Receivables

3 Months Ended

Mar. 31, 2021

Preneed Cemetery Receivables [Abstract]

RECEIVABLES

Accounts Receivable

Accounts receivable is comprised of the following (in thousands):


	March 31, 2021
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	9,827	$	12,451	$	—	$	22,278
Other receivables	426		2,769		1,395		4,590
Allowance for credit losses	(284)		(999)		—		(1,283)
Accounts receivable, net	$	9,969	$	14,221	$	1,395	$	25,585


	December 31, 2020
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	11,448	$	12,230	$	—	$	23,678
Other receivables	367		2,144		201		2,712
Allowance for credit losses	(327)		(960)		—		(1,287)
Accounts receivable, net	$	11,488	$	13,414	$	201	$	25,103

Other receivables include supplier rebates, commissions due from third party insurance companies, perpetual care income receivables and proceeds due from an insurance claim. 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 (in thousands):


	January 1, 2021		Provision for Credit Losses		Write Offs		Recoveries		March 31, 2021
Trade and financed receivables:
Funeral	$	(327)	$	(203)	$	553	$	(307)	$	(284)
Cemetery	(960)		(139)		100		—		(999)
Total allowance for credit losses on Trade and financed receivables	$	(1,287)	$	(342)	$	653	$	(307)	$	(1,283)

Preneed Cemetery Receivables

Our preneed cemetery receivables are comprised of the following (in thousands):


	December 31, 2020		March 31, 2021
Cemetery interment rights	$	36,696	$	38,108
Cemetery merchandise and services	10,526		10,789
Cemetery financed receivables	$	47,222	$	48,897

The components of our preneed cemetery receivables are as follows (in thousands):


	December 31, 2020		March 31, 2021
Preneed cemetery receivables	$	47,222	$	48,897
Less: unearned finance charges	(4,348)		(4,508)
Preneed cemetery receivables, at amortized cost	$	42,874	$	44,389
Less: allowance for credit losses	(2,604)		(2,864)
Less: balances due on undelivered cemetery preneed contracts	(7,919)		(8,540)
Less: amounts in accounts receivable	(11,270)		(11,452)
Preneed cemetery receivables, net	$	21,081	$	21,533

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net (in thousands):


	January 1, 2021		Provision for Credit Losses		Write Offs		March 31, 2021
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,644)	$	(246)	$	25	$	(1,865)

The amortized cost basis of our preneed cemetery receivables by year of origination as of March 31, 2021 is as follows (in thousands):


	2021		2020		2019		2018		2017		Prior		Total
Total preneed cemetery receivables, at amortized cost	$	7,913	$	16,490	$	9,585	$	5,118	$	2,814	$	2,469	$	44,389

The aging of past due preneed cemetery receivables as of March 31, 2021 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	$	623	$	404	$	194	$	1,990	$	3,211	$	32,953	$	36,164
Deferred revenue	184		140		46		600		970		11,763		12,733
Total contracts	$	807	$	544	$	240	$	2,590	$	4,181	$	44,716	$	48,897