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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,293 $ 1,170
Accounts receivable, net 23,887 24,458
Inventories 9,533 7,613
Prepaid and other current assets 8,988 4,733
Total current assets 43,701 37,974
Preneed cemetery trust investments 86,459 95,065
Preneed funeral trust investments 101,366 104,553
Preneed cemetery receivables, net 26,690 26,672
Receivables from preneed funeral trusts, net 20,346 19,976
Property, plant and equipment, net 289,313 278,106
Cemetery property, net 113,298 104,170
Goodwill 423,749 410,137
Intangible and other non-current assets, net 37,254 32,930
Operating lease right-of-use assets 17,486 17,060
Cemetery perpetual care trust investments 65,322 66,307
Total assets 1,224,984 1,192,950
Current liabilities:    
Current portion of debt and lease obligations 3,455 3,172
Accounts payable 11,429 11,675
Accrued and other liabilities 34,910 30,621
Total current liabilities 49,794 45,468
Acquisition debt, net of current portion 3,404 3,438
Credit facility 211,880 188,836
Senior notes 395,406 395,243
Obligations under finance leases, net of current portion 4,641 4,743
Obligations under operating leases, net of current portion 17,395 17,315
Deferred preneed cemetery revenue 61,297 51,746
Deferred preneed funeral revenue 32,248 32,029
Deferred tax liability 48,642 48,820
Other long-term liabilities 938 3,065
Deferred preneed cemetery receipts held in trust 86,459 95,065
Deferred preneed funeral receipts held in trust 101,366 104,553
Care trusts’ corpus 64,352 65,495
Total liabilities 1,077,822 1,055,816
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,359,876 and 26,562,368 shares issued, respectively and 14,732,058 and 14,934,550 shares outstanding, respectively 266 264
Additional paid-in capital 239,962 238,780
Retained earnings 185,687 176,843
Treasury stock, at cost; 11,627,818 shares (278,753) (278,753)
Total stockholders’ equity 147,162 137,134
Total liabilities and stockholders’ equity $ 1,224,984 $ 1,192,950