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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 692 $ 716
Accounts receivable, net 20,033 21,478
Inventories 7,410 6,989
Prepaid and other current assets 12,087 10,667
Total current assets 40,222 39,850
Preneed cemetery trust investments 72,569 72,382
Preneed funeral trust investments 90,235 96,335
Preneed cemetery receivables, net 20,238 20,173
Receivables from preneed trusts 17,471 18,024
Property, plant and equipment, net 277,564 279,200
Cemetery property, net 101,509 87,032
Goodwill 396,861 398,292
Intangible and other non-current assets, net 33,348 32,116
Operating lease right-of-use assets 21,407 22,304
Cemetery perpetual care trust investments 63,228 64,047
Total assets 1,134,652 1,129,755
Current liabilities:    
Current portion of debt and lease obligations 3,456 3,150
Accounts payable 8,042 8,413
Accrued and other liabilities 23,267 24,026
Convertible subordinated notes due 2021 6,115 0
Total current liabilities 40,880 35,589
Acquisition debt, net of current portion 5,285 5,658
Credit facility 88,327 82,182
Convertible subordinated notes due 2021 0 5,971
Acquisition debt, net of current portion 395,668 395,447
Obligations under finance leases, net of current portion 5,696 5,854
Obligations under operating leases, net of current portion 20,583 21,533
Deferred preneed cemetery revenue 47,657 46,569
Deferred preneed funeral revenue 28,660 29,145
Deferred tax liability 46,765 41,368
Other long-term liabilities 1,524 1,737
Deferred preneed cemetery receipts held in trust 72,569 72,382
Deferred preneed funeral receipts held in trust 90,235 96,335
Care trusts’ corpus 62,312 63,416
Total liabilities 906,161 903,186
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 25,880,362 and 25,959,257 shares issued at December 31, 2019 and June 30, 2020, respectively 260 259
Additional paid-in capital 241,868 242,147
Retained earnings 88,413 86,213
Treasury stock, at cost; 8,025,339 at both December 31, 2019 and June 30, 2020 (102,050) (102,050)
Total stockholders’ equity 228,491 226,569
Total liabilities and stockholders’ equity $ 1,134,652 $ 1,129,755