CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 40,531 $ 952
Accounts receivable, net of allowance for bad debts of $835 in 2017 and $854 in 2018 17,026 19,655
Inventories 6,616 6,519
Prepaid expenses 1,571 2,028
Other current assets 2,460 986
Total current assets 68,204 30,140
Preneed cemetery trust investments 70,278 73,853
Preneed funeral trust investments 91,203 90,682
Preneed receivables, net of allowance for bad debts of $2,278 in 2017 and $2,380 in 2018 21,327 31,644
Receivables from preneed trusts 16,313 15,287
Property, plant and equipment, net of accumulated depreciation of $115,776 in 2017 and $120,246 in 2018 244,579 247,294
Cemetery property, net of accumulated amortization of $37,543 in 2017 and $39,342 in 2018 75,599 76,331
Goodwill 287,956 287,956
Intangible and other non-current assets 21,552 18,117
Cemetery perpetual care trust investments 48,600 50,229
Total assets 945,611 921,533
Current liabilities:    
Current portion of long-term debt and capital lease obligations 2,402 17,251
Accounts payable 5,788 6,547
Other liabilities 875 1,361
Accrued liabilities 17,021 17,559
Total current liabilities 26,086 42,718
Long-term debt, net of current portion 7,818 212,154
Convertible subordinated notes due 2021 25,425 124,441
Senior notes due 2026 318,807 0
Obligations under capital leases, net of current portion 6,287 6,361
Deferred preneed cemetery revenue 50,699 54,690
Deferred preneed funeral revenue 27,740 34,585
Deferred tax liability 30,293 31,159
Other long-term liabilities 2,843 3,378
Deferred preneed cemetery receipts held in trust 70,278 73,853
Deferred preneed funeral receipts held in trust 91,203 90,682
Care trusts’ corpus 48,154 49,856
Total liabilities 705,633 723,877
Commitments and contingencies
Stockholders’ equity:    
Common stock, $.01 par value; 80,000,000 shares authorized and 22,622,242 and 25,677,025 shares issued at December 31, 2017 and June 30, 2018, respectively 257 226
Additional paid-in capital 244,215 216,158
Retained earnings 72,138 57,904
Treasury stock, at cost; 6,523,370 shares at December 31, 2017 and June 30, 2018 (76,632) (76,632)
Total stockholders’ equity 239,978 197,656
Total liabilities and stockholders’ equity $ 945,611 $ 921,533