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Receivables (Tables)

12 Months Ended

Dec. 31, 2022

Preneed Cemetery Receivables [Abstract]

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