Receivables from Preneed Trusts (Tables)
 9 Months Ended
Sep. 30, 2018
Receivables From Preneed Trusts [Abstract]  
Receivables from Preneed Trusts
As of December 31, 2017 and September 30, 2018, receivables from preneed trusts were as follows (in thousands):
 
December 31, 2017
 
September 30, 2018
Preneed trust funds, at cost
$
15,759

 
$
17,334

Less: allowance for contract cancellation
(472
)
 
(519
)
Receivables from preneed trusts, net
$
15,287

 
$
16,815
Composition of Assets Held in Trust
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 September 30, 2018 and December 31, 2017. 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.
The composition of the preneed trust funds at September 30, 2018 was as follows (in thousands):
 
Historical
Cost Basis
 
Fair Value
As of September 30, 2018
 
 
 
Cash and cash equivalents
$
4,180

 
$
4,180

Fixed income investments
10,423

 
10,423

Mutual funds and common stocks
2,725

 
2,675

Annuities
6

 
6

Total
$
17,334

 
$
17,284

The composition of the preneed trust funds at December 31, 2017 was as follows (in thousands):
 
Historical
Cost Basis
 
Fair Value
As of December 31, 2017
 
 
 
Cash and cash equivalents
$
3,903

 
$
3,903

Fixed income investments
9,306

 
9,306

Mutual funds and common stocks
2,544

 
2,567

Annuities
6

 
6

Total
$
15,759

 
$
15,782