Receivables from Preneed Funeral Trusts

6 Months Ended

Jun. 30, 2022

Receivables From Preneed Trusts [Abstract]

RECEIVABLES FROM PRENEED FUNERAL TRUSTS

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, 2021		June 30, 2022
Preneed funeral trust funds, at cost	$	19,597	$	20,298
Less: allowance for contract cancellation	(588)		(609)
Receivables from preneed funeral trusts, net	$	19,009	$	19,689

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, 2021 and June 30, 2022. 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 funeral trust funds at June 30, 2022 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	5,927	$	5,927
Fixed income investments	11,706		11,706
Mutual funds and common stocks	2,661		2,436
Annuities	4		4
Total	$	20,298	$	20,073

The composition of the preneed funeral trust funds at December 31, 2021 is as follows (in thousands):


	Historical Cost Basis		Fair Value
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