Receivables from Preneed Trusts (Tables)

9 Months Ended

Sep. 30, 2019

Receivables From Preneed Trusts [Abstract]

As of December 31, 2018 and September 30, 2019, receivables from preneed trusts are as follows (in thousands):



	December 31, 2018			September 30, 2019
Preneed trust funds, at cost	$	17,601		$	18,545
Less: allowance for contract cancellation	(528		)	(556		)
Receivables from preneed trusts, net	$	17,073		$	17,989

Composition of Assets Held in Trust

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 September 30, 2019 and December 31, 2018. 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 September 30, 2019 is as follows (in thousands):



	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,443	$	4,443
Fixed income investments	11,558		11,558
Mutual funds and common stocks	2,539		2,618
Annuities	5		5
Total	$	18,545	$	18,624

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



	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,172	$	4,172
Fixed income investments	10,668		10,668
Mutual funds and common stocks	2,755		2,709
Annuities	6		6
Total	$	17,601	$	17,555