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Receivables (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 (in thousands):


	January 1, 2023		Provision for Credit Losses		Write Offs		Recoveries		December 31, 2023
Trade and financed receivables:
Funeral	$	(311)	$	(1,088)	$	2,229	$	(1,096)	$	(266)
Cemetery	(702)		(739)		201		—		(1,240)
Total allowance for credit losses on Trade and financed receivables	$	(1,013)	$	(1,827)	$	2,430	$	(1,096)	$	(1,506)

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the year ended December 31, 2023 (in thousands):


	January 1, 2023		Provision for Credit Losses		Write Offs		December 31, 2023
Total allowance for credit losses on Preneed cemetery receivables, net	$	(1,283)	$	(1,223)	$	251	$	(2,255)

Aging of Past Due Financing Receivables

The aging of past due cemetery receivables as of December 31, 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	$	1,877	$	715	$	353	$	3,790	$	6,735	$	49,554	$	56,289
Deferred revenue	466		139		90		1,388		2,083		19,383		21,466
Total contracts	$	2,343	$	854	$	443	$	5,178	$	8,818	$	68,937	$	77,755

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

Schedule of Accounts, Notes, Loans and Financing Receivable

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


	December 31, 2023
	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	8,822	$	18,459	$	—	$	27,281
Other receivables	404		595		286		1,285
Allowance for credit losses	(266)		(1,240)		—		(1,506)
Accounts receivable, net	$	8,960	$	17,814	$	286	$	27,060


	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

Cemetery Receivables

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


	December 31, 2022		December 31, 2023
Interment rights	$	45,351	$	60,863
Merchandise and services	8,585		11,223
Unearned finance charges	4,894		5,669
Cemetery receivables	$	58,830	$	77,755

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


	December 31, 2022		December 31, 2022
Cemetery receivables	$	58,830	$	77,755
Less: unearned finance charges	(4,894)		(5,669)
Cemetery receivables, at amortized cost	$	53,936	$	72,086
Less: allowance for credit losses	(1,985)		(3,495)
Less: balances due on undelivered cemetery preneed contracts	(11,552)		(15,797)
Less: amounts in accounts receivable	(13,727)		(17,219)
Preneed cemetery receivables, net	$	26,672	$	35,575

The amortized cost basis of our cemetery receivables by year of origination as of December 31, 2023 is as follows (in thousands):


	2023		2022		2021		2020		2019		Prior		Total
Total cemetery receivables, at amortized cost	$	35,122	$	19,478	$	10,020	$	4,584	$	1,432	$	1,450	$	72,086