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Revenue From Contracts With Customers (Notes) | 9 Months Ended
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Sep. 30, 2018
Revenue from Contract with Customer [Abstract] |
Revenue From Contracts With Customers | REVENUE FROM CONTRACTS WITH CUSTOMERS Revenues Our operations are reported in two business segments: Funeral Home Operations and Cemetery Operations. Revenues, disaggregated by major source for each of our reportable segments was as follows (in thousands):
Three Months Ended September 30, 2018 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 30,231 |  |  | $ | 2,774 |  |  | $ | 33,005 |
Merchandise |  | 17,525 |  |  | 2,064 |  |  | 19,589 |
Cemetery interment rights |  | — |  |  | 7,435 |  |  | 7,435 |
Revenue from contracts with customers |  | $ | 47,756 |  |  | $ | 12,273 |  |  | $ | 60,029 |
Preneed funeral commission income |  | $ | 360 |  |  | $ | — |  |  | $ | 360 |
Preneed trust earnings |  | 1,594 |  |  | 1,440 |  |  | 3,034 |
Preneed trust management fees |  | 133 |  |  | 201 |  |  | 334 |
Preneed cemetery finance charges |  | — |  |  | 484 |  |  | 484 |
Financial revenues |  | 2,087 |  |  | 2,125 |  |  | 4,212 |
Total Revenues |  | $ | 49,843 |  |  | $ | 14,398 |  |  | $ | 64,241 |
Three Months Ended September 30, 2017 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 28,385 |  |  | $ | 2,803 |  |  | $ | 31,188 |
Merchandise |  | 17,011 |  |  | 1,932 |  |  | 18,943 |
Cemetery interment rights |  | — |  |  | 6,773 |  |  | 6,773 |
Revenue from contracts with customers |  | $ | 45,396 |  |  | $ | 11,508 |  |  | $ | 56,904 |
Preneed funeral commission income |  | $ | 315 |  |  | $ | — |  |  | $ | 315 |
Preneed trust earnings |  | 1,481 |  |  | 1,566 |  |  | 3,047 |
Preneed trust management fees |  | 137 |  |  | 202 |  |  | 339 |
Preneed cemetery finance charges |  | — |  |  | 449 |  |  | 449 |
Financial revenues |  | 1,933 |  |  | 2,217 |  |  | 4,150 |
Total Revenues |  | $ | 47,329 |  |  | $ | 13,725 |  |  | $ | 61,054 |
Nine Months Ended September 30, 2018 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 94,818 |  |  | $ | 8,850 |  |  | $ | 103,668 |
Merchandise |  | 55,539 |  |  | 6,386 |  |  | 61,925 |
Cemetery interment rights |  | — |  |  | 22,808 |  |  | 22,808 |
Revenue from contracts with customers |  | $ | 150,357 |  |  | $ | 38,044 |  |  | $ | 188,401 |
Preneed funeral commission income |  | $ | 974 |  |  | $ | — |  |  | $ | 974 |
Preneed trust earnings |  | 5,236 |  |  | 4,422 |  |  | 9,658 |
Preneed trust management fees |  | 402 |  |  | 613 |  |  | 1,015 |
Preneed cemetery finance charges |  | — |  |  | 1,427 |  |  | 1,427 |
Financial revenues |  | 6,612 |  |  | 6,462 |  |  | 13,074 |
Total Revenues |  | $ | 156,969 |  |  | $ | 44,506 |  |  | $ | 201,475 |
Nine Months Ended September 30, 2017 |  |  |  |  |  |
|  | Funeral |  | Cemetery |  | Total
Services |  | $ | 90,392 |  |  | $ | 8,734 |  |  | $ | 99,126 |
Merchandise |  | 53,649 |  |  | 5,936 |  |  | 59,585 |
Cemetery interment rights |  | — |  |  | 21,221 |  |  | 21,221 |
Revenue from contracts with customers |  | $ | 144,041 |  |  | $ | 35,891 |  |  | $ | 179,932 |
Preneed funeral commission income |  | $ | 951 |  |  | $ | — |  |  | $ | 951 |
Preneed trust earnings |  | 4,875 |  |  | 4,908 |  |  | 9,783 |
Preneed trust management fees |  | 412 |  |  | 604 |  |  | 1,016 |
Preneed cemetery finance charges |  | — |  |  | 1,381 |  |  | 1,381 |
Financial revenues |  | 6,238 |  |  | 6,893 |  |  | 13,131 |
Total Revenues |  | $ | 150,279 |  |  | $ | 42,784 |  |  | $ | 193,063 |
Deferred Revenue Deferred revenue is presented net of amounts due on undelivered preneed contracts shown below as of January 1, 2018 and September 30, 2018 (in thousands):
| January 1, 2018(1) |  | September 30, 2018
Contract liabilities: |  |  |
Deferred preneed cemetery revenue | $ | 54,690 |  |  | $ | 50,642 |
Less: Balances due on undelivered cemetery preneed contracts(2) | (4,594 | ) |  | (4,486 | )
Deferred preneed cemetery revenue, net | $ | 50,096 |  |  | $ | 46,156 |
Deferred preneed funeral revenue | $ | 34,585 |  |  | $ | 36,461 |
Less: Balances due on undelivered funeral preneed contracts(3) | (7,934 | ) |  | (8,308 | )
Deferred preneed funeral revenue, net | $ | 26,651 |  |  | $ | 28,153 |
(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 September 30, 2018 and $3.2 million and $3.1 million of preneed cemetery receivables have been reclassified to reduce deferred preneed cemetery revenue at January 1, 2018 and September 30, 2018, respectively.
(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 September 30, 2018, respectively.
Our merchandise and service performance obligations related to our preneed contracts are considered fulfilled at the point in time the merchandise is delivered or the burial, cremation or interment service is performed. The transaction price allocated to preneed merchandise and service performance obligations that were unfulfilled at September 30, 2018 was $4.5 million for preneed cemetery contracts and $8.3 million for preneed funeral contracts. As these performance obligations are to be completed after the date of death, we cannot quantify the recognition of revenue for any given period. However, we estimate an average maturity period of eight years for preneed cemetery contracts and ten years for preneed funeral contracts.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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