XML 74 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,643 $ 1,165
Accounts receivable, net 32,590 30,193
Inventories 7,857 7,920
Prepaid and other current assets 4,719 4,123
Current assets held for sale 91 1,135
Total current assets 49,900 44,536
Preneed cemetery trust investments 103,817 98,120
Preneed funeral trust investments 108,290 106,219
Preneed cemetery receivables, net 50,034 50,958
Receivables from preneed funeral trusts, net 22,239 22,372
Property, plant and equipment, net 273,422 273,004
Cemetery property, net 109,283 109,576
Goodwill 410,703 414,859
Intangible and other non-current assets, net 40,744 40,427
Operating lease right-of-use assets 14,378 14,953
Cemetery perpetual care trust investments 88,624 85,103
Non-current assets held for sale 3,795 19,453
Total assets 1,275,229 1,279,580
Current liabilities:    
Current portion of debt and lease obligations 4,192 3,914
Accounts payable 14,107 15,427
Accrued and other liabilities 34,058 38,460
Current liabilities held for sale 154 240
Total current liabilities 52,511 58,041
Acquisition debt, net of current portion 4,856 4,895
Long-term liabilities held for sale 1,963 13,842
Credit facility 118,470 135,382
Obligations under finance leases, net of current portion 9,152 6,045
Obligations under operating leases, net of current portion 13,379 14,035
Deferred preneed cemetery revenue 60,214 61,767
Deferred preneed funeral revenue 39,152 39,261
Deferred tax liability 53,893 51,429
Other long-term liabilities 1,058 1,179
Deferred preneed cemetery receipts held in trust 103,817 98,120
Deferred preneed funeral receipts held in trust 108,290 106,219
Care trusts’ corpus 88,638 84,218
Total liabilities 1,052,167 1,071,030
Commitments and contingencies:
Stockholders’ equity:    
Common stock, $0.01 par value; 80,000,000 shares authorized and 27,321,003 and 26,881,355 shares issued, respectively and 15,692,935 and 15,253,537 shares outstanding, respectively 273 269
Additional paid-in capital 237,407 243,825
Retained earnings 264,135 243,209
Treasury stock, at cost; 11,627,818 shares (278,753) (278,753)
Total stockholders’ equity 223,062 208,550
Total liabilities and stockholders’ equity 1,275,229 1,279,580
Senior notes    
Current liabilities:    
Senior notes $ 396,774 $ 396,597