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Cemetery Perpetual Care Trusts (Tables)
 3 Months Ended
Mar. 31, 2015
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 March 31, 2015 are shown in the following tables:
 
March 31, 2015
 
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
$
12,955

 
$
(53
)
 
$
14

 
$
(1
)
 
$
12,969

 
$
(54
)
Canadian government
1,263

 
(3
)
 
3,146

 
(111
)
 
4,409

 
(114
)
Corporate
175

 
(3
)
 
3,381

 
(73
)
 
3,556

 
(76
)
Residential mortgage-backed
29

 
—

 
21

 
(1
)
 
50

 
(1
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
215,891

 
(17,833
)
 
—

 
—

 
215,891

 
(17,833
)
Canada
2,573

 
(326
)
 
552

 
(375
)
 
3,125

 
(701
)
Other international
21,396

 
(3,746
)
 
—

 
—

 
21,396

 
(3,746
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
213,762

 
(7,126
)
 
69

 
(7
)
 
213,831

 
(7,133
)
Fixed income
39,290

 
(5,955
)
 
15,036

 
(494
)
 
54,326

 
(6,449
)
Private equity
—

 
—

 
7,397

 
(3,185
)
 
7,397

 
(3,185
)
Other
—

 
—

 
654

 
(296
)
 
654

 
(296
)
Total temporarily impaired securities
$
507,334

 
$
(35,045
)
 
$
30,270

 
$
(4,543
)
 
$
537,604

 
$
(39,588
)


 
December 31, 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
$
45,072

 
$
(605
)
 
$
—

 
$
—

 
$
45,072

 
$
(605
)
Canadian government
—

 
—

 
4,858

 
(134
)
 
4,858

 
(134
)
Corporate
2,017

 
(61
)
 
1,936

 
(55
)
 
3,953

 
(116
)
Residential mortgage-backed
33

 
(1
)
 
—

 
—

 
33

 
(1
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
192,015

 
(11,706
)
 
585

 
—

 
192,600

 
(11,706
)
Canada
2,069

 
(319
)
 
778

 
(522
)
 
2,847

 
(841
)
Other international
28,308

 
(2,395
)
 
—

 
—

 
28,308

 
(2,395
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
303,211

 
(18,329
)
 
1,577

 
(101
)
 
304,788

 
(18,430
)
Fixed income
159,572

 
(4,106
)
 
15,113

 
(596
)
 
174,685

 
(4,702
)
Private equity
88

 
(100
)
 
7,518

 
(6,083
)
 
7,606

 
(6,183
)
Other
2

 
(3
)
 
259

 
(68
)
 
261

 
(71
)
Total temporarily impaired securities
$
732,387

 
$
(37,625
)
 
$
32,624

 
$
(7,559
)
 
$
765,011

 
$
(45,184
)
Our cemetery perpetual care trust investment unrealized losses, their associated fair values, and the duration of unrealized losses are shown in the following tables.
 
March 31, 2015
 
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
$
436

 
$
(3
)
 
$
68

 
$
(1
)
 
$
504

 
$
(4
)
Canadian government
2,103

 
(6
)
 
4,952

 
(193
)
 
7,055

 
(199
)
Corporate
1,013

 
(22
)
 
5,360

 
(117
)
 
6,373

 
(139
)
Residential mortgage-backed
160

 
(1
)
 
213

 
(5
)
 
373

 
(6
)
Asset-backed
371

 
(8
)
 
—

 
—

 
371

 
(8
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
3,234

 
(164
)
 
54

 
—

 
3,288

 
(164
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
134,139

 
(8,864
)
 
152

 
—

 
134,291

 
(8,864
)
Canada
1,175

 
(160
)
 
701

 
(297
)
 
1,876

 
(457
)
Other international
8,550

 
(1,063
)
 
—

 
—

 
8,550

 
(1,063
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
2,649

 
(253
)
 
185

 
(14
)
 
2,834

 
(267
)
Fixed income
345,809


(10,054
)

2,045


(48
)

347,854


(10,102
)
Private equity
—

 
—

 
10,092

 
(7,240
)
 
10,092

 
(7,240
)
Other
—

 
—

 
4,380

 
(919
)
 
4,380

 
(919
)
Total temporarily impaired securities
$
499,639

 
$
(20,598
)
 
$
28,202

 
$
(8,834
)
 
$
527,841

 
$
(29,432
)

 
December 31, 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
$
497

 
$
(4
)
 
$
—

 
$
—

 
$
497

 
$
(4
)
Canadian government
—

 
—

 
7,825

 
(233
)
 
7,825

 
(233
)
Corporate
4,656

 
(108
)
 
3,198

 
(102
)
 
7,854

 
(210
)
Residential mortgage-backed
256

 
(5
)
 
69

 
(1
)
 
325

 
(6
)
Asset-backed
373

 
(4
)
 
—

 
—

 
373

 
(4
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
2,224

 
(11
)
 
49

 
(1
)
 
2,273


(12
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
100,370

 
(4,803
)
 
419

 
(78
)
 
100,789

 
(4,881
)
Canada
2,418

 
(244
)
 
757

 
(352
)
 
3,175

 
(596
)
Other international
4,444

 
(399
)
 
—

 
—

 
4,444

 
(399
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
2,601

 
(85
)
 
153

 
(8
)
 
2,754

 
(93
)
Fixed income
576,890

 
(14,177
)
 
2,581

 
(86
)
 
579,471

 
(14,263
)
Private equity
9,213

 
(798
)
 
14,254

 
(9,990
)
 
23,467

 
(10,788
)
Other
4,069

 
(352
)
 
6,276

 
(2,180
)
 
10,345

 
(2,532
)
Total temporarily impaired securities
$
708,011

 
$
(20,990
)
 
$
35,581

 
$
(13,031
)
 
$
743,592

 
$
(34,021
)
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
 
March 31,
 
2015
2014
 
(In thousands)
Deposits
$
9,253

$
11,837

Withdrawals
$
13,158

$
5,885

Purchases of available-for-sale securities
$
101,660

$
38,895

Sales of available-for-sale securities
$
53,765

$
30,072

Realized gains from sales of available-for-sale securities
$
398

$
5,045

Realized losses from sales of available-for-sale securities
$
(129
)
$
(337
)
Long-term receivable and investment components
The components of Cemetery perpetual care trust investments in our unaudited condensed consolidated balance sheet at March 31, 2015 and December 31, 2014 are as follows:
 
March 31, 2015
 
December 31, 2014
 
(In thousands)
Trust investments, at fair value
$
1,253,601

 
$
1,192,966

Cash and cash equivalents
103,800

 
148,410

Cemetery perpetual care trust investments
$
1,357,401

 
$
1,341,376
Schedule of Available-for-sale Securities Reconciliation
 
March 31, 2015
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
788

 
$
38

 
$
(4
)
 
$
822

Canadian government
2
 
28,631

 
965

 
(199
)
 
29,397

Corporate
2
 
14,003

 
372

 
(139
)
 
14,236

Residential mortgage-backed
2
 
970

 
18

 
(6
)
 
982

Asset-backed
2
 
666

 
10

 
(8
)
 
668

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
5,329

 
65

 
(164
)
 
5,230

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
233,757

 
12,144

 
(8,864
)
 
237,037

Canada
1
 
7,148

 
2,773

 
(457
)
 
9,464

Other international
1
 
12,581

 
219

 
(1,063
)
 
11,737

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
17,658

 
3,211

 
(267
)
 
20,602

Fixed income
1
 
884,376

 
7,121

 
(10,102
)
 
881,395

Private equity
3
 
34,024

 
1,439

 
(7,240
)
 
28,223

Other
3
 
13,188

 
1,539

 
(919
)
 
13,808

Cemetery perpetual care trust investments
 
 
$
1,253,119

 
$
29,914

 
$
(29,432
)
 
$
1,253,601


 
December 31, 2014
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
794

 
$
40

 
$
(4
)
 
$
830

Canadian government
2
 
31,993

 
442

 
(233
)
 
32,202

Corporate
2
 
16,762

 
344

 
(210
)
 
16,896

Residential mortgage-backed
2
 
910

 
15

 
(6
)
 
919

Asset-backed
2
 
661

 
10

 
(4
)
 
667

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
4,439

 
60

 
(12
)
 
4,487

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
225,129

 
9,340

 
(4,881
)
 
229,588

Canada
1
 
7,419

 
2,737

 
(596
)
 
9,560

Other international
1
 
8,102

 
90

 
(399
)
 
7,793

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
17,310

 
3,264

 
(93
)
 
20,481

Fixed income
1
 
846,230

 
1,580

 
(14,263
)
 
833,547

Private equity
3
 
34,288

 
408

 
(10,788
)
 
23,908

Other
3
 
13,526

 
1,094

 
(2,532
)
 
12,088

Cemetery perpetual care trust investments
 
 
$
1,207,563

 
$
19,424

 
$
(34,021
)
 
$
1,192,966
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
 
March 31, 2015
 
March 31, 2014
 
Private Equity
 
Other
 
Private Equity
 
Other
 
(In thousands)
Fair value, beginning balance
$
23,908

 
$
12,088

 
$
19,779

 
$
11,590

Net unrealized gains included in Accumulated other comprehensive income(1)
3,917


1,195


727


128

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

(15
)

(12
)

(6
)
Sales
—

 
—

 
(17
)
 
—

Contributions
495

 
648

 
694

 
—

Distributions
(85
)
 
(108
)
 
(365
)
 
—

Fair value, ending balance
$
28,223

 
$
13,808

 
$
20,806

 
$
11,712
Investments Classified by Contractual Maturity Date
Maturity dates of our fixed income securities range from 2015 to 2045. Maturities of fixed income securities, excluding mutual funds, at March 31, 2015 are estimated as follows:
 
Fair Value
 
(In thousands)
Due in one year or less
$
18,620

Due in one to five years
19,101

Due in five to ten years
7,488

Thereafter
896

 
$
46,105