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, 2016	$	16,492	$	—		$	16,492
Activity in 2017	13,598		—			13,598
Net unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—		107,499			107,499
Reclassification of net unrealized gain activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—		(107,499		)	(107,499		)
Balance at June 30, 2017	$	30,090	$	—		$	30,090

Balance at December 31, 2015	$	6,164	$	—		$	6,164
Activity in 2016	23,125		—			23,125
Net unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—		70,208			70,208
Reclassification of net unrealized gains activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—		(70,208		)	(70,208		)
Balance at June 30, 2016	$	29,289	$	—		$	29,289

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 six months ended June 30, 2017, we repurchased 3,969,544 shares of common stock at an aggregate cost of $120.1 million, which is an average cost per share of $30.25. After these repurchases, the remaining dollar value of shares authorized to be purchased under our share repurchase program was approximately $248.2 million at June 30, 2017.