0001016281-25-000103 | 10-Q | XBRL Viewer

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Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 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

Segment Reporting

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

SEGMENT REPORTING

Our Chief Operating Decision Maker (the “CODM”), who is the Chief Executive Officer, utilizes segment operating income (loss) for resource allocation across segments, particularly during the annual budgeting and forecasting processes. The CODM examines variances on a monthly basis to make informed decisions regarding capital and personnel distribution among segments. Additionally, the CODM employs segment gross profit for product pricing evaluation and uses segment adjusted operating profit to assess each segment’s performance by comparing results and return on assets against expected outcomes.

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), capital expenditures and number of operating locations by segment as follows, (in thousands, except number of operating locations) for the three and six months ended June 30, 2025 and 2024, respectively:


Six months ended, June 30, 2025	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	89,257	$	10,263	$	—	$	99,520
Merchandise	39,820		8,369		—		48,189
Cemetery property	—		43,910		—		43,910
Other revenue	10,789		6,808		—		17,597
Total revenue	139,866		69,350		—		209,216

Less:
Salaries, benefits and commission expenses	34,988		20,452		—		55,440
Cost of merchandise	14,979		2,699		—		17,678
Allocated overhead costs(1)	6,613		2,699		—		9,312
Facilities and grounds expenses	5,638		2,765		—		8,403
General and administrative expenses(2)	5,724		1,851		—		7,575
Other segment expenses(3)	22,058		9,202		23,986		55,246
Operating income (loss)	$	49,866	$	29,682	$	(23,986)	$	55,562

Interest expense	$	684	$	6	$	13,642	$	14,332

Depreciation and amortization	$	5,661	$	5,018	$	895	$	11,574

Income (loss) before income taxes	$	51,867	$	31,078	$	(39,834)	$	43,111

Income tax expense (benefit)	$	12,567	$	7,530	$	(9,651)	$	10,446







Capital expenditures	$	1,258	$	3,701	$	1,049	$	6,008

Number of operating locations at year end	159		28		—		187


(1) 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.
(2) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses, and office supplies.
(3) 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.


Six months ended June 30, 2024	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	84,396	$	9,736	$	—	$	94,132
Merchandise	42,323		8,623		—		50,946
Cemetery property	—		44,146		—		44,146
Other revenue	8,707		7,880		—		16,587
Total revenue	135,426		70,385		—		205,811

Less:(1)
Salaries, benefits and commission expenses	35,158		19,185		—		54,343
Cost of merchandise	14,541		2,357		—		16,898
Allocated overhead costs(2)	6,606		2,357		—		8,963
Facilities and grounds expenses	5,063		2,802		—		7,865
General and administrative expenses(3)	5,272		1,802		—		7,074
Other segment expenses(4)	24,944		13,037		34,841		72,822
Operating income (loss)	$	43,842	$	28,845	$	(34,841)	$	37,846

Interest expense	$	447	$	7	$	16,582	$	17,036

Depreciation and amortization	$	5,875	$	5,313	$	476	$	11,664

Income (loss) before income taxes	$	43,901	$	29,012	$	(51,732)	$	21,181

Income tax expense (benefit)	$	16,475	$	10,888	$	(19,414)	$	7,949







Capital expenditures	$	2,415	$	4,472	$	209	$	7,096

Number of operating locations at year end	164		31		—		195


(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.

- Definition

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

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+ Details

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 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 9) and Senior Notes (as defined in Note 10) are classified within Level 2 of the Fair Value Measurements hierarchy. At June 30, 2025, the carrying value and fair value of our Credit Facility was $112.9 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 June 30, 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 $378.3 million at June 30, 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 June 30, 2025 because the investments include restrictions that do not allow for liquidation until 2027. As of June 30, 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 48% 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 52% of the total alternative investment and can be liquidated with a 15-day notice period with no restrictions. As of June 30, 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 Condensed Consolidated Financial Statements for the fair value hierarchy levels of our trust investments.

- Definition

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

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+ Details

Receivables (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
Receivables (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Funeral Home
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 8.9	$ 10.2
Service contract, average term (in years)	10 years
Cemetery
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 15.8	$ 13.6
Service contract, average term (in years)	8 years

Trust Investments (Cost and fair market values associated with preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 104,114	$ 106,143
Accrued investment income	100.00%	100.60%
Preneed Cemetery Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 103,414	$ 104,900
Unrealized Gains	2,099	6,861
Unrealized Losses	(2,130)	(6,248)
Fair Market Value	103,383	105,513
Preneed Cemetery Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	731	630
Fair Market Value	731	630
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	110,795	110,143
Unrealized Gains	1,963	6,377
Unrealized Losses	(1,752)	(5,383)
Fair Market Value	111,006	111,137
Preneed cemetery trust investments	$ 111,668	$ 111,721
Accrued investment income	100.20%	100.90%
Preneed Funeral Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 662	$ 584
Fair Market Value	662	$ 584
Perpetual Care Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 4,118
Accrued investment income	99.80%	100.50%
Perpetual Care Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 86,589	$ 86,295
Unrealized Gains	1,940	6,155
Unrealized Losses	(2,153)	(5,708)
Fair Market Value	86,376	86,742
Perpetual Care Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	690	595
Fair Market Value	690	595
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Cash and Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	17,436	23,215
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	17,436	23,215
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	14,838	29,325
Unrealized Gains	1,435	4,322
Unrealized Losses	(1,754)	(3,381)
Fair Market Value	14,519	30,266
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,550	3,530
Unrealized Gains	0	84
Unrealized Losses	(237)	0
Fair Market Value	3,313	3,614
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	500	911
Unrealized Gains	0	85
Unrealized Losses	(5)	0
Fair Market Value	495	996
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Cash and Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	31,781	33,735
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	31,781	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	13,570	26,293
Unrealized Gains	1,343	3,989
Unrealized Losses	(1,460)	(2,876)
Fair Market Value	13,453	27,406
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,325	3,392
Unrealized Gains	0	80
Unrealized Losses	(222)	0
Fair Market Value	3,103	3,472
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Cash and Cash Equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	8,552	14,054
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	8,552	14,054
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	13,521	25,563
Unrealized Gains	1,353	3,866
Unrealized Losses	(1,741)	(3,036)
Fair Market Value	13,133	26,393
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,126	3,078
Unrealized Gains	0	73
Unrealized Losses	(209)	0
Fair Market Value	2,917	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	(30)	(46)
Fair Market Value	496	619
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,542	8,575
Unrealized Gains	85	1,431
Unrealized Losses	0	(8)
Fair Market Value	1,627	9,998
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	2,725	8,500
Unrealized Gains	167	365
Unrealized Losses	(46)	(256)
Fair Market Value	2,846	8,609
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	43	2,833
Unrealized Gains	1	479
Unrealized Losses	0	(176)
Fair Market Value	44	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	37,791	27,268
Unrealized Gains	272	94
Unrealized Losses	(53)	(2,376)
Fair Market Value	38,010	24,986
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	24,384
Unrealized Gains	139
Unrealized Losses	0
Fair Market Value	24,523
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| U.S. agency obligations
Debt and Equity Securities, FV-NI [Line Items]
Cost	305	387
Unrealized Gains	0	0
Unrealized Losses	(21)	(30)
Fair Market Value	284	357
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,397
Unrealized Gains	81
Unrealized Losses	0
Fair Market Value	1,478
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	2,503	7,941
Unrealized Gains	156	351
Unrealized Losses	0	(134)
Fair Market Value	2,659	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	0	763
Unrealized Gains	0	41
Unrealized Losses	0	0
Fair Market Value	0	804
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	22,838
Unrealized Gains	131
Unrealized Losses	0
Fair Market Value	22,969
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,413	7,770
Unrealized Gains	76	1,262
Unrealized Losses	0	(7)
Fair Market Value	1,489	9,025
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	2,517	7,942
Unrealized Gains	147	357
Unrealized Losses	(145)	(402)
Fair Market Value	2,519	7,897
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	112	2,725
Unrealized Gains	0	418
Unrealized Losses	(2)	(148)
Fair Market Value	110	2,995
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	750	789
Unrealized Gains	0	68
Unrealized Losses	(8)	0
Fair Market Value	742	857
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	35,130	24,374
Unrealized Gains	241	111
Unrealized Losses	(48)	(2,115)
Fair Market Value	35,323	$ 22,370
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	21,468
Unrealized Gains	123
Unrealized Losses	0
Fair Market Value	$ 21,591

Subsequent Events (Details) $ in Millions		6 Months Ended
Subsequent Events (Details) $ in Millions	Jul. 16, 2025 USD ($) divestiture	Jun. 30, 2025 USD ($) divestiture	Jun. 30, 2024 divestiture
Discontinued Operations, Disposed of by Sale
Subsequent Event [Line Items]
Consideration for funeral homes and cemeteries sold \| $		$ 15.8
Funeral Homes
Subsequent Event [Line Items]
Number of businesses sold		2	6
Cemetery
Subsequent Event [Line Items]
Number of businesses sold		3	1
Subsequent Event \| Funeral Homes
Subsequent Event [Line Items]
Number of businesses sold	3
Subsequent Event \| Funeral Homes \| Discontinued Operations, Disposed of by Sale
Subsequent Event [Line Items]
Consideration for funeral homes and cemeteries sold \| $	$ 5.5
Subsequent Event \| Cemetery
Subsequent Event [Line Items]
Number of businesses sold	1

Receivables from Preneed Funeral Trusts (Tables)

6 Months Ended

Jun. 30, 2025

Receivables From Preneed Trusts [Abstract]

Receivables from Preneed Funeral Trust Funds

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


	June 30, 2025		December 31, 2024
Preneed funeral trust funds, at cost	$	22,733	$	23,063
Less: allowance for contract cancellation	(682)		(691)
Receivables from preneed funeral trusts, net including HFS	$	22,051	$	22,372
Less: Held for sale	(27)		—
Receivables from preneed funeral trusts, net	$	22,024	$	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 June 30, 2025, is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,964	$	6,964
Fixed income investments	12,530		12,530
Mutual funds and common stocks	3,235		3,082
Annuities	4		4
Total	$	22,733	$	22,580

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

Receivables (Amortized cost basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Receivables [Abstract]
2025	$ 30,003
2024	39,497
2023	17,377
2022	9,396
2021	3,431
Prior	1,422
Total	$ 101,126	$ 92,564

Credit Facility and Acquisition Debt (Senior long-term debt) (Details) $ in Thousands	Jun. 30, 2025 USD ($)	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Accumulated Amortization, Debt Issuance Costs	$ 3,124	$ 2,947
Debt Issuance Costs, Net	1,442	1,618
Less: current portion	(591)	(571)
Total acquisition debt, net of current portion	$ 4,817	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	$ 5,408	5,466
Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Long-term debt	111,458	135,382
Revolving Credit Facility \| Line of Credit \| Revolving Credit Facility, Secured, Floating Rate
Debt Instrument [Line Items]
Long-term debt	112,900	$ 137,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 134,900

Basis of Presentation and Summary of Significant Accounting Policies (Additional Information) (Details)	6 Months Ended
	Jun. 30, 2025 segment numberOfOperatingLocation state	Jun. 30, 2024 numberOfOperatingLocation
Organization Description and Operations [Line Items]
Number of business segments \| segment	2
Number of operating locations	187	195
Number of states in which the entity operated funeral homes (in States) \| state	25
Number of states in which the entity operated cemeteries (in States) \| state	10
Funeral Homes
Organization Description and Operations [Line Items]
Revenue, percentage	70.00%
Funeral Homes \| Operating Segments
Organization Description and Operations [Line Items]
Number of operating locations	159
Cemeteries
Organization Description and Operations [Line Items]
Revenue, percentage	30.00%
Cemetery \| Operating Segments
Organization Description and Operations [Line Items]
Number of operating locations	28	31

Earnings Per Share (Stock Options Excluded from Computation) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Earnings Per Share [Abstract]
Antidilutive securities excluded from earnings per share	228,000	1,433,000	224,000	1,456,000

Receivables (Allowance for credit losses by portfolio segment) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2025 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ (712)
Provision for Credit Losses	(1,095)
Write Offs	1,823
Recoveries	(374)
Balance at end of period	(358)
Funeral
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	302
Provision for Credit Losses	(518)
Write Offs	232
Recoveries	(374)
Balance at end of period	(358)
Cemetery
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	(1,014)
Provision for Credit Losses	(577)
Write Offs	1,591
Recoveries	0
Balance at end of period	$ 0

Receivables from Preneed Funeral Trusts (Receivables from preneed funeral trust funds) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Receivables From Preneed Trusts [Abstract]
Preneed funeral trust funds, at cost	$ 22,733	$ 23,063
Less: allowance for contract cancellation	(682)	(691)
Receivables from preneed funeral trusts, net including HFS	22,051	22,372
Receivables from Preneed Funeral Trusts, HFS	(27)	0
Receivables from preneed funeral trusts, net	$ 22,024	$ 22,372

Receivables (Aging of past due financing receivables) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 105,913	$ 97,547
Total Financing Receivables	105,913
Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	85,376
Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Total Financing Receivables	20,537
31-60 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	2,372
31-60 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,857
31-60 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	515
61-90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,310
61-90 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,142
61-90 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	168
91-120 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	852
91-120 Days Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	668
91-120 Days Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	184
Greater than 120 Day Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,889
Greater than 120 Day Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	3,263
Greater than 120 Day Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	626
Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	8,423
Total Past Due \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	6,930
Total Past Due \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	1,493
Current
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	97,490
Current \| Recognized revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	78,446
Current \| Deferred revenue
Financing Receivable Recorded Investment Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 19,044

Trust Investments (Tables)

6 Months Ended

Jun. 30, 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):


	June 30, 2025		December 31, 2024
Preneed cemetery trust investments, at market value	$	104,114	$	106,143
Less: allowance for contract cancellation	(3,102)		(3,147)
Preneed cemetery trust investments	$	101,012	$	102,996
Less: Held for sale	(1,104)		(4,876)
Preneed cemetery trust investments	$	99,908	$	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 June 30, 2025, are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	17,436	$	—	$	—	$	17,436
Fixed income securities:

U.S. agency obligations	2	526		—		(30)		496
Foreign debt	2	1,542		85		—		1,627
Corporate debt	2	2,725		167		(46)		2,846
Preferred stock	2	43		1		—		44
Certificates of deposit	2	79		—		(5)		74

Common stock	1	14,838		1,435		(1,754)		14,519
Limited partnership fund		3,550		—		(237)		3,313
Mutual funds:
Equity	1	500		—		(5)		495
Fixed income	2	37,791		272		(53)		38,010
Alternative investments		24,384		139		—		24,523
Trust securities		$	103,414	$	2,099	$	(2,130)	$	103,383
Accrued investment income		$	731					$	731

Preneed cemetery trust investments								$	104,114
Market value as a percentage of cost								100.0		%

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	$	74
Due in one to five years	2,120
Due in five to ten years	211
Thereafter	2,682
Total fixed income securities	$	5,087

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 June 30, 2025, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	June 30, 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	$	—	$	—	$	496	$	(30)	$	496	$	(30)
Foreign debt	—		—		—		—		—		—
Corporate debt	—		—		6		(46)		6		(46)
Preferred stock	—		—		—		—		—		—
Certificates of deposit	—		—		74		(5)		74		(5)
Total fixed income securities with an unrealized loss	$	—	$	—	$	576	$	(81)	$	576	$	(81)

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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
Investment income	$	770	$	844	$	1,417	$	1,383
Realized gains	6,199		924		8,202		11,500
Realized losses	(5,494)		(4,747)		(7,097)		(8,511)
Unrealized gains (losses), net	(886)		2,023		(31)		(4,936)
Expenses and taxes	(585)		(705)		(809)		(1,339)
Net change in deferred preneed cemetery receipts held in trust	(4)		1,661		(1,682)		1,903
	$	—	$	—	$	—	$	—

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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
Purchases	$	(38,172)	$	(6,784)	$	(41,678)	$	(11,110)
Sales	29,933		5,177		48,002		21,737

Components of preneed funeral trust investments

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


	June 30, 2025		December 31, 2024
Preneed funeral trust investments, at market value	$	111,668	$	111,721
Less: allowance for contract cancellation	(3,324)		(3,305)
Preneed funeral trust investments	$	108,344	$	108,416
Less: Held for sale	(177)		(2,197)
Preneed funeral trust investments	$	108,167	$	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	1,858
Due in five to ten years	98
Thereafter	2,465
Total fixed income securities	$	4,421

Cost and fair market values associated with preneed funeral trust investments

The cost and market values associated with preneed funeral trust investments at June 30, 2025 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	31,781	$	—	$	—	$	31,781
Fixed income securities:

U.S agency obligations	2	305		—		(21)		284
Foreign debt	2	1,397		81		—		1,478
Corporate debt	2	2,503		156		—		2,659



Common stock	1	13,570		1,343		(1,460)		13,453
Limited partnership fund		3,325		—		(222)		3,103
Mutual funds:
Equity	1	—		—		—		—
Fixed income	2	33,196		252		(49)		33,399
Other investments	2	1,880		—		—		1,880
Alternative investments		22,838		131		—		22,969
Trust securities		$	110,795	$	1,963	$	(1,752)	$	111,006
Accrued investment income		$	662					$	662
Preneed cemetery trust investments								$	111,668
Market value as a percentage of cost								100.2		%

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 June 30, 2025, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	June 30, 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	$	—	$	—	$	283	$	(21)	$	283	$	(21)
Foreign debt	—		—		—		—		—		—
Corporate debt	—		—		—		—		—		—
Preferred stock	—		—		—		—		—		—

Total fixed income securities with an unrealized loss	$	—	$	—	$	283	$	(21)	$	283	$	(21)

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 June 30,				Six months ended June 30,
	2025		2024		2025	2024
Purchases	$	(33,083)	$	(6,211)	(36,455)	(10,214)
Sales	25,098		4,608		42,457	19,726

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):


	June 30, 2025		December 31, 2024
Cemetery perpetual care trust investments, at market value	$	87,066	$	87,337
Obligations due to (due from) trust	366		(885)
Care trusts’ corpus, including HFS	$	87,432	$	86,452
Less: Held for sale	(322)		(2,234)
Care trusts' corpus	$	87,110	$	84,218

The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at June 30, 2025 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	8,552	$	—	$	—	$	8,552
Fixed income securities:


Foreign debt	2	1,413		76		—		1,489
Corporate debt	2	2,517		147		(145)		2,519
Preferred stock	2	112		—		(2)		110


Common stock	1	13,521		1,353		(1,741)		13,133
Limited partnership fund		3,126		—		(209)		2,917
Mutual funds:
Equity	1	750		—		(8)		742
Fixed income	2	35,130		241		(48)		35,323

Alternative investments		21,468		123		—		21,591
Trust securities		$	86,589	$	1,940	$	(2,153)	$	86,376
Accrued investment income		$	690					$	690
Preneed cemetery trust investments								$	87,066
Market value as a percentage of cost								99.8		%

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	1,590
Due in five to ten years	110
Thereafter	2,418
Total fixed income securities	$	4,118

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 June 30, 2025, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):


	June 30, 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	$	—	$	—	$	—	$	—	$	—	$	—
Corporate debt	—		—		18		(145)		18		(145)
Preferred stock	111		(2)		—		—		111		(2)

Total fixed income securities with an unrealized loss	$	111	$	(2)	$	18	$	(145)	$	129	$	(147)

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 June 30,				Six months ended June 30,
	2025		2024		2025		2024

Realized gains	$	1,028	$	113	1,279		1,419
Realized losses	(1,228)		(663)		$	(1,429)	$	(1,089)
Unrealized gains (losses), net	(901)		1,840		(213)		(4,229)

Net change in care trusts’ corpus	1,101		(1,290)		363		3,899
	$	—	$	—	$	—	$	—

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


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Investment income	$	2,420	$	3,495	$	4,907	$	6,624
Realized losses	(587)		(751)		(1,259)		(1,125)
Total	$	1,833	$	2,744	$	3,648	$	5,499

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


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Purchases	$	(35,774)	$	(5,464)	$	(38,896)	$	(9,113)
Sales	26,968		4,469		$	42,931	$	19,130

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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
Investment income	$	521	$	675	994		1,111
Realized gains	5,521		846		7,448		10,626
Realized losses	(4,519)		(4,295)		(6,228)		(7,504)
Unrealized gains (losses), net	(1,102)		1,873		211		(3,975)
Expenses and taxes	(365)		(296)		(470)		(667)
Net change in deferred preneed funeral receipts held in trust	(56)		1,197		(1,955)		409
	$	—	$	—	$	—	$	—

Divested Operations (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
Divested Operations (Narrative) (Details) $ in Millions	Jun. 30, 2025 USD ($) divestiture	Jun. 30, 2025 USD ($) divestiture	Jun. 30, 2024 divestiture	Dec. 31, 2024 USD ($)
Funeral Homes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of funeral homes merged	1		1
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	$ 15.8
Discontinued Operations, Disposed of by Sale \| KENTUCKY
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration for funeral homes and cemeteries sold \| $				$ 10.9

Receivables (Components of Cemetery receivables) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Preneed Cemetery Receivables [Abstract]
Cemetery receivables	$ 105,913	$ 97,547
Less: unearned finance charges	(4,787)	(4,983)
Total	101,126	92,564
Less: allowance for contract cancellation and credit losses	(3,544)	(3,018)
Less: balances due on undelivered cemetery preneed contracts	(15,750)	(13,576)
Less: amounts in accounts receivable	(25,110)	(23,341)
Preneed cemetery receivables, net including HFS	56,722	52,629
Less: Held for sale	(5)	(1,671)
Preneed Receivables Net of Allowance for Bad Debts	$ 56,717	$ 50,958

Trust Investments (Preneed cemetery trust investment security transactions) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Debt and Equity Securities, FV-NI [Line Items]
Other, net	$ (107)	$ (3)	$ 1,881	$ (46)
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net	770	844	1,417	1,383
Realized gains	6,199	924	8,202	11,500
Realized losses	(5,494)	(4,747)	(7,097)	(8,511)
Unrealized gains (losses), net	(886)	2,023	(31)	(4,936)
Expenses and taxes	(585)	(705)	(809)	(1,339)
Net change in deferred preneed cemetery receipts held in trust	(4)	1,661	(1,682)	1,903
Other, net	$ 0	$ 0	$ 0	$ 0

Trust Investments (Perpetual care trust investment security transactions recorded in Other revenue) (Details) - Preneed Cemetery Trust Investments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Gain (Loss) on Securities [Line Items]
Investment income	$ 770	$ 844	$ 1,417	$ 1,383
Net change in Care trusts’ corpus	4	(1,661)	1,682	(1,903)
Unrealized gains (losses), net	$ (886)	$ 2,023	$ (31)	$ (4,936)

Divested Operations (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended, June 30,
	2025		2024		2025		2024
Revenue	$	(3)	$	121	$	1,650	$	1,272

Operating income	42		33		518		151
Income on divestitures(1)	1		(8)		5,938		(1,509)
Income tax (expense) benefit	(13)		(8)		(2,014)		451
Net gain (loss) from divested operations, after tax	$	30	$	17	$	4,442	$	(907)



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

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Pay vs Performance Disclosure
Net income	$ 11,739	$ 6,259	$ 32,665	$ 13,232

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 65
-Paragraph 2
-Subparagraph (g)(3)
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-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Paragraph 2
-Subparagraph (SX 210.5-03(20))
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-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SX 210.4-08(g)(1)(ii))
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

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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
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-Section 65
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-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
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-Subparagraph (a)
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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Reference 35: http://www.xbrl.org/2003/role/disclosureRef
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
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Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Credit Facility and Acquisition Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

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


	June 30, 2025		December 31, 2024
Credit Facility	$	112,900	$	137,000
Debt issuance costs, net of accumulated amortization of $3,124 and $2,947, respectively	(1,442)		(1,618)
Total Credit Facility	$	111,458	$	135,382

Acquisition debt	$	5,408	$	5,466
Less: current portion	(591)		(571)
Total acquisition debt, net of current portion	$	4,817	$	4,895

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



	Three months ended June 30,		Six months ended June 30,
	2025	2024	2025		2024
Credit Facility interest expense	2,102	3,523	$	4,601	$	7,439
Credit Facility amortization of debt issuance costs	89	138	177		276

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



	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025	2024
Acquisition debt imputed interest expense	$	93	$	103	187	207

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 June 30,		Six months ended June 30,
	2025	2024	2025		2024
Senior Notes interest expense	4,250	4,250	$	8,500	$	8,500
Senior Notes amortization of debt discount	140	134	278		266

Senior Notes amortization of debt issuance costs	40	38	79		76

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Fair Value Measurements (Details) $ in Thousands	6 Months Ended
Fair Value Measurements (Details) $ in Thousands	Jun. 30, 2025 USD ($) investment	Dec. 31, 2024 USD ($)
Alternative investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of alternative investments \| investment	2
Alternative Investments, Real Estate Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percent of alternative investment	48.00%
Liquidation period	40 days
Maximum percent of liquidation of total funds	5.00%
Alternative Investments, Structured Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percent of alternative investment	52.00%
Liquidation period	15 days
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	$ 112,900	$ 137,000
Notes payable, other \| Acquisition Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	5,408	$ 5,466
Senior notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 378,300

Trust Investments (Purchases and sales of investments in the perpetual care trusts) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Purchases	$ (35,774)	$ (5,464)	$ (38,896)	$ (9,113)
Sales	26,968	4,469	42,931	19,130
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Purchases	(38,172)	(6,784)	(41,678)	(11,110)
Sales	$ 29,933	$ 5,177	$ 48,002	$ 21,737

Trust Investments (Cost and fair market values associated with the trust investments held in perpetual care trust) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Cost	$ 4,118
Preneed funeral trust investments	$ 87,066	$ 87,337
Accrued investment income	99.80%	100.50%
Perpetual Care Trust Investments \| Accrued Investment Income
Gain (Loss) on Securities [Line Items]
Cost	$ 690	$ 595
Fair Market Value	690	595
Perpetual Care Trust Investments \| Trust Securities
Gain (Loss) on Securities [Line Items]
Cost	86,589	86,295
Unrealized Gains	1,940	6,155
Unrealized Losses	(2,153)	(5,708)
Fair Market Value	86,376	86,742
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Preneed cemetery trust investments	$ 104,114	$ 106,143
Accrued investment income	100.00%	100.60%
Preneed Cemetery Trust Investments \| Accrued Investment Income
Gain (Loss) on Securities [Line Items]
Cost	$ 731	$ 630
Fair Market Value	731	630
Preneed Cemetery Trust Investments \| Trust Securities
Gain (Loss) on Securities [Line Items]
Cost	103,414	104,900
Unrealized Gains	2,099	6,861
Unrealized Losses	(2,130)	(6,248)
Fair Market Value	103,383	105,513
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Cash and cash equivalents
Gain (Loss) on Securities [Line Items]
Cost	8,552	14,054
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	8,552	14,054
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Common Stock
Gain (Loss) on Securities [Line Items]
Cost	13,521	25,563
Unrealized Gains	1,353	3,866
Unrealized Losses	(1,741)	(3,036)
Fair Market Value	13,133	26,393
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Limited Partnership Fund
Gain (Loss) on Securities [Line Items]
Cost	3,126	3,078
Unrealized Gains	0	73
Unrealized Losses	(209)	0
Fair Market Value	2,917	3,151
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Cash and cash equivalents
Gain (Loss) on Securities [Line Items]
Cost	17,436	23,215
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	17,436	23,215
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Common Stock
Gain (Loss) on Securities [Line Items]
Cost	14,838	29,325
Unrealized Gains	1,435	4,322
Unrealized Losses	(1,754)	(3,381)
Fair Market Value	14,519	30,266
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Equity Securities
Gain (Loss) on Securities [Line Items]
Cost	500	911
Unrealized Gains	0	85
Unrealized Losses	(5)	0
Fair Market Value	495	996
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Limited Partnership Fund
Gain (Loss) on Securities [Line Items]
Cost	3,550	3,530
Unrealized Gains	0	84
Unrealized Losses	(237)	0
Fair Market Value	3,313	3,614
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Foreign Debt
Gain (Loss) on Securities [Line Items]
Cost	1,413	7,770
Unrealized Gains	76	1,262
Unrealized Losses	0	(7)
Fair Market Value	1,489	9,025
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost	2,517	7,942
Unrealized Gains	147	357
Unrealized Losses	(145)	(402)
Fair Market Value	2,519	7,897
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Preferred Stock
Gain (Loss) on Securities [Line Items]
Cost	112	2,725
Unrealized Gains	0	418
Unrealized Losses	(2)	(148)
Fair Market Value	110	2,995
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Fixed income
Gain (Loss) on Securities [Line Items]
Cost	35,130	24,374
Unrealized Gains	241	111
Unrealized Losses	(48)	(2,115)
Fair Market Value	35,323	22,370
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Equity Securities
Gain (Loss) on Securities [Line Items]
Cost	750	789
Unrealized Gains	0	68
Unrealized Losses	(8)	0
Fair Market Value	742	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	(30)	(46)
Fair Market Value	496	619
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Foreign Debt
Gain (Loss) on Securities [Line Items]
Cost	1,542	8,575
Unrealized Gains	85	1,431
Unrealized Losses	0	(8)
Fair Market Value	1,627	9,998
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Gain (Loss) on Securities [Line Items]
Cost	2,725	8,500
Unrealized Gains	167	365
Unrealized Losses	(46)	(256)
Fair Market Value	2,846	8,609
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Preferred Stock
Gain (Loss) on Securities [Line Items]
Cost	43	2,833
Unrealized Gains	1	479
Unrealized Losses	0	(176)
Fair Market Value	44	3,136
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Gain (Loss) on Securities [Line Items]
Cost	37,791	27,268
Unrealized Gains	272	94
Unrealized Losses	(53)	(2,376)
Fair Market Value	38,010	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

Trust Investments (Preneed funeral trust investment security transactions) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Debt and Equity Securities, FV-NI [Line Items]
Other, net	$ (107)	$ (3)	$ 1,881	$ (46)
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net	521	675	994	1,111
Realized gains	5,521	846	7,448	10,626
Realized losses	(4,519)	(4,295)	(6,228)	(7,504)
Unrealized gains (losses), net	(1,102)	1,873	211	(3,975)
Expenses and taxes	(365)	(296)	(470)	(667)
Decrease in deferred preneed funeral receipts held in trust	(56)	1,197	(1,955)	409
Other, net	0	0	0	0
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Investment Income, Net	770	844	1,417	1,383
Realized gains	6,199	924	8,202	11,500
Realized losses	(5,494)	(4,747)	(7,097)	(8,511)
Unrealized gains (losses), net	(886)	2,023	(31)	(4,936)
Expenses and taxes	(585)	(705)	(809)	(1,339)
Decrease in deferred preneed funeral receipts held in trust	(4)	1,661	(1,682)	1,903
Other, net	0	0	0	0
Perpetual Care Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Other, net	0	0	0	0
Perpetual Care Trust Investments \| Other Interest Income
Debt and Equity Securities, FV-NI [Line Items]
Realized gains	1,028	113	1,279	1,419
Realized losses	(1,228)	(663)	(1,429)	(1,089)
Unrealized gains (losses), net	901	(1,840)	213	4,229
Decrease in deferred preneed funeral receipts held in trust	$ (1,101)	$ 1,290	$ (363)	$ (3,899)

Divested Operations

6 Months Ended

Jun. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Divested Operations

DIVESTED OPERATIONS

During the three months ended June 30, 2025, we merged one funeral home with another business we own in an existing market. During the six months ended June 30, 2025, we sold two funeral homes and three cemeteries for an aggregate of $15.8 million and merged one funeral homes with another business we own in an existing market.

During the three months ended June 30, 2024, we merged one funeral home with another business we own in an existing market. During the six months ended June 30, 2024, we sold six funeral homes and one cemetery for an aggregate of $10.9 million and merged one funeral home with another business we own in an existing market.

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 June 30,				Six months ended, June 30,
	2025		2024		2025		2024
Revenue	$	(3)	$	121	$	1,650	$	1,272

Operating income	42		33		518		151
Income on divestitures(1)	1		(8)		5,938		(1,509)
Income tax (expense) benefit	(13)		(8)		(2,014)		451
Net gain (loss) from divested operations, after tax	$	30	$	17	$	4,442	$	(907)



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

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,398	$ 1,165
Accounts receivable, net	34,830	30,193
Inventories	7,580	7,920
Prepaid and other current assets	7,454	4,123
Current assets held for sale	61	1,135
Total current assets	51,323	44,536
Preneed cemetery trust investments	99,908	98,120
Preneed funeral trust investments	108,167	106,219
Preneed cemetery receivables, net	56,717	50,958
Receivables from preneed funeral trusts, net	22,024	22,372
Property, plant, and equipment, net	271,445	273,004
Cemetery property, net	110,574	109,576
Goodwill	410,703	414,859
Intangible and other non-current assets, net	40,382	40,427
Operating lease right-of-use assets	14,268	14,953
Cemetery perpetual care trust investments	86,744	85,103
Non-current assets held for sale	3,459	19,453
Total assets	1,275,714	1,279,580
Current liabilities:
Current portion of debt and lease obligations	4,745	3,914
Accounts payable	16,691	15,427
Accrued and other liabilities	26,897	38,460
Current liabilities held for sale	130	240
Total current liabilities	48,463	58,041
Acquisition debt, net of current portion	4,817	4,895
Long-term liabilities held for sale	1,743	13,842
Credit facility	111,458	135,382
Senior notes	396,954	396,597
Obligations under finance leases, net of current portion	8,908	6,045
Obligations under operating leases, net of current portion	12,923	14,035
Deferred preneed cemetery revenue	64,379	61,767
Deferred preneed funeral revenue	39,437	39,261
Deferred tax liability	54,693	51,429
Other long-term liabilities	1,334	1,179
Deferred preneed cemetery receipts held in trust	99,908	98,120
Deferred preneed funeral receipts held in trust	108,167	106,219
Care trusts’ corpus	87,110	84,218
Total liabilities	1,040,294	1,071,030
Commitments and contingencies:
Stockholders’ equity:
Common stock, $0.01 par value; 80,000,000 shares authorized and 27,328,939 and 26,881,355 shares issued, respectively and 15,701,121 and 15,253,537 shares outstanding, respectively	273	269
Additional paid-in capital	238,026	243,825
Retained earnings	275,874	243,209
Treasury stock, at cost; 11,627,818 shares	(278,753)	(278,753)
Total stockholders’ equity	235,420	208,550
Total liabilities and stockholders’ equity	$ 1,275,714	$ 1,279,580

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
Numerator for basic and diluted earnings per share:
Net income	$	11,739	$	6,259	$	32,665	$	13,232
Less: Earnings allocated to unvested restricted stock	(175)		(93)		(510)		(194)
Income attributable to common stockholders	$	11,564	$	6,166	$	32,155	$	13,038

Denominator:
Denominator for basic earnings per common share – weighted average shares outstanding	15,458		14,965		15,352		14,920
Effect of dilutive securities:
Stock options	195		22		176		20

Performance awards	—		416		—		416
Denominator for diluted earnings per common share – weighted average shares outstanding	15,653		15,403		15,528		15,356

Basic earnings per common share:	$	0.75	$	0.41	$	2.09	$	0.87
Diluted earnings per common share:	$	0.74	$	0.40	$	2.07	$	0.85

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 June 30,		Six months ended June 30,
	2025	2024	2025	2024
Antidilutive stock options	228	1,433	224	1,456

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2025
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On July 4, 2025, the One Big Beautiful Bill Act “(OBBBA”) was signed into law, which includes federal tax law revisions that may affect the Company’s ability to utilize certain tax attributes. The Company is currently evaluating the impact of these changes. On July 16, 2025, we sold three funeral homes and one cemetery that was included in held for sale at June 30, 2025, for an aggregate of $5.5 million.

Trust Investments

6 Months Ended

Jun. 30, 2025

Preneed Trust Investments [Abstract]

TRUST INVESTMENTS

Preneed trust investments represent trust fund assets that we are generally permitted to withdraw as the services and merchandise are provided to customers. Preneed funeral and cemetery contracts are secured by payments from customers, less amounts not required by law to be deposited into trust. These earnings are recognized in Other revenue on our Consolidated Statements of Operations, when a service is performed or merchandise is delivered. Trust management fees charged by our wholly owned registered investment advisory firm 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):


	June 30, 2025		December 31, 2024
Preneed cemetery trust investments, at market value	$	104,114	$	106,143
Less: allowance for contract cancellation	(3,102)		(3,147)
Preneed cemetery trust investments	$	101,012	$	102,996
Less: Held for sale	(1,104)		(4,876)
Preneed cemetery trust investments	$	99,908	$	98,120

The cost and market values associated with preneed cemetery trust investments at June 30, 2025, are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	17,436	$	—	$	—	$	17,436
Fixed income securities:

U.S. agency obligations	2	526		—		(30)		496
Foreign debt	2	1,542		85		—		1,627
Corporate debt	2	2,725		167		(46)		2,846
Preferred stock	2	43		1		—		44
Certificates of deposit	2	79		—		(5)		74

Common stock	1	14,838		1,435		(1,754)		14,519
Limited partnership fund		3,550		—		(237)		3,313
Mutual funds:
Equity	1	500		—		(5)		495
Fixed income	2	37,791		272		(53)		38,010
Alternative investments		24,384		139		—		24,523
Trust securities		$	103,414	$	2,099	$	(2,130)	$	103,383
Accrued investment income		$	731					$	731

Preneed cemetery trust investments								$	104,114
Market value as a percentage of cost								100.0		%

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


Due in one year or less	$	74
Due in one to five years	2,120
Due in five to ten years	211
Thereafter	2,682
Total fixed income securities	$	5,087

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		%


	June 30, 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	$	—	$	—	$	496	$	(30)	$	496	$	(30)
Foreign debt	—		—		—		—		—		—
Corporate debt	—		—		6		(46)		6		(46)
Preferred stock	—		—		—		—		—		—
Certificates of deposit	—		—		74		(5)		74		(5)
Total fixed income securities with an unrealized loss	$	—	$	—	$	576	$	(81)	$	576	$	(81)


	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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
Investment income	$	770	$	844	$	1,417	$	1,383
Realized gains	6,199		924		8,202		11,500
Realized losses	(5,494)		(4,747)		(7,097)		(8,511)
Unrealized gains (losses), net	(886)		2,023		(31)		(4,936)
Expenses and taxes	(585)		(705)		(809)		(1,339)
Net change in deferred preneed cemetery receipts held in trust	(4)		1,661		(1,682)		1,903
	$	—	$	—	$	—	$	—

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


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Purchases	$	(38,172)	$	(6,784)	$	(41,678)	$	(11,110)
Sales	29,933		5,177		48,002		21,737

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):


	June 30, 2025		December 31, 2024
Preneed funeral trust investments, at market value	$	111,668	$	111,721
Less: allowance for contract cancellation	(3,324)		(3,305)
Preneed funeral trust investments	$	108,344	$	108,416
Less: Held for sale	(177)		(2,197)
Preneed funeral trust investments	$	108,167	$	106,219

The cost and market values associated with preneed funeral trust investments at June 30, 2025 are detailed below (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	31,781	$	—	$	—	$	31,781
Fixed income securities:

U.S agency obligations	2	305		—		(21)		284
Foreign debt	2	1,397		81		—		1,478
Corporate debt	2	2,503		156		—		2,659



Common stock	1	13,570		1,343		(1,460)		13,453
Limited partnership fund		3,325		—		(222)		3,103
Mutual funds:
Equity	1	—		—		—		—
Fixed income	2	33,196		252		(49)		33,399
Other investments	2	1,880		—		—		1,880
Alternative investments		22,838		131		—		22,969
Trust securities		$	110,795	$	1,963	$	(1,752)	$	111,006
Accrued investment income		$	662					$	662
Preneed cemetery trust investments								$	111,668
Market value as a percentage of cost								100.2		%

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	1,858
Due in five to ten years	98
Thereafter	2,465
Total fixed income securities	$	4,421

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		%


	June 30, 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	$	—	$	—	$	283	$	(21)	$	283	$	(21)
Foreign debt	—		—		—		—		—		—
Corporate debt	—		—		—		—		—		—
Preferred stock	—		—		—		—		—		—

Total fixed income securities with an unrealized loss	$	—	$	—	$	283	$	(21)	$	283	$	(21)


	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 June 30,				Six months ended June 30,
	2025		2024		2025		2024
Investment income	$	521	$	675	994		1,111
Realized gains	5,521		846		7,448		10,626
Realized losses	(4,519)		(4,295)		(6,228)		(7,504)
Unrealized gains (losses), net	(1,102)		1,873		211		(3,975)
Expenses and taxes	(365)		(296)		(470)		(667)
Net change in deferred preneed funeral receipts held in trust	(56)		1,197		(1,955)		409
	$	—	$	—	$	—	$	—

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


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025	2024
Purchases	$	(33,083)	$	(6,211)	(36,455)	(10,214)
Sales	25,098		4,608		42,457	19,726

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):


	June 30, 2025		December 31, 2024
Cemetery perpetual care trust investments, at market value	$	87,066	$	87,337
Obligations due to (due from) trust	366		(885)
Care trusts’ corpus, including HFS	$	87,432	$	86,452
Less: Held for sale	(322)		(2,234)
Care trusts' corpus	$	87,110	$	84,218

The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at June 30, 2025 (in thousands):


	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Fair Market Value
Cash and money market accounts	1	$	8,552	$	—	$	—	$	8,552
Fixed income securities:


Foreign debt	2	1,413		76		—		1,489
Corporate debt	2	2,517		147		(145)		2,519
Preferred stock	2	112		—		(2)		110


Common stock	1	13,521		1,353		(1,741)		13,133
Limited partnership fund		3,126		—		(209)		2,917
Mutual funds:
Equity	1	750		—		(8)		742
Fixed income	2	35,130		241		(48)		35,323

Alternative investments		21,468		123		—		21,591
Trust securities		$	86,589	$	1,940	$	(2,153)	$	86,376
Accrued investment income		$	690					$	690
Preneed cemetery trust investments								$	87,066
Market value as a percentage of cost								99.8		%

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	1,590
Due in five to ten years	110
Thereafter	2,418
Total fixed income securities	$	4,118

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		%


	June 30, 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	$	—	$	—	$	—	$	—	$	—	$	—
Corporate debt	—		—		18		(145)		18		(145)
Preferred stock	111		(2)		—		—		111		(2)

Total fixed income securities with an unrealized loss	$	111	$	(2)	$	18	$	(145)	$	129	$	(147)


	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 June 30,				Six months ended June 30,
	2025		2024		2025		2024

Realized gains	$	1,028	$	113	1,279		1,419
Realized losses	(1,228)		(663)		$	(1,429)	$	(1,089)
Unrealized gains (losses), net	(901)		1,840		(213)		(4,229)

Net change in care trusts’ corpus	1,101		(1,290)		363		3,899
	$	—	$	—	$	—	$	—

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


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Investment income	$	2,420	$	3,495	$	4,907	$	6,624
Realized losses	(587)		(751)		(1,259)		(1,125)
Total	$	1,833	$	2,744	$	3,648	$	5,499

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


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Purchases	$	(35,774)	$	(5,464)	$	(38,896)	$	(9,113)
Sales	26,968		4,469		$	42,931	$	19,130

Senior Notes (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

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):


	June 30, 2025		December 31, 2024

Principal amount	$	400,000	$	400,000

Debt discount, net of accumulated amortization of $2,126 and $1,848, respectively	(2,374)		(2,652)
Debt issuance costs, net of accumulated amortization of $605 and $526, respectively	(672)		(751)
Carrying value of the Senior Notes	$	396,954	$	396,597

Schedule of Long-term Debt Instruments

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


	June 30, 2025		December 31, 2024
Credit Facility	$	112,900	$	137,000
Debt issuance costs, net of accumulated amortization of $3,124 and $2,947, respectively	(1,442)		(1,618)
Total Credit Facility	$	111,458	$	135,382

Acquisition debt	$	5,408	$	5,466
Less: current portion	(591)		(571)
Total acquisition debt, net of current portion	$	4,817	$	4,895

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



	Three months ended June 30,		Six months ended June 30,
	2025	2024	2025		2024
Credit Facility interest expense	2,102	3,523	$	4,601	$	7,439
Credit Facility amortization of debt issuance costs	89	138	177		276

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



	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025	2024
Acquisition debt imputed interest expense	$	93	$	103	187	207

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 June 30,		Six months ended June 30,
	2025	2024	2025		2024
Senior Notes interest expense	4,250	4,250	$	8,500	$	8,500
Senior Notes amortization of debt discount	140	134	278		266

Senior Notes amortization of debt issuance costs	40	38	79		76

- Definition

+ References

+ Details

Basis of Presentation and Summary of Significant Accounting Policies (Cemetery Property) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2025 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2025 USD ($) divestiture	Jun. 30, 2024 USD ($) divestiture	Dec. 31, 2024 USD ($)
Property, Plant and Equipment [Line Items]
Cemetery property, net, including HFS	$ 110.7		$ 110.7		$ 112.9
Accumulated amortization of cemetery property	73.7		73.7		$ 72.6
Growth capital expenditures	1.4	$ 1.6	3.0
Amortization of cemetery property	$ 2.2	$ 2.6	4.1	$ 4.3
Property, plant and equipment, disposals			$ 1.0	$ 0.3
Cemetery
Property, Plant and Equipment [Line Items]
Number of businesses sold \| divestiture			3	1
Property, plant and equipment, disposals			$ 3.3	$ 0.8

Trust Investments (Perpetual care trust investment security transactions recorded in Other, net) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Perpetual Care Trust Investments \| Other revenue
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus	$ (2,744)	$ (1,833)	$ (3,648)	$ (5,499)
Debt and Equity Securities, Gain (Loss)	(751)	(587)	(1,259)	(1,125)
Investment income	3,495	2,420	4,907	6,624
Perpetual Care Trust Investments \| Other Interest Income
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus	1,101	(1,290)	363	3,899
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Net change in Care trusts’ corpus	4	(1,661)	1,682	(1,903)
Investment income	$ 770	$ 844	$ 1,417	$ 1,383

Trust Investments (Estimated maturities of fixed preneed cemetery trust income securities) (Details) - Preneed Cemetery Trust Investments $ in Thousands	Jun. 30, 2025 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 74
Due in one to five years	2,120
Due in five to ten years	211
Thereafter	2,682
Total fixed income securities	$ 5,087

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Revenue, pre-tax income and total assets by segments


Six months ended, June 30, 2025	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	89,257	$	10,263	$	—	$	99,520
Merchandise	39,820		8,369		—		48,189
Cemetery property	—		43,910		—		43,910
Other revenue	10,789		6,808		—		17,597
Total revenue	139,866		69,350		—		209,216

Less:
Salaries, benefits and commission expenses	34,988		20,452		—		55,440
Cost of merchandise	14,979		2,699		—		17,678
Allocated overhead costs(1)	6,613		2,699		—		9,312
Facilities and grounds expenses	5,638		2,765		—		8,403
General and administrative expenses(2)	5,724		1,851		—		7,575
Other segment expenses(3)	22,058		9,202		23,986		55,246
Operating income (loss)	$	49,866	$	29,682	$	(23,986)	$	55,562

Interest expense	$	684	$	6	$	13,642	$	14,332

Depreciation and amortization	$	5,661	$	5,018	$	895	$	11,574

Income (loss) before income taxes	$	51,867	$	31,078	$	(39,834)	$	43,111

Income tax expense (benefit)	$	12,567	$	7,530	$	(9,651)	$	10,446







Capital expenditures	$	1,258	$	3,701	$	1,049	$	6,008

Number of operating locations at year end	159		28		—		187


(1) 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.
(2) General and administrative expenses include: professional services, travel and meals expenses, computer software expenses, and office supplies.
(3) 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.


Six months ended June 30, 2024	Funeral		Cemetery		Corporate		Total
Revenue
Services	$	84,396	$	9,736	$	—	$	94,132
Merchandise	42,323		8,623		—		50,946
Cemetery property	—		44,146		—		44,146
Other revenue	8,707		7,880		—		16,587
Total revenue	135,426		70,385		—		205,811

Less:(1)
Salaries, benefits and commission expenses	35,158		19,185		—		54,343
Cost of merchandise	14,541		2,357		—		16,898
Allocated overhead costs(2)	6,606		2,357		—		8,963
Facilities and grounds expenses	5,063		2,802		—		7,865
General and administrative expenses(3)	5,272		1,802		—		7,074
Other segment expenses(4)	24,944		13,037		34,841		72,822
Operating income (loss)	$	43,842	$	28,845	$	(34,841)	$	37,846

Interest expense	$	447	$	7	$	16,582	$	17,036

Depreciation and amortization	$	5,875	$	5,313	$	476	$	11,664

Income (loss) before income taxes	$	43,901	$	29,012	$	(51,732)	$	21,181

Income tax expense (benefit)	$	16,475	$	10,888	$	(19,414)	$	7,949







Capital expenditures	$	2,415	$	4,472	$	209	$	7,096

Number of operating locations at year end	164		31		—		195


(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.

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

6 Months Ended

Jun. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Principles of Consolidation

Principles of Consolidation and Interim Condensed Disclosures

Our unaudited Condensed Consolidated Financial Statements include the Company and its subsidiaries. All intercompany balances and transactions have been eliminated. Our interim Condensed 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 Condensed 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 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 June 30, 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

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


	June 30, 2025		December 31, 2024
Land	$	85,479	$	86,609
Buildings and improvements	261,978		265,231
Furniture, equipment and vehicles	70,602		72,052
Property, plant, and equipment, at cost	418,059		423,892
Less: accumulated depreciation	(145,210)		(145,990)
Property, plant, and equipment, net	$	272,849	$	277,902
Less: Held for sale	(1,404)		(4,898)
Property, plant, and equipment, net	$	271,445	$	273,004

During the six months ended June 30, 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 Condensed Consolidated Financial Statements.

Additionally, during the six months ended June 30, 2025, we sold real property for $3.0 million, with a carrying value of $1.0 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 six months ended June 30, 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. Additionally, we sold real property for $0.3 million, with a carrying value of $0.3 million.

Our growth and maintenance capital expenditures totaled $1.4 million and $1.9 million for the three months ended June 30, 2025 and 2024, respectively, and $3.0 million and $3.5 million for the six months ended June 30, 2025 and 2024, respectively. In addition, we recorded depreciation expense of $3.3 million and $3.5 million for the three months ended June 30, 2025 and 2024, respectively, and $6.8 million and $7.2 million for the six months ended June 30, 2025 and 2024, respectively.

Cemetery Property

Cemetery property was $110.7 million and $112.9 million, net of accumulated amortization of $73.7 million and $72.6 million at June 30, 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 $1.4 million and $1.6 million for the three months ended June 30, 2025 and 2024, respectively, and $3.0 million and $3.5 million for the six months ended June 30, 2025 and 2024, respectively. We recorded amortization expense for cemetery interment rights of $2.2 million and $2.6 million for the three months ended June 30, 2025 and 2024, respectively, and $4.1 million and $4.3 million for the six months ended June 30, 2025 and 2024, respectively.

During the six months ended June 30, 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 Condensed Consolidated Financial Statements.

During the six months ended June 30, 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 $5.1 million and $4.2 million for the three months ended June 30, 2025 and 2024, respectively, and $10.4 million and $7.9 million for the six months ended June 30, 2025 and 2024, respectively. Our operating tax rate before discrete items was 31.2% and 33.6% for the six months ended June 30, 2025 and 2024, respectively, and 31.2% and 33.2% for the three months ended June 30, 2025 and 2024, respectively.

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 has 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 condensed consolidated financial statements as it modifies disclosure requirements only.

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

- Definition

Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.

+ References + Details

Goodwill (Changes in Goodwill) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2025	Dec. 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	$ 414,859

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: 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 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
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-Name Accounting Standards Codification
-Section 55
-Paragraph 10
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-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Receivables

6 Months Ended

Jun. 30, 2025

Preneed Cemetery Receivables [Abstract]

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):


	June 30, 2025
Column1	Funeral		Cemetery		Corporate		Held for Sale		Total
Trade and financed receivables	$	6,972	$	26,292	$	—	$	(1)	$	33,263
Other receivables	969		1,425		713		—		3,107
Allowance for credit losses	(358)		(1,182)		—		—		(1,540)
Accounts receivable, net	$	7,583	$	26,535	$	713	$	(1)	$	34,830


	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.

The following table summarizes the activity in our allowance for credit losses by portfolio segment for the six months ended June 30, 2025 (in thousands):


	January 1, 2025		Provision for Credit Losses		Write Offs		Recoveries		June 30, 2025
Trade and financed receivables:
Funeral	$	302	$	(518)	$	232	$	(374)	$	(358)
Cemetery	(1,014)		(577)		1,591		—		—
Total allowance for credit losses on trade and financed receivables	$	(712)	$	(1,095)	$	1,823	$	(374)	$	(358)

Balances due on undelivered preneed funeral trust contracts have been reclassified to reduce Deferred preneed funeral revenue on our Consolidated Balance Sheets of $8.9 million and $10.2 million at June 30, 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):


	June 30, 2025		December 31, 2024
Interment rights	$	87,512	$	79,436
Merchandise and services	13,614		13,128
Unearned finance charges	4,787		4,983
Cemetery receivables	$	105,913	$	97,547

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


	June 30, 2025		December 31, 2024
Cemetery receivables	$	105,913	$	97,547
Less: unearned finance charges	(4,787)		(4,983)
Cemetery receivables, at amortized cost	$	101,126	$	92,564
Less: allowance for contract cancellation and credit losses	(3,544)		(3,018)
Less: balances due on undelivered cemetery preneed contracts	(15,750)		(13,576)
Less: amounts in accounts receivable	(25,110)		(23,341)
Preneed cemetery receivables, net including HFS	$	56,722	$	52,629
Less: Held for sale	(5)		(1,671)
Preneed cemetery receivables, net	$	56,717	$	50,958

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the six months ended June 30, 2025 (in thousands):


	January 1, 2025		Provision for Credit Losses		Write Offs		June 30, 2025
Total allowance for credit losses on Preneed cemetery receivables, net	$	(2,004)	$	(878)	$	520	$	(2,362)

The amortized cost basis of our cemetery receivables by year of origination as of June 30, 2025 is as follows (in thousands):


	2025		2024		2023		2022		2021		Prior		Total
Total cemetery receivables, at amortized cost	$	30,003	$	39,497	$	17,377	$	9,396	$	3,431	$	1,422	$	101,126

The aging of past due cemetery receivables as of June 30, 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	$	1,857	$	1,142	$	668	$	3,263	$	6,930	$	78,446	$	85,376
Deferred revenue	515		168		184		626		1,493		19,044		20,537
Total contracts	$	2,372	$	1,310	$	852	$	3,889	$	8,423	$	97,490	$	105,913

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 $15.8 million and $13.6 million at June 30, 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.

Senior Notes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024	Dec. 31, 2024	May 13, 2021
Debt Instrument [Line Items]
Debt instrument, term			47 months
Amortization of debt issuance costs			$ 255	$ 352
Senior notes
Debt Instrument [Line Items]
Long-term debt, fair value	$ 378,300		378,300
Interest expense	4,250	$ 4,250	8,500	8,500
Amortization of Debt Discount (Premium)	140	134	278	266
Amortization of debt issuance costs	$ 40	$ 38	$ 79	$ 76
Senior notes \| Senior Note One
Debt Instrument [Line Items]
Debt Instrument, Discount Rate	4.42%		4.42%
Senior notes \| Senior Note Two
Debt Instrument [Line Items]
Principal amount	$ 400,000		$ 400,000		$ 400,000
Debt Instrument, Unamortized Debt Issuance Costs		4.30%		4.30%
Senior Notes 4.25% \| Senior Note Two
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)						4.25%

Trust Investments (Components of preneed funeral trust investments) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	$ 111,668	$ 111,721
Less: allowance for contract cancellation	(3,324)	(3,305)
Investments, Including HFS	108,344	108,416
Disposal Group, Including Discontinued Operation, Investment	(177)	(2,197)
Preneed funeral trust investments	$ 108,167	$ 106,219

Basis of Presentation and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Carriage Services, Inc. (“Carriage,” the “Company,” “we,” “us,” or “our”) is a leading provider of funeral and cemetery services and merchandise in the United States. Our operations are reported in two business segments: Funeral Home Operations, which currently accounts for approximately 70% of our total revenue and Cemetery Operations, which currently accounts for approximately 30% of our total revenue. At June 30, 2025, we operated 159 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):


	June 30, 2025		December 31, 2024
Accounts receivable, net	$	1	$	833
Inventories	57		302
Prepaid and other current assets	3		—
Current assets held for sale	$	61	$	1,135

Preneed cemetery trust investments	$	1,104	$	4,876
Preneed funeral trust investments	177		2,197
Preneed cemetery receivables, net	5		1,671
Receivables from funeral preneed trusts, net	27		—
Property, plant, and equipment, net	1,404		4,898
Cemetery property, net	127		3,362
Intangible and other non-current assets, net	224		215
Operating lease right-of-use assets	69		—
Cemetery perpetual care trust investments	322		2,234
Non-current assets held for sale	$	3,459	$	19,453

Current portion of operating lease obligations	$	23	$	—
Accounts payable	24		94
Accrued and other liabilities	83		146
Current liabilities held for sale	$	130	$	240

Obligations under operating leases, net of current portion	$	47	$	—
Deferred preneed cemetery revenue	66		3,517
Deferred preneed funeral revenue	27		1,018
Deferred preneed cemetery receipts held in trust	1,104		4,876
Deferred preneed funeral receipts held in trust	177		2,197
Care trusts’ corpus	322		2,234
Long-term liabilities held for sale	$	1,743	$	13,842

Property, Plant, and Equipment

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


	June 30, 2025		December 31, 2024
Land	$	85,479	$	86,609
Buildings and improvements	261,978		265,231
Furniture, equipment and vehicles	70,602		72,052
Property, plant, and equipment, at cost	418,059		423,892
Less: accumulated depreciation	(145,210)		(145,990)
Property, plant, and equipment, net	$	272,849	$	277,902
Less: Held for sale	(1,404)		(4,898)
Property, plant, and equipment, net	$	271,445	$	273,004

Cemetery Property

Income Taxes

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Net income	$ 32,665	$ 13,232
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,574	11,664
Provision for credit losses	1,973	1,447
Stock-based compensation expense	3,845	2,671
Deferred income tax (benefit) expense	3,264	(1,477)
Amortization of intangibles	660	669
Amortization of debt issuance costs	255	352
Amortization and accretion of debt	278	266
Net (gain) loss on divestitures, disposals, and impairment charges	(5,771)	1,568
Net gain on property damage, net of insurance claims	0	(417)
Gain on sale of excess real property	(1,993)	0
Changes in operating assets and liabilities that provided (used) cash:
Accounts and preneed receivables	(11,430)	(13,939)
Inventories, prepaid, and other current assets	(3,136)	1,224
Intangible and other non-current assets	(1,117)	(2,339)
Preneed funeral and cemetery trust investments	(4,281)	(9,523)
Accounts payable	(2,245)	3,084
Accrued and other liabilities	(10,458)	(3,999)
Deferred preneed funeral and cemetery revenue	1,941	7,064
Deferred preneed funeral and cemetery receipts held in trust	5,853	10,313
Net cash provided by operating activities	21,877	21,860
Cash flows from investing activities:
Proceeds from divestitures and sale of other assets	18,822	11,174
Proceeds from insurance claims	0	314
Capital expenditures	(6,009)	(7,096)
Net cash provided by investing activities	12,813	4,392
Cash flows from financing activities:
Borrowings from the credit facility	24,600	24,800
Payments against the credit facility	(48,700)	(48,900)
Payments on acquisition debt and obligations under finance leases	(221)	(305)
Proceeds from the exercise of stock options and employee stock purchase plan contributions	983	1,942
Taxes paid on restricted stock, performance award vestings, and exercise of stock options	(7,631)	(419)
Dividends paid on common stock	(3,488)	(3,390)
Net cash used in financing activities	(34,457)	(26,272)
Net increase (decrease) in cash and cash equivalents	233	(20)
Cash and cash equivalents at beginning of year	1,165	1,523
Cash and cash equivalents at end of year	1,398	1,503
Supplemental disclosure of cash flow information:
Cash paid for interest and financing costs	13,614	16,258
Cash paid for taxes	$ 9,884	$ 9,200

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Statement of Stockholders' Equity [Abstract]
Dividends on common stock (in dollars per share)	$ 0.1125	$ 0.1125	$ 0.2250	$ 0.2250

Trust Investments (Purchases and sales of investments in preneed funeral trusts) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (33,083)	$ (6,211)	$ (36,455)	$ (10,214)
Sales	$ 25,098	$ 4,608	$ 42,457	$ 19,726

Senior Notes - Carrying value of the Senior Notes (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Debt issuance costs, net of accumulated amortization of $605 and $526, respectively	$ (1,442)	$ (1,618)
Carrying value of the Senior Notes	396,954	396,597
Accumulated Amortization, Debt Issuance Costs	3,124	2,947
Senior notes
Debt Instrument [Line Items]
Debt discount, net of accumulated amortization of $2,126 and $1,848, respectively	(2,374)	(2,652)
Debt issuance costs, net of accumulated amortization of $605 and $526, respectively	(672)	(751)
Carrying value of the Senior Notes	396,954	396,597
Accumulated Amortization, Debt Discount	2,126	1,848
Accumulated Amortization, Debt Issuance Costs	605	526
Senior notes \| Senior Note Two
Debt Instrument [Line Items]
Principal amount	$ 400,000	$ 400,000

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
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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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-Topic 835
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+ Details

Trust Investments (Components of Care trusts’ corpus) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Gain (Loss) on Securities [Line Items]
Care trusts’ corpus	$ 87,110	$ 84,218
Perpetual Care Trust Investments
Gain (Loss) on Securities [Line Items]
Preneed funeral trust investments	87,066	87,337
Obligations due to (due from) trust	366	(885)
Care trusts’ corpus, including HFS	87,432	86,452
Less: Held for sale	(322)	(2,234)
Care trusts’ corpus	$ 87,110	$ 84,218

Receivables (Cemetery receivables) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Preneed Cemetery Receivables [Abstract]
Interment rights	$ 87,512	$ 79,436
Merchandise and services	13,614	13,128
Unearned finance charges	4,787	4,983
Cemetery receivables	$ 105,913	$ 97,547

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
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-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph a
-Subparagraph (1)
-Publisher SEC

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1405
-Paragraph a
-Subparagraph (2)
-Publisher SEC

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-Name Regulation S-K (SK)
-Number 229
-Section 1404
-Paragraph a
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
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+ Details

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2025	Jul. 31, 2025
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		15,698,487
Entity Central Index Key	0001016281
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Amendment Flag	false

Goodwill (Narrative) (Details) $ in Thousands	6 Months Ended		12 Months Ended
Goodwill (Narrative) (Details) $ in Thousands	Jun. 30, 2025 USD ($) divestiture	Jun. 30, 2024 USD ($) divestiture	Dec. 31, 2024 USD ($)
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

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
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+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 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)	27,328,939	26,881,355
Common stock outstanding (in shares)	15,701,121	15,253,537
Treasury stock, shares (in shares)	11,627,818

Trust Investments (Purchases and sales of investments in preneed cemetery trusts) (Details) - Preneed Cemetery Trust Investments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Debt and Equity Securities, FV-NI [Line Items]
Purchases	$ (38,172)	$ (6,784)	$ (41,678)	$ (11,110)
Sales	$ 29,933	$ 5,177	$ 48,002	$ 21,737

Basis of Presentation and Summary of Significant Accounting Policies (Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Total benefit for income taxes	$ 5,118	$ 4,200	$ 10,446	$ 7,949
Estimated effective income tax rate reconciliation, before discrete items, percent	(31.20%)	(33.20%)	(31.20%)	(33.60%)

Credit Facility and Acquisition Debt (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2025 USD ($) letter_of_credit	Jun. 30, 2024 USD ($)	Jun. 30, 2025 USD ($) letter_of_credit	Jun. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)	May 27, 2022 USD ($)
Debt Instrument [Line Items]
Letters of Credit \| letter_of_credit	1		1
Debt instrument, term			47 months
Amortization of debt issuance costs			$ 255,000	$ 352,000
Line Of Credit Facility Accordion Provision	$ 75,000,000.0		75,000,000.0
Debt Issuance Costs, Net	1,442,000		1,442,000		$ 1,618,000
Series of Individually Immaterial Business Acquisitions
Debt Instrument [Line Items]
Interest expense	$ 93,000	$ 103,000	$ 187,000	207,000
Line of Credit \| Prime Rate
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)			1.125%
Line of Credit \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument interest rate (in percent)			2.125%
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%		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%		7.30%
Debt instrument, term	20 years
Credit Agreement
Debt Instrument [Line Items]
Interest expense	$ 2,102,000	3,523,000	$ 4,601,000	7,439,000
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	89,000	$ 138,000	177,000	$ 276,000
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	112,900,000		112,900,000		$ 137,000,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 134,900,000		$ 134,900,000
Revolving Credit Facility, Secured, Floating Rate \| Revolving Credit Facility \| Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	6.80%	8.70%	6.90%	8.80%
Ratio Actual
Debt Instrument [Line Items]
Ratio of indebtedness to net capital (in ratio)	5.00		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		1.20

Earnings Per Share

6 Months Ended

Jun. 30, 2025

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

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


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Numerator for basic and diluted earnings per share:
Net income	$	11,739	$	6,259	$	32,665	$	13,232
Less: Earnings allocated to unvested restricted stock	(175)		(93)		(510)		(194)
Income attributable to common stockholders	$	11,564	$	6,166	$	32,155	$	13,038

Denominator:
Denominator for basic earnings per common share – weighted average shares outstanding	15,458		14,965		15,352		14,920
Effect of dilutive securities:
Stock options	195		22		176		20

Performance awards	—		416		—		416
Denominator for diluted earnings per common share – weighted average shares outstanding	15,653		15,403		15,528		15,356

Basic earnings per common share:	$	0.75	$	0.41	$	2.09	$	0.87
Diluted earnings per common share:	$	0.74	$	0.40	$	2.07	$	0.85

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 June 30,		Six months ended June 30,
	2025	2024	2025	2024
Antidilutive stock options	228	1,433	224	1,456

Earnings Per Share (Computation of Basic and Diluted Shares) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (Loss) from Continuing Operations Attributable to Parent	$ 11,739	$ 6,259	$ 32,665	$ 13,232
Less: Earnings allocated to unvested restricted stock	(175)	(93)	(510)	(194)
Income attributable to common stockholders	$ 11,564	$ 6,166	$ 32,155	$ 13,038
Denominator for basic earnings per common share - weighted average shares outstanding (in shares)	15,458	14,965	15,352	14,920
Effect of dilutive securities: Stock options (in shares)	$ 195	$ 22	$ 176	$ 20
Denominator for diluted earnings per common share - weighted average shares outstanding (in shares)	15,653	15,403	15,528	15,356
Basic earnings per common share (in dollars per share)	$ 0.75	$ 0.41	$ 2.09	$ 0.87
Diluted earnings per common share (in dollars per share)	$ 0.74	$ 0.40	$ 2.07	$ 0.85
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of dilutive securities: Performance awards (in shares)	0	416	0	416

Trust Investments (Narrative) (Details) - Preneed Funeral Trust Investments - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Unrealized Losses	$ (1,752)	$ (5,383)
Debt Securities, Available-for-sale, Amortized Cost	$ 110,795	$ 110,143

- Definition

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.

+ References

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
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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 6: http://www.xbrl.org/2003/role/disclosureRef
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-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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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

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

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Trust Investments (Estimated maturities of fixed preneed funeral trust income securities) (Details) - Preneed Funeral Trust Investments $ in Thousands	Jun. 30, 2025 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Due in one year or less	$ 0
Due in one to five years	1,858
Due in five to ten years	98
Thereafter	2,465
Total fixed income securities	$ 4,421

Goodwill (Tables)

6 Months Ended

Jun. 30, 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):


	June 30, 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

- Definition

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

+ References

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
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Credit Facility and Acquisition Debt

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

CREDIT FACILITY AND ACQUISITION DEBT

At June 30, 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 10) 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 June 30, 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 June 30, 2025.

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


	June 30, 2025		December 31, 2024
Credit Facility	$	112,900	$	137,000
Debt issuance costs, net of accumulated amortization of $3,124 and $2,947, respectively	(1,442)		(1,618)
Total Credit Facility	$	111,458	$	135,382

Acquisition debt	$	5,408	$	5,466
Less: current portion	(591)		(571)
Total acquisition debt, net of current portion	$	4,817	$	4,895

At June 30, 2025, we had outstanding borrowings under the Credit Facility of $112.9 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 June 30, 2025, we had $134.9 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 June 30,		Six months ended June 30,
	2025	2024	2025		2024
Credit Facility interest expense	2,102	3,523	$	4,601	$	7,439
Credit Facility amortization of debt issuance costs	89	138	177		276

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 June 30,				Six months ended June 30,
	2025		2024		2025	2024
Acquisition debt imputed interest expense	$	93	$	103	187	207

Trust Investments (Cost and fair market value associated with preneed funeral trust investments) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 104,114	$ 106,143
Accrued investment income	100.00%	100.60%
Preneed Cemetery Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 731	$ 630
Fair Market Value	731	630
Preneed Cemetery Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	103,414	104,900
Unrealized Gains	2,099	6,861
Unrealized Losses	(2,130)	(6,248)
Fair Market Value	103,383	105,513
Preneed Funeral Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	110,795	110,143
Unrealized Gains	1,963	6,377
Unrealized Losses	(1,752)	(5,383)
Fair Market Value	111,006	111,137
Preneed cemetery trust investments	$ 111,668	$ 111,721
Accrued investment income	100.20%	100.90%
Preneed Funeral Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 662	$ 584
Fair Market Value	662	$ 584
Perpetual Care Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 4,118
Accrued investment income	99.80%	100.50%
Perpetual Care Trust Investments \| Accrued Investment Income
Debt and Equity Securities, FV-NI [Line Items]
Cost	$ 690	$ 595
Fair Market Value	690	595
Perpetual Care Trust Investments \| Trust Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	86,589	86,295
Unrealized Gains	1,940	6,155
Unrealized Losses	(2,153)	(5,708)
Fair Market Value	86,376	86,742
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Cash and cash equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	17,436	23,215
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	17,436	23,215
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	14,838	29,325
Unrealized Gains	1,435	4,322
Unrealized Losses	(1,754)	(3,381)
Fair Market Value	14,519	30,266
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	500	911
Unrealized Gains	0	85
Unrealized Losses	(5)	0
Fair Market Value	495	996
Fair Value, Level 1 \| Preneed Cemetery Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,550	3,530
Unrealized Gains	0	84
Unrealized Losses	(237)	0
Fair Market Value	3,313	3,614
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Cash and cash equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	31,781	33,735
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	31,781	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	13,570	26,293
Unrealized Gains	1,343	3,989
Unrealized Losses	(1,460)	(2,876)
Fair Market Value	13,453	27,406
Fair Value, Level 1 \| Preneed Funeral Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,325	3,392
Unrealized Gains	0	80
Unrealized Losses	(222)	0
Fair Market Value	3,103	3,472
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Cash and cash equivalents
Debt and Equity Securities, FV-NI [Line Items]
Cost	8,552	14,054
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	8,552	14,054
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Common Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	13,521	25,563
Unrealized Gains	1,353	3,866
Unrealized Losses	(1,741)	(3,036)
Fair Market Value	13,133	26,393
Fair Value, Level 1 \| Perpetual Care Trust Investments \| Limited Partnership Fund
Debt and Equity Securities, FV-NI [Line Items]
Cost	3,126	3,078
Unrealized Gains	0	73
Unrealized Losses	(209)	0
Fair Market Value	2,917	3,151
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,542	8,575
Unrealized Gains	85	1,431
Unrealized Losses	0	(8)
Fair Market Value	1,627	9,998
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	2,725	8,500
Unrealized Gains	167	365
Unrealized Losses	(46)	(256)
Fair Market Value	2,846	8,609
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	43	2,833
Unrealized Gains	1	479
Unrealized Losses	0	(176)
Fair Market Value	44	3,136
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	37,791	27,268
Unrealized Gains	272	94
Unrealized Losses	(53)	(2,376)
Fair Market Value	38,010	24,986
Fair Value, Level 2 \| Preneed Cemetery Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	24,384
Unrealized Gains	139
Unrealized Losses	0
Fair Market Value	24,523
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,397
Unrealized Gains	81
Unrealized Losses	0
Fair Market Value	1,478
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	2,503	7,941
Unrealized Gains	156	351
Unrealized Losses	0	(134)
Fair Market Value	2,659	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	0	763
Unrealized Gains	0	41
Unrealized Losses	0	0
Fair Market Value	0	804
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Fixed Income Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	33,196	24,952
Unrealized Gains	252	83
Unrealized Losses	(49)	(2,118)
Fair Market Value	33,399	22,917
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Other investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,880	1,910
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Market Value	1,880	1,910
Fair Value, Level 2 \| Preneed Funeral Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	22,838
Unrealized Gains	131
Unrealized Losses	0
Fair Market Value	22,969
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Foreign Debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	1,413	7,770
Unrealized Gains	76	1,262
Unrealized Losses	0	(7)
Fair Market Value	1,489	9,025
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Cost	2,517	7,942
Unrealized Gains	147	357
Unrealized Losses	(145)	(402)
Fair Market Value	2,519	7,897
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Preferred Stock
Debt and Equity Securities, FV-NI [Line Items]
Cost	112	2,725
Unrealized Gains	0	418
Unrealized Losses	(2)	(148)
Fair Market Value	110	2,995
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Cost	750	789
Unrealized Gains	0	68
Unrealized Losses	(8)	0
Fair Market Value	742	857
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Fixed income
Debt and Equity Securities, FV-NI [Line Items]
Cost	35,130	24,374
Unrealized Gains	241	111
Unrealized Losses	(48)	(2,115)
Fair Market Value	35,323	$ 22,370
Fair Value, Level 2 \| Perpetual Care Trust Investments \| Alternative investments
Debt and Equity Securities, FV-NI [Line Items]
Cost	21,468
Unrealized Gains	123
Unrealized Losses	0
Fair Market Value	$ 21,591

Divested Operations (Assets held for sale and discontinued operations) (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	$ (3)	$ 121	$ 1,650	$ 1,272
Operating income	42	33	518	151
Net gain on disposal	1	(8)	5,938	(1,509)
Income tax provision	(13)	(8)	(2,014)	451
Income from discontinued operations, net of tax	$ 30	$ 17	$ 4,442	$ (907)

- Definition

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

+ References

Reference 1: http://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
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3B

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 4
-Publisher FASB
-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

+ Details

Receivables (Tables)

6 Months Ended

Jun. 30, 2025

Preneed Cemetery Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

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


	June 30, 2025
Column1	Funeral		Cemetery		Corporate		Held for Sale		Total
Trade and financed receivables	$	6,972	$	26,292	$	—	$	(1)	$	33,263
Other receivables	969		1,425		713		—		3,107
Allowance for credit losses	(358)		(1,182)		—		—		(1,540)
Accounts receivable, net	$	7,583	$	26,535	$	713	$	(1)	$	34,830


	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):


	June 30, 2025		December 31, 2024
Interment rights	$	87,512	$	79,436
Merchandise and services	13,614		13,128
Unearned finance charges	4,787		4,983
Cemetery receivables	$	105,913	$	97,547

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


	June 30, 2025		December 31, 2024
Cemetery receivables	$	105,913	$	97,547
Less: unearned finance charges	(4,787)		(4,983)
Cemetery receivables, at amortized cost	$	101,126	$	92,564
Less: allowance for contract cancellation and credit losses	(3,544)		(3,018)
Less: balances due on undelivered cemetery preneed contracts	(15,750)		(13,576)
Less: amounts in accounts receivable	(25,110)		(23,341)
Preneed cemetery receivables, net including HFS	$	56,722	$	52,629
Less: Held for sale	(5)		(1,671)
Preneed cemetery receivables, net	$	56,717	$	50,958

The amortized cost basis of our cemetery receivables by year of origination as of June 30, 2025 is as follows (in thousands):


	2025		2024		2023		2022		2021		Prior		Total
Total cemetery receivables, at amortized cost	$	30,003	$	39,497	$	17,377	$	9,396	$	3,431	$	1,422	$	101,126

Preneed Cemetery Receivables

The following table summarizes the activity in our allowance for credit losses by portfolio segment for the six months ended June 30, 2025 (in thousands):


	January 1, 2025		Provision for Credit Losses		Write Offs		Recoveries		June 30, 2025
Trade and financed receivables:
Funeral	$	302	$	(518)	$	232	$	(374)	$	(358)
Cemetery	(1,014)		(577)		1,591		—		—
Total allowance for credit losses on trade and financed receivables	$	(712)	$	(1,095)	$	1,823	$	(374)	$	(358)

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the six months ended June 30, 2025 (in thousands):


	January 1, 2025		Provision for Credit Losses		Write Offs		June 30, 2025
Total allowance for credit losses on Preneed cemetery receivables, net	$	(2,004)	$	(878)	$	520	$	(2,362)

Aging of Past Due Financing Receivables

The aging of past due cemetery receivables as of June 30, 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	$	1,857	$	1,142	$	668	$	3,263	$	6,930	$	78,446	$	85,376
Deferred revenue	515		168		184		626		1,493		19,044		20,537
Total contracts	$	2,372	$	1,310	$	852	$	3,889	$	8,423	$	97,490	$	105,913

Trust Investments (Fixed income securities within our preneed funeral trust investment in an unrealized loss position) (Details) - USD ($) $ in Thousands	Jun. 30, 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	$ 0	$ 2,163
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	(144)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	576	1,749
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(81)	(347)
Securities available-for-sale, unrealized loss position	576	3,912
Securities available-for-sale, unrealized loss position, accumulated loss	(81)	(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	0	2,067
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	(137)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	283	1,194
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(21)	(252)
Securities available-for-sale, unrealized loss position	283	3,261
Securities available-for-sale, unrealized loss position, accumulated loss	(21)	(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	496	479
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(30)	(46)
Securities available-for-sale, unrealized loss position	496	479
Securities available-for-sale, unrealized loss position, accumulated loss	(30)	(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	283
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(21)
Securities available-for-sale, unrealized loss position	283
Securities available-for-sale, unrealized loss position, accumulated loss	(21)
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	0	211
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(8)
Securities available-for-sale, unrealized loss position	0	211
Securities available-for-sale, unrealized loss position, accumulated loss	0	(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	0	203
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(7)
Securities available-for-sale, unrealized loss position	0	203
Securities available-for-sale, unrealized loss position, accumulated loss	0	(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	0	1,274
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	(139)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	6	94
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	(46)	(117)
Securities available-for-sale, unrealized loss position	6	1,368
Securities available-for-sale, unrealized loss position, accumulated loss	(46)	(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	0	1,225
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	(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	0	1,225
Securities available-for-sale, unrealized loss position, accumulated loss	0	(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	0	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	0	891
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(171)
Securities available-for-sale, unrealized loss position	0	1,780
Securities available-for-sale, unrealized loss position, accumulated loss	0	(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	0	842
Securities available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss	0	(4)
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, fair market value	0	717
Securities available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss	0	(214)
Securities available-for-sale, unrealized loss position	0	1,559
Securities available-for-sale, unrealized loss position, accumulated loss	0	(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)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ 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
Beginning balance at Dec. 31, 2023	$ 173,060		$ 266		$ 241,291		$ 210,256	$ (278,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,232						13,232
Issuance of common stock from employee stock purchase plan (in shares)			31
Issuance of common stock from employee stock purchase plan	671				671
Issuance of common stock to directors and board advisor (in shares)			10
Issuance of common stock to directors and board advisor	264				264
Issuance of common stock (in shares)			0
Issuance of common stock	0		$ 0		0
Issuance of restricted common stock (in shares)			157
Issuance of restricted common stock	0		$ 2		(2)
Exercise of stock options (in shares)			50
Exercise of stock options	1,272		$ 1		1,271
Restricted common stock, performance awards and stock options surrendered for taxes paid (in shares)			(43)
Restricted common stock, performance awards and stock options surrendered for taxes paid	(419)				(419)
Stock-based compensation expense	2,407				2,407
Dividends on common stock	(3,390)				(3,390)
Other (in shares)			31
Other	790				790
Ending balance, shares outstanding at Jun. 30, 2024			15,236
Ending balance at Jun. 30, 2024	187,887		$ 269		242,883		223,488	(278,753)
Beginning balance, shares outstanding at Mar. 31, 2024			15,165
Beginning balance at Mar. 31, 2024	179,555		$ 268		240,811		217,229	(278,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,259						6,259
Issuance of common stock from employee stock purchase plan (in shares)			15
Issuance of common stock from employee stock purchase plan	324				324
Issuance of common stock (in shares)			6
Issuance of common stock	151				151
Exercise of stock options (in shares)			50
Exercise of stock options	1,272		$ 1		1,271
Restricted common stock, performance awards and stock options surrendered for taxes paid (in shares)			0
Restricted common stock, performance awards and stock options surrendered for taxes paid	(1)				(1)
Stock-based compensation expense	2,031				2,031
Dividends on common stock	(1,704)				(1,704)
Ending balance, shares outstanding at Jun. 30, 2024			15,236
Ending balance at Jun. 30, 2024	187,887		$ 269		242,883		223,488	(278,753)
Beginning balance, shares outstanding at Dec. 31, 2024			15,254
Beginning balance at Dec. 31, 2024	208,550		$ 269		243,825		243,209	(278,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	32,665						32,665
Issuance of common stock from employee stock purchase plan (in shares)			20
Issuance of common stock from employee stock purchase plan	662				662
Issuance of common stock to directors and board advisor (in shares)			3
Issuance of common stock to directors and board advisor	140				140
Issuance of common stock (in shares)			271
Issuance of common stock	0		$ 3		(3)
Issuance of restricted common stock (in shares)			115
Issuance of restricted common stock	0		$ 1		(1)
Exercise of stock options (in shares)			79
Exercise of stock options	321				321
Restricted common stock, performance awards and stock options surrendered for taxes paid (in shares)			(53)
Restricted common stock, performance awards and stock options surrendered for taxes paid	(7,631)				(7,631)
Stock-based compensation expense	3,705				3,705
Dividends on common stock	(3,488)				(3,488)
Other (in shares)			12
Other	496				496
Ending balance, shares outstanding at Jun. 30, 2025			15,701
Ending balance at Jun. 30, 2025	235,420		$ 273		238,026		275,874	(278,753)
Beginning balance, shares outstanding at Mar. 31, 2025			15,693
Beginning balance at Mar. 31, 2025	223,062		$ 273		237,407		264,135	(278,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	11,739						11,739
Issuance of common stock from employee stock purchase plan (in shares)			9
Issuance of common stock from employee stock purchase plan	295				295
Issuance of common stock (in shares)				1
Issuance of common stock		$ 63				$ 63
Exercise of stock options (in shares)			2
Exercise of stock options	0				0
Restricted common stock, performance awards and stock options surrendered for taxes paid (in shares)			(4)
Restricted common stock, performance awards and stock options surrendered for taxes paid	(2)				(2)
Stock-based compensation expense	2,029				2,029
Dividends on common stock	(1,766)				(1,766)
Ending balance, shares outstanding at Jun. 30, 2025			15,701
Ending balance at Jun. 30, 2025	$ 235,420		$ 273		$ 238,026		$ 275,874	$ (278,753)

Receivables from Preneed Funeral Trusts

6 Months Ended

Jun. 30, 2025

Receivables From Preneed Trusts [Abstract]

RECEIVABLES FROM PRENEED FUNERAL TRUSTS

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


	June 30, 2025		December 31, 2024
Preneed funeral trust funds, at cost	$	22,733	$	23,063
Less: allowance for contract cancellation	(682)		(691)
Receivables from preneed funeral trusts, net including HFS	$	22,051	$	22,372
Less: Held for sale	(27)		—
Receivables from preneed funeral trusts, net	$	22,024	$	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 June 30, 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 June 30, 2025, is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,964	$	6,964
Fixed income investments	12,530		12,530
Mutual funds and common stocks	3,235		3,082
Annuities	4		4
Total	$	22,733	$	22,580

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 (Details) $ in Thousands	3 Months Ended		6 Months Ended
Segment Reporting (Details) $ in Thousands	Jun. 30, 2025 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2025 USD ($) numberOfOperatingLocation	Jun. 30, 2024 USD ($) numberOfOperatingLocation
Segment Reporting Information [Line Items]
Revenues	$ 102,147	$ 102,318	$ 209,216	$ 205,811
Salaries, benefits and commission expenses	27,544	27,148	55,440	54,343
Cost, Overhead	4,754	4,511	9,312	8,963
Facilities and grounds expenses	4,269	3,991	8,403	7,865
General and Administrative Expense, Adjusted	3,659	3,378	7,575	7,074
Segment Reporting, Other Segment Item, Amount	29,708	37,022	55,246	72,822
Operating Income (Loss), Adjusted	23,998	18,369	55,562	37,846
Other Depreciation and Amortization	6,173	6,204	11,574	11,664
Interest Expense, Nonoperating	7,034	8,324	14,332	17,036
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Adjusted	16,857	10,459	43,111	21,181
Federal Income Tax Expense (Benefit), Continuing Operations	5,118	4,200	10,446	7,949
Payments to Acquire Productive Assets			$ 6,008	$ 7,096
Number of operating locations \| numberOfOperatingLocation			187	195
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0	$ 0	$ 0
Salaries, benefits and commission expenses	0	0	0	0
Cost, Overhead	0	0	0	0
Facilities and grounds expenses	0	0	0	0
General and Administrative Expense, Adjusted	0	0	0	0
Segment Reporting, Other Segment Item, Amount	11,938	18,602	23,986	34,841
Operating Income (Loss), Adjusted	(11,938)	(18,602)	(23,986)	(34,841)
Other Depreciation and Amortization	644	239	895	476
Interest Expense, Nonoperating	6,627	8,099	13,642	16,582
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Adjusted	(20,003)	(26,876)	(39,834)	(51,732)
Federal Income Tax Expense (Benefit), Continuing Operations	(5,624)	(10,723)	(9,651)	(19,414)
Payments to Acquire Productive Assets			$ 1,049	$ 209
Number of operating locations \| numberOfOperatingLocation			0	0
Services
Segment Reporting Information [Line Items]
Revenues	46,510	44,433	$ 99,520	$ 94,132
Services \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Merchandise
Segment Reporting Information [Line Items]
Revenues	22,594	24,147	48,189	50,946
Merchandise \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Cemetery interment rights
Segment Reporting Information [Line Items]
Revenues	23,919	25,443	43,910	44,146
Cemetery interment rights \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Other revenue
Segment Reporting Information [Line Items]
Revenues	9,124	8,295	17,597	16,587
Other revenue \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Property and merchandise revenue
Segment Reporting Information [Line Items]
Revenues	46,513	49,590	92,099	95,092
Cost of Goods and Services Sold, Adjusted	8,215	7,899	17,678	16,898
Property and merchandise revenue \| Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Cost of Goods and Services Sold, Adjusted	0	0	0	0
Funeral Home \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	65,247	63,595	139,866	135,426
Salaries, benefits and commission expenses	17,011	16,860	34,988	35,158
Cost, Overhead	3,386	3,310	6,613	6,606
Facilities and grounds expenses	2,709	2,369	5,638	5,063
General and Administrative Expense, Adjusted	2,703	2,499	5,724	5,272
Segment Reporting, Other Segment Item, Amount	10,912	11,091	22,058	24,944
Operating Income (Loss), Adjusted	21,679	20,768	49,866	43,842
Other Depreciation and Amortization	2,835	2,907	5,661	5,875
Interest Expense, Nonoperating	404	222	684	447
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Adjusted	21,798	21,032	51,867	43,901
Federal Income Tax Expense (Benefit), Continuing Operations	6,463	8,479	12,567	16,475
Payments to Acquire Productive Assets			$ 1,258	$ 2,415
Number of operating locations \| numberOfOperatingLocation			159	164
Funeral Home \| Services \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	41,308	39,589	$ 89,257	$ 84,396
Funeral Home \| Merchandise \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	18,264	19,664	39,820	42,323
Funeral Home \| Cemetery interment rights \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Funeral Home \| Other revenue \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	5,675	4,342	10,789	8,707
Funeral Home \| Property and merchandise revenue \| Operating Segments
Segment Reporting Information [Line Items]
Cost of Goods and Services Sold, Adjusted	6,847	6,698	14,979	14,541
Cemetery \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	36,900	38,723	69,350	70,385
Salaries, benefits and commission expenses	10,533	10,288	20,452	19,185
Cost, Overhead	1,368	1,201	2,699	2,357
Facilities and grounds expenses	1,560	1,622	2,765	2,802
General and Administrative Expense, Adjusted	956	879	1,851	1,802
Segment Reporting, Other Segment Item, Amount	6,858	7,329	9,202	13,037
Operating Income (Loss), Adjusted	14,257	16,203	29,682	28,845
Other Depreciation and Amortization	2,694	3,058	5,018	5,313
Interest Expense, Nonoperating	3	3	6	7
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Adjusted	15,062	16,303	31,078	29,012
Federal Income Tax Expense (Benefit), Continuing Operations	4,279	6,444	7,530	10,888
Payments to Acquire Productive Assets			$ 3,701	$ 4,472
Number of operating locations \| numberOfOperatingLocation			28	31
Cemetery \| Services \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	5,202	4,844	$ 10,263	$ 9,736
Cemetery \| Merchandise \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	4,330	4,483	8,369	8,623
Cemetery \| Cemetery interment rights \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	23,919	25,443	43,910	44,146
Cemetery \| Other revenue \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	3,449	3,953	6,808	7,880
Cemetery \| Property and merchandise revenue \| Operating Segments
Segment Reporting Information [Line Items]
Cost of Goods and Services Sold, Adjusted	$ 1,368	$ 1,201	$ 2,699	$ 2,357

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

6 Months Ended

Jun. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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):


	June 30, 2025		December 31, 2024
Accounts receivable, net	$	1	$	833
Inventories	57		302
Prepaid and other current assets	3		—
Current assets held for sale	$	61	$	1,135

Preneed cemetery trust investments	$	1,104	$	4,876
Preneed funeral trust investments	177		2,197
Preneed cemetery receivables, net	5		1,671
Receivables from funeral preneed trusts, net	27		—
Property, plant, and equipment, net	1,404		4,898
Cemetery property, net	127		3,362
Intangible and other non-current assets, net	224		215
Operating lease right-of-use assets	69		—
Cemetery perpetual care trust investments	322		2,234
Non-current assets held for sale	$	3,459	$	19,453

Current portion of operating lease obligations	$	23	$	—
Accounts payable	24		94
Accrued and other liabilities	83		146
Current liabilities held for sale	$	130	$	240

Obligations under operating leases, net of current portion	$	47	$	—
Deferred preneed cemetery revenue	66		3,517
Deferred preneed funeral revenue	27		1,018
Deferred preneed cemetery receipts held in trust	1,104		4,876
Deferred preneed funeral receipts held in trust	177		2,197
Care trusts’ corpus	322		2,234
Long-term liabilities held for sale	$	1,743	$	13,842

Property, Plant and Equipment

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


	June 30, 2025		December 31, 2024
Land	$	85,479	$	86,609
Buildings and improvements	261,978		265,231
Furniture, equipment and vehicles	70,602		72,052
Property, plant, and equipment, at cost	418,059		423,892
Less: accumulated depreciation	(145,210)		(145,990)
Property, plant, and equipment, net	$	272,849	$	277,902
Less: Held for sale	(1,404)		(4,898)
Property, plant, and equipment, net	$	271,445	$	273,004

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
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+ Details

Basis of Presentation and Summary of Significant Accounting Policies (Narrative of PPE) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2025 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2025 USD ($) divestiture	Jun. 30, 2024 USD ($) divestiture
Property, Plant and Equipment [Line Items]
Property, plant and equipment, disposals			$ 1.0	$ 0.3
Proceeds from sale			3.0	0.3
Gain on sale			2.0
Growth and maintenance expenses	$ 1.4	$ 1.9	3.0	3.5
Field depreciation expense	$ 3.3	$ 3.5	$ 6.8	$ 7.2
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 (Composition of Asset Held in Trusts) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Historical Cost Basis
Investment Holdings [Line Items]
Assets Held-in-trust	$ 22,733	$ 23,063
Historical Cost Basis \| Cash and cash equivalents
Investment Holdings [Line Items]
Assets Held-in-trust	6,964	6,826
Historical Cost Basis \| Fixed income investments
Investment Holdings [Line Items]
Assets Held-in-trust	12,530	12,998
Historical Cost Basis \| Mutual funds and common stocks
Investment Holdings [Line Items]
Assets Held-in-trust	3,235	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	22,580	22,827
Fair Value \| Cash and cash equivalents
Investment Holdings [Line Items]
Assets Held-in-trust	6,964	6,826
Fair Value \| Fixed income investments
Investment Holdings [Line Items]
Assets Held-in-trust	12,530	12,998
Fair Value \| Mutual funds and common stocks
Investment Holdings [Line Items]
Assets Held-in-trust	3,082	2,999
Fair Value \| Annuities
Investment Holdings [Line Items]
Assets Held-in-trust	$ 4	$ 4

Recently Issued Accounting Standards	6 Months Ended
Recently Issued Accounting Standards	Jun. 30, 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 has 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 condensed consolidated financial statements as it modifies disclosure requirements only.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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+ Details

Receivables (Accounts Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Segment Reporting Information [Line Items]
Trade and financed receivables	$ 33,263	$ 30,607
Other receivables	3,107	902
Allowance for credit losses	(1,540)	(1,316)
Accounts receivable, net	34,830	30,193
Operating Segments \| Funeral Home
Segment Reporting Information [Line Items]
Trade and financed receivables	6,972	7,085
Other receivables	969	557
Allowance for credit losses	(358)	(302)
Accounts receivable, net	7,583	7,340
Operating Segments \| Cemetery
Segment Reporting Information [Line Items]
Trade and financed receivables	26,292	24,355
Other receivables	1,425	345
Allowance for credit losses	(1,182)	(1,014)
Accounts receivable, net	26,535	23,686
Segment Reporting, Reconciling Item, Corporate Nonsegment
Segment Reporting Information [Line Items]
Trade and financed receivables	0	0
Other receivables	713	0
Allowance for credit losses	0	0
Accounts receivable, net	713	0
Held for Sale
Segment Reporting Information [Line Items]
Trade and financed receivables	(1)	(833)
Other receivables	0	0
Allowance for credit losses	0	0
Accounts receivable, net	$ (1)	$ (833)

Basis of Presentation and Summary of Significant Accounting Policies (Held for Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets
Accounts receivable, net	$ 1	$ 833
Inventories	57	302
Prepaid and other current assets	3	0
Current assets held for sale	61	1,135
Preneed cemetery trust investments	1,104	4,876
Preneed funeral trust investments	177	2,197
Preneed cemetery receivables, net	5	1,671
Receivables from funeral preneed trusts, net	27	0
Property, plant, and equipment, net	1,404	4,898
Cemetery property, net	127	3,362
Intangible and other non-current assets, net	224	215
Operating lease right-of-use assets	69	0
Cemetery perpetual care trust investments	322	2,234
Non-current assets held for sale	3,459	19,453
Liabilities
Current portion of operating lease obligations	23	0
Accounts payable	24	94
Accrued and other liabilities	83	146
Current liabilities held for sale	130	240
Obligations under operating leases, net of current portion	47	0
Deferred preneed cemetery revenue	66	3,517
Deferred preneed funeral revenue	27	1,018
Deferred preneed cemetery receipts held in trust	1,104	4,876
Deferred preneed funeral receipts held in trust	177	2,197
Care trusts’ corpus	322	2,234
Long-term liabilities held for sale	$ 1,743	$ 13,842

Receivables (Preneed cemetery receivables) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Allowance for Contract Cancellations [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Beginning Balance	$ 1,316
Provision for Credit Losses	(1,973)	$ (1,447)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	1,540
Preneed Cemetery Receivables
Allowance for Contract Cancellations [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Beginning Balance	2,004
Provision for Credit Losses	(878)
Write Offs	(520)
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 2,362

Goodwill

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

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


	June 30, 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 six months ended June 30, 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 six months ended June 30, 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.

Basis of Presentation and Summary of Significant Accounting Policies (Schedule of PPE) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, net	$ 271,445	$ 273,004
Continuing Operations
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	418,059	423,892
Less: accumulated depreciation	(145,210)	(145,990)
Property, plant, and equipment, net	272,849	277,902
Discontinued Operations
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, net	1,404	4,898
Land \| Continuing Operations
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	85,479	86,609
Buildings and improvements \| Continuing Operations
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	261,978	265,231
Furniture, equipment and automobiles \| Continuing Operations
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	$ 70,602	$ 72,052

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenue:
Revenues	$ 102,147	$ 102,318	$ 209,216	$ 205,811
Field costs and expenses:
Cemetery property amortization	2,241	2,560	4,069	4,316
Field depreciation expense	3,288	3,405	6,610	6,872
Regional and unallocated funeral and cemetery costs	3,260	4,245	8,495	8,087
Other expenses	1,480	1,462	3,136	2,970
Total field costs and expenses	66,212	65,325	135,439	131,556
Gross profit	35,935	36,993	73,777	74,255
Corporate costs and expenses:
General, administrative and other	11,938	18,601	23,986	34,841
Net (gain) loss on divestitures, disposals, and impairment charges	(1)	23	(5,771)	1,568
Operating income	23,998	18,369	55,562	37,846
Interest expense	7,034	8,324	14,332	17,036
Net gain on property damage, net of insurance claims	0	(417)	0	(417)
Other, net	107	3	(1,881)	46
Income before income taxes	16,857	10,459	43,111	21,181
Expense for income taxes	5,260	3,513	13,451	7,032
(Benefit) expense related to discrete income tax items	(142)	687	(3,005)	917
Total expense for income taxes	5,118	4,200	10,446	7,949
Net income	$ 11,739	$ 6,259	$ 32,665	$ 13,232
Basic earnings per common share (in dollars per share)	$ 0.75	$ 0.41	$ 2.09	$ 0.87
Diluted earnings per common share (in dollars per share)	0.74	0.40	2.07	0.85
Dividends declared per share (in dollars per share)	$ 0.1125	$ 0.1125	$ 0.2250	$ 0.2250
Weighted average number of common and common equivalent shares outstanding:
Basic (in shares)	15,458	14,965	15,352	14,920
Diluted (in shares)	15,653	15,403	15,528	15,356
Service revenue
Revenue:
Revenues	$ 46,510	$ 44,433	$ 99,520	$ 94,132
Field costs and expenses:
Cost of goods and services	23,787	21,672	48,364	45,380
Property and merchandise revenue
Revenue:
Revenues	46,513	49,590	92,099	95,092
Field costs and expenses:
Cost of goods and services	32,156	31,981	64,765	63,931
Other revenue
Revenue:
Revenues	$ 9,124	$ 8,295	$ 17,597	$ 16,587

Senior Notes

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

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):


	June 30, 2025		December 31, 2024

Principal amount	$	400,000	$	400,000

Debt discount, net of accumulated amortization of $2,126 and $1,848, respectively	(2,374)		(2,652)
Debt issuance costs, net of accumulated amortization of $605 and $526, respectively	(672)		(751)
Carrying value of the Senior Notes	$	396,954	$	396,597

At June 30, 2025, the fair value of the Senior Notes, which are Level 2 measurements, was $378.3 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 June 30,		Six months ended June 30,
	2025	2024	2025		2024
Senior Notes interest expense	4,250	4,250	$	8,500	$	8,500
Senior Notes amortization of debt discount	140	134	278		266

Senior Notes amortization of debt issuance costs	40	38	79		76

The debt discount and the debt issuance costs are being amortized using the effective interest method over the remaining term of approximately 47 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 and six months ended June 30, 2025 and 2024 were 4.42% and 4.30%, respectively.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

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/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Trust Investments (Components of preneed cemetery trust investments) (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments	$ 99,908	$ 98,120
Preneed Cemetery Trust Investments
Debt and Equity Securities, FV-NI [Line Items]
Preneed cemetery trust investments, at market value	104,114	106,143
Less: allowance for contract cancellation	(3,102)	(3,147)
Preneed cemetery trust investments	101,012	102,996
Less: Held for sale	(1,104)	(4,876)
Preneed cemetery trust investments	$ 99,908	$ 98,120

Trust Investments (Estimated maturities of the fixed income securities) (Details) $ in Thousands	Jun. 30, 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	1,590
Due in five to ten years	110
Thereafter	2,418
Preneed Cemetery Trust Investments
Gain (Loss) on Securities [Line Items]
Due in one year or less	74
Due in one to five years	2,120
Due in five to ten years	211
Thereafter	2,682
Total fixed income securities	5,087
Preneed Funeral Trust Investments
Gain (Loss) on Securities [Line Items]
Due in one year or less	0
Due in one to five years	1,858
Due in five to ten years	98
Thereafter	2,465
Total fixed income securities	$ 4,421