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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,523 $ 1,170
Accounts receivable, net 27,060 24,458
Inventories 8,347 7,613
Prepaid and other current assets 4,791 4,733
Total current assets 41,721 37,974
Preneed cemetery trust investments 96,374 95,065
Preneed funeral trust investments 107,842 104,553
Preneed cemetery receivables, net 35,575 26,672
Receivables from preneed funeral trusts, net 21,530 19,976
Property, plant and equipment, net 287,484 278,106
Cemetery property, net 114,580 104,170
Goodwill 423,643 410,137
Intangible and other non-current assets, net 37,677 32,930
Operating lease right-of-use assets 16,295 17,060
Cemetery perpetual care trust investments 85,331 66,307
Total assets 1,268,052 1,192,950
Current liabilities:    
Current portion of debt and lease obligations 3,842 3,172
Accounts payable 11,866 11,675
Accrued and other liabilities 35,362 30,621
Total current liabilities 51,070 45,468
Acquisition debt, net of current portion 5,461 3,438
Credit facility 177,794 188,836
Obligations under finance leases, net of current portion 5,831 4,743
Obligations under operating leases, net of current portion 15,797 17,315
Deferred preneed cemetery revenue 61,048 51,746
Deferred preneed funeral revenue 39,537 32,029
Deferred tax liability 52,127 48,820
Other long-term liabilities 1,855 3,065
Deferred preneed cemetery receipts held in trust 96,374 95,065
Deferred preneed funeral receipts held in trust 107,842 104,553
Care trusts’ corpus 84,351 65,495
Total liabilities 1,094,992 1,055,816
Commitments and contingencies:
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,359,876 and 26,627,319 shares issued, respectively and 14,732,058 and 14,999,501 shares outstanding, respectively 266 264
Additional paid-in capital 241,291 238,780
Retained earnings 210,256 176,843
Treasury stock, at cost; 11,627,818 shares (278,753) (278,753)
Total stockholders’ equity 173,060 137,134
Total liabilities and stockholders’ equity 1,268,052 1,192,950
Senior notes    
Current liabilities:    
Senior notes $ 395,905 $ 395,243