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Preneed Cemetery Activities (Tables)
 6 Months Ended
Jun. 30, 2014
Preneed Cemetery Receivables, Net and Trust Investments [Line Items]  
Schedule of Unrealized Loss on Investments
Our cemetery merchandise and service trust investment unrealized losses, their associated fair values and the duration of unrealized losses as of June 30, 2014 are shown in the following tables:
 
June 30, 2014
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
10,545

 
$
(297
)
 
$
56,621

 
$
(5,024
)
 
$
67,166

 
$
(5,321
)
Canadian government
9,798

 
(59
)
 
2,688

 
(71
)
 
12,486

 
(130
)
Corporate
10,069

 
(316
)
 
3,532

 
(180
)
 
13,601

 
(496
)
      Residential mortgage-backed
16

 
—

 
46

 
(2
)
 
62

 
(2
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
1,469

 
(31
)
 
—

 
—

 
1,469

 
(31
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
69,634

 
(5,750
)
 
4,315

 
(264
)
 
73,949

 
(6,014
)
Canada
940

 
(79
)
 
2,146

 
(577
)
 
3,086

 
(656
)
Other international
5,763

 
(493
)
 
765

 
(35
)
 
6,528

 
(528
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
15,779

 
(109
)
 
14,532

 
(913
)
 
30,311

 
(1,022
)
Fixed income
15,194

 
(189
)
 
125,779

 
(24,023
)
 
140,973

 
(24,212
)
Private equity
—

 
—

 
5,257

 
(3,910
)
 
5,257

 
(3,910
)
Total temporarily impaired securities
$
139,207

 
$
(7,323
)
 
$
215,681

 
$
(34,999
)
 
$
354,888

 
$
(42,322
)


 
December 31, 2013
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
45,120

 
$
(6,040
)
 
$
25,043

 
$
(2,836
)
 
$
70,163

 
$
(8,876
)
Canadian government
9,424

 
(120
)
 
3,066

 
(141
)
 
12,490

 
(261
)
Corporate
15,050

 
(424
)
 
3,073

 
(222
)
 
18,123

 
(646
)
Residential mortgage-backed
145

 
(2
)
 
2

 
—

 
147

 
(2
)
Asset-backed
3,257

 
(13
)
 
—

 
—

 
3,257

 
(13
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
5,604

 
(123
)
 
—

 
—

 
5,604

 
(123
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
46,317

 
(2,648
)
 
3,489

 
(583
)
 
49,806

 
(3,231
)
Canada
1,569

 
(502
)
 
1,935

 
(433
)
 
3,504

 
(935
)
Other international
4,344

 
(124
)
 
702

 
(76
)
 
5,046

 
(200
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
3,858

 
(54
)
 
14,477

 
(1,650
)
 
18,335

 
(1,704
)
Fixed income
134,669

 
(5,527
)
 
64,009

 
(28,122
)
 
198,678

 
(33,649
)
Private equity
—

 
—

 
6,589

 
(5,153
)
 
6,589

 
(5,153
)
Other
—

 
—

 
282

 
(33
)
 
282

 
(33
)
Total temporarily impaired securities
$
269,357

 
$
(15,577
)
 
$
122,667

 
$
(39,249
)
 
$
392,024

 
$
(54,826
)
Our cemetery perpetual care trust investment unrealized losses, their associated fair values and the duration of unrealized losses, are shown in the following tables.
 
June 30, 2014
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
855

 
$
(9
)
 
$
8

 
$
(1
)
 
$
863

 
$
(10
)
Canadian government
15,559

 
(105
)
 
4,400

 
(125
)
 
19,959

 
(230
)
Corporate
7,226

 
(99
)
 
4,981

 
(245
)
 
12,207

 
(344
)
Residential mortgage-backed
86

 
(2
)
 
251

 
(8
)
 
337

 
(10
)
Asset-backed
405

 
(5
)
 
32

 
—

 
437

 
(5
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
—

 
—

 
50

 
(2
)
 
50

 
(2
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
13,690

 
(542
)
 
4,910

 
(485
)
 
18,600

 
(1,027
)
Canada
145

 
(6
)
 
1,490

 
(412
)
 
1,635

 
(418
)
Other international
527

 
(11
)
 
451

 
(67
)
 
978

 
(78
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
28,576

 
(373
)
 
131

 
(8
)
 
28,707

 
(381
)
Fixed income
35,090


(143
)

28,926


(367
)

64,016


(510
)
Private equity
—

 
—

 
9,262

 
(4,494
)
 
9,262

 
(4,494
)
Other
12

 
(9
)
 
4,541

 
—

 
4,553

 
(9
)
Total temporarily impaired securities
$
102,171

 
$
(1,304
)
 
$
59,433

 
$
(6,214
)
 
$
161,604

 
$
(7,518
)

 
December 31, 2013
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
1,339

 
$
(14
)
 
$
20

 
$
—

 
$
1,359

 
$
(14
)
Canadian government
15,777

 
(214
)
 
5,131

 
(245
)
 
20,908

 
(459
)
Corporate
22,534

 
(129
)
 
3,299

 
(134
)
 
25,833

 
(263
)
Residential mortgage-backed
2,960

 
(18
)
 
10

 
(1
)
 
2,970

 
(19
)
Asset-backed
2,835

 
(10
)
 
15

 
(1
)
 
2,850

 
(11
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
14,650

 
(245
)
 
44

 
(7
)
 
14,694


(252
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
23,825

 
(1,561
)
 
3,254

 
(526
)
 
27,079

 
(2,087
)
Canada
667

 
(129
)
 
1,794

 
(494
)
 
2,461

 
(623
)
Other international
1,540

 
(54
)
 
525

 
(113
)
 
2,065

 
(167
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
391

 
(14
)
 
163

 
(21
)
 
554

 
(35
)
Fixed income
181,701

 
(2,090
)
 
28,507

 
(508
)
 
210,208

 
(2,598
)
Private equity
—

 
—

 
19,242

 
(9,002
)
 
19,242

 
(9,002
)
Other
—

 
—

 
9,738

 
(84
)
 
9,738

 
(84
)
Total temporarily impaired securities
$
268,219

 
$
(4,478
)
 
$
71,742

 
$
(11,136
)
 
$
339,961

 
$
(15,614
)
Cemetery
  
Preneed Cemetery Receivables, Net and Trust Investments [Line Items]  
Investment related activities
The table below sets forth certain investment-related activities associated with our preneed cemetery merchandise and service trusts:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Deposits
$
33,132

 
$
28,344

 
$
61,403

 
$
53,612

Withdrawals
28,221

 
33,458

 
62,569

 
63,339

Purchases of available-for-sale securities
111,565

 
190,675

 
210,323

 
296,397

Sales of available-for-sale securities
103,530

 
208,589

 
195,847

 
334,332

Realized gains from sales of available-for-sale securities
20,655

 
29,743

 
46,187

 
46,319

Realized losses from sales of available-for-sale securities
(3,826
)
 
(6,885
)
 
(6,125
)
 
(9,055
)
Long-term receivable and investment components
The components of Preneed cemetery receivables, net and trust investments in our unaudited condensed consolidated balance sheet at June 30, 2014 and December 31, 2013 are as follows:
 
June 30, 2014
 
December 31, 2013
 
(In thousands)
Trust investments, at fair value
$
1,603,107

 
$
1,553,719

Cash and cash equivalents
135,185

 
138,459

Assets associated with businesses held for sale
(81,479
)
 
(106,815
)
Insurance-backed fixed income securities
4

 
4

Trust investments
1,656,817

 
1,585,367

Receivables from customers
845,040

 
798,420

Unearned finance charges
(32,242
)
 
(30,042
)
 
2,469,615

 
2,353,745

Allowance for cancellation
(64,933
)
 
(55,922
)
Preneed cemetery receivables, net and trust investments
$
2,404,682

 
$
2,297,823
Schedule of Available-for-sale Securities Reconciliation
 
June 30, 2014
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
113,114

 
$
2,775

 
$
(5,321
)
 
$
110,568

Canadian government
2
 
18,414

 
204

 
(130
)
 
18,488

Corporate
2
 
45,719

 
6,093

 
(496
)
 
51,316

Residential mortgage-backed
2
 
141

 
3

 
(2
)
 
142

Asset-backed

2
 
2,723

 
69

 
—

 
2,792

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
9,431

 
1,095

 
(31
)
 
10,495

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
412,294

 
136,316

 
(6,014
)
 
542,596

Canada
1
 
13,280

 
4,868

 
(656
)
 
17,492

Other international
1
 
34,457

 
10,020

 
(528
)
 
43,949

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
383,466

 
61,948

 
(1,022
)
 
444,392

Fixed income
1
 
346,723

 
9,731

 
(24,212
)
 
332,242

Private equity
3
 
26,640

 
4,827

 
(3,910
)
 
27,557

Other
3
 
777

 
301

 
—

 
1,078

Trust investments
 
 
$
1,407,179

 
$
238,250

 
$
(42,322
)
 
$
1,603,107


 
December 31, 2013
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
113,621

 
$
1,714

 
$
(8,876
)
 
$
106,459

Canadian government
2
 
17,073

 
170

 
(261
)
 
16,982

Corporate
2
 
48,970

 
5,262

 
(646
)
 
53,586

Residential mortgage-backed
2
 
408

 
2

 
(2
)
 
408

Asset-backed
2
 
3,346

 
—

 
(13
)
 
3,333

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
16,708

 
1,106

 
(123
)
 
17,691

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
425,246

 
147,258

 
(3,231
)
 
569,273

Canada
1
 
15,368

 
4,063

 
(935
)
 
18,496

Other international
1
 
44,184

 
10,079

 
(200
)
 
54,063

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
327,084

 
49,428

 
(1,704
)
 
374,808

Fixed income
1
 
338,944

 
5,236

 
(33,649
)
 
310,531

Private equity
3
 
28,625

 
3,372

 
(5,153
)
 
26,844

Other
3
 
1,078

 
200

 
(33
)
 
1,245

Trust investments
 
 
$
1,380,655

 
$
227,890

 
$
(54,826
)
 
$
1,553,719
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The change in our market-based cemetery merchandise and service trust investments with significant unobservable inputs (Level 3) is as follows:
 
Three Months Ended
 
June 30, 2014
 
June 30, 2013
 
Private Equity
 
Other
 
Private Equity
 
Other
 
(in thousands)
Fair value, beginning balance
$
27,519

 
$
1,253

 
$
25,957

 
$
1,035

Net unrealized gains included in Accumulated other comprehensive income(1)
123


28


1,830


389

Net realized losses included in Other income (expense), net(2)
(7
)
 
—

 
(6
)
 
(1
)
Contributions
526

 
—

 
1,673

 
—

Distributions and other
(604
)
 
(203
)
 
(2,827
)
 
(165
)
Fair value, ending balance
$
27,557

 
$
1,078

 
$
26,627

 
$
1,258



 
Six Months Ended
 
June 30, 2014
 
June 30, 2013
 
Private Equity
 
Other
 
Private Equity
 
Other
 
(in thousands)
Fair value, beginning balance
$
26,844

 
$
1,245

 
$
17,687

 
$
450

Net unrealized gains included in Accumulated other comprehensive income(1)
1,610

 
37

 
13,230

 
976

Net realized losses included in Other income (expense), net(2)
(15
)
 
(1
)
 
(13
)
 
(3
)
Contributions
1,025

 
—

 
2,335

 
—

Distributions and other
(1,907
)
 
(203
)
 
(6,612
)
 
(165
)
Fair value, ending balance
$
27,557

 
$
1,078

 
$
26,627

 
$
1,258
Investments Classified by Contractual Maturity Date
Maturity dates of our fixed income securities range from 2014 to 2043. Maturities of fixed income securities, excluding mutual funds, at June 30, 2014 are estimated as follows:
 
Fair Value
 
(In thousands)
Due in one year or less
$
11,669

Due in one to five years
81,495

Due in five to ten years
40,319

Thereafter
49,823

 
$
183,306