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ASSETS HELD FOR SALE
12 Months Ended
Dec. 31, 2019
Discontinued Operations And Disposal Groups [Abstract]  
ASSETS HELD FOR SALE

22.ASSETS HELD FOR SALE

In October 2019, the Company committed to the Oakmont Sale (defined within) for an aggregate cash purchase price of $33.0 million, which was then consummated in January 2020. As such, the Company classified all assets and liabilities associated with the Oakmont Sale as Assets held for sale on its consolidated balance sheet as of December 31, 2019. The Company also had other immaterial assets and liabilities that met the assets held for sale criteria as of December 31, 2019. The following table summarizes the assets and liabilities that have been classified as Assets held for sale on the Company’s consolidated balance sheets as of December 31, 2019 and 2018:

 

 

December 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

Oakmont

 

 

Other

 

 

Total

 

 

Other

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable, net of allowance

 

$

580

 

 

$

—

 

 

$

580

 

 

$

—

 

Prepaid expenses

 

 

34

 

 

 

—

 

 

 

34

 

 

 

—

 

Other current assets

 

 

35

 

 

 

—

 

 

 

35

 

 

 

—

 

Total current assets held for sale

 

 

649

 

 

 

—

 

 

 

649

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term accounts receivable, net of allowance

 

 

3,194

 

 

 

—

 

 

 

3,194

 

 

 

—

 

Cemetery property

 

 

5,811

 

 

 

350

 

 

 

6,161

 

 

 

350

 

Property and equipment, net of accumulated depreciation

 

 

2,762

 

 

 

150

 

 

 

2,912

 

 

 

407

 

Merchandise trusts, restricted, at fair value

 

 

6,673

 

 

 

—

 

 

 

6,673

 

 

 

—

 

Perpetual care trusts, restricted, at fair value

 

 

2,470

 

 

 

—

 

 

 

2,470

 

 

 

—

 

Deferred selling and obtaining costs

 

 

1,388

 

 

 

—

 

 

 

1,388

 

 

 

—

 

Other assets

 

 

411

 

 

 

—

 

 

 

411

 

 

 

—

 

Total assets held for sale

 

$

23,358

 

 

$

500

 

 

$

23,858

 

 

$

757

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable and accrued liabilities

 

$

102

 

 

$

—

 

 

$

102

 

 

$

—

 

Current portion, long-term debt

 

 

36

 

 

 

—

 

 

 

36

 

 

 

—

 

Other current liabilities

 

 

5,000

 

 

 

—

 

 

 

5,000

 

 

 

 

 

Total current liabilities held for sale

 

 

5,138

 

 

 

—

 

 

 

5,138

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenues

 

 

12,856

 

 

 

—

 

 

 

12,856

 

 

 

—

 

Perpetual care trust corpus

 

 

2,470

 

 

 

—

 

 

 

2,470

 

 

 

—

 

Other long-term liabilities

 

 

204

 

 

 

—

 

 

 

204

 

 

 

—

 

Total liabilities held for sale

 

 

20,668

 

 

 

—

 

 

 

20,668

 

 

 

—

 

Net assets held for sale

 

$

2,690

 

 

$

500

 

 

$

3,190

 

 

$

757