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Receivables | 3 Months Ended
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Mar. 31, 2020
Preneed Cemetery Receivables [Abstract] |
Receivables | RECEIVABLES Accounts Receivable Accounts receivable is comprised of the following at December 31, 2019 and March 31, 2020 (in thousands):
| March 31, 2020
| Funeral |  |  | Cemetery |  |  | Corporate |  |  | Total |
Trade and financed receivables | $ | 9,537 |  |  | $ | 11,057 |  |  | $ | — |  |  | $ | 20,594 |
Other receivables | 311 |  |  | 870 |  |  | 298 |  |  | 1,479 |
Allowance for credit losses | (258 | ) |  | (970 | ) |  | — |  |  | (1,228 | )
Accounts receivable, net | $ | 9,590 |  |  | $ | 10,957 |  |  | $ | 298 |  |  | $ | 20,845 |
| December 31, 2019
| Funeral |  |  | Cemetery |  |  | Corporate |  |  | Total |
Trade and financed receivables | $ | 10,046 |  |  | $ | 10,508 |  |  | $ | — |  |  | $ | 20,554 |
Other receivables | 935 |  |  | 157 |  |  | 681 |  |  | 1,773 |
Allowance for bad debt and contract cancellation | (223 | ) |  | (626 | ) |  | — |  |  | (849 | )
Accounts receivable, net | $ | 10,758 |  |  | $ | 10,039 |  |  | $ | 681 |  |  | $ | 21,478 |
Other receivables include supplier rebates, commissions due from third party insurance companies and perpetual care income receivables. We do not provide an allowance for credit losses for these receivables as we have historically not had any collectability issues nor do we expect any in the foreseeable future. The following table summarizes the activity in our allowance for credit losses by portfolio segment for three months ended March 31, 2020 (in thousands):
| January 1, 2020 |  | Provision for Credit Losses |  | Allowance Recorded at Acquisition |  | Write Offs |  | Recoveries |  | March 31, 2020
Trade and financed receivables: |  |  |  |  |  |  |  |  |  |  |
Funeral | $ | (223 | ) |  | $ | (325 | ) |  | $ | — |  |  | $ | 465 |  |  | $ | (175 | ) |  | $ | (258 | )
Cemetery | (626 | ) |  | (137 | ) |  | (287 | ) |  | 80 |  |  | — |  |  | (970 | )
Total allowance for credit losses on Trade and financed receivables | $ | (849 | ) |  | $ | (462 | ) |  | $ | (287 | ) |  | $ | 545 |  |  | $ | (175 | ) |  | $ | (1,228 | )
As noted in Note 3, we acquired preneed cemetery receivables in connection with the business acquired during the three months ended March 31, 2020. We recorded an allowance for credit losses of $0.6 million on these acquired receivables ($0.3 million current portion shown above in Accounts Receivable, net and $0.3 million non-current portion shown below in Preneed Cemetery Receivables, net). We accounted for the allowance for credit losses on these purchased financed assets using specific identification as these assets have a unique set of risk characteristics. Bad debt expense for accounts receivable totaled $0.2 million for the three months ended March 31, 2019. Preneed Cemetery Receivables Our preneed cemetery receivables are comprised of the following at December 31, 2019 and March 31, 2020 (in thousands):
| December 31, 2019 |  |  | March 31, 2020 |
Cemetery interment rights | $ | 31,366 |  |  | $ | 33,067 |
Cemetery merchandise and services | 9,950 |  |  | 10,337 |
Preneed cemetery receivables | $ | 41,316 |  |  | $ | 43,404 |
The components of our preneed cemetery receivables at December 31, 2019 and March 31, 2020 are as follows (in thousands):
| December 31, 2019 |  |  | March 31, 2020 |
Preneed cemetery receivables | $ | 41,316 |  |  | $ | 43,404 |
Less: unearned finance charges | (4,522 | ) |  | (4,404 | )
Preneed cemetery receivables, at amortized cost | $ | 36,794 |  |  | $ | 39,000 |
Less: allowance for contract cancellation and credit losses | (1,916 | ) |  | (2,674 | )
Less: balances due on undelivered cemetery preneed contracts | (4,823 | ) |  | (5,837 | )
Less: amounts in accounts receivable | (9,882 | ) |  | (10,087 | )
Preneed cemetery receivables, net | $ | 20,173 |  |  | $ | 20,402 |
The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for three months ended March 31, 2020 (in thousands):
| January 1, 2020 |  | Provision for Credit Losses |  | Allowance Recorded at Acquisition |  | Write Offs |  | March 31, 2020
Total allowance for credit losses on Preneed cemetery receivables, net | $ | (1,290 | ) |  | $ | (228 | ) |  | $ | (318 | ) |  | $ | 132 |  |  | $ | (1,704 | )
Bad debt expense for our preneed cemetery receivables totaled $0.2 million for the three months ended March 31, 2019. The amortized cost basis of our preneed cemetery receivables by year of origination as of March 31, 2020 is as follows (in thousands):
| 2020 |  |  | 2019 |  |  | 2018 |  |  | 2017 |  |  | 2016 |  |  | Prior |  |  | Total |
Total preneed cemetery receivables, at amortized cost | $ | 4,450 |  |  | $ | 15,420 |  |  | $ | 8,300 |  |  | $ | 5,050 |  |  | $ | 2,900 |  |  | $ | 2,880 |  |  | $ | 39,000 |
The aging of past due preneed cemetery receivables as of March 31, 2020 is as follows (in thousands):
| 31-60 Past Due |  | 61-90 Past Due |  | 91-120 Past Due |  | >120 Past Due |  | Total Past Due |  | Current |  | Total
Recognized revenue | $ | 807 |  |  | $ | 458 |  |  | $ | 242 |  |  | $ | 2,168 |  |  | $ | 3,675 |  |  | $ | 28,892 |  |  | $ | 32,567 |
Deferred revenue | 243 |  |  | 165 |  |  | 92 |  |  | 237 |  |  | 737 |  |  | 10,100 |  |  | 10,837 |
Total contracts | $ | 1,050 |  |  | $ | 623 |  |  | $ | 334 |  |  | $ | 2,405 |  |  | $ | 4,412 |  |  | $ | 38,992 |  |  | $ | 43,404 |

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- Definition PRENEED CEMETERY RECEIVABLES + References No definition available. + Details
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- Definition This note represents disclosures relating to preneed cemetary receivables. + References No definition available. + Details
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Namespace Prefix: | csv_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration