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Receivables
12 Months Ended
Dec. 31, 2023
Preneed Cemetery Receivables [Abstract]  
RECEIVABLES RECEIVABLES
Accounts Receivable
Accounts receivable is comprised of the following (in thousands):
December 31, 2023
FuneralCemeteryCorporateTotal
Trade and financed receivables$8,822 $18,459 $— $27,281 
Other receivables404 595 286 1,285 
Allowance for credit losses(266)(1,240)— (1,506)
Accounts receivable, net$8,960 $17,814 $286 $27,060 

December 31, 2022
FuneralCemeteryCorporateTotal
Trade and financed receivables$9,518 $14,429 $— $23,947 
Other receivables643 833 48 1,524 
Allowance for credit losses(311)(702)— (1,013)
Accounts receivable, net$9,850 $14,560 $48 $24,458 
Other receivables include supplier rebates, commissions due from third party insurance companies and perpetual care income receivables. We do not provide an allowance for credit losses for these receivables as we have historically not had any collectability issues nor do we expect any in the foreseeable future.
The following table summarizes the activity in our allowance for credit losses by portfolio segment for the year ended December 31, 2023 (in thousands):
January 1, 2023Provision for Credit LossesWrite OffsRecoveriesDecember 31, 2023
Trade and financed receivables:
Funeral$(311)$(1,088)$2,229 $(1,096)$(266)
Cemetery(702)(739)201 — (1,240)
Total allowance for credit losses on Trade and financed receivables$(1,013)$(1,827)$2,430 $(1,096)$(1,506)
Cemetery Receivables
Our cemetery receivables are comprised of the following (in thousands):
December 31, 2022December 31, 2023
Interment rights$45,351 $60,863 
Merchandise and services8,585 11,223 
Unearned finance charges4,894 5,669 
Cemetery receivables$58,830 $77,755 
The components of our cemetery receivables are as follows (in thousands):
December 31, 2022December 31, 2022
Cemetery receivables$58,830 $77,755 
Less: unearned finance charges(4,894)(5,669)
Cemetery receivables, at amortized cost$53,936 $72,086 
Less: allowance for credit losses(1,985)(3,495)
Less: balances due on undelivered cemetery preneed contracts(11,552)(15,797)
Less: amounts in accounts receivable(13,727)(17,219)
Preneed cemetery receivables, net$26,672 $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, 2023 (in thousands):
January 1, 2023Provision for Credit LossesWrite OffsDecember 31, 2023
Total allowance for credit losses on Preneed cemetery receivables, net
$(1,283)$(1,223)$251 $(2,255)
The amortized cost basis of our cemetery receivables by year of origination as of December 31, 2023 is as follows (in thousands):
20232022202120202019PriorTotal
Total cemetery receivables, at amortized cost$35,122 $19,478 $10,020 $4,584 $1,432 $1,450 $72,086 
The aging of past due 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
CurrentTotal 
Recognized revenue$1,877 $715 $353 $3,790 $6,735 $49,554 $56,289 
Deferred revenue466 139 90 1,388 2,083 19,383 21,466 
Total contracts$2,343 $854 $443 $5,178 $8,818 $68,937 $77,755 
The aging of past due preneed cemetery receivables as of December 31, 2022 is as follows (in thousands): 
31-60
Past Due
61-90
Past Due
91-120
Past Due
>120
Past Due
Total Past
Due
CurrentTotal 
Recognized revenue$864 $555 $180 $2,146 $3,745 $38,639 $42,384 
Deferred revenue285 184 74 1,009 1,552 14,894 16,446 
Total contracts$1,149 $739 $254 $3,155 $5,297 $53,533 $58,830