Receivables from Preneed Trusts

9 Months Ended

Sep. 30, 2017

Receivables From Preneed Trusts [Abstract]

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, 2016 and September 30, 2017, receivables from preneed trusts were as follows (in thousands):



	December 31, 2016			September 30, 2017
Preneed trust funds, at cost	$	14,658		$	15,780
Less: allowance for contract cancellation	(440		)	(474		)
Receivables from preneed trusts, net	$	14,218		$	15,306

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 September 30, 2017 and December 31, 2016. 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.

The composition of the preneed trust funds at September 30, 2017 was as follows (in thousands):



	Historical Cost Basis		Fair Value
As of September 30, 2017
Cash and cash equivalents	$	4,054	$	4,054
Fixed income investments	9,218		9,218
Mutual funds and common stocks	2,492		2,516
Annuities	16		16
Total	$	15,780	$	15,804

The composition of the preneed trust funds at December 31, 2016 was as follows (in thousands):



	Historical Cost Basis		Fair Value
As of December 31, 2016
Cash and cash equivalents	$	3,378	$	3,378
Fixed income investments	8,809		8,809
Mutual funds and common stocks	2,455		2,463
Annuities	16		16
Total	$	14,658	$	14,666