XML 16 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 3,286 $ 535
Accounts receivable, net of allowance for bad debts of $1,054 in 2015 and $1,071 in 2016 18,860 18,181
Inventories 6,147 5,654
Prepaid expenses 2,640 4,684
Other current assets 2,034 4,707
Total current assets 32,967 33,761
Preneed cemetery trust investments 69,696 63,291
Preneed funeral trust investments 89,240 85,553
Preneed receivables, net of allowance for bad debts of $2,042 in 2015 and $2,166 in 2016 30,383 27,998
Receivables from preneed trusts 14,218 13,544
Property, plant and equipment, net of accumulated depreciation of $103,306 in 2015 and $110,509 in 2016 235,113 214,874
Cemetery property, net of accumulated amortization of $30,289 in 2015 and $34,194 in 2016 76,119 75,597
Goodwill 275,487 264,416
Intangible and other non-current assets 14,957 10,978
Cemetery perpetual care trust investments 46,889 43,127
Total assets 885,069 833,139
Current liabilities:    
Current portion of long-term debt and capital lease obligations 13,267 12,236
Accounts payable 10,198 7,917
Other liabilities 717 524
Accrued liabilities 20,091 16,541
Total current liabilities 44,273 37,218
Long-term debt, net of current portion 137,862 103,495
Revolving credit facility 66,542 91,514
Convertible subordinated notes due 2021 119,596 115,227
Obligations under capital leases, net of current portion 2,630 2,875
Deferred preneed cemetery revenue 54,631 56,721
Deferred preneed funeral revenue 33,198 31,748
Deferred tax liability 40,555 39,956
Other long-term liabilities 2,567 5,531
Deferred preneed cemetery receipts held in trust 69,696 63,291
Deferred preneed funeral receipts held in trust 89,240 85,553
Care trusts’ corpus 46,290 42,416
Total liabilities 707,080 675,545
Commitments and contingencies:
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized; 22,497,873 and 22,490,855 issued as of December 31, 2015 and 2016, respectively 225 225
Additional paid-in capital 215,064 214,250
Retained earnings 22,966 3,385
Treasury stock, at cost; 5,849,316 shares at December 31, 2015 and 2016, respectively (60,266) (60,266)
Total stockholders’ equity 177,989 157,594
Total liabilities and stockholders’ equity $ 885,069 $ 833,139