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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,058 $ 1,148
Accounts receivable, net 24,308 25,314
Inventories 7,645 7,346
Prepaid and other current assets 3,951 6,404
Total current assets 36,962 40,212
Preneed cemetery trust investments 91,352 100,903
Preneed funeral trust investments 102,843 113,658
Preneed cemetery receivables, net 25,699 23,150
Receivables from preneed funeral trusts, net 19,689 19,009
Property, plant and equipment, net 271,532 269,367
Cemetery property, net 101,348 100,701
Goodwill 391,071 391,972
Intangible and other non-current assets, net 29,653 29,378
Operating lease right-of-use assets 17,571 17,881
Cemetery perpetual care trust investments 63,703 72,400
Total assets 1,151,423 1,178,631
Current liabilities:    
Current portion of debt and lease obligations 3,023 2,809
Accounts payable 9,064 14,205
Accrued and other liabilities 30,744 43,773
Total current liabilities 42,831 60,787
Acquisition debt, net of current portion 3,891 3,979
Credit facility 173,501 153,857
Senior notes 394,923 394,610
Obligations under finance leases, net of current portion 4,945 5,157
Obligations under operating leases, net of current portion 18,005 18,520
Deferred preneed cemetery revenue 52,494 50,202
Deferred preneed funeral revenue 31,466 30,584
Deferred tax liability 47,495 45,784
Other long-term liabilities 1,829 1,419
Deferred preneed cemetery receipts held in trust 91,352 100,903
Deferred preneed funeral receipts held in trust 102,843 113,658
Care trusts’ corpus 63,004 71,156
Total liabilities 1,028,579 1,050,616
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,264,245 and 26,325,468 shares issued, respectively and 15,331,923 and 14,697,650 shares outstanding, respectively 263 263
Additional paid-in capital 238,571 236,809
Retained earnings 162,763 135,462
Treasury stock, at cost; 10,932,322 and 11,627,818 shares, respectively (278,753) (244,519)
Total stockholders’ equity 122,844 128,015
Total liabilities and stockholders’ equity $ 1,151,423 $ 1,178,631