Receivables from Preneed Trusts

12 Months Ended

Dec. 31, 2021

Receivables From Preneed Trusts [Abstract]

Our receivables from preneed funeral 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 funeral trusts are as follows (in thousands):


	December 31, 2020		December 31, 2021
Preneed funeral trust funds, at cost	$	17,365	$	19,597
Less: allowance for contract cancellation	(521)		(588)
Receivables from preneed funeral trusts, net	$	16,844	$	19,009

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 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 December 31, 2021 is as follows (in thousands):


	Historical Cost Basis		Fair Value
As of December 31, 2021
Cash and cash equivalents	$	5,595	$	5,595
Fixed income investments	11,386		11,386
Mutual funds and common stocks	2,611		2,682
Annuities	5		5
Total	$	19,597	$	19,668

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


	Historical Cost Basis		Fair Value
As of December 31, 2020
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