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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,088 $ 889
Accounts receivable, net 26,213 25,103
Inventories 7,376 7,259
Prepaid and other current assets 2,191 2,076
Total current assets 36,868 35,327
Preneed cemetery trust investments 97,489 86,604
Preneed funeral trust investments 108,404 101,235
Preneed cemetery receivables, net 22,932 21,081
Receivables from preneed funeral trusts, net 18,665 16,844
Property, plant and equipment, net 267,756 269,051
Cemetery property, net 100,505 101,134
Goodwill 391,972 392,978
Intangible and other non-current assets, net 29,437 29,542
Operating lease right-of-use assets 18,307 21,201
Cemetery perpetual care trust investments 71,640 70,828
Total assets 1,163,975 1,145,825
Current liabilities:    
Current portion of debt and lease obligations 3,041 3,432
Accounts payable 14,510 11,259
Accrued and other liabilities 43,147 31,138
Convertible subordinated notes due 2021 0 2,538
Total current liabilities 60,698 48,367
Acquisition debt, net of current portion 4,359 4,482
Credit facility 85,418 46,064
Acquisition debt, net of current portion 394,456 395,968
Obligations under finance leases, net of current portion 5,258 5,531
Obligations under operating leases, net of current portion 18,951 20,302
Deferred preneed cemetery revenue 49,480 47,846
Deferred preneed funeral revenue 29,945 27,992
Deferred tax liability 43,044 46,477
Other long-term liabilities 3,045 4,748
Deferred preneed cemetery receipts held in trust 97,489 86,604
Deferred preneed funeral receipts held in trust 108,404 101,235
Care trusts’ corpus 70,960 69,707
Total liabilities 971,507 905,323
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,020,494 and 26,205,777 shares issued, respectively and 17,995,155 and 16,652,241 shares outstanding, respectively 262 260
Additional paid-in capital 237,681 239,989
Retained earnings 122,115 102,303
Treasury stock, at cost; 8,025,339 and 9,553,536 at December 31, 2020 and September 30, 2021 (167,590) (102,050)
Total stockholders’ equity 192,468 240,502
Total liabilities and stockholders’ equity $ 1,163,975 $ 1,145,825