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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,148 $ 889
Accounts receivable, net 25,314 25,103
Inventories 7,346 7,259
Prepaid and other current assets 6,404 2,076
Total current assets 40,212 35,327
Preneed cemetery trust investments 100,903 86,604
Preneed funeral trust investments 113,658 101,235
Preneed cemetery receivables, net 23,150 21,081
Receivables from preneed funeral trusts, net 19,009 16,844
Property, plant and equipment, net 269,367 269,051
Cemetery property, net 100,701 101,134
Goodwill 391,972 392,978
Intangible and other non-current assets, net 29,378 29,542
Operating lease right-of-use assets 17,881 21,201
Cemetery perpetual care trust investments 72,400 70,828
Total assets 1,178,631 1,145,825
Current liabilities:    
Current portion of debt and lease obligations 2,809 3,432
Accounts payable 14,205 11,259
Accrued and other liabilities 43,773 31,138
Convertible notes 0 2,538
Total current liabilities 60,787 48,367
Acquisition debt, net of current portion 3,979 4,482
Credit facility 153,857 46,064
Obligations under finance leases, net of current portion 5,157 5,531
Obligations under operating leases, net of current portion 18,520 20,302
Deferred preneed cemetery revenue 50,202 47,846
Deferred preneed funeral revenue 30,584 27,992
Deferred tax liability 45,784 46,477
Other long-term liabilities 1,419 4,748
Deferred preneed cemetery receipts held in trust 100,903 86,604
Deferred preneed funeral receipts held in trust 113,658 101,235
Care trusts’ corpus 71,156 69,707
Total liabilities 1,050,616 905,323
Commitments and contingencies:
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,020,494 and 26,264,245 shares issued, respectively and 17,995,155 and 15,331,923 shares outstanding, respectively 263 260
Additional paid-in capital 236,809 239,989
Retained earnings 135,462 102,303
Treasury stock, at cost; 8,025,339 and 10,932,322 shares at December 31, 2020 and 2021, respectively (244,519) (102,050)
Total stockholders’ equity 128,015 240,502
Total liabilities and stockholders’ equity 1,178,631 1,145,825
Senior Notes [Member]    
Current liabilities:    
Principal amount $ 394,610 $ 395,968