CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 558 $ 413
Accounts receivable, net of allowance for bad debts of $1,127 in 2014 and $902 in 2015 16,909 19,264
Inventories 5,502 5,294
Prepaid expenses 3,451 4,590
Other current assets 2,539 7,144
Total current assets 28,959 36,705
Preneed cemetery trust investments 71,894 71,972
Preneed funeral trust investments 96,002 97,607
Preneed receivables, net of allowance for bad debts of $2,339 in 2014 and $1,915 in 2015 26,448 26,284
Receivables from preneed trusts, net of allowance for contract cancellations of $396 in 2014 and $400 in 2015 12,939 12,809
Property, plant and equipment, net of accumulated depreciation of $95,249 in 2014 and $98,730 in 2015 205,332 186,211
Cemetery property, net of accumulated amortization of $26,875 in 2014 and $28,500 in 2015 75,516 75,564
Goodwill 261,291 257,442
Deferred charges and other non-current assets 14,899 14,264
Cemetery perpetual care trust investments 48,620 48,670
Total assets 841,900 827,528
Current liabilities:    
Current portion of long-term debt and capital lease obligations 10,705 9,838
Accounts payable 6,639 6,472
Other liabilities 3,698 1,437
Accrued liabilities 12,942 15,203
Total current liabilities 33,984 32,950
Long-term debt, net of current portion 110,571 111,887
Revolving credit facility 46,400 40,500
Convertible subordinated notes due 2021 116,220 114,542
Obligations under capital leases, net of current portion 2,989 3,098
Deferred preneed cemetery revenue 56,298 56,875
Deferred preneed funeral revenue 31,028 31,265
Deferred tax liability 36,353 36,414
Other long-term liabilities 3,601 2,401
Deferred preneed cemetery receipts held in trust 71,894 71,972
Deferred preneed funeral receipts held in trust 96,002 97,607
Care trusts’ corpus 48,154 48,142
Total liabilities $ 653,494 $ 647,653
Commitments and contingencies    
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 22,434,000 and 22,449,000 shares issued at December 31, 2014 and June 30, 2015, respectively $ 224 $ 224
Additional paid-in capital 213,024 212,386
Accumulated deficit (6,493) (17,468)
Treasury stock, at cost; 3,922,000 and 4,047,000 shares at December 31, 2014 and June 30, 2015, respectively (18,349) (15,267)
Total stockholders’ equity 188,406 179,875
Total liabilities and stockholders’ equity $ 841,900 $ 827,528