Receivables

3 Months Ended

Mar. 31, 2026

Preneed Cemetery Receivables [Abstract]

Accounts Receivable

Our funeral receivables are recorded in Accounts receivable, net and primarily consist of amounts due for funeral services already performed.

Atneed cemetery receivables and preneed cemetery receivables with payments expected to be received within one year from the balance sheet date are also recorded in Accounts receivable, net. Preneed cemetery receivables with payments expected to be received beyond one year from the balance sheet date are recorded in Preneed cemetery receivables, net.

Accounts receivable is comprised of the following (in thousands):


	March 31, 2026
Column1	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	6,123	$	32,283	$	—	$	38,406
Other receivables	910		3,573		1,864		6,347
Allowance for credit losses	(324)		(2,258)		—		(2,582)
Accounts receivable, net	$	6,709	$	33,598	$	1,864	$	42,171


	December 31, 2025
Column1	Funeral		Cemetery		Corporate		Total
Trade and financed receivables	$	7,369	$	31,267	$	—	$	38,636
Other receivables	1,245		2,614		1,726		5,585
Allowance for credit losses	(363)		(3,211)		—		(3,574)
Accounts receivable, net	$	8,251	$	30,670	$	1,726	$	40,647

Other receivables include supplier rebates, commissions due from third-party insurance companies and perpetual care income receivables.

The following table summarizes the activity in our allowance for credit losses by portfolio segment for the three months ended March 31, 2026 (in thousands):


	January 1, 2026		Provision for Credit Losses		Write Offs		Recoveries		March 31, 2026
Trade and financed receivables:
Funeral	$	(363)	$	(92)	$	335	$	(204)	$	(324)
Cemetery	(3,211)		(308)		1,261		—		(2,258)
Total allowance for credit losses on trade and financed receivables	$	(3,574)	$	(400)	$	1,596	$	(204)	$	(2,582)

Cemetery Receivables

Our cemetery receivables are comprised of the following (in thousands):


	March 31, 2026		December 31, 2025
Interment rights	$	101,755	$	99,741
Merchandise and services	17,666		17,761
Unearned finance charges	4,881		4,805
Cemetery receivables	$	124,302	$	122,307

The components of our cemetery receivables are as follows (in thousands):


	March 31, 2026		December 31, 2025
Cemetery receivables	$	124,302	$	122,307
Less: unearned finance charges	(4,881)		(4,805)
Cemetery receivables, at amortized cost	$	119,421	$	117,502
Less: allowance for contract cancellation and credit losses	(5,959)		(5,812)
Less: balances due on undelivered cemetery preneed contracts	(16,789)		(16,579)
Less: amounts in accounts receivable	(30,025)		(28,056)


Preneed cemetery receivables, net	$	66,648	$	67,055

The following table summarizes the activity in our allowance for credit losses for Preneed cemetery receivables, net for the three months ended March 31, 2026 (in thousands):


	January 1, 2026		Provision for Credit Losses		Write Offs		March 31, 2026
Total allowance for credit losses on Preneed cemetery receivables, net	$	(2,601)	$	(536)	$	(565)	$	(3,702)

The amortized cost basis of our cemetery receivables by year of origination as of March 31, 2026 is as follows (in thousands):


	2026		2025		2024		2023		2022		Prior		Total
Total cemetery receivables, at amortized cost	$	19,451	$	49,590	$	30,204	$	12,323	$	5,806	$	2,047	$	119,421

The aging of past due cemetery receivables as of March 31, 2026 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
Recognized revenue	$	3,065	$	1,242	$	786	$	5,945	$	11,038	$	91,594	$	102,632
Deferred revenue	521		190		222		2,758		3,691		17,979		21,670
Total contracts	$	3,586	$	1,432	$	1,008	$	8,703	$	14,729	$	109,573	$	124,302