CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 806 $ 3,286
Accounts receivable, net of allowance for bad debts of $1,071 in 2016 and $1,057 in 2017 17,712 18,860
Inventories 6,313 6,147
Prepaid expenses 2,426 2,640
Other current assets 106 2,034
Total current assets 27,363 32,967
Preneed cemetery trust investments 69,975 69,696
Preneed funeral trust investments 89,104 89,240
Preneed receivables, net of allowance for bad debts of $2,166 in 2016 and $2,132 in 2017 30,839 30,383
Receivables from preneed trusts 14,652 14,218
Property, plant and equipment, net of accumulated depreciation of $110,509 in 2016 and $113,325 in 2017 234,416 235,113
Cemetery property, net of accumulated amortization of $34,194 in 2016 and $34,961 in 2017 76,543 76,119
Goodwill 275,487 275,487
Intangible and other non-current assets 14,878 14,957
Cemetery perpetual care trust investments 47,716 46,889
Total assets 880,973 885,069
Current liabilities:    
Current portion of long-term debt and capital lease obligations 14,265 13,267
Accounts payable 7,419 10,198
Other liabilities 3,285 717
Accrued liabilities 11,394 20,091
Total current liabilities 36,363 44,273
Long-term debt, net of current portion 133,741 137,862
Revolving credit facility 64,011 66,542
Convertible subordinated notes due 2021 120,760 119,596
Obligations under capital leases, net of current portion 2,580 2,630
Deferred preneed cemetery revenue 55,156 54,631
Deferred preneed funeral revenue 33,981 33,198
Deferred tax liability 40,717 40,555
Other long-term liabilities 1,798 2,567
Deferred preneed cemetery receipts held in trust 69,975 69,696
Deferred preneed funeral receipts held in trust 89,104 89,240
Care trusts’ corpus 47,250 46,290
Total liabilities 695,436 707,080
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 22,490,855 and 22,552,667 shares issued at December 31, 2016 and March 31, 2017, respectively 226 225
Additional paid-in capital 215,527 215,064
Retained earnings 30,050 22,966
Treasury stock, at cost; 5,849,316 shares at December 31, 2016 and March 31, 2017 (60,266) (60,266)
Total stockholders’ equity 185,537 177,989
Total liabilities and stockholders’ equity $ 880,973 $ 885,069