SEC Info - Stonemor Partners LP - ‘10-Q’ for 9/30/14

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    851K 
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     51K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     30K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     30K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     27K 
61: R1          Document and Entity Information                     HTML     47K 
47: R2          Condensed Consolidated Balance Sheet                HTML    132K 
58: R3          Condensed Consolidated Balance Sheet                HTML     27K 
                (Parenthetical)                                                  
63: R4          Condensed Consolidated Statement of Operations      HTML    114K 
82: R5          Condensed Consolidated Statement of Operations      HTML     27K 
                (Parenthetical)                                                  
49: R6          Condensed Consolidated Statement of Partners'       HTML     43K 
                Capital (Deficit)                                                
57: R7          Condensed Consolidated Statement of Cash Flows      HTML    154K 
42: R8          Nature of Operations, Basis of Presentation and     HTML     38K 
                Summary of Significant Accounting Policies                       
32: R9          Long-Term Accounts Receivable, Net of Allowance     HTML     40K 
83: R10         Cemetery Property                                   HTML     31K 
65: R11         Property and Equipment                              HTML     34K 
64: R12         Merchandise Trusts                                  HTML    124K 
70: R13         Perpetual Care Trusts                               HTML    109K 
71: R14         Goodwill and Intangible Assets                      HTML     51K 
68: R15         Long-Term Debt                                      HTML     45K 
72: R16         Income Taxes                                        HTML     34K 
59: R17         Deferred Cemetery Revenues, Net                     HTML     34K 
62: R18         Commitments and Contingencies                       HTML     34K 
67: R19         Partners' Capital                                   HTML     44K 
89: R20         Acquisitions                                        HTML    108K 
78: R21         Segment Information                                 HTML    183K 
53: R22         Fair Value Measurements                             HTML     95K 
66: R23         Nature of Operations, Basis of Presentation and     HTML     47K 
                Summary of Significant Accounting Policies                       
                (Policies)                                                       
55: R24         Long-Term Accounts Receivable, Net of Allowance     HTML     39K 
                (Tables)                                                         
24: R25         Property and Equipment (Tables)                     HTML     38K 
79: R26         Merchandise Trusts (Tables)                         HTML    196K 
86: R27         Goodwill and Intangible Assets (Tables)             HTML     48K 
37: R28         Long-Term Debt (Tables)                             HTML     38K 
36: R29         Deferred Cemetery Revenues, Net (Tables)            HTML     33K 
40: R30         Commitments and Contingencies (Tables)              HTML     30K 
41: R31         Partners' Capital (Tables)                          HTML     33K 
43: R32         Acquisitions (Tables)                               HTML     95K 
20: R33         Segment Information (Tables)                        HTML    174K 
76: R34         Fair Value Measurements (Tables)                    HTML     88K 
51: R35         Nature of Operations Basis of Presentation and      HTML     36K 
                Summary of Significant Accounting Policies -                     
                Additional Information (Detail)                                  
54: R36         Long-Term Accounts Receivable Net (Detail)          HTML     43K 
27: R37         Activity in Allowance for Contract Cancellations    HTML     36K 
                (Detail)                                                         
88: R38         Cemetery Property (Detail)                          HTML     31K 
13: R39         Major Classes of Property and Equipment (Detail)    HTML     40K 
44: R40         Property and Equipment - Additional Information     HTML     28K 
                (Detail)                                                         
81: R41         Merchandise Trusts - Additional Information         HTML     61K 
                (Detail)                                                         
26: R42         Cost and Market Value Associated with Assets Held   HTML     60K 
                in Merchandise Trusts (Detail)                                   
35: R43         Contractual Maturities of Debt Securities Held in   HTML     43K 
                Merchandise Trusts (Detail)                                      
39: R44         Aging of Unrealized Losses on Investments in Fixed  HTML     70K 
                Maturities and Equity Securities Held in                         
                Merchandise Trusts (Detail)                                      
48: R45         Reconciliation of Merchandise Trust Activities      HTML     46K 
                (Detail)                                                         
19: R46         Cost and Market Value Associated with Assets Held   HTML     56K 
                in Perpetual Care Trusts (Detail)                                
31: R47         Contractual Maturities of Debt Securities Held in   HTML     44K 
                Perpetual Care Trusts (Detail)                                   
15: R48         Aging of Unrealized Losses on Investments in Fixed  HTML     63K 
                Maturities and Equity Securities Held in Perpetual               
                Care Trusts (Detail)                                             
80: R49         Perpetual Care Trusts - Additional Information      HTML     54K 
                (Detail)                                                         
25: R50         Reconciliation of Perpetual Care Trust Activities   HTML     46K 
                (Detail)                                                         
77: R51         Goodwill by Reportable Segment (Detail)             HTML     33K 
28: R52         Major Classes of Intangible Assets (Detail)         HTML     39K 
45: R53         Goodwill and Intangible Assets - Additional         HTML     32K 
                Information (Detail)                                             
14: R54         Outstanding Debt (Detail)                           HTML     42K 
18: R55         Outstanding Debt (Parenthetical) (Detail)           HTML     33K 
38: R56         Long Term Debt - Additional Information (Detail)    HTML    102K 
22: R57         Income Taxes - Additional Information (Detail)      HTML     32K 
84: R58         Deferred Cemetery Revenues Net (Detail)             HTML     38K 
50: R59         Commitments and Contingencies - Additional          HTML     32K 
                Information (Detail)                                             
69: R60         Operating Leases Future Payments (Detail)           HTML     46K 
30: R61         Compensation Expense Recognized Related to Unit     HTML     31K 
                Appreciation Rights and Restricted Phantom Unit                  
                Awards (Detail)                                                  
33: R62         Partners' Capital - Additional Information          HTML     62K 
                (Detail)                                                         
75: R63         Acquisitions - Additional Information (Detail)      HTML    133K 
73: R64         Preliminary Assessment of Fair Value of Net Assets  HTML     58K 
                Acquired and Resulting Gain on Bargain Purchase of               
                First Quarter Twenty Fourteen (Detail)                           
52: R65         Preliminary Assessment of Fair Value of Net Assets  HTML     56K 
                Acquired and Resulting Goodwill of Second Quarter                
                Twenty Fourteen (Detail)                                         
74: R66         Fixed Rent for Cemeteries (Detail)                  HTML     41K 
29: R67         Assets and Liabilities Recognized (Detail)          HTML     45K 
56: R68         Revised Assessment of Fair Value of Net Assets      HTML     78K 
                Acquired of First Quarter Twenty Thirteen                        
                Acquisition (Detail)                                             
85: R69         Final Assessment of Fair Value of Net Assets        HTML     57K 
                Acquired and Resulting Gain on Bargain Purchase of               
                Third Quarter Twenty Thirteen Acquisition (Detail)               
17: R70         Consolidated Pro Forma Information (Detail)         HTML     33K 
23: R71         Segment Information - Additional Information        HTML     30K 
                (Detail)                                                         
46: R72         Segment Information (Detail)                        HTML    127K 
21: R73         Assets and Liabilities Measured at Fair Value       HTML     96K 
                (Detail)                                                         
87: XML         IDEA XML File -- Filing Summary                      XML    138K 
16: EXCEL       IDEA Workbook of Financial Reports                  XLSX    304K 
34: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.77M 
 7: EX-101.INS  XBRL Instance -- ston-20140930                       XML   3.27M 
 9: EX-101.CAL  XBRL Calculations -- ston-20140930_cal               XML    254K 
10: EX-101.DEF  XBRL Definitions -- ston-20140930_def                XML   1.39M 
11: EX-101.LAB  XBRL Labels -- ston-20140930_lab                     XML   1.42M 
12: EX-101.PRE  XBRL Presentations -- ston-20140930_pre              XML   1.55M 
 8: EX-101.SCH  XBRL Schema -- ston-20140930                         XSD    234K 
60: ZIP         XBRL Zipped Folder -- 0001193125-14-402745-xbrl      Zip    227K

‘R14’ — Goodwill and Intangible Assets

This is an IDEA Financial Report. [ Alternative Formats ]

GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2014

GOODWILL AND INTANGIBLE ASSETS

7.	GOODWILL AND INTANGIBLE ASSETS

Goodwill

Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in acquisitions.

A rollforward of goodwill by reportable segment is as follows:


	Cemeteries						Funeral
	Southeast		Northeast		West		Homes		Total
	(in thousands)
Balance as of December 31, 2013	$	6,174	$	—	$	11,948	$	30,615	$	48,737
Goodwill acquired from acquisitions during the nine months ended September 30, 2014		3,643		2,903		—		1,845		8,391

Balance as of September 30, 2014	$	9,817	$	2,903	$	11,948	$	32,460	$	57,128

Other Acquired Intangible Assets

The Company has other acquired intangible assets, most of which have been recognized as a result of acquisitions and long-term operating agreements. All of the intangible assets are subject to amortization. The major classes of intangible assets are as follows:


	As of September 30, 2014							As of December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Intangible Asset		Gross Carrying Amount		Accumulated Amortization			Net Intangible Asset
	(in thousands)
Amortized intangible assets:
Lease and management agreements	$	59,758	$	(332	)	$	59,426	$	—	$	—		$	—
Underlying contract value		6,239		(819	)		5,420		6,239		(702	)		5,537
Non-compete agreements		7,950		(5,011	)		2,939		7,950		(4,003	)		3,947
Other intangible assets		269		(109	)		160		269		(98	)		171

Total intangible assets	$	74,216	$	(6,271	)	$	67,945	$	14,458	$	(4,803	)	$	9,655

On May 28, 2014, the Company and the Archdiocese of Philadelphia closed a transaction involving a lease agreement and a management agreement, pursuant to which the Company will operate 13 cemeteries in Pennsylvania for a term of 60 years, subject to certain termination provisions. Refer to Note 13 for a detailed discussion on this transaction. The Company recorded the underlying value of the lease and management agreements as a contract-based intangible asset at the present value of the consideration, less the fair value of net assets acquired. The discounted value will be amortized over the term of the agreements and was determined using an effective annual rate of 8.3%, which represents an estimate of the return an investor would require to make this type of investment in the Company over the rent payment period. The costs associated with obtaining the rights pursuant to these agreements were also capitalized and will be amortized over the life of the agreements.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	11/7/14	8-K
For Period end:	9/30/14	4
	5/28/14	424B5
	12/31/13	10-K, 8-K
		List all Filings

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Filing Submission 0001193125-14-402745 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Stonemor Partners LP – ‘10-Q’ for 9/30/14 – ‘R14’

On: Friday, 11/7/14, at 12:07pm ET · For: 9/30/14 · Accession #: 1193125-14-402745 · File #: 1-32270

Previous ‘10-Q’: ‘10-Q’ on 8/8/14 for 6/30/14 · Next: ‘10-Q’ on 5/8/15 for 3/31/15 · Latest: ‘10-Q’ on 11/8/19 for 9/30/19

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R14’ — Goodwill and Intangible Assets

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Stonemor Partners LP – ‘10-Q’ for 9/30/14 – ‘R14’

On: Friday, 11/7/14, at 12:07pm ET · For: 9/30/14 · Accession #: 1193125-14-402745 · File #: 1-32270

Previous ‘10-Q’: ‘10-Q’ on 8/8/14 for 6/30/14 · Next: ‘10-Q’ on 5/8/15 for 3/31/15 · Latest: ‘10-Q’ on 11/8/19 for 9/30/19

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R14’ — Goodwill and Intangible Assets

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents