XML 20 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 970 $ 1,170
Accounts receivable, net 24,639 24,458
Inventories 8,448 7,613
Prepaid and other current assets 3,610 4,733
Total current assets 37,667 37,974
Preneed cemetery trust investments 89,874 95,065
Preneed funeral trust investments 103,317 104,553
Preneed cemetery receivables, net 33,274 26,672
Receivables from preneed funeral trusts, net 21,080 19,976
Property, plant and equipment, net 287,582 278,106
Cemetery property, net 112,830 104,170
Goodwill 423,643 410,137
Intangible and other non-current assets, net 37,333 32,930
Operating lease right-of-use assets 17,123 17,060
Cemetery perpetual care trust investments 78,363 66,307
Total assets 1,242,086 1,192,950
Current liabilities:    
Current portion of debt and lease obligations 3,568 3,172
Accounts payable 9,402 11,675
Accrued and other liabilities 29,564 30,621
Total current liabilities 42,534 45,468
Acquisition debt, net of current portion 3,370 3,438
Credit facility 202,418 188,836
Senior notes 395,571 395,243
Obligations under finance leases, net of current portion 4,537 4,743
Obligations under operating leases, net of current portion 16,860 17,315
Deferred preneed cemetery revenue 59,941 51,746
Deferred preneed funeral revenue 39,782 32,029
Deferred tax liability 48,827 48,820
Other long-term liabilities 1,299 3,065
Deferred preneed cemetery receipts held in trust 89,874 95,065
Deferred preneed funeral receipts held in trust 103,317 104,553
Care trusts’ corpus 77,589 65,495
Total liabilities 1,085,919 1,055,816
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,359,876 and 26,585,341 shares issued, respectively and 14,732,058 and 14,957,523 shares outstanding, respectively 266 264
Additional paid-in capital 240,681 238,780
Retained earnings 193,973 176,843
Treasury stock, at cost; 11,627,818 shares (278,753) (278,753)
Total stockholders’ equity 156,167 137,134
Total liabilities and stockholders’ equity $ 1,242,086 $ 1,192,950