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Credit Risk and Fair Value of Financial Instruments Level 1 (Notes)
 3 Months Ended
Mar. 31, 2020
Credit Risk and Fair Value of Financial Instruments [Abstract]  
Credit Risk and Fair Value of Financial Instruments [Text Block] Credit Risk and Fair Value of Financial Instruments
Fair Value Estimates
The fair value estimates of the following financial instruments have been determined using available market information and appropriate valuation methodologies. The carrying values of cash and cash equivalents, trade receivables, and trade payables approximate the fair values of those instruments due to the short-term nature of the instruments. The carrying values of receivables on preneed funeral and cemetery contracts approximate fair value due to the large number of diverse individual contracts with varying terms.
The fair value of our debt instruments at March 31, 2020 and December 31, 2019 was as follows:
 
March 31, 2020
 
December 31, 2019
 
(In thousands)
8.0% Senior Notes due November 2021
$
153,375

 
$
165,375

5.375% Senior Notes due May 2024
858,585

 
879,606

7.5% Notes due April 2027
169,614

 
188,381

4.625% Senior Notes due December 2027
546,035

 
577,500

5.125% Senior Notes due June 2029
825,975

 
798,525

Term Loan due May 2024
625,625

 
633,750

Bank Credit Facility due May 2024
345,000

 
295,000

Mortgage notes and other debt, maturities through 2050
45,707

 
45,104

Total fair value of debt instruments
$
3,569,916

 
$
3,583,241


The fair values of our long-term, fixed rate loans were estimated using market prices for those loans, and therefore they are classified within Level 2 of the fair value measurements hierarchy. The Term Loan, Bank Credit Facility, and the mortgage and other debt are classified within Level 3 of the fair value measurements hierarchy. The fair values of these instruments have been estimated using discounted cash flow analysis based on our incremental borrowing rate for similar borrowing arrangements. An increase (decrease) in the inputs results in a directionally opposite change in the fair value of the instruments.