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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 952 $ 3,286
Accounts receivable, net of allowance for bad debts of $746 in 2016 and $835 in 2017 19,655 18,860
Inventories 6,519 6,147
Prepaid expenses 2,028 2,640
Other current assets 986 2,034
Total current assets 30,140 32,967
Preneed cemetery trust investments 73,853 69,696
Preneed funeral trust investments 90,682 89,240
Preneed receivables, net of allowance for bad debts of $2,166 in 2016 and $2,278 in 2017 31,644 30,383
Receivables from preneed trusts 15,287 14,218
Property, plant and equipment, net of accumulated depreciation of $110,509 in 2016 and $115,776 in 2017 247,294 235,113
Cemetery property, net of accumulated amortization of $34,194 in 2016 and $37,543 in 2017 76,331 76,119
Goodwill 287,956 275,487
Intangible and other non-current assets 18,117 14,957
Cemetery perpetual care trust investments 50,229 46,889
Total assets 921,533 885,069
Current liabilities:    
Current portion of long-term debt and capital lease obligations 17,251 13,267
Accounts payable 6,547 10,198
Other liabilities 1,361 717
Accrued liabilities 17,559 20,091
Total current liabilities 42,718 44,273
Long-term debt, net of current portion 121,034 137,862
Revolving credit facility 91,120 66,542
Convertible subordinated notes due 2021 124,441 119,596
Obligations under capital leases, net of current portion 6,361 2,630
Deferred preneed cemetery revenue 54,690 54,631
Deferred preneed funeral revenue 34,585 33,198
Deferred tax liability 31,159 42,810
Other long-term liabilities 3,378 2,567
Deferred preneed cemetery receipts held in trust 73,853 69,696
Deferred preneed funeral receipts held in trust 90,682 89,240
Care trusts’ corpus 49,856 46,290
Total liabilities 723,877 709,335
Commitments and contingencies:
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized; 22,490,855 and 22,622,242 issued as of December 31, 2016 and 2017, respectively 226 225
Additional paid-in capital 216,158 215,064
Retained earnings 57,904 20,711
Treasury stock, at cost; 5,849,316 and 6,523,370 shares at December 31, 2016 and 2017, respectively (76,632) (60,266)
Total stockholders’ equity 197,656 175,734
Total liabilities and stockholders’ equity $ 921,533 $ 885,069