Receivables

6 Months Ended

Jun. 30, 2021

Preneed Cemetery Receivables [Abstract]

RECEIVABLES

Accounts Receivable

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


	June 30, 2021
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	9,018	$	13,014	$	—	$	22,032
Other receivables	436		2,120		303		2,859
Allowance for credit losses	(282)		(774)		—		(1,056)
Accounts receivable, net	$	9,172	$	14,360	$	303	$	23,835


	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		June 30, 2021
Trade and financed receivables:
Funeral	$	(327)	$	(367)	$	1,086	$	(674)	$	(282)
Cemetery	(960)		(175)		361		—		(774)
Total allowance for credit losses on Trade and financed receivables	$	(1,287)	$	(542)	$	1,447	$	(674)	$	(1,056)

Preneed Cemetery Receivables

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


	December 31, 2020		June 30, 2021
Cemetery interment rights	$	36,696	$	39,871
Cemetery merchandise and services	10,526		11,506
Cemetery financed receivables	$	47,222	$	51,377

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


	December 31, 2020		June 30, 2021
Preneed cemetery receivables	$	47,222	$	51,377
Less: unearned finance charges	(4,348)		(4,732)
Preneed cemetery receivables, at amortized cost	$	42,874	$	46,645
Less: allowance for credit losses	(2,604)		(2,142)
Less: balances due on undelivered cemetery preneed contracts	(7,919)		(9,836)
Less: amounts in accounts receivable	(11,270)		(12,240)
Preneed cemetery receivables, net	$	21,081	$	22,427

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		June 30, 2021
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,644)	$	(307)	$	583	$	(1,368)

The amortized cost basis of our preneed cemetery receivables by year of origination at June 30, 2021 is as follows (in thousands):


	2021		2020		2019		2018		2017		Prior		Total
Total preneed cemetery receivables, at amortized cost	$	15,429	$	13,943	$	8,602	$	4,392	$	2,235	$	2,044	$	46,645

The aging of past due preneed cemetery receivables at June 30, 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	$	689	$	769	$	111	$	1,902	$	3,471	$	33,624	$	37,095
Deferred revenue	329		152		30		401		912		13,370		14,282
Total contracts	$	1,018	$	921	$	141	$	2,303	$	4,383	$	46,994	$	51,377