Receivables from Preneed Trusts

6 Months Ended

Jun. 30, 2015

Receivables From Preneed Trusts [Abstract]

. 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 June 30, 2015, receivables from preneed trusts were as follows (in thousands):



	December 31, 2014			June 30, 2015
Preneed trust funds, at cost	$	13,205		$	13,339
Less: allowance for contract cancellation	(396		)	(400		)
Receivables from preneed trusts, net	$	12,809		$	12,939

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 June 30, 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 June 30, 2015
Cash and cash equivalents	$	2,716	$	2,716
Fixed income investments	8,023		8,040
Mutual funds and common stocks	2,584		2,689
Annuities	16		16
Total	$	13,339	$	13,461



	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