XML 48 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts' Corpus (Tables)
6 Months Ended
Jun. 30, 2014
Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts' Corpus [Abstract]  
Schedule of Deferred Preneed Funeral and Cemetery Receitps Held in Trust Components
The components of Deferred preneed funeral and cemetery receipts held in trust in our unaudited condensed consolidated balance sheet at June 30, 2014 and December 31, 2013 are detailed below.
 
June 30, 2014
 
December 31, 2013
 
Preneed
Funeral
 
Preneed
Cemetery
 
Total
 
Preneed
Funeral
 
Preneed
Cemetery
 
Total
 
(In thousands)
Trust investments
$
1,678,206

 
$
1,656,817

 
$
3,335,023

 
$
1,647,273

 
$
1,585,367

 
$
3,232,640

Accrued trust operating payables and other
(1,801
)
 
(2,262
)
 
(4,063
)
 
(1,108
)
 
(1,698
)
 
(2,806
)
Deferred preneed funeral and cemetery receipts held in trust
$
1,676,405

 
$
1,654,555

 
$
3,330,960

 
$
1,646,165

 
$
1,583,669

 
$
3,229,834

Schedule of Care Trust Corpus' Components
The components of Care trusts’ corpus in our unaudited condensed consolidated balance sheet at June 30, 2014 and December 31, 2013 are detailed below.
 
June 30, 2014
 
December 31, 2013
 
(In thousands)
Cemetery perpetual care trust investments
$
1,405,074

 
$
1,344,322

Accrued trust operating payables and other
(807
)
 
(1,748
)
Care trusts’ corpus
$
1,404,267

 
$
1,342,574

Schedule of Other Nonoperating Income, by Component
The components of Other income (expense), net in our unaudited condensed consolidated statement of operations for the three and six months ended June 30, 2014 and 2013 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 June 30, 2014
 
Funeral
Trusts
 
Cemetery
Trusts
 
Cemetery Perpetual
Care Trusts
 
Other, Net
 
Total
 
 
 
(In thousands)
 
 
Realized gains
$
15,911

 
$
20,655

 
$
9,824

 
$

 
$
46,390

Realized losses
(2,665
)
 
(3,826
)
 
(327
)
 

 
(6,818
)
Impairment charges
(119
)
 
(179
)
 
(7
)
 

 
(305
)
Interest, dividend, and other ordinary income
7,900

 
4,981

 
12,385

 

 
25,266

Trust expenses and income taxes
(4,978
)
 
(4,377
)
 
(2,127
)
 

 
(11,482
)
Net trust investment income
16,049

 
17,254

 
19,748

 

 
53,051

Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus
(16,049
)
 
(17,254
)
 
(19,748
)
 

 
(53,051
)
Other income (expense), net

 

 

 
50

 
50

Total other income, net
$

 
$

 
$

 
$
50

 
$
50


 
Six Months Ended June 30, 2014
 
Funeral
Trusts
 
Cemetery
Trusts
 
Cemetery Perpetual
Care Trusts
 
Other, Net
 
Total
 
 
 
(In thousands)
 
 
Realized gains
$
32,012

 
$
46,187

 
$
14,869

 
$

 
$
93,068

Realized losses
(4,139
)
 
(6,125
)
 
(664
)
 

 
(10,928
)
Impairment charges
(370
)
 
(518
)
 
(47
)
 

 
(935
)
Interest, dividend, and other ordinary income
13,474

 
7,476

 
21,971

 

 
42,921

Trust expenses and income taxes
(9,445
)
 
(9,192
)
 
(3,674
)
 

 
(22,311
)
Net trust investment income
31,532

 
37,828

 
32,455

 

 
101,815

Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus
(31,532
)
 
(37,828
)
 
(32,455
)
 

 
(101,815
)
Other expense (expense), net

 

 

 
1,586

 
1,586

Total other income, net
$

 
$

 
$

 
$
1,586

 
$
1,586


 
Three Months Ended June 30, 2013
 
Funeral
Trusts
 
Cemetery
Trusts
 
Cemetery Perpetual
Care Trusts
 
Other, Net
 
Total
 
 
 
(In thousands)
 
 
Realized gains
$
17,330

 
$
29,743

 
$
5,119

 
$

 
$
52,192

Realized losses
(4,445
)
 
(6,885
)
 
(440
)
 

 
(11,770
)
Impairment charges
(446
)
 
(940
)
 
(126
)
 

 
(1,512
)
Interest, dividend, and other ordinary income
14,206

 
8,915

 
7,784

 

 
30,905

Trust expenses and income taxes
(2,657
)
 
(3,087
)
 
(1,009
)
 

 
(6,753
)
Net trust investment income
23,988

 
27,746

 
11,328

 

 
63,062

Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus
(23,988
)
 
(27,746
)
 
(11,328
)
 

 
(63,062
)
Other income (expense), net

 

 

 
(695
)
 
(695
)
Total other income (expense), net
$

 
$

 
$

 
$
(695
)
 
$
(695
)

 
Six Months Ended June 30, 2013
 
Funeral
Trusts
 
Cemetery
Trusts
 
Cemetery Perpetual
Care Trusts
 
Other, Net
 
Total
 
 
 
(In thousands)
 
 
Realized gains
$
28,701

 
$
46,319

 
$
8,901

 
$

 
$
83,921

Realized losses
(6,166
)
 
(9,055
)
 
(762
)
 

 
(15,983
)
Impairment charges
(646
)
 
(1,297
)
 
(189
)
 

 
(2,132
)
Interest, dividend, and other ordinary income
16,023

 
10,444

 
13,873

 

 
40,340

Trust expenses and income taxes
(5,038
)
 
(6,756
)
 
(1,584
)
 

 
(13,378
)
Net trust investment income
32,874

 
39,655

 
20,239

 

 
92,768

Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus
(32,874
)
 
(39,655
)
 
(20,239
)
 

 
(92,768
)
Other income (expense), net

 

 

 
(1,680
)
 
(1,680
)
Total other income (expense), net
$

 
$

 
$

 
$
(1,680
)
 
$
(1,680
)