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Cemetery Perpetual Care Trusts (Tables)
 9 Months Ended
Sep. 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 September 30, 2014 are shown in the following tables:
 
September 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
$
18,019

 
$
(2
)
 
$
—

 
$
—

 
$
18,019

 
$
(2
)
Canadian government
4,848

 
(79
)
 
2,573

 
(78
)
 
7,421

 
(157
)
Corporate
12,875

 
(167
)
 
—

 
—

 
12,875

 
(167
)
Residential mortgage-backed
—

 
—

 
45

 
(2
)
 
45

 
(2
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Common stock:
 
 
 
 
 
 
 
 
 
 
 
Canada
1,450

 
(318
)
 
1,281

 
(59
)
 
2,731

 
(377
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Fixed income
103,587

 
(656
)
 
—

 
—

 
103,587

 
(656
)
Private equity
—

 
—

 
8,682

 
(4,050
)
 
8,682

 
(4,050
)
Total temporarily impaired securities
$
140,779

 
$
(1,222
)
 
$
12,581

 
$
(4,189
)
 
$
153,360

 
$
(5,411
)


 
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
$
44,543

 
$
(6,040
)
 
$
24,668

 
$
(2,836
)
 
$
69,211

 
$
(8,876
)
Canadian government
9,424

 
(120
)
 
3,066

 
(141
)
 
12,490

 
(261
)
Corporate
14,908

 
(424
)
 
3,055

 
(222
)
 
17,963

 
(646
)
Residential mortgage-backed
143

 
(2
)
 
—

 
—

 
143

 
(2
)
Asset-backed
3,215

 
(13
)
 
—

 
—

 
3,215

 
(13
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
5,532

 
(123
)
 
—

 
—

 
5,532

 
(123
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
45,730

 
(2,648
)
 
3,447

 
(583
)
 
49,177

 
(3,231
)
Canada
1,562

 
(502
)
 
1,935

 
(433
)
 
3,497

 
(935
)
Other international
4,288

 
(124
)
 
692

 
(76
)
 
4,980

 
(200
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
3,809

 
(54
)
 
14,260

 
(1,650
)
 
18,069

 
(1,704
)
Fixed income
132,945

 
(5,527
)
 
63,050

 
(28,122
)
 
195,995

 
(33,649
)
Private equity
—

 
—

 
6,589

 
(5,153
)
 
6,589

 
(5,153
)
Other
—

 
—

 
283

 
(33
)
 
283

 
(33
)
Total temporarily impaired securities
$
266,099

 
$
(15,577
)
 
$
121,045

 
$
(39,249
)
 
$
387,144

 
$
(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.
 
September 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
$
494

 
$
(3
)
 
$
—

 
$
—

 
$
494

 
$
(3
)
Canadian government
7,820

 
(137
)
 
4,145

 
(138
)
 
11,965

 
(275
)
Corporate
5,238

 
(107
)
 
4,069

 
(182
)
 
9,307

 
(289
)
Residential mortgage-backed
197

 
(3
)
 
240

 
(9
)
 
437

 
(12
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
1,861

 
(1
)
 
—

 
—

 
1,861

 
(1
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
32,475

 
(107
)
 
—

 
—

 
32,475

 
(107
)
Canada
1,113

 
(83
)
 
1,237

 
(213
)
 
2,350

 
(296
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
32,624

 
(15
)
 
—

 
—

 
32,624

 
(15
)
Fixed income
321,197


(110
)

—


—


321,197


(110
)
Private equity
10,428

 
(462
)
 
15,886

 
(9,967
)
 
26,314

 
(10,429
)
Other
4,085

 
(191
)
 
6,183

 
(1,621
)
 
10,268

 
(1,812
)
Total temporarily impaired securities
$
417,532

 
$
(1,219
)
 
$
31,760

 
$
(12,130
)
 
$
449,292

 
$
(13,349
)

 
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
$
1,334

 
$
(14
)
 
$
—

 
$
—

 
$
1,334

 
$
(14
)
Canadian government
15,777

 
(214
)
 
5,131

 
(245
)
 
20,908

 
(459
)
Corporate
22,482

 
(129
)
 
3,298

 
(134
)
 
25,780

 
(263
)
Residential mortgage-backed
2,950

 
(18
)
 
10

 
(1
)
 
2,960

 
(19
)
Asset-backed
2,826

 
(10
)
 
15

 
(1
)
 
2,841

 
(11
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
14,602

 
(245
)
 
43

 
(7
)
 
14,645


(252
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
23,747

 
(1,561
)
 
3,234

 
(526
)
 
26,981

 
(2,087
)
Canada
667

 
(129
)
 
1,794

 
(494
)
 
2,461

 
(623
)
Other international
1,535

 
(54
)
 
521

 
(113
)
 
2,056

 
(167
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
389

 
(14
)
 
162

 
(21
)
 
551

 
(35
)
Fixed income
181,104

 
(2,090
)
 
28,304

 
(508
)
 
209,408

 
(2,598
)
Private equity
—

 
—

 
19,242

 
(9,002
)
 
19,242

 
(9,002
)
Other
—

 
—

 
9,739

 
(84
)
 
9,739

 
(84
)
Total temporarily impaired securities
$
267,413

 
$
(4,478
)
 
$
71,493

 
$
(11,136
)
 
$
338,906

 
$
(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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
 
(In thousands)
Deposits
$
9,202

 
$
6,139

 
$
29,439

 
$
19,789

Withdrawals
8,680

 
9,388

 
23,879

 
26,009

Purchases of available-for-sale securities
169,973

 
23,050

 
233,795

 
113,497

Sales of available-for-sale securities
172,646

 
25,805

 
251,719

 
82,556

Realized gains from sales of available-for-sale securities
7,034

 
4,871

 
21,903

 
13,772

Realized losses from sales of available-for-sale securities
(935
)
 
(966
)
 
(1,599
)
 
(1,728
)
Long-term receivable and investment components
The components of Cemetery perpetual care trust investments in our unaudited condensed consolidated balance sheet at September 30, 2014 and December 31, 2013 are as follows:
 
September 30, 2014
 
December 31, 2013
 
(In thousands)
Trust investments, at fair value
$
1,301,272

 
$
1,348,059

Cash and cash equivalents
102,421

 
78,509

Assets associated with businesses held for sale
(22,144
)
 
(86,726
)
Cemetery perpetual care trust investments
$
1,381,549

 
$
1,339,842
Schedule of Available-for-sale Securities Reconciliation
 
September 30, 2014
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
806

 
$
24

 
$
(3
)
 
$
827

Canadian government
2
 
28,385

 
380

 
(275
)
 
28,490

Corporate
2
 
19,656

 
406

 
(289
)
 
19,773

Residential mortgage-backed
2
 
1,057

 
15

 
(12
)
 
1,060

Asset-backed
2
 
823

 
17

 
—

 
840

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
6,763

 
237

 
(1
)
 
6,999

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
178,667

 
51,080

 
(107
)
 
229,640

Canada
1
 
7,698

 
3,203

 
(296
)
 
10,605

Other international
1
 
6,131

 
1,545

 
—

 
7,676

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
55,475

 
6,406

 
(15
)
 
61,866

Fixed income
1
 
853,113

 
41,722

 
(110
)
 
894,725

Private equity
3
 
36,778

 
433

 
(10,429
)
 
26,782

Other
3
 
12,357

 
1,444

 
(1,812
)
 
11,989

Cemetery perpetual care trust investments
 
 
$
1,207,709

 
$
106,912

 
$
(13,349
)
 
$
1,301,272


 
December 31, 2013
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
1,583

 
$
9

 
$
(14
)
 
$
1,578

Canadian government
2
 
28,487

 
301

 
(459
)
 
28,329

Corporate
2
 
43,107

 
311

 
(263
)
 
43,155

Residential mortgage-backed
2
 
4,242

 
14

 
(19
)
 
4,237

Asset-backed
2
 
2,996

 
4

 
(11
)
 
2,989

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
25,860

 
192

 
(252
)
 
25,800

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
230,174

 
53,782

 
(2,087
)
 
281,869

Canada
1
 
8,843

 
2,222

 
(623
)
 
10,442

Other international
1
 
20,598

 
1,320

 
(167
)
 
21,751

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
41,114

 
5,693

 
(35
)
 
46,772

Fixed income
1
 
816,405

 
35,964

 
(2,598
)
 
849,771

Private equity
3
 
28,309

 
472

 
(9,002
)
 
19,779

Other
3
 
10,518

 
1,153

 
(84
)
 
11,587

Cemetery perpetual care trust investments
 
 
$
1,262,236

 
$
101,437

 
$
(15,614
)
 
$
1,348,059
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
 
September 30, 2014
 
September 30, 2013
 
Private Equity
 
Other
 
Private Equity
 
Other
 
(In thousands)
Fair value, beginning balance
$
21,274

 
$
11,983

 
$
18,649

 
$
10,815

Net unrealized (losses) gains included in Accumulated other comprehensive income(1)
(206
)

23


1,315


492

Net realized losses included in Other (expense) income, net(2)
(13
)

(17
)

(5
)

(3
)
Contributions
9,058

 
—

 
—

 
—

Distributions and other
(3,331
)
 
—

 
(122
)
 
(139
)
Fair value, ending balance
$
26,782

 
$
11,989

 
$
19,837

 
$
11,165



 
Nine Months Ended
 
September 30, 2014
 
September 30, 2013
 
Private Equity
 
Other
 
Private Equity
 
Other
 
(In thousands)
Fair market value, beginning balance
$
19,779

 
$
11,587

 
$
11,122

 
$
7,659

Net unrealized gains included in Accumulated other comprehensive income(1)
1,091


704


7,404


3,926

Net realized losses included in Other (expense) income, net(2)
(37
)
 
(29
)
 
(100
)
 
(56
)
Sales
(17
)
 
—

 
—

 
—

Contributions
10,461

 
—

 
2,317

 
—

Distributions and other
(4,495
)
 
(273
)
 
(906
)
 
(364
)
Fair market value, ending balance
$
26,782

 
$
11,989

 
$
19,837

 
$
11,165
Investments Classified by Contractual Maturity Date
Maturity dates of our fixed income securities range from 2014 to 2043. Maturities of fixed income securities at September 30, 2014 are estimated as follows:
 
Fair Value
 
(In thousands)
Due in one year or less
$
14,290

Due in one to five years
26,786

Due in five to ten years
9,086

Thereafter
828

 
$
50,990