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Cemetery Perpetual Care Trusts (Tables)
 6 Months Ended
Jun. 30, 2014
Cemetery Perpetual Care 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 Perpetual Care
  
Cemetery Perpetual Care Trust Investments [Line Items]  
Investment related activities
The table below sets forth certain investment-related activities associated with our cemetery perpetual care trusts:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Deposits
$
8,400

 
$
5,422

 
$
20,237

 
$
13,650

Withdrawals
9,314

 
7,052

 
15,199

 
16,621

Purchases of available-for-sale securities
24,927

 
55,395

 
63,822

 
90,447

Sales of available-for-sale securities
49,001

 
29,261

 
79,073

 
56,751

Realized gains from sales of available-for-sale securities
9,824

 
5,119

 
14,869

 
8,901

Realized losses from sales of available-for-sale securities
(327
)
 
(440
)
 
(664
)
 
(762
)
Long-term receivable and investment components
The components of Cemetery perpetual care 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
$
1,379,544

 
$
1,352,539

Cash and cash equivalents
104,957

 
78,509

Assets associated with businesses held for sale
(79,427
)
 
(86,726
)
Cemetery perpetual care trust investments
$
1,405,074

 
$
1,344,322
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
 
$
1,260

 
$
22

 
$
(10
)
 
$
1,272

Canadian government
2
 
30,104

 
359

 
(230
)
 
30,233

Corporate
2
 
24,351

 
498

 
(344
)
 
24,505

Residential mortgage-backed
2
 
1,335

 
23

 
(10
)
 
1,348

Asset-backed
2
 
1,988

 
64

 
(5
)
 
2,047

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
9,416

 
647

 
(2
)
 
10,061

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
198,797

 
57,359

 
(1,027
)
 
255,129

Canada
1
 
7,166

 
2,724

 
(418
)
 
9,472

Other international
1
 
13,031

 
2,173

 
(78
)
 
15,126

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
57,472

 
6,980

 
(381
)
 
64,071

Fixed income
1
 
877,712

 
55,818

 
(510
)
 
933,020

Private equity
3
 
23,591

 
2,177

 
(4,494
)
 
21,274

Other
3
 
9,651

 
2,344

 
(9
)
 
11,986

Cemetery perpetual care trust investments
 
 
$
1,255,874

 
$
131,188

 
$
(7,518
)
 
$
1,379,544


 
December 31, 2013
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
1,588

 
$
9

 
$
(14
)
 
$
1,583

Canadian government
2
 
28,487

 
301

 
(459
)
 
28,329

Corporate
2
 
43,196

 
312

 
(263
)
 
43,245

Residential mortgage-backed
2
 
4,258

 
14

 
(19
)
 
4,253

Asset-backed
2
 
3,006

 
5

 
(11
)
 
3,000

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
25,952

 
192

 
(252
)
 
25,892

Common stock:
 
 
 
 
 
 
 
 


United States
1
 
231,156

 
53,782

 
(2,087
)
 
282,851

Canada
1
 
8,846

 
2,222

 
(623
)
 
10,445

Other international
1
 
20,676

 
1,319

 
(167
)
 
21,828

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
41,282

 
5,693

 
(35
)
 
46,940

Fixed income
1
 
819,439

 
35,963

 
(2,598
)
 
852,804

Private equity
3
 
28,309

 
472

 
(9,002
)
 
19,779

Other
3
 
10,521

 
1,153

 
(84
)
 
11,590

Cemetery perpetual care trust investments
 
 
$
1,266,716

 
$
101,437

 
$
(15,614
)
 
$
1,352,539
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The change in our market-based cemetery perpetual care 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
$
20,806

 
$
11,712

 
$
16,454

 
$
10,342

Net unrealized gains (losses) included in Accumulated other comprehensive income(1)
570


553


20


705

Net realized losses included in Other income (expense), net(2)
(12
)

(6
)

(13
)

(7
)
Contributions
709

 
—

 
2,316

 
—

Distributions and other
(799
)
 
(273
)
 
(128
)
 
(225
)
Fair value, ending balance
$
21,274

 
$
11,986

 
$
18,649

 
$
10,815



 
Six Months Ended
 
June 30, 2014
 
June 30, 2013
 
Private Equity
 
Other
 
Private Equity
 
Other
 
(in thousands)
Fair market value, beginning balance
$
19,779

 
$
11,590

 
$
11,122

 
$
7,659

Net unrealized gains (losses) included in Accumulated other comprehensive income(1)
1,297


681


6,089


3,434

Net realized losses included in Other income (expense), net(2)
(24
)
 
(12
)
 
(95
)
 
(53
)
Sales
(17
)
 
—

 
—

 
—

Contributions
1,403

 
—

 
2,317

 
—

Distributions and other
(1,164
)
 
(273
)
 
(784
)
 
(225
)
Fair market value, ending balance
$
21,274

 
$
11,986

 
$
18,649

 
$
10,815
Investments Classified by Contractual Maturity Date
Maturity dates of our fixed income securities range from 2014 to 2043. Maturities of fixed income securities at June 30, 2014 are estimated as follows:
 
Fair Value
 
(In thousands)
Due in one year or less
$
17,799

Due in one to five years
28,710

Due in five to ten years
11,753

Thereafter
1,143

 
$
59,405