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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 11,920 $ 716
Accounts receivable, net 20,845 21,478
Inventories 7,188 6,989
Prepaid and other current assets 14,447 10,667
Total current assets 54,400 39,850
Preneed cemetery trust investments 60,776 72,382
Preneed funeral trust investments 81,377 96,335
Preneed cemetery receivables, net 20,402 20,173
Receivables from preneed trusts 18,089 18,024
Property, plant and equipment, net 278,995 279,200
Cemetery property, net 101,797 87,032
Goodwill 396,696 398,292
Intangible and other non-current assets, net 33,457 32,116
Operating lease right-of-use assets 21,891 22,304
Cemetery perpetual care trust investments 52,677 64,047
Total assets 1,120,557 1,129,755
Current liabilities:    
Current portion of debt and lease obligations 3,219 3,150
Accounts payable 6,425 8,413
Accrued and other liabilities 23,788 24,026
Convertible subordinated notes due 2021 6,042 0
Total current liabilities 39,474 35,589
Acquisition debt, net of current portion 5,462 5,658
Credit facility 112,509 82,182
Convertible subordinated notes due 2021 0 5,971
Acquisition debt, net of current portion 395,575 395,447
Obligations under finance leases, net of current portion 5,776 5,854
Obligations under operating leases, net of current portion 21,106 21,533
Deferred preneed cemetery revenue 46,980 46,569
Deferred preneed funeral revenue 29,363 29,145
Deferred tax liability 45,491 41,368
Other long-term liabilities 1,435 1,737
Deferred preneed cemetery receipts held in trust 60,776 72,382
Deferred preneed funeral receipts held in trust 81,377 96,335
Care trusts’ corpus 52,774 63,416
Total liabilities 898,098 903,186
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 25,880,362 and 25,934,103 shares issued at December 31, 2019 and March 31, 2020, respectively 259 259
Additional paid-in capital 242,234 242,147
Retained earnings 82,016 86,213
Treasury stock, at cost; 8,025,339 at both December 31, 2019 and March 31, 2020 (102,050) (102,050)
Total stockholders’ equity 222,459 226,569
Total liabilities and stockholders’ equity $ 1,120,557 $ 1,129,755