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Receivables (Tables)

6 Months Ended

Jun. 30, 2022

Preneed Cemetery Receivables [Abstract]

Schedule of Accounts Receivable

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

			June 30, 2022
			Funeral						Cemetery						Corporate						Total
Trade and financed receivables			$	8,719					$	14,650					$	—					$	23,369
Other receivables			402						1,160						331						1,893
Allowance for credit losses			(328)						(626)						—						(954)
Accounts receivable, net			$	8,793					$	15,184					$	331					$	24,308

			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

Preneed Cemetery Receivables

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

			December 31, 2021						June 30, 2022
Interment rights			$	40,863					$	43,387
Merchandise and services			7,348						8,131
Unearned finance charges			4,644						4,769
Preneed cemetery receivables			$	52,855					$	56,287

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

			December 31, 2021						June 30, 2022
Preneed cemetery receivables			$	52,855					$	56,287
Less: unearned finance charges			(4,644)						(4,769)
Preneed cemetery receivables, at amortized cost			$	48,211					$	51,518
Less: allowance for credit losses			(1,704)						(1,732)
Less: balances due on undelivered cemetery preneed contracts			(10,353)						(10,063)
Less: amounts in accounts receivable			(13,004)						(14,024)
Preneed cemetery receivables, net			$	23,150					$	25,699

The amortized cost basis of our preneed cemetery receivables by year of origination at June 30, 2022 is as follows (in thousands):

			2022						2021						2020						2019						2018						Prior						Total
Total preneed cemetery receivables, at amortized cost			$	16,696					$	17,141					$	8,749					$	5,053					$	2,117					$	1,762					$	51,518

Preneed Cemetery Receivables

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						June 30, 2022
Trade and financed receivables:
Funeral			$	(365)					$	(869)											$	1,518					$	(612)					$	(328)
Cemetery			(625)						(300)												299						—						(626)
Total allowance for credit losses on Trade and financed receivables			$	(990)					$	(1,169)											$	1,817					$	(612)					$	(954)

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						June 30, 2022
Total allowance for credit losses on Preneed cemetery receivables, net			$	(1,079)					$	(488)					$	461					$	(1,106)

Aging of Past Due Financing Receivables

The aging of past due preneed cemetery receivables at June 30, 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			$	608					$	393					$	201					$	1,901					$	3,103					$	38,352					$	41,455
Deferred revenue			191						144						60						469						864						13,968						14,832
Total contracts			$	799					$	537					$	261					$	2,370					$	3,967					$	52,320					$	56,287

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PRENEED CEMETERY RECEIVABLES

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Tabular disclosure of allowance for credit loss on financing receivable.

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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