Preneed Cemetery Receivables (Tables)
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12 Months Ended |
Dec. 31, 2019 |
Preneed Cemetery Receivables [Abstract] |
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Schedule of Financing Receivables |
cemetery financed receivables are comprised of the following at December 31, 2018 and December 31, 2019 (in thousands): | | | | | | | | | | December 31, 2018 | | December 31, 2019 | Cemetery interment rights | $ | 27,728 |
| | $ | 31,366 |
| Cemetery merchandise and services | 9,516 |
| | 9,950 |
| Cemetery financed receivables
| $ | 37,244 |
| | $ | 41,316 |
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Our cemetery financed receivables presented on our Consolidated Balance Sheet at December 31, 2018 and December 31, 2019 are as follows (in thousands): | | | | | | | | | | December 31, 2018 | | December 31, 2019 | Accounts receivable, including unearned finance charges and allowance for contract cancellations of $2,405 and $2,458, respectively | $ | 11,676 |
| | $ | 13,905 |
| Preneed receivables, including unearned finance charges and allowance for contract cancellations of $4,049 and $3,980, respectively | 25,568 |
| | 27,411 |
| Cemetery financed receivables | $ | 37,244 |
| | $ | 41,316 |
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Preneed Cemetery Receivables |
For the years ending December 31, 2018 and 2019, the change in the allowance for contract cancellations is as follows (in thousands): | | | | | | | | | | As of December 31, | | 2018 | | 2019 | Beginning balance | $ | 2,019 |
| | $ | 1,808 |
| Write-offs and cancellations | (1,357 | ) | | (733 | ) | Provision | 1,146 |
| | 841 |
| Ending balance | $ | 1,808 |
| | $ | 1,916 |
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Aging of Past Due Financing Receivables |
The aging of past due financing receivables as of December 31, 2019 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 Financing Receivables | Recognized revenue | $ | 745 |
| | $ | 392 |
| | $ | 148 |
| | $ | 1,209 |
| | $ | 2,494 |
| | $ | 28,382 |
| | $ | 30,876 |
| Deferred revenue | 219 |
| | 121 |
| | 147 |
| | 302 |
| | 789 |
| | 9,651 |
| | 10,440 |
| Total contracts | $ | 964 |
| | $ | 513 |
| | $ | 295 |
| | $ | 1,511 |
| | $ | 3,283 |
| | $ | 38,033 |
| | $ | 41,316 |
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The aging of past due financing receivables as of December 31, 2018 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 Financing Receivables | Recognized revenue | $ | 642 |
| | $ | 395 |
| | $ | 143 |
| | $ | 1,139 |
| | $ | 2,319 |
| | $ | 25,289 |
| | $ | 27,608 |
| Deferred revenue | 274 |
| | 165 |
| | 53 |
| | 289 |
| | 781 |
| | 8,855 |
| | 9,636 |
| Total contracts | $ | 916 |
| | $ | 560 |
| | $ | 196 |
| | $ | 1,428 |
| | $ | 3,100 |
| | $ | 34,144 |
| | $ | 37,244 |
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