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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 535 $ 413
Accounts receivable, net of allowance for bad debts of $1,127 in 2014 and $1,054 in 2015 18,181 19,264
Inventories 5,654 5,294
Prepaid expenses 4,684 4,590
Other current assets 4,707 7,144
Total current assets 33,761 36,705
Preneed cemetery trust investments 63,291 71,972
Preneed funeral trust investments 85,553 97,607
Preneed receivables, net of allowance for bad debts of $2,339 in 2014 and $2,042 in 2015 27,998 26,284
Receivables from preneed trusts, net of allowance for contract cancellations of $396 in 2014 and $419 in 2015 13,544 12,809
Property, plant and equipment, net of accumulated depreciation of $95,249 in 2014 and $103,306 in 2015 214,874 186,211
Cemetery property, net of accumulated amortization of $26,875 in 2014 and $30,289 in 2015 75,597 75,564
Goodwill 264,416 257,442
Deferred charges and other non-current assets 15,192 14,264
Cemetery perpetual care trust investments 43,127 48,670
Total assets 837,353 827,528
Current liabilities:    
Current portion of long-term debt and capital lease obligations 12,236 9,838
Accounts payable 7,917 6,472
Other liabilities 524 1,437
Accrued liabilities 16,541 15,203
Total current liabilities 37,218 32,950
Long-term debt, net of current portion 103,854 111,887
Revolving credit facility 92,600 40,500
Convertible subordinated notes due 2021 117,996 114,542
Obligations under capital leases, net of current portion 2,875 3,098
Deferred preneed cemetery revenue 56,721 56,875
Deferred preneed funeral revenue 31,748 31,265
Deferred tax liability 39,956 36,414
Other long-term liabilities 5,531 2,401
Deferred preneed cemetery receipts held in trust 63,291 71,972
Deferred preneed funeral receipts held in trust 85,553 97,607
Care trusts’ corpus 42,416 48,142
Total liabilities $ 679,759 $ 647,653
Commitments and contingencies:
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized; 22,434,609 and 22,497,873 issued as of December 31, 2014 and 2015, respectively $ 225 $ 224
Additional paid-in capital 214,250 212,386
Retained earnings (deficit) 3,385 (17,468)
Treasury stock, at cost; 3,921,651 shares at December 31, 2014 and 5,849,316 shares at December 31, 2015 (60,266) (15,267)
Total stockholders’ equity 157,594 179,875
Total liabilities and stockholders’ equity $ 837,353 $ 827,528