CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
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Dec. 31, 2014
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Current assets: | ||
Cash and cash equivalents | $ 317us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 413us-gaap_CashAndCashEquivalentsAtCarryingValue |
Accounts receivable, net of allowance for bad debts of $1,127 in 2014 and $1,102 in 2015 | 18,637us-gaap_AccountsReceivableNetCurrent | 19,264us-gaap_AccountsReceivableNetCurrent |
Inventories | 5,432us-gaap_InventoryNet | 5,294us-gaap_InventoryNet |
Prepaid expenses | 4,556us-gaap_PrepaidExpenseCurrent | 4,590us-gaap_PrepaidExpenseCurrent |
Other current assets | 2,369us-gaap_OtherAssetsCurrent | 7,144us-gaap_OtherAssetsCurrent |
Total current assets | 31,311us-gaap_AssetsCurrent | 36,705us-gaap_AssetsCurrent |
Preneed cemetery trust investments | 72,534csv_PreneedCemeteryTrustInvestments | 71,972csv_PreneedCemeteryTrustInvestments |
Preneed funeral trust investments | 97,240csv_PreneedFuneralTrustInvestments | 97,607csv_PreneedFuneralTrustInvestments |
Preneed receivables, net of allowance for bad debts of $2,339 in 2014 and $1,975 in 2015 | 26,431csv_PreneedReceivablesNetOfAllowanceForBadDebts | 26,284csv_PreneedReceivablesNetOfAllowanceForBadDebts |
Receivables from preneed trusts | 12,795csv_ReceivablesFromPreneedFuneralTrusts | 12,809csv_ReceivablesFromPreneedFuneralTrusts |
Property, plant and equipment, net of accumulated depreciation of $95,249 in 2014 and $97,565 in 2015 | 193,984us-gaap_PropertyPlantAndEquipmentNet | 186,211us-gaap_PropertyPlantAndEquipmentNet |
Cemetery property | 75,264csv_CemeteryProperty | 75,564csv_CemeteryProperty |
Goodwill | 261,291us-gaap_Goodwill | 257,442us-gaap_Goodwill |
Deferred charges and other non-current assets | 15,136us-gaap_DeferredCostsAndOtherAssets | 14,264us-gaap_DeferredCostsAndOtherAssets |
Cemetery perpetual care trust investments | 49,249csv_CemeteryPerpetualCareTrustInvestments | 48,670csv_CemeteryPerpetualCareTrustInvestments |
Total assets | 835,235us-gaap_Assets | 827,528us-gaap_Assets |
Current liabilities: | ||
Current portion of long-term debt and capital lease obligations | 10,624us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent | 9,838us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent |
Accounts payable | 6,463us-gaap_AccountsPayableCurrent | 6,472us-gaap_AccountsPayableCurrent |
Other liabilities | 788us-gaap_OtherLiabilitiesCurrent | 1,437us-gaap_OtherLiabilitiesCurrent |
Accrued liabilities | 12,211us-gaap_AccruedLiabilitiesCurrent | 15,203us-gaap_AccruedLiabilitiesCurrent |
Total current liabilities | 30,086us-gaap_LiabilitiesCurrent | 32,950us-gaap_LiabilitiesCurrent |
Long-term debt, net of current portion | 112,972us-gaap_SeniorLongTermNotes | 111,887us-gaap_SeniorLongTermNotes |
Revolving credit facility | 41,000us-gaap_LongTermLineOfCredit | 40,500us-gaap_LongTermLineOfCredit |
Convertible subordinated notes due 2021 | 115,369us-gaap_ConvertibleLongTermNotesPayable | 114,542us-gaap_ConvertibleLongTermNotesPayable |
Obligations under capital leases, net of current portion | 3,044us-gaap_CapitalLeaseObligationsNoncurrent | 3,098us-gaap_CapitalLeaseObligationsNoncurrent |
Deferred preneed cemetery revenue | 56,871csv_DeferredPreneedCemeteryRevenue | 56,875csv_DeferredPreneedCemeteryRevenue |
Deferred preneed funeral revenue | 31,187csv_DeferredPreneedFuneralRevenue | 31,265csv_DeferredPreneedFuneralRevenue |
Deferred tax liability | 36,487us-gaap_DeferredTaxLiabilitiesNoncurrent | 36,414us-gaap_DeferredTaxLiabilitiesNoncurrent |
Other long-term liabilities | 3,086us-gaap_OtherLiabilitiesNoncurrent | 2,401us-gaap_OtherLiabilitiesNoncurrent |
Deferred preneed cemetery receipts held in trust | 72,534csv_DeferredPreneedCemeteryReceiptsHeldInTrust | 71,972csv_DeferredPreneedCemeteryReceiptsHeldInTrust |
Deferred preneed funeral receipts held in trust | 97,240csv_DeferredPreneedFuneralReceiptsHeldInTrust | 97,607csv_DeferredPreneedFuneralReceiptsHeldInTrust |
Care trusts’ corpus | 49,184csv_CareTrustsCorpus | 48,142csv_CareTrustsCorpus |
Total liabilities | 649,060us-gaap_Liabilities | 647,653us-gaap_Liabilities |
Commitments and contingencies | ||
Stockholders’ equity: | ||
Common stock, $.01 par value; 80,000,000 shares authorized and 22,434,000 shares issued at December 31, 2014 and March 31, 2015 | 224us-gaap_CommonStockValue | 224us-gaap_CommonStockValue |
Additional paid-in capital | 212,268us-gaap_AdditionalPaidInCapitalCommonStock | 212,386us-gaap_AdditionalPaidInCapitalCommonStock |
Accumulated deficit | (11,050)us-gaap_RetainedEarningsAccumulatedDeficit | (17,468)us-gaap_RetainedEarningsAccumulatedDeficit |
Treasury stock, at cost; 3,922,000 shares at December 31, 2014 and March 31, 2015 | (15,267)us-gaap_TreasuryStockValue | (15,267)us-gaap_TreasuryStockValue |
Total stockholders’ equity | 186,175us-gaap_StockholdersEquity | 179,875us-gaap_StockholdersEquity |
Total liabilities and stockholders’ equity | $ 835,235us-gaap_LiabilitiesAndStockholdersEquity | $ 827,528us-gaap_LiabilitiesAndStockholdersEquity |
X | ||||||||||
- Definition
The total liability as of the balance sheet date from proceeds deposited into trust from the sale of cemetery property interment rights, including undistributed earnings on investments. No definition available.
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- Definition
The aggregate fair value as of the balance sheet date of financial instruments and other positions which may include : (1) fixed income securities; (2) common stock; and (3) mutual funds. No definition available.
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- Definition
Cemetery interment rights held for sale recorded at cost. No definition available.
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- Definition
The total liability as of the balance sheet date of amounts deposited into trust, including retrospective refunds and undistributed earnings and losses on investments. No definition available.
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- Definition
Deferred revenue amount as of balance sheet date. Trust investment earnings along with preneed contract collections not required to be placed in trust, are recorded in deferred preneed cemetery revenue until the service is performed or the merchandise is delivered. No definition available.
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- Definition
The total liability as of the balance sheet date of amounts deposited into trust, including retrospective refunds and undistributed earnings and losses on investments. No definition available.
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- Definition
Deferred revenue amount as of balance sheet date. Trust investment earnings along with preneed contract collections not required to be placed in trust, are recorded in deferred preneed funeral revenue until the service is performed. No definition available.
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- Definition
The aggregate fair value as of the balance sheet date of financial instruments and other positions which may include: (1) fixed income securities; (2) common stock; (3) mutual funds; (4) common trust funds; (5) master trusts; (6) certificates of deposit; (7) bank deposits; and (8) partnerships. No definition available.
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- Definition
The aggregate fair value as of the balance sheet date of financial instruments and other positions which may include : (1) fixed income securities; (2) common stock; and (3) mutual funds. No definition available.
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- Definition
A contracted amount representing a promise to pay the Entity (holder) a definite sum of money at a future date, net of any write-downs taken for collection uncertainty on the part of the holder. Such amount may include accrued interest receivable in accordance with the terms of the contract. May include both pledged and unpledged holdings. No definition available.
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- Definition
An amount representing assets in trusts, reported at cost, which are controlled and operated by third parties in which the Company does not have a controlling financial interest (less than 50%) in the trust assets. May include both pledged and unpledged holdings. No definition available.
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal, through the balance sheet date and due to be paid more than one year (or one operating cycle, if longer) after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of long-term debt (with maturities initially due after one year or beyond the operating cycle if longer) identified as Convertible Notes Payable, excluding current portion. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount of deferred costs and other assets not separately disclosed. No definition available.
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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X | ||||||||||
- Definition
Amount of long-term debt and capital leases due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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