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Receivables from Preneed Trusts (Tables)

9 Months Ended

Sep. 30, 2023

Receivables From Preneed Trusts [Abstract]


	December 31, 2022		September 30, 2023
Preneed funeral trust funds, at cost	$	20,594	$	21,954
Less: allowance for contract cancellation	(618)		(659)
Receivables from preneed funeral trusts, net	$	19,976	$	21,295

Composition of Assets Held in Trust

The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations related to the underlying preneed funeral contracts at December 31, 2022 and September 30, 2023. 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 September 30, 2023 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,442	$	6,442
Fixed income investments	12,661		12,661
Mutual funds and common stocks	2,847		2,519
Annuities	4		4
Total	$	21,954	$	21,626

The composition of the preneed funeral trust funds at December 31, 2022 is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,071	$	6,071
Fixed income investments	11,795		11,795
Mutual funds and common stocks	2,725		2,440
Annuities	3		3
Total	$	20,594	$	20,309