Receivables from Preneed Trusts

12 Months Ended

Dec. 31, 2013

Receivables From Preneed Trusts [Abstract]

RECEIVABLES FROM PRENEED TRUSTS

The receivables from preneed trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. During 2013, we transferred approximately $14.3 million of these trust assets to third parties, where we have a controlling financial interest. As of December 31, 2012 and 2013, receivables from preneed trusts were as follows (in thousands):



	December 31, 2012			December 31, 2013
	(in thousands)
Preneed trust funds, at cost	$	26,671		$	11,511
Less: allowance for contract cancellation	(800		)	(345		)
Receivables from preneed trusts, net	$	25,871		$	11,166

The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations under preneed arrangements related to the preceding contracts at December 31, 2013 and 2012. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes unrealized gains and losses on trust assets.



	Historical Cost Basis		Fair Value
	(in thousands)
As of December 31, 2013
Cash and cash equivalents	$	2,657	$	2,657
Fixed income investments	6,344		6,355
Mutual funds and common stocks	2,484		2,561
Annuities	26		26
Total	$	11,511	$	11,599



	Historical Cost Basis		Fair Value
	(in thousands)
As of December 31, 2012
Cash and cash equivalents	$	3,476	$	3,476
Fixed income investments	17,516		17,826
Mutual funds and common stocks	5,653		6,070
Annuities	26		26
Total	$	26,671	$	27,398