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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 644 $ 952
Accounts receivable, net of allowance for bad debts of $835 in 2017 and $769 in 2018 18,897 19,655
Inventories 6,751 6,519
Prepaid expenses 1,456 2,028
Other current assets 1,555 986
Total current assets 29,303 30,140
Preneed cemetery trust investments 62,432 73,853
Preneed funeral trust investments 82,074 90,682
Preneed receivables, net of allowance for bad debts of $2,278 in 2017 and $2,151 in 2018 18,441 31,644
Receivables from preneed trusts 17,073 15,287
Property, plant and equipment, net of accumulated depreciation of $115,776 in 2017 and $124,945 in 2018 260,838 247,294
Cemetery property, net of accumulated amortization of $37,543 in 2017 and $37,668 in 2018 74,958 76,331
Goodwill 303,887 287,956
Intangible and other non-current assets 24,425 18,117
Cemetery perpetual care trust investments 44,071 50,229
Total assets 917,502 921,533
Current liabilities:    
Current portion of long-term debt and capital lease obligations 2,327 17,251
Accounts payable 9,987 6,547
Other liabilities 1,236 1,361
Accrued liabilities 21,408 17,559
Total current liabilities 34,958 42,718
Long-term debt, net of current portion 6,925 121,034
Credit facility 26,145 91,120
Convertible subordinated notes due 2021 5,732 124,441
Principal amount 36,040  
Obligations under capital leases, net of current portion 6,143 6,361
Deferred preneed cemetery revenue 45,997 54,690
Deferred preneed funeral revenue 28,606 34,585
Deferred tax liability 31,263 31,159
Other long-term liabilities 3,133 3,378
Deferred preneed cemetery receipts held in trust 62,432 73,853
Deferred preneed funeral receipts held in trust 82,074 90,682
Care trusts’ corpus 43,494 49,856
Total liabilities 696,010 723,877
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized; 22,622,242 and 25,703,490 issued as of December 31, 2017 and 2018, respectively 257 226
Additional paid-in capital 243,849 216,158
Retained earnings 71,680 57,904
Treasury stock, at cost; 6,523,370 and 7,625,339 shares at December 31, 2017 and 2018, respectively (94,294) (76,632)
Total stockholders’ equity 221,492 197,656
Total liabilities and stockholders’ equity 917,502 921,533
Senior Notes [Member]    
Current liabilities:    
Principal amount $ 319,108 $ 0