Receivables

12 Months Ended

Dec. 31, 2024

Preneed Cemetery Receivables [Abstract]

Accounts Receivable

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


	December 31, 2024
	Funeral		Cemetery		Corporate		Held for Sale		Total
Trade and financed receivables	$	7,085	$	24,355	$	—	$	(833)	$	30,607
Other receivables	557		345		—		—		902
Allowance for credit losses	(302)		(1,014)		—		—		(1,316)
Accounts receivable, net	$	7,340	$	23,686	$	—	$	(833)	$	30,193


	December 31, 2023
	Funeral		Cemetery		Corporate		Held for Sale		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

Other receivables include supplier rebates, commissions due from third-party insurance companies and perpetual care income receivables. We do not provide an allowance for credit losses for these receivables as we have historically not had any collectability issues nor do we expect any in the foreseeable future.

The following table summarizes the activity in our allowance for credit losses by portfolio segment for the year ended December 31, 2024 (in thousands):


	January 1, 2024		Provision for Credit Losses		Write Offs		Recoveries		December 31, 2024
Trade and financed receivables:
Funeral	$	(266)	$	(1,069)	$	1,827	$	(794)	$	(302)
Cemetery	(1,240)		(884)		1,110		—		(1,014)
Total allowance for credit losses on trade and financed receivables	$	(1,506)	$	(1,953)	$	2,937	$	(794)	$	(1,316)

Cemetery Receivables

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


	December 31, 2024		December 31, 2023
Interment rights	$	79,436	$	60,863
Merchandise and services	13,128		11,223
Unearned finance charges	4,983		5,669
Cemetery receivables	$	97,547	$	77,755

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


	December 31, 2024		December 31, 2023
Cemetery receivables	$	97,547	$	77,755
Less: unearned finance charges	(4,983)		(5,669)
Cemetery receivables, at amortized cost	$	92,564	$	72,086
Less: allowance for contract cancellation and credit losses	(3,018)		(3,495)
Less: balances due on undelivered cemetery preneed contracts	(13,576)		(15,797)
Less: amounts in accounts receivable	(23,341)		(17,219)
Preneed cemetery receivables, net including HFS	52,629		35,575
Less: Held for sale	(1,671)		—
Preneed cemetery receivables, net	$	50,958	$	35,575

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the year ended December 31, 2024 (in thousands):


	January 1, 2024		Provision for Credit Losses		Write Offs		December 31, 2024
Total allowance for credit losses on Preneed cemetery receivables, net	$	(2,255)	$	(1,398)	$	1,649	$	(2,004)

The amortized cost basis of our cemetery receivables by year of origination as of December 31, 2024 is as follows (in thousands):


	2024		2023		2022		2021		2020		Prior		Total
Total cemetery receivables, at amortized cost	$	49,487	$	22,200	$	12,934	$	5,355	$	1,735	$	853	$	92,564

The aging of past due cemetery receivables as of December 31, 2024 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	$	1,599	$	1,065	$	832	$	2,578	$	6,074	$	72,914	$	78,988
Deferred revenue	302		160		105		612		1,179		17,380		18,559
Total contracts	$	1,901	$	1,225	$	937	$	3,190	$	7,253	$	90,294	$	97,547

The aging of past due preneed 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