Equity (Notes)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Stockholders' Equity Note Disclosure

Equity

(All shares reported in whole numbers)

Our components of Accumulated other comprehensive income are as follows:

	Foreign Currency Translation Adjustment			Unrealized Gains and Losses			Accumulated Other Comprehensive Income
				(In thousands)
Balance at December 31, 2015	$	6,164		$	—		$	6,164
Activity in 2016	18,110			—			18,110
Decrease in net unrealized losses associated with available-for-sale securities of the trusts, net of taxes	—			147,017			147,017
Reclassification of net unrealized gain activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—			(147,017		)	(147,017		)
Balance at September 30, 2016	$	24,274		$	—		$	24,274
Balance at December 31, 2014	$	59,414		$	—		$	59,414
Activity in 2015	(42,913		)	—			(42,913		)
Increase in net unrealized losses associated with available-for-sale securities of the trusts, net of taxes	—			(110,016		)	(110,016		)
Reclassification of net unrealized loss activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—			110,016			110,016
Balance at September 30, 2015	$	16,501		$	—		$	16,501

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 foreign currency translation adjustment in Accumulated other comprehensive income.

Share Repurchases

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 stock repurchase program. During the nine months ended September 30, 2016, we repurchased 7,542,812 shares of common stock at an aggregate cost of $193.0 million, which is an average cost per share of $25.59. After these repurchases, the remaining dollar value of shares authorized to be purchased under our share repurchase program was approximately $88.0 million at September 30, 2016.