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Cemetery Perpetual Care Trust Investments (Tables)
3 Months Ended
Mar. 31, 2014
Cemetery Perpetual Care Trust Investments [Abstract]  
Components of care trusts' corpus
The components of Care trusts’ corpus as of December 31, 2013 and March 31, 2014 were as follows (in thousands):
 
December 31, 2013
 
March 31, 2014
Trust assets, at fair value
$
42,342

 
$
43,529

Obligations due to (from) trust
(449
)
 
37

Care trusts’ corpus
$
41,893

 
$
43,566

Cost and fair market values associated with the trust investments held in perpetual care trust funds
The following table reflects the cost and fair market values associated with the trust investments held in perpetual care trust funds at March 31, 2014 (in thousands):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market
Value
Cash and money market accounts
1
 
$
602

 
$

 
$

 
$
602

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
2,378

 
149

 
(3
)
 
2,524

Corporate debt
2
 
18,641

 
323

 
(839
)
 
18,125

Preferred stock
2
 
11,244

 
376

 
(86
)
 
11,534

Mortgage back securities
2
 
1

 

 

 
1

Common stock
1
 
8,478

 
2,052

 
(414
)
 
10,116

Trust securities
 
 
$
41,344

 
$
2,900

 
$
(1,342
)
 
$
42,902

Accrued investment income
 
 
$
627

 
 
 
 
 
$
627

Cemetery perpetual care trust investments
 
 
 
 
 
 
 
 
$
43,529

Fair market value as a percentage of cost
 
 
 
 
 
 
 
 
103.8
%
Estimated maturities of fixed perpetual care trust income securities
The estimated maturities of the fixed income securities included above are as follows (in thousands):
Due in one year or less
$

Due in one to five years
3,871

Due in five to ten years
5,969

Thereafter
22,344

 
$
32,184

Cost and fair Market Values Associated with Trust Investments Held in Perpetual Care Trust Funds [Table Text Block]
The following table reflects the cost and fair market values associated with the trust investments held in perpetual care trust funds at December 31, 2013 (in thousands):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market
Value
Cash and money market accounts
1
 
$
973

 
$

 
$

 
$
973

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
2,062

 
87

 
(2
)
 
2,147

Corporate debt
2
 
19,773

 
236

 
(691
)
 
19,318

Preferred stock
2
 
10,668

 
110

 
(165
)
 
10,613

Common stock
1
 
7,539

 
1,417

 
(178
)
 
8,778

Trust securities
 
 
$
41,015

41,015,000

$
1,850

 
$
(1,036
)
 
$
41,829

Accrued investment income
 
 
$
513

 
 
 
 
 
$
513

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
42,342

Market value as a percentage of cost
 
 
 
 
 
 
 
 
102.0
%
Schedule of fair market value and unrealized loss on perteptual care trust investments
Our perpetual care trust investment unrealized losses, their associated fair market values, and the duration of unrealized losses for the periods ended March 31, 2014 and December 31, 2013, respectively, are shown in the following tables (in thousands):
 
March 31, 2014
 
In Loss Position Less than 12 months
 
In Loss Position Greater than 12 months
 
Total
 
Fair Market Value
 
Unrealized Losses
 
Fair Market Value
 
Unrealized Losses
 
Fair Market Value
 
Unrealized Losses
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
Foreign debt
$
261

 
$
(3
)
 
$

 
$

 
$
261

 
$
(3
)
Corporate debt
3,630

 
(362
)
 
1,732

 
(477
)
 
5,362

 
(839
)
Preferred stock
2,995

 
(86
)
 

 

 
2,995

 
(86
)
Common stock
2,019

 
(403
)
 
69

 
(11
)
 
2,088

 
(414
)
Total temporary impaired securities
$
8,905

 
$
(854
)
 
$
1,801

 
$
(488
)
 
$
10,706

 
$
(1,342
)
 
December 31, 2013
 
In Loss Position Less than 12 months
 
In Loss Position Greater than 12 months
 
Total
 
Fair Market Value
 
Unrealized Losses
 
Fair Market Value
 
Unrealized Losses
 
Fair Market Value
 
Unrealized Losses
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
Foreign debt
$
478

 
$
(2
)
 
$

 
$

 
$
478

 
$
(2
)
Corporate debt
6,948

 
(332
)
 
462

 
(359
)
 
7,410

 
(691
)
Preferred stock
5,811

 
(165
)
 

 

 
5,811

 
(165
)
Common stock
716

 
(114
)
 
470

 
(64
)
 
1,186

 
(178
)
Total temporary impaired securities
$
13,953

 
$
(613
)
 
$
932

 
$
(423
)
 
$
14,885

 
$
(1,036
)
Perpetual care trust investment security transactions recorded in interest income and other, net

Perpetual care trust investment security transactions recorded in Interest expense in our Consolidated Statements of Operations for the three months ended March 31, 2013 and 2014 were as follows (in thousands):
 
For the Three Months Ended March 31,
 
2013
 
2014
Undistributable realized gains
$
24

 
$
417

Undistributable realized losses
(295
)
 
(149
)
Increase (decrease) in Care trusts’ corpus
271

 
(268
)
Total
$

 
$

Perpetual care trust investment security transactions recorded in cemetery revenue
Perpetual care trust investment security transactions recorded in Cemetery revenues for the three months ended March 31, 2013 and 2014 were as follows (in thousands):
 
For the Three Months Ended March 31,
 
2013
 
2014
Investment income
$
1,411

 
$
1,281

Realized gains (losses), net
398

 
(242
)
Total
$
1,809

 
$
1,039

Purchases and sales of investments in perpetual care trusts
Purchases and sales of investments in the perpetual care trusts were as follows (in thousands):
 
For the Three Months Ended March 31,
 
2013
 
2014
Purchases
$
(2,587
)
 
$
(4,935
)
Sales
3,121

 
5,181