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Receivables (Tables)

9 Months Ended

Sep. 30, 2023

Preneed Cemetery Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

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

			September 30, 2023
			Funeral						Cemetery						Corporate						Total
Trade and financed receivables			$	7,983					$	18,240					$	—					$	26,223
Other receivables			336						391						100						827
Allowance for credit losses			(285)						(1,241)						—						(1,526)
Accounts receivable, net			$	8,034					$	17,390					$	100					$	25,524

			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

Preneed Cemetery Receivables

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

			December 31, 2022						September 30, 2023
Interment rights			$	45,351					$	58,032
Merchandise and services			8,585						10,574
Unearned finance charges			4,894						5,407
Preneed cemetery receivables			$	58,830					$	74,013

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

			December 31, 2022						September 30, 2023
Preneed cemetery receivables			$	58,830					$	74,013
Less: unearned finance charges			(4,894)						(5,407)
Preneed cemetery receivables, at amortized cost			$	53,936					$	68,606
Less: allowance for credit losses			(1,985)						(3,548)
Less: balances due on undelivered cemetery preneed contracts			(11,552)						(13,727)
Less: amounts in accounts receivable			(13,727)						(16,999)
Preneed cemetery receivables, net			$	26,672					$	34,332

The amortized cost basis of our preneed cemetery receivables by year of origination at September 30, 2023 is as follows (in thousands):

			2023						2022						2021						2020						2019						Prior						Total
Total preneed cemetery receivables, at amortized cost			$	27,143					$	21,505					$	11,134					$	5,312					$	1,909					$	1,603					$	68,606

Preneed Cemetery Receivables

The following table summarizes the activity in our allowance for credit losses by segment (in thousands):

			January 1, 2023						Provision for Credit Losses												Write Offs						Recoveries						September 30, 2023
Trade and financed receivables:
Funeral			$	(311)					$	(858)											$	1,745					$	(861)					$	(285)
Cemetery			(702)						(548)												9						—						(1,241)
Total allowance for credit losses on trade and financed receivables			$	(1,013)					$	(1,406)											$	1,754					$	(861)					$	(1,526)

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

			January 1, 2023						Provision for Credit Losses						Write Offs						September 30, 2023
Total allowance for credit losses on Preneed cemetery receivables, net			$	(1,283)					$	(908)					$	(116)					$	(2,307)

Aging of Past Due Financing Receivables

The aging of past due preneed cemetery receivables at September 30, 2023 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			$	1,174					$	739					$	648					$	3,686					$	6,247					$	48,632					$	54,879
Deferred revenue			281						294						124						1,292						1,991						17,143						19,134
Total contracts			$	1,455					$	1,033					$	772					$	4,978					$	8,238					$	65,775					$	74,013

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- Definition

PRENEED CEMETERY RECEIVABLES

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Tabular disclosure of allowance for credit loss on financing receivable.

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Tabular disclosure of aging analysis for 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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