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Receivables (Tables) | 12 Months Ended
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Dec. 31, 2022
Preneed Cemetery Receivables [Abstract] |
Preneed Cemetery Receivables | The following table summarizes the activity in our allowance for credit losses by portfolio segment for the year ended December 31, 2022 (in thousands):
| January 1, 2022 |  | Provision for Credit Losses |  | Write Offs |  | Recoveries |  | December 31, 2022
Trade and financed receivables: |  |  |  |  |  |  |  |  |
Funeral | $ | (365) |  |  | $ | (1,213) |  |  | $ | 2,060 |  |  | $ | (793) |  |  | $ | (311) |
Cemetery | (625) |  |  | (608) |  |  | 531 |  |  | — |  |  | (702) |
Total allowance for credit losses on Trade and financed receivables | $ | (990) |  |  | $ | (1,821) |  |  | $ | 2,591 |  |  | $ | (793) |  |  | $ | (1,013) |
The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the year ended December 31, 2022 (in thousands):
| January 1, 2022 |  | Provision for Credit Losses |  | Write Offs |  | December 31, 2022
Total allowance for credit losses on Preneed cemetery receivables, net | $ | (1,079) |  |  | $ | (997) |  |  | $ | 793 |  |  | $ | (1,283) |
Aging of Past Due Financing Receivables | The aging of past due preneed cemetery receivables as of December 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 | $ | 864 |  |  | $ | 555 |  |  | $ | 180 |  |  | $ | 2,146 |  |  | $ | 3,745 |  |  | $ | 38,639 |  |  | $ | 42,384 |
Deferred revenue | 285 |  |  | 184 |  |  | 74 |  |  | 1,009 |  |  | 1,552 |  |  | 14,894 |  |  | 16,446 |
Total contracts | $ | 1,149 |  |  | $ | 739 |  |  | $ | 254 |  |  | $ | 3,155 |  |  | $ | 5,297 |  |  | $ | 53,533 |  |  | $ | 58,830 |
The aging of past due preneed cemetery receivables as of December 31, 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 | $ | 777 |  |  | $ | 738 |  |  | $ | 210 |  |  | $ | 1,919 |  |  | $ | 3,644 |  |  | $ | 34,214 |  |  | $ | 37,858 |
Deferred revenue | 271 |  |  | 159 |  |  | 57 |  |  | 467 |  |  | 954 |  |  | 14,043 |  |  | 14,997 |
Total contracts | $ | 1,048 |  |  | $ | 897 |  |  | $ | 267 |  |  | $ | 2,386 |  |  | $ | 4,598 |  |  | $ | 48,257 |  |  | $ | 52,855 |
Schedule of Accounts, Notes, Loans and Financing Receivable | Accounts receivable is comprised of the following (in thousands):
| December 31, 2022
| Funeral |  | Cemetery |  | Corporate |  | Total
Trade and financed receivables | $ | 9,518 |  |  | $ | 14,429 |  |  | $ | — |  |  | $ | 23,947 |
Other receivables | 643 |  |  | 833 |  |  | 48 |  |  | 1,524 |
Allowance for credit losses | (311) |  |  | (702) |  |  | — |  |  | (1,013) |
Accounts receivable, net | $ | 9,850 |  |  | $ | 14,560 |  |  | $ | 48 |  |  | $ | 24,458 |
| 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 |  | December 31, 2022
Interment rights | $ | 40,863 |  |  | $ | 45,351 |
Merchandise and services | 7,348 |  |  | 8,585 |
Unearned finance charges | 4,644 |  |  | 4,894 |
Preneed cemetery receivables | $ | 52,855 |  |  | $ | 58,830 |
The components of our preneed cemetery receivables are as follows (in thousands):
| December 31, 2021 |  | December 31, 2022
Preneed cemetery receivables | $ | 52,855 |  |  | $ | 58,830 |
Less: unearned finance charges | (4,644) |  |  | (4,894) |
Preneed cemetery receivables, at amortized cost | $ | 48,211 |  |  | $ | 53,936 |
Less: allowance for credit losses | (1,704) |  |  | (1,985) |
Less: balances due on undelivered cemetery preneed contracts | (10,353) |  |  | (11,552) |
Less: amounts in accounts receivable | (13,004) |  |  | (13,727) |
Preneed cemetery receivables, net | $ | 23,150 |  |  | $ | 26,672 |
The amortized cost basis of our preneed cemetery receivables by year of origination as of December 31, 2022 is as follows (in thousands):
| 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  | Total
Total preneed cemetery receivables, at amortized cost | $ | 27,597 |  |  | $ | 13,005 |  |  | $ | 7,028 |  |  | $ | 3,736 |  |  | $ | 1,237 |  |  | $ | 1,333 |  |  | $ | 53,936 |

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