| Disaggregation of Revenue |
Revenues, disaggregated by major source for each of our reportable segments was as follows (in thousands): | | | | | | | | | | | | | | Three Months Ended June 30, 2018 | | | | | | | | | Funeral | | Cemetery | | Total | Services | | $ | 29,023 |
| | $ | 2,949 |
| | $ | 31,972 |
| Merchandise | | 17,296 |
| | 2,372 |
| | 19,668 |
| Cemetery interment rights | | — |
| | 7,863 |
| | 7,863 |
| Revenue from contracts with customers | | $ | 46,319 |
| | $ | 13,184 |
| | $ | 59,503 |
| | | | | | | | Preneed funeral commission income | | $ | 354 |
| | $ | — |
| | $ | 354 |
| Preneed trust earnings | | 1,728 |
| | 1,433 |
| | 3,161 |
| Preneed trust management fees | | 131 |
| | 202 |
| | 333 |
| Preneed cemetery finance charges | | — |
| | 496 |
| | 496 |
| Financial revenues | | $ | 2,213 |
| | $ | 2,131 |
| | $ | 4,344 |
| Total Revenues | | $ | 48,532 |
| | $ | 15,315 |
| | $ | 63,847 |
|
| | | | | | | | | | | | | | Three Months Ended June 30, 2017 | | | | | | | | | Funeral | | Cemetery | | Total | Services | | $ | 29,205 |
| | $ | 2,926 |
| | $ | 32,131 |
| Merchandise | | 17,475 |
| | 2,166 |
| | 19,641 |
| Cemetery interment rights | | — |
| | 7,543 |
| | 7,543 |
| Revenue from contracts with customers | | $ | 46,680 |
| | $ | 12,635 |
| | $ | 59,315 |
| | | | | | | | Preneed funeral commission income | | $ | 333 |
| | $ | — |
| | $ | 333 |
| Preneed trust earnings | | 1,590 |
| | 1,828 |
| | 3,418 |
| Preneed trust management fees | | 136 |
| | 200 |
| | 336 |
| Preneed cemetery finance charges | | — |
| | 450 |
| | 450 |
| Financial revenues | | $ | 2,059 |
| | $ | 2,478 |
| | $ | 4,537 |
| Total Revenues | | $ | 48,739 |
| | $ | 15,113 |
| | $ | 63,852 |
|
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| Contract with Customer, Asset and Liability |
Deferred revenue is presented net of amounts due on undelivered preneed contracts shown below as of January 1, 2018 and June 30, 2018 (in thousands): | | | | | | | | | | January 1, 2018(1) | | June 30, 2018 | Contract liabilities: | | | | Deferred preneed cemetery revenue | $ | 54,690 |
| | $ | 55,264 |
| Less: Balances due on undelivered cemetery preneed contracts(2) | (4,594 | ) | | (4,565 | ) | Deferred preneed cemetery revenue, net | $ | 50,096 |
| | $ | 50,699 |
| | | | | Deferred preneed funeral revenue | $ | 34,585 |
| | $ | 36,018 |
| Less: Balances due on undelivered funeral preneed contracts(3) | (7,934 | ) | | (8,278 | ) | Deferred preneed funeral revenue, net | $ | 26,651 |
| | $ | 27,740 |
|
| | | | | | | | | | | (1) | January 1, 2018 balances have been adjusted to reflect the cumulative effect of changes for the adoption of ASC 606. | (2) | In accordance with Topic 606, $1.4 million of cemetery accounts receivables have been reclassified to reduce deferred preneed cemetery revenue at both January 1, 2018 and June 30, 2018 and $3.2 million of preneed cemetery receivables have been reclassified to reduce deferred preneed cemetery revenue at both January 1, 2018 and June 30, 2018. | (3) | In accordance with Topic 606, $7.9 million and $8.3 million of preneed funeral receivables have been reclassified to reduce deferred preneed funeral revenue at January 1, 2018 and June 30, 2018, respectively. |
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