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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 9,474 $ 952
Accounts receivable, net of allowance for bad debts of $835 in 2017 and $765 in 2018 17,067 19,655
Inventories 6,938 6,519
Prepaid expenses 1,778 2,028
Other current assets 2,798 986
Total current assets 38,055 30,140
Preneed cemetery trust investments 69,953 73,853
Preneed funeral trust investments 90,051 90,682
Preneed receivables, net of allowance for bad debts of $2,278 in 2017 and $1,286 in 2018 18,510 31,644
Receivables from preneed trusts 16,815 15,287
Property, plant and equipment, net of accumulated depreciation of $115,776 in 2017 and $122,465 in 2018 261,565 247,294
Cemetery property, net of accumulated amortization of $37,543 in 2017 and $36,829 in 2018 74,887 76,331
Goodwill 304,733 287,956
Intangible and other non-current assets 25,338 18,117
Cemetery perpetual care trust investments 48,813 50,229
Total assets 948,720 921,533
Current liabilities:    
Current portion of long-term debt and capital lease obligations 2,445 17,251
Accounts payable 5,810 6,547
Other liabilities 898 1,361
Accrued liabilities 21,665 17,559
Total current liabilities 30,818 42,718
Long-term debt, net of current portion 7,648 212,154
Convertible subordinated notes due 2021 25,697 124,441
Senior notes due 2026 318,956 0
Obligations under capital leases, net of current portion 6,211 6,361
Deferred preneed cemetery revenue 46,156 54,690
Deferred preneed funeral revenue 28,153 34,585
Deferred tax liability 31,694 31,159
Other long-term liabilities 3,155 3,378
Deferred preneed cemetery receipts held in trust 69,953 73,853
Deferred preneed funeral receipts held in trust 90,051 90,682
Care trusts’ corpus 48,396 49,856
Total liabilities 706,888 723,877
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 22,622,242 and 25,699,037 shares issued at December 31, 2017 and September 30, 2018, respectively 257 226
Additional paid-in capital 243,869 216,158
Retained earnings 74,338 57,904
Treasury stock, at cost; 6,523,370 shares at December 31, 2017 and September 30, 2018 (76,632) (76,632)
Total stockholders’ equity 241,832 197,656
Total liabilities and stockholders’ equity $ 948,720 $ 921,533