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Receivables from Preneed Trusts (Tables)
 6 Months Ended
Jun. 30, 2020
Receivables From Preneed Trusts [Abstract]  
Receivables from Preneed Trusts As of December 31, 2019 and June 30, 2020, receivables from preneed trusts are as follows (in thousands):
 
December 31, 2019

 
June 30, 2020

Preneed trust funds, at cost
$
18,581

 
$
18,012

Less: allowance for contract cancellation
(557
)
 
(541
)
Receivables from preneed trusts, net
$
18,024

 
$
17,471
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 June 30, 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 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


The composition of the preneed trust funds at June 30, 2020 is as follows (in thousands):
 
Historical
Cost Basis
 
Fair Value
Cash and cash equivalents
$
4,425

 
$
4,425

Fixed income investments
11,324

 
11,324

Mutual funds and common stocks
2,259

 
2,397

Annuities
4

 
4

Total
$
18,012

 
$
18,150