Receivables from Preneed Trusts (Tables)

3 Months Ended

Mar. 31, 2020

Receivables From Preneed Trusts [Abstract]

As of December 31, 2019 and March 31, 2020, receivables from preneed trusts are as follows (in thousands):



	December 31, 2019			March 31, 2020
Preneed trust funds, at cost	$	18,581		$	18,650
Less: allowance for contract cancellation	(557		)	(561		)
Receivables from preneed trusts, net	$	18,024		$	18,089

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 March 31, 2020 and December 31, 2019. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes unrealized gains and losses on trust assets.

The composition of the preneed trust funds at March 31, 2020 is as follows (in thousands):



	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,580	$	4,580
Fixed income investments	11,685		11,685
Mutual funds and common stocks	2,380		2,392
Annuities	5		5
Total	$	18,650	$	18,662

The composition of the preneed trust funds at December 31, 2019 is as follows (in thousands):



	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,533	$	4,533
Fixed income investments	11,603		11,603
Mutual funds and common stocks	2,440		2,518
Annuities	5		5
Total	$	18,581	$	18,659