Equity Level 1 (Notes)

6 Months Ended

Jun. 30, 2011

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Equity

(All shares reported in whole numbers)

Our components of Accumulated other comprehensive income are as follows:

	Foreign Currency Translation Adjustment		Unrealized Gains and Losses			Accumulated Other Comprehensive Income
			(In thousands)
Balance at December 31, 2010	$	112,768	$	—		$	112,768
Activity in 2011	9,916		—			9,916
Increase in net unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—		2,727			2,727
Reclassification of net unrealized gains activity attributable to the Deferred preneed funeral and cemetery receipts held in trust and Care trusts’ corpus’, net of taxes	—		(2,727		)	(2,727		)
Balance at June 30, 2011	$	122,684	$	—		$	122,684

The assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. The U.S. dollar amount that arises from such translation, as well as exchange gains and losses on intercompany balances of a long-term investment nature, are included in the foreign currency translation adjustment in Accumulated other comprehensive income. Income taxes are generally not provided on foreign currency translation adjustments.

The components of comprehensive income are as follows for the three and six months ended June 30, 2011 and 2010:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011		2010
	(In thousands)						(In thousands)
Comprehensive income:
Amounts attributable to common stockholders:
Net income	$	26,093		$	40,285		$	64,857	$	71,197
Other comprehensive (loss) income	(1,586		)	(16,332		)	9,916		(2,505		)
Amounts attributable to noncontrolling interests:
Net income (loss)	645			(58		)	1,810		355
Other comprehensive (loss) income	(2		)	(6		)	4		(1		)
Comprehensive income	$	25,150		$	23,889		$	76,587	$	69,046

Cash Dividends

On May 11, 2011, our Board of Directors approved a cash dividend of $.05 per common share. At June 30, 2011, this dividend totaling $11.9 million was recorded in Accounts payable and accrued liabilities and Capital in excess of par value in our unaudited condensed consolidated balance sheet. This dividend will be paid on July 29, 2011.

Share Repurchase Program

Subject to market conditions, normal trading restrictions, and limitations in our debt covenants, we may make purchases in the open market or through privately negotiated transactions under our stock repurchase program. During the six months ended June 30, 2011, we repurchased 5,311,303 shares of common stock at an aggregate cost of $54.1 million, which is an average cost per share of $10.18. After these repurchases, the remaining dollar value of shares authorized to be purchased under our share repurchase program was approximately $124.7 million at June 30, 2011.

Subsequent to June 30, 2011, we repurchased an additional 734,524 shares of common stock at an aggregate cost of $8.4 million, which is an average cost per share of $11.47. After these third quarter repurchases, the remaining dollar value of shares authorized to be purchased under our share repurchase program is approximately $116.3 million.