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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,170 $ 1,148
Accounts receivable, net 24,458 25,314
Inventories 7,613 7,346
Prepaid and other current assets 4,733 6,404
Total current assets 37,974 40,212
Preneed cemetery trust investments 95,065 100,903
Preneed funeral trust investments 104,553 113,658
Preneed cemetery receivables, net 26,672 23,150
Receivables from preneed funeral trusts, net 19,976 19,009
Property, plant and equipment, net 278,106 269,367
Cemetery property, net 104,170 100,701
Goodwill 410,137 391,972
Intangible and other non-current assets, net 32,930 29,378
Operating lease right-of-use assets 17,060 17,881
Cemetery perpetual care trust investments 66,307 72,400
Total assets 1,192,950 1,178,631
Current liabilities:    
Current portion of debt and lease obligations 3,172 2,809
Accounts payable 11,675 14,205
Accrued and other liabilities 30,621 43,773
Total current liabilities 45,468 60,787
Acquisition debt, net of current portion 3,438 3,979
Credit facility 188,836 153,857
Obligations under finance leases, net of current portion 4,743 5,157
Obligations under operating leases, net of current portion 17,315 18,520
Deferred preneed cemetery revenue 51,746 50,202
Deferred preneed funeral revenue 32,029 30,584
Deferred tax liability 48,820 45,784
Other long-term liabilities 3,065 1,419
Deferred preneed cemetery receipts held in trust 95,065 100,903
Deferred preneed funeral receipts held in trust 104,553 113,658
Care trusts’ corpus 65,495 71,156
Total liabilities 1,055,816 1,050,616
Commitments and contingencies:
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,264,245 and 26,359,876 shares issued, respectively and 15,331,923 and 14,732,058 shares outstanding, respectively 264 263
Additional paid-in capital 238,780 236,809
Retained earnings 176,843 135,462
Treasury stock, at cost; 10,932,322 and 11,627,818 shares, respectively (278,753) (244,519)
Total stockholders’ equity 137,134 128,015
Total liabilities and stockholders’ equity 1,192,950 1,178,631
Senior notes    
Current liabilities:    
Senior notes $ 395,243 $ 394,610