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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 685 $ 644
Accounts receivable, net 16,794 18,897
Inventories 6,756 6,751
Prepaid and other current assets 1,412 3,011
Total current assets 25,647 29,303
Preneed cemetery trust investments 69,970 62,432
Preneed funeral trust investments 88,696 82,074
Preneed receivables, net 19,458 18,441
Receivables from preneed trusts 17,654 17,073
Property, plant and equipment, net 259,835 260,838
Cemetery property, net 75,427 74,958
Goodwill 303,887 303,887
Intangible and other non-current assets, net 24,360 24,425
Operating lease right-of-use assets 23,485 0
Cemetery perpetual care trust investments 48,969 44,071
Total assets 957,388 917,502
Current liabilities:    
Current portion of long-term debt 1,895 2,015
Current portion of finance lease obligations 284 312
Current portion of operating lease obligations 1,541 0
Accounts payable 6,831 9,987
Accrued and other liabilities 21,916 22,644
Total current liabilities 32,467 34,958
Long-term debt, net of current portion 6,307 6,925
Long-term Line of Credit 23,753 26,145
Convertible subordinated notes due 2021 5,835 5,732
Senior notes due 2026 319,418 319,108
Obligations under finance leases, net of current portion 5,999 6,143
Obligations under operating leases, net of current portion 22,673 0
Deferred preneed cemetery revenue 45,540 45,997
Deferred preneed funeral revenue 29,236 28,606
Deferred tax liability 32,572 31,263
Other long-term liabilities 1,920 3,133
Deferred preneed cemetery receipts held in trust 69,970 62,432
Deferred preneed funeral receipts held in trust 88,696 82,074
Care trusts’ corpus 48,442 43,494
Total liabilities 732,828 696,010
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 25,703,490 and 25,837,577 shares issued at December 31, 2018 and June 30, 2019, respectively 258 257
Additional paid-in capital 243,285 243,849
Retained earnings 83,067 71,680
Treasury stock, at cost; 7,625,339 and 8,025,339 at December 31, 2018 and June 30, 2019, respectively (102,050) (94,294)
Total stockholders’ equity 224,560 221,492
Total liabilities and stockholders’ equity $ 957,388 $ 917,502