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Receivables from Preneed Trusts
3 Months Ended
Mar. 31, 2015
Receivables From Preneed Trusts [Abstract]  
RECEIVABLES FROM PRENEED TRUSTS
7.    RECEIVABLES FROM PRENEED TRUSTS
The receivables from preneed trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. As of December 31, 2014 and March 31, 2015, receivables from preneed trusts were as follows (in thousands):
 
December 31, 2014
 
March 31, 2015
Preneed trust funds, at cost
$
13,205

 
$
13,191

Less: allowance for contract cancellation
(396
)
 
(396
)
Receivables from preneed trusts, net
$
12,809

 
$
12,795



The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations under preneed arrangements related to the preceding contracts at December 31, 2014 and March 31, 2015. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes the unrealized gains and losses on trust assets.

 
Historical
Cost Basis
 
Fair Value
 
(in thousands)
As of December 31, 2014
 
 
 
Cash and cash equivalents
$
2,834

 
$
2,834

Fixed income investments
7,880

 
7,893

Mutual funds and common stocks
2,467

 
2,586

Annuities
24

 
24

Total
$
13,205

 
$
13,337



 
Historical
Cost Basis
 
Fair Value
 
(in thousands)
As of March 31, 2015
 
 
 
Cash and cash equivalents
$
2,773

 
$
2,773

Fixed income investments
7,939

 
7,989

Mutual funds and common stocks
2,463

 
2,559

Annuities
16

 
16

Total
$
13,191

 
$
13,337