Revenue From Contracts With Customers (Tables)

6 Months Ended

Jun. 30, 2018

Revenues, disaggregated by major source for each of our reportable segments was as follows (in thousands):



Three Months Ended June 30, 2018
	Funeral		Cemetery		Total
Services	$	29,023	$	2,949	$	31,972
Merchandise	17,296		2,372		19,668
Cemetery interment rights	—		7,863		7,863
Revenue from contracts with customers	$	46,319	$	13,184	$	59,503

Preneed funeral commission income	$	354	$	—	$	354
Preneed trust earnings	1,728		1,433		3,161
Preneed trust management fees	131		202		333
Preneed cemetery finance charges	—		496		496
Financial revenues	$	2,213	$	2,131	$	4,344
Total Revenues	$	48,532	$	15,315	$	63,847



Three Months Ended June 30, 2017
	Funeral		Cemetery		Total
Services	$	29,205	$	2,926	$	32,131
Merchandise	17,475		2,166		19,641
Cemetery interment rights	—		7,543		7,543
Revenue from contracts with customers	$	46,680	$	12,635	$	59,315

Preneed funeral commission income	$	333	$	—	$	333
Preneed trust earnings	1,590		1,828		3,418
Preneed trust management fees	136		200		336
Preneed cemetery finance charges	—		450		450
Financial revenues	$	2,059	$	2,478	$	4,537
Total Revenues	$	48,739	$	15,113	$	63,852

Deferred revenue is presented net of amounts due on undelivered preneed contracts shown below as of January 1, 2018 and June 30, 2018 (in thousands):



	January 1, 2018⁽¹⁾			June 30, 2018
Contract liabilities:
Deferred preneed cemetery revenue	$	54,690		$	55,264
Less: Balances due on undelivered cemetery preneed contracts⁽²⁾	(4,594		)	(4,565		)
Deferred preneed cemetery revenue, net	$	50,096		$	50,699

Deferred preneed funeral revenue	$	34,585		$	36,018
Less: Balances due on undelivered funeral preneed contracts⁽³⁾	(7,934		)	(8,278		)
Deferred preneed funeral revenue, net	$	26,651		$	27,740




(1)	January 1, 2018 balances have been adjusted to reflect the cumulative effect of changes for the adoption of ASC 606.
(2)	In accordance with Topic 606, $1.4 million of cemetery accounts receivables have been reclassified to reduce deferred preneed cemetery revenue at both January 1, 2018 and June 30, 2018 and $3.2 million of preneed cemetery receivables have been reclassified to reduce deferred preneed cemetery revenue at both January 1, 2018 and June 30, 2018.
(3)	In accordance with Topic 606, $7.9 million and $8.3 million of preneed funeral receivables have been reclassified to reduce deferred preneed funeral revenue at January 1, 2018 and June 30, 2018, respectively.