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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 883 $ 535
Accounts receivable, net of allowance for bad debts of $1,054 in 2015 and $992 in 2016 18,246 18,181
Inventories 5,792 5,654
Prepaid expenses 2,988 4,684
Other current assets 809 4,707
Total current assets 28,718 33,761
Preneed cemetery trust investments 61,775 63,291
Preneed funeral trust investments 83,429 85,553
Preneed receivables, net of allowance for bad debts of $2,042 in 2015 and $2,055 in 2016 29,152 27,998
Receivables from preneed trusts 12,865 13,544
Property, plant and equipment, net of accumulated depreciation of $103,306 in 2015 and $106,967 in 2016 228,898 214,874
Cemetery property, net of accumulated amortization of $30,289 in 2015 and $32,431 in 2016 75,878 75,597
Goodwill 265,249 264,416
Intangible and other non-current assets 14,307 10,978
Cemetery perpetual care trust investments 42,505 43,127
Total assets 842,776 833,139
Current liabilities:    
Current portion of long-term debt and capital lease obligations 12,605 12,236
Accounts payable 6,858 7,917
Other liabilities 2,497 524
Accrued liabilities 16,021 16,541
Total current liabilities 37,981 37,218
Long-term debt, net of current portion 139,693 103,495
Revolving credit facility 58,703 91,514
Convertible subordinated notes due 2021 117,355 115,227
Obligations under capital leases, net of current portion 2,757 2,875
Deferred preneed cemetery revenue 56,669 56,721
Deferred preneed funeral revenue 31,131 31,748
Deferred tax liability 36,816 39,956
Other long-term liabilities 5,813 5,531
Deferred preneed cemetery receipts held in trust 61,775 63,291
Deferred preneed funeral receipts held in trust 83,429 85,553
Care trusts’ corpus 42,117 42,416
Total liabilities 674,239 675,545
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 22,497,873 and 22,492,315 shares issued at December 31, 2015 and June 30, 2016, respectively 225 225
Additional paid-in capital 215,422 214,250
Retained earnings 13,156 3,385
Treasury stock, at cost; 5,849,316 shares at December 31, 2015 and June 30, 2016 (60,266) (60,266)
Total stockholders’ equity 168,537 157,594
Total liabilities and stockholders’ equity $ 842,776 $ 833,139