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Cemetery Perpetual Care Trusts (Tables)
 3 Months Ended
Mar. 31, 2016
Cemetery Perpetual Care 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
)
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,
 
 
2016
 
2015
 
 
(In thousands)
Deposits
 
$
9,813

 
$
9,253

Withdrawals
 
$
16,294

 
$
13,158

Purchases of available-for-sale securities
 
$
48,476

 
$
101,660

Sales of available-for-sale securities
 
$
33,522

 
$
53,765

Realized gains from sales of available-for-sale securities
 
$
1,494

 
$
398

Realized losses from sales of available-for-sale securities
 
$
(1,616
)
 
$
(129
)
Long-term receivable and investment components
The components of Cemetery perpetual care 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
$
1,261,088

 
$
1,232,592

Cash and cash equivalents
73,077

 
86,835

Cemetery perpetual care trust investments
$
1,334,165

 
$
1,319,427
Schedule of Available-for-sale Securities Reconciliation
 
March 31, 2016
 
Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
2,986

 
$
—

 
$
(108
)
 
$
2,878

Canadian government
2
 
36,402

 
400

 
(106
)
 
36,696

Corporate
2
 
11,324

 
113

 
(362
)
 
11,075

Residential mortgage-backed
2
 
383

 
1

 
—

 
384

Asset-backed
2
 
644

 
6

 
(34
)
 
616

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
5,034

 
67

 
(134
)
 
4,967

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
228,357

 
16,138

 
(12,184
)
 
232,311

Canada
1
 
4,978

 
2,166

 
(252
)
 
6,892

Other international
1
 
14,677

 
119

 
(2,925
)
 
11,871

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
19,842

 
3,531

 
(2,037
)
 
21,336

Fixed income
1
 
904,294

 
1,413

 
(54,175
)
 
851,532

Other
3
 
629

 
1,254

 
—

 
1,883

Trust investments, at fair value
 
 
1,229,550

 
25,208

 
(72,317
)
 
1,182,441

Private equity
 
 
84,479

 
2,362

 
(8,194
)
 
78,647

Trust investments, at net asset value
 
 
84,479

 
2,362

 
(8,194
)
 
78,647

Trust investments, at market
 
 
$
1,314,029

 
$
27,570

 
$
(80,511
)
 
$
1,261,088


 
December 31, 2015
 
Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
3,636

 
$
20

 
$
(81
)
 
$
3,575

Canadian government
2
 
32,477

 
321

 
(266
)
 
32,532

Corporate
2
 
12,694

 
149

 
(284
)
 
12,559

Residential mortgage-backed
2
 
934

 
13

 
(9
)
 
938

Asset-backed
2
 
660

 
5

 
(31
)
 
634

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
5,850

 
55

 
(159
)
 
5,746

Common stock:
 
 
 
 
 
 
 
 


United States
1
 
231,012

 
15,224

 
(10,898
)
 
235,338

Canada
1
 
5,648

 
2,112

 
(606
)
 
7,154

Other international
1
 
14,820

 
160

 
(2,390
)
 
12,590

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
21,783

 
3,138

 
(1,850
)
 
23,071

Fixed income
1
 
890,013

 
530

 
(63,913
)
 
826,630

Other
3
 
645

 
1,257

 
—

 
1,902

Trust investments, at fair value
 
 
1,220,172

 
22,984

 
(80,487
)
 
1,162,669

Private equity
 
 
75,613

 
2,406

 
(8,096
)
 
69,923

Trust investments, at net asset value
 
 
75,613

 
2,406

 
(8,096
)
 
69,923

Trust investments, at market
 
 
$
1,295,785

 
$
25,390

 
$
(88,583
)
 
$
1,232,592
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 market value, beginning balance
$
1,902

 
$
1,556

Net unrealized (losses) gains included in Accumulated other comprehensive income(1)
(19
)

4

Fair market value, ending balance
$
1,883

 
$
1,560
Investments Classified by Contractual Maturity Date
Maturity dates of our fixed income securities range from 2016 to 2040. Maturities of fixed income securities at March 31, 2016 are estimated as follows:
 
Fair Value
 
(In thousands)
Due in one year or less
$
30,364

Due in one to five years
20,955

Due in five to ten years
119

Thereafter
211

 
$
51,649