Receivables

3 Months Ended

Mar. 31, 2022

Preneed Cemetery Receivables [Abstract]

RECEIVABLES

Accounts Receivable

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


	March 31, 2022
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	10,455	$	13,754	$	—	$	24,209
Other receivables	407		1,729		203		2,339
Allowance for credit losses	(379)		(599)		—		(978)
Accounts receivable, net	$	10,483	$	14,884	$	203	$	25,570


	December 31, 2021
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	10,728	$	13,629	$	—	$	24,357
Other receivables	329		1,433		185		1,947
Allowance for credit losses	(365)		(625)		—		(990)
Accounts receivable, net	$	10,692	$	14,437	$	185	$	25,314

Other receivables include supplier rebates, commissions due from third party insurance companies and perpetual care income receivables. 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, 2022		Provision for Credit Losses		Write Offs		Recoveries		March 31, 2022
Trade and financed receivables:
Funeral	$	(365)	$	(537)	$	807	$	(284)	$	(379)
Cemetery	(625)		(115)		141		—		(599)
Total allowance for credit losses on Trade and financed receivables	$	(990)	$	(652)	$	948	$	(284)	$	(978)

Preneed Cemetery Receivables

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


	December 31, 2021		March 31, 2022
Interment rights	$	40,863	$	40,635
Merchandise and services	7,348		7,518
Unearned finance charges	4,644		4,573
Preneed cemetery receivables	$	52,855	$	52,726

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


	December 31, 2021		March 31, 2022
Preneed cemetery receivables	$	52,855	$	52,726
Less: unearned finance charges	(4,644)		(4,573)
Preneed cemetery receivables, at amortized cost	$	48,211	$	48,153
Less: allowance for credit losses	(1,704)		(1,642)
Less: balances due on undelivered cemetery preneed contracts	(10,353)		(10,795)
Less: amounts in accounts receivable	(13,004)		(13,155)
Preneed cemetery receivables, net	$	23,150	$	22,561

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


	January 1, 2022		Provision for Credit Losses		Write Offs		March 31, 2022
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,079)	$	(185)	$	221	$	(1,043)

The amortized cost basis of our preneed cemetery receivables by year of origination at March 31, 2022 is as follows (in thousands):


	2022		2021		2020		2019		2018		Prior		Total
Total preneed cemetery receivables, at amortized cost	$	7,511	$	20,195	$	9,856	$	5,842	$	2,604	$	2,145	$	48,153

The aging of past due preneed cemetery receivables at March 31, 2022 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	$	983	$	344	$	282	$	1,861	$	3,470	$	33,888	$	37,358
Deferred revenue	706		86		89		436		1,317		14,051		15,368
Total contracts	$	1,689	$	430	$	371	$	2,297	$	4,787	$	47,939	$	52,726