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Cemetery Perpetual Care Trusts (Tables)
 6 Months Ended
Jun. 30, 2015
Cemetery Perpetual Care Trust Investments [Line Items]  
Schedule of Unrealized Loss on Investments
Our merchandise and service trust investment unrealized losses, their associated fair values and the duration of unrealized losses as of June 30, 2015 are shown in the following tables:
 
June 30, 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
$
48,735

 
$
(676
)
 
$
38

 
$
(2
)
 
$
48,773

 
$
(678
)
Canadian government
1,350

 
(20
)
 
3,203

 
(136
)
 
4,553

 
(156
)
Corporate
178

 
(5
)
 
3,497

 
(140
)
 
3,675

 
(145
)
Residential mortgage-backed
34

 
(1
)
 
20

 
(1
)
 
54

 
(2
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
224,331

 
(20,299
)
 
—

 
—

 
224,331

 
(20,299
)
Canada
2,642

 
(645
)
 
445

 
(291
)
 
3,087

 
(936
)
Other international
20,427

 
(3,930
)
 
—

 
—

 
20,427

 
(3,930
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
204,323

 
(7,709
)
 
—

 
—

 
204,323

 
(7,709
)
Fixed income
274,186

 
(7,339
)
 
15,093

 
(599
)
 
289,279

 
(7,938
)
Private equity
—

 
—

 
10,398

 
(3,191
)
 
10,398

 
(3,191
)
Other
—

 
—

 
672

 
(140
)
 
672

 
(140
)
Total temporarily impaired securities
$
776,206

 
$
(40,624
)
 
$
33,366

 
$
(4,500
)
 
$
809,572

 
$
(45,124
)


 
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.
 
June 30, 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
$
3,377

 
$
(57
)
 
$
135

 
$
(2
)
 
$
3,512

 
$
(59
)
Canadian government
2,159

 
(35
)
 
5,112

 
(236
)
 
7,271

 
(271
)
Corporate
3,221

 
(54
)
 
5,608

 
(237
)
 
8,829

 
(291
)
Residential mortgage-backed
143

 
(3
)
 
209

 
(6
)
 
352

 
(9
)
Asset-backed
150

 
(19
)
 
—

 
—

 
150

 
(19
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
4,690

 
(374
)
 
—

 
—

 
4,690

 
(374
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
106,485

 
(8,153
)
 
—

 
—

 
106,485

 
(8,153
)
Canada
1,548

 
(278
)
 
725

 
(393
)
 
2,273

 
(671
)
Other international
8,297

 
(1,439
)
 
—

 
—

 
8,297

 
(1,439
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
3,784

 
(577
)
 
107

 
(16
)
 
3,891

 
(593
)
Fixed income
835,332


(19,029
)

2,691


(118
)

838,023


(19,147
)
Private equity
7

 
(1
)
 
15,007

 
(7,463
)
 
15,014

 
(7,464
)
Other
5

 
(1
)
 
5,504

 
(481
)
 
5,509

 
(482
)
Total temporarily impaired securities
$
969,198

 
$
(30,020
)
 
$
35,098

 
$
(8,952
)
 
$
1,004,296

 
$
(38,972
)

 
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
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Deposits
$
10,200

 
$
8,400

 
$
19,453

 
$
20,237

Withdrawals
$
11,518

 
$
9,314

 
$
24,676

 
$
15,199

Purchases of available-for-sale securities
$
43,454

 
$
24,927

 
$
145,114

 
$
63,822

Sales of available-for-sale securities
$
52,371

 
$
49,001

 
$
106,136

 
$
79,073

Realized gains from sales of available-for-sale securities
$
1,753

 
$
9,824

 
$
2,151

 
$
14,869

Realized losses from sales of available-for-sale securities
$
(4,192
)
 
$
(327
)
 
$
(4,322
)
 
$
(664
)
Long-term receivable and investment components
The components of Cemetery perpetual care trust investments in our unaudited condensed consolidated balance sheet at June 30, 2015 and December 31, 2014 are as follows:
 
June 30, 2015
 
December 31, 2014
 
(In thousands)
Trust investments, at fair value
$
1,253,133

 
$
1,192,966

Cash and cash equivalents
94,620

 
148,410

Cemetery perpetual care trust investments
$
1,347,753

 
$
1,341,376
Schedule of Available-for-sale Securities Reconciliation
 
June 30, 2015
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
3,837

 
$
19

 
$
(59
)
 
$
3,797

Canadian government
2
 
32,516

 
612

 
(271
)
 
32,857

Corporate
2
 
15,316

 
229

 
(291
)
 
15,254

Residential mortgage-backed
2
 
1,005

 
13

 
(9
)
 
1,009

Asset-backed
2
 
667

 
7

 
(19
)
 
655

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
5,805

 
83

 
(374
)
 
5,514

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
230,980

 
13,561

 
(8,153
)
 
236,388

Canada
1
 
7,608

 
2,536

 
(671
)
 
9,473

Other international
1
 
12,363

 
201

 
(1,439
)
 
11,125

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
20,592

 
3,781

 
(593
)
 
23,780

Fixed income
1
 
883,480

 
722

 
(19,147
)
 
865,055

Private equity
3
 
39,988

 
1,613

 
(7,464
)
 
34,137

Other
3
 
13,064

 
1,507

 
(482
)
 
14,089

Cemetery perpetual care trust investments
 
 
$
1,267,221

 
$
24,884

 
$
(38,972
)
 
$
1,253,133


 
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 trust investments measured at fair value with significant unobservable inputs (Level 3) is as follows:
 
Three Months Ended
 
June 30, 2015
 
June 30, 2014
 
Private Equity
 
Other
 
Private Equity
 
Other
 
(In thousands)
Fair value, beginning balance
$
28,223

 
$
13,808

 
$
20,806

 
$
11,712

Net unrealized gains (losses) included in Accumulated other comprehensive income(1)
2,376


(1,161
)

570


553

Net realized losses included in Other (expense) income, net(2)
(18
)

(8
)

(12
)

(6
)
Contributions
4,670

 
1,905

 
709

 
—

Distributions and other
(1,114
)
 
(455
)
 
(799
)
 
(273
)
Fair value, ending balance
$
34,137

 
$
14,089

 
$
21,274

 
$
11,986



 
Six Months Ended
 
June 30, 2015
 
June 30, 2014
 
Private Equity
 
Other
 
Private Equity
 
Other
 
(In thousands)
Fair market value, beginning balance
$
23,908

 
$
12,088

 
$
19,779

 
$
11,590

Net unrealized gains (losses) included in Accumulated other comprehensive income(1)
6,293


34


1,297


681

Net realized losses included in Other (expense) income, net(2)
(30
)
 
(23
)
 
(24
)
 
(12
)
Sales
—

 
—

 
(17
)
 
—

Contributions
5,165

 
2,553

 
1,403

 
—

Distributions and other
(1,199
)
 
(563
)
 
(1,164
)
 
(273
)
Fair market value, ending balance
$
34,137

 
$
14,089

 
$
21,274

 
$
11,986
Investments Classified by Contractual Maturity Date
Maturity dates of our fixed income securities range from 2015 to 2045. Maturities of fixed income securities at June 30, 2015 are estimated as follows:
 
Fair Value
 
(In thousands)
Due in one year or less
$
25,496

Due in one to five years
19,393

Due in five to ten years
7,674

Thereafter
1,009

 
$
53,572