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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 406 $ 889
Accounts receivable, net 25,585 25,103
Inventories 7,386 7,259
Prepaid and other current assets 2,076 2,076
Total current assets 35,453 35,327
Preneed cemetery trust investments 92,363 86,604
Preneed funeral trust investments 105,201 101,235
Preneed cemetery receivables, net 21,533 21,081
Receivables from preneed trusts, net 16,976 16,844
Property, plant and equipment, net 267,055 269,051
Cemetery property, net 101,109 101,134
Goodwill 391,972 392,978
Intangible and other non-current assets, net 29,502 29,542
Operating lease right-of-use assets 20,747 21,201
Cemetery perpetual care trust investments 75,815 70,828
Total assets 1,157,726 1,145,825
Current liabilities:    
Current portion of debt and lease obligations 3,301 3,432
Accounts payable 9,543 11,259
Accrued and other liabilities 39,599 31,138
Convertible subordinated notes due 2021 0 2,538
Total current liabilities 52,443 48,367
Acquisition debt, net of current portion 4,442 4,482
Credit facility 27,282 46,064
Acquisition debt, net of current portion 396,122 395,968
Obligations under finance leases, net of current portion 5,445 5,531
Obligations under operating leases, net of current portion 19,876 20,302
Deferred preneed cemetery revenue 48,840 47,846
Deferred preneed funeral revenue 28,181 27,992
Deferred tax liability 47,991 46,477
Other long-term liabilities 2,677 4,748
Deferred preneed cemetery receipts held in trust 92,363 86,604
Deferred preneed funeral receipts held in trust 105,201 101,235
Care trusts’ corpus 75,360 69,707
Total liabilities 906,223 905,323
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,020,494 and 26,073,693 shares issued, respectively and 17,995,155 and 18,048,354 shares outstanding, respectively 261 260
Additional paid-in capital 238,056 239,989
Retained earnings 115,236 102,303
Treasury stock, at cost; 8,025,339 at both December 31, 2020 and March 31, 2021 (102,050) (102,050)
Total stockholders’ equity 251,503 240,502
Total liabilities and stockholders’ equity $ 1,157,726 $ 1,145,825
Common Stock, Shares, Outstanding 17,995,155 18,048,354