Receivables from Preneed Trusts

3 Months Ended

Mar. 31, 2018

Receivables From Preneed Trusts [Abstract]

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. As of December 31, 2017 and March 31, 2018, receivables from preneed trusts were as follows (in thousands):



	December 31, 2017			March 31, 2018
Preneed trust funds, at cost	$	15,759		$	16,291
Less: allowance for contract cancellation	(472		)	(489		)
Receivables from preneed trusts, net	$	15,287		$	15,802

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 March 31, 2018 and December 31, 2017. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes the unrealized gains and losses on trust assets.

The composition of the preneed trust funds at March 31, 2018 was as follows (in thousands):



	Historical Cost Basis		Fair Value
As of March 31, 2018
Cash and cash equivalents	$	3,953	$	3,953
Fixed income investments	9,647		9,647
Mutual funds and common stocks	2,685		2,654
Annuities	6		6
Total	$	16,291	$	16,260

The composition of the preneed trust funds at December 31, 2017 was as follows (in thousands):



	Historical Cost Basis		Fair Value
As of December 31, 2017
Cash and cash equivalents	$	3,903	$	3,903
Fixed income investments	9,306		9,306
Mutual funds and common stocks	2,544		2,567
Annuities	6		6
Total	$	15,759	$	15,782