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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 855 $ 535
Accounts receivable, net of allowance for bad debts of $1,054 in 2015 and $918 in 2016 18,023 18,181
Inventories 5,853 5,654
Prepaid expenses 3,599 4,684
Other current assets 838 4,707
Total current assets 29,168 33,761
Preneed cemetery trust investments 65,896 63,291
Preneed funeral trust investments 85,560 85,553
Preneed receivables, net of allowance for bad debts of $2,042 in 2015 and $2,139 in 2016 30,579 27,998
Receivables from preneed trusts 13,839 13,544
Property, plant and equipment, net of accumulated depreciation of $103,306 in 2015 and $109,106 in 2016 231,465 214,874
Cemetery property, net of accumulated amortization of $30,289 in 2015 and $33,361 in 2016 75,692 75,597
Goodwill 267,788 264,416
Intangible and other non-current assets 14,476 10,978
Cemetery perpetual care trust investments 45,048 43,127
Total assets 859,511 833,139
Current liabilities:    
Current portion of long-term debt and capital lease obligations 12,633 12,236
Accounts payable 5,857 7,917
Other liabilities 2,546 524
Accrued liabilities 17,714 16,541
Total current liabilities 38,750 37,218
Long-term debt, net of current portion 136,628 103,495
Revolving credit facility 62,073 91,514
Convertible subordinated notes due 2021 118,461 115,227
Obligations under capital leases, net of current portion 2,689 2,875
Deferred preneed cemetery revenue 55,953 56,721
Deferred preneed funeral revenue 33,258 31,748
Deferred tax liability 39,318 39,956
Other long-term liabilities 2,629 5,531
Deferred preneed cemetery receipts held in trust 65,896 63,291
Deferred preneed funeral receipts held in trust 85,560 85,553
Care trusts’ corpus 44,345 42,416
Total liabilities 685,560 675,545
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 22,497,873 and 22,458,007 shares issued at December 31, 2015 and September 30, 2016, respectively 225 225
Additional paid-in capital 215,153 214,250
Retained earnings 18,839 3,385
Treasury stock, at cost; 5,849,316 shares at December 31, 2015 and September 30, 2016 (60,266) (60,266)
Total stockholders’ equity 173,951 157,594
Total liabilities and stockholders’ equity $ 859,511 $ 833,139