CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 871 $ 535
Accounts receivable, net of allowance for bad debts of $1,054 in 2015 and $943 in 2016 17,911 18,181
Inventories 5,782 5,654
Prepaid expenses 4,770 4,684
Other current assets 3,853 4,707
Total current assets 33,187 33,761
Preneed cemetery trust investments 60,432 63,291
Preneed funeral trust investments 83,132 85,553
Preneed receivables, net of allowance for bad debts of $2,042 in 2015 and $2,046 in 2016 28,224 27,998
Receivables from preneed trusts 13,050 13,544
Property, plant and equipment, net of accumulated depreciation of $103,306 in 2015 and $105,016 in 2016 216,864 214,874
Cemetery property, net of accumulated amortization of $30,289 in 2015 and $31,282 in 2016 75,784 75,597
Goodwill 264,416 264,416
Deferred charges and other non-current assets 10,748 10,978
Cemetery perpetual care trust investments 41,341 43,127
Total assets 827,178 833,139
Current liabilities:    
Current portion of long-term debt and capital lease obligations 12,533 12,236
Accounts payable 6,162 7,917
Other liabilities 2,535 524
Accrued liabilities 14,623 16,541
Total current liabilities 35,853 37,218
Long-term debt, net of current portion 139,413 103,495
Revolving credit facility 52,633 91,514
Convertible subordinated notes due 2021 116,278 115,227
Obligations under capital leases, net of current portion 2,816 2,875
Deferred preneed cemetery revenue 56,692 56,721
Deferred preneed funeral revenue 31,209 31,748
Deferred tax liability 38,968 39,956
Other long-term liabilities 5,782 5,531
Deferred preneed cemetery receipts held in trust 60,432 63,291
Deferred preneed funeral receipts held in trust 83,132 85,553
Care trusts’ corpus 41,292 42,416
Total liabilities $ 664,500 $ 675,545
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized; 22,497,873 and 22,481,301 issued as of December 31, 2015 and March 31, 2016, respectively $ 225 $ 225
Additional paid-in capital 214,763 214,250
Retained earnings 7,956 3,385
Treasury stock, at cost; 5,849,316 shares at December 31, 2015 and March 31, 2016. (60,266) (60,266)
Total stockholders’ equity 162,678 157,594
Total liabilities and stockholders’ equity $ 827,178 $ 833,139