Equity Level 1 (Notes)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Equity

(All shares reported in whole numbers)

Share Authorization

We are authorized to issue 1,000,000 shares of preferred stock, $1 per share par value. No preferred shares were issued as of December 31, 2015 or 2014. At December 31, 2015 and 2014, 500,000,000 common shares of $1 par value were authorized. We had 200,859,676 and 205,458,331 shares issued and 195,772,876 and 204,866,770 outstanding at par at December 31, 2015 and 2014, respectively.

Accumulated Other Comprehensive Income

Our components of Accumulated other comprehensive income are as follows:

	Foreign Currency Translation Adjustment			Unrealized Gains and Losses			Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at December 31, 2012	$	111,717		$	—		$	111,717
Activity in 2013	(23,276		)	—			(23,276		)
Reduction in net unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—			(113,553		)	(113,553		)
Reclassification of net unrealized losses activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—			113,553			113,553
Balance at December 31, 2013	$	88,441		$	—		$	88,441
Activity in 2014	(32,141		)	—			(32,141		)
Reclassification of foreign currency translation adjustments to Net incomefrom discontinued operations	3,114			—			3,114
Increase in net unrealized gains associated with available-for- sale securities of the trusts, net of taxes	—			(166,570		)	(166,570		)
Reclassification of net unrealized gains activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—			166,570			166,570
Balance at December 31, 2014	$	59,414		$	—		$	59,414
Activity in 2015	(53,250		)	—			(53,250		)
Increase in net unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—			(85,140		)	(85,140		)
Reclassification of net unrealized gains activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—			85,140			85,140
Balance at December 31, 2015	$	6,164		$	—		$	6,164

The assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. The U.S. dollar amount that arises from such translation, as well as exchange gains and losses on intercompany balances of a long-term investment nature, are included in the cumulative currency translation adjustments in Accumulated other comprehensive income.

Share Repurchase Program

Subject to market conditions, normal trading restrictions, and limitations in our debt covenants, we may make purchases in the open market or through privately negotiated transactions under our share repurchase program. Under our share repurchase program, during 2015, we repurchased 12,455,281 shares of common stock at an aggregate cost of $345.3 million, which is an average cost per share of $27.72. During 2014, we repurchased 11,488,332 shares of common stock at an aggregate cost of $242.9 million, which is an average cost per share of $21.14 under the program. On August 12, 2015, our Board of Directors increased our share repurchase authorization to $400.0 million. After these repurchases and increase in authorization, the remaining dollar value of shares authorized to be purchased under the share repurchase program was $278.8 million at December 31, 2015.

Subsequent to December 31, 2015, we repurchased 977,396 shares for $24.0 million at an average cost per share of $24.51.

Cash Dividends

On November 10, 2015, our Board of Directors approved a cash dividend of $0.12 per common share paid on December 31, 2015 to stockholders of record as of December 15, 2015. We paid $87.6 million, $71.5 million, and $57.2 million in cash dividends in 2015, 2014, and 2013, respectively. On February 10, 2016 our Board of Directors approved a cash dividend of $0.12 per common share payable on March 31, 2016 to stockholders of record as of March 15, 2016.

Noncontrolling Interest

During 2015, we purchased an additional 24.4% of the common stock of our consolidated subsidiary, Wilson Financial Group, Inc. for $2.1 million.