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Receivables
 3 Months Ended
Mar. 31, 2025
Preneed Cemetery Receivables [Abstract]  
RECEIVABLES RECEIVABLES
Accounts Receivable
Our funeral receivables are recorded in Accounts receivable, net and primarily consist of amounts due for funeral services already performed.
Atneed cemetery receivables and preneed cemetery receivables with payments expected to be received within one year from the balance sheet date are also recorded in Accounts receivable, net. Preneed cemetery receivables with payments expected to be received beyond one year from the balance sheet date are recorded in Preneed cemetery receivables, net.
Accounts receivable is comprised of the following (in thousands):
March 31, 2025
Column1FuneralCemeteryCorporateHeld for SaleTotal
Trade and financed receivables$8,104 $23,963 $— $(36)$32,031 
Other receivables585 343 1,080 — 2,008 
Allowance for credit losses(303)(1,146)— — (1,449)
Accounts receivable, net$8,386 $23,160 $1,080 $(36)$32,590 

December 31, 2024
Column1FuneralCemeteryCorporateHeld for SaleTotal
Trade and financed receivables$7,085 $24,355 $— $(833)$30,607 
Other receivables557 345 — — 902 
Allowance for credit losses(302)(1,014)— — (1,316)
Accounts receivable, net$7,340 $23,686 $— $(833)$30,193 
Other receivables include supplier rebates, commissions due from third-party insurance companies and perpetual care income receivables. We do not provide an allowance for credit losses for these receivables as we have historically not had any collectability issues nor do we expect any in the foreseeable future.
The following table summarizes the activity in our allowance for credit losses by portfolio segment for the three months ended March 31, 2025 (in thousands):
January 1, 2025Provision for Credit LossesWrite OffsRecoveriesMarch 31, 2025
Trade and financed receivables:
Funeral$(302)$(251)$412 $(162)$(303)
Cemetery(1,014)(332)200 — (1,146)
Total allowance for credit losses on trade and financed receivables$(1,316)$(583)$612 $(162)$(1,449)
Balances due on undelivered preneed funeral trust contracts have been reclassified to reduce Deferred preneed funeral revenue on our Consolidated Balance Sheets of $9.7 million and $10.2 million at March 31, 2025 and December 31, 2024, respectively. As these performance obligations are to be completed after the date of death, we cannot quantify the recognition of revenue in future periods. However, we estimate an average maturity period of ten years for preneed funeral contracts.
Cemetery Receivables
Our cemetery receivables are comprised of the following (in thousands):
March 31, 2025December 31, 2024
Interment rights$79,440 $79,436 
Merchandise and services12,480 13,128 
Unearned finance charges5,001 4,983 
Cemetery receivables$96,921 $97,547 
The components of our cemetery receivables are as follows (in thousands):
March 31, 2025December 31, 2024
Cemetery receivables$96,921 $97,547 
Less: unearned finance charges(5,001)(4,983)
Cemetery receivables, at amortized cost$91,920 $92,564 
Less: allowance for contract cancellation and credit losses(3,447)(3,018)
Less: balances due on undelivered cemetery preneed contracts(15,619)(13,576)
Less: amounts in accounts receivable(22,817)(23,341)
Preneed cemetery receivables, net including HFS$50,037 $52,629 
Less: Held for sale(3)(1,671)
Preneed cemetery receivables, net$50,034 $50,958 
The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the three months ended March 31, 2025 (in thousands):
January 1, 2025Provision for Credit LossesWrite OffsMarch 31, 2025
Total allowance for credit losses on Preneed cemetery receivables, net
$(2,004)$(491)$194 $(2,301)
The amortized cost basis of our cemetery receivables by year of origination as of March 31, 2025 is as follows (in thousands):
20252024202320222021PriorTotal
Total cemetery receivables, at amortized cost$11,923 $43,549 $19,397 $10,910 $4,283 $1,858 $91,920 
The aging of past due cemetery receivables as of March 31, 2025 is as follows (in thousands): 
31-60 Past Due61-90 Past Due91-120 Past Due>120 Past DueTotal Past DueCurrentTotal
Recognized revenue$1,336 $1,334 $439 $3,018 $6,127 $70,174 $76,301 
Deferred revenue440 154 82 771 1,447 19,173 20,620 
Total contracts$1,776 $1,488 $521 $3,789 $7,574 $89,347 $96,921 
Balances due on undelivered preneed cemetery contracts have been reclassified to reduce Deferred preneed cemetery revenue on our Consolidated Balance Sheets. The transaction price allocated to preneed merchandise and service performance obligations that were unfulfilled were $15.6 million and $13.6 million at March 31, 2025 and December 31, 2024, respectively. As these performance obligations are to be completed after the date of death, we cannot quantify the recognition of revenue in future periods. However, we estimate an average maturity period of eight years for preneed cemetery contracts.