XML 13 R3.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,493 $ 889
Accounts receivable, net 23,835 25,103
Inventories 7,333 7,259
Prepaid and other current assets 2,862 2,076
Total current assets 35,523 35,327
Preneed cemetery trust investments 98,539 86,604
Preneed funeral trust investments 109,791 101,235
Preneed cemetery receivables, net 22,427 21,081
Receivables from preneed funeral trusts, net 17,758 16,844
Property, plant and equipment, net 267,431 269,051
Cemetery property, net 100,552 101,134
Goodwill 391,972 392,978
Intangible and other non-current assets, net 29,464 29,542
Operating lease right-of-use assets 20,256 21,201
Cemetery perpetual care trust investments 75,290 70,828
Total assets 1,169,003 1,145,825
Current liabilities:    
Current portion of debt and lease obligations 3,172 3,432
Accounts payable 11,650 11,259
Accrued and other liabilities 33,671 31,138
Convertible subordinated notes due 2021 0 2,538
Total current liabilities 48,493 48,367
Acquisition debt, net of current portion 4,401 4,482
Credit facility 58,937 46,064
Acquisition debt, net of current portion 394,303 395,968
Obligations under finance leases, net of current portion 5,356 5,531
Obligations under operating leases, net of current portion 19,420 20,302
Deferred preneed cemetery revenue 48,672 47,846
Deferred preneed funeral revenue 29,143 27,992
Deferred tax liability 42,016 46,477
Other long-term liabilities 3,162 4,748
Deferred preneed cemetery receipts held in trust 98,539 86,604
Deferred preneed funeral receipts held in trust 109,791 101,235
Care trusts’ corpus 73,899 69,707
Total liabilities 936,132 905,323
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,020,494 and 26,175,767 shares issued, respectively and 17,995,155 and 17,825,724 shares outstanding, respectively 262 260
Additional paid-in capital 237,891 239,989
Retained earnings 109,069 102,303
Treasury stock, at cost; 8,025,339 and 8,350,043 at December 31, 2020 and June 30, 2021 (114,351) (102,050)
Total stockholders’ equity 232,871 240,502
Total liabilities and stockholders’ equity $ 1,169,003 $ 1,145,825