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Preneed Activities (Tables)
6 Months Ended
Jun. 30, 2019
Preneed Activities [Abstract]  
Long-term receivable and investment components
 
June 30, 2019
 
December 31, 2018
 
(In thousands)
Preneed funeral receivables
$
120,424

 
$
107,612

Preneed cemetery receivables
896,550

 
883,432

Preneed receivables from customers
1,016,974

 
991,044

Unearned finance charge
(50,402
)
 
(44,981
)
Allowance for cancellation
(50,520
)
 
(48,380
)
Preneed receivables, net
$
916,052

 
$
897,683

 
 
 
 
Trust investments, at market
$
5,058,591

 
$
4,585,720

Insurance-backed fixed income securities and other
263,589

 
265,787

Trust investments
5,322,180

 
4,851,507

Less: Cemetery perpetual care trust investments
(1,624,709
)
 
(1,477,798
)
Preneed trust investments
$
3,697,471

 
$
3,373,709

 
 
 
 
Preneed receivables, net and trust investments
$
4,613,523

 
$
4,271,392


Investment related activities
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Deposits
$
112,905

 
$
106,843

 
$
213,357

 
$
200,112

Withdrawals
$
116,680

 
$
114,524

 
$
224,036

 
$
221,293

Purchases of securities
$
240,376

 
$
407,859

 
$
689,534

 
$
1,007,748

Sales of securities
$
240,599

 
$
419,357

 
$
562,390

 
$
1,035,357

Realized gains (1)
$
54,756

 
$
87,840

 
$
98,281

 
$
146,146

Realized losses (1)
$
(16,251
)
 
$
(17,552
)
 
$
(48,882
)
 
$
(29,852
)

Schedule of Available-for-sale Securities Reconciliation
 
June 30, 2019
 
Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
49,425

 
$
666

 
$
(141
)
 
$
49,950

Canadian government
2
 
49,627

 
118

 
(1,196
)
 
48,549

Corporate
2
 
13,194

 
53

 
(233
)
 
13,014

Residential mortgage-backed
2
 
3,311

 
48

 
(1
)
 
3,358

Asset-backed
2
 
134

 
3

 
(7
)
 
130

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
6,114

 
498

 
(116
)
 
6,496

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
1,280,063

 
272,490

 
(60,342
)
 
1,492,211

Canada
1
 
38,568

 
10,489

 
(1,824
)
 
47,233

Other international
1
 
83,107

 
14,817

 
(2,952
)
 
94,972

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
842,772

 
27,898

 
(82,654
)
 
788,016

Fixed income
1
 
1,235,660

 
12,608

 
(38,365
)
 
1,209,903

Other
3
 
6,010

 
578

 

 
6,588

Trust investments, at fair value
 
 
3,607,985

 
340,266

 
(187,831
)
 
3,760,420

Commingled funds
 
 
 
 
 
 
 
 
 
Fixed income
 
 
432,113

 
5,185

 
(3,083
)
 
434,215

Equity
 
 
209,194

 
48,175

 

 
257,369

Money market funds
 
 
343,467

 

 

 
343,467

Private equity
 
 
189,107

 
74,110

 
(97
)
 
263,120

Trust investments, at net asset value
 
 
1,173,881

 
127,470

 
(3,180
)
 
1,298,171

Trust investments, at market
 
 
$
4,781,866

 
$
467,736

 
$
(191,011
)
 
$
5,058,591

 
December 31, 2018
 
Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Value
 
 
 
 
 
(In thousands)
 
 
Fixed income securities:
 
 
 
 
 
 
 
 
 
U.S. Treasury
2
 
$
49,187

 
$
153

 
$
(448
)
 
$
48,892

Canadian government
2
 
56,343

 
23

 
(1,797
)
 
54,569

Corporate
2
 
19,869

 
13

 
(516
)
 
19,366

Residential mortgage-backed
2
 
3,611

 
10

 
(50
)
 
3,571

Asset-backed
2
 
142

 
2

 
(11
)
 
133

Equity securities:
 
 
 
 
 
 
 
 
 
Preferred stock
2
 
9,058

 
180

 
(412
)
 
8,826

Common stock:
 
 
 
 
 
 
 
 
 
United States
1
 
1,236,513

 
149,233

 
(138,141
)
 
1,247,605

Canada
1
 
34,821

 
9,082

 
(3,026
)
 
40,877

Other international
1
 
77,676

 
6,057

 
(10,275
)
 
73,458

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
760,887

 
7,104

 
(151,853
)
 
616,138

Fixed income
1
 
1,180,325

 
800

 
(89,179
)
 
1,091,946

Other
3
 
6,548

 
3,210

 
(3
)
 
9,755

Trust investments, at fair value
 
 
3,434,980

 
175,867

 
(395,711
)
 
3,215,136

Commingled funds
 
 
 
 
 
 
 
 
 
Fixed income
 
 
419,206

 
2,419

 
(18,981
)
 
402,644

Equity
 
 
205,789

 
19,567

 
(11,723
)
 
213,633

Money market funds
 
 
466,429

 

 

 
466,429

Private equity
 
 
215,618

 
72,897

 
(637
)
 
287,878

Trust investments, at net asset value
 
 
1,307,042

 
94,883

 
(31,341
)
 
1,370,584

Trust investments, at market
 
 
$
4,742,022

 
$
270,750

 
$
(427,052
)
 
$
4,585,720


Investments Classified by Contractual Maturity Date
 
Fair Value
 
(In thousands)
Due in one year or less
$
53,448

Due in one to five years
52,187

Due in five to ten years
9,253

Thereafter
113

Total estimated maturities of fixed income securities
$
115,001

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Fair value, beginning balance
$
7,108

 
$
8,533

 
$
9,755

 
$
9,067

Net unrealized (losses) gains included in Other income, net(1)
(322
)
 
264

 
(1,464
)
 
(270
)
Purchases
5

 
7

 
5

 
7

Sales
(203
)
 

 
(1,708
)
 

Acquisitions

 
11,390

 

 
11,390

Fair value, ending balance
$
6,588

 
$
20,194

 
$
6,588

 
$
20,194


Schedule of Unrealized Loss on Investments
 
June 30, 2019
 
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
$
2,898

 
$
(113
)
 
$
4,830

 
$
(28
)
 
$
7,728

 
$
(141
)
Canadian government

 

 
18,246

 
(1,196
)
 
18,246

 
(1,196
)
Corporate
979

 
(2
)
 
7,384

 
(231
)
 
8,363

 
(233
)
Residential mortgage-backed

 

 
50

 
(1
)
 
50

 
(1
)
 Asset-backed

 

 
24

 
(7
)
 
24

 
(7
)
Total temporarily impaired fixed income securities
$
3,877

 
$
(115
)
 
$
30,534

 
$
(1,463
)
 
$
34,411

 
$
(1,578
)
 
December 31, 2018
 
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
$
6,899

 
$
(226
)
 
$
16,374

 
$
(222
)
 
$
23,273

 
$
(448
)
Canadian government
2,254

 
(9
)
 
25,330

 
(1,788
)
 
27,584

 
(1,797
)
Corporate
11,579

 
(206
)
 
6,563

 
(310
)
 
18,142

 
(516
)
Residential mortgage-backed
351

 
(4
)
 
3,010

 
(46
)
 
3,361

 
(50
)
 Asset-backed

 

 
79

 
(11
)
 
79

 
(11
)
Total temporarily impaired fixed income securities
$
21,083

 
$
(445
)
 
$
51,356

 
$
(2,377
)
 
$
72,439

 
$
(2,822
)