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Preneed Funeral Activities (Tables)
 3 Months Ended
Mar. 31, 2016
Preneed funeral receivables net and trust investments [Line Items]  
Schedule of Unrealized Loss on Investments
Our merchandise and service trust investment unrealized losses, their associated values and the duration of unrealized losses as of March 31, 2016 and December 31, 2015, respectively, are shown in the following tables:
 
March 31, 2016
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
Canadian government
$
19,788

 
$
(12
)
 
$
1,197

 
$
(37
)
 
$
20,985

 
$
(49
)
Corporate
1,632

 
(36
)
 
2,383

 
(132
)
 
4,015

 
(168
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
197,289

 
(31,577
)
 
21,487

 
(6,128
)
 
218,776

 
(37,705
)
Canada
653

 
(199
)
 
692

 
(96
)
 
1,345

 
(295
)
Other international
17,150

 
(3,452
)
 
7,230

 
(2,382
)
 
24,380

 
(5,834
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
198,230

 
(25,801
)
 
82,557

 
(18,605
)
 
280,787

 
(44,406
)
Fixed income
113,796

 
(3,463
)
 
36,630

 
(11,312
)
 
150,426

 
(14,775
)
Other
1,297

 
(179
)
 
—

 
—

 
1,297

 
(179
)
Trust investments, at fair value
549,835

 
(64,719
)
 
152,176

 
(38,692
)
 
702,011

 
(103,411
)
Private equity
—

 
—

 
8,661

 
(4,599
)
 
8,661

 
(4,599
)
Trust investments, at net asset value
—

 
—

 
8,661

 
(4,599
)
 
8,661

 
(4,599
)
Total temporarily impaired securities
$
549,835

 
$
(64,719
)
 
$
160,837

 
$
(43,291
)
 
$
710,672

 
$
(108,010
)


 
December 31, 2015
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
52,533

 
$
(1,435
)
 
$
21

 
$
(2
)
 
$
52,554

 
$
(1,437
)
Canadian government
16,039

 
(105
)
 
841

 
(64
)
 
16,880

 
(169
)
Corporate
1,754

 
(22
)
 
2,347

 
(96
)
 
4,101

 
(118
)
Residential mortgage-backed
42

 
(1
)
 
18

 
(2
)
 
60

 
(3
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
198,843

 
(26,038
)
 
21,355

 
(5,999
)
 
220,198

 
(32,037
)
Canada
470

 
(6
)
 
1,430

 
(885
)
 
1,900

 
(891
)
Other international
15,567

 
(2,507
)
 
9,412

 
(3,292
)
 
24,979

 
(5,799
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
207,349

 
(25,991
)
 
86,720

 
(23,651
)
 
294,069

 
(49,642
)
Fixed income
139,749

 
(6,322
)
 
44,550

 
(12,204
)
 
184,299

 
(18,526
)
Trust investments, at fair value
632,346

 
(62,427
)
 
166,694

 
(46,195
)
 
799,040

 
(108,622
)
Fixed income commingled funds
108,347

 
(570
)
 
—

 
—

 
108,347

 
(570
)
Private equity
—

 
—

 
9,526

 
(4,502
)
 
9,526

 
(4,502
)
Trust investments, at net asset value
108,347

 
(570
)
 
9,526

 
(4,502
)
 
117,873

 
(5,072
)
Total temporarily impaired securities
$
740,693

 
$
(62,997
)
 
$
176,220

 
$
(50,697
)
 
$
916,913

 
$
(113,694
)
Our cemetery perpetual care trust investment unrealized losses, their associated values and the duration of unrealized losses as of March 31, 2016 and December 31, 2015, respectively, are shown in the following tables:
 
March 31, 2016
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
—

 
$
—

 
$
2,878

 
$
(108
)
 
$
2,878

 
$
(108
)
Canadian government
21,022

 
(38
)
 
2,069

 
(68
)
 
23,091

 
(106
)
Corporate
3,574

 
(102
)
 
4,423

 
(260
)
 
7,997

 
(362
)
Asset-backed
115

 
(12
)
 
356

 
(22
)
 
471

 
(34
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
3,240

 
(134
)
 
—

 
—

 
3,240

 
(134
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
94,696

 
(8,843
)
 
16,916

 
(3,341
)
 
111,612

 
(12,184
)
Canada
372

 
(84
)
 
532

 
(168
)
 
904

 
(252
)
Other international
7,964

 
(1,450
)
 
2,793

 
(1,475
)
 
10,757

 
(2,925
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
3,778

 
(660
)
 
1,217

 
(1,377
)
 
4,995

 
(2,037
)
Fixed income
299,920


(9,270
)

294,024


(44,905
)

593,944


(54,175
)
Trust investments, at fair value
434,681

 
(20,593
)
 
325,208

 
(51,724
)
 
759,889

 
(72,317
)
Private equity
20,203

 
(410
)
 
32,142

 
(7,784
)
 
52,345

 
(8,194
)
Trust investments, at net asset value
20,203

 
(410
)
 
32,142

 
(7,784
)
 
52,345

 
(8,194
)
Total temporarily impaired securities
$
454,884

 
$
(21,003
)
 
$
357,350

 
$
(59,508
)
 
$
812,234

 
$
(80,511
)

 
December 31, 2015
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
3,275

 
$
(80
)
 
$
35

 
$
(1
)
 
$
3,310

 
$
(81
)
Canadian government
18,499

 
(164
)
 
1,371

 
(102
)
 
19,870

 
(266
)
Corporate
5,163

 
(134
)
 
4,147

 
(150
)
 
9,310

 
(284
)
Residential mortgage-backed
303

 
(3
)
 
117

 
(6
)
 
420

 
(9
)
Asset-backed
145

 
(12
)
 
360

 
(19
)
 
505

 
(31
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
4,029

 
(159
)
 
—

 
—

 
4,029


(159
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
81,624

 
(7,793
)
 
14,900

 
(3,105
)
 
96,524

 
(10,898
)
Canada
702

 
(31
)
 
1,026

 
(575
)
 
1,728

 
(606
)
Other international
8,734

 
(940
)
 
2,347

 
(1,450
)
 
11,081

 
(2,390
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
4,580

 
(606
)
 
1,258

 
(1,244
)
 
5,838

 
(1,850
)
Fixed income
519,981

 
(18,205
)
 
294,309

 
(45,708
)
 
814,290

 
(63,913
)
Trust investments, at fair value
647,035

 
(28,127
)
 
319,870

 
(52,360
)
 
966,905

 
(80,487
)
Private equity
10,592

 
(61
)
 
24,556

 
(8,035
)
 
35,148

 
(8,096
)
Trust investments, at net asset value
10,592

 
(61
)
 
24,556

 
(8,035
)
 
35,148

 
(8,096
)
Total temporarily impaired securities
$
657,627

 
$
(28,188
)
 
$
344,426

 
$
(60,395
)
 
$
1,002,053

 
$
(88,583
)
Funeral  
Preneed funeral receivables net and trust investments [Line Items]  
Investment related activities
The table below sets forth certain investment-related activities associated with these preneed merchandise and service trusts:
 
 
Three Months Ended
 
 
March 31,
 
 
2016
 
2015
 
 
(In thousands)
Deposits
 
$
27,708

 
$
29,995

Withdrawals
 
$
35,170

 
$
45,444

Purchases of available-for-sale securities
 
$
109,522

 
$
104,231

Sales of available-for-sale securities
 
$
99,493

 
$
82,320

Realized gains from sales of available-for-sale securities
 
$
6,824

 
$
4,349

Realized losses from sales of available-for-sale securities
 
$
(19,651
)
 
$
(4,735
)
Long-term receivable and investment components
The components of Preneed funeral receivables, net and trust investments in our unaudited condensed Consolidated Balance Sheet at March 31, 2016 and December 31, 2015 are as follows:
 
March 31, 2016
 
December 31, 2015
 
(In thousands)
Trust investments, at market
$
1,112,379

 
$
1,109,394

Cash and cash equivalents
128,315

 
134,603

Insurance-backed fixed income securities
270,473

 
271,116

Trust investments
1,511,167

 
1,515,113

Receivables from customers
298,852

 
290,689

Unearned finance charge
(11,906
)
 
(11,235
)
 
1,798,113

 
1,794,567

Allowance for cancellation
(34,839
)
 
(34,270
)
Preneed funeral receivables, net and trust investments
$
1,763,274

 
$
1,760,297
Schedule of Available-for-sale Securities Reconciliation
The costs and values associated with trust investments measured at market at March 31, 2016 and December 31, 2015 are detailed below. Cost reflects the investment (net of redemptions) of control holders in the trusts. Value represents the value of the underlying securities held by the trusts.
 
March 31, 2016
 
Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
78,022

 
$
834

 
$
(254
)
 
$
78,602

Canadian government
2
 
77,781

 
410

 
(881
)
 
77,310

Corporate
2
 
14,974

 
173

 
(262
)
 
14,885

Residential mortgage-backed
2
 
80

 
2

 
—

 
82

Asset-backed
2
 
58

 
—

 
(1
)
 
57

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
1,950

 
64

 
(116
)
 
1,898

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
351,310

 
30,275

 
(23,247
)
 
358,338

Canada
1
 
13,014

 
2,338

 
(1,146
)
 
14,206

Other international
1
 
29,746

 
2,171

 
(3,909
)
 
28,008

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
328,286

 
2,780

 
(40,449
)
 
290,617

Fixed income
1
 
150,974

 
594

 
(9,179
)
 
142,389

Other
3
 
3,997

 
910

 
(96
)
 
4,811

Trust investments, at fair value
 
 
1,050,192

 
40,551

 
(79,540
)
 
1,011,203

Fixed income commingled funds
 
 
64,988

 
1,328

 
—

 
66,316

Private equity
 
 
37,761

 
3,701

 
(6,602
)
 
34,860

Trust investments, at net asset value
 
 
102,749

 
5,029

 
(6,602
)
 
101,176

Trust investments, at market
 
 
$
1,152,941

 
$
45,580

 
$
(86,142
)
 
$
1,112,379

 
December 31, 2015
 
Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
82,417

 
$
107

 
$
(1,331
)
 
$
81,193

Canadian government
2
 
72,488

 
532

 
(655
)
 
72,365

Corporate
2
 
19,036

 
235

 
(284
)
 
18,987

Residential mortgage-backed
2
 
1,297

 
29

 
(22
)
 
1,304

Asset-backed
2
 
5

 
—

 
—

 
5

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
1,949

 
41

 
(158
)
 
1,832

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
344,116

 
30,885

 
(19,149
)
 
355,852

Canada
1
 
11,930

 
2,652

 
(1,077
)
 
13,505

Other international
1
 
32,156

 
2,636

 
(3,907
)
 
30,885

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
323,884

 
1,263

 
(43,975
)
 
281,172

Fixed income
1
 
155,717

 
154

 
(13,092
)
 
142,779

Other
3
 
3,703

 
1,069

 
—

 
4,772

Trust investments, at fair value
 
 
1,048,698

 
39,603

 
(83,650
)
 
1,004,651

Fixed income commingled funds
 
 
69,148

 
—

 
(442
)
 
68,706

Private equity
 
 
38,724

 
3,780

 
(6,467
)
 
36,037

Trust investments, at net asset value
 
 
107,872

 
3,780

 
(6,909
)
 
104,743

Trust investments, at market
 
 
$
1,156,570

 
$
43,383

 
$
(90,559
)
 
$
1,109,394
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
 
March 31,
 
2016
 
2015
 
Other
 
Other
 
(In thousands)
Fair value, beginning balance
$
4,772

 
$
4,891

Net unrealized gains (losses) included in Accumulated other comprehensive income(1)
39

 
(74
)
Fair value, ending balance
$
4,811

 
$
4,817
Investments Classified by Contractual Maturity Date
Maturity dates of our fixed income securities range from 2016 to 2041. Maturities of fixed income securities, excluding mutual funds, at March 31, 2016 are estimated as follows:
 
Fair Value
 
(In thousands)
Due in one year or less
$
106,941

Due in one to five years
26,528

Due in five to ten years
31,082

Thereafter
6,385

 
$
170,936
Schedule of Unrealized Loss on Investments
Our merchandise and service trust investment unrealized losses, their associated values, and the duration of unrealized losses as of March 31, 2016 and December 31, 2015, respectively, are shown in the following tables:
 
March 31, 2016
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
4,421

 
$
(169
)
 
$
4,550

 
$
(85
)
 
$
8,971

 
$
(254
)
Canadian government
5,233

 
(77
)
 
12,167

 
(804
)
 
17,400

 
(881
)
Corporate
2,714

 
(108
)
 
3,369

 
(154
)
 
6,083

 
(262
)
   Asset-backed
57

 
(1
)
 
—

 
—

 
57

 
(1
)
Equity securities:
 
 
 
 
 
 
 
 

 

Preferred stock
94

 
(25
)
 
48

 
(91
)
 
142

 
(116
)
Common stock:
 
 
 
 
 
 
 
 

 

United States
124,502

 
(19,418
)
 
14,346

 
(3,829
)
 
138,848

 
(23,247
)
Canada
4,918

 
(866
)
 
670

 
(280
)
 
5,588

 
(1,146
)
Other international
11,101

 
(2,189
)
 
4,841

 
(1,720
)
 
15,942

 
(3,909
)
Mutual funds:
 
 
 
 
 
 
 
 

 

Equity
182,603

 
(23,695
)
 
71,967

 
(16,754
)
 
254,570

 
(40,449
)
Fixed income
77,990

 
(2,994
)
 
21,240

 
(6,185
)
 
99,230

 
(9,179
)
Other
1,084

 
(96
)
 
—

 
—

 
1,084

 
(96
)
Trust investments, at fair value
414,717

 
(49,638
)
 
133,198

 
(29,902
)
 
547,915

 
(79,540
)
Private equity
788

 
(612
)
 
17,165

 
(5,990
)
 
17,953

 
(6,602
)
Trust investments, at net asset value
788

 
(612
)
 
17,165

 
(5,990
)
 
17,953

 
(6,602
)
Total temporarily impaired securities
$
415,505

 
$
(50,250
)
 
$
150,363

 
$
(35,892
)
 
$
565,868

 
$
(86,142
)

 
December 31, 2015
 
In Loss Position
Less Than 12 Months
 
In Loss Position
Greater Than 12 Months
 
Total
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
Value
 
Unrealized
Losses
 
 
 
 
 
(In thousands)
 
 
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasury
$
37,008

 
$
(1,273
)
 
$
4,687

 
$
(58
)
 
$
41,695

 
$
(1,331
)
Canadian government
2,336

 
(17
)
 
11,535

 
(638
)
 
13,871

 
(655
)
Corporate
4,644

 
(156
)
 
4,025

 
(128
)
 
8,669

 
(284
)
Residential mortgage-backed
377

 
(6
)
 
133

 
(16
)
 
510

 
(22
)
Equity securities:
 
 
 
 
 
 
 
 
 
 
 
Preferred stock
448

 
(60
)
 
42

 
(98
)
 
490

 
(158
)
Common stock:
 
 
 
 
 
 
 
 
 
 
 
United States
128,725

 
(16,448
)
 
14,531

 
(2,701
)
 
143,256

 
(19,149
)
Canada
1,956

 
(355
)
 
1,097

 
(722
)
 
3,053

 
(1,077
)
Other international
9,458

 
(1,638
)
 
6,151

 
(2,269
)
 
15,609

 
(3,907
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity
185,726

 
(23,385
)
 
79,855

 
(20,590
)
 
265,581

 
(43,975
)
Fixed income
108,984

 
(5,052
)
 
27,048

 
(8,040
)
 
136,032

 
(13,092
)
Trust investments, at fair value
479,662

 
(48,390
)
 
149,104

 
(35,260
)
 
628,766

 
(83,650
)
Fixed income commingled funds
68,578

 
(442
)
 
—

 
—

 
68,578

 
(442
)
Private equity
—

 
—

 
18,713

 
(6,467
)
 
18,713

 
(6,467
)
Trust investments, at net asset value
68,578

 
(442
)
 
18,713

 
(6,467
)
 
87,291

 
(6,909
)
Total temporarily impaired securities
$
548,240

 
$
(48,832
)
 
$
167,817

 
$
(41,727
)
 
$
716,057

 
$
(90,559
)