Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts' Corpus Level 1 (Notes)

9 Months Ended

Sep. 30, 2012

Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts' Corpus [Abstract]

Deferred Preneed Funeral And Cemetery Receipts Held In Trust And Care Trusts Corpus Text Block

Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts’ Corpus

Deferred Preneed Funeral and Cemetery Receipts Held in Trust

We consolidate the merchandise and service trusts associated with our preneed funeral and cemetery activities in accordance with the Consolidation Topic of the ASC. Although the guidance requires the consolidation of the merchandise and service trusts, it does not change the legal relationships among the trusts, us, or our customers. The customers are the legal beneficiaries of these merchandise and service trusts, and therefore their interests in these trusts represent a liability to us.

The components of Deferred preneed funeral and cemetery receipts held in trust in our unaudited condensed consolidated balance sheet at September 30, 2012 and December 31, 2011 are detailed below.

	September 30, 2012									December 31, 2011
	Preneed Funeral			Preneed Cemetery			Total			Preneed Funeral			Preneed Cemetery			Total
	(In thousands)									(In thousands)
Trust investments	$	1,328,590		$	1,265,567		$	2,594,157		$	1,271,446		$	1,156,023		$	2,427,469
Accrued trust operating payables and other	(1,531		)	(1,987		)	(3,518		)	(1,261		)	(1,852		)	(3,113		)
Deferred preneed funeral and cemetery receipts held in trust	$	1,327,059		$	1,263,580		$	2,590,639		$	1,270,185		$	1,154,171		$	2,424,356

Care Trusts’ Corpus

The Care trusts’ corpus reflected in our unaudited condensed consolidated balance sheet represents the cemetery perpetual care trusts, including the related accrued expenses.

The components of Care trusts’ corpus in our unaudited condensed consolidated balance sheet at September 30, 2012 and December 31, 2011 are detailed below.

	September 30, 2012			December 31, 2011
	(In thousands)
Cemetery perpetual care trust investments	$	1,091,083		$	1,016,506
Accrued trust operating payables and other	(149		)	(1,206		)
Care trusts’ corpus	$	1,090,934		$	1,015,300

Other Income, Net

The components of Other income, net in our unaudited condensed consolidated statement of operations for the three and nine months ended September 30, 2012 and 2011 are detailed below. See Notes 4, 5, and 6 for further discussion of the amounts related to the funeral, cemetery, and cemetery perpetual care trusts.

	Three Months Ended September 30, 2012
	Funeral Trusts			Cemetery Trusts			Cemetery Perpetual Care Trusts			Other, Net		Total
				(In thousands)
Realized gains	$	7,681		$	9,754		$	3,328		$	—	$	20,763
Realized losses	(4,570		)	(6,962		)	(1,518		)	—		(13,050		)
Impairment charges	(151		)	(189		)	(4		)	—		(344		)
Interest, dividend, and other ordinary income	2,083			2,247			8,113			—		12,443
Trust expenses and income taxes	(2,288		)	(3,116		)	(727		)	—		(6,131		)
Net trust investment income	2,755			1,734			9,192			—		13,681
Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus	(2,755		)	(1,734		)	(9,192		)	—		(13,681		)
Other income, net	—			—			—			2,317		2,317
Total other income, net	$	—		$	—		$	—		$	2,317	$	2,317

	Nine Months Ended September 30, 2012
	Funeral Trusts			Cemetery Trusts			Cemetery Perpetual Care Trusts			Other, Net		Total
				(In thousands)
Realized gains	$	43,446		$	57,636		$	7,522		$	—	$	108,604
Realized losses	(18,730		)	(25,028		)	(5,435		)	—		(49,193		)
Impairment charges	(725		)	(781		)	(258		)	—		(1,764		)
Interest, dividend, and other ordinary income	10,834			8,308			22,170			—		41,312
Trust expenses and income taxes	(7,236		)	(9,367		)	(635		)	—		(17,238		)
Net trust investment income	27,589			30,768			23,364			—		81,721
Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus	(27,589		)	(30,768		)	(23,364		)	—		(81,721		)
Other income, net	—			—			—			4,001		4,001
Total other income, net	$	—		$	—		$	—		$	4,001	$	4,001

	Three Months Ended September 30, 2011
	Funeral Trusts			Cemetery Trusts			Cemetery Perpetual Care Trusts			Other, Net		Total
				(In thousands)
Realized gains	$	11,353		$	10,134		$	4,101		$	—	$	25,588
Realized losses	(6,586		)	(8,758		)	(1,764		)	—		(17,108		)
Impairment charges	(17,533		)	(24,885		)	(5		)	—		(42,423		)
Interest, dividend, and other ordinary income	3,911			4,217			6,185			—		14,313
Trust expenses and income taxes	(2,116		)	(3,119		)	(647		)	—		(5,882		)
Net trust investment income	(10,971		)	(22,411		)	7,870			—		(25,512		)
Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus	10,971			22,411			(7,870		)	—		25,512
Other income, net	—			—			—			249		249
Total other income, net	$	—		$	—		$	—		$	249	$	249

	Nine Months Ended September 30, 2011
	Funeral Trusts			Cemetery Trusts			Cemetery Perpetual Care Trusts			Other, Net		Total
				(In thousands)
Realized gains	$	49,618		$	51,225		$	31,221		$	—	$	132,064
Realized losses	(18,215		)	(19,994		)	(14,506		)	—		(52,715		)
Impairment charges	(20,821		)	(26,081		)	(316		)	—		(47,218		)
Interest, dividend, and other ordinary income	15,085			16,545			25,775			—		57,405
Trust expenses and income taxes	(4,982		)	(7,385		)	(2,753		)	—		(15,120		)
Net trust investment income	20,685			14,310			39,421			—		74,416
Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus	(20,685		)	(14,310		)	(39,421		)	—		(74,416		)
Other income, net	—			—			—			969		969
Total other income, net	$	—		$	—		$	—		$	969	$	969