for the Senior Notes for both the three months ended March 31, 2025 and 2024 were 4.42% and 4.30%, respectively.

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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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 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Credit Facility and Acquisition Debt

3 Months Ended

Mar. 31, 2025

CREDIT FACILITY AND ACQUISITION DEBT

At March 31, 2025, our senior secured revolving credit facility (as amended, the “Credit Facility”) was comprised of: (i) a $250.0 million revolving credit facility, including a $15.0 million subfacility for letters of credit and a $10.0 million swingline, and (ii) an accordion or incremental option allowing for future increases in the facility size by an additional amount of up to $75.0 million in the aggregate in the form of increased revolving commitments or incremental term loans.

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

On July 31, 2024, the Company entered into a fourth amendment, (the “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 Credit Facility Amendment provided, among other things, for (i) the extension of the maturity date of the Credit Facility to July 31, 2029, provided that, if the Senior Notes (as defined in the Credit Facility) have a stated maturity date that is prior to July 31, 2029, then the maturity date shall instead be the date that is 91 days prior to the stated maturity date of the Senior Notes; (ii) the

establishment of Term Secured Overnight Financing Rate (“SOFR”) as a benchmark rate and the removal of BSBY from the Credit Facility, including conforming revisions to certain defined terms under the Credit Facility; (iii) the conversion of each existing BSBY Rate Loan (as defined in the Credit Facility prior to giving effect to the Credit Facility Amendment) to a Term SOFR Loan (as defined in the Credit Facility); (iv) 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; (v) the removal of certain mandatory prepayments arising from the issuance of either Equity Interests or Debt (as both are defined by the Credit Facility); and (vi) modifications to the permitted investments covenant, relating to the Company’s ability to make certain acquisitions, subject to the satisfaction of certain conditions therein.

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, among 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 March 31, 2025, we were subject to the following financial covenants under our Credit Facility: (A) a Total Leverage Ratio not to exceed 5.00 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 March 31, 2025.

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


	March 31, 2025		December 31, 2024
Credit Facility	$	120,000	$	137,000
Debt issuance costs, net of accumulated amortization of $3,035 and $2,947, respectively	(1,530)		(1,618)
Total Credit Facility	$	118,470	$	135,382

Acquisition debt	$	5,437	$	5,466
Less: current portion	(581)		(571)
Total acquisition debt, net of current portion	$	4,856	$	4,895

At March 31, 2025, we had outstanding borrowings under the Credit Facility of $120.0 million. We also had one letter of credit for $2.2 million under the Credit Facility. The letter of credit will expire on November 25, 2025 and is expected to automatically renew annually and secures our obligations under our various self-insured policies. At March 31, 2025, we had $127.8 million of availability under the Credit Facility.

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



	Three months ended March 31,
		2025		2024
Credit Facility interest expense		$	2,499	$	3,916
Credit Facility amortization of debt issuance costs		88		138

At March 31, 2025, our outstanding borrowings under our Credit Facility bore interest at a prime rate or the SOFR rate, plus an applicable margin based on our leverage ratio. At March 31, 2025, the prime rate margin was equivalent to 1.50% and the SOFR term margin was 2.50%. The weighted average interest rate on our Credit Facility was 6.9% and 8.9% for the three months ended March 31, 2025 and 2024, respectively.

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 6.5% to 7.3%. Original maturities typically range from nine to twenty years.

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



	Three months ended March 31,
	2025		2024
Acquisition debt imputed interest expense	$	94	$	104

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Revenue:
Revenues	$ 107,069	$ 103,493
Field costs and expenses:
Cemetery property amortization	1,828	1,756
Field depreciation expense	3,322	3,467
Regional and unallocated funeral and cemetery costs	5,235	3,842
Other expenses	1,656	1,508
Total field costs and expenses	69,227	66,231
Gross profit	37,842	37,262
Corporate costs and expenses:
General, administrative and other	12,048	16,240
Net (gain) loss on divestitures, disposals and impairment charges	(5,770)	1,545
Operating income	31,564	19,477
Interest expense	7,298	8,712
Other, net	(1,988)	43
Income before income taxes	26,254	10,722
Expense for income taxes	8,191	3,519
(Benefit) expense related to discrete income tax items	(2,863)	230
Total expense for income taxes	5,328	3,749
Net income	$ 20,926	$ 6,973
Basic earnings per common share (in dollars per share)	$ 1.35	$ 0.46
Diluted earnings per common share (in dollars per share)	1.34	0.45
Dividends declared per share (in dollars per share)	$ 0.1125	$ 0.1125
Weighted average number of common and common equivalent shares outstanding:
Basic (in shares)	15,243	14,876
Diluted (in shares)	15,389	15,309
Service revenue
Revenue:
Revenues	$ 53,010	$ 49,699
Field costs and expenses:
Cost of goods and services	24,577	23,708
Property and merchandise revenue
Revenue:
Revenues	45,586	45,502
Field costs and expenses:
Cost of goods and services	32,609	31,950
Other revenue
Revenue:
Revenues	$ 8,473	$ 8,292

Basis of Presentation and Summary of Significant Accounting Policies (Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Total benefit for income taxes	$ 5,328	$ 3,749
Estimated effective income tax rate reconciliation, before discrete items, percent	(31.20%)	(32.80%)

Trust Investments (Purchases and sales of investments in preneed funeral trusts) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (3,372)	$ (4,003)
Sales	$ 17,359	$ 15,118

Receivables (Components of Cemetery receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Preneed Cemetery Receivables [Abstract]
Cemetery receivables	$ 96,921	$ 97,547
Less: unearned finance charges	(5,001)	(4,983)
Total	91,920	92,564
Less: allowance for contract cancellation and credit losses	(3,447)	(3,018)
Less: balances due on undelivered cemetery preneed contracts	(15,619)	(13,576)
Less: amounts in accounts receivable	(22,817)	(23,341)
Preneed cemetery receivables, net including HFS	50,037	52,629
Less: Held for sale	(3)	(1,671)
Preneed Receivables Net of Allowance for Bad Debts	$ 50,034	$ 50,958

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Line of Credit \| Revolving Credit Facility \| Revolving Credit Facility, Secured, Floating Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	$ 120,000	$ 137,000
Notes payable, other \| Acquisition Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	5,437	$ 5,466
Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 364,400

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

+ References + Details

Receivables (Preneed cemetery receivables) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Allowance for Contract Cancellations [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Beginning Balance	$ 1,316
Provision for Credit Losses	(1,074)	$ (782)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	1,449
Preneed Cemetery Receivables
Allowance for Contract Cancellations [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Beginning Balance	2,004
Provision for Credit Losses	(491)
Write Offs	(194)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 2,301

Earnings Per Share (Computation of Basic and Diluted Shares) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (Loss) from Continuing Operations Attributable to Parent	$ 20,926	$ 6,973
Less: Earnings allocated to unvested restricted stock	(347)	(101)
Income attributable to common stockholders	$ 20,579	$ 6,872
Denominator for basic earnings per common share - weighted average shares outstanding (in shares)	15,243	14,876
Effect of dilutive securities: Stock options (in shares)	$ 146	$ 17
Denominator for diluted earnings per common share - weighted average shares outstanding (in shares)	15,389	15,309
Basic earnings per common share (in dollars per share)	$ 1.35	$ 0.46
Diluted earnings per common share (in dollars per share)	$ 1.34	$ 0.45
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of dilutive securities: Performance awards (in shares)	0	416

Trust Investments (Purchases and sales of investments in preneed cemetery trusts) (Details) - Preneed Cemetery Trust Investments - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (4,326)	$ (3,506)
Sales	$ 16,560	$ 18,069

Recently Issued Accounting Standards	3 Months Ended
Recently Issued Accounting Standards	Mar. 31, 2025
Accounting Changes and Error Corrections [Abstract]
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS Income Taxes In December 2023, the FASB issued ASU, Income Taxes - Improvements to Income Tax Disclosures to enhance the transparency about income tax information through improvements to income tax disclosures primarily related to rate reconciliation and income taxes paid information. The amendments in this update require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation; and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than five percent of the amount computed by multiplying pretax income (loss) by the applicable statutory income tax rate). The amendments in this update also require that all entities disclose on an annual basis (1) the amount of net income taxes paid disaggregated by federal and state taxes; and (2) the amount of net income taxes paid disaggregated by individual jurisdictions in which net income taxes paid is equal to or greater than five percent of total net income taxes paid. The amendments are effective for annual periods beginning after December 15, 2024 and therefore were effective for us for our fiscal year beginning January 1, 2025 and for interim periods within our fiscal year beginning January 1, 2026. The adoption had no material impact on our consolidated financial statements as it modified disclosure requirements only. Accounting Pronouncements Not Yet Adopted Expense Disaggregation In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures. Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard provides guidance to expand disclosures related to the disaggregation of income statement expenses. The amendments in this update require, in the notes to the financial statements, disclosure of specified information about certain costs and expenses, which includes purchases of inventory, employee compensation, depreciation and intangible asset amortization included in each relevant expense caption. This guidance is effective for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, on a retrospective or prospective basis, with early adoption permitted. We expect the adoption will have no material impact on our consolidated financial statements as it modifies disclosure requirements only.

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.

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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Pay vs Performance Disclosure
Net income	$ 20,926	$ 6,973

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Receivables From Preneed Trusts [Abstract]

Credit Facility and Acquisition Debt (Senior long-term debt) (Details) $ in Thousands	Mar. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Accumulated Amortization, Debt Issuance Costs	$ 3,035	$ 2,947
Debt Issuance Costs, Net	1,530	1,618
Less: current portion	(581)	(571)
Total acquisition debt, net of current portion	$ 4,856	4,895
Ratio Actual
Debt Instrument [Line Items]
Ratio of indebtedness to net capital (in ratio)	5.00
Notes payable, other \| Acquisition Debt
Debt Instrument [Line Items]
Long-term Debt	$ 5,437	5,466
Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Long-term Debt	118,470	135,382
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility, Secured, Floating Rate
Debt Instrument [Line Items]
Long-term Debt	120,000	$ 137,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 127,800

Receivables from Preneed Funeral Trusts

3 Months Ended

Mar. 31, 2025

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):


	March 31, 2025		December 31, 2024
Preneed funeral trust funds, at cost	$	22,955	$	23,063
Less: allowance for contract cancellation	(689)		(691)
Receivables from preneed funeral trusts, net including HFS	$	22,266	$	22,372
Less: Held for sale	(27)		—
Receivables from preneed funeral trusts, net	$	22,239	$	22,372

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 March 31, 2025 and December 31, 2024. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes unrealized gains and losses on trust assets.

The composition of the preneed trust funds at March 31, 2025 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,860	$	6,860
Fixed income investments	12,803		12,803
Mutual funds and common stocks	3,288		3,090
Annuities	4		4
Total	$	22,955	$	22,757

The composition of the preneed trust funds at December 31, 2024 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,826	$	6,826
Fixed income investments	12,998		12,998
Mutual funds and common stocks	3,235		2,999
Annuities	4		4
Total	$	23,063	$	22,827

Segment Reporting

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING


Three months ended, March 31, 2025	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	47,949	$	5,061	$	—	$	53,010
Merchandise	21,556		4,039		—		25,595
Cemetery property	—		19,991		—		19,991
Other revenue	5,114		3,359		—		8,473
Total revenue	74,619		32,450		—		107,069

Less:(1)
Salaries, benefits and commission expenses	17,977		9,919		—		27,896
Cost of merchandise	8,132		1,331		—		9,463
Allocated overhead costs(2)	3,227		1,331		—		4,558
Facilities and grounds expenses	2,929		1,205		—		4,134
General and administrative expenses(3)	3,021		895		—		3,916
Other segment expenses(4)	11,146		2,344		12,048		25,538
Operating income (loss)	$	28,187	$	15,425	$	(12,048)	$	31,564

Interest expense	$	280	$	3	$	7,015	$	7,298

Depreciation and amortization	$	2,826	$	2,324	$	251	$	5,401

Income (loss) before income taxes	$	30,069	$	16,016	$	(19,831)	$	26,254

Income tax expense (benefit)	$	6,104	$	3,251	$	(4,027)	$	5,328

Total assets	$	777,995	$	470,875	$	26,359	$	1,275,229

Long-lived assets	$	624,384	$	200,427	$	11,247	$	836,058

Goodwill	$	354,314	$	56,389	$	—	$	410,703

Capital expenditures	$	727	$	1,852	$	584	$	3,163

Number of operating locations at year end	160		28		—		188

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker ("CODM").
(2) Allocated overhead costs include: property insurance costs, property tax expenses and corporate overhead fees allocated to the field, such as information technology, human resources, legal and finance.
(3) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses and office supplies.
(4) The Corporate segment's other segment expenses primarily include general, administrative and other expenses, net loss on divestitures, disposals and impairment charges and amortization and depreciation expenses. The Funeral and Cemetery segment's other segment expenses primarily include transportation costs, other funeral costs, non-payroll related promotional costs, net loss on divestitures, disposals and impairment charges and amortization and depreciation expenses.


Three months ended March 31, 2024	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	44,807	$	4,892	$	—	$	49,699
Merchandise	22,659		4,140		—		26,799
Cemetery property	—		18,703		—		18,703
Other revenue	4,365		3,927		—		8,292
Total revenue	71,831		31,662		—		103,493

Less:(1)
Salaries, benefits and commission expenses	18,298		8,897		—		27,195
Cost of merchandise	7,843		1,156		—		8,999
Allocated overhead costs(2)	3,296		1,156		—		4,452
Facilities and grounds expenses	2,694		1,180		—		3,874
General and administrative expenses(3)	2,773		923		—		3,696
Other segment expenses(4)	13,853		5,708		16,239		35,800
Operating income (loss)	$	23,074	$	12,642	$	(16,239)	$	19,477

Interest expense	$	225	$	4	$	8,483	$	8,712

Depreciation and amortization	$	2,968	$	2,255	$	237	$	5,460

Income (loss) before income taxes	$	22,869	$	12,709	$	(24,856)	$	10,722

Income tax expense (benefit)	$	7,996	$	4,444	$	(8,691)	$	3,749

Total assets	$	790,358	$	452,517	$	17,644	$	1,260,519

Long-lived assets	$	635,574	$	207,062	$	6,099	$	848,735

Goodwill	$	356,878	$	58,017	$	—	$	414,895

Capital expenditures	$	1,168	$	2,233	$	150	$	3,551

Number of operating locations at year end	165		31		—		196

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2) Allocated overhead costs include: property insurance costs, property tax expenses and corporate overhead fees allocated to the field, such as information technology, human resources, legal and finance.
(3) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses and office supplies.
(4) The Corporate segment's other segment expenses primarily include general, administrative and other expenses, net loss on divestitures, disposals and impairment charges and amortization and depreciation expenses. The Funeral and Cemetery segment's other segment expenses primarily include transportation costs, other funeral costs, non-payroll related promotional costs, net loss on divestitures, disposals and impairment charges and amortization and depreciation expenses.

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.

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Trust Investments (Fixed income securities within our preneed funeral trust investment in an unrealized loss position) (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	$ 279	$ 2,163
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(10)	(144)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	1,048	1,749
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(286)	(347)
Securities available-for-sale, unrealized loss position	1,327	3,912
Securities available-for-sale, unrealized loss position, accumulated loss	(296)	(491)
Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	256	2,067
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(9)	(137)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	482	1,194
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(31)	(252)
Securities available-for-sale, unrealized loss position	738	3,261
Securities available-for-sale, unrealized loss position, accumulated loss	(40)	(389)
U.S. agency obligations \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	0	0
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	0
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	491	479
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(35)	(46)
Securities available-for-sale, unrealized loss position	491	479
Securities available-for-sale, unrealized loss position, accumulated loss	(35)	(46)
U.S. agency obligations \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	0
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	280
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(24)
Securities available-for-sale, unrealized loss position	280
Securities available-for-sale, unrealized loss position, accumulated loss	(24)
Foreign debt \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	0	0
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	0
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	210	211
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(8)	(8)
Securities available-for-sale, unrealized loss position	210	211
Securities available-for-sale, unrealized loss position, accumulated loss	(8)	(8)
Foreign debt \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	0	0
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	0
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	202	203
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(7)	(7)
Securities available-for-sale, unrealized loss position	202	203
Securities available-for-sale, unrealized loss position, accumulated loss	(7)	(7)
Corporate debt \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	266	1,274
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(10)	(139)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	79	94
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(130)	(117)
Securities available-for-sale, unrealized loss position	345	1,368
Securities available-for-sale, unrealized loss position, accumulated loss	(140)	(256)
Corporate debt \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	256	1,225
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	(9)	(133)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	0	0
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(1)
Securities available-for-sale, unrealized loss position	256	1,225
Securities available-for-sale, unrealized loss position, accumulated loss	(9)	(134)
Preferred stock \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	13	889
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	(5)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	194	891
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(108)	(171)
Securities available-for-sale, unrealized loss position	207	1,780
Securities available-for-sale, unrealized loss position, accumulated loss	(108)	(176)
Preferred stock \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value		842
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss		(4)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value		717
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss		(214)
Securities available-for-sale, unrealized loss position		1,559
Securities available-for-sale, unrealized loss position, accumulated loss		(218)
Certificates of deposit \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value	0
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	74
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(5)
Securities available-for-sale, unrealized loss position	74
Securities available-for-sale, unrealized loss position, accumulated loss	$ (5)
Mortgage-backed securities \| Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value		0
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss		0
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value		74
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss		(5)
Securities available-for-sale, unrealized loss position		74
Securities available-for-sale, unrealized loss position, accumulated loss		(5)
US treasury securities \| Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Securities available-for-sale, continuous unrealized loss position, less than 12 months, fair market value		0
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss		0
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value		274
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss		(30)
Securities available-for-sale, unrealized loss position		274
Securities available-for-sale, unrealized loss position, accumulated loss		$ (30)

Goodwill (Narrative) (Details) $ in Thousands	3 Months Ended
Goodwill (Narrative) (Details) $ in Thousands	Mar. 31, 2025 USD ($) divestiture	Mar. 31, 2024 USD ($) divestiture
Goodwill [Line Items]
Goodwill, related to sale	$ 4,156	$ 8,784
Cemetery
Goodwill [Line Items]
Goodwill, related to sale	2,600	7,800
Funeral
Goodwill [Line Items]
Goodwill, related to sale	$ 1,600	1,000
Funeral Homes
Goodwill [Line Items]
Goodwill, related to sale		$ 8,700
Number of businesses sold \| divestiture	2	6
Cemetery
Goodwill [Line Items]
Number of businesses sold \| divestiture	3	1

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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