StoneMor (STON) 10-Q 14 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 11, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Entity Registrant Name	STONEMOR INC.
Entity Central Index Key	0001753886
Trading Symbol	STON
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		117,824,266
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-39172
Entity Tax Identification Number	80-0103152
Entity Address, Address Line One	3600 Horizon Boulevard
Entity Address, City or Town	Trevose
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19053
City Area Code	215
Local Phone Number	826-2800
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, $0.01 par value per share
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents, excluding restricted cash	$ 42,862	$ 34,867
Restricted cash	20,698	21,900
Accounts receivable, net of allowance	55,963	55,794
Prepaid expenses	4,630	4,778
Assets held for sale	31,751	23,858
Other current assets	13,877	17,142
Total current assets	169,781	158,339
Long-term accounts receivable, net of allowance	73,106	75,549
Cemetery property	303,502	320,605
Property and equipment, net of accumulated depreciation	91,892	103,400
Merchandise trusts, restricted, at fair value	472,500	517,192
Perpetual care trusts, restricted, at fair value	298,221	343,619
Deferred selling and obtaining costs	115,401	114,944
Deferred tax assets	29	81
Intangible assets	55,652	56,246
Other assets	25,966	29,393
Total assets	1,606,050	1,719,368
Current liabilities:
Accounts payable and accrued liabilities	49,624	55,134
Liabilities held for sale	24,274	20,668
Accrued interest	111	125
Current portion, long-term debt	1,291	374
Total current liabilities	75,300	76,301
Long-term debt, net of deferred financing costs	322,038	367,963
Deferred revenues	910,870	949,375
Deferred tax liabilities	32,220	34,613
Perpetual care trust corpus	298,221	343,619
Other long-term liabilities	47,110	49,987
Total liabilities	1,685,759	1,821,858
Commitments and contingencies
Owners' equity:
Common stock, par value $0.01 per share, 200,000,000 shares authorized, 117,794,520 and 94,447,356 shares issued and outstanding, respectively	1,177	944
Paid-in capital in excess of par value	(85,975)	(103,434)
Retained earnings	5,089
Total owners' equity	(79,709)	(102,490)
Total liabilities and owners' equity	$ 1,606,050	$ 1,719,368

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	117,794,520	94,447,356
Common stock, shares outstanding	117,794,520	94,447,356

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Revenues		$ 70,707	$ 78,495	$ 141,952	$ 149,964
Costs and Expenses:
Cost of goods sold		9,562	10,843	19,487	20,586
Cemetery expense		17,907	21,636	35,755	38,883
Selling expense		12,609	15,497	25,658	30,230
General and administrative expense		9,795	10,958	20,111	22,397
Corporate overhead		8,756	13,137	17,257	26,550
Depreciation and amortization		2,334	2,716	4,793	5,473
Total costs and expenses		70,883	85,254	143,639	166,086
Gain on sale of businesses		7,034		31,120
Other losses		(2,169)	(3,429)	(2,169)	(3,429)
Operating income (loss)		4,689	(10,188)	27,264	(19,551)
Interest expense		(12,095)	(9,346)	(24,379)	(22,517)
Loss on debt extinguishment			(8,478)		(8,478)
(Loss) income from operations before income taxes		(7,406)	(28,012)	2,885	(50,546)
Income tax benefit (expense)		3,492	(6,386)	2,204	(6,386)
Net (loss) income		$ (3,914)	$ (34,398)	$ 5,089	$ (56,932)
Net (loss) income per common share (basic)	[1]	$ (0.04)	$ (0.87)	$ 0.05	$ (1.46)
Net (loss) income per common share (diluted)	[1]	$ (0.04)	$ (0.87)	$ 0.05	$ (1.46)
Weighted average number of common shares outstanding - basic	[2]	97,572	39,329	96,022	39,115
Weighted average number of common shares outstanding - diluted	[2]	97,572	39,329	96,022	39,115
Cemetery
Revenues:
Revenues		$ 58,932	$ 65,628	$ 116,998	$ 123,538
Costs and Expenses:
Depreciation and amortization		1,619	1,920	3,323	3,882
Operating costs and expenses		49,873	58,934	101,011	112,096
Cemetery | Interments
Revenues:
Revenues		17,392	20,995	33,346	36,939
Cemetery | Merchandise
Revenues:
Revenues		15,073	17,315	30,239	33,856
Cemetery | Services
Revenues:
Revenues		16,928	17,365	32,488	33,332
Cemetery | Investment and other
Revenues:
Revenues		9,539	9,953	20,925	19,411
Funeral Home
Revenues:
Revenues		11,775	12,867	24,954	26,426
Costs and Expenses:
Depreciation and amortization		489	598	1,028	1,186
Operating costs and expenses		9,920	10,467	20,578	21,967
Funeral Home | Merchandise
Revenues:
Revenues		5,609	6,073	12,177	12,348
Costs and Expenses:
Operating costs and expenses		1,538	1,014	3,314	3,331
Funeral Home | Services
Revenues:
Revenues		6,166	6,794	12,777	14,078
Costs and Expenses:
Operating costs and expenses		5,297	5,459	10,694	11,012
Funeral Home | Investment and other
Costs and Expenses:
Operating costs and expenses		$ 3,085	$ 3,994	$ 6,570	$ 7,624
[1]	For the three and six months ended June 30, 2020, represents net (loss) income divided by weighted average number of common shares outstanding and for the three and six months ended June 30, 2019, represents net loss divided by weighted average number of common limited partner units outstanding.
[2]	For the three and six months ended June 30, 2020, represents weighted average number of common shares outstanding and for the three and six months ended June 30, 2019, represents weighted average number of common limited partner units outstanding.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF PREFERRED UNITS AND PARTNERS EARNINGS (DEFICIT) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Beginning Balance	$ (93,112)	$ (102,490)			$ (102,490)
Beginning Balance			$ (28,835)	$ (6,578)		$ (6,578)
Issuance of Series A Preferred Stock/Units	8,800		57,500
Issuance of Common Stock	8,200
Common stock awards under incentive plans	317	375
Common unit awards under incentive plans			2,289	277
Net income (loss)	(3,914)	9,003	(34,398)	(22,534)	5,089	(56,932)
Ending Balance	$ (79,709)	(93,112)			(79,709)
Ending Balance			(3,444)	$ (28,835)		(3,444)
Redeemable Convertible Preferred Unit
Issuance of Series A Preferred Stock/Units			$ 57,500
Issuance of Series A Preferred Stock\units (in shares\units)			52,083,333
Ending Balance			$ 57,500			$ 57,500
Ending Balance (in units)			52,083,333			52,083,333
Outstanding Common Units
Beginning Balance (in units)			38,260,471	37,958,645		37,958,645
Common unit awards under incentive plans (in units)			1,273,376	301,826
Ending Balance (in units)			39,533,847	38,260,471		39,533,847
Common Limited Partners
Beginning Balance			$ (24,593)	$ (2,570)		$ (2,570)
Common unit awards under incentive plans			2,287	277
Net income (loss)			(34,041)	(22,300)
Ending Balance			(56,347)	(24,593)		(56,347)
General Partner
Beginning Balance			(4,242)	(4,008)		(4,008)
Common unit awards under incentive plans			2
Net income (loss)			(357)	(234)
Ending Balance			$ (4,597)	$ (4,242)		$ (4,597)
Series A Preferred Stock
Issuance of Series A Preferred Stock\units (in shares\units)	176
Exchange of Series A Preferred Stock for Common Stock (in shares)	(176)
Common Stock
Beginning Balance	$ 944	$ 944			$ 944
Beginning Balance (in shares)	94,477,102	94,447,356			94,447,356
Exchange of Series A Preferred Stock for Common Stock	$ 121
Exchange of Series A Preferred Stock for Common Stock (in shares)	12,054,795
Issuance of Common Stock	$ 112
Issuance of Common Stock (in shares)	11,232,877
Common stock awards under incentive plans (in shares)	29,746	29,746
Ending Balance	$ 1,177	$ 944			$ 1,177
Ending Balance (in shares)	117,794,520	94,477,102			117,794,520
Paid-in Capital in Excess of Par Value
Beginning Balance	$ (103,059)	$ (103,434)			$ (103,434)
Issuance of Series A Preferred Stock/Units	8,800
Exchange of Series A Preferred Stock for Common Stock	(121)
Issuance of Common Stock	8,088
Common stock awards under incentive plans	317	375
Ending Balance	(85,975)	(103,059)			(85,975)
Retained Earnings
Beginning Balance	9,003
Net income (loss)	(3,914)	9,003
Ending Balance	$ 5,089	$ 9,003			$ 5,089

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows From Operating Activities:
Net income (loss)	$ 5,089	$ (56,932)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Cost of lots sold	2,843	3,718
Depreciation and amortization	4,793	5,473
Provision for bad debt	3,807	4,219
Non-cash compensation expense	727	2,566
Loss on debt extinguishment		8,478
Non-cash interest expense	10,506	6,684
Gain on sale of businesses	(31,120)
Other losses, net	2,169	3,433
Changes in assets and liabilities:
Accounts receivable, net of allowance	(8,234)	(8,611)
Merchandise trust fund	(2,242)	(9,482)
Other assets	4,746	(4,522)
Deferred selling and obtaining costs	(2,968)	(1,165)
Deferred revenues	19,663	15,126
Deferred taxes, net	(2,340)	6,227
Payables and other liabilities	(6,238)	(6,784)
Net cash provided by (used in) operating activities	1,201	(31,572)
Cash Flows From Investing Activities:
Cash paid for capital expenditures	(3,791)	(4,838)
Proceeds from divestitures	48,336	1,250
Net cash provided by (used in) investing activities	44,545	(3,588)
Cash Flows From Financing Activities:
Proceeds from issuance of Series A Preferred Stock	8,800
Proceeds from issuance of Common Stock	8,200
Proceeds from issuance of redeemable convertible preferred units, net		57,500
Proceeds from borrowings	2,639	406,087
Repayments of debt	(53,572)	(366,470)
Principal payment on finance leases	(749)	(713)
Cost of financing activities	(4,236)	(17,437)
Shares repurchased related to share-based compensation	(35)
Net cash (used in) provided by financing activities	(38,953)	78,967
Net increase in cash, cash equivalents and restricted cash	6,793	43,807
Cash, cash equivalents and restricted cash—Beginning of period	56,767	18,147
Cash, cash equivalents and restricted cash—End of period	63,560	61,954
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	13,675	16,981
Cash paid during the period for income taxes		1,402
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	1,611	1,858
Operating cash flows from finance leases	225	238
Financing cash flows from finance leases	749	713
Non-cash investing and financing activities:
Acquisition of assets by financing		1,731
Net transfers within assets held for sale	80,781	$ (408)
Accrued paid-in-kind interest on Senior Secured Notes	$ 7,077

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
GENERAL	1. GENERAL Effective as of December 31, 2019, pursuant to that certain Merger and Reorganization Agreement (as amended, the “Merger Agreement”) by and among StoneMor GP LLC (“StoneMor GP”), a Delaware limited liability company and the general partner of StoneMor Partners L.P. (the “Partnership”), the Partnership, StoneMor GP Holdings LLC, a Delaware limited liability company and formerly the sole member of GP (“GP Holdings”) and Hans Merger Sub, LLC, a Delaware limited liability company and wholly-owned subsidiary of GP (“Merger Sub”), GP converted from a Delaware limited liability company into a Delaware corporation named StoneMor Inc. (the “Company”) and Merger Sub was merged with and into the Partnership (the “Merger”). The Company is the successor registrant to the Partnership pursuant to Rule 405 under the Securities Act of 1933, as amended (the “Securities Act”) and Rule 12g-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As used in this Quarterly Report on Form 10-Q (the “Quarterly Report”), unless the context otherwise requires, references to the terms the “Company,” “StoneMor,” “we,” “us,” and “our” refer to StoneMor Inc. and its consolidated subsidiaries for all periods from and after the Merger and to StoneMor Partners L.P. and its consolidated subsidiaries for all periods prior to the Merger. Nature of Operations The Company is a provider of funeral and cemetery products and services in the death care industry in the United States. As of June 30, 2020, the Company operated 318 cemeteries in 27 states and Puerto Rico, of which 288 were owned and 30 were operated under lease, management or operating agreements. The Company also owned and operated 87 funeral homes, including 40 located on the grounds of cemetery properties that the Company owned, in 17 states and Puerto Rico. The Company’s cemeteries provide cemetery property interment rights, such as burial lots, lawn and mausoleum crypts, and cremation niches. Cemetery merchandise is comprised of burial vaults, caskets, grave markers and memorials. Cemetery services include the installation of this merchandise and other service items. The Company sells these products and services both at the time of death, which is referred to as at-need, and prior to the time of death, which is referred to as pre-need. The Company’s funeral home services include family consultation, the removal and preparation of remains, insurance products and the use of funeral home facilities for visitation and memorial services. C-Corporation Conversion On December 31, 2019, pursuant to the terms of the Merger Agreement, the Company completed the following series of reorganization transactions (which the Company sometimes refer to collectively as the “C-Corporation Conversion”): • GP Holdings contributed its entire equity interest in the Partnership to StoneMor GP and, in exchange, ultimately received an aggregate of 5,099,969 shares of the Company’s common stock; • StoneMor GP contributed the common units in the Partnership it received from GP Holdings to StoneMor LP Holdings, LLC (“LP Sub”), a Delaware limited liability company and wholly-owned subsidiary of StoneMor GP; • Merger Sub merged with and into the Partnership, with the Partnership surviving as a Delaware limited partnership, and pursuant to which each outstanding Series A Convertible Preferred Unit (defined within) and Common Unit (defined within) (other than the common units held by LP Sub) was converted into the right to receive one share of the Company’s common stock; and • StoneMor GP converted from a Delaware limited liability company to a Delaware corporation called StoneMor Inc. As a result of the C-Corporation Conversion, the Company remains the general partner of the Partnership and LP Sub is the sole limited partner of the Partnership such that, directly or indirectly, the Company owns 100% of the interests in the Partnership. The C-Corporation Conversion represented a transaction between entities under common control and was accounted for similarly to pooling of interests in a business combination. The common stock of the Company issued to the holders of the common units and preferred units of the Partnership and to GP Holdings for its general partner interest in the Partnership was recognized by the Company at the carrying value of the equity interests in the Partnership. In addition, the Company became the successor and the Partnership the predecessor for the purposes of financial reporting. Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements, which are unaudited, have been prepared in accordance with the requirements of the Quarterly Report on Form 10-Q and Generally Accepted Accounting Principles (“GAAP”) for interim reporting. They do not include all disclosures normally made in financial statements contained in Annual Reports on Form 10-K. In management’s opinion, all adjustments necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the periods disclosed have been made. The balance sheet at December 31, 2019 has been derived from the audited consolidated financial statement as of December 31, 2019, as presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with The unaudited condensed consolidated financial statements include the accounts of each of the Company’s 100% owned subsidiaries. These statements also include the accounts of the merchandise and perpetual care trusts in which the Company has a variable interest and is the primary beneficiary. The Company operates 30 cemeteries under long-term leases, operating agreements and management agreements. The operations of 16 of these managed cemeteries have been consolidated. The Company operates 14 cemeteries under long-term leases and other agreements that do not qualify as acquisitions for accounting purposes. As a result, the Company did not consolidate all of the existing assets and liabilities related to these cemeteries. The Company has consolidated the existing assets and liabilities of the merchandise and perpetual care trusts associated with these cemeteries as variable interest entities, since the Company controls and receives the benefits and absorbs any losses from operating these trusts. Under the long-term leases, and other agreements associated with these properties, which are subject to certain termination provisions, the Company is the exclusive operator of these cemeteries and earns revenues related to sales of merchandise, services and interment rights and incurs expenses related to such sales, including the maintenance and upkeep of these cemeteries. Upon termination of these agreements, the Company will retain all of the benefits and related contractual obligations incurred from sales generated during the agreement period. The Company has also recognized the existing customer contract-related performance obligations that it assumed as part of these agreements. COVID-19 and Business Interruption The outbreak of COVID-19, which has reached pandemic proportions (“COVID-19 Pandemic”), poses a significant threat to the health and economic wellbeing of the Company’s employees, customers and vendors. The Company’s operations have been deemed essential by the state and local governments in which it operates, with the exception of Puerto Rico, and the Company is actively working with federal, state and local government officials to ensure that it continues to satisfy their requirements for offering the Company’s essential services. The operation of all of the Company’s facilities is critically dependent on the Company’s employees who staff these locations. To ensure the wellbeing of the Company’s employees and their families, the Company provided every employee of the Company with detailed health and safety literature on COVID-19, such as the Centers for Disease Control and Prevention (the “CDC”)’s industry-specific guidelines for working with the deceased who were or may have been infected with COVID-19. In addition, the Company’s procurement and safety teams have updated and developed new safety-oriented guidelines to support daily field operations and continue to provide personal protection equipment to those employees whose positions necessitate it. The Company implemented work from home policies at the Company’s corporate office consistent with the CDC’s guidance to reduce the risks of exposure to COVID-19 while still supporting the families that we serve. The Company has not experienced any significant disruptions to its business as a result of the work from home policies in its corporate office. The Company’s marketing and sales team quickly responded to the sales challenges presented by the COVID-19 Pandemic by implementing virtual meeting options using a variety of web-based tools to ensure that the Company’s sales personnel can continue to connect with and meet the needs of the Company’s customers in a safe, effective and productive manner. Some of the Company’s locations are providing live video streaming of their funeral and burial services to customers or providing other alternatives that respect social distancing, so that family and friends can connect during their time of grief. Like most businesses world-wide, the COVID-19 Pandemic has impacted the Company financially. During the last two weeks of the first quarter and into beginning of the second quarter, the Company saw its pre-need sales and at-need sales activity decline as Americans practiced social distancing and crowd size restrictions were put in place. However, during the last two months of the second quarter, the Company experienced at-need sales growth. While the Company expects that its pre-need sales could continue to be challenged during the continued COVID-19 Pandemic, the Company believes the implementation of its virtual meeting tools is one of several key steps to mitigate this disruption. In addition, throughout this disruption the Company’s cemeteries and funeral homes have largely remained open and available to serve its families in all the locations in which it operates to the extent permitted by local authorities, with the exception of Puerto Rico, and the Company expects that this will continue. The Company expects the COVID-19 Pandemic could have an adverse effect on its future results of operations and cash flows, however the Company cannot presently predict, with certainty, the scope and severity of that impact. On May 5, 2020, the Company’s Board of Directors, at the recommendation of its Compensation, Nominating and Governance Committee (the “CNG Committee”), approved certain voluntary temporary reductions in base salaries implemented by the Company’s senior management as part of measures being taken to reduce expenses given the uncertainty regarding the extent and potential duration of the COVID-19 pandemic and its impact on the Company’s financial condition. These voluntary base salary reductions, which began on April 20, 2020 and continued for ten weeks, did not modify other rights under any agreements or employee benefits that are determined by reference to base salary and did not give rise to any “good reason” resignation rights or any breach under the affected employees’ applicable arrangements with the Company. At the CNG Committee’s recommendation, the Board also approved reductions of 50% of the quarterly retainer fee and additional Board committee chair fees payable to non-employee directors for a ten-week period of the third quarter of 2020. Axar Proposal On May 27, 2020, the Company announced that it had received an unsolicited proposal letter (the “Proposal”), dated May 24, 2020, from proposing to acquire all of the outstanding shares of common stock of the Company not owned by Axar or its affiliates for $0.67 per share in cash, subject to certain conditions. Axar currently owns approximately 62% of the Company’s outstanding common stock. According to the Proposal, the proposed transaction would not be contingent on any financing and would be funded with equity from Axar and its affiliates. The Proposal states that the proposed transaction would be conditioned upon, among other things, the negotiation and execution of mutually satisfactory definitive agreements, which Axar proposed would contain terms customary for a transaction of this type, in addition to a closing condition that the approval of holders of a majority of the outstanding shares not owned by Axar or its affiliates be obtained. On May 26, 2020, the Company’s Board of Directors formed a special committee (the “Special Committee”) consisting of independent directors to consider and evaluate the transaction contemplated by the Proposal. The Special Committee has retained independent legal and financial advisors to assist in its review and evaluation of the proposed transaction and has been authorized by the Board to reject the proposed transaction or to recommend that the Board of Directors approve the terms of the proposed transaction. On June 16, 2020, the Company announced that the Special Committee sent a letter to Axar informing it that, after reviewing the Proposal, it had rejected the price proposed by Axar as inadequate. The Special Committee also informed Axar that it would be open to engaging in further discussions. See Note 19 Subsequent Events for further details on related events subsequent to June 30, 2020. Strategic Partnership Agreement On April 2, 2020, the Company entered into two multi-year Master Services Agreements (the “MSAs”) with Moon Landscaping, Inc. and its affiliate, Rickert Landscaping, Inc. (collectively “Moon”), which are being implemented in a phased approach. Under the terms of the MSAs, Moon agreed to provide all grounds and maintenance services at most of the funeral homes, cemeteries and other properties the Company owns or manages including, but not limited to, landscaping, openings and closings, burials, installations, routine maintenance and janitorial services. Moon also agreed to hire all of the Company’s grounds and maintenance employees at the serviced locations upon transition and perform all functions handled by those employees. The Company agreed to pay a total of approximately $241.0 million over the term of the contracts, which run through December 31, 2024, based upon an initial annual cost of $49.0 million and annual increases of 2%. The first year cost will be prorated based upon exact implementation and roll-out schedule for each location. As part of the MSAs, the Company agreed to sublease to Moon the landscaping and maintenance equipment that it leases and to lease the landscaping and maintenance equipment to Moon that it owns for the duration of the agreements. The Company agreed to transfer title to any such equipment it owns at the end of the term to Moon, in each case without any additional payment by Moon. As of June 30, 2020, the net book value of the equipment the Company was leasing to Moon was approximately $5.5 million . Each party has the right to terminate the MSAs at any time on six months’ prior written notice, provided that if the Company terminates the MSAs without cause, it will be obligated to pay Moon an equipment credit fee in the amount of $1.0 million for each year remaining in the term, prorated for the portion of the year in which any such termination occurs. Amendments to Indenture and Capital Raise On April 1, 2020, the Partnership and CFS West Virginia (collectively, the “Issuers”) and Wilmington Trust, National Association, as trustee, entered into the Third Supplemental Indenture (the “Supplemental Indenture”) to the Indenture. Pursuant to the terms of the Supplemental Indenture, the following financial covenants were amended: • The Interest Coverage Ratio measurements at March 31, June 30 and September 30, 2020 were eliminated and replaced with a Minimum Operating Cash Flow covenant of $(25.0 million), $(35.0 million) and $(35.0 million), respectively; • The required Interest Coverage Ratios at December 31, 2020, March 31, 2021 and June 30, 2021 were reduced to 0.00x, 0.75x and 1.10x, respectively, from 1.15x, 1.25x and 1.30x; and • The Asset Coverage tests at March 31, June 30, September 30 and December 31, 2020 were reduced to 1.40x from 1.60x. In addition, the premium payable upon voluntary redemption of the 9.875 The Issuers also agreed in the Supplemental Indenture to use their best efforts to cause the Company to effectuate a rights offering on the terms described below as promptly as practicable with an expiration date no later than July 24, 2020 and to receive proceeds of not less than $8.2 million therefrom (in addition to the $8.8 million capital raise described below). Concurrently with the execution of the Supplemental Indenture, the Company entered into a letter agreement (the “Axar Commitment”) with Axar pursuant to which Axar committed to (a) purchase shares of our Series A Preferred Stock with an aggregate purchase price of $8.8 million on April 3, 2020, (b) exercise its basic rights in the rights offering by tendering the shares of Series A Preferred Stock so purchased for shares of Common Stock and (c) purchasing any shares offered in the rights offering for which other stockholders do not exercise their rights, up to a maximum of an additional $8.2 million of such shares. The Company did not pay Axar any commitment, backstop or other fees in connection with the Axar Commitment. On April 3, 2020, as contemplated by the Axar Commitment, the Company and Axar CL SPV LLC, Star V Partners LLC and Blackwell Partners LLC –Series E. (the “2020 Purchasers”) entered into a Series A Preferred Stock Purchase Agreement (the “2020 Preferred Purchase Agreement”) pursuant to which the Company sold 176 shares of its Series A Preferred Stock, par value $0.01 per share (the “Preferred Shares”), for a cash price of $50,000 per share, an aggregate of $8.8 million. The Company offered and sold the Preferred Shares in reliance upon the exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof. The Company relied on this exemption from registration based in part on representations made by the 2020 Purchasers in the 2020 Preferred Purchase Agreement. Under the terms of the Supplemental Indenture and the Axar Commitment, the Company agreed to undertake an offering to holders of its Common Stock of transferable rights to purchase their pro rata share of shares of Common Stock with an aggregate exercise price of at least $17.0 million at a price of $0.73 per share. The rights offering period, during which the rights will be transferable, will be no less than 20 calendar days and no more than 45 calendar days. The Company agreed to use its best efforts to complete the rights offering with an expiration date no later than July 24, 2020. On May 27 2020, the Company entered into a Common Stock Purchase Agreement (the “Common Stock Purchase Agreement”) with Axar, the accounts managed by Axar set forth on Schedule B thereto and one or more accounts managed by Axar to be designated by it (collectively, the “Purchasers”) pursuant to which the Company agreed to sell an aggregate of 23,287,672 shares of its Common Stock, par value $0.01 per share to the Purchasers at a price of $0.73 per share, an aggregate of $17.0 million. Because the Company’s common stock had been trading at a price less than the $0.73 subscription price for the rights offering described above, the Company’s Board of Directors determined and Axar agreed in the Common Stock Purchase Agreement to amend the Axar Commitment to provide for a direct purchase of the 23,287,672 shares of common stock and avoid the expense of proceeding with the rights offering while obtaining the same per share and aggregate purchase price contemplated by the Axar Commitment. On June 19, 2020, the Company completed the sale of the aggregate of 23,287,672 shares of its Common Stock (the “New Common Shares”) as contemplated by the Common Stock Purchase Agreement. The Company issued and sold to the Purchasers, and the Purchasers acquired and purchased from the Company, (a) 12,054,795 New Common Shares in exchange for the surrender of 176 shares of Preferred Shares of the Company purchased on April 3, 2020, with a stated value of $8.8 million (an exchange ratio of 68,493.15 New Common Shares for each share of Series A Preferred Stock surrendered), and (b) 11,232,877 New Common Shares for a cash purchase price of $0.73 per share, an aggregate of $8.2 million. The Company offered and sold the New Common Shares in reliance upon the exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof. The Company relied on this exemption from registration based in part on representations made by the Purchasers in the Purchase Agreement. Sources and Uses of Liquidity The Company’s primary sources of liquidity are cash generated from operations and proceeds from asset sales. The Company’s primary cash requirements, in addition to normal operating expenses, are for capital expenditures, net contributions to the merchandise and perpetual care trust funds and debt service. In general, as part of its operating strategy, the Company expects to fund: • working capital deficits through available cash, cash generated from operations, proceeds from asset sales and proceeds from equity offerings; • expansion capital expenditures, net contributions to the merchandise and perpetual care trust funds and debt service obligations through available cash, cash generated from operations or proceeds from asset sales. Amounts contributed to the merchandise trust funds will be withdrawn at the time of the delivery of the product or service sold to which the contribution related (see "Summary of Significant Accounting Policies" section below regarding revenue recognition), which will reduce the amount of additional borrowings or asset sales needed; and • any maintenance capital expenditures through available cash and cash flows from operating activities. While the Company relies heavily on its available cash and cash flows from operating activities to execute its operational strategy and meet its financial commitments and other short-term financial needs, the Company cannot be certain that sufficient capital will be generated through operations or be available to the Company to the extent required and on acceptable terms. The Company has experienced negative financial trends, including use of cash in operating activities, which, when considered in the aggregate, could raise substantial doubt about the Company’s ability to continue as a going concern. These negative financial trends include: • the Company has incurred net losses for the past several years and generated negative cash flow from operating activities for the year ended December 31, 2019 and the three months ended March 31, 2020, due to an increased competitive environment and increases in professional fees and compliance costs; and • a decline in billings coupled with the increase in professional, compliance and consulting expenses that tightened the Company's liquidity position and increased reliance on long-term financial obligations. During 2019 and 2020, the Company implemented (and will continue to implement) various actions to improve profitability and cash flows to fund operations. A summary of these actions is as follows: • sold an aggregate of 52,083,333 Preferred Units for an aggregate purchase price of $57.5 million and completed a private placement of $385.0 million of the Senior Secured Notes in June 2019. The net proceeds of both transactions were used to fully repay the then-outstanding 7.875% senior notes due in June 2021 (the “Senior Notes”) and retire the Company’s revolving credit facility that was due in May 2020; • manage recurring operating expenses, seek to limit non-recurring operating expenses and implement cost reduction initiatives to minimize the impact of the COVID-19 Pandemic on the Company; • identify and complete sales of select assets to de-leverage the balance sheet; and • raised $17.0 million in equity capital from the sale of 176 Preferred Shares and the subsequent exchange of such Preferred Shares for 12,054,795 shares of its Common Stock and the sale of an additional 11,232,877 shares of its Common Stock. In addition, there is no certainty that the Company's actual operating performance and cash flows will not be substantially different from forecasted results or that the Company will not need amendments to the Indenture in the future or that any such amendments will be available on terms acceptable to the Company or at all. Factors that could impact the significant assumptions used by the Company in assessing its ability to satisfy its financial covenants include the following: • operating performance not meeting reasonably expected forecasts, including the effects of the COVID-19 Pandemic on the Company’s operations; • failing to generate profitable sales; • investments in the Company's trust funds experiencing significant declines due to factors outside its control; • being unable to compete successfully with other cemeteries and funeral homes in the Company's markets; • the number of deaths in the Company's markets declining; and • an adverse change in the mix of funeral and cemetery revenues between burials and cremations. If the Company's planned, implemented and not yet implemented actions are not successful in generating sustainable cash savings for the Company, or the Company fails to improve its operating performance and cash flows or the Company is not able to comply with the covenants under the Indenture, the Company may be forced to limit its business activities, limit its ability to implement further modifications to its operations or limit the effectiveness of some actions that are included in its forecasts, amend its Indenture and/or seek other sources of capital, and the Company may be unable to continue as a going concern. Additionally, a failure to generate additional liquidity could negatively impact the Company's access to inventory or services that are important to the operation of the Company's business. Any of these events may have a material adverse effect on the Company's results of operations and financial condition, and limit the Company’s ability to continue as a going concern. Based on the Company's forecasted operating performance, planned actions to improve the Company’s profitability and cash flows, the execution of the Supplemental Indenture and the Axar Commitment and the completion of the transactions contemplated thereby, including the receipt of $17.0 million in gross proceeds, together with plans to file its financial statements on a timely basis consistent with the debt covenants and commitment to filing its periodic reports on a timely basis consistent with the debt covenants, the Company does not believe it is probable that it will breach the covenants under the Indenture or be unable to continue as a going concern for the next twelve-month period. As such, the unaudited condensed consolidated financial statements for the three and six months ended June 30, 2020 were prepared on the basis of a going concern, which contemplates that the Company will be able to realize assets and discharge liabilities in the normal course of business. Accordingly, they do not give effect to adjustments, if any, that would be necessary should the Company be required to liquidate its assets. NYSE Delisting Notification On April 14, 2020, the Company received notice from the New York Stock Exchange (the “NYSE”) stating that upon its review of the Company’s financial condition, the NYSE has concluded that the Company is not in compliance with the NYSE’s continued listing requirements (the “NYSE Notification”), since as of April 13, 2020, the 30-trading day average closing price of the Company’s Common Stock had fallen below $1.00 per share over a consecutive 30 trading-day period, which is the minimum average share price for continued listing on the NYSE under Rule 802.01C of the NYSE Listed Company Manual (the “NYSE Listed Manual”). As of April 13, 2020, the Company’s 30 trading-day average closing share price of its security was $0.97. The Company has a period of six months following the receipt of the NYSE Notification to regain compliance with the minimum share price requirement, which was tolled from April 21, 2020 through June 30, 2020. In order to regain compliance, on the last trading day of any calendar month during the cure period, the Common Stock must have (i) a closing price of at least $1.00 per share and (ii) an average closing price of at least $1.00 per share over the 30-trading day period ending on the last trading day of such month. As required, the Company notified the NYSE, within 10 business days of receipt of the NYSE Notification, of its intent to cure this deficiency in order to avoid immediate suspension and delisting procedures. In the event that at the expiration of the six–month cure period, both a $1.00 share price and a $1.00 average share price over the preceding 30 trading days are not attained, the NYSE will commence suspension and delisting procedures. Alternatively, however, the Company can also demonstrate an accelerated cure based on a $1.00 share price on both the last trading day of any calendar month within the six-month cure period and the average share price over the 30 trading days preceding the end of that month. In response, the Company’s Board of Directors is reviewing all available alternatives to return to compliance with the NYSE continued listing standards . Summary of Significant Accounting Policies Refer to Note 1 General Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions as described in its Annual Report. These estimates and assumptions may affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. As a result, actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less from the time they are acquired to be cash equivalents. Cash and Cash Equivalents was $42.9 million and $34.9 million as of June 30, 2020 and December 31, 2019, respectively. Restricted Cash Cash that is restricted from withdrawal or use under the terms of certain contractual agreements is recorded as restricted cash. Restricted cash was $20.7 million and $21.9 million as of June 30, 2020 and December 31, 2019, respectively, which primarily related to cash collateralization of the Company’s letters of credit and surety bonds, and at December 31, 2019 also included a $5.0 million refundable deposit received in connection with the sale of one of the Company’s properties. Revenue The Company's revenues are derived from contracts with customers through sale and delivery of death care products and services. Primary sources of revenue are derived from (1) cemetery and funeral home operations generated both at-need and pre-need, which are classified on the unaudited condensed consolidated statements of operations as Interments, Merchandise and Services, (2) investment income, which includes income earned on assets maintained in perpetual care and merchandise trusts related to pre-need sales of cemetery and funeral home merchandise and services that are required to be maintained in the trust by state law and (3) interest earned on pre-need installment contracts. Investment income is presented within Investment and other for Cemetery revenue and Services for Funeral home revenue. Revenue is measured based on the consideration specified in a contract with a customer and is net of any sales incentives and amounts collected on behalf of third parties. Pre-need contracts are price guaranteed, providing for future merchandise and services at prices prevailing when the agreements are signed. Investment income is earned on certain payments received from customers on pre-need contracts, which are required by law to be deposited into the merchandise and service trusts. Amounts are withdrawn from the merchandise trusts when the Company fulfills the performance obligations. Earnings on these trust funds, which are specifically identifiable for each performance oblig

DIVESTITURES

DIVESTITURES	6 Months Ended
	Jun. 30, 2020
Discontinued Operations And Disposal Groups [Abstract]
DIVESTITURES	2. DIVESTITURES On January 3, 2020, the Company sold substantially all of the assets of Oakmont Memorial Park, Oakmont Funeral Home, Redwood Chapel, Inspiration Chapel and Oakmont Crematory located in California pursuant to the terms of an asset sale agreement (the “Oakmont Agreement”) with Carriage Funeral Holdings, Inc. for an aggregate cash purchase price of $33.0 million (the “Oakmont Sale”). The divested assets consisted of one cemetery, one funeral home and certain related assets. The Oakmont Sale resulted in a gain of $24.4 million for the Company, which is included in the accompanying condensed consolidated statement of operations for the six months ended June 30, 2020. Net proceeds from the sale were used to redeem an aggregate $30.3 million principal amount of the Senior Secured Notes. On April 7, 2020 , the Company completed the sale of substantially all of the assets of the cemetery, funeral establishment and crematory commonly known as Olivet Memorial Park, Olivet Funeral and Cremation Services and Olivet Memorial Park & Crematory pursuant to the terms of an asset sale agreement (the “Olivet Agreement”) with Cypress Lawn Cemetery Association for a net cash purchase price of $24.3 million, subject to certain adjustments (the “Olivet Sale”), and the assumption of certain liabilities, including $17.1 million in land purchase obligations . The Olivet Sale resulted in a gain of $7.2 million for the Company, which is included in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2020. The Company used net proceeds of $20.5 million to redeem additional Senior Secured Notes as required by the Indenture. In addition, in March 2020, the Company entered into an asset sale agreement (the “California Agreement”) with certain entities owned by John Yeatman and Guy Saxton to sell substantially all of the Company’s remaining California properties, consisting of five cemeteries, six funeral establishments and four crematories (the “Remaining California Assets”) for a cash purchase price of $7.1 million, subject to certain closing adjustments (the “Remaining California Sale” and together with the Olivet Sale, the “Total California Sale”). T he Company anticipates using the first $3.2 million of net proceeds and 80% of the remaining net proceeds from the Remaining California Sale to redeem additional principal portions of the outstanding Senior Secured Notes. During the three and six months ended June 30, 2020, the Company recorded an impairment charge of $2.2 million, which is presented in Other losses in the accompanying unaudited condensed consolidated statement of operations , to reduce the carrying value of the Remaining California Assets to their fair value. The following table summarizes the assets and liabilities that have been classified as Assets held for sale on the Company’s unaudited condensed consolidated balance sheets: June 30, December 31, 2020 2019 Remaining California Other Total Oakmont Other Total Assets Current assets: Accounts receivable, net of allowance $ 566 $ — $ 566 $ 580 $ — $ 580 Prepaid expenses — — — 34 — 34 Other current assets 115 — 115 35 — 35 Total current assets held for sale 681 — 681 649 — 649 Long-term accounts receivable, net of allowance 1,380 — 1,380 3,194 — 3,194 Cemetery property 8,643 350 8,993 5,811 350 6,161 Property and equipment, net of accumulated depreciation 1,894 — 1,894 2,762 150 2,912 Merchandise trusts, restricted, at fair value 11,806 — 11,806 6,673 — 6,673 Perpetual care trusts, restricted, at fair value 6,633 — 6,633 2,470 — 2,470 Deferred selling and obtaining costs 999 — 999 1,388 — 1,388 Other assets 1,534 — 1,534 411 — 411 Less: Impairment of assets held for sale (2,169 ) — (2,169 ) — — — Total assets held for sale $ 31,401 $ 350 $ 31,751 $ 23,358 $ 500 $ 23,858 Liabilities Current liabilities: Accounts payable and accrued liabilities $ 204 $ 179 $ 383 $ 102 $ — $ 102 Current portion, long-term debt — — — 36 — 36 Other current liabilities — — — 5,000 — 5,000 Total current liabilities held for sale 204 179 383 5,138 — 5,138 Deferred revenues 15,925 — 15,925 12,856 — 12,856 Perpetual care trust corpus 6,633 — 6,633 2,470 — 2,470 Other long-term liabilities 1,333 — 1,333 204 — 204 Total liabilities held for sale 24,095 179 24,274 20,668 — 20,668 Net assets held for sale $ 7,306 $ 171 $ 7,477 $ 2,690 $ 500 $ 3,190

EXIT AND DISPOSAL ACTIVITIES

EXIT AND DISPOSAL ACTIVITIES	6 Months Ended
	Jun. 30, 2020
Exit And Disposal Activities [Abstract]
EXIT AND DISPOSAL ACTIVITIES	3. EXIT AND DISPOSAL ACTIVITIES In an effort to minimize the impact of the COVID-19 Pandemic on the Company’s results of operations among other initiatives, the Company implemented certain cost reduction initiatives in April 2020, which included a reduction of 31 positions within its corporate functions at its headquarters located in Trevose, Pennsylvania and its Cemetery Operations segment. In January 2019, the Company announced a profit improvement initiative as part of its ongoing organizational review. This profit improvement initiative was intended to further integrate, streamline and optimize the Company’s operations. As part of this profit improvement initiative, during 2019 the Company undertook certain cost reduction initiatives, which included a reduction of approximately 200 positions of its workforce within its field operations and corporate functions in its headquarters located in Trevose, Pennsylvania. The Company does not expect to incur any additional charges related to this reduction in workforce. The following table summarizes the activity in the severance liability recognized for these reductions in workforce, by reportable segment (in thousands): Cemetery Operations Funeral Home Operations Corporate Consolidated Balance at December 31, 2019 $ 86 $ — $ 64 $ 150 Accruals 157 — 199 356 Cash payments (232 ) — (215 ) (447 ) Balance at June 30, 2020 $ 11 $ — $ 48 $ 59

ACCOUNTS RECEIVABLE, NET OF ALL

ACCOUNTS RECEIVABLE, NET OF ALLOWANCE	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET OF ALLOWANCE	4 . ACCOUNTS RECEIVABLE, NET OF ALLOWANCE Long-term accounts receivable, net, consisted of the following at the dates indicated (in thousands): June 30, 2020 December 31, 2019 Customer receivables $ 151,854 $ 153,530 Unearned finance income (15,787 ) (16,303 ) Allowance for doubtful accounts (6,998 ) (5,884 ) Accounts receivable, net of allowance 129,069 131,343 Less: Current portion, net of allowance 55,963 55,794 Long-term portion, net of allowance $ 73,106 $ 75,549 Activity in the allowance for doubtful accounts was as follows (in thousands): June 30, 2020 December 31, 2019 Balance, beginning of period $ 5,884 $ 4,941 Provision for doubtful accounts 3,807 7,559 Charge-offs, net (2,693 ) (6,616 ) Balance, end of period $ 6,998 $ 5,884 Management evaluates customer receivables for impairment based upon its historical experience, including the age of the receivables and the customers’ payment histories.

CEMETERY PROPERTY

CEMETERY PROPERTY	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
CEMETERY PROPERTY	5 . CEMETERY PROPERTY Cemetery property consisted of the following at the dates indicated (in thousands): June 30, 2020 December 31, 2019 Cemetery land $ 235,190 $ 249,260 Mausoleum crypts and lawn crypts 68,312 71,345 Cemetery property $ 303,502 $ 320,605

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
PROPERTY AND EQUIPMENT	6 . PROPERTY AND EQUIPMENT Property and equipment consisted of the following at the dates indicated (in thousands): June 30, 2020 December 31, 2019 Buildings and improvements $ 118,840 $ 125,382 Furniture and equipment 55,890 57,674 Funeral home land 11,285 14,185 Property and equipment, gross 186,015 197,241 Less: Accumulated depreciation (94,123 ) (93,841 ) Property and equipment, net of accumulated depreciation $ 91,892 $ 103,400 Depreciation expense was $2.0 million and $2.4 million for the three months ended June 30, 2020 and 2019 , respectively, and $4.2 million and $4.8 million for the six months ended June 30, 2020 and June 30, 2019, respectively.

MERCHANDISE TRUSTS

MERCHANDISE TRUSTS	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
MERCHANDISE TRUSTS	7 . MERCHANDISE TRUSTS At June 30, 2020 and December 31, 2019, the Company’s merchandise trusts consisted of investments in debt and equity marketable securities and cash equivalents, both directly and through mutual and investment funds. All of these investments are carried at fair value. All of these investments are subject to the fair value hierarchy and considered either Level 1 or Level 2 assets pursuant to the three-level hierarchy described in Note 14 Fair Value of Financial Instruments The Company included $9.3 million and $9.7 million of investments held in trust as required by law by the West Virginia Funeral Directors Association at June 30, 2020 and December 31, 2019, respectively, in its merchandise trust assets. These trusts are recognized at their account value, which approximates fair value. A reconciliation of the Company’s merchandise trust activities for the six months ended June 30, 2020 and 2019 is presented below (in thousands): Six months ended June 30, 2020 2019 Balance—beginning of period $ 517,192 $ 488,248 Contributions 22,779 27,075 Distributions (37,385 ) (30,938 ) Interest and dividends 11,827 15,479 Capital gain distributions 289 168 Realized gains and losses, net (516 ) 593 Other than temporary impairment (1,655 ) (2,314 ) Taxes 471 (716 ) Fees (4,107 ) (1,978 ) Unrealized change in fair value (24,589 ) 23,765 Total 484,306 519,382 Less: Assets held for sale (11,806 ) — Balance—end of period $ 472,500 $ 519,382 During the six months ended June 30, 2020 and 2019, purchases of available for sale securities were approximately $23.0 million and $29.1 million, respectively. During the six months ended June 30, 2020 and 2019, sales, maturities and paydowns of available for sale securities were approximately $25.5 million and $19.9 million, respectively. Cash flows from pre-need contracts are presented as operating cash flows in the Company’s unaudited condensed consolidated statements of cash flows. The cost and market value associated with the assets held in the merchandise trusts as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 104,706 $ — $ — $ 104,706 Fixed maturities: U.S. governmental securities 2 355 18 (72 ) 301 Corporate debt securities 2 13,472 1,346 (126 ) 14,692 Other debt securities 2 23,586 1,826 (9 ) 25,403 Total fixed maturities 37,413 3,190 (207 ) 40,396 Mutual funds—debt securities 1 22,786 458 (820 ) 22,424 Mutual funds—equity securities 1 46,039 2,367 (17,283 ) 31,123 Other investment funds (1) 230,105 19,853 (13,618 ) 236,340 Equity securities 1 45,097 1,519 (11,971 ) 34,645 Other invested assets 2 5,355 26 — 5,381 Total investments 491,501 27,413 (43,899 ) 475,015 West Virginia Trust Receivable 9,514 — (221 ) 9,293 Total $ 501,015 $ 27,413 $ (44,120 ) $ 484,308 Less: Assets held for sale (12,154 ) — 346 (11,808 ) Total $ 488,861 $ 27,413 $ (43,774 ) $ 472,500 (1) Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have redemption periods ranging from 1 to 30 days, and private credit funds, which have lockup periods of zero to six years with three potential one year extensions at the discretion of the funds’ general partners. As of June 30, 2020, there were $45.9 million in unfunded investment commitments to the private credit funds, which are callable at any time. December 31, 2019 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 144,610 $ — $ — $ 144,610 Fixed maturities: U.S. governmental securities 2 456 6 (65 ) 397 Corporate debt securities 2 783 14 (133 ) 664 Total fixed maturities 1,239 20 (198 ) 1,061 Mutual funds—debt securities 1 67,801 1,857 (6 ) 69,652 Mutual funds—equity securities 1 46,609 1,744 — 48,353 Other investment funds (1) 213,024 6,366 (2,953 ) 216,437 Equity securities 1 24,386 1,327 (4 ) 25,709 Other invested assets 2 8,360 32 — 8,392 Total investments 506,029 11,346 (3,161 ) 514,214 West Virginia Trust Receivable 9,651 — — 9,651 Total $ 515,680 $ 11,346 $ (3,161 ) $ 523,865 Less: Assets held for sale (6,369 ) (304 ) — (6,673 ) Total $ 509,311 $ 11,042 $ (3,161 ) $ 517,192 (1) Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have redemption periods ranging from 1 to 30 days, and private credit funds, which have lockup periods of one to six years with three potential one year extensions at the discretion of the funds’ general partners. As of December 31, 2019, there were $57.3 million in unfunded investment commitments to the private credit funds, which are callable at any time. The contractual maturities of debt securities as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ — $ 110 $ 179 $ 12 Corporate debt securities 3,824 6,566 4,302 — Other debt securities 16,034 9,369 — — Total fixed maturities $ 19,858 $ 16,045 $ 4,481 $ 12 December 31, 2019 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ 112 $ 78 $ 193 $ 13 Corporate debt securities 101 546 16 — Total fixed maturities $ 213 $ 624 $ 209 $ 13 Temporary Declines in Fair Value The Company evaluates declines in fair value below cost for each asset held in the merchandise trusts on a quarterly basis. An aging of unrealized losses on the Company’s investments in debt and equity securities within the merchandise trusts as of June 30, 2020 and December 31, 2019 is presented below (in thousands): Less than 12 months 12 months or more Total June 30, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 29 $ — $ 300 $ 72 $ 329 $ 72 Corporate debt securities 2,087 6 503 120 2,590 126 Other debt securities 6,774 9 — — 6,774 9 Total fixed maturities 8,890 15 803 192 9,693 207 Mutual funds—debt securities 11,436 472 — 348 11,436 820 Mutual funds—equity securities 25,533 15,900 — 1,383 25,533 17,283 Other investment funds 99,890 13,618 — — 99,890 13,618 Equity securities 29,642 11,971 — — 29,642 11,971 Total $ 175,391 $ 41,976 $ 803 $ 1,923 $ 176,194 $ 43,899 Less than 12 months 12 months or more Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 90 $ 1 $ 397 $ 64 $ 487 $ 65 Corporate debt securities 198 29 424 104 622 133 Total fixed maturities 288 30 821 168 1,109 198 Mutual funds—debt securities 241 6 — — 241 6 Mutual funds—equity securities — — — — — — Other investment funds 54,782 2,953 — — 54,782 2,953 Equity securities 3 4 — — 3 4 Other invested assets — — — — — — Total $ 55,314 $ 2,993 $ 821 $ 168 $ 56,135 $ 3,161 For all securities in an unrealized loss position, the Company evaluated the severity of the impairment and length of time that a security has been in a loss position and concluded the decline in fair value below the asset’s cost was temporary in nature. In addition, the Company is not aware of any circumstances that would prevent the future market value recovery for these securities. Other-Than-Temporary Impairment of Trust Assets The Company assesses its merchandise trust assets for other-than-temporary declines in fair value on a quarterly basis. During the six months ended June 30, 2020, the Company determined, based on its review, that there were 2 securities with an aggregate cost basis of approximately $16.8 million and an aggregate fair value of approximately $15.1 million, resulting in an impairment of $1.7 million, with such impairment considered to be other than temporary due to credit indicators. During the six months ended June 30, 2019, resulting in an impairment of $2.3 million, with such impairment considered to be other-than-temporary due to credit indicators. Accordingly, the Company adjusted the cost basis of these assets to their current value and offset these changes against deferred merchandise trust revenue.

PERPETUAL CARE TRUSTS

PERPETUAL CARE TRUSTS	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
PERPETUAL CARE TRUSTS	8 . PERPETUAL CARE TRUSTS At June 30, 2020 and December 31, 2019, the Company’s perpetual care trusts consisted of investments in debt and equity marketable securities and cash equivalents, both directly as well as through mutual and investment funds. All of these investments are carried at fair value Fair Value of Financial Instruments A reconciliation of the Company’s perpetual care trust activities for the six months ended June 30, 2020 and 2019 is presented below (in thousands): Six months ended June 30, 2020 2019 Balance—beginning of period $ 343,619 $ 330,562 Contributions 3,616 3,668 Distributions (27,765 ) (12,461 ) Interest and dividends 11,279 10,480 Capital gain distributions 318 250 Realized gains and losses, net (831 ) 1,019 Other than temporary impairment (930 ) (713 ) Taxes (86 ) (555 ) Fees (912 ) (1,574 ) Unrealized change in fair value (23,454 ) 12,632 Total 304,854 343,308 Less: Assets held for sale (6,633 ) — Balance—end of period $ 298,221 $ 343,308 During the six months ended June 30, 2020 and 2019, purchases of available for sale securities were approximately $9.3 million and $37.2 million, respectively. During the six months ended June 30, 2020 and 2019, sales, maturities and paydowns of available for sale securities were approximately $22.0 million and $25.9 million, respectively. Cash flows from perpetual care trust related contracts are presented as operating cash flows in Company’s unaudited condensed consolidated statements of cash flows. The cost and market value associated with the assets held in the perpetual care trusts as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 14,279 $ — $ — $ 14,279 Fixed maturities: U.S. governmental securities 2 1,017 70 (50 ) 1,037 Corporate debt securities 2 3,213 213 (137 ) 3,289 Other debt securities 2 1,071 125 — 1,196 Total fixed maturities 5,301 408 (187 ) 5,522 Mutual funds—debt securities 1 17,018 231 (568 ) 16,681 Mutual funds—equity securities 1 16,617 1,500 (4,368 ) 13,749 Other investment funds (1) 230,150 14,067 (14,000 ) 230,217 Equity securities 1 35,794 293 (11,698 ) 24,389 Other invested assets 2 16 1 — 17 Total investments $ 319,175 $ 16,500 $ (30,821 ) $ 304,854 Less: Assets held for sale (7,923 ) — 1,290 (6,633 ) Total $ 311,252 $ 16,500 $ (29,531 ) $ 298,221 (1) Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have a redemption period ranging from 1 to 30 days, and private credit funds, which have lockup periods ranging from zero to six years with three potential one year extensions at the discretion of the funds’ general partners. As of June 30, 2020 there were $53.1 million in unfunded investment commitments to the private credit funds, which are callable at any time. December 31, 2019 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 50,358 $ — $ — $ 50,358 Fixed maturities: U.S. governmental securities 2 1,069 32 (52 ) 1,049 Corporate debt securities 2 2,020 22 (142 ) 1,900 Total fixed maturities 3,089 54 (194 ) 2,949 Mutual funds—debt securities 1 49,963 1,439 (38 ) 51,364 Mutual funds—equity securities 1 16,698 1,617 (66 ) 18,249 Other investment funds (1) 186,355 10,526 (5,472 ) 191,409 Equity securities 1 30,423 1,333 (12 ) 31,744 Other invested assets 2 16 — — 16 Total investments $ 336,902 $ 14,969 $ (5,782 ) $ 346,089 Less: Assets held for sale (2,416 ) (54 ) — (2,470 ) Total $ 334,486 $ 14,915 $ (5,782 ) $ 343,619 (1) Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have a redemption period ranging from 1 to 30 days, and private credit funds, which have lockup periods ranging from one to seven years with three potential one year extensions at the discretion of the funds’ general partners. As of December 31, 2019, there were $62.4 million in unfunded investment commitments to the private credit funds, which are callable at any time. The contractual maturities of debt securities as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ 25 $ 286 $ 660 $ 66 Corporate debt securities 402 1,962 925 — Other debt securities 627 569 — — Total fixed maturities $ 1,054 $ 2,817 $ 1,585 $ 66 December 31, 2019 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ 60 $ 192 $ 684 $ 114 Corporate debt securities 294 1,522 84 - Total fixed maturities $ 354 $ 1,714 $ 768 $ 114 Temporary Declines in Fair Value The Company evaluates declines in fair value below cost of each individual asset held in the perpetual care trusts on a quarterly basis. An aging of unrealized losses on the Company’s investments in debt and equity securities within the perpetual care trusts as of June 30, 2020 and December 31, 2019 is presented below (in thousands): Less than 12 months 12 months or more Total June 30, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 122 $ — $ 998 $ 50 $ 1,120 $ 50 Corporate debt securities 411 1 1,836 136 2,247 137 Total fixed maturities 533 1 2,834 186 3,367 187 Mutual funds—debt securities 9,847 423 2 145 9,849 568 Mutual funds—equity securities 7,289 4,164 6 204 7,295 4,368 Other investment funds 106,608 14,000 — — 106,608 14,000 Equity securities 23,552 11,677 10 21 23,562 11,698 Total $ 147,829 $ 30,265 $ 2,852 $ 556 $ 150,681 $ 30,821 Less than 12 months 12 months or more Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 291 $ 4 $ 942 $ 48 $ 1,233 $ 52 Corporate debt securities 463 46 1,887 96 2,350 142 Total fixed maturities 754 50 2,829 144 3,583 194 Mutual funds—debt securities 2,856 38 — — 2,856 38 Mutual funds—equity securities 566 66 — — 566 66 Other investment funds 53,426 5,472 — — 53,426 5,472 Equity securities 121 12 — — 121 12 Total $ 57,723 $ 5,638 $ 2,829 $ 144 $ 60,552 $ 5,782 For all securities in an unrealized loss position, the Company evaluated the severity of the impairment and length of time that a security has been in a loss position and concluded the decline in fair value below the asset’s cost was temporary in nature. In addition, the Company is not aware of any circumstances that would prevent the future market value recovery for these securities. Other-Than-Temporary Impairment of Trust Assets The Company assesses its perpetual care trust assets for other-than-temporary declines in fair value on a quarterly basis. During the six months ended June 30, 2020, Company determined, based on its review, that there were 2 securities with an aggregate cost basis of approximately $9.4 million and an aggregate fair value of approximately $8.5 million, resulting in an impairment of $0.9 million, with such impairment considered to be other than temporary due to credit indicators . During the six months ended June 30, 2019, with an aggregate cost basis of approximately $29.2 million and an aggregate fair value of approximately $28.5 million, resulting in an impairment of $0.7 million, with such impairment considered to be other-than-temporary due to credit indicators. Accordingly, the Company adjusted the cost basis of these assets to their current value with the offset going against the liability for perpetual care trust corpus.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
LONG-TERM DEBT	9 . LONG-TERM DEBT Total debt consisted of the following at the dates indicated (in thousands): June 30, 2020 December 31, 2019 9.875%/11.500% Senior Secured PIK Toggle Notes, due June 2024 $ 338,778 $ 380,619 Insurance and vehicle financing 1,389 574 Less deferred financing costs, net of accumulated amortization (16,838 ) (12,856 ) Total debt 323,329 368,337 Less current maturities (1,291 ) (374 ) Total long-term debt $ 322,038 $ 367,963 Senior Secured Notes On On December 31, 2019, the Company, the subsidiary guarantors party thereto, the Issuers and the Trustee entered into the First Supplemental Indenture (the “First Supplemental Indenture”), on January 30, 2020, the Company, LP Sub, the Issuers and the Trustee entered into the Second Supplemental Indenture (the “Second Supplemental Indenture”) and on April 1, 2020, the Issuers and the Trustee entered into the Third Supplemental Indenture (the “Third Supplemental Indenture” and, collectively with the Original Indenture, the First Supplemental Indenture and the Second Supplemental Indenture, the “Indenture”). Pursuant to the terms of the Indenture, the Initial Purchasers purchased Senior Secured Notes in the aggregate principal amount of $385.0 million in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 4(a)(2) thereof. The gross proceeds from the sale of the Senior Secured Notes was $371.5 million, less advisor fees (including a placement agent fee of approximately $7.0 million), legal fees, mortgage costs and other closing expenses, as well as cash funds for collateralization of existing letters of credit and credit card needs under the former credit facility. The Issuers can elect to pay interest at either a fixed rate of 9.875% per annum in cash or, at their option through January 30, 2022, a fixed rate of 7.50% per annum in cash plus a fixed rate of 4.00% per annum payable in kind by increasing the principal amount of the Senior Secured Notes or by issuing additional Senior Secured Notes. The Senior Secured Notes will require cash interest payments at 9.875% for all interest periods after January 30, 2022. The Company has the right and expects to pay quarterly interest at a fixed rate of 7.50% per annum in cash plus a fixed rate of 4.00% per annum payable in kind through January 30, 2022 . The Senior Secured Notes are senior secured obligations of the Issuers. The Issuers’ joint and several obligations under the Senior Secured Notes and the Indenture are jointly and severally guaranteed (the “Note Guarantees”) by the Company and each subsidiary of the Company (other than the Issuers except at to each other’s obligations under the Senior Secured Notes) that the Company has caused or will cause to become a Guarantor pursuant to the terms of the Indenture. In addition, the Issuers, the Guarantors and the Collateral Agent entered into a Collateral Agreement (the “Collateral Agreement”). Pursuant to the Indenture and the Collateral Agreement, the Issuers’ obligations under the Indenture and the Senior Secured Notes and the Guarantors’ Note Guarantees are secured by a first priority lien and security interest (subject to permitted liens and security interests) in substantially all of the assets of the Issuers and the Guarantors (other than the Company), whether now owned or hereafter acquired, excluding certain assets which include, among others: (a) trust and other fiduciary accounts and amounts required to be deposited or held therein and (b) unless encumbered by a mortgage existing on the date of the Indenture, owned and leased real property that (i) may not be pledged as a matter of law or without governmental approvals, (ii) is not operated or intended to be operated as a cemetery, crematory or funeral home or (iii) is the subject of specified immaterial leases. The Issuers may redeem the Senior Secured Notes at their option, in whole or in part, at any time for a redemption price equal to the principal balance thereof, accrued and unpaid interest thereon and, if applicable, a premium (the “Applicable Premium”) calculated as follows: • If redeemed before June 27, 2021, the sum of 4% of the principal amount so redeemed plus the excess of (i) the interest that would have accrued on the principal amount of the redeemed Senior Secured Notes from the redemption date through June 27, 2021 assuming an interest rate of 11.500% per annum over (ii) the interest that would have accrued on the principal amount of the redeemed Senior Secured Notes from the redemption date through June 27, 2021 at an interest rate equal to the then-applicable rate on United States Treasury securities for the period most nearly equaling that time period plus 0.50%; • If redeemed on or after June 27, 2021 and before June 27, 2022, 5% of the principal amount so redeemed; • If redeemed on or after June 27, 2022 and before June 27, 2023, 3% of the principal amount so redeemed; and • If redeemed on or after June 27, 2023, no premium will be payable. The Issuers are obligated to redeem the Senior Secured Notes with the net cash proceeds of certain dispositions described in the Indenture, tax refunds, insurance or condemnation proceeds and certain other extraordinary receipts. The redemption price for such redemptions is the principal balance of the Senior Secured Notes being redeemed, all accrued and unpaid interest thereon plus, with respect to redemptions from asset dispositions with net proceeds in excess of $55.0 million, an Applicable Premium of 2% of the principal amount so redeemed. As of June 30, 2020, the Issuers had redeemed approximately $51.7 million of the Senior Secured Notes with the net cash proceeds from dispositions. The Issuers are also obligated to use 75% of any Excess Cash Flow, less any amount paid in any voluntary redemption of the Senior Secured Notes during the applicable period or subsequent thereto and prior to the applicable redemption date, to redeem the Senior Secured Notes at a redemption price equal to the principal balance thereof and all accrued and unpaid interest thereon. All interest payable in connection with the redemption of any the Senior Secured Notes is payable in cash. The Indenture requires the Issuers and the Guarantors, as applicable, to comply with various affirmative covenants regarding, among other matters, delivery to the Trustee of financial statements and certain other information or reports filed with the SEC and the maintenance and investment of trust funds and trust accounts into which certain sales proceeds are required by law to be deposited. The Indenture includes financial covenants pursuant to which the Issuers will not permit: • the Minimum Operating Cash Flow Amount to be less than $(35.0) million at June 30, 2020 and September 30, 2020; • the ratio of the sum of the Operating Cash Flow Amount plus Cash Interest Expense to Cash Interest Expense, or the Consolidated Interest Coverage Ratio, for the twelve months ending as of each date set forth below to be less than: December 31, 2020 0.00x March 31, 2021 0.75x June 30, 2021 1.10x September 30, 2021 1.35x December 31, 2021 1.45x March 31, 2022 and each quarter end thereafter 1.50x • the aggregate amount of Capital Expenditures for the prior four fiscal quarters as of the last day of any fiscal quarter beginning with the fiscal quarter ended September 30, 2019 to be more than $20.0 million; • the average daily balance of Unrestricted Cash and unrestricted Permitted Investments of the Company and its subsidiaries as of the end of any day for any 10-business day period to be less than $12.5 million during the quarter ended March 31, 2020 and any subsequent quarter through maturity; or • the ratio of the (a) the sum of Unrestricted Cash, accounts receivable and merchandise trust account balances to (b) the aggregate principal or face amount of Consolidated Funded Indebtedness, or Asset Coverage Test, for the applicable measurement period as of the last day of June 30, September 30 and December 31, 2020 to be less than 1.40:1.00, and for any subsequent quarter through maturity to be less than 1.60:1.00. The Indenture requires the Issuers and the Guarantors, as applicable, to comply with certain other covenants including, but not limited to, covenants that, subject to certain exceptions, limit the Issuers’ and the Guarantors’ ability to: (i) incur additional indebtedness; (ii) grant liens; (iii) engage in certain sale/leaseback, merger, consolidation or asset sale transactions; (iv) make certain investments; (v) pay dividends or make distributions; (vi) engage in affiliate transactions and (vii) amend its organizational documents. The Indenture provides for certain events of default, the occurrence and continuation of which could, subject to certain conditions, cause all amounts owing under the Senior Secured Notes to become due and payable, including but not limited to the following: • failure by the Issuers to pay any interest on any Senior Secured Note when it becomes due and payable that remains uncured for five business days; • failure by the Issuers to pay the principal on any of the Senior Secured Notes when it becomes due and payable, whether at the due date thereof, at a date fixed for redemption, by acceleration or otherwise; • failure by the Issuers to comply with the agreement and covenants relating to maintenance of its legal existence, providing notice of any default or event of default or use of proceeds from the sale of the Senior Secured Notes or any of the negative covenants in the Indenture; • failure by the Issuers to comply with any other agreement or covenant contained in the Indenture, the Collateral Agreement or any other Note Document that remains uncured for a period of 15 days after the earlier of written notice and request for cure from the Trustee or holders of at least 25% of the aggregate principal amount of the Senior Secured Notes; • the acceleration of or the failure to pay at final maturity indebtedness (other than the Senior Secured Notes) in a principal amount exceeding $5.0 million; • the occurrence of a Change in Control; • certain bankruptcy or insolvency proceedings involving an Issuer or any subsidiary; and • failure by the Company or any subsidiary to maintain one or more licenses, permits or similar approvals for the conduct of its business where the sum of the revenue associated therewith represents the lesser of (i) 15% of the Company and its subsidiaries’ consolidated revenue and (ii) $30.0 million, and such breach is not cured within 30 days. At the option of holders holding a majority of the outstanding principal amount of the Senior Secured Notes (and automatically upon any default for failure to pay principal of the Senior Secured Notes when due and payable or certain bankruptcy or insolvency proceedings involving an Issuer), the interest rate on the Senior Secured Notes will increase to 13.50% per annum, payable in cash. As of June 30, 2020, the Company was in compliance with the covenants of the Indenture. Deferred Financing Costs In connection with the Third Supplemental Indenture, the Company paid a consent fee of $5.0 million, consisting of a cash payment of $3.5 million and $1.5 million paid in kind, that was recorded as deferred financing fees, which have been deferred and are being amortized over the life of the Senior Secured Notes, using the effective interest method. For the three months ended June 30, 2020 and 2019, the Company recognized $1.0 million and $2.0 million, respectively, of amortization of deferred financing fees on its various debt facilities. For the six months ended June 30, 2020 and 2019, the Company recognized $1.8 million and $3.4 million, respectively, of amortization of deferred financing fees on its various debt facilities. During the three and six months ended June 30, 2019, the Company wrote-off unamortized deferred financing fees of $6.9 million, which is presented in loss on debt extinguishment in the accompanying unaudited condensed consolidated statement of operations, in connection with the retirement of its prior revolving credit facilities and its Senior Notes.

OWNERS' EQUITY

OWNERS' EQUITY	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
OWNERS' EQUITY	10 . OWNERS’ EQUITY Capital Stock Effective as of the C-Corporation Conversion, the Company was authorized to issue two classes of capital stock: common stock, $0.01 par value per share (“Common Stock”) and preferred stock, $0.01 par value per share (“Preferred Stock”). At June 30, 2020, 117,794,520 shares of Common Stock were issued and outstanding and no shares of Preferred Stock were issued or outstanding. At June 30, 2020, there were 82,205,480 shares of Common Stock available for issuance, including 2,472,179 shares available for issuance as stock-based incentive compensation under the Company’s long-term incentive plan (the “Plan”), and 10,000,000 shares of Preferred Stock available for issuance. On May 5, 2020, the Company’s Board approved the second amendment (the “Amendment”) to the Plan, which increased the number of shares of the Company’s common stock reserved for delivery under the Plan by 1,375,000 shares, provided that such additional shares may not be delivered pursuant to awards under the Plan unless and until the increase is approved by the stockholders of the Company, and any awards under the Plan with respect to such additional shares will be expressly conditioned upon receipt of such approval. The Company plans to submit the Plan, as so amended, to its stockholders for their approval at the 2020 annual meeting of stockholders. Stock-based Compensation The Plan permits the granting of awards covering a total of 9,875,000 common units of the Company. A “unit” under the Plan is defined as a common unit of the Company and such other securities as may be substituted or resubstituted for common units of the Company, including but not limited to shares of the Company’s common stock. The Plan is intended to promote the interests of the Company by providing to employees, consultants and directors of the Company incentive compensation awards to encourage superior performance and enhance the Company’s ability to attract and retain the services of individuals who are essential for its growth and profitability and to encourage them to devote their best efforts to advancing the Company’s business. Non-qualified Stock Options On December 18, 2019, the Compensation Committee approved the granting of options to employees of the Company, including certain members of senior management, to purchase an aggregate of 5.5 million common shares at an exercise price of $1.20 per share. The option awards vest in three equal annual installments on each December 18 (or first business day thereafter) commencing on December 18, 2020, provided that the recipient remains employed by the Company. The Company measured the option awards at their grant-date fair value utilizing the Black-Scholes model and will recognize stock compensation expense on a straight-line basis over the weighted-average service period, which is expected to be three years. The option awards expire no later than 10 years from the date of grant. A rollforward of stock options as of June 30, 2020 is as follows: Number of Stock Options Weighted Average Grant Date Fair Value Weighted Average Exercise Price Total outstanding at December 31, 2019 5,500,000 $ 0.34 $ 1.20 Options granted — — — Options exercisable — — — Options exercised — — — Options forfeited (225,000 ) 0.34 1.20 Options expired — — — Total outstanding at June 30, 2020 5,275,000 $ 0.34 $ 1.20 For the three and six months ended June 30, 2020, non-cash stock compensation expense related to stock options was $ 0.1 0.3 was $1.5 million 2.5 years Assumptions used in calculating the fair value of the stock options granted are summarized below: 2019 Options Granted Valuation assumptions: Expected dividend yield None Expected volatility 23.41 % Expected term (years) 6.0 Risk-free interest rate 1.78 % Weighted average: Exercise price per stock option $ 1.20 Market price per share $ 1.23 Weighted average fair value per stock option $ 0.34 Phantom Unit and Restricted Unit Awards A rollforward of phantom unit and restricted unit awards as of June 30, 2020 is as follows: Number of Phantom Unit and Restricted Unit Awards Weighted Average Grant Date Fair Value Total non-vested at December 31, 2019 559,218 $ 3.67 Units issued 54,881 0.73 Units vested (93,750 ) 3.88 Units forfeited — — Total non-vested at June 30, 2020 520,349 $ 3.32 For the three months ended June 30, 2020 and 2019, the Company recognized $0.2 million and $2.3 million, respectively, of non-cash stock compensation expense related to phantom unit and restricted unit awards into earnings. For the six months ended June 30, 2020 and 2019, the Company recognized $0.4 million and $2.6 million, respectively, of non-cash stock compensation expense related to phantom unit and restricted unit awards into earnings. As of June 30, 2020, total unamortized compensation cost related to unvested restricted stock awards was $1.4 million, which the Company expects to recognize over the remaining weighted-average period of 2 years.

DEFERRED REVENUES AND COSTS

DEFERRED REVENUES AND COSTS	6 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
DEFERRED REVENUES AND COSTS	11 . DEFERRED REVENUES AND COSTS The Company defers revenues and all direct costs associated with the sale of pre-need cemetery merchandise and services until the merchandise is delivered or the services are performed. The Company recognizes deferred merchandise and service revenues as customer contract liabilities within long-term liabilities on its consolidated balance sheets. The Company recognizes deferred direct costs associated with pre-need cemetery merchandise and service revenues as deferred selling and obtaining costs within long-term assets on its consolidated balance sheets. The Company also defers the costs to obtain new pre-need cemetery and new prearranged funeral business as well as the investment earnings on the prearranged services and merchandise trusts. Such costs are recognized when the associated performance obligation is fulfilled based upon the net change in the customer contract liabilities. All other selling costs are expensed as incurred. Additionally, the Company has elected the practical expedient of not recognizing incremental costs to obtain a contract as incurred, as the associated amortization period is typically one year or less. Deferred revenues and related costs consisted of the following (in thousands): June 30, 2020 December 31, 2019 Deferred contract revenues $ 829,390 $ 837,190 Deferred merchandise trust revenue 97,841 104,304 Deferred merchandise trust unrealized gains (losses) (16,361 ) 7,881 Deferred revenues $ 910,870 $ 949,375 Deferred selling and obtaining costs $ 115,401 $ 114,944 For the six months ended June 30, 2020 and 2019, the Company recognized $34.7 million and $41.0 million, respectively, The components of the customer contract liabilities, net in the Company’s consolidated balance sheets at June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 December 31, 2019 Customer contract liabilities, gross $ 934,044 $ 974,927 Amounts due from customers for unfulfilled performance obligations on cancellable pre-need contracts (23,174 ) (25,552 ) Customer contract liabilities, net $ 910,870 $ 949,375 The Company expects to service approximately 55% of its deferred revenue in the first 4-5 years and approximately 80% of its deferred revenue within 18 years. The Company cannot estimate the period when it expects its remaining performance

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES Legal The Partnership remains subject to state law derivative claims that certain of the Partnership’s officers and directors breached their fiduciary duty to the Partnership and its unitholders. The Company could also become subject to additional claims and legal proceedings relating to the factual allegations made in these actions. While management cannot reasonably estimate the potential exposure in these matters at this time, if we do not prevail in any such proceedings, we could be required to pay substantial damages or settlement costs, subject to certain insurance coverages. Management has determined that, based on the status of the claims and legal proceedings against the Company, the amount of the potential losses cannot be reasonably estimated at this time. These actions are summarized below. • Bunim v. Miller, et al., No. 2:17-cv-519-ER, pending in the United States District Court for the Eastern District of Pennsylvania, and filed on February 6, 2017. The plaintiff in this case brought, derivatively on behalf of the Partnership, claims that the officers and directors of StoneMor GP aided and abetted in breaches of StoneMor GP’s purported fiduciary duties by, among other things and in general, allegedly making misrepresentations through the use of non-GAAP accounting standards in the Partnership’s public filings, by allegedly failing to clearly disclose the use of proceeds from debt and equity offerings, and by allegedly approving unsustainable distributions. The plaintiff also claims that these actions and misrepresentations give rise to causes of action for gross mismanagement, unjust enrichment, and (in connection with a purportedly misleading proxy statement filed in 2014) violations of Section 14(a) of the Securities Exchange Act of 1934. The derivative plaintiff seeks an award of damages, attorneys’ fees and costs in favor of the Partnership as nominal plaintiff, as well as general compliance and governance changes. This case has been stayed, by the agreement of the parties, provided that either party may terminate the stay on 30 days’ notice. • Muth v. StoneMor G.P. LLC, et al., December Term, 2016, No. 1196 and Binder v. StoneMor G.P. LLC, et al., January Term, 2017, No. 4872, both pending in the Court of Common Pleas for Philadelphia County, Pennsylvania, and filed on December 20, 2016 and February 3, 2017, respectively. In these cases, the plaintiffs brought, derivatively on behalf of the Partnership, claims that the officers and directors of StoneMor GP aided and abetted in breaches of the StoneMor GP’s purported fiduciary duties by, among other things and in general, allegedly making misrepresentations through the use of non-GAAP accounting standards in the Partnership’s public filings and by failing to clearly disclose the use of proceeds from debt and equity offerings, as well as approving unsustainable distributions. The plaintiffs also claim that these actions and misrepresentations give rise to a cause of action for unjust enrichment. The derivative plaintiffs seek an award of damages, attorneys’ fees and costs in favor of the Partnership as nominal plaintiff, as well as alterations to the procedures for electing members to the board of the Partnership’s general partner, and other compliance and governance changes. These cases have been consolidated and stayed, by the agreement of the parties, pending final resolution of the motion to dismiss filed in a separate case, which has now been dismissed. In February 2020, the court dismissed these cases for failure to prosecute, and the plaintiffs did not petition the court to restore the cases within the period during which they could do so by right. The Company is party to other legal proceedings in the ordinary course of its business, but does not expect the outcome of any proceedings, individually or in the aggregate, to have a material adverse effect on its financial position, results of operations or cash flows. The Company carries insurance with coverage and coverage limits that it believes to be customary in the cemetery and funeral home industry. Although there can be no assurance that such insurance will be sufficient to protect the Company against all contingencies, Management believes that the insurance protection is reasonable in view of the nature and scope of the Company’s operations. Other In connection with the Company’s 2014 lease and management agreements with the Archdiocese of Philadelphia, it has committed to pay aggregate fixed rent of $36.0 million in the following amounts: Lease Years 1-5 (May 28, 2014-May 31, 2019) None Lease Years 6-20 (June 1, 2019-May 31, 2034) $1,000,000 per Lease Year Lease Years 21-25 (June 1, 2034-May 31, 2039) $1,200,000 per Lease Year Lease Years 26-35 (June 1, 2039-May 31, 2049) $1,500,000 per Lease Year Lease Years 36-60 (June 1, 2049-May 31, 2074) None The fixed rent for lease years six through 11, an aggregate of $6.0 million, is deferred. If prior to May 31, 2025, the Archdiocese terminates the agreements in accordance with their terms during lease year 11 or the Company terminates the agreements as a result of a default by the Archdiocese, the Company is entitled to retain the deferred fixed rent. If the agreements are not terminated, the deferred fixed rent will become due and payable on or before June 30, 2025.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
LEASES	13 . LEASES The Company leases a variety of assets throughout its organization, such as office space, funeral homes, warehouses and equipment. In addition the Company has a sale-leaseback related to one of its warehouses. Leases with an initial term of 12 months or less are not recorded on the Company’s consolidated balance sheets, and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. For lease agreements with an initial term of more than 12 months, the Company measures the lease liability at the present value of the sum of the remaining minimum rental payments, which exclude executory costs Certain leases provide the Company with the option to renew for additional periods , with renewal terms that can extend the lease term for periods ranging from 1 to years Certain of the Company’s leases have variable payments with annual escalations based on the proportion by which the consumer price index (“CPI”) for all urban consumers increased over the CPI index for the prior comparative year. The Company has the following balances recorded on its consolidated balance sheets related to leases: June 30, 2020 December 31, 2019 Operating $ 8,289 $ 10,570 Finance 4,873 5,685 Total ROU assets (1) $ 13,162 $ 16,255 Liabilities: Current Operating $ 1,821 $ 2,022 Finance 1,215 1,200 Long-term Operating 9,257 11,495 Finance 3,551 4,302 Total lease liabilities (2) $ 15,844 $ 19,019 (1) (2) The Company’s current lease liabilities and long-term are presented within Accounts payable and accrued liabilities and Other long-term liabilities, respectively, in its consolidated balance sheets. As most of the Company Company Company . The weighted average borrowing rates for operating and finance leases were 10.0% and 8.5%, respectively, as of . The components of lease expense were as follows: Six months ended June 30, 2020 2019 Lease cost Classification Operating lease costs (1) General and administrative expense $ 1,597 $ 1,831 Finance lease costs Amortization of leased assets Depreciation and Amortization 606 640 Interest on lease liabilities Interest expense 225 238 Variable lease costs General and administrative expense — — Short-term lease costs (2) General and administrative expense — — Net lease costs $ 2,428 $ 2,709 (1) The Company includes its variable lease costs under operating lease costs as these variable lease costs are immaterial. (2) The Company does not have any short-term leases with lease terms greater than one month. Maturities of the Company’s lease labilities as of June 30, 2020 were as follows: Year ending December 31, Operating Finance 2020 $ 1,474 $ 828 2021 2,559 1,828 2022 2,144 2,010 2023 1,868 702 2024 1,728 99 Thereafter 5,729 — Total $ 15,502 $ 5,467 Less: Interest (4,424 ) (701 ) Present value of lease liabilities $ 11,078 $ 4,766 Maturities of the Company’s lease labilities as of December 31, 2019 were as follows: Year ending December 31, Operating Finance 2019 $ 3,283 $ 1,759 2020 2,783 1,838 2021 2,455 2,026 2022 2,190 708 2023 2,046 106 Thereafter 6,348 — Total $ 19,105 $ 6,437 Less: Interest (5,588 ) (935 ) Present value of lease liabilities $ 13,517 $ 5,502 Operating and finance lease payments include $2.1 million related to options to extend lease terms that are reasonably certain of being exercised and $1.9 million related to residual value guarantees. The weighted average remaining lease term for operating and finance leases was 6.8 years and 2.4 years, respectively, as of June 30, 2020 As of June 30, 2020, the Company had no additional operating leases that had not yet commenced, and did not have any lease transactions with its related parties. In addition, as of June 30, 2020, the Company had not entered into any new sale-leaseback arrangements.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	14 . FAIR VALUE OF FINANCIAL INSTRUMENTS Management has established a hierarchy to classify the inputs used to measure the Company’s financial instruments at fair value, pursuant to which the Company is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs represent market data obtained from independent sources; whereas, unobservable inputs reflect the Company’s own market assumptions, which are used if observable inputs are not reasonably available without undue cost and effort. The hierarchy defines three levels of inputs that may be used to measure fair value: • Level 1 – Unadjusted quoted market prices in active markets for identical, unrestricted assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the same contractual term of the asset or liability. • Level 3 – Unobservable inputs based on the entity’s own assumptions about the assumptions market participants would use in the pricing of the asset or liability and are consequently not based on market activity but rather through particular valuation techniques. The carrying value of the Company’s current assets and current liabilities on its consolidated balance sheets approximated or equaled their estimated fair values due to their short-term nature or imputed interest rates. Recurring Fair Value Measurement At June 30, 2020 and December 31, 2019, the two financial instruments measured by the Company at fair value on a recurring basis were its merchandise and perpetual care trusts, which consist of investments in debt and equity marketable securities and cash equivalents that are carried at fair value and are classified as either Level 1 or Level 2 (see Note 7 Merchandise Trusts Perpetual Care Trusts Where quoted prices are available in an active market, securities are classified as Level 1 investments pursuant to the fair value measurement hierarchy. Where quoted market prices are not available for the specific security, fair values are estimated by using either quoted prices of securities with similar characteristics or an income approach fair value model with observable inputs that include a combination of interest rates, yield curves, credit risks, prepayment speeds, rating, and tax-exempt status. These securities are classified as Level 2 investments pursuant to the fair value measurements hierarchy. Certain investments in the merchandise and perpetual care trusts are excluded from the fair value leveling hierarchy in accordance with GAAP. These funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. Non-Recurring Fair Value Measurement The Company may be required to measure certain assets and liabilities at fair value, such as its indefinite-lived assets and long-lived assets, on a nonrecurring basis in accordance with GAAP from time to time. These adjustments to fair value usually result from impairment charges. Other Financial Instruments The Company’s other financial instruments at June 30, 2020 and December 31, 2019 consisted of its Senior Secured Notes (see Note 9 Long-Term Debt

SUPPLEMENTAL CONDENSED CONSOLID

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION	1 5 . SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION The Senior Secured Notes are guaranteed by the Company and its 100% owned subsidiaries, other than the co-issuers (except as to each other’s obligations thereunder), as described in Note 9 Long-Term Debt In accordance with the disclosures made in Note 1 General , StoneMor Inc. is the “Parent” for ” for The financial information presented below reflects the Company’s standalone accounts, the standalone accounts of the co-issuers, the combined accounts of the guarantor subsidiaries, the combined accounts of the non-guarantor subsidiaries, the consolidating adjustments and eliminations and the Company’s consolidated accounts as of June 30, 2020 and December 31, 2019 and for the three and six months ended June 30, 2020 and 2019. For the purpose of the following financial information, the Company’s investments in its subsidiaries and the guarantor subsidiaries’ investments in their respective subsidiaries are presented in accordance with the equity method of accounting (in thousands): UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS June 30, 2020 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents, excluding restricted cash $ — $ — $ — $ 39,747 $ 3,115 $ — $ 42,862 Restricted cash — — — 20,698 — — 20,698 Assets held for sale — — — 31,751 — — 31,751 Other current assets — — 3,562 58,501 12,407 — 74,470 Total current assets — — 3,562 150,697 15,522 — 169,781 Long-term accounts receivable — — 2,365 60,158 10,583 — 73,106 Cemetery and funeral home property and equipment — — 529 362,525 32,340 — 395,394 Merchandise trusts — — — — 472,500 — 472,500 Perpetual care trusts — — — — 298,221 — 298,221 Deferred selling and obtaining costs — — 5,785 91,102 18,514 — 115,401 Intangible assets — — — 73 55,579 — 55,652 Other assets — — — 23,340 2,655 — 25,995 Investments in and amounts due from affiliates eliminated upon consolidation — 263,960 — 610,236 — (874,196 ) — Total assets $ — $ 263,960 $ 12,241 $ 1,298,131 $ 905,914 $ (874,196 ) $ 1,606,050 Liabilities and Owners' Equity Current liabilities — — 205 73,563 1,532 — 75,300 Long-term debt, net of deferred financing costs — 263,960 55,981 2,097 — — 322,038 Deferred revenues — — 33,092 763,409 114,369 — 910,870 Perpetual care trust corpus — — — — 298,221 — 298,221 Other long-term liabilities — — — 62,590 16,740 — 79,330 Investments in and amounts due to affiliates eliminated upon consolidation 79,709 79,709 170,019 319,941 526,515 (1,175,893 ) — Total liabilities 79,709 343,669 259,297 1,221,600 957,377 (1,175,893 ) 1,685,759 Owners' equity (79,709 ) (79,709 ) (247,056 ) 76,531 (51,463 ) 301,697 (79,709 ) Total liabilities and owners' equity $ — $ 263,960 $ 12,241 $ 1,298,131 $ 905,914 $ (874,196 ) $ 1,606,050 UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS (Continued) December 31, 2019 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents, excluding restricted cash $ — $ — $ — $ 33,553 $ 1,314 $ — $ 34,867 Restricted cash — — — 21,900 — — 21,900 Assets held for sale — — — 23,858 — — 23,858 Other current assets — — 3,497 62,686 11,531 — 77,714 Total current assets — — 3,497 141,997 12,845 — 158,339 Long-term accounts receivable — — 2,557 63,124 9,868 — 75,549 Cemetery and funeral home property and equipment — — 609 391,626 31,770 — 424,005 Merchandise trusts — — — — 517,192 — 517,192 Perpetual care trusts — — — — 343,619 — 343,619 Deferred selling and obtaining costs — — 5,654 91,243 18,047 — 114,944 Intangible assets — — — 136 56,110 — 56,246 Other assets — — — 26,907 2,567 — 29,474 Investments in and amounts due from affiliates eliminated upon consolidation — 301,531 — 648,359 — (949,890 ) — Total assets $ — $ 301,531 $ 12,317 $ 1,363,392 $ 992,018 $ (949,890 ) $ 1,719,368 Liabilities and Owners' Equity Current liabilities $ — $ — $ 161 $ 74,674 $ 1,466 $ — $ 76,301 Long-term debt, net of deferred financing costs — 301,531 66,239 193 — — 367,963 Deferred revenues — — 33,349 802,528 113,498 — 949,375 Perpetual care trust corpus — — — — 343,619 — 343,619 Liabilities held for sale, net of current portion Other long-term liabilities — — — 68,227 16,373 — 84,600 Investments in and amounts due to affiliates eliminated upon consolidation 102,490 102,490 183,611 367,770 567,666 (1,324,027 ) — Total liabilities 102,490 404,021 283,360 1,313,392 1,042,622 (1,324,027 ) 1,821,858 Owners' equity (102,490 ) (102,490 ) (271,043 ) 50,000 (50,604 ) 374,137 (102,490 ) Total liabilities and owners' equity $ — $ 301,531 $ 12,317 $ 1,363,392 $ 992,018 $ (949,890 ) $ 1,719,368 UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2020 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Total revenues $ — $ — $ 1,197 $ 58,703 $ 13,605 $ (2,798 ) $ 70,707 Total costs and expenses — — (3,803 ) (57,161 ) (12,717 ) 2,798 (70,883 ) Gain on sale of businesses — — — 7,034 — — 7,034 Other losses — — — (2,169 ) — — (2,169 ) Net (loss) income from equity investment in subsidiaries (3,914 ) 4,273 (3,398 ) — — 3,039 — Interest expense — (8,187 ) (1,798 ) (1,814 ) (296 ) — (12,095 ) (Loss) income from operations before income taxes (3,914 ) (3,914 ) (7,802 ) 4,593 592 3,039 (7,406 ) Income tax benefit — — — 3,492 — — 3,492 Net (loss) income $ (3,914 ) $ (3,914 ) $ (7,802 ) $ 8,085 $ 592 $ 3,039 $ (3,914 ) Three Months Ended June 30, 2019 Parent Subsidiary Issuer Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Total revenues $ — $ 1,439 $ 65,749 $ 13,068 $ (1,761 ) $ 78,495 Total costs and expenses — (4,038 ) (66,980 ) (15,997 ) 1,761 (85,254 ) Other losses — — (1,346 ) (2,083 ) — Net loss from equity investment in subsidiaries (30,577 ) (22,358 ) — — 52,935 — Interest expense (2,883 ) (3,822 ) (2,369 ) (272 ) — (9,346 ) Loss on debt extinguishment (938 ) (1,441 ) (6,099 ) — — (8,478 ) Loss from operations before income taxes (34,398 ) (30,220 ) (11,045 ) (5,284 ) 52,935 (28,012 ) Income tax expense — — (6,386 ) — — (6,386 ) Net loss $ (34,398 ) $ (30,220 ) $ (17,431 ) $ (5,284 ) $ 52,935 $ (34,398 ) Six Months Ended June 30, 2020 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Total revenues $ — $ — $ 2,391 $ 118,401 $ 26,674 $ (5,514 ) $ 141,952 Total costs and expenses — — (6,972 ) (116,145 ) (26,036 ) 5,514 (143,639 ) Gain on sale of businesses — — — 31,120 — — 31,120 Other losses — — — (2,169 ) — — (2,169 ) Net income from equity investment in subsidiaries 5,089 21,974 9,187 — — (36,250 ) — Interest expense — (16,885 ) (3,709 ) (3,196 ) (589 ) — (24,379 ) Income from operations before income taxes 5,089 5,089 897 28,011 49 (36,250 ) 2,885 Income tax benefit — — — 2,204 — — 2,204 Net income $ 5,089 $ 5,089 $ 897 $ 30,215 $ 49 $ (36,250 ) $ 5,089 Six Months Ended June 30, 2019 Parent Subsidiary Issuer Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Total revenues $ — $ 3,003 $ 125,501 $ 24,200 $ (2,740 ) $ 149,964 Total costs and expenses — (8,558 ) (132,915 ) (27,353 ) 2,740 (166,086 ) Other losses — — (1,346 ) (2,083 ) — (3,429 ) Net loss from equity investment in subsidiaries (51,753 ) (41,283 ) — — 93,036 — Interest expense (4,241 ) (5,909 ) (11,825 ) (542 ) — (22,517 ) Loss on debt extinguishment (938 ) (1,441 ) (6,099 ) — — (8,478 ) Loss from operations before income taxes (56,932 ) (54,188 ) (26,684 ) (5,778 ) 93,036 (50,546 ) Income tax expense — — (6,386 ) — — (6,386 ) Net loss $ (56,932 ) $ (54,188 ) $ (33,070 ) $ (5,778 ) $ 93,036 $ (56,932 ) UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2020 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ — $ — $ 33 $ 18,309 $ 3,453 $ (20,594 ) $ 1,201 Cash Flows From Investing Activities: Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales — — (8 ) 46,039 (1,486 ) — 44,545 Payments to affiliates (17,000 ) — — — — 17,000 — Net cash provided by investing activities (17,000 ) — (8 ) 46,039 (1,486 ) 17,000 44,545 Cash Flows From Financing Activities: Proceeds from issuance of Series A Preferred Stock 8,800 — — — — — 8,800 Proceeds from issuance of Common Stock 8,200 — — — — — 8,200 Payments from affiliates — — — (3,594 ) — 3,594 — Net borrowings and repayments of debt — — (25 ) (51,491 ) (166 ) — (51,682 ) Other financing activities — — — (4,271 ) — — (4,271 ) Net cash used in financing activities 17,000 — (25 ) (59,356 ) (166 ) 3,594 (38,953 ) Net increase in cash and cash equivalents and restricted cash — — — 4,992 1,801 — 6,793 Cash and cash equivalents and restricted cash—Beginning of period — — — 55,453 1,314 — 56,767 Cash and cash equivalents and restricted cash—End of period $ — $ — $ — $ 60,445 $ 3,115 $ — $ 63,560 Six Months Ended June 30, 2019 Parent Subsidiary Issuer Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net cash used in (provided by) operating activities $ — $ 197 $ (21,647 ) $ 28 $ (10,150 ) $ (31,572 ) Cash Flows From Investing Activities: Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales — (173 ) (3,216 ) (199 ) — (3,588 ) Payments to affiliates (57,500 ) — — — 57,500 — Net cash used investing activities (57,500 ) (173 ) (3,216 ) (199 ) 57,500 (3,588 ) Cash Flows From Financing Activities: Payments from affiliates — — 47,350 — (47,350 ) — Proceeds from issuance of redeemable convertible preferred units, net 57,500 — — — — 57,500 Net borrowings and repayments of debt — (24 ) 39,076 (148 ) — 38,904 Other financing activities — — (17,437 ) — — (17,437 ) Net cash provided (used in) by financing activities 57,500 (24 ) 68,989 (148 ) (47,350 ) 78,967 Net increase (decrease) in cash and cash equivalents and restricted cash — — 44,126 (319 ) — 43,807 Cash and cash equivalents and restricted cash —Beginning of period — — 16,298 1,849 — 18,147 Cash and cash equivalents and restricted cash —End of period $ — $ — $ 60,424 $ 1,530 $ — $ 61,954

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
SEGMENT INFORMATION	1 6 . SEGMENT INFORMATION Management operates the Company in two reportable operating segments: Cemetery Operations and Funeral Home Operations. These operating segments reflect the way the Company manages its operations and makes business decisions. Management evaluates the performance of these operating segments based on interments performed, interment rights sold, pre-need cemetery and at-need cemetery contracts written, revenue and segment profit (loss). As a percentage of revenue and assets, the Company’s major operations consist of its cemetery operations. The following tables present financial information with respect to the Company’s segments (in thousands). Corporate costs represent those not directly associated with an operating segment, such as corporate overhead, interest expense and income taxes. Corporate assets primarily consist of cash and cash equivalents and restricted cash. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 STATEMENT OF OPERATIONS DATA: Cemetery Operations: Revenues $ 58,932 $ 65,628 $ 116,998 $ 123,538 Operating costs and expenses (49,873 ) (58,934 ) (101,011 ) (112,096 ) Depreciation and amortization (1,619 ) (1,920 ) (3,323 ) (3,882 ) Segment operating profit $ 7,440 $ 4,774 $ 12,664 $ 7,560 Funeral Home Operations: Revenues $ 11,775 $ 12,867 $ 24,954 $ 26,426 Operating costs and expenses (9,920 ) (10,467 ) (20,578 ) (21,967 ) Depreciation and amortization (489 ) (598 ) (1,028 ) (1,186 ) Segment operating profit $ 1,366 $ 1,802 $ 3,348 $ 3,273 Reconciliation of segment operating profit to net income (loss): Cemetery Operations 7,440 4,774 $ 12,664 $ 7,560 Funeral Home Operations 1,366 1,802 3,348 3,273 Total segment profit 8,806 6,576 16,012 10,833 Corporate overhead (8,756 ) (13,137 ) (17,257 ) (26,550 ) Corporate depreciation and amortization (226 ) (198 ) (442 ) (405 ) Gain on sale of businesses 7,034 — 31,120 — Other losses (2,169 ) (3,429 ) (2,169 ) (3,429 ) Interest expense (12,095 ) (9,346 ) (24,379 ) (22,517 ) Loss on debt extinguishment — (8,478 ) — (8,478 ) Income tax benefit (expense) 3,492 (6,386 ) 2,204 (6,386 ) Net (loss) income $ (3,914 ) $ (34,398 ) $ 5,089 $ (56,932 ) CASH FLOW DATA: Capital expenditures: Cemetery Operations $ 1,357 $ 2,921 $ 2,545 $ 3,811 Funeral Home Operations 7 6 17 982 Corporate 354 8 1,229 45 Total capital expenditures $ 1,718 $ 2,935 $ 3,791 $ 4,838 June 30, 2020 December 31, 2019 BALANCE SHEET DATA: Assets: Cemetery Operations $ 1,406,081 $ 1,504,463 Funeral Home Operations 132,842 148,310 Corporate 67,127 66,595 Total assets $ 1,606,050 $ 1,719,368 Assets held for sale: Cemetery Operations $ 26,091 $ 20,819 Funeral Home Operations 5,660 3,039 Total assets held for sale $ 31,751 $ 23,858 Disposed assets: Cemetery Operations $ 20,445 $ — Funeral Home Operations 3,032 110 Total disposed assets $ 23,477 $ 110

SUPPLEMENTAL CONSOLIDATED CASH

SUPPLEMENTAL CONSOLIDATED CASH FLOW INFORMATION	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CONSOLIDATED CASH FLOW INFORMATION	17. SUPPLEMENTAL CONSOLIDATED CASH FLOW INFORMATION The tables presented below provide supplemental information to the unaudited condensed consolidated statements of cash flows regarding contract origination and maturity activity included in the pertinent captions on the Company’s unaudited condensed consolidated statements of cash flows (in thousands): Six months ended June 30, 2020 2019 Accounts Receivable Pre-need/at-need contract originations (sales on credit) $ (56,337 ) $ (51,323 ) Cash receipts from sales on credit (post-origination) 48,103 42,712 Changes in accounts receivable, net of allowance $ (8,234 ) $ (8,611 ) Customer Contract Liabilities Deferrals: Cash receipts from customer deposits at origination, net of refunds $ 74,613 $ 72,283 Withdrawals of realized income from merchandise trusts during the period 5,163 4,596 Pre-need/at-need contract originations (sales on credit) 56,337 51,323 Undistributed merchandise trust investment earnings, net (999 ) 7,924 Recognition: Merchandise trust investment income, net withdrawn as of end of period (3,456 ) (4,405 ) Recognized maturities of customer contracts collected as of end of period (97,751 ) (93,466 ) Recognized maturities of customer contracts uncollected as of end of period (14,244 ) (23,129 ) Changes in customer contract liabilities $ 19,663 $ 15,126

RELATED PARTIES

RELATED PARTIES	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
RELATED PARTIES	18. RELATED PARTIES In December 2019, the Company purchased a $30 million participation in a $70 million new debt facility issued by Payless Holdings LLC (“Payless”). Funds and accounts affiliated with Axar also invested $20 million in this facility. The investment was initially proposed by the Company’s Chairman of the Board, Mr. Axelrod, and subsequently approved by the Board. The Axar funds controlled by Mr. Axelrod own approximately 30% of the equity of Payless, and Mr. Axelrod serves on Payless’ board of directors. The Company’s investment in Payless represented approximately 4% of the total fair market value of all of the Company’s trusts as of June 30, 2020 and December, 31, 2019. As of June 30, 2020, Axar beneficially owned 61.8 % of the Company’s outstanding common stock, which constituted a majority of the Company’s outstanding common stock. As a result, the Company is a “controlled company” within the meaning of NYSE corporate governance standards. For discussion of certain risks and uncertainties attributable to the Company being a controlled company, see Part I, Item 1A. Risk Factors of the Company’s Annual Report, and for discussion on the security ownership of certain beneficial owners, directors and executives of the Company, see Part III, Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters of the Annual Report. On April 1, 2020 and April 3, 2020, the Company entered into the Axar Commitment and the 2020 Preferred Purchase Agreement, respectively, with Axar and funds or accounts under its management, respectively. On May 27, 2020, the Company entered into the Common Stock Purchase Agreement with Axar and in June 2020 sold an aggregate of 23,287,672 received the Proposal, dated May 24, 2020, from proposing to acquire all of the outstanding shares of common stock of the Company not owned by Axar or its affiliates. For further details on all of these events, see Note 1 General of this Report.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	19. SUBSEQUENT EVENTS On July 31, 2020, the Company announced that the Special Committee of the board of directors had received an amended proposal (the “Amended Proposal”) from Axar proposing to acquire all of the outstanding shares of common stock of the Company not owned by Axar or its affiliates for $0.80 per share in cash, subject to certain conditions. The key terms of the Amended Proposal were set forth in a letter dated July 28, 2020. The Special Committee and its advisors remain engaged on matters pertaining to the proposed transaction.

GENERAL (Policies)

GENERAL (Policies)	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Operations	Nature of Operations The Company is a provider of funeral and cemetery products and services in the death care industry in the United States. As of June 30, 2020, the Company operated 318 cemeteries in 27 states and Puerto Rico, of which 288 were owned and 30 were operated under lease, management or operating agreements. The Company also owned and operated 87 funeral homes, including 40 located on the grounds of cemetery properties that the Company owned, in 17 states and Puerto Rico. The Company’s cemeteries provide cemetery property interment rights, such as burial lots, lawn and mausoleum crypts, and cremation niches. Cemetery merchandise is comprised of burial vaults, caskets, grave markers and memorials. Cemetery services include the installation of this merchandise and other service items. The Company sells these products and services both at the time of death, which is referred to as at-need, and prior to the time of death, which is referred to as pre-need. The Company’s funeral home services include family consultation, the removal and preparation of remains, insurance products and the use of funeral home facilities for visitation and memorial services.
C-Corporation Conversion	C-Corporation Conversion On December 31, 2019, pursuant to the terms of the Merger Agreement, the Company completed the following series of reorganization transactions (which the Company sometimes refer to collectively as the “C-Corporation Conversion”): • GP Holdings contributed its entire equity interest in the Partnership to StoneMor GP and, in exchange, ultimately received an aggregate of 5,099,969 shares of the Company’s common stock; • StoneMor GP contributed the common units in the Partnership it received from GP Holdings to StoneMor LP Holdings, LLC (“LP Sub”), a Delaware limited liability company and wholly-owned subsidiary of StoneMor GP; • Merger Sub merged with and into the Partnership, with the Partnership surviving as a Delaware limited partnership, and pursuant to which each outstanding Series A Convertible Preferred Unit (defined within) and Common Unit (defined within) (other than the common units held by LP Sub) was converted into the right to receive one share of the Company’s common stock; and • StoneMor GP converted from a Delaware limited liability company to a Delaware corporation called StoneMor Inc. As a result of the C-Corporation Conversion, the Company remains the general partner of the Partnership and LP Sub is the sole limited partner of the Partnership such that, directly or indirectly, the Company owns 100% of the interests in the Partnership. The C-Corporation Conversion represented a transaction between entities under common control and was accounted for similarly to pooling of interests in a business combination. The common stock of the Company issued to the holders of the common units and preferred units of the Partnership and to GP Holdings for its general partner interest in the Partnership was recognized by the Company at the carrying value of the equity interests in the Partnership. In addition, the Company became the successor and the Partnership the predecessor for the purposes of financial reporting.
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying condensed consolidated financial statements, which are unaudited, have been prepared in accordance with the requirements of the Quarterly Report on Form 10-Q and Generally Accepted Accounting Principles (“GAAP”) for interim reporting. They do not include all disclosures normally made in financial statements contained in Annual Reports on Form 10-K. In management’s opinion, all adjustments necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the periods disclosed have been made. The balance sheet at December 31, 2019 has been derived from the audited consolidated financial statement as of December 31, 2019, as presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, which was filed with The unaudited condensed consolidated financial statements include the accounts of each of the Company’s 100% owned subsidiaries. These statements also include the accounts of the merchandise and perpetual care trusts in which the Company has a variable interest and is the primary beneficiary. The Company operates 30 cemeteries under long-term leases, operating agreements and management agreements. The operations of 16 of these managed cemeteries have been consolidated. The Company operates 14 cemeteries under long-term leases and other agreements that do not qualify as acquisitions for accounting purposes. As a result, the Company did not consolidate all of the existing assets and liabilities related to these cemeteries. The Company has consolidated the existing assets and liabilities of the merchandise and perpetual care trusts associated with these cemeteries as variable interest entities, since the Company controls and receives the benefits and absorbs any losses from operating these trusts. Under the long-term leases, and other agreements associated with these properties, which are subject to certain termination provisions, the Company is the exclusive operator of these cemeteries and earns revenues related to sales of merchandise, services and interment rights and incurs expenses related to such sales, including the maintenance and upkeep of these cemeteries. Upon termination of these agreements, the Company will retain all of the benefits and related contractual obligations incurred from sales generated during the agreement period. The Company has also recognized the existing customer contract-related performance obligations that it assumed as part of these agreements.
COVID-19 and Business Interruption	COVID-19 and Business Interruption The outbreak of COVID-19, which has reached pandemic proportions (“COVID-19 Pandemic”), poses a significant threat to the health and economic wellbeing of the Company’s employees, customers and vendors. The Company’s operations have been deemed essential by the state and local governments in which it operates, with the exception of Puerto Rico, and the Company is actively working with federal, state and local government officials to ensure that it continues to satisfy their requirements for offering the Company’s essential services. The operation of all of the Company’s facilities is critically dependent on the Company’s employees who staff these locations. To ensure the wellbeing of the Company’s employees and their families, the Company provided every employee of the Company with detailed health and safety literature on COVID-19, such as the Centers for Disease Control and Prevention (the “CDC”)’s industry-specific guidelines for working with the deceased who were or may have been infected with COVID-19. In addition, the Company’s procurement and safety teams have updated and developed new safety-oriented guidelines to support daily field operations and continue to provide personal protection equipment to those employees whose positions necessitate it. The Company implemented work from home policies at the Company’s corporate office consistent with the CDC’s guidance to reduce the risks of exposure to COVID-19 while still supporting the families that we serve. The Company has not experienced any significant disruptions to its business as a result of the work from home policies in its corporate office. The Company’s marketing and sales team quickly responded to the sales challenges presented by the COVID-19 Pandemic by implementing virtual meeting options using a variety of web-based tools to ensure that the Company’s sales personnel can continue to connect with and meet the needs of the Company’s customers in a safe, effective and productive manner. Some of the Company’s locations are providing live video streaming of their funeral and burial services to customers or providing other alternatives that respect social distancing, so that family and friends can connect during their time of grief. Like most businesses world-wide, the COVID-19 Pandemic has impacted the Company financially. During the last two weeks of the first quarter and into beginning of the second quarter, the Company saw its pre-need sales and at-need sales activity decline as Americans practiced social distancing and crowd size restrictions were put in place. However, during the last two months of the second quarter, the Company experienced at-need sales growth. While the Company expects that its pre-need sales could continue to be challenged during the continued COVID-19 Pandemic, the Company believes the implementation of its virtual meeting tools is one of several key steps to mitigate this disruption. In addition, throughout this disruption the Company’s cemeteries and funeral homes have largely remained open and available to serve its families in all the locations in which it operates to the extent permitted by local authorities, with the exception of Puerto Rico, and the Company expects that this will continue. The Company expects the COVID-19 Pandemic could have an adverse effect on its future results of operations and cash flows, however the Company cannot presently predict, with certainty, the scope and severity of that impact. On May 5, 2020, the Company’s Board of Directors, at the recommendation of its Compensation, Nominating and Governance Committee (the “CNG Committee”), approved certain voluntary temporary reductions in base salaries implemented by the Company’s senior management as part of measures being taken to reduce expenses given the uncertainty regarding the extent and potential duration of the COVID-19 pandemic and its impact on the Company’s financial condition. These voluntary base salary reductions, which began on April 20, 2020 and continued for ten weeks, did not modify other rights under any agreements or employee benefits that are determined by reference to base salary and did not give rise to any “good reason” resignation rights or any breach under the affected employees’ applicable arrangements with the Company. At the CNG Committee’s recommendation, the Board also approved reductions of 50% of the quarterly retainer fee and additional Board committee chair fees payable to non-employee directors for a ten-week period of the third quarter of 2020.
Axar Proposal	Axar Proposal On May 27, 2020, the Company announced that it had received an unsolicited proposal letter (the “Proposal”), dated May 24, 2020, from proposing to acquire all of the outstanding shares of common stock of the Company not owned by Axar or its affiliates for $0.67 per share in cash, subject to certain conditions. Axar currently owns approximately 62% of the Company’s outstanding common stock. According to the Proposal, the proposed transaction would not be contingent on any financing and would be funded with equity from Axar and its affiliates. The Proposal states that the proposed transaction would be conditioned upon, among other things, the negotiation and execution of mutually satisfactory definitive agreements, which Axar proposed would contain terms customary for a transaction of this type, in addition to a closing condition that the approval of holders of a majority of the outstanding shares not owned by Axar or its affiliates be obtained. On May 26, 2020, the Company’s Board of Directors formed a special committee (the “Special Committee”) consisting of independent directors to consider and evaluate the transaction contemplated by the Proposal. The Special Committee has retained independent legal and financial advisors to assist in its review and evaluation of the proposed transaction and has been authorized by the Board to reject the proposed transaction or to recommend that the Board of Directors approve the terms of the proposed transaction. On June 16, 2020, the Company announced that the Special Committee sent a letter to Axar informing it that, after reviewing the Proposal, it had rejected the price proposed by Axar as inadequate. The Special Committee also informed Axar that it would be open to engaging in further discussions. See Note 19 Subsequent Events for further details on related events subsequent to June 30, 2020.
Strategic Partnership Agreement	Strategic Partnership Agreement On April 2, 2020, the Company entered into two multi-year Master Services Agreements (the “MSAs”) with Moon Landscaping, Inc. and its affiliate, Rickert Landscaping, Inc. (collectively “Moon”), which are being implemented in a phased approach. Under the terms of the MSAs, Moon agreed to provide all grounds and maintenance services at most of the funeral homes, cemeteries and other properties the Company owns or manages including, but not limited to, landscaping, openings and closings, burials, installations, routine maintenance and janitorial services. Moon also agreed to hire all of the Company’s grounds and maintenance employees at the serviced locations upon transition and perform all functions handled by those employees. The Company agreed to pay a total of approximately $241.0 million over the term of the contracts, which run through December 31, 2024, based upon an initial annual cost of $49.0 million and annual increases of 2%. The first year cost will be prorated based upon exact implementation and roll-out schedule for each location. As part of the MSAs, the Company agreed to sublease to Moon the landscaping and maintenance equipment that it leases and to lease the landscaping and maintenance equipment to Moon that it owns for the duration of the agreements. The Company agreed to transfer title to any such equipment it owns at the end of the term to Moon, in each case without any additional payment by Moon. As of June 30, 2020, the net book value of the equipment the Company was leasing to Moon was approximately $5.5 million . Each party has the right to terminate the MSAs at any time on six months’ prior written notice, provided that if the Company terminates the MSAs without cause, it will be obligated to pay Moon an equipment credit fee in the amount of $1.0 million for each year remaining in the term, prorated for the portion of the year in which any such termination occurs.
Amendments to Indenture and Capital Raise	Amendments to Indenture and Capital Raise On April 1, 2020, the Partnership and CFS West Virginia (collectively, the “Issuers”) and Wilmington Trust, National Association, as trustee, entered into the Third Supplemental Indenture (the “Supplemental Indenture”) to the Indenture. Pursuant to the terms of the Supplemental Indenture, the following financial covenants were amended: • The Interest Coverage Ratio measurements at March 31, June 30 and September 30, 2020 were eliminated and replaced with a Minimum Operating Cash Flow covenant of $(25.0 million), $(35.0 million) and $(35.0 million), respectively; • The required Interest Coverage Ratios at December 31, 2020, March 31, 2021 and June 30, 2021 were reduced to 0.00x, 0.75x and 1.10x, respectively, from 1.15x, 1.25x and 1.30x; and • The Asset Coverage tests at March 31, June 30, September 30 and December 31, 2020 were reduced to 1.40x from 1.60x. In addition, the premium payable upon voluntary redemption of the 9.875 The Issuers also agreed in the Supplemental Indenture to use their best efforts to cause the Company to effectuate a rights offering on the terms described below as promptly as practicable with an expiration date no later than July 24, 2020 and to receive proceeds of not less than $8.2 million therefrom (in addition to the $8.8 million capital raise described below). Concurrently with the execution of the Supplemental Indenture, the Company entered into a letter agreement (the “Axar Commitment”) with Axar pursuant to which Axar committed to (a) purchase shares of our Series A Preferred Stock with an aggregate purchase price of $8.8 million on April 3, 2020, (b) exercise its basic rights in the rights offering by tendering the shares of Series A Preferred Stock so purchased for shares of Common Stock and (c) purchasing any shares offered in the rights offering for which other stockholders do not exercise their rights, up to a maximum of an additional $8.2 million of such shares. The Company did not pay Axar any commitment, backstop or other fees in connection with the Axar Commitment. On April 3, 2020, as contemplated by the Axar Commitment, the Company and Axar CL SPV LLC, Star V Partners LLC and Blackwell Partners LLC –Series E. (the “2020 Purchasers”) entered into a Series A Preferred Stock Purchase Agreement (the “2020 Preferred Purchase Agreement”) pursuant to which the Company sold 176 shares of its Series A Preferred Stock, par value $0.01 per share (the “Preferred Shares”), for a cash price of $50,000 per share, an aggregate of $8.8 million. The Company offered and sold the Preferred Shares in reliance upon the exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof. The Company relied on this exemption from registration based in part on representations made by the 2020 Purchasers in the 2020 Preferred Purchase Agreement. Under the terms of the Supplemental Indenture and the Axar Commitment, the Company agreed to undertake an offering to holders of its Common Stock of transferable rights to purchase their pro rata share of shares of Common Stock with an aggregate exercise price of at least $17.0 million at a price of $0.73 per share. The rights offering period, during which the rights will be transferable, will be no less than 20 calendar days and no more than 45 calendar days. The Company agreed to use its best efforts to complete the rights offering with an expiration date no later than July 24, 2020. On May 27 2020, the Company entered into a Common Stock Purchase Agreement (the “Common Stock Purchase Agreement”) with Axar, the accounts managed by Axar set forth on Schedule B thereto and one or more accounts managed by Axar to be designated by it (collectively, the “Purchasers”) pursuant to which the Company agreed to sell an aggregate of 23,287,672 shares of its Common Stock, par value $0.01 per share to the Purchasers at a price of $0.73 per share, an aggregate of $17.0 million. Because the Company’s common stock had been trading at a price less than the $0.73 subscription price for the rights offering described above, the Company’s Board of Directors determined and Axar agreed in the Common Stock Purchase Agreement to amend the Axar Commitment to provide for a direct purchase of the 23,287,672 shares of common stock and avoid the expense of proceeding with the rights offering while obtaining the same per share and aggregate purchase price contemplated by the Axar Commitment. On June 19, 2020, the Company completed the sale of the aggregate of 23,287,672 shares of its Common Stock (the “New Common Shares”) as contemplated by the Common Stock Purchase Agreement. The Company issued and sold to the Purchasers, and the Purchasers acquired and purchased from the Company, (a) 12,054,795 New Common Shares in exchange for the surrender of 176 shares of Preferred Shares of the Company purchased on April 3, 2020, with a stated value of $8.8 million (an exchange ratio of 68,493.15 New Common Shares for each share of Series A Preferred Stock surrendered), and (b) 11,232,877 New Common Shares for a cash purchase price of $0.73 per share, an aggregate of $8.2 million. The Company offered and sold the New Common Shares in reliance upon the exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof. The Company relied on this exemption from registration based in part on representations made by the Purchasers in the Purchase Agreement.
Sources and Uses of Liquidity	Sources and Uses of Liquidity The Company’s primary sources of liquidity are cash generated from operations and proceeds from asset sales. The Company’s primary cash requirements, in addition to normal operating expenses, are for capital expenditures, net contributions to the merchandise and perpetual care trust funds and debt service. In general, as part of its operating strategy, the Company expects to fund: • working capital deficits through available cash, cash generated from operations, proceeds from asset sales and proceeds from equity offerings; • expansion capital expenditures, net contributions to the merchandise and perpetual care trust funds and debt service obligations through available cash, cash generated from operations or proceeds from asset sales. Amounts contributed to the merchandise trust funds will be withdrawn at the time of the delivery of the product or service sold to which the contribution related (see "Summary of Significant Accounting Policies" section below regarding revenue recognition), which will reduce the amount of additional borrowings or asset sales needed; and • any maintenance capital expenditures through available cash and cash flows from operating activities. While the Company relies heavily on its available cash and cash flows from operating activities to execute its operational strategy and meet its financial commitments and other short-term financial needs, the Company cannot be certain that sufficient capital will be generated through operations or be available to the Company to the extent required and on acceptable terms. The Company has experienced negative financial trends, including use of cash in operating activities, which, when considered in the aggregate, could raise substantial doubt about the Company’s ability to continue as a going concern. These negative financial trends include: • the Company has incurred net losses for the past several years and generated negative cash flow from operating activities for the year ended December 31, 2019 and the three months ended March 31, 2020, due to an increased competitive environment and increases in professional fees and compliance costs; and • a decline in billings coupled with the increase in professional, compliance and consulting expenses that tightened the Company's liquidity position and increased reliance on long-term financial obligations. During 2019 and 2020, the Company implemented (and will continue to implement) various actions to improve profitability and cash flows to fund operations. A summary of these actions is as follows: • sold an aggregate of 52,083,333 Preferred Units for an aggregate purchase price of $57.5 million and completed a private placement of $385.0 million of the Senior Secured Notes in June 2019. The net proceeds of both transactions were used to fully repay the then-outstanding 7.875% senior notes due in June 2021 (the “Senior Notes”) and retire the Company’s revolving credit facility that was due in May 2020; • manage recurring operating expenses, seek to limit non-recurring operating expenses and implement cost reduction initiatives to minimize the impact of the COVID-19 Pandemic on the Company; • identify and complete sales of select assets to de-leverage the balance sheet; and • raised $17.0 million in equity capital from the sale of 176 Preferred Shares and the subsequent exchange of such Preferred Shares for 12,054,795 shares of its Common Stock and the sale of an additional 11,232,877 shares of its Common Stock. In addition, there is no certainty that the Company's actual operating performance and cash flows will not be substantially different from forecasted results or that the Company will not need amendments to the Indenture in the future or that any such amendments will be available on terms acceptable to the Company or at all. Factors that could impact the significant assumptions used by the Company in assessing its ability to satisfy its financial covenants include the following: • operating performance not meeting reasonably expected forecasts, including the effects of the COVID-19 Pandemic on the Company’s operations; • failing to generate profitable sales; • investments in the Company's trust funds experiencing significant declines due to factors outside its control; • being unable to compete successfully with other cemeteries and funeral homes in the Company's markets; • the number of deaths in the Company's markets declining; and • an adverse change in the mix of funeral and cemetery revenues between burials and cremations. If the Company's planned, implemented and not yet implemented actions are not successful in generating sustainable cash savings for the Company, or the Company fails to improve its operating performance and cash flows or the Company is not able to comply with the covenants under the Indenture, the Company may be forced to limit its business activities, limit its ability to implement further modifications to its operations or limit the effectiveness of some actions that are included in its forecasts, amend its Indenture and/or seek other sources of capital, and the Company may be unable to continue as a going concern. Additionally, a failure to generate additional liquidity could negatively impact the Company's access to inventory or services that are important to the operation of the Company's business. Any of these events may have a material adverse effect on the Company's results of operations and financial condition, and limit the Company’s ability to continue as a going concern. Based on the Company's forecasted operating performance, planned actions to improve the Company’s profitability and cash flows, the execution of the Supplemental Indenture and the Axar Commitment and the completion of the transactions contemplated thereby, including the receipt of $17.0 million in gross proceeds, together with plans to file its financial statements on a timely basis consistent with the debt covenants and commitment to filing its periodic reports on a timely basis consistent with the debt covenants, the Company does not believe it is probable that it will breach the covenants under the Indenture or be unable to continue as a going concern for the next twelve-month period. As such, the unaudited condensed consolidated financial statements for the three and six months ended June 30, 2020 were prepared on the basis of a going concern, which contemplates that the Company will be able to realize assets and discharge liabilities in the normal course of business. Accordingly, they do not give effect to adjustments, if any, that would be necessary should the Company be required to liquidate its assets.
NYSE Delisting Notification	NYSE Delisting Notification On April 14, 2020, the Company received notice from the New York Stock Exchange (the “NYSE”) stating that upon its review of the Company’s financial condition, the NYSE has concluded that the Company is not in compliance with the NYSE’s continued listing requirements (the “NYSE Notification”), since as of April 13, 2020, the 30-trading day average closing price of the Company’s Common Stock had fallen below $1.00 per share over a consecutive 30 trading-day period, which is the minimum average share price for continued listing on the NYSE under Rule 802.01C of the NYSE Listed Company Manual (the “NYSE Listed Manual”). As of April 13, 2020, the Company’s 30 trading-day average closing share price of its security was $0.97. The Company has a period of six months following the receipt of the NYSE Notification to regain compliance with the minimum share price requirement, which was tolled from April 21, 2020 through June 30, 2020. In order to regain compliance, on the last trading day of any calendar month during the cure period, the Common Stock must have (i) a closing price of at least $1.00 per share and (ii) an average closing price of at least $1.00 per share over the 30-trading day period ending on the last trading day of such month. As required, the Company notified the NYSE, within 10 business days of receipt of the NYSE Notification, of its intent to cure this deficiency in order to avoid immediate suspension and delisting procedures. In the event that at the expiration of the six–month cure period, both a $1.00 share price and a $1.00 average share price over the preceding 30 trading days are not attained, the NYSE will commence suspension and delisting procedures. Alternatively, however, the Company can also demonstrate an accelerated cure based on a $1.00 share price on both the last trading day of any calendar month within the six-month cure period and the average share price over the 30 trading days preceding the end of that month. In response, the Company’s Board of Directors is reviewing all available alternatives to return to compliance with the NYSE continued listing standards .
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions as described in its Annual Report. These estimates and assumptions may affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. As a result, actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less from the time they are acquired to be cash equivalents. Cash and Cash Equivalents was $42.9 million and $34.9 million as of June 30, 2020 and December 31, 2019, respectively.
Restricted Cash	Restricted Cash Cash that is restricted from withdrawal or use under the terms of certain contractual agreements is recorded as restricted cash. Restricted cash was $20.7 million and $21.9 million as of June 30, 2020 and December 31, 2019, respectively, which primarily related to cash collateralization of the Company’s letters of credit and surety bonds, and at December 31, 2019 also included a $5.0 million refundable deposit received in connection with the sale of one of the Company’s properties.
Revenues and Deferred Revenues	Revenue The Company's revenues are derived from contracts with customers through sale and delivery of death care products and services. Primary sources of revenue are derived from (1) cemetery and funeral home operations generated both at-need and pre-need, which are classified on the unaudited condensed consolidated statements of operations as Interments, Merchandise and Services, (2) investment income, which includes income earned on assets maintained in perpetual care and merchandise trusts related to pre-need sales of cemetery and funeral home merchandise and services that are required to be maintained in the trust by state law and (3) interest earned on pre-need installment contracts. Investment income is presented within Investment and other for Cemetery revenue and Services for Funeral home revenue. Revenue is measured based on the consideration specified in a contract with a customer and is net of any sales incentives and amounts collected on behalf of third parties. Pre-need contracts are price guaranteed, providing for future merchandise and services at prices prevailing when the agreements are signed. Investment income is earned on certain payments received from customers on pre-need contracts, which are required by law to be deposited into the merchandise and service trusts. Amounts are withdrawn from the merchandise trusts when the Company fulfills the performance obligations. Earnings on these trust funds, which are specifically identifiable for each performance obligation, are also included in total transaction price. Pre-need contracts are generally subject to financing arrangements on an installment basis, with a contractual term not to exceed 60 months. Interest income is recognized utilizing the effective interest method. For those contracts that do not bear a market rate of interest, the Company imputes such interest based upon the prime rate at the time of origination plus 375 basis points in order to segregate the principal and interest component of the total contract value. The Company has elected to not adjust the transaction price for the effects of a significant financing component for contracts that have payment terms under one year. At the time of a non-cancellable pre-need sale, the Company records an account receivable in an amount equal to the total contract value less unearned finance income and any cash deposit paid. The revenue from both the sales and interest income from trusted funds are deferred until the merchandise is delivered or the services are performed. For a sale in a cancellable state, an account receivable is only recorded to the extent control has transferred to the customer for interment rights, merchandise or services for which the Company has not collected cash. The amounts collected from customers in states in which pre-need contracts are cancellable may be subject to refund provisions. The Company estimates the fair value of its refund obligation under such contracts on a quarterly basis and records such obligations within other long-term liabilities line item on its consolidated balance sheets. In accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers In addition, the Company maintains a reserve representing the fair value of the refund obligation that may arise due to state law provisions that include a guarantee of customer funds collected on unfulfilled performance obligations and maintained in trust to the extent that the funds are refundable upon a customer’s exercise of any cancellation rights. Sales taxes assessed by governmental authorities are excluded from revenue. Any shipping and handling costs that are incurred after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of goods sold. Nature of Goods and Services The following is a description of the principal activities within the Company’s two reportable segments from which the Company generates its revenue. Cemetery Operations The Company generates revenues in its Cemetery Operations segment principally from (1) providing rights to inter remains in a specific cemetery property inventory space such as burial lots and constructed mausoleum crypts (“Interments”), (2) sales of cemetery merchandise which includes markers (i.e., method of identifying a deceased person in a burial space, crypt or niche), base (i.e., the substrate upon which a marker is placed), vault (i.e., a container installed in the burial lot in which the casket is placed), caskets, cremation niches and other cemetery related items and (3) service revenues, including opening and closing, a service of digging and refilling burial spaces to install the burial vault and place the casket into the vault, cremation services and fees for installation of cemetery merchandise. Products and services may be sold separately or in packages. For packages, the Company accounts for individual products and services separately as they are distinct (i.e., the product or service is separately identifiable from other items in the package and the customer can benefit from it on its own or with other resources that are readily available to the customer). The consideration (including any discounts) is allocated among separate products and services in a package based on their relative stand-alone selling prices. The stand-alone selling price is determined by management based upon local market conditions and reasonable ranges for both merchandise and services which is the best estimate of the stand-alone price. For items that are not sold separately (e.g., second interment rights), the Company estimates stand-alone selling prices using the best estimate of market value, using inputs such as average selling price and list price broken down by each geographic location. Additionally, the Company considers typical sales promotions that could have impacted the stand-alone selling price estimates. Interments revenue is recognized when control transfers, which is when the property is available for use by the customer. For pre-construction mausoleum contracts, the Company only recognizes revenue once the property is constructed and the customer has obtained substantially all of the remaining benefits of the property. Merchandise revenue and deferred investment earnings on merchandise trusts are recognized when a customer obtains control of the product. This usually occurs when the customer takes possession of the product (title has transferred to the customer and the merchandise is either installed or stored, at the direction of the customer, at the vendor’s warehouse or a third-party warehouse at no additional cost to the Company). The amount of revenue recognized is adjusted for expected refunds, which are estimated based on applicable law, general business practices and historical experience observed specific to the respective performance obligation. The estimate of the refund obligation is reevaluated on a quarterly basis. In addition, the Company is entitled to retain, in certain jurisdictions, a portion of collected customer payments when a customer cancels a pre-need contract; these amounts are also recognized in revenue at the time the contract is cancelled. Service revenue is recognized when the services are performed, and the performance obligation is thereby satisfied. The cost of goods sold related to merchandise and services reflects the actual cost of purchasing products and performing services and the value of cemetery property depleted through the recognized sales of interment rights. The costs related to the sales of lots and crypts are determined systematically using a specific identification method under which the total value of the underlying cemetery property and the lots available to be sold at the location are used to determine the cost per lot. Funeral Home Operations The Company generates revenues in its Funeral Home Operations segment principally from (1) sales of funeral home merchandise which includes caskets and other funeral related items and (2) service revenues, which includes services such as family consultation, the removal of and preparation of remains and the use of funeral home facilities for visitation and services of remembrance. The Funeral Home Operations segment also include revenues related to the sale of term and whole life insurance on an agency basis, in which the Company earns a commission from the sales of these policies. Insurance commission revenue is reported within service revenues. Products and services may be sold separately or in packages. For packages, the Company accounts for individual products and services separately as they are distinct (i.e., the product or service is separately identifiable from other items in the package and the customer can benefit from it on its own or with other resources that are readily available to the customer). The consideration (including any discounts) is allocated among separate products and services based on their relative stand-alone selling prices. The relative stand-alone selling price is determined by management's best estimate of the stand-alone price based upon the list price at each location. The revenue generated by the Company through its Funeral Home Operations segment is principally derived from at-need sales. Merchandise revenue is recognized when a customer obtains control of the product. This usually occurs when the customer takes possession of the product (title has transferred to the customer and the merchandise is either installed or stored, at the direction of the customer, at the vendor’s warehouse or a third-party warehouse). The amount of revenue recognized is adjusted for expected refunds, which are estimated based on applicable law, general business practices and historical experience observed specific to the respective performance obligations. The estimate of the refund obligation is reevaluated on a quarterly basis. Service revenue is recognized when the services are performed and the performance obligation is thereby satisfied. Costs related to the delivery or performance of merchandise and services are charged to expense when merchandise is delivered or services are performed. Deferred Revenues Revenues from the sale of services and merchandise as well as any investment income from the merchandise trusts is deferred until such time that the services are performed or the merchandise is delivered. In addition, for amounts deferred on new contracts and investment income and unrealized gains on our merchandise trusts, deferred revenues include deferred revenues from pre-need sales that were entered into by entities prior to the Company’s acquisition of those entities or the assets of those entities. The Company provides for a profit margin for these deferred revenues to account for the projected future costs of delivering products and providing services on pre-need contracts that the Company acquired through acquisition. These revenues and their associated costs are recognized when the related merchandise is delivered or services are performed and are presented on a gross basis on the unaudited condensed consolidated statements of operations.
Accounts Receivable, Net of Allowance	Accounts Receivable, Net of Allowance The Company sells pre-need cemetery contracts whereby the customer enters into arrangements for future pre-need merchandise and services. These sales are usually made using interest-bearing installment contracts not to exceed 60 months. The interest income is recorded as revenue when the interest amount is considered realizable and collectible, which typically coincides with cash payment. Interest income is not recognized until payments are collected in accordance with the contract. At the time of a pre-need sale, the Company records an account receivable in an amount equal to the total contract value less unearned finance income, unfulfilled performance obligations on cancellable contracts and any cash deposit paid. The Company recognizes an allowance for doubtful accounts by applying a cancellation rate to amounts included in accounts receivable, which is recorded as a reduction in accounts receivable and a corresponding offset to deferred revenues. The cancellation rate is based on a five year average rate by each specific location. Management evaluates customer receivables for impairment based upon historical experience, including the age of the receivables and customers’ payment histories.
Leases	Leases The Company leases a variety of assets throughout its organization, such as office space, funeral homes, warehouses and equipment. The Company has both operating and finance leases. The Company’s operating leases primarily include office space, funeral homes and equipment. The Company’s finance leases primarily consist of vehicles and certain IT equipment. The Company determines whether an arrangement is or contains a lease at the inception of the arrangement based on the facts and circumstances in each contract. Leases with an initial term of 12 months or less are not recorded on the balance sheet, and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. For lease agreements with an initial term in excess of 12 months, the Company records the lease liability and Right of Use (“ROU”) asset at commencement date based upon the present value of the sum of the remaining minimum rental payments, which exclude executory costs. Certain adjustments to the ROU asset may be required for items such as initial direct costs paid or incentives received. Certain leases provide the Company with the option to renew for additional periods , with renewal terms that can extend the lease term for periods ranging from 1 to 30 years. The exercise of lease renewal options is at the Company’s sole discretion, and the Company is only including the renewal option in the lease term when the Company can be reasonably certain that the Company will exercise the additional options. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The Company evaluates the term of the lease, type of asset and its weighted average cost of capital to determine its incremental borrowing rate used to measure the ROU asset and lease liability . The Company calculates operating lease expense ratably over the lease term plus any reasonably assured renewal periods. The Company considers reasonably assured renewal options, fixed escalation provisions and residual value guarantees in its calculation. Leasehold improvements are amortized over the shorter of the lease term or asset life, which may include renewal periods where the renewal is reasonably assured, and are included in the determination of straight-line rent expense. The depreciable life of assets and leasehold improvements are generally limited by the expected lease term. The Company’s leases also typically have lease and non-lease components, which are generally accounted for separately and not included in the measurement of the ROU asset and lease liability.
Stock-Based Compensation	Stock-Based Compensation The Company has a long-term incentive plan under which it is authorized to grant stock-based compensation awards, such as restricted stock or restricted units to be settled in common stock and non-qualified stock options (“stock options”). The Company recognizes compensation expense in an amount equal to the fair value of the stock-based awards on the date of grant over the requisite service period. The fair value of restricted stock awards and restricted stock unit awards is determined based on the number of restricted stock or restricted stock units granted and the closing price of the Company’s common stock on the date of grant. The fair value of stock options is determined by applying the Black-Scholes model to the grant-date market value of the underlying common stock of the Company. The Company has elected to recognize forfeiture credits for these stock-based compensation awards as they are incurred, as this method best reflects actual stock-based compensation expense. Tax deductions on the stock-based compensation awards are not realized until the stock-based compensation awards are vested or exercised. The Company recognizes deferred tax assets for stock-based compensation awards that will result in future deductions on its income tax returns, based on the amount of stock-based compensation recognized at the statutory tax rate in the jurisdiction in which the Company will receive a tax deduction. If the tax deduction for a stock-based compensation award is greater than the cumulative GAAP compensation expense for that stock-based compensation award upon realization of a tax deduction, an excess tax benefit will be recognized and recorded as a favorable impact on the effective tax rate. If the tax deduction for a stock-based compensation award is less than the cumulative GAAP compensation expense for that stock-based compensation award upon realization of the tax deduction, a tax shortfall will be recognized and recorded as an unfavorable impact on the effective tax rate. Any excess tax benefits or shortfalls will be recorded discretely in the period in which they occur. The cash flows resulting from any excess tax benefit will be classified as financing cash flows in the Company’s consolidated statements of cash flows. The Company provides its employees with the election to settle the income tax obligations arising from the vesting of their restricted stock-based compensation awards by the Company withholding stock equal to such income tax obligations. However, employees who are subject to Section 16 of the Exchange Act are required to have stock withheld to satisfy such income tax obligations unless the Company’s Compensation, Nominating and Governance Committee provides that the employee must pay cash in lieu of having stock withheld. Shares of stock acquired from employees in connection with the settlement of the employees’ income tax obligations on these stock-based compensation awards are accounted for as treasury shares that are subsequently retired. Restricted stock awards, restricted stock units and stock options are not considered issued and outstanding for purposes of earnings per share calculations until vested.
Net Income (Loss) per Common Share (Basic and Diluted)	Net Income (Loss) per Common Share (Basic and Diluted) Basic net income (loss) per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is calculated by dividing net income (loss) attributable to common shares by the sum of the weighted-average number of outstanding common shares and the dilutive effect of share-based awards, as calculated by the treasury stock or if converted methods, as applicable. These awards consist of common shares that are contingently issuable upon the satisfaction of certain vesting conditions for stock awards granted under the Company’s long-term incentive plan. The following table sets forth the reconciliation of the Company’s weighted-average number of outstanding common shares for the three and six months ended June 30, 2020 and common limited partner units for the three and six months ended June 30, 2019 used to compute basic net income (loss) attributable to common shares and common limited partners per unit, respectively, to those used to compute diluted net loss per common share and per common limited partners unit, respectively, (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Weighted average number of outstanding common shares—basic (1) 97,572 39,329 96,022 39,115 Plus effect of dilutive incentive awards (2) Restricted shares — — — — Stock options — — — — Weighted average number of outstanding common shares—diluted (1) 97,572 39,329 96,022 39,115 (1) For the three and six months ended June 30, 2020, represents common shares (basic and diluted), and for the three and six months ended June 30, 2019, represents limited partner units (basic and diluted). (2) For the three and six months ended June 30, 2020, the diluted weighted-average number of outstanding common shares does not include 5,275,000 and 3,364,392 shares issuable upon the exercise of outstanding options, respectively, and 421,875 restricted common shares, as their effects would have been anti-dilutive. For the three and six months ended June 30, 2019, the diluted weighted-average number of outstanding common limited partner units does not include 201,995 and 203,433 units, respectively, as their effects would have been anti-dilutive.
Recently Issued Accounting Standard Updates	Recently Adopted Accounting Standards Variable Interest Entities In October 2018, FASB issued ASU No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities Fair Value Measurement In August 2018, FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement Fair Value Measurements Internal-Use Software In August 2018, FASB issued ASU No. 2018-15, Intangibles - Goodwill and Other - Internal-Use Software: Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract Recently Issued Accounting Standard Updates - Not Yet Effective Credit Losses In June 2016, FASB issued ASU No. 2016-13, Credit Losses (Topic 326) Codification Improvements to Topic 326, Financial Instruments-Credit Losses , Financial Instruments-Credit Losses-Measured at Amortized Cost Leases Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Financial Instruments-Credit Losses (Topic 326), Financial Instruments Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . In November 2019, FASB issued ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments-Credit Losses (“ASU 2019-11”) Financial Instruments-Credit Losses (Topic 326) and Leases (Topic 842) Codification Improvements to Financial Instruments The Company plans to adopt the requirements of these amendments upon their effective date of January 1, 2023, using the modified-retrospective method and is evaluating the potential impact of the adoption on its financial position, results of operations and related disclosures. Taxes In December 2019, FASB issued ASU No. 2019-12, Income Taxes (Topic 340) Reference Rate Reform In March 2020, FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting

GENERAL (Tables)

GENERAL (Tables)	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Reconciliation of Partnership's Weighted Average Number of Common Limited Partner Units	The following table sets forth the reconciliation of the Company’s weighted-average number of outstanding common shares for the three and six months ended June 30, 2020 and common limited partner units for the three and six months ended June 30, 2019 used to compute basic net income (loss) attributable to common shares and common limited partners per unit, respectively, to those used to compute diluted net loss per common share and per common limited partners unit, respectively, (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Weighted average number of outstanding common shares—basic (1) 97,572 39,329 96,022 39,115 Plus effect of dilutive incentive awards (2) Restricted shares — — — — Stock options — — — — Weighted average number of outstanding common shares—diluted (1) 97,572 39,329 96,022 39,115 (1) For the three and six months ended June 30, 2020, represents common shares (basic and diluted), and for the three and six months ended June 30, 2019, represents limited partner units (basic and diluted). (2) For the three and six months ended June 30, 2020, the diluted weighted-average number of outstanding common shares does not include 5,275,000 and 3,364,392 shares issuable upon the exercise of outstanding options, respectively, and 421,875 restricted common shares, as their effects would have been anti-dilutive. For the three and six months ended June 30, 2019, the diluted weighted-average number of outstanding common limited partner units does not include 201,995 and 203,433 units, respectively, as their effects would have been anti-dilutive.

DIVESTITURES (Tables)

DIVESTITURES (Tables)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations And Disposal Groups [Abstract]
Schedule of Assets and Liabilities Classified as Assets Held for Sale	The following table summarizes the assets and liabilities that have been classified as Assets held for sale on the Company’s unaudited condensed consolidated balance sheets: June 30, December 31, 2020 2019 Remaining California Other Total Oakmont Other Total Assets Current assets: Accounts receivable, net of allowance $ 566 $ — $ 566 $ 580 $ — $ 580 Prepaid expenses — — — 34 — 34 Other current assets 115 — 115 35 — 35 Total current assets held for sale 681 — 681 649 — 649 Long-term accounts receivable, net of allowance 1,380 — 1,380 3,194 — 3,194 Cemetery property 8,643 350 8,993 5,811 350 6,161 Property and equipment, net of accumulated depreciation 1,894 — 1,894 2,762 150 2,912 Merchandise trusts, restricted, at fair value 11,806 — 11,806 6,673 — 6,673 Perpetual care trusts, restricted, at fair value 6,633 — 6,633 2,470 — 2,470 Deferred selling and obtaining costs 999 — 999 1,388 — 1,388 Other assets 1,534 — 1,534 411 — 411 Less: Impairment of assets held for sale (2,169 ) — (2,169 ) — — — Total assets held for sale $ 31,401 $ 350 $ 31,751 $ 23,358 $ 500 $ 23,858 Liabilities Current liabilities: Accounts payable and accrued liabilities $ 204 $ 179 $ 383 $ 102 $ — $ 102 Current portion, long-term debt — — — 36 — 36 Other current liabilities — — — 5,000 — 5,000 Total current liabilities held for sale 204 179 383 5,138 — 5,138 Deferred revenues 15,925 — 15,925 12,856 — 12,856 Perpetual care trust corpus 6,633 — 6,633 2,470 — 2,470 Other long-term liabilities 1,333 — 1,333 204 — 204 Total liabilities held for sale 24,095 179 24,274 20,668 — 20,668 Net assets held for sale $ 7,306 $ 171 $ 7,477 $ 2,690 $ 500 $ 3,190

EXIT AND DISPOSAL ACTIVITIES (T

EXIT AND DISPOSAL ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2020
Exit And Disposal Activities [Abstract]
Summary of Severance Liability Recognized for Reductions in Workforce	The following table summarizes the activity in the severance liability recognized for these reductions in workforce, by reportable segment (in thousands): Cemetery Operations Funeral Home Operations Corporate Consolidated Balance at December 31, 2019 $ 86 $ — $ 64 $ 150 Accruals 157 — 199 356 Cash payments (232 ) — (215 ) (447 ) Balance at June 30, 2020 $ 11 $ — $ 48 $ 59

ACCOUNTS RECEIVABLE, NET OF A_2

ACCOUNTS RECEIVABLE, NET OF ALLOWANCE (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Long Term Accounts Receivable, Net of Allowance	Long-term accounts receivable, net, consisted of the following at the dates indicated (in thousands): June 30, 2020 December 31, 2019 Customer receivables $ 151,854 $ 153,530 Unearned finance income (15,787 ) (16,303 ) Allowance for doubtful accounts (6,998 ) (5,884 ) Accounts receivable, net of allowance 129,069 131,343 Less: Current portion, net of allowance 55,963 55,794 Long-term portion, net of allowance $ 73,106 $ 75,549
Activity in Allowance for Doubtful Accounts	Activity in the allowance for doubtful accounts was as follows (in thousands): June 30, 2020 December 31, 2019 Balance, beginning of period $ 5,884 $ 4,941 Provision for doubtful accounts 3,807 7,559 Charge-offs, net (2,693 ) (6,616 ) Balance, end of period $ 6,998 $ 5,884

CEMETERY PROPERTY (Tables)

CEMETERY PROPERTY (Tables)	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Schedule of Cemetery Property	Cemetery property consisted of the following at the dates indicated (in thousands): June 30, 2020 December 31, 2019 Cemetery land $ 235,190 $ 249,260 Mausoleum crypts and lawn crypts 68,312 71,345 Cemetery property $ 303,502 $ 320,605

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consisted of the following at the dates indicated (in thousands): June 30, 2020 December 31, 2019 Buildings and improvements $ 118,840 $ 125,382 Furniture and equipment 55,890 57,674 Funeral home land 11,285 14,185 Property and equipment, gross 186,015 197,241 Less: Accumulated depreciation (94,123 ) (93,841 ) Property and equipment, net of accumulated depreciation $ 91,892 $ 103,400

MERCHANDISE TRUSTS (Tables)

MERCHANDISE TRUSTS (Tables)	6 Months Ended
	Jun. 30, 2020
Text Block [Abstract]
Reconciliation of Trust Activities	A reconciliation of the Company’s merchandise trust activities for the six months ended June 30, 2020 and 2019 is presented below (in thousands): Six months ended June 30, 2020 2019 Balance—beginning of period $ 517,192 $ 488,248 Contributions 22,779 27,075 Distributions (37,385 ) (30,938 ) Interest and dividends 11,827 15,479 Capital gain distributions 289 168 Realized gains and losses, net (516 ) 593 Other than temporary impairment (1,655 ) (2,314 ) Taxes 471 (716 ) Fees (4,107 ) (1,978 ) Unrealized change in fair value (24,589 ) 23,765 Total 484,306 519,382 Less: Assets held for sale (11,806 ) — Balance—end of period $ 472,500 $ 519,382
Cost and Market Value Associated with Assets Held in Trusts	The cost and market value associated with the assets held in the merchandise trusts as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 104,706 $ — $ — $ 104,706 Fixed maturities: U.S. governmental securities 2 355 18 (72 ) 301 Corporate debt securities 2 13,472 1,346 (126 ) 14,692 Other debt securities 2 23,586 1,826 (9 ) 25,403 Total fixed maturities 37,413 3,190 (207 ) 40,396 Mutual funds—debt securities 1 22,786 458 (820 ) 22,424 Mutual funds—equity securities 1 46,039 2,367 (17,283 ) 31,123 Other investment funds (1) 230,105 19,853 (13,618 ) 236,340 Equity securities 1 45,097 1,519 (11,971 ) 34,645 Other invested assets 2 5,355 26 — 5,381 Total investments 491,501 27,413 (43,899 ) 475,015 West Virginia Trust Receivable 9,514 — (221 ) 9,293 Total $ 501,015 $ 27,413 $ (44,120 ) $ 484,308 Less: Assets held for sale (12,154 ) — 346 (11,808 ) Total $ 488,861 $ 27,413 $ (43,774 ) $ 472,500 (1) Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have redemption periods ranging from 1 to 30 days, and private credit funds, which have lockup periods of zero to six years with three potential one year extensions at the discretion of the funds’ general partners. As of June 30, 2020, there were $45.9 million in unfunded investment commitments to the private credit funds, which are callable at any time. December 31, 2019 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 144,610 $ — $ — $ 144,610 Fixed maturities: U.S. governmental securities 2 456 6 (65 ) 397 Corporate debt securities 2 783 14 (133 ) 664 Total fixed maturities 1,239 20 (198 ) 1,061 Mutual funds—debt securities 1 67,801 1,857 (6 ) 69,652 Mutual funds—equity securities 1 46,609 1,744 — 48,353 Other investment funds (1) 213,024 6,366 (2,953 ) 216,437 Equity securities 1 24,386 1,327 (4 ) 25,709 Other invested assets 2 8,360 32 — 8,392 Total investments 506,029 11,346 (3,161 ) 514,214 West Virginia Trust Receivable 9,651 — — 9,651 Total $ 515,680 $ 11,346 $ (3,161 ) $ 523,865 Less: Assets held for sale (6,369 ) (304 ) — (6,673 ) Total $ 509,311 $ 11,042 $ (3,161 ) $ 517,192
Contractual Maturities of Debt Securities Held in Trusts	The contractual maturities of debt securities as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ — $ 110 $ 179 $ 12 Corporate debt securities 3,824 6,566 4,302 — Other debt securities 16,034 9,369 — — Total fixed maturities $ 19,858 $ 16,045 $ 4,481 $ 12 December 31, 2019 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ 112 $ 78 $ 193 $ 13 Corporate debt securities 101 546 16 — Total fixed maturities $ 213 $ 624 $ 209 $ 13
Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Trusts	An aging of unrealized losses on the Company’s investments in debt and equity securities within the merchandise trusts as of June 30, 2020 and December 31, 2019 is presented below (in thousands): Less than 12 months 12 months or more Total June 30, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 29 $ — $ 300 $ 72 $ 329 $ 72 Corporate debt securities 2,087 6 503 120 2,590 126 Other debt securities 6,774 9 — — 6,774 9 Total fixed maturities 8,890 15 803 192 9,693 207 Mutual funds—debt securities 11,436 472 — 348 11,436 820 Mutual funds—equity securities 25,533 15,900 — 1,383 25,533 17,283 Other investment funds 99,890 13,618 — — 99,890 13,618 Equity securities 29,642 11,971 — — 29,642 11,971 Total $ 175,391 $ 41,976 $ 803 $ 1,923 $ 176,194 $ 43,899 Less than 12 months 12 months or more Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 90 $ 1 $ 397 $ 64 $ 487 $ 65 Corporate debt securities 198 29 424 104 622 133 Total fixed maturities 288 30 821 168 1,109 198 Mutual funds—debt securities 241 6 — — 241 6 Mutual funds—equity securities — — — — — — Other investment funds 54,782 2,953 — — 54,782 2,953 Equity securities 3 4 — — 3 4 Other invested assets — — — — — — Total $ 55,314 $ 2,993 $ 821 $ 168 $ 56,135 $ 3,161

PERPETUAL CARE TRUSTS (Tables)

PERPETUAL CARE TRUSTS (Tables)	6 Months Ended
	Jun. 30, 2020
Schedule Of Available For Sale Securities [Line Items]
Reconciliation of Trust Activities	A reconciliation of the Company’s merchandise trust activities for the six months ended June 30, 2020 and 2019 is presented below (in thousands): Six months ended June 30, 2020 2019 Balance—beginning of period $ 517,192 $ 488,248 Contributions 22,779 27,075 Distributions (37,385 ) (30,938 ) Interest and dividends 11,827 15,479 Capital gain distributions 289 168 Realized gains and losses, net (516 ) 593 Other than temporary impairment (1,655 ) (2,314 ) Taxes 471 (716 ) Fees (4,107 ) (1,978 ) Unrealized change in fair value (24,589 ) 23,765 Total 484,306 519,382 Less: Assets held for sale (11,806 ) — Balance—end of period $ 472,500 $ 519,382
Cost and Market Value Associated with Assets Held in Trusts	The cost and market value associated with the assets held in the merchandise trusts as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 104,706 $ — $ — $ 104,706 Fixed maturities: U.S. governmental securities 2 355 18 (72 ) 301 Corporate debt securities 2 13,472 1,346 (126 ) 14,692 Other debt securities 2 23,586 1,826 (9 ) 25,403 Total fixed maturities 37,413 3,190 (207 ) 40,396 Mutual funds—debt securities 1 22,786 458 (820 ) 22,424 Mutual funds—equity securities 1 46,039 2,367 (17,283 ) 31,123 Other investment funds (1) 230,105 19,853 (13,618 ) 236,340 Equity securities 1 45,097 1,519 (11,971 ) 34,645 Other invested assets 2 5,355 26 — 5,381 Total investments 491,501 27,413 (43,899 ) 475,015 West Virginia Trust Receivable 9,514 — (221 ) 9,293 Total $ 501,015 $ 27,413 $ (44,120 ) $ 484,308 Less: Assets held for sale (12,154 ) — 346 (11,808 ) Total $ 488,861 $ 27,413 $ (43,774 ) $ 472,500 (1) Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have redemption periods ranging from 1 to 30 days, and private credit funds, which have lockup periods of zero to six years with three potential one year extensions at the discretion of the funds’ general partners. As of June 30, 2020, there were $45.9 million in unfunded investment commitments to the private credit funds, which are callable at any time. December 31, 2019 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 144,610 $ — $ — $ 144,610 Fixed maturities: U.S. governmental securities 2 456 6 (65 ) 397 Corporate debt securities 2 783 14 (133 ) 664 Total fixed maturities 1,239 20 (198 ) 1,061 Mutual funds—debt securities 1 67,801 1,857 (6 ) 69,652 Mutual funds—equity securities 1 46,609 1,744 — 48,353 Other investment funds (1) 213,024 6,366 (2,953 ) 216,437 Equity securities 1 24,386 1,327 (4 ) 25,709 Other invested assets 2 8,360 32 — 8,392 Total investments 506,029 11,346 (3,161 ) 514,214 West Virginia Trust Receivable 9,651 — — 9,651 Total $ 515,680 $ 11,346 $ (3,161 ) $ 523,865 Less: Assets held for sale (6,369 ) (304 ) — (6,673 ) Total $ 509,311 $ 11,042 $ (3,161 ) $ 517,192
Contractual Maturities of Debt Securities Held in Trusts	The contractual maturities of debt securities as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ — $ 110 $ 179 $ 12 Corporate debt securities 3,824 6,566 4,302 — Other debt securities 16,034 9,369 — — Total fixed maturities $ 19,858 $ 16,045 $ 4,481 $ 12 December 31, 2019 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ 112 $ 78 $ 193 $ 13 Corporate debt securities 101 546 16 — Total fixed maturities $ 213 $ 624 $ 209 $ 13
Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Trusts	An aging of unrealized losses on the Company’s investments in debt and equity securities within the merchandise trusts as of June 30, 2020 and December 31, 2019 is presented below (in thousands): Less than 12 months 12 months or more Total June 30, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 29 $ — $ 300 $ 72 $ 329 $ 72 Corporate debt securities 2,087 6 503 120 2,590 126 Other debt securities 6,774 9 — — 6,774 9 Total fixed maturities 8,890 15 803 192 9,693 207 Mutual funds—debt securities 11,436 472 — 348 11,436 820 Mutual funds—equity securities 25,533 15,900 — 1,383 25,533 17,283 Other investment funds 99,890 13,618 — — 99,890 13,618 Equity securities 29,642 11,971 — — 29,642 11,971 Total $ 175,391 $ 41,976 $ 803 $ 1,923 $ 176,194 $ 43,899 Less than 12 months 12 months or more Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 90 $ 1 $ 397 $ 64 $ 487 $ 65 Corporate debt securities 198 29 424 104 622 133 Total fixed maturities 288 30 821 168 1,109 198 Mutual funds—debt securities 241 6 — — 241 6 Mutual funds—equity securities — — — — — — Other investment funds 54,782 2,953 — — 54,782 2,953 Equity securities 3 4 — — 3 4 Other invested assets — — — — — — Total $ 55,314 $ 2,993 $ 821 $ 168 $ 56,135 $ 3,161
Variable Interest Entity, Primary Beneficiary | Perpetual care trusts
Schedule Of Available For Sale Securities [Line Items]
Reconciliation of Trust Activities	A reconciliation of the Company’s perpetual care trust activities for the six months ended June 30, 2020 and 2019 is presented below (in thousands): Six months ended June 30, 2020 2019 Balance—beginning of period $ 343,619 $ 330,562 Contributions 3,616 3,668 Distributions (27,765 ) (12,461 ) Interest and dividends 11,279 10,480 Capital gain distributions 318 250 Realized gains and losses, net (831 ) 1,019 Other than temporary impairment (930 ) (713 ) Taxes (86 ) (555 ) Fees (912 ) (1,574 ) Unrealized change in fair value (23,454 ) 12,632 Total 304,854 343,308 Less: Assets held for sale (6,633 ) — Balance—end of period $ 298,221 $ 343,308
Cost and Market Value Associated with Assets Held in Trusts	The cost and market value associated with the assets held in the perpetual care trusts as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 14,279 $ — $ — $ 14,279 Fixed maturities: U.S. governmental securities 2 1,017 70 (50 ) 1,037 Corporate debt securities 2 3,213 213 (137 ) 3,289 Other debt securities 2 1,071 125 — 1,196 Total fixed maturities 5,301 408 (187 ) 5,522 Mutual funds—debt securities 1 17,018 231 (568 ) 16,681 Mutual funds—equity securities 1 16,617 1,500 (4,368 ) 13,749 Other investment funds (1) 230,150 14,067 (14,000 ) 230,217 Equity securities 1 35,794 293 (11,698 ) 24,389 Other invested assets 2 16 1 — 17 Total investments $ 319,175 $ 16,500 $ (30,821 ) $ 304,854 Less: Assets held for sale (7,923 ) — 1,290 (6,633 ) Total $ 311,252 $ 16,500 $ (29,531 ) $ 298,221 (1) Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have a redemption period ranging from 1 to 30 days, and private credit funds, which have lockup periods ranging from zero to six years with three potential one year extensions at the discretion of the funds’ general partners. As of June 30, 2020 there were $53.1 million in unfunded investment commitments to the private credit funds, which are callable at any time. December 31, 2019 Fair Value Hierarchy Level Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term investments 1 $ 50,358 $ — $ — $ 50,358 Fixed maturities: U.S. governmental securities 2 1,069 32 (52 ) 1,049 Corporate debt securities 2 2,020 22 (142 ) 1,900 Total fixed maturities 3,089 54 (194 ) 2,949 Mutual funds—debt securities 1 49,963 1,439 (38 ) 51,364 Mutual funds—equity securities 1 16,698 1,617 (66 ) 18,249 Other investment funds (1) 186,355 10,526 (5,472 ) 191,409 Equity securities 1 30,423 1,333 (12 ) 31,744 Other invested assets 2 16 — — 16 Total investments $ 336,902 $ 14,969 $ (5,782 ) $ 346,089 Less: Assets held for sale (2,416 ) (54 ) — (2,470 ) Total $ 334,486 $ 14,915 $ (5,782 ) $ 343,619 (1) Other investment funds are measured at fair value using the net asset value per share practical expedient and have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the balance sheet. This asset class is composed of fixed income funds and equity funds, which have a redemption period ranging from 1 to 30 days, and private credit funds, which have lockup periods ranging from one to seven years with three potential one year extensions at the discretion of the funds’ general partners. As of December 31, 2019, there were $62.4 million in unfunded investment commitments to the private credit funds, which are callable at any time.
Contractual Maturities of Debt Securities Held in Trusts	The contractual maturities of debt securities as of June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ 25 $ 286 $ 660 $ 66 Corporate debt securities 402 1,962 925 — Other debt securities 627 569 — — Total fixed maturities $ 1,054 $ 2,817 $ 1,585 $ 66 December 31, 2019 Less than 1 year 1 year through 5 years 6 years through 10 years More than 10 years U.S. governmental securities $ 60 $ 192 $ 684 $ 114 Corporate debt securities 294 1,522 84 - Total fixed maturities $ 354 $ 1,714 $ 768 $ 114
Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Trusts	An aging of unrealized losses on the Company’s investments in debt and equity securities within the perpetual care trusts as of June 30, 2020 and December 31, 2019 is presented below (in thousands): Less than 12 months 12 months or more Total June 30, 2020 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 122 $ — $ 998 $ 50 $ 1,120 $ 50 Corporate debt securities 411 1 1,836 136 2,247 137 Total fixed maturities 533 1 2,834 186 3,367 187 Mutual funds—debt securities 9,847 423 2 145 9,849 568 Mutual funds—equity securities 7,289 4,164 6 204 7,295 4,368 Other investment funds 106,608 14,000 — — 106,608 14,000 Equity securities 23,552 11,677 10 21 23,562 11,698 Total $ 147,829 $ 30,265 $ 2,852 $ 556 $ 150,681 $ 30,821 Less than 12 months 12 months or more Total December 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Fixed maturities: U.S. governmental securities $ 291 $ 4 $ 942 $ 48 $ 1,233 $ 52 Corporate debt securities 463 46 1,887 96 2,350 142 Total fixed maturities 754 50 2,829 144 3,583 194 Mutual funds—debt securities 2,856 38 — — 2,856 38 Mutual funds—equity securities 566 66 — — 566 66 Other investment funds 53,426 5,472 — — 53,426 5,472 Equity securities 121 12 — — 121 12 Total $ 57,723 $ 5,638 $ 2,829 $ 144 $ 60,552 $ 5,782

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Outstanding Debt	Total debt consisted of the following at the dates indicated (in thousands): June 30, 2020 December 31, 2019 9.875%/11.500% Senior Secured PIK Toggle Notes, due June 2024 $ 338,778 $ 380,619 Insurance and vehicle financing 1,389 574 Less deferred financing costs, net of accumulated amortization (16,838 ) (12,856 ) Total debt 323,329 368,337 Less current maturities (1,291 ) (374 ) Total long-term debt $ 322,038 $ 367,963
Schedule of Consolidated Interest Coverage Ratio	The Indenture includes financial covenants pursuant to which the Issuers will not permit: • the Minimum Operating Cash Flow Amount to be less than $(35.0) million at June 30, 2020 and September 30, 2020; • the ratio of the sum of the Operating Cash Flow Amount plus Cash Interest Expense to Cash Interest Expense, or the Consolidated Interest Coverage Ratio, for the twelve months ending as of each date set forth below to be less than: December 31, 2020 0.00x March 31, 2021 0.75x June 30, 2021 1.10x September 30, 2021 1.35x December 31, 2021 1.45x March 31, 2022 and each quarter end thereafter 1.50x

OWNERS' EQUITY (Tables)

OWNERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stock Options Activity	A rollforward of stock options as of June 30, 2020 is as follows: Number of Stock Options Weighted Average Grant Date Fair Value Weighted Average Exercise Price Total outstanding at December 31, 2019 5,500,000 $ 0.34 $ 1.20 Options granted — — — Options exercisable — — — Options exercised — — — Options forfeited (225,000 ) 0.34 1.20 Options expired — — — Total outstanding at June 30, 2020 5,275,000 $ 0.34 $ 1.20
Assumptions in Fair Value of Stock Options Granted	Assumptions used in calculating the fair value of the stock options granted are summarized below: 2019 Options Granted Valuation assumptions: Expected dividend yield None Expected volatility 23.41 % Expected term (years) 6.0 Risk-free interest rate 1.78 % Weighted average: Exercise price per stock option $ 1.20 Market price per share $ 1.23 Weighted average fair value per stock option $ 0.34
Phantom and Restricted Unit Awards	A rollforward of phantom unit and restricted unit awards as of June 30, 2020 is as follows: Number of Phantom Unit and Restricted Unit Awards Weighted Average Grant Date Fair Value Total non-vested at December 31, 2019 559,218 $ 3.67 Units issued 54,881 0.73 Units vested (93,750 ) 3.88 Units forfeited — — Total non-vested at June 30, 2020 520,349 $ 3.32

DEFERRED REVENUES AND COSTS (Ta

DEFERRED REVENUES AND COSTS (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Schedule of Deferred Revenues and Related Costs	Deferred revenues and related costs consisted of the following (in thousands): June 30, 2020 December 31, 2019 Deferred contract revenues $ 829,390 $ 837,190 Deferred merchandise trust revenue 97,841 104,304 Deferred merchandise trust unrealized gains (losses) (16,361 ) 7,881 Deferred revenues $ 910,870 $ 949,375 Deferred selling and obtaining costs $ 115,401 $ 114,944
Schedule of Customer Contract Liabilities, Net	The components of the customer contract liabilities, net in the Company’s consolidated balance sheets at June 30, 2020 and December 31, 2019 were as follows (in thousands): June 30, 2020 December 31, 2019 Customer contract liabilities, gross $ 934,044 $ 974,927 Amounts due from customers for unfulfilled performance obligations on cancellable pre-need contracts (23,174 ) (25,552 ) Customer contract liabilities, net $ 910,870 $ 949,375

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Fixed Rent for Cemeteries	In connection with the Company’s 2014 lease and management agreements with the Archdiocese of Philadelphia, it has committed to pay aggregate fixed rent of $36.0 million in the following amounts: Lease Years 1-5 (May 28, 2014-May 31, 2019) None Lease Years 6-20 (June 1, 2019-May 31, 2034) $1,000,000 per Lease Year Lease Years 21-25 (June 1, 2034-May 31, 2039) $1,200,000 per Lease Year Lease Years 26-35 (June 1, 2039-May 31, 2049) $1,500,000 per Lease Year Lease Years 36-60 (June 1, 2049-May 31, 2074) None

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Components of Leases	The Company has the following balances recorded on its consolidated balance sheets related to leases: June 30, 2020 December 31, 2019 Operating $ 8,289 $ 10,570 Finance 4,873 5,685 Total ROU assets (1) $ 13,162 $ 16,255 Liabilities: Current Operating $ 1,821 $ 2,022 Finance 1,215 1,200 Long-term Operating 9,257 11,495 Finance 3,551 4,302 Total lease liabilities (2) $ 15,844 $ 19,019 (1) (2) The Company’s current lease liabilities and long-term are presented within Accounts payable and accrued liabilities and Other long-term liabilities, respectively, in its consolidated balance sheets.
Components of Lease Expense	The components of lease expense were as follows: Six months ended June 30, 2020 2019 Lease cost Classification Operating lease costs (1) General and administrative expense $ 1,597 $ 1,831 Finance lease costs Amortization of leased assets Depreciation and Amortization 606 640 Interest on lease liabilities Interest expense 225 238 Variable lease costs General and administrative expense — — Short-term lease costs (2) General and administrative expense — — Net lease costs $ 2,428 $ 2,709 (1) The Company includes its variable lease costs under operating lease costs as these variable lease costs are immaterial. (2) The Company does not have any short-term leases with lease terms greater than one month.
Maturities of the Company’s Lease Labilities	Maturities of the Company’s lease labilities as of June 30, 2020 were as follows: Year ending December 31, Operating Finance 2020 $ 1,474 $ 828 2021 2,559 1,828 2022 2,144 2,010 2023 1,868 702 2024 1,728 99 Thereafter 5,729 — Total $ 15,502 $ 5,467 Less: Interest (4,424 ) (701 ) Present value of lease liabilities $ 11,078 $ 4,766 Maturities of the Company’s lease labilities as of December 31, 2019 were as follows: Year ending December 31, Operating Finance 2019 $ 3,283 $ 1,759 2020 2,783 1,838 2021 2,455 2,026 2022 2,190 708 2023 2,046 106 Thereafter 6,348 — Total $ 19,105 $ 6,437 Less: Interest (5,588 ) (935 ) Present value of lease liabilities $ 13,517 $ 5,502

SUPPLEMENTAL CONDENSED CONSOL_2

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Balance Sheets	UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS June 30, 2020 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents, excluding restricted cash $ — $ — $ — $ 39,747 $ 3,115 $ — $ 42,862 Restricted cash — — — 20,698 — — 20,698 Assets held for sale — — — 31,751 — — 31,751 Other current assets — — 3,562 58,501 12,407 — 74,470 Total current assets — — 3,562 150,697 15,522 — 169,781 Long-term accounts receivable — — 2,365 60,158 10,583 — 73,106 Cemetery and funeral home property and equipment — — 529 362,525 32,340 — 395,394 Merchandise trusts — — — — 472,500 — 472,500 Perpetual care trusts — — — — 298,221 — 298,221 Deferred selling and obtaining costs — — 5,785 91,102 18,514 — 115,401 Intangible assets — — — 73 55,579 — 55,652 Other assets — — — 23,340 2,655 — 25,995 Investments in and amounts due from affiliates eliminated upon consolidation — 263,960 — 610,236 — (874,196 ) — Total assets $ — $ 263,960 $ 12,241 $ 1,298,131 $ 905,914 $ (874,196 ) $ 1,606,050 Liabilities and Owners' Equity Current liabilities — — 205 73,563 1,532 — 75,300 Long-term debt, net of deferred financing costs — 263,960 55,981 2,097 — — 322,038 Deferred revenues — — 33,092 763,409 114,369 — 910,870 Perpetual care trust corpus — — — — 298,221 — 298,221 Other long-term liabilities — — — 62,590 16,740 — 79,330 Investments in and amounts due to affiliates eliminated upon consolidation 79,709 79,709 170,019 319,941 526,515 (1,175,893 ) — Total liabilities 79,709 343,669 259,297 1,221,600 957,377 (1,175,893 ) 1,685,759 Owners' equity (79,709 ) (79,709 ) (247,056 ) 76,531 (51,463 ) 301,697 (79,709 ) Total liabilities and owners' equity $ — $ 263,960 $ 12,241 $ 1,298,131 $ 905,914 $ (874,196 ) $ 1,606,050 UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEETS (Continued) December 31, 2019 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Assets Current assets: Cash and cash equivalents, excluding restricted cash $ — $ — $ — $ 33,553 $ 1,314 $ — $ 34,867 Restricted cash — — — 21,900 — — 21,900 Assets held for sale — — — 23,858 — — 23,858 Other current assets — — 3,497 62,686 11,531 — 77,714 Total current assets — — 3,497 141,997 12,845 — 158,339 Long-term accounts receivable — — 2,557 63,124 9,868 — 75,549 Cemetery and funeral home property and equipment — — 609 391,626 31,770 — 424,005 Merchandise trusts — — — — 517,192 — 517,192 Perpetual care trusts — — — — 343,619 — 343,619 Deferred selling and obtaining costs — — 5,654 91,243 18,047 — 114,944 Intangible assets — — — 136 56,110 — 56,246 Other assets — — — 26,907 2,567 — 29,474 Investments in and amounts due from affiliates eliminated upon consolidation — 301,531 — 648,359 — (949,890 ) — Total assets $ — $ 301,531 $ 12,317 $ 1,363,392 $ 992,018 $ (949,890 ) $ 1,719,368 Liabilities and Owners' Equity Current liabilities $ — $ — $ 161 $ 74,674 $ 1,466 $ — $ 76,301 Long-term debt, net of deferred financing costs — 301,531 66,239 193 — — 367,963 Deferred revenues — — 33,349 802,528 113,498 — 949,375 Perpetual care trust corpus — — — — 343,619 — 343,619 Liabilities held for sale, net of current portion Other long-term liabilities — — — 68,227 16,373 — 84,600 Investments in and amounts due to affiliates eliminated upon consolidation 102,490 102,490 183,611 367,770 567,666 (1,324,027 ) — Total liabilities 102,490 404,021 283,360 1,313,392 1,042,622 (1,324,027 ) 1,821,858 Owners' equity (102,490 ) (102,490 ) (271,043 ) 50,000 (50,604 ) 374,137 (102,490 ) Total liabilities and owners' equity $ — $ 301,531 $ 12,317 $ 1,363,392 $ 992,018 $ (949,890 ) $ 1,719,368
Condensed Consolidating Statements of Operations	UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended June 30, 2020 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Total revenues $ — $ — $ 1,197 $ 58,703 $ 13,605 $ (2,798 ) $ 70,707 Total costs and expenses — — (3,803 ) (57,161 ) (12,717 ) 2,798 (70,883 ) Gain on sale of businesses — — — 7,034 — — 7,034 Other losses — — — (2,169 ) — — (2,169 ) Net (loss) income from equity investment in subsidiaries (3,914 ) 4,273 (3,398 ) — — 3,039 — Interest expense — (8,187 ) (1,798 ) (1,814 ) (296 ) — (12,095 ) (Loss) income from operations before income taxes (3,914 ) (3,914 ) (7,802 ) 4,593 592 3,039 (7,406 ) Income tax benefit — — — 3,492 — — 3,492 Net (loss) income $ (3,914 ) $ (3,914 ) $ (7,802 ) $ 8,085 $ 592 $ 3,039 $ (3,914 ) Three Months Ended June 30, 2019 Parent Subsidiary Issuer Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Total revenues $ — $ 1,439 $ 65,749 $ 13,068 $ (1,761 ) $ 78,495 Total costs and expenses — (4,038 ) (66,980 ) (15,997 ) 1,761 (85,254 ) Other losses — — (1,346 ) (2,083 ) — Net loss from equity investment in subsidiaries (30,577 ) (22,358 ) — — 52,935 — Interest expense (2,883 ) (3,822 ) (2,369 ) (272 ) — (9,346 ) Loss on debt extinguishment (938 ) (1,441 ) (6,099 ) — — (8,478 ) Loss from operations before income taxes (34,398 ) (30,220 ) (11,045 ) (5,284 ) 52,935 (28,012 ) Income tax expense — — (6,386 ) — — (6,386 ) Net loss $ (34,398 ) $ (30,220 ) $ (17,431 ) $ (5,284 ) $ 52,935 $ (34,398 ) Six Months Ended June 30, 2020 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Total revenues $ — $ — $ 2,391 $ 118,401 $ 26,674 $ (5,514 ) $ 141,952 Total costs and expenses — — (6,972 ) (116,145 ) (26,036 ) 5,514 (143,639 ) Gain on sale of businesses — — — 31,120 — — 31,120 Other losses — — — (2,169 ) — — (2,169 ) Net income from equity investment in subsidiaries 5,089 21,974 9,187 — — (36,250 ) — Interest expense — (16,885 ) (3,709 ) (3,196 ) (589 ) — (24,379 ) Income from operations before income taxes 5,089 5,089 897 28,011 49 (36,250 ) 2,885 Income tax benefit — — — 2,204 — — 2,204 Net income $ 5,089 $ 5,089 $ 897 $ 30,215 $ 49 $ (36,250 ) $ 5,089 Six Months Ended June 30, 2019 Parent Subsidiary Issuer Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Total revenues $ — $ 3,003 $ 125,501 $ 24,200 $ (2,740 ) $ 149,964 Total costs and expenses — (8,558 ) (132,915 ) (27,353 ) 2,740 (166,086 ) Other losses — — (1,346 ) (2,083 ) — (3,429 ) Net loss from equity investment in subsidiaries (51,753 ) (41,283 ) — — 93,036 — Interest expense (4,241 ) (5,909 ) (11,825 ) (542 ) — (22,517 ) Loss on debt extinguishment (938 ) (1,441 ) (6,099 ) — — (8,478 ) Loss from operations before income taxes (56,932 ) (54,188 ) (26,684 ) (5,778 ) 93,036 (50,546 ) Income tax expense — — (6,386 ) — — (6,386 ) Net loss $ (56,932 ) $ (54,188 ) $ (33,070 ) $ (5,778 ) $ 93,036 $ (56,932 )
Condensed Consolidating Statement of Cash Flows	UNAUDITED CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2020 Parent Partnership CFS West Virginia Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net cash provided by operating activities $ — $ — $ 33 $ 18,309 $ 3,453 $ (20,594 ) $ 1,201 Cash Flows From Investing Activities: Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales — — (8 ) 46,039 (1,486 ) — 44,545 Payments to affiliates (17,000 ) — — — — 17,000 — Net cash provided by investing activities (17,000 ) — (8 ) 46,039 (1,486 ) 17,000 44,545 Cash Flows From Financing Activities: Proceeds from issuance of Series A Preferred Stock 8,800 — — — — — 8,800 Proceeds from issuance of Common Stock 8,200 — — — — — 8,200 Payments from affiliates — — — (3,594 ) — 3,594 — Net borrowings and repayments of debt — — (25 ) (51,491 ) (166 ) — (51,682 ) Other financing activities — — — (4,271 ) — — (4,271 ) Net cash used in financing activities 17,000 — (25 ) (59,356 ) (166 ) 3,594 (38,953 ) Net increase in cash and cash equivalents and restricted cash — — — 4,992 1,801 — 6,793 Cash and cash equivalents and restricted cash—Beginning of period — — — 55,453 1,314 — 56,767 Cash and cash equivalents and restricted cash—End of period $ — $ — $ — $ 60,445 $ 3,115 $ — $ 63,560 Six Months Ended June 30, 2019 Parent Subsidiary Issuer Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net cash used in (provided by) operating activities $ — $ 197 $ (21,647 ) $ 28 $ (10,150 ) $ (31,572 ) Cash Flows From Investing Activities: Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales — (173 ) (3,216 ) (199 ) — (3,588 ) Payments to affiliates (57,500 ) — — — 57,500 — Net cash used investing activities (57,500 ) (173 ) (3,216 ) (199 ) 57,500 (3,588 ) Cash Flows From Financing Activities: Payments from affiliates — — 47,350 — (47,350 ) — Proceeds from issuance of redeemable convertible preferred units, net 57,500 — — — — 57,500 Net borrowings and repayments of debt — (24 ) 39,076 (148 ) — 38,904 Other financing activities — — (17,437 ) — — (17,437 ) Net cash provided (used in) by financing activities 57,500 (24 ) 68,989 (148 ) (47,350 ) 78,967 Net increase (decrease) in cash and cash equivalents and restricted cash — — 44,126 (319 ) — 43,807 Cash and cash equivalents and restricted cash —Beginning of period — — 16,298 1,849 — 18,147 Cash and cash equivalents and restricted cash —End of period $ — $ — $ 60,424 $ 1,530 $ — $ 61,954

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	The following tables present financial information with respect to the Company’s segments (in thousands). Corporate costs represent those not directly associated with an operating segment, such as corporate overhead, interest expense and income taxes. Corporate assets primarily consist of cash and cash equivalents and restricted cash. Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 STATEMENT OF OPERATIONS DATA: Cemetery Operations: Revenues $ 58,932 $ 65,628 $ 116,998 $ 123,538 Operating costs and expenses (49,873 ) (58,934 ) (101,011 ) (112,096 ) Depreciation and amortization (1,619 ) (1,920 ) (3,323 ) (3,882 ) Segment operating profit $ 7,440 $ 4,774 $ 12,664 $ 7,560 Funeral Home Operations: Revenues $ 11,775 $ 12,867 $ 24,954 $ 26,426 Operating costs and expenses (9,920 ) (10,467 ) (20,578 ) (21,967 ) Depreciation and amortization (489 ) (598 ) (1,028 ) (1,186 ) Segment operating profit $ 1,366 $ 1,802 $ 3,348 $ 3,273 Reconciliation of segment operating profit to net income (loss): Cemetery Operations 7,440 4,774 $ 12,664 $ 7,560 Funeral Home Operations 1,366 1,802 3,348 3,273 Total segment profit 8,806 6,576 16,012 10,833 Corporate overhead (8,756 ) (13,137 ) (17,257 ) (26,550 ) Corporate depreciation and amortization (226 ) (198 ) (442 ) (405 ) Gain on sale of businesses 7,034 — 31,120 — Other losses (2,169 ) (3,429 ) (2,169 ) (3,429 ) Interest expense (12,095 ) (9,346 ) (24,379 ) (22,517 ) Loss on debt extinguishment — (8,478 ) — (8,478 ) Income tax benefit (expense) 3,492 (6,386 ) 2,204 (6,386 ) Net (loss) income $ (3,914 ) $ (34,398 ) $ 5,089 $ (56,932 ) CASH FLOW DATA: Capital expenditures: Cemetery Operations $ 1,357 $ 2,921 $ 2,545 $ 3,811 Funeral Home Operations 7 6 17 982 Corporate 354 8 1,229 45 Total capital expenditures $ 1,718 $ 2,935 $ 3,791 $ 4,838 June 30, 2020 December 31, 2019 BALANCE SHEET DATA: Assets: Cemetery Operations $ 1,406,081 $ 1,504,463 Funeral Home Operations 132,842 148,310 Corporate 67,127 66,595 Total assets $ 1,606,050 $ 1,719,368 Assets held for sale: Cemetery Operations $ 26,091 $ 20,819 Funeral Home Operations 5,660 3,039 Total assets held for sale $ 31,751 $ 23,858 Disposed assets: Cemetery Operations $ 20,445 $ — Funeral Home Operations 3,032 110 Total disposed assets $ 23,477 $ 110

SUPPLEMENTAL CONSOLIDATED CAS_2

SUPPLEMENTAL CONSOLIDATED CASH FLOW INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	The tables presented below provide supplemental information to the unaudited condensed consolidated statements of cash flows regarding contract origination and maturity activity included in the pertinent captions on the Company’s unaudited condensed consolidated statements of cash flows (in thousands): Six months ended June 30, 2020 2019 Accounts Receivable Pre-need/at-need contract originations (sales on credit) $ (56,337 ) $ (51,323 ) Cash receipts from sales on credit (post-origination) 48,103 42,712 Changes in accounts receivable, net of allowance $ (8,234 ) $ (8,611 ) Customer Contract Liabilities Deferrals: Cash receipts from customer deposits at origination, net of refunds $ 74,613 $ 72,283 Withdrawals of realized income from merchandise trusts during the period 5,163 4,596 Pre-need/at-need contract originations (sales on credit) 56,337 51,323 Undistributed merchandise trust investment earnings, net (999 ) 7,924 Recognition: Merchandise trust investment income, net withdrawn as of end of period (3,456 ) (4,405 ) Recognized maturities of customer contracts collected as of end of period (97,751 ) (93,466 ) Recognized maturities of customer contracts uncollected as of end of period (14,244 ) (23,129 ) Changes in customer contract liabilities $ 19,663 $ 15,126

GENERAL - Additional Informatio

GENERAL - Additional Information (Detail)	Jun. 19, 2020USD ($)$ / sharesshares	May 27, 2020USD ($)$ / sharesshares	May 05, 2020	Apr. 13, 2020$ / shares	Apr. 02, 2020USD ($)	Apr. 01, 2020USD ($)$ / shares	Jun. 27, 2019	Jun. 30, 2020USD ($)PropertyState$ / sharesshares	Jun. 30, 2020USD ($)PropertyState$ / sharesshares	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)PropertyStateSegment$ / sharesshares	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Apr. 03, 2020USD ($)$ / sharesshares	Mar. 31, 2020	Dec. 31, 2019USD ($)$ / sharesshares
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Impairment of long-lived assets											$ 0
Net book value of the equipment								$ 91,892,000	$ 91,892,000		91,892,000						$ 103,400,000
Proceeds from issuance of common stock											$ 8,200,000
Issuance of Series A Preferred Stock/Units									$ 8,800,000	$ 57,500,000
Common stock, par value | $ / shares								$ 0.01	$ 0.01		$ 0.01						$ 0.01
Number of trading days average closing price				30 days
Number of trading days consecutive days				30 days
Minimum average closing stock price as per listing | $ / shares				$ 1
Average closing price of common stock per share | $ / shares				$ 0.97
Minimum share price required to regain compliance description				(i) a closing price of at least $1.00 per share and (ii) an average closing price of at least $1.00 per share over the 30-trading day period ending on the last trading day of such month. As required, the Company notified the NYSE, within 10 business days of receipt of the NYSE Notification, of its intent to cure this deficiency in order to avoid immediate suspension and delisting procedures
Minimum closing price per share to regain compliance | $ / shares				$ 1
Cash and cash equivalents								$ 42,862,000	$ 42,862,000		$ 42,862,000						$ 34,867,000
Restricted cash								$ 20,700,000	$ 20,700,000		20,700,000						21,900,000
Refundable deposit received for divestitures of property											$ 5,000,000
Divestiture, number of property in non-binding letter | Property											1
Investment Income Contractual Term											60 months
Debt instrument, variable rate											3.75%
Number of reportable segments | Segment											2
Accounts receivable average cancellation rate basis period											5 years
Lease renewal term description											Certain leases provide the Company with the option to renew for additional periods, with renewal terms that can extend the lease term for periods ranging from 1 to 30 years.
Series A Preferred Stock
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Issuance of Series A Preferred Stock\units (in shares\units) | shares									176
Exchange of Series A Preferred Stock for Common Stock (in shares) | shares									(176)
Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Lease renewal term											1 year
Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Liquid investments purchased with an original maturity											3 months
Product sales, payment term											60 months
Lease renewal term											30 years
Maximum | Rights Offering
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Gross proceeds from the contemplated rights offering						$ 17,000,000
Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt covenant, consolidated asset coverage ratio								1.60	1.60		1.60
Debt instrument redemption price percentage							2.00%
Long-term debt, gross								$ 338,778,000	$ 338,778,000		$ 338,778,000						$ 380,619,000
Senior Secured Notes | Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt instrument redemption price percentage						9.875%
Senior Secured Notes | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt covenant, consolidated asset coverage ratio								1.40	1.40		1.40
Debt instrument redemption price percentage						11.50%
Senior Secured Notes | Forecast
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt covenant, consolidated asset coverage ratio													1.40
Senior Secured Notes | Forecast | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt covenant, consolidated asset coverage ratio												1.60	1.40	1.40
Senior Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Redeemable convertible preferred units								$ 57,500,000	$ 57,500,000		$ 57,500,000
Preferred units, sold | shares								52,083,333	52,083,333		52,083,333
Long-term debt, interest rate								7.875%	7.875%		7.875%
Senior Notes | Private Placement
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Long-term debt, gross								$ 385,000,000	$ 385,000,000		$ 385,000,000
March 31, 2020 | Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Minimum operating cash flow covenant						$ 25,000,000
June 30, 2020 | Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Minimum operating cash flow covenant						35,000,000
September 30, 2020 | Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Minimum operating cash flow covenant						$ 35,000,000
December 31, 2020 | Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Consolidated interest coverage ratio						0										1.15
December 31, 2020 | Senior Secured Notes | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Consolidated interest coverage ratio								0	0		0
March 31, 2021 | Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Consolidated interest coverage ratio						0.75										1.25
March 31, 2021 | Senior Secured Notes | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Consolidated interest coverage ratio								0.75	0.75		0.75
June 30, 2021 | Senior Secured Notes
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Consolidated interest coverage ratio						1.10										1.30
June 30, 2021 | Senior Secured Notes | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Consolidated interest coverage ratio								1.10	1.10		1.10
Redeemed On Or After June 27, 2021 and Before June 27, 2022 | Senior Secured Notes | Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt instrument redemption price percentage						4.00%
Redeemed On Or After June 27, 2021 and Before June 27, 2022 | Senior Secured Notes | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt instrument redemption price percentage						5.00%
Redeemed On Or After June 27, 2022 and Before June 27, 2023 | Senior Secured Notes | Minimum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt instrument redemption price percentage						2.00%
Redeemed On Or After June 27, 2022 and Before June 27, 2023 | Senior Secured Notes | Maximum
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Debt instrument redemption price percentage						3.00%
Axar
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Unsolicited proposal letter date		May 27, 2020
StoneMor Operating LLC
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Ownership percentage subsidiaries by the parent								100.00%	100.00%		100.00%						100.00%
C-Corporation Conversion | Partnership and LP Sub
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
General partner ownership interest											100.00%
Compensation Nominating And Governance Committee | Coronavirus Disease2019 Pandemic
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Voluntary base salary reductions, beginning date			Apr. 20, 2020
Voluntary base salary reductions continuation period from beginning date			70 days
Percentage of reduction in quarterly retainer fee			50.00%
Compensation Nominating And Governance Committee | Coronavirus Disease2019 Pandemic | Non-Employee Directors
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Percentage of reduction in additional board committee chair fees payable			50.00%
Proposal | Axar
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Share price | $ / shares		$ 0.67
Outstanding common stock ownership percentage		62.00%
Master Services Agreement | Moon Landscaping, Inc.
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Property management and operational services aggregate amount payable					$ 241,000,000
Property management and operational services initial annual cost					$ 49,000,000
Percentage of annual increase In initial cost					2.00%
Net book value of the equipment								$ 5,500,000	$ 5,500,000		$ 5,500,000
Agreement without cause termination equipment credit fee payable					$ 1,000,000
Agreement termination description					Each party has the right to terminate the MSAs at any time on six months’ prior written notice, provided that if the Company terminates the MSAs without cause, it will be obligated to pay Moon an equipment credit fee in the amount of $1.0 million for each year remaining in the term, prorated for the portion of the year in which any such termination occurs.
Supplemental Indenture | Axar | Rights Offering
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Issuance of Series A Preferred Stock/Units						$ 17,000,000
Share price per common share | $ / shares						$ 0.73
Agreement expiration date						Jul. 24, 2020
Supplemental Indenture | Axar | Rights Offering | Series A Preferred Stock
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Redeemable convertible preferred units						$ 8,800,000
Supplemental Indenture | Axar | Maximum | Rights Offering
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Proceeds from issuance of common stock						$ 8,200,000
Two Thousand Twenty Preferred Purchase Agreement | Axar | Series A Preferred Stock
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Redeemable convertible preferred units															$ 8,800,000
Preferred units, sold | shares															176
Preferred units, par value | $ / shares															$ 0.01
Preferred units, cash price per share | $ / shares															$ 50,000
Common Stock Purchase Agreement | Axar
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Issuance of Series A Preferred Stock/Units	$ 8,800,000
Share price per common share | $ / shares		$ 0.73
Agreed to sell common stock shares | shares		23,287,672
Common stock, par value | $ / shares		$ 0.01
Authorized repurchase shares, value		$ 17,000,000
Issuance of Series A Preferred Stock\units (in shares\units) | shares	23,287,672							23,287,672
Exchange of Series A Preferred Stock for Common Stock (in shares) | shares	12,054,795										12,054,795
Common Stock Purchase Agreement | Axar | Series A Preferred Stock
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Issuance of Series A Preferred Stock\units (in shares\units) | shares	176										176
Preferred shares conversion ratio | shares	68,493.15
Common Stock Purchase Agreement | Axar | Rights Offering
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Issuance of Series A Preferred Stock/Units	$ 8,200,000
Share price per common share | $ / shares	$ 0.73
Issuance of Series A Preferred Stock\units (in shares\units) | shares	11,232,877										11,232,877
Gross proceeds from the contemplated rights offering											$ 17,000,000
Stonemor GP Holdings LLC | C-Corporation Conversion
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Contribution of common units | shares																	5,099,969
Cemetery
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations | Property								30	30		30
Cemetery | Consolidated Properties
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations | Property								16	16		16
Cemetery | Unconsolidated Properties
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations | Property								14	14		14
US and Puerto Rico | Cemetery
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations | Property								318	318		318
Number of states | State								27	27		27
US and Puerto Rico | Cemetery | Wholly Owned Properties
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations | Property								288	288		288
US and Puerto Rico | Cemetery | Managed Properties
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations | Property								30	30		30
US and Puerto Rico | Funeral Home
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations | Property								87	87		87
Number of states | State								17	17		17
US and Puerto Rico | Funeral Home | Cemetery Property
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations | Property								40	40		40

GENERAL - Reconciliation of Com

GENERAL - Reconciliation of Company's Weighted-average Number of Outstanding Common Shares and Common Limited Partner Units (Detail) - shares shares in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Weighted average number of outstanding common shares—basic	[1]	97,572	39,329	96,022	39,115
Weighted average number of outstanding common shares—diluted	[1]	97,572	39,329	96,022	39,115
Weighted average number of common limited partner units—basic			39,329		39,115
Weighted average number of common limited partner units—diluted			39,329		39,115
[1]	For the three and six months ended June 30, 2020, represents weighted average number of common shares outstanding and for the three and six months ended June 30, 2019, represents weighted average number of common limited partner units outstanding.

GENERAL - Reconciliation of C_2

GENERAL - Reconciliation of Company's Weighted-average Number of Outstanding Common Shares and Common Limited Partner Units (Parenthetical) (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share Diluted [Line Items]
Shares and units excluded from the calculation of diluted weighted-average number of outstanding common shares limited partner units, because of their anti-dilutive effect		201,995		203,433
Stock options
Earnings Per Share Diluted [Line Items]
Shares and units excluded from the calculation of diluted weighted-average number of outstanding common shares limited partner units, because of their anti-dilutive effect	5,275,000		3,364,392
Restricted shares
Earnings Per Share Diluted [Line Items]
Shares and units excluded from the calculation of diluted weighted-average number of outstanding common shares limited partner units, because of their anti-dilutive effect			421,875

DIVESTITURES - Additional Infor

DIVESTITURES - Additional Information (Detail) $ in Thousands	Apr. 07, 2020USD ($)	Jan. 03, 2020USD ($)Property	Mar. 31, 2020USD ($)Property	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Aggregate cash purchase price					$ 48,336	$ 1,250
Gain on sale of businesses				$ 7,034	31,120
Senior Secured Notes
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Percentage of remaining net proceeds from asset disposition to redeem additional portion of debt			80.00%
Remaining California Sale | Senior Secured Notes
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Aggregate principal amount of debt redeemed from assets dispositions			$ 3,200
Oakmont Agreement
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of cemetery divested | Property		1
Number of funeral home divested | Property		1
Gain on sale of businesses					24,400
Oakmont Agreement | Oakmont Sale
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Aggregate cash purchase price		$ 33,000
Oakmont Agreement | Oakmont Sale | Senior Secured Notes
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Aggregate principal amount of debt redeemed from assets dispositions		$ 30,300
Olivet Agreement
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Aggregate principal amount of debt redeemed from assets dispositions	$ 20,500
Land purchase obligations	17,100
Olivet Agreement | Olivet Sale
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Gain on sale of businesses				7,200	7,200
Aggregate purchase price	$ 24,300
California Agreement
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of cemetery divested | Property			5
Number of funeral home divested | Property			6
Number of crematories divested | Property			4
California Agreement | Remaining California Sale
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Aggregate cash purchase price			$ 7,100
Impairment charge				$ 2,200	$ 2,200

DIVESTITURES - Discontinued Ope

DIVESTITURES - Discontinued Operations and Disposal Groups (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Total assets held for sale	$ 23,477	$ 110
Current liabilities:
Total current liabilities held for sale	24,274	20,668
Assets Held for Sale
Current assets:
Accounts receivable, net of allowance	566	580
Prepaid expenses	0	34
Other current assets	115	35
Total current assets held for sale	681	649
Long-term accounts receivable, net of allowance	1,380	3,194
Cemetery property	8,993	6,161
Property and equipment, net of accumulated depreciation	1,894	2,912
Merchandise trusts, restricted, at fair value	11,806	6,673
Perpetual care trusts, restricted, at fair value	6,633	2,470
Deferred selling and obtaining costs	999	1,388
Other assets	1,534	411
Less: Impairment of assets held for sale	(2,169)	0
Total assets held for sale	31,751	23,858
Current liabilities:
Accounts payable and accrued liabilities	383	102
Current portion, long-term debt	0	36
Other current liabilities	0	5,000
Total current liabilities held for sale	383	5,138
Deferred revenues	15,925	12,856
Perpetual care trust corpus	6,633	2,470
Other long-term liabilities	1,333	204
Total liabilities held for sale	24,274	20,668
Net assets held for sale	7,477	3,190
Assets Held for Sale | Remaining California Sale
Current assets:
Accounts receivable, net of allowance	566
Prepaid expenses	0
Other current assets	115
Total current assets held for sale	681
Long-term accounts receivable, net of allowance	1,380
Cemetery property	8,643
Property and equipment, net of accumulated depreciation	1,894
Merchandise trusts, restricted, at fair value	11,806
Perpetual care trusts, restricted, at fair value	6,633
Deferred selling and obtaining costs	999
Other assets	1,534
Less: Impairment of assets held for sale	(2,169)
Total assets held for sale	31,401
Current liabilities:
Accounts payable and accrued liabilities	204
Current portion, long-term debt	0
Other current liabilities	0
Total current liabilities held for sale	204
Deferred revenues	15,925
Perpetual care trust corpus	6,633
Other long-term liabilities	1,333
Total liabilities held for sale	24,095
Net assets held for sale	7,306
Assets Held for Sale | Other
Current assets:
Accounts receivable, net of allowance	0	0
Prepaid expenses	0	0
Other current assets	0	0
Total current assets held for sale	0	0
Long-term accounts receivable, net of allowance	0	0
Cemetery property	350	350
Property and equipment, net of accumulated depreciation	0	150
Merchandise trusts, restricted, at fair value	0	0
Perpetual care trusts, restricted, at fair value	0	0
Deferred selling and obtaining costs	0	0
Other assets	0	0
Less: Impairment of assets held for sale	0	0
Total assets held for sale	350	500
Current liabilities:
Accounts payable and accrued liabilities	179	0
Current portion, long-term debt	0	0
Other current liabilities	0	0
Total current liabilities held for sale	179	0
Deferred revenues	0	0
Perpetual care trust corpus	0	0
Other long-term liabilities	0	0
Total liabilities held for sale	179	0
Net assets held for sale	$ 171	500
Assets Held for Sale | Oakmont Sale
Current assets:
Accounts receivable, net of allowance		580
Prepaid expenses		34
Other current assets		35
Total current assets held for sale		649
Long-term accounts receivable, net of allowance		3,194
Cemetery property		5,811
Property and equipment, net of accumulated depreciation		2,762
Merchandise trusts, restricted, at fair value		6,673
Perpetual care trusts, restricted, at fair value		2,470
Deferred selling and obtaining costs		1,388
Other assets		411
Less: Impairment of assets held for sale		0
Total assets held for sale		23,358
Current liabilities:
Accounts payable and accrued liabilities		102
Current portion, long-term debt		36
Other current liabilities		5,000
Total current liabilities held for sale		5,138
Deferred revenues		12,856
Perpetual care trust corpus		2,470
Other long-term liabilities		204
Total liabilities held for sale		20,668
Net assets held for sale		$ 2,690

EXIT AND DISPOSAL ACTIVITIES -

EXIT AND DISPOSAL ACTIVITIES - Additional Information (Details) - Position	1 Months Ended	12 Months Ended
	Apr. 30, 2020	Dec. 31, 2019
Trevose, Pennsylvania
Restructuring Cost And Reserve [Line Items]
Number of positions reduced	31	200

EXIT AND DISPOSAL ACTIVITIES _2

EXIT AND DISPOSAL ACTIVITIES - Summary of Severance Liability Recognized for Reductions in Workforce (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Restructuring Cost And Reserve [Line Items]
Severance liability, beginning balance	$ 150
Accruals	356
Cash payments	(447)
Severance liability, ending balance	59
Corporate
Restructuring Cost And Reserve [Line Items]
Severance liability, beginning balance	64
Accruals	199
Cash payments	(215)
Severance liability, ending balance	48
Cemetery | Operating
Restructuring Cost And Reserve [Line Items]
Severance liability, beginning balance	86
Accruals	157
Cash payments	(232)
Severance liability, ending balance	$ 11

ACCOUNTS RECEIVABLE, NET OF A_3

ACCOUNTS RECEIVABLE, NET OF ALLOWANCE - Long Term Accounts Receivable, Net of Allowance (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Customer receivables	$ 151,854	$ 153,530
Unearned finance income	(15,787)	(16,303)
Allowance for doubtful accounts	(6,998)	(5,884)
Accounts receivable, net of allowance	129,069	131,343
Less: Current portion, net of allowance	55,963	55,794
Long-term portion, net of allowance	$ 73,106	$ 75,549

ACCOUNTS RECEIVABLE, NET OF A_4

ACCOUNTS RECEIVABLE, NET OF ALLOWANCE - Activity in Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance, beginning of period	$ 5,884
Provision for doubtful accounts	3,807	$ 4,219
Balance, end of period	6,998		$ 5,884
Contract Cancellations
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance, beginning of period	5,884	$ 4,941	4,941
Provision for doubtful accounts	3,807		7,559
Charge-offs, net	(2,693)		(6,616)
Balance, end of period	$ 6,998		$ 5,884

CEMETERY PROPERTY - Schedule of

CEMETERY PROPERTY - Schedule of Cemetery Property (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Cemetery land	$ 235,190	$ 249,260
Mausoleum crypts and lawn crypts	68,312	71,345
Cemetery property	$ 303,502	$ 320,605

PROPERTY AND EQUIPMENT - Schedu

PROPERTY AND EQUIPMENT - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Buildings and improvements	$ 118,840	$ 125,382
Furniture and equipment	55,890	57,674
Funeral home land	11,285	14,185
Property and equipment, gross	186,015	197,241
Less: Accumulated depreciation	(94,123)	(93,841)
Property and equipment, net of accumulated depreciation	$ 91,892	$ 103,400

PROPERTY AND EQUIPMENT - Additi

PROPERTY AND EQUIPMENT - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property Plant And Equipment [Abstract]
Depreciation expense	$ 2	$ 2.4	$ 4.2	$ 4.8

MERCHANDISE TRUSTS - Additional

MERCHANDISE TRUSTS - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)security	Jun. 30, 2019USD ($)security	Dec. 31, 2019USD ($)
West Virginia Trust Receivable
Schedule Of Available For Sale Securities [Line Items]
Trust assets, fair value	$ 9,300		$ 9,700
Merchandise Trusts
Schedule Of Available For Sale Securities [Line Items]
Percentage of VIE for cancellable state	51.40%
Merchandise Trusts | Variable Interest Entity, Primary Beneficiary
Schedule Of Available For Sale Securities [Line Items]
Trust assets, fair value	$ 484,308		523,865
Purchases of available for sale securities	23,000	$ 29,100
Sales, maturities and paydowns of available for sale securities	25,500	19,900
Other than temporary impairments loss	$ 1,655	$ 2,314
Merchandise Trusts | Variable Interest Entity, Primary Beneficiary | Other Than Temporarily Impaired Securities
Schedule Of Available For Sale Securities [Line Items]
Number of securities that incurred other than temporary impairment losses | security	2	89
Trust assets, cost	$ 16,800	$ 91,900
Trust assets, fair value	15,100	89,600
Other than temporary impairments loss	1,700	$ 2,300
Merchandise Trusts | West Virginia Trust Receivable | Variable Interest Entity, Primary Beneficiary
Schedule Of Available For Sale Securities [Line Items]
Trust assets, fair value	$ 9,293		$ 9,651

MERCHANDISE TRUSTS - Reconcilia

MERCHANDISE TRUSTS - Reconciliation of Merchandise Trust Activities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Schedule Of Available For Sale Securities [Line Items]
Balance, beginning of period	$ 517,192
Less: Assets held for sale	(31,751)		$ (23,858)
Balance, end of period	472,500
Variable Interest Entity, Primary Beneficiary | Merchandise Trusts
Schedule Of Available For Sale Securities [Line Items]
Balance, beginning of period	517,192	$ 488,248
Contributions	22,779	27,075
Distributions	(37,385)	(30,938)
Interest and dividends	11,827	15,479
Capital gain distributions	289	168
Realized gains and losses, net	(516)	593
Other than temporary impairment	(1,655)	(2,314)
Taxes	471	(716)
Fees	(4,107)	(1,978)
Unrealized change in fair value	(24,589)	23,765
Total	484,306	519,382
Less: Assets held for sale	(11,806)
Balance, end of period	$ 472,500	$ 519,382

MERCHANDISE TRUSTS - Cost and M

MERCHANDISE TRUSTS - Cost and Market Value Associated with Assets Held in Merchandise Trusts (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
West Virginia Trust Receivable
Schedule Of Available For Sale Securities [Line Items]
Fair Value	$ 9,300	$ 9,700
Variable Interest Entity, Primary Beneficiary | Merchandise Trusts
Schedule Of Available For Sale Securities [Line Items]
Cost	501,015	515,680
Gross Unrealized Gains	27,413	11,346
Gross Unrealized Losses	(44,120)	(3,161)
Fair Value	484,308	523,865
Cost, Assets held for sale	(12,154)	(6,369)
Gross Unrealized Gains, Assets held for sale		(304)
Gross Unrealized Losses,Assets held for sale	346
Fair Value, Assets held for sale	(11,808)	(6,673)
Cost, Excluding assets held for sale	488,861	509,311
Gross Unrealized Gains, Excluding assets held for sale	27,413	11,042
Gross Unrealized Losses, Excluding assets held for sale	(43,774)	(3,161)
Fair Value, Excluding assets held for sale	472,500	517,192
Variable Interest Entity, Primary Beneficiary | Short-term investments | Merchandise Trusts | Level 1
Schedule Of Available For Sale Securities [Line Items]
Cost	104,706	144,610
Fair Value	104,706	144,610
Variable Interest Entity, Primary Beneficiary | Fixed maturities | Merchandise Trusts
Schedule Of Available For Sale Securities [Line Items]
Cost	37,413	1,239
Gross Unrealized Gains	3,190	20
Gross Unrealized Losses	(207)	(198)
Fair Value	40,396	1,061
Variable Interest Entity, Primary Beneficiary | Fixed maturities | Merchandise Trusts | U.S. governmental securities | Level 2
Schedule Of Available For Sale Securities [Line Items]
Cost	355	456
Gross Unrealized Gains	18	6
Gross Unrealized Losses	(72)	(65)
Fair Value	301	397
Variable Interest Entity, Primary Beneficiary | Fixed maturities | Merchandise Trusts | Corporate debt securities | Level 2
Schedule Of Available For Sale Securities [Line Items]
Cost	13,472	783
Gross Unrealized Gains	1,346	14
Gross Unrealized Losses	(126)	(133)
Fair Value	14,692	664
Variable Interest Entity, Primary Beneficiary | Fixed maturities | Merchandise Trusts | Other Debt Securities | Level 2
Schedule Of Available For Sale Securities [Line Items]
Cost	23,586
Gross Unrealized Gains	1,826
Gross Unrealized Losses	(9)
Fair Value	25,403
Variable Interest Entity, Primary Beneficiary | Mutual funds - debt securities | Merchandise Trusts | Level 1
Schedule Of Available For Sale Securities [Line Items]
Cost	22,786	67,801
Gross Unrealized Gains	458	1,857
Gross Unrealized Losses	(820)	(6)
Fair Value	22,424	69,652
Variable Interest Entity, Primary Beneficiary | Mutual funds - equity securities | Merchandise Trusts | Level 1
Schedule Of Available For Sale Securities [Line Items]
Cost	46,039	46,609
Gross Unrealized Gains	2,367	1,744
Gross Unrealized Losses	(17,283)
Fair Value	31,123	48,353
Variable Interest Entity, Primary Beneficiary | Other investment funds | Merchandise Trusts
Schedule Of Available For Sale Securities [Line Items]
Cost	230,105	213,024
Gross Unrealized Gains	19,853	6,366
Gross Unrealized Losses	(13,618)	(2,953)
Fair Value	236,340	216,437
Variable Interest Entity, Primary Beneficiary | Equity securities | Merchandise Trusts | Level 1
Schedule Of Available For Sale Securities [Line Items]
Cost	45,097	24,386
Gross Unrealized Gains	1,519	1,327
Gross Unrealized Losses	(11,971)	(4)
Fair Value	34,645	25,709
Variable Interest Entity, Primary Beneficiary | Other invested assets | Merchandise Trusts | Level 2
Schedule Of Available For Sale Securities [Line Items]
Cost	5,355	8,360
Gross Unrealized Gains	26	32
Fair Value	5,381	8,392
Variable Interest Entity, Primary Beneficiary | Total investments | Merchandise Trusts
Schedule Of Available For Sale Securities [Line Items]
Cost	491,501	506,029
Gross Unrealized Gains	27,413	11,346
Gross Unrealized Losses	(43,899)	(3,161)
Fair Value	475,015	514,214
Variable Interest Entity, Primary Beneficiary | West Virginia Trust Receivable | Merchandise Trusts
Schedule Of Available For Sale Securities [Line Items]
Cost	9,514	9,651
Gross Unrealized Losses	(221)
Fair Value	$ 9,293	$ 9,651

MERCHANDISE TRUSTS - Cost and_2

MERCHANDISE TRUSTS - Cost and Market Value Associated with Assets Held in Merchandise Trusts (Parenthetical) (Detail) - Merchandise Trusts - Variable Interest Entity, Primary Beneficiary $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)Extension	Dec. 31, 2019USD ($)Extension
Schedule Of Available For Sale Securities [Line Items]
Number of potential lockup period extensions | Extension	3	3
Lockup extension period	1 year	1 year
Unfunded investment commitments to private credit funds, callable at any time | $	$ 45.9	$ 57.3
Minimum
Schedule Of Available For Sale Securities [Line Items]
Fixed income funds and equity funds, redemption period	1 day	1 day
Private credit funds, lockup periods	0 years	1 year
Maximum
Schedule Of Available For Sale Securities [Line Items]
Fixed income funds and equity funds, redemption period	30 days	30 days
Private credit funds, lockup periods	6 years	6 years

MERCHANDISE TRUSTS - Contractua

MERCHANDISE TRUSTS - Contractual Maturities of Debt Securities Held in Merchandise Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Merchandise Trusts - Fixed maturities - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	$ 19,858	$ 213
1 year through 5 years	16,045	624
6 years through 10 years	4,481	209
More than 10 years	12	13
U.S. governmental securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year		112
1 year through 5 years	110	78
6 years through 10 years	179	193
More than 10 years	12	13
Corporate debt securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	3,824	101
1 year through 5 years	6,566	546
6 years through 10 years	4,302	$ 16
Other Debt Securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	16,034
1 year through 5 years	$ 9,369

MERCHANDISE TRUSTS - Aging of U

MERCHANDISE TRUSTS - Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Merchandise Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Merchandise Trusts - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses	$ 41,976	$ 2,993
12 Months or more Unrealized Losses	1,923	168
Total Unrealized Losses	43,899	3,161
Less than 12 months Fair Value	175,391	55,314
12 Months or more Fair Value	803	821
Total Fair Value	176,194	56,135
Fixed maturities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses	15	30
12 Months or more Unrealized Losses	192	168
Total Unrealized Losses	207	198
Less than 12 months Fair Value	8,890	288
12 Months or more Fair Value	803	821
Total Fair Value	9,693	1,109
Fixed maturities | U.S. governmental securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses		1
12 Months or more Unrealized Losses	72	64
Total Unrealized Losses	72	65
Less than 12 months Fair Value	29	90
12 Months or more Fair Value	300	397
Total Fair Value	329	487
Fixed maturities | Corporate debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses	6	29
12 Months or more Unrealized Losses	120	104
Total Unrealized Losses	126	133
Less than 12 months Fair Value	2,087	198
12 Months or more Fair Value	503	424
Total Fair Value	2,590	622
Fixed maturities | Other Debt Securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses	9
Total Unrealized Losses	9
Less than 12 months Fair Value	6,774
Total Fair Value	6,774
Mutual funds - debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses	472	6
12 Months or more Unrealized Losses	348
Total Unrealized Losses	820	6
Less than 12 months Fair Value	11,436	241
Total Fair Value	11,436	241
Mutual funds - equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses	15,900
12 Months or more Unrealized Losses	1,383
Total Unrealized Losses	17,283
Less than 12 months Fair Value	25,533
Total Fair Value	25,533
Other investment funds
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses	13,618	2,953
Total Unrealized Losses	13,618	2,953
Less than 12 months Fair Value	99,890	54,782
Total Fair Value	99,890	54,782
Equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Unrealized Losses	11,971	4
Total Unrealized Losses	11,971	4
Less than 12 months Fair Value	29,642	3
Total Fair Value	$ 29,642	$ 3

PERPETUAL CARE TRUSTS - Reconci

PERPETUAL CARE TRUSTS - Reconciliation of Perpetual Care Trust Activities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	$ 343,619
Less: Assets held for sale	(31,751)		$ (23,858)
Balance, end of period	298,221
Variable Interest Entity, Primary Beneficiary | Perpetual care trusts
Debt Securities, Available-for-sale [Line Items]
Balance, beginning of period	343,619	$ 330,562
Contributions	3,616	3,668
Distributions	(27,765)	(12,461)
Interest and dividends	11,279	10,480
Capital gain distributions	318	250
Realized gains and losses, net	(831)	1,019
Other than temporary impairment	(930)	(713)
Taxes	(86)	(555)
Fees	(912)	(1,574)
Unrealized change in fair value	(23,454)	12,632
Total	304,854	343,308
Less: Assets held for sale	(6,633)
Balance, end of period	$ 298,221	$ 343,308

PERPETUAL CARE TRUSTS - Additio

PERPETUAL CARE TRUSTS - Additional Information (Detail) - Variable Interest Entity, Primary Beneficiary - Perpetual care trusts $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)security	Jun. 30, 2019USD ($)security
Debt Securities, Available-for-sale [Line Items]
Purchases of available for sale securities	$ 9,300	$ 37,200
Sales, maturities and paydowns of available for sale securities	22,000	25,900
Other than temporary impairments loss	$ 930	$ 713
Other Than Temporarily Impaired Securities
Debt Securities, Available-for-sale [Line Items]
Number of securities that incurred other than temporary impairment losses | security	2	66
Trust assets, cost	$ 9,400	$ 29,200
Trust assets, fair value	8,500	28,500
Other than temporary impairments loss	$ 900	$ 700

PERPETUAL CARE TRUSTS - Cost an

PERPETUAL CARE TRUSTS - Cost and Market Value Associated with Assets Held in Perpetual Care Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Perpetual care trusts - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Cost, Assets held for sale	$ (7,923)	$ (2,416)
Gross Unrealized Gains, Assets held for sale		(54)
Gross Unrealized Losses,Assets held for sale	1,290
Fair Value, Assets held for sale	(6,633)	(2,470)
Cost, Excluding assets held for sale	311,252	334,486
Gross Unrealized Gains, Excluding assets held for sale	16,500	14,915
Gross Unrealized Losses, Excluding assets held for sale	(29,531)	(5,782)
Fair Value, Excluding assets held for sale	298,221	343,619
Short-term investments | Level 1
Debt Securities, Available-for-sale [Line Items]
Cost	14,279	50,358
Fair Value	14,279	50,358
Fixed maturities
Debt Securities, Available-for-sale [Line Items]
Cost	5,301	3,089
Gross Unrealized Gains	408	54
Gross Unrealized Losses	(187)	(194)
Fair Value	5,522	2,949
Fixed maturities | Level 2 | U.S. governmental securities
Debt Securities, Available-for-sale [Line Items]
Cost	1,017	1,069
Gross Unrealized Gains	70	32
Gross Unrealized Losses	(50)	(52)
Fair Value	1,037	1,049
Fixed maturities | Level 2 | Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Cost	3,213	2,020
Gross Unrealized Gains	213	22
Gross Unrealized Losses	(137)	(142)
Fair Value	3,289	1,900
Fixed maturities | Level 2 | Other Debt Securities
Debt Securities, Available-for-sale [Line Items]
Cost	1,071
Gross Unrealized Gains	125
Fair Value	1,196
Mutual funds - debt securities | Level 1
Debt Securities, Available-for-sale [Line Items]
Cost	17,018	49,963
Gross Unrealized Gains	231	1,439
Gross Unrealized Losses	(568)	(38)
Fair Value	16,681	51,364
Mutual funds - equity securities | Level 1
Debt Securities, Available-for-sale [Line Items]
Cost	16,617	16,698
Gross Unrealized Gains	1,500	1,617
Gross Unrealized Losses	(4,368)	(66)
Fair Value	13,749	18,249
Other investment funds
Debt Securities, Available-for-sale [Line Items]
Cost	230,150	186,355
Gross Unrealized Gains	14,067	10,526
Gross Unrealized Losses	(14,000)	(5,472)
Fair Value	230,217	191,409
Equity securities | Level 1
Debt Securities, Available-for-sale [Line Items]
Cost	35,794	30,423
Gross Unrealized Gains	293	1,333
Gross Unrealized Losses	(11,698)	(12)
Fair Value	24,389	31,744
Other invested assets | Level 2
Debt Securities, Available-for-sale [Line Items]
Cost	16	16
Gross Unrealized Gains	1
Fair Value		16
Fair Value	17
Total Investments
Debt Securities, Available-for-sale [Line Items]
Cost	319,175	336,902
Gross Unrealized Gains	16,500	14,969
Gross Unrealized Losses	(30,821)	(5,782)
Fair Value	$ 304,854	$ 346,089

PERPETUAL CARE TRUSTS - Cost _2

PERPETUAL CARE TRUSTS - Cost and Market Value Associated with Assets Held in Perpetual Care Trusts (Parenthetical) (Detail) - Perpetual care trusts - Variable Interest Entity, Primary Beneficiary $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)Extension	Dec. 31, 2019USD ($)Extension
Debt Securities, Available-for-sale [Line Items]
Number of potential lockup period extensions | Extension	3	3
Lockup extension period	1 year	1 year
Unfunded investment commitments to private credit funds, callable at any time | $	$ 53.1	$ 62.4
Minimum
Debt Securities, Available-for-sale [Line Items]
Fixed income funds and equity funds, redemption period	1 day	1 day
Private credit funds, lockup periods	0 years	1 year
Maximum
Debt Securities, Available-for-sale [Line Items]
Fixed income funds and equity funds, redemption period	30 days	30 days
Private credit funds, lockup periods	6 years	7 years

PERPETUAL CARE TRUSTS - Contrac

PERPETUAL CARE TRUSTS - Contractual Maturities of Debt Securities Held in Perpetual Care Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Perpetual care trusts - Fixed maturities - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	$ 1,054	$ 354
1 year through 5 years	2,817	1,714
6 years through 10 years	1,585	768
More than 10 years	66	114
U.S. governmental securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	25	60
1 year through 5 years	286	192
6 years through 10 years	660	684
More than 10 years	66	114
Corporate debt securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	402	294
1 year through 5 years	1,962	1,522
6 years through 10 years	925	$ 84
Other Debt Securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	627
1 year through 5 years	$ 569

PERPETUAL CARE TRUSTS - Aging o

PERPETUAL CARE TRUSTS - Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Perpetual Care Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Perpetual care trusts - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 147,829	$ 57,723
12 Months or more Fair Value	2,852	2,829
Total Fair Value	150,681	60,552
Less than 12 months Unrealized Losses	30,265	5,638
12 Months or more Unrealized Losses	556	144
Total Unrealized Losses	30,821	5,782
Fixed maturities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	533	754
12 Months or more Fair Value	2,834	2,829
Total Fair Value	3,367	3,583
Less than 12 months Unrealized Losses	1	50
12 Months or more Unrealized Losses	186	144
Total Unrealized Losses	187	194
Fixed maturities | U.S. governmental securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	122	291
12 Months or more Fair Value	998	942
Total Fair Value	1,120	1,233
Less than 12 months Unrealized Losses		4
12 Months or more Unrealized Losses	50	48
Total Unrealized Losses	50	52
Fixed maturities | Corporate debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	411	463
12 Months or more Fair Value	1,836	1,887
Total Fair Value	2,247	2,350
Less than 12 months Unrealized Losses	1	46
12 Months or more Unrealized Losses	136	96
Total Unrealized Losses	137	142
Mutual funds - debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	9,847	2,856
12 Months or more Fair Value	2
Total Fair Value	9,849	2,856
Less than 12 months Unrealized Losses	423	38
12 Months or more Unrealized Losses	145
Total Unrealized Losses	568	38
Mutual funds - equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	7,289	566
12 Months or more Fair Value	6
Total Fair Value	7,295	566
Less than 12 months Unrealized Losses	4,164	66
12 Months or more Unrealized Losses	204
Total Unrealized Losses	4,368	66
Other investment funds
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	106,608	53,426
Total Fair Value	106,608	53,426
Less than 12 months Unrealized Losses	14,000	5,472
Total Unrealized Losses	14,000	5,472
Equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	23,552	121
12 Months or more Fair Value	10
Total Fair Value	23,562	121
Less than 12 months Unrealized Losses	11,677	12
12 Months or more Unrealized Losses	21
Total Unrealized Losses	$ 11,698	$ 12

LONG-TERM DEBT - Outstanding De

LONG-TERM DEBT - Outstanding Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Less deferred financing costs, net of accumulated amortization	$ (16,838)	$ (12,856)
Total debt	323,329	368,337
Less current maturities	(1,291)	(374)
Total long-term debt	322,038	367,963
9.875%/11.500% Senior Secured PIK Toggle Notes, due June 2024
Debt Instrument [Line Items]
Long-term debt, gross	338,778	380,619
Insurance and vehicle financing
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,389	$ 574

LONG-TERM DEBT - Outstanding _2

LONG-TERM DEBT - Outstanding Debt (Parenthetical) (Detail) - Private Placement	Jun. 30, 2020	Dec. 31, 2019
9.875% notes, due 2024
Debt Disclosure [Line Items]
Long-term debt, interest rate	9.875%	9.875%
11.500% notes, due 2024
Debt Disclosure [Line Items]
Long-term debt, interest rate	11.50%	11.50%

LONG-TERM DEBT - Additional Inf

LONG-TERM DEBT - Additional Information (Detail)	Apr. 01, 2020	Jun. 27, 2019USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020USD ($)
Debt Disclosure [Line Items]
Amortization of deferred financing fees			$ 1,000,000			$ 2,000,000	$ 1,800,000	$ 3,400,000
Write off unamortized deferred financing fees						$ 6,900,000		$ 6,900,000
Senior Secured Notes
Debt Disclosure [Line Items]
Interest payable, Description		Interest is payable quarterly in arrears on the 30th day of each March, June, September and December, commencing September 30, 2019.
Maturity date		Jun. 30, 2024
Interest payable option, Description		The Senior Secured Notes will require cash interest payments at 9.875% for all interest periods after January 30, 2022.
Applicable interest rate on united states treasury securities		0.50%
Redemptions from asset dispositions		$ 55,000,000
Debt instrument redemption price percentage		2.00%
Redemption of senior secured notes			51,700,000				51,700,000
Percentage of excess cash flow		75.00%
Minimum operating cash flow amount			(35,000)				$ (35,000)
Debt covenant, aggregate amount of capital expenditures					$ 20,000,000
Debt covenant, unrestricted cash and unrestricted permitted investments			$ 12,500,000	$ 12,500,000
Debt covenant, consolidated asset coverage ratio			1.60				1.60
Uncured period							15 days
Covenant compliance, percentage							25.00%
Percentage of consolidated revenue							15.00%
Debt instrument, revenue covenant							$ 30,000,000
Revenue - cure period							30 days
Interest rate increase percentage							13.50%
Consent fee paid							$ 5,000,000
Cash payment of consent fee							3,500,000
Consent fee paid in kind							$ 1,500,000
Senior Secured Notes | Maximum
Debt Disclosure [Line Items]
Debt instrument redemption price percentage	11.50%
Debt covenant, consolidated asset coverage ratio			1.40				1.40
Senior Secured Notes | Minimum
Debt Disclosure [Line Items]
Debt instrument redemption price percentage	9.875%
Debt instrument, acceleration of or failure to pay			$ 5,000,000				$ 5,000,000
Senior Secured Notes | Forecast
Debt Disclosure [Line Items]
Minimum operating cash flow amount											$ (35,000)
Debt covenant, consolidated asset coverage ratio										1.40
Senior Secured Notes | Forecast | Maximum
Debt Disclosure [Line Items]
Debt covenant, consolidated asset coverage ratio									1.60	1.40	1.40
Senior Secured Notes | Redeemed Before June 27, 2021
Debt Disclosure [Line Items]
Debt instrument redemption price percentage		4.00%
Senior Secured Notes | Redemption Date Through June 27, 2021
Debt Disclosure [Line Items]
Debt instrument redemption price percentage		11.50%
Senior Secured Notes | Redeemed On Or After June 27, 2021 and Before June 27, 2022
Debt Disclosure [Line Items]
Debt instrument redemption price percentage		5.00%
Senior Secured Notes | Redeemed On Or After June 27, 2021 and Before June 27, 2022 | Maximum
Debt Disclosure [Line Items]
Debt instrument redemption price percentage	5.00%
Senior Secured Notes | Redeemed On Or After June 27, 2021 and Before June 27, 2022 | Minimum
Debt Disclosure [Line Items]
Debt instrument redemption price percentage	4.00%
Senior Secured Notes | Redeemed On Or After June 27, 2022 and Before June 27, 2023
Debt Disclosure [Line Items]
Debt instrument redemption price percentage		3.00%
Senior Secured Notes | Redeemed On Or After June 27, 2022 and Before June 27, 2023 | Maximum
Debt Disclosure [Line Items]
Debt instrument redemption price percentage	3.00%
Senior Secured Notes | Redeemed On Or After June 27, 2022 and Before June 27, 2023 | Minimum
Debt Disclosure [Line Items]
Debt instrument redemption price percentage	2.00%
Senior Secured Notes | Redeemed On Or After June 27, 2023
Debt Disclosure [Line Items]
Debt premium percentage		0.00%
Senior Secured Notes | In Cash
Debt Disclosure [Line Items]
Long-term debt, interest rate		9.875%
Senior Secured Notes | Option Through January 30, 2022 - In Cash
Debt Disclosure [Line Items]
Long-term debt, interest rate		7.50%	7.50%				7.50%
Senior Secured Notes | Option Through January 30, 2022 - Payable in Kind
Debt Disclosure [Line Items]
Long-term debt, interest rate		4.00%	4.00%				4.00%
Senior Secured Notes | Private Placement
Debt Disclosure [Line Items]
Long-term debt, principal amount		$ 385,000,000
Gross proceeds from the sale of the senior secured notes		371,500,000
Long-term debt, debt issuance costs		$ 7,000,000

LONG-TERM DEBT - Schedule of Co

LONG-TERM DEBT - Schedule of Consolidated Interest Coverage Ratio (Detail) - Senior Secured Notes	Jun. 30, 2020	Apr. 01, 2020	Mar. 31, 2020
December 31, 2020
Debt Instrument [Line Items]
Consolidated interest coverage ratio		0	1.15
December 31, 2020 | Maximum
Debt Instrument [Line Items]
Consolidated interest coverage ratio	0
March 31, 2021
Debt Instrument [Line Items]
Consolidated interest coverage ratio		0.75	1.25
March 31, 2021 | Maximum
Debt Instrument [Line Items]
Consolidated interest coverage ratio	0.75
June 30, 2021
Debt Instrument [Line Items]
Consolidated interest coverage ratio		1.10	1.30
June 30, 2021 | Maximum
Debt Instrument [Line Items]
Consolidated interest coverage ratio	1.10
September 30, 2021 | Maximum
Debt Instrument [Line Items]
Consolidated interest coverage ratio	1.35
December 31, 2021 | Maximum
Debt Instrument [Line Items]
Consolidated interest coverage ratio	1.45
March 31, 2022 and each quarter end thereafter | Maximum
Debt Instrument [Line Items]
Consolidated interest coverage ratio	1.50

OWNERS' EQUITY - Additional Inf

OWNERS' EQUITY - Additional Information (Detail) $ / shares in Units, $ in Millions	Dec. 18, 2019Installment$ / sharesshares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)	May 05, 2020shares	Dec. 31, 2019$ / sharesshares
Equity [Line Items]
Common stock, par value | $ / shares		$ 0.01		$ 0.01			$ 0.01
Preferred stock, par value | $ / shares		$ 0.01		$ 0.01
Common stock, shares issued		117,794,520		117,794,520			94,447,356
Common stock, shares outstanding		117,794,520		117,794,520			94,447,356
Preferred stock, shares issued		0		0
Preferred stock, shares outstanding		0		0
Common Stock available for issuance		82,205,480		82,205,480		1,375,000
Preferred Stock available for issuance		10,000,000		10,000,000
Unrecognized compensation cost related to unvested stock options | $		$ 1.5		$ 1.5
Share-based Compensation, remaining weighted average period				2 years 6 months
Non-qualified Stock Options
Equity [Line Items]
Non-cash stock compensation expense | $		0.1		$ 0.3
Non-qualified Stock Options | Senior Management
Equity [Line Items]
Share-based compensation, options granted	5,500,000
Share-based compensation arrangements by share-based payment award, options exercise price | $ / shares	$ 1.20
Number of equal annual installments | Installment	3
Share-based compensation arrangement by share-based payment award, options vesting commencing date	Dec. 18, 2020
Share-based compensation, expected weighted-average service period	3 years
Phantom Unit And Restricted Unit Awards
Equity [Line Items]
Non-cash stock compensation expense | $		0.2	$ 2.3	$ 0.4	$ 2.6
Share-based Compensation, remaining weighted average period				2 years
Unamortised compensation cost related to unvested restricted stock awards | $		$ 1.4		$ 1.4
Maximum | Non-qualified Stock Options | Senior Management
Equity [Line Items]
Share-based compensation, option awards expiration	10 years
Long-term Incentive Plan
Equity [Line Items]
Common Stock available for issuance		2,472,179		2,472,179
Long-Term Incentive Plan, common units permitted for grant (in shares)		9,875,000		9,875,000

OWNERS' EQUITY - Stock Options

OWNERS' EQUITY - Stock Options Activity (Detail)	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Stock Options, beginning of period (in shares) | shares	5,500,000
Number of Stock Options, Options forfeited (in shares) | shares	(225,000)
Number of Stock Options, end of period (in shares) | shares	5,275,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, beginning of period	$ 0.34
Weighted Average Grant Date Fair Value, Options forfeited	0.34
Weighted Average Grant Date Fair Value, end of period	0.34
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted Average Exercise Price, beginning of period	1.20
Weighted Average Exercise Price, Options forfeited	1.20
Weighted Average Exercise Price, end of period	$ 1.20

OWNERS' EQUITY - Assumptions in

OWNERS' EQUITY - Assumptions in Fair Value of Stock Options Granted (Detail) - $ / shares	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Equity [Abstract]
Expected dividend yield	0.00%
Expected volatility	23.41%
Expected term (years)	6 years
Risk-free interest rate	1.78%
Exercise price per stock option	$ 1.20	$ 1.20
Market price per share	1.23
Weighted average fair value per stock option	$ 0.34	$ 0.34

OWNERS' EQUITY - Phantom and Re

OWNERS' EQUITY - Phantom and Restricted Unit Awards (Detail) - Phantom Unit And Restricted Unit Awards	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Total non-vested at December,31, 2019 (in shares) | shares	559,218
Units issued (in shares) | shares	54,881
Units vested (in shares) | shares	(93,750)
Total non-vested at June 30, 2020 (in shares) | shares	520,349
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Total non-vested at December 31, 2019 | $ / shares	$ 3.67
Units issued | $ / shares	0.73
Units vested | $ / shares	3.88
Total non-vested at June 30, 2020 | $ / shares	$ 3.32

DEFERRED REVENUES AND COSTS - A

DEFERRED REVENUES AND COSTS - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenue, practical expedient, incremental cost of obtaining contract [true false]	false
Customer contract liabilities, revenue recognized	$ 34.7	$ 41

DEFERRED REVENUES AND COSTS - S

DEFERRED REVENUES AND COSTS - Schedule of Deferred Revenue and Other Costs (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Deferred contract revenues	$ 829,390	$ 837,190
Deferred merchandise trust revenue	97,841	104,304
Deferred merchandise trust unrealized gains (losses)	(16,361)	7,881
Deferred revenues	910,870	949,375
Deferred selling and obtaining costs	$ 115,401	$ 114,944

DEFERRED REVENUES AND COSTS -_2

DEFERRED REVENUES AND COSTS - Schedule of Customer Contract Liabilities, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Customer contract liabilities, gross	$ 934,044	$ 974,927
Amounts due from customers for unfulfilled performance obligations on cancellable pre-need contracts	(23,174)	(25,552)
Customer contract liabilities, net	$ 910,870	$ 949,375

DEFERRED REVENUES AND COSTS - R

DEFERRED REVENUES AND COSTS - Revenue, Remaining Performance Obligation (Detail)	Jun. 30, 2020
First 4-5years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	55.00%
Within 18 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, percentage	80.00%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) - Second Quarter Twenty Fourteen Acquisition $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Commitments And Contingencies [Line Items]
Aggregate fixed rent payment to landlord	$ 36
Deferred fixed rent	$ 6
Minimum
Commitments And Contingencies [Line Items]
Fixed rent for lease term deferred	6 years
Maximum
Commitments And Contingencies [Line Items]
Fixed rent for lease term deferred	11 years

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Fixed Rent for Cemeteries (Detail) - Two Thousand Fourteen Acquisitions Member $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Lease Years 1-5
Management Agreement Future Minimum Payments Due [Line Items]
Ground Lease Payments Per Year	$ 0
Lease Years 6-20
Management Agreement Future Minimum Payments Due [Line Items]
Ground Lease Payments Per Year	1,000,000
Lease Years 21-25
Management Agreement Future Minimum Payments Due [Line Items]
Ground Lease Payments Per Year	1,200,000
Lease Years 26- 35
Management Agreement Future Minimum Payments Due [Line Items]
Ground Lease Payments Per Year	1,500,000
Lease Years 36-60
Management Agreement Future Minimum Payments Due [Line Items]
Ground Lease Payments Per Year	$ 0

LEASES - Additional Information

LEASES - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Lessee Lease Description [Line Items]
Number of sale-leaseback related to warehouses	one
Lease renewal term description	Certain leases provide the Company with the option to renew for additional periods, with renewal terms that can extend the lease term for periods ranging from 1 to 30 years.
Operating lease weighted-average discount rate	10.00%
Finance lease weighted-average discount rate	8.50%
Operating lease payments	$ 2.1
Residual value guarantees	$ 1.9
Operating lease, weighted average remaining lease term	6 years 9 months 18 days
Finance lease, weighted average remaining lease term	2 years 4 months 24 days
Minimum
Lessee Lease Description [Line Items]
Lease renewal term	1 year
Maximum
Lessee Lease Description [Line Items]
Lease renewal term	30 years

LEASES - Schedule of Components

LEASES - Schedule of Components of Leases (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets:
Operating	$ 8,289	$ 10,570
Finance	4,873	5,685
Total ROU assets	13,162	16,255
Current Liabilities:
Operating	1,821	2,022
Finance	1,215	1,200
Long-term
Operating	9,257	11,495
Finance	3,551	4,302
Total lease liabilities	$ 15,844	$ 19,019

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Finance lease costs
Net lease costs	$ 2,428	$ 2,709
Depreciation and Amortization
Finance lease costs
Amortization of leased assets	606	640
General and Administrative Expense
Lease cost
Operating lease costs	1,597	1,831
Interest Expense
Finance lease costs
Interest on lease liabilities	$ 225	$ 238

LEASES - Components of Lease _2

LEASES - Components of Lease Expense (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2020
Maximum
Lessee Lease Description [Line Items]
Term of short term lease	one month

LEASES - Schedule of Maturities

LEASES - Schedule of Maturities the Company's of Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating
2019		$ 3,283
2020	$ 1,474
2021	2,559	2,783
2022	2,144	2,455
2023	1,868	2,190
2024	1,728	2,046
Thereafter	5,729	6,348
Total	15,502	19,105
Less: Interest	(4,424)	(5,588)
Present value of lease liabilities	11,078	13,517
Finance
2019		1,759
2020	828
2021	1,828	1,838
2022	2,010	2,026
2023	702	708
2024	99	106
Total	5,467	6,437
Less: Interest	(701)	(935)
Present value of lease liabilities	$ 4,766	$ 5,502

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS - Additional Information (Detail) - Senior Secured Notes - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, fair value	$ 335.6	$ 383.2
Notes payable, carrying value	$ 349.6	$ 392.8

SUPPLEMENTAL CONDENSED CONSOL_3

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Additional Information (Detail)	Jun. 30, 2020	Dec. 31, 2019
StoneMor Operating LLC
Schedule Of Condensed Financial Information Of Subsidiaries [Line Items]
Ownership percentage subsidiaries by the parent	100.00%	100.00%

SUPPLEMENTAL CONDENSED CONSOL_4

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents, excluding restricted cash	$ 42,862		$ 34,867
Restricted cash	20,698		21,900
Assets held for sale	31,751		23,858
Other current assets	74,470		77,714
Total current assets	169,781		158,339
Long-term accounts receivable	73,106		75,549
Cemetery and funeral home property and equipment	395,394		424,005
Merchandise trusts	472,500		517,192
Perpetual care trusts	298,221		343,619
Deferred selling and obtaining costs	115,401		114,944
Intangible assets	55,652		56,246
Other assets	25,995		29,474
Total assets	1,606,050		1,719,368
Liabilities and Owners' Equity
Current liabilities	75,300		76,301
Long-term debt, net of deferred financing costs	322,038		367,963
Deferred revenues	910,870		949,375
Perpetual care trust corpus	298,221		343,619
Other long-term liabilities	79,330		84,600
Total liabilities	1,685,759		1,821,858
Owners' equity	(79,709)	$ (93,112)	(102,490)
Total liabilities and owners' equity	1,606,050		1,719,368
Parent
Liabilities and Owners' Equity
Investments in and amounts due to affiliates eliminated upon consolidation	79,709		102,490
Total liabilities	79,709		102,490
Owners' equity	(79,709)		(102,490)
Partnership
Current assets:
Investments in and amounts due from affiliates eliminated upon consolidation	263,960		301,531
Total assets	263,960		301,531
Liabilities and Owners' Equity
Long-term debt, net of deferred financing costs	263,960		301,531
Investments in and amounts due to affiliates eliminated upon consolidation	79,709		102,490
Total liabilities	343,669		404,021
Owners' equity	(79,709)		(102,490)
Total liabilities and owners' equity	263,960		301,531
CFS West Virginia
Current assets:
Other current assets	3,562		3,497
Total current assets	3,562		3,497
Long-term accounts receivable	2,365		2,557
Cemetery and funeral home property and equipment	529		609
Deferred selling and obtaining costs	5,785		5,654
Total assets	12,241		12,317
Liabilities and Owners' Equity
Current liabilities	205		161
Long-term debt, net of deferred financing costs	55,981		66,239
Deferred revenues	33,092		33,349
Investments in and amounts due to affiliates eliminated upon consolidation	170,019		183,611
Total liabilities	259,297		283,360
Owners' equity	(247,056)		(271,043)
Total liabilities and owners' equity	12,241		12,317
Guarantor Subsidiaries
Current assets:
Cash and cash equivalents, excluding restricted cash	39,747		33,553
Restricted cash	20,698		21,900
Assets held for sale	31,751		23,858
Other current assets	58,501		62,686
Total current assets	150,697		141,997
Long-term accounts receivable	60,158		63,124
Cemetery and funeral home property and equipment	362,525		391,626
Deferred selling and obtaining costs	91,102		91,243
Intangible assets	73		136
Other assets	23,340		26,907
Investments in and amounts due from affiliates eliminated upon consolidation	610,236		648,359
Total assets	1,298,131		1,363,392
Liabilities and Owners' Equity
Current liabilities	73,563		74,674
Long-term debt, net of deferred financing costs	2,097		193
Deferred revenues	763,409		802,528
Other long-term liabilities	62,590		68,227
Investments in and amounts due to affiliates eliminated upon consolidation	319,941		367,770
Total liabilities	1,221,600		1,313,392
Owners' equity	76,531		50,000
Total liabilities and owners' equity	1,298,131		1,363,392
Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents, excluding restricted cash	3,115		1,314
Other current assets	12,407		11,531
Total current assets	15,522		12,845
Long-term accounts receivable	10,583		9,868
Cemetery and funeral home property and equipment	32,340		31,770
Merchandise trusts	472,500		517,192
Perpetual care trusts	298,221		343,619
Deferred selling and obtaining costs	18,514		18,047
Intangible assets	55,579		56,110
Other assets	2,655		2,567
Total assets	905,914		992,018
Liabilities and Owners' Equity
Current liabilities	1,532		1,466
Deferred revenues	114,369		113,498
Perpetual care trust corpus	298,221		343,619
Other long-term liabilities	16,740		16,373
Investments in and amounts due to affiliates eliminated upon consolidation	526,515		567,666
Total liabilities	957,377		1,042,622
Owners' equity	(51,463)		(50,604)
Total liabilities and owners' equity	905,914		992,018
Eliminations
Current assets:
Investments in and amounts due from affiliates eliminated upon consolidation	(874,196)		(949,890)
Total assets	(874,196)		(949,890)
Liabilities and Owners' Equity
Investments in and amounts due to affiliates eliminated upon consolidation	(1,175,893)		(1,324,027)
Total liabilities	(1,175,893)		(1,324,027)
Owners' equity	301,697		374,137
Total liabilities and owners' equity	$ (874,196)		$ (949,890)

SUPPLEMENTAL CONDENSED CONSOL_5

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Condensed Consolidating Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Financial Statements Captions [Line Items]
Total revenues	$ 70,707		$ 78,495		$ 141,952	$ 149,964
Total costs and expenses	(70,883)		(85,254)		(143,639)	(166,086)
Gain on sale of businesses	7,034				31,120
Other losses	(2,169)		(3,429)		(2,169)	(3,429)
Interest expense	(12,095)		(9,346)		(24,379)	(22,517)
Loss on debt extinguishment			(8,478)			(8,478)
(Loss) income from operations before income taxes	(7,406)		(28,012)		2,885	(50,546)
Income tax benefit (expense)	3,492		(6,386)		2,204	(6,386)
Net (loss) income	(3,914)	$ 9,003	(34,398)	$ (22,534)	5,089	(56,932)
Parent
Condensed Financial Statements Captions [Line Items]
Net (loss) income from equity investment in subsidiaries	(3,914)		(30,577)		5,089	(51,753)
Interest expense			(2,883)			(4,241)
Loss on debt extinguishment			(938)			(938)
(Loss) income from operations before income taxes	(3,914)		(34,398)		5,089	(56,932)
Net (loss) income	(3,914)		(34,398)		5,089	(56,932)
Partnership
Condensed Financial Statements Captions [Line Items]
Net (loss) income from equity investment in subsidiaries	4,273				21,974
Interest expense	(8,187)				(16,885)
(Loss) income from operations before income taxes	(3,914)				5,089
Net (loss) income	(3,914)				5,089
CFS West Virginia
Condensed Financial Statements Captions [Line Items]
Total revenues	1,197		1,439		2,391	3,003
Total costs and expenses	(3,803)		(4,038)		(6,972)	(8,558)
Net (loss) income from equity investment in subsidiaries	(3,398)		(22,358)		9,187	(41,283)
Interest expense	(1,798)		(3,822)		(3,709)	(5,909)
Loss on debt extinguishment			(1,441)			(1,441)
(Loss) income from operations before income taxes	(7,802)		(30,220)		897	(54,188)
Net (loss) income	(7,802)		(30,220)		897	(54,188)
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Total revenues	58,703		65,749		118,401	125,501
Total costs and expenses	(57,161)		(66,980)		(116,145)	(132,915)
Gain on sale of businesses	7,034				31,120
Other losses	(2,169)		(1,346)		(2,169)	(1,346)
Interest expense	(1,814)		(2,369)		(3,196)	(11,825)
Loss on debt extinguishment			(6,099)			(6,099)
(Loss) income from operations before income taxes	4,593		(11,045)		28,011	(26,684)
Income tax benefit (expense)	3,492		(6,386)		2,204	(6,386)
Net (loss) income	8,085		(17,431)		30,215	(33,070)
Non-Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Total revenues	13,605		13,068		26,674	24,200
Total costs and expenses	(12,717)		(15,997)		(26,036)	(27,353)
Other losses			(2,083)			(2,083)
Interest expense	(296)		(272)		(589)	(542)
(Loss) income from operations before income taxes	592		(5,284)		49	(5,778)
Net (loss) income	592		(5,284)		49	(5,778)
Eliminations
Condensed Financial Statements Captions [Line Items]
Total revenues	(2,798)		(1,761)		(5,514)	(2,740)
Total costs and expenses	2,798		1,761		5,514	2,740
Net (loss) income from equity investment in subsidiaries	3,039		52,935		(36,250)	93,036
(Loss) income from operations before income taxes	3,039		52,935		(36,250)	93,036
Net (loss) income	$ 3,039		$ 52,935		$ (36,250)	$ 93,036

SUPPLEMENTAL CONDENSED CONSOL_6

SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Condensed Financial Statements Captions [Line Items]
Net cash used in (provided by) operating activities	$ 1,201	$ (31,572)
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales	44,545	(3,588)
Net cash provided by (used in) investing activities	44,545	(3,588)
Cash Flows From Financing Activities:
Proceeds from issuance of redeemable convertible preferred units, net		57,500
Net borrowings and repayments of debt	(51,682)	38,904
Other financing activities	(4,271)	(17,437)
Proceeds from issuance of Series A Preferred Stock	8,800
Proceeds from issuance of Common Stock	8,200
Net cash (used in) provided by financing activities	(38,953)	78,967
Net increase in cash, cash equivalents and restricted cash	6,793	43,807
Cash, cash equivalents and restricted cash—Beginning of period	56,767	18,147
Cash, cash equivalents and restricted cash—End of period	63,560	61,954
Parent
Cash Flows From Investing Activities:
Payments to affiliates	(17,000)	(57,500)
Net cash provided by (used in) investing activities	(17,000)	(57,500)
Cash Flows From Financing Activities:
Proceeds from issuance of redeemable convertible preferred units, net		57,500
Proceeds from issuance of Series A Preferred Stock	8,800
Proceeds from issuance of Common Stock	8,200
Net cash (used in) provided by financing activities	17,000	57,500
CFS West Virginia
Condensed Financial Statements Captions [Line Items]
Net cash used in (provided by) operating activities	33	197
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales	(8)	(173)
Net cash provided by (used in) investing activities	(8)	(173)
Cash Flows From Financing Activities:
Net borrowings and repayments of debt	(25)	(24)
Net cash (used in) provided by financing activities	(25)	(24)
Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Net cash used in (provided by) operating activities	18,309	(21,647)
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales	46,039	(3,216)
Net cash provided by (used in) investing activities	46,039	(3,216)
Cash Flows From Financing Activities:
Payments from affiliates	(3,594)	47,350
Net borrowings and repayments of debt	(51,491)	39,076
Other financing activities	(4,271)	(17,437)
Net cash (used in) provided by financing activities	(59,356)	68,989
Net increase in cash, cash equivalents and restricted cash	4,992	44,126
Cash, cash equivalents and restricted cash—Beginning of period	55,453	16,298
Cash, cash equivalents and restricted cash—End of period	60,445	60,424
Non-Guarantor Subsidiaries
Condensed Financial Statements Captions [Line Items]
Net cash used in (provided by) operating activities	3,453	28
Cash Flows From Investing Activities:
Cash paid for acquisitions and capital expenditures, net of proceeds from divestitures and asset sales	(1,486)	(199)
Net cash provided by (used in) investing activities	(1,486)	(199)
Cash Flows From Financing Activities:
Net borrowings and repayments of debt	(166)	(148)
Net cash (used in) provided by financing activities	(166)	(148)
Net increase in cash, cash equivalents and restricted cash	1,801	(319)
Cash, cash equivalents and restricted cash—Beginning of period	1,314	1,849
Cash, cash equivalents and restricted cash—End of period	3,115	1,530
Eliminations
Condensed Financial Statements Captions [Line Items]
Net cash used in (provided by) operating activities	(20,594)	(10,150)
Cash Flows From Investing Activities:
Payments to affiliates	17,000	57,500
Net cash provided by (used in) investing activities	17,000	57,500
Cash Flows From Financing Activities:
Payments from affiliates	3,594	(47,350)
Net cash (used in) provided by financing activities	$ 3,594	$ (47,350)

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020Segment
Segment Reporting [Abstract]
Number of reportable segments	2

SEGMENT INFORMATION - Segment I

SEGMENT INFORMATION - Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 70,707		$ 78,495		$ 141,952	$ 149,964
Depreciation and amortization	(2,334)		(2,716)		(4,793)	(5,473)
Operating income (loss)	4,689		(10,188)		27,264	(19,551)
Corporate overhead	(8,756)		(13,137)		(17,257)	(26,550)
Corporate depreciation and amortization	(226)		(198)		(442)	(405)
Gain on sale of businesses	7,034				31,120
Other losses	(2,169)		(3,429)		(2,169)	(3,429)
Interest expense	(12,095)		(9,346)		(24,379)	(22,517)
Loss on debt extinguishment			(8,478)			(8,478)
Income tax benefit (expense)	3,492		(6,386)		2,204	(6,386)
Net (loss) income	(3,914)	$ 9,003	(34,398)	$ (22,534)	5,089	(56,932)
Capital expenditures	1,718		2,935		3,791	4,838
Total assets	1,606,050				1,606,050		$ 1,719,368
Total assets held for sale	31,751				31,751		23,858
Total disposed assets	23,477				23,477		110
Cemetery
Segment Reporting Information [Line Items]
Revenues	58,932		65,628		116,998	123,538
Operating costs and expenses	(49,873)		(58,934)		(101,011)	(112,096)
Depreciation and amortization	(1,619)		(1,920)		(3,323)	(3,882)
Funeral Home
Segment Reporting Information [Line Items]
Revenues	11,775		12,867		24,954	26,426
Operating costs and expenses	(9,920)		(10,467)		(20,578)	(21,967)
Depreciation and amortization	(489)		(598)		(1,028)	(1,186)
Operating
Segment Reporting Information [Line Items]
Operating income (loss)	8,806		6,576		16,012	10,833
Operating | Cemetery
Segment Reporting Information [Line Items]
Operating income (loss)	7,440		4,774		12,664	7,560
Capital expenditures	1,357		2,921		2,545	3,811
Total assets	1,406,081				1,406,081		1,504,463
Total assets held for sale	26,091				26,091		20,819
Total disposed assets	20,445				20,445
Operating | Funeral Home
Segment Reporting Information [Line Items]
Operating income (loss)	1,366		1,802		3,348	3,273
Capital expenditures	7		6		17	982
Total assets	132,842				132,842		148,310
Total assets held for sale	5,660				5,660		3,039
Total disposed assets	3,032				3,032		110
Corporate
Segment Reporting Information [Line Items]
Capital expenditures	354		$ 8		1,229	$ 45
Total assets	$ 67,127				$ 67,127		$ 66,595

SUPPLEMENTAL CONSOLIDATED CAS_3

SUPPLEMENTAL CONSOLIDATED CASH FLOW INFORMATION - Schedule of Cash Flow, Supplemental Disclosures (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Accounts Receivable
Pre-need/at-need contract originations (sales on credit)	$ (56,337)	$ (51,323)
Cash receipts from sales on credit (post-origination)	48,103	42,712
Changes in accounts receivable, net of allowance	(8,234)	(8,611)
Deferrals:
Cash receipts from customer deposits at origination, net of refunds	74,613	72,283
Withdrawals of realized income from merchandise trusts during the period	5,163	4,596
Pre-need/at-need contract originations (sales on credit)	56,337	51,323
Undistributed merchandise trust investment earnings, net	(999)	7,924
Recognition:
Merchandise trust investment income, net withdrawn as of end of period	(3,456)	(4,405)
Recognized maturities of customer contracts collected as of end of period	(97,751)	(93,466)
Recognized maturities of customer contracts uncollected as of end of period	(14,244)	(23,129)
Changes in customer contract liabilities	$ 19,663	$ 15,126

RELATED PARTIES - Additional In

RELATED PARTIES - Additional Information (Details) - USD ($) $ in Millions	Jun. 19, 2020	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Debt amount issued by third party entity				$ 70
Axar | Common Stock Purchase Agreement
Related Party Transaction [Line Items]
Issuance of Series A Preferred Stock\units (in shares\units)	23,287,672	23,287,672
Stone Mor Inc
Related Party Transaction [Line Items]
Participation amount in debt issuance				30
Axar
Related Party Transaction [Line Items]
Participation amount in debt issuance				$ 20
Payless Holdings LLC | Stone Mor Inc
Related Party Transaction [Line Items]
Percentage of fair value trust owned		4.00%	4.00%	4.00%
Payless Holdings LLC | Axar | Mr. Axelrod, Chairman
Related Party Transaction [Line Items]
Equity owned percentage				30.00%
Axar
Related Party Transaction [Line Items]
Ownership interest of Partnership's outstanding common units			61.80%

SUBSEQUENT EVENTS - Additional

SUBSEQUENT EVENTS - Additional Information (Detail) - Axar - Subsequent Event	Jul. 31, 2020$ / shares
Subsequent Event [Line Items]
Amended proposal letter date	Jul. 28, 2020
Amended Proposal
Subsequent Event [Line Items]
Share price	$ 0.80