Receivables from Preneed Trusts

3 Months Ended

Mar. 31, 2021

Receivables From Preneed Trusts [Abstract]

Our receivables from preneed trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. Receivables from preneed trusts are as follows (in thousands):


	December 31, 2020		March 31, 2021
Preneed trust funds, at cost	$	17,365	$	17,502
Less: allowance for contract cancellation	(521)		(526)
Receivables from preneed trusts, net	$	16,844	$	16,976

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 December 31, 2020 and March 31, 2021. 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, 2021 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,697	$	4,697
Fixed income investments	10,473		10,473
Mutual funds and common stocks	2,327		2,406
Annuities	5		5
Total	$	17,502	$	17,581

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


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	4,604	$	4,604
Fixed income investments	10,355		10,355
Mutual funds and common stocks	2,402		2,569
Annuities	4		4
Total	$	17,365	$	17,532