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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,260 $ 1,523
Accounts receivable, net 30,913 27,060
Inventories 8,230 8,347
Prepaid and other current assets 3,198 4,791
Total current assets 43,601 41,721
Preneed cemetery trust investments 102,391 96,374
Preneed funeral trust investments 108,956 107,842
Preneed cemetery receivables, net 50,049 35,575
Receivables from preneed funeral trusts, net 22,315 21,530
Property, plant and equipment, net 279,534 287,484
Cemetery property, net 113,091 114,580
Goodwill 414,859 423,643
Intangible and other non-current assets, net 39,175 37,677
Operating lease right-of-use assets 15,522 16,295
Cemetery perpetual care trust investments 85,925 85,331
Total assets 1,275,418 1,268,052
Current liabilities:    
Current portion of debt and lease obligations 4,015 3,842
Accounts payable 15,054 11,866
Accrued and other liabilities 41,101 35,362
Total current liabilities 60,170 51,070
Acquisition debt, net of current portion 5,350 5,461
Credit facility 138,293 177,794
Senior notes 396,421 395,905
Obligations under finance leases, net of current portion 6,107 5,831
Obligations under operating leases, net of current portion 14,660 15,797
Deferred preneed cemetery revenue 65,467 61,048
Deferred preneed funeral revenue 40,776 39,537
Deferred tax liability 50,289 52,127
Other long-term liabilities 1,391 1,855
Deferred preneed cemetery receipts held in trust 102,391 96,374
Deferred preneed funeral receipts held in trust 108,956 107,842
Care trusts’ corpus 87,018 84,351
Total liabilities 1,077,289 1,094,992
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 26,850,922 and 26,627,319 shares issued, respectively and 15,223,104 and 14,999,501 shares outstanding, respectively 269 266
Additional paid-in capital 243,259 241,291
Retained earnings 233,354 210,256
Treasury stock, at cost; 11,627,818 shares (278,753) (278,753)
Total stockholders’ equity 198,129 173,060
Total liabilities and stockholders’ equity $ 1,275,418 $ 1,268,052