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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 887 $ 1,148
Accounts receivable, net 25,570 25,314
Inventories 7,645 7,346
Prepaid and other current assets 4,005 6,404
Total current assets 38,107 40,212
Preneed cemetery trust investments 102,533 100,903
Preneed funeral trust investments 113,332 113,658
Preneed cemetery receivables, net 22,561 23,150
Receivables from preneed funeral trusts, net 19,160 19,009
Property, plant and equipment, net 271,175 269,367
Cemetery property, net 101,646 100,701
Goodwill 391,071 391,972
Intangible and other non-current assets, net 29,617 29,378
Operating lease right-of-use assets 17,622 17,881
Cemetery perpetual care trust investments 73,525 72,400
Total assets 1,180,349 1,178,631
Current liabilities:    
Current portion of debt and lease obligations 2,895 2,809
Accounts payable 13,573 14,205
Accrued and other liabilities 31,345 43,773
Total current liabilities 47,813 60,787
Acquisition debt, net of current portion 3,935 3,979
Credit facility 172,746 153,857
Senior notes 394,765 394,610
Obligations under finance leases, net of current portion 5,052 5,157
Obligations under operating leases, net of current portion 18,181 18,520
Deferred preneed cemetery revenue 51,064 50,202
Deferred preneed funeral revenue 30,891 30,584
Deferred tax liability 45,860 45,784
Other long-term liabilities 1,309 1,419
Deferred preneed cemetery receipts held in trust 102,533 100,903
Deferred preneed funeral receipts held in trust 113,332 113,658
Care trusts’ corpus 72,847 71,156
Total liabilities 1,060,328 1,050,616
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,264,245 and 26,311,575 shares issued, respectively and 15,331,923 and 14,889,253 shares outstanding, respectively 263 263
Additional paid-in capital 238,423 236,809
Retained earnings 151,864 135,462
Treasury stock, at cost; 10,932,322 and 11,422,322 shares, respectively (270,529) (244,519)
Total stockholders’ equity 120,021 128,015
Total liabilities and stockholders’ equity $ 1,180,349 $ 1,178,631