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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,675 $ 1,170
Accounts receivable, net 25,524 24,458
Inventories 9,088 7,613
Prepaid and other current assets 4,030 4,733
Total current assets 40,317 37,974
Preneed cemetery trust investments 92,583 95,065
Preneed funeral trust investments 106,433 104,553
Preneed cemetery receivables, net 34,332 26,672
Receivables from preneed funeral trusts, net 21,295 19,976
Property, plant and equipment, net 288,407 278,106
Cemetery property, net 113,199 104,170
Goodwill 423,643 410,137
Intangible and other non-current assets, net 37,221 32,930
Operating lease right-of-use assets 15,987 17,060
Cemetery perpetual care trust investments 82,042 66,307
Total assets 1,255,459 1,192,950
Current liabilities:    
Current portion of debt and lease obligations 3,811 3,172
Accounts payable 11,558 11,675
Accrued and other liabilities 37,977 30,621
Total current liabilities 53,346 45,468
Acquisition debt, net of current portion 3,335 3,438
Credit facility 185,856 188,836
Senior notes 395,737 395,243
Obligations under finance leases, net of current portion 6,724 4,743
Obligations under operating leases, net of current portion 15,736 17,315
Deferred preneed cemetery revenue 62,384 51,746
Deferred preneed funeral revenue 40,343 32,029
Deferred tax liability 48,907 48,820
Other long-term liabilities 1,504 3,065
Deferred preneed cemetery receipts held in trust 92,583 95,065
Deferred preneed funeral receipts held in trust 106,433 104,553
Care trusts’ corpus 81,299 65,495
Total liabilities 1,094,187 1,055,816
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,359,876 and 26,609,277 shares issued, respectively and 14,732,058 and 14,981,459 shares outstanding, respectively 266 264
Additional paid-in capital 241,141 238,780
Retained earnings 198,618 176,843
Treasury stock, at cost; 11,627,818 shares (278,753) (278,753)
Total stockholders’ equity 161,272 137,134
Total liabilities and stockholders’ equity $ 1,255,459 $ 1,192,950