Preneed Activities Level 3 (Tables) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2020

Jun. 30, 2021

Dec. 31, 2020

Preneed Activities [Abstract]

Investment related activities [Table Text Block]

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(In thousands)
Deposits	$	133,819	$	98,341	$	254,102	$	203,894
Withdrawals	$	117,578	$	99,264	$	230,158	$	213,856
Purchases of securities	$	379,836	$	456,639	$	812,567	$	905,291
Sales of securities	$	399,076	$	441,743	$	831,075	$	793,569
Realized gains from sales of securities(1)	$	174,732	$	92,435	$	304,919	$	144,592
Realized losses from sales of securities(1)	$	(17,644)	$	(61,756)	$	(33,812)	$	(147,158)

Long-term receivable and investment components [Table Text Block]

	June 30, 2021		December 31, 2020
	(In thousands)
Preneed receivables, net	$	1,173,639	$	1,069,965
Trust investments, at market	6,338,420		5,851,188
Insurance-backed fixed income securities and other	239,871		245,056
Trust investments	6,578,291		6,096,244
Less: Cemetery perpetual care trust investments	(1,966,279)		(1,820,489)
Preneed trust investments	4,612,012		4,275,755
Preneed receivables, net and trust investments	$	5,785,651	$	5,345,720

Preneed receivables, net comprised the following:

	June 30, 2021
	Funeral		Cemetery		Total
	(In thousands)
Preneed receivables	$	151,979	$	1,069,526	$	1,221,505
Unearned finance charges	(12,677)		(14,768)		(27,445)
Preneed receivables, at amortized cost	139,302		1,054,758		1,194,060
Reserve for credit losses	(11,851)		(8,570)		(20,421)
Preneed receivables, net	$	127,451	$	1,046,188	$	1,173,639
	December 31, 2020
	Funeral		Cemetery		Total
	(In thousands)
Preneed receivables	$	143,896	$	979,259	$	1,123,155
Unearned finance charges	(14,018)		(19,968)		(33,986)
Preneed receivables, at amortized cost	129,878		959,291		1,089,169
Reserve for credit losses	(10,940)		(8,264)		(19,204)
Preneed receivables, net	$	118,938	$	951,027	$	1,069,965

Preneed Funeral Receivables, Net and Trust Investments [Table Text Block]

The components of Preneed receivables, net and trust investments in our unaudited Condensed Consolidated Balance Sheet were as follows:

	June 30, 2021		December 31, 2020
	(In thousands)
Preneed receivables, net	$	1,173,639	$	1,069,965
Trust investments, at market	6,338,420		5,851,188
Insurance-backed fixed income securities and other	239,871		245,056
Trust investments	6,578,291		6,096,244
Less: Cemetery perpetual care trust investments	(1,966,279)		(1,820,489)
Preneed trust investments	4,612,012		4,275,755
Preneed receivables, net and trust investments	$	5,785,651	$	5,345,720

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

		December 31, 2020
	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Value
				(In thousands)
Fixed income securities:
U.S. Treasury	2	$	44,907	$	1,566	$	(272)	$	46,201
Canadian government	2	30,210		51		(157)		30,104
Corporate	2	1,669		14		(8)		1,675
Residential mortgage-backed	2	2,438		131		—		2,569
Asset-backed	2	174		3		(5)		172
Equity securities:
Preferred stock	2	358		—		(24)		334
Common stock:
United States	1	1,500,125		503,757		(54,748)		1,949,134
Canada	1	35,016		10,915		(1,823)		44,108
Other international	1	110,775		39,837		(1,831)		148,781
Mutual funds:
Equity	1	821,406		95,155		(10,437)		906,124
Fixed income	1	1,022,409		35,872		(19,298)		1,038,983
Other	3	188		2		—		190
Trust investments, at fair value		3,569,675		687,303		(88,603)		4,168,375
Commingled funds
Fixed income		657,219		37,474		(173)		694,520
Equity		283,329		97,704		—		381,033
Money market funds		330,745		—		—		330,745
Private equity		217,953		68,846		(10,284)		276,515
Trust investments, at net asset value		1,489,246		204,024		(10,457)		1,682,813
Trust investments, at market		$	5,058,921	$	891,327	$	(99,060)	$	5,851,188

		June 30, 2021
	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Value
				(In thousands)
Fixed income securities:
U.S. Treasury	2	$	45,983	$	1,146	$	(277)	$	46,852
Canadian government	2	32,537		40		(8)		32,569
Corporate	2	1,139		9		(10)		1,138
Residential mortgage-backed	2	1,073		79		(5)		1,147
Asset-backed	2	283		3		(11)		275
Equity securities:
Preferred stock	2	4,881		570		—		5,451
Common stock:
United States	1	1,534,925		623,471		(31,579)		2,126,817
Canada	1	48,637		18,449		(1,115)		65,971
Other international	1	114,125		51,488		(2,293)		163,320
Mutual funds:
Equity	1	807,456		175,706		(3,506)		979,656
Fixed income	1	1,034,053		41,466		(6,780)		1,068,739
Other	3	187		2		—		189
Trust investments, at fair value		3,625,279		912,429		(45,584)		4,492,124
Commingled funds
Fixed income		659,509		35,879		(2,229)		693,159
Equity		274,669		122,299		(21)		396,947
Money market funds		399,566		—		—		399,566
Private equity		279,305		84,718		(7,399)		356,624
Trust investments, at net asset value		1,613,049		242,896		(9,649)		1,846,296
Trust investments, at market		$	5,238,328	$	1,155,325	$	(55,233)	$	6,338,420

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The change in our market-based trust investments with significant unobservable inputs (Level 3) is as follows:

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(In thousands)
Fair value, beginning balance	$	190	$	418	$	190	$	8,218
Net realized and unrealized gains (losses) included in Other income (expense), net(1)	(1)		717		(1)		(257)
Purchases	—		4,559		—		4,569
Sales	—		(5,271)		—		(5,296)
Transfers	—		—		—		(6,811)
Fair value, ending balance	$	189	$	423	$	189	$	423

(1)All net realized and unrealized gains (losses) recognized in Other income (expense), net for our trust investments are offset by a corresponding reclassification in Other income (expense), net to Deferred receipts held in trust and Care trusts' corpus.

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(In thousands)
Fair value, beginning balance	$	190	$	418	$	190	$	8,218
Net realized and unrealized gains (losses) included in Other income (expense), net(1)	(1)		717		(1)		(257)
Purchases	—		4,559		—		4,569
Sales	—		(5,271)		—		(5,296)
Transfers	—		—		—		(6,811)
Fair value, ending balance	$	189	$	423	$	189	$	423

Preneed Activities Text Block

Preneed Activities

Preneed receivables, net and trust investments

The components of Preneed receivables, net and trust investments in our unaudited Condensed Consolidated Balance Sheet were as follows:

	June 30, 2021		December 31, 2020
	(In thousands)
Preneed receivables, net	$	1,173,639	$	1,069,965
Trust investments, at market	6,338,420		5,851,188
Insurance-backed fixed income securities and other	239,871		245,056
Trust investments	6,578,291		6,096,244
Less: Cemetery perpetual care trust investments	(1,966,279)		(1,820,489)
Preneed trust investments	4,612,012		4,275,755
Preneed receivables, net and trust investments	$	5,785,651	$	5,345,720

Preneed receivables, net comprised the following:

	June 30, 2021
	Funeral		Cemetery		Total
	(In thousands)
Preneed receivables	$	151,979	$	1,069,526	$	1,221,505
Unearned finance charges	(12,677)		(14,768)		(27,445)
Preneed receivables, at amortized cost	139,302		1,054,758		1,194,060
Reserve for credit losses	(11,851)		(8,570)		(20,421)
Preneed receivables, net	$	127,451	$	1,046,188	$	1,173,639
	December 31, 2020
	Funeral		Cemetery		Total
	(In thousands)
Preneed receivables	$	143,896	$	979,259	$	1,123,155
Unearned finance charges	(14,018)		(19,968)		(33,986)
Preneed receivables, at amortized cost	129,878		959,291		1,089,169
Reserve for credit losses	(10,940)		(8,264)		(19,204)
Preneed receivables, net	$	118,938	$	951,027	$	1,069,965

At June 30, 2021, the amortized cost basis of our preneed receivables by year of origination was as follows:

	2021		2020		2019		2018		2017		Prior		Total
	(In thousands)
Preneed receivables, at amortized cost:
Funeral	$	26,933	$	51,591	$	32,566	$	10,989	$	5,258	$	11,965	$	139,302
Cemetery	287,169		363,895		187,176		115,548		62,872		38,098		1,054,758
Total preneed receivables, at amortized cost	$	314,102	$	415,486	$	219,742	$	126,537	$	68,130	$	50,063	$	1,194,060

At June 30, 2021, the payment status of our preneed receivables was as follows:

	Past Due
	<30 Days		30-90 Days		90-180 Days		>180 Days		Total		Current		Total
	(In thousands)
Preneed receivables, at amortized cost:
Funeral	$	3,736	$	3,829	$	1,271	$	16,782	$	25,618	$	113,684	$	139,302
Cemetery	29,043		23,172		3,313		1,049		56,577		998,181		1,054,758
Total preneed receivables, at amortized cost	$	32,779	$	27,001	$	4,584	$	17,831	$	82,195	$	1,111,865	$	1,194,060

The following table summarizes the activity for the reserve for credit losses on preneed receivables for the six months ended June 30, 2021:

	January 1, 2021		Provision for Expected Credit Losses		Write Offs		Effect of Foreign Currency		June 30, 2021
	(In thousands)
Funeral	$	(10,940)	$	(2,635)	$	1,727	$	(3)	$	(11,851)
Cemetery	(8,264)		(509)		209		(6)		(8,570)
Total reserve for credit losses on preneed receivables	$	(19,204)	$	(3,144)	$	1,936	$	(9)	$	(20,421)

The table below sets forth certain investment-related activities associated with our trusts:

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(In thousands)
Deposits	$	133,819	$	98,341	$	254,102	$	203,894
Withdrawals	$	117,578	$	99,264	$	230,158	$	213,856
Purchases of securities	$	379,836	$	456,639	$	812,567	$	905,291
Sales of securities	$	399,076	$	441,743	$	831,075	$	793,569
Realized gains from sales of securities(1)	$	174,732	$	92,435	$	304,919	$	144,592
Realized losses from sales of securities(1)	$	(17,644)	$	(61,756)	$	(33,812)	$	(147,158)

(1)All realized gains and losses are recognized in Other income (expense), net for our trust investments and are offset by a corresponding reclassification in Other income (expense), net to Deferred receipts held in trust and Care trusts’ corpus.

The cost and market values associated with trust investments recorded at market value are detailed below. Cost reflects the investment (net of redemptions) of control holders in the trusts. Fair value represents the value of the underlying securities held by the trusts.

		June 30, 2021
	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Value
				(In thousands)
Fixed income securities:
U.S. Treasury	2	$	45,983	$	1,146	$	(277)	$	46,852
Canadian government	2	32,537		40		(8)		32,569
Corporate	2	1,139		9		(10)		1,138
Residential mortgage-backed	2	1,073		79		(5)		1,147
Asset-backed	2	283		3		(11)		275
Equity securities:
Preferred stock	2	4,881		570		—		5,451
Common stock:
United States	1	1,534,925		623,471		(31,579)		2,126,817
Canada	1	48,637		18,449		(1,115)		65,971
Other international	1	114,125		51,488		(2,293)		163,320
Mutual funds:
Equity	1	807,456		175,706		(3,506)		979,656
Fixed income	1	1,034,053		41,466		(6,780)		1,068,739
Other	3	187		2		—		189
Trust investments, at fair value		3,625,279		912,429		(45,584)		4,492,124
Commingled funds
Fixed income		659,509		35,879		(2,229)		693,159
Equity		274,669		122,299		(21)		396,947
Money market funds		399,566		—		—		399,566
Private equity		279,305		84,718		(7,399)		356,624
Trust investments, at net asset value		1,613,049		242,896		(9,649)		1,846,296
Trust investments, at market		$	5,238,328	$	1,155,325	$	(55,233)	$	6,338,420

		December 31, 2020
	Fair Value Hierarchy Level	Cost		Unrealized Gains		Unrealized Losses		Value
				(In thousands)
Fixed income securities:
U.S. Treasury	2	$	44,907	$	1,566	$	(272)	$	46,201
Canadian government	2	30,210		51		(157)		30,104
Corporate	2	1,669		14		(8)		1,675
Residential mortgage-backed	2	2,438		131		—		2,569
Asset-backed	2	174		3		(5)		172
Equity securities:
Preferred stock	2	358		—		(24)		334
Common stock:
United States	1	1,500,125		503,757		(54,748)		1,949,134
Canada	1	35,016		10,915		(1,823)		44,108
Other international	1	110,775		39,837		(1,831)		148,781
Mutual funds:
Equity	1	821,406		95,155		(10,437)		906,124
Fixed income	1	1,022,409		35,872		(19,298)		1,038,983
Other	3	188		2		—		190
Trust investments, at fair value		3,569,675		687,303		(88,603)		4,168,375
Commingled funds
Fixed income		657,219		37,474		(173)		694,520
Equity		283,329		97,704		—		381,033
Money market funds		330,745		—		—		330,745
Private equity		217,953		68,846		(10,284)		276,515
Trust investments, at net asset value		1,489,246		204,024		(10,457)		1,682,813
Trust investments, at market		$	5,058,921	$	891,327	$	(99,060)	$	5,851,188

Our private equity investments include several funds that invest in limited partnerships, distressed debt, real estate, and mezzanine financing. These investments can never be redeemed by the funds. Instead, due to the nature of the investments in this category, distributions are received through the liquidation of the underlying assets of the funds. The funds' managers have not communicated the timing of any liquidations.

The change in our market-based trust investments with significant unobservable inputs (Level 3) is as follows:

	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(In thousands)
Fair value, beginning balance	$	190	$	418	$	190	$	8,218
Net realized and unrealized gains (losses) included in Other income (expense), net(1)	(1)		717		(1)		(257)
Purchases	—		4,559		—		4,569
Sales	—		(5,271)		—		(5,296)
Transfers	—		—		—		(6,811)
Fair value, ending balance	$	189	$	423	$	189	$	423

(1)All net realized and unrealized gains (losses) recognized in Other income (expense), net for our trust investments are offset by a corresponding reclassification in Other income (expense), net to Deferred receipts held in trust and Care trusts' corpus.

Maturity dates of our fixed income securities range from 2021 to 2040. Maturities of fixed income securities (excluding mutual funds) at June 30, 2021 are estimated as follows:

	Fair Value
	(In thousands)
Due in one year or less	$	50,680
Due in one to five years	24,461
Due in five to ten years	6,605
Thereafter	235
Total estimated maturities of fixed income securities	$	81,981

Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $43.8 million and $27.0 million, for the three months ended June 30, 2021 and 2020, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $27.0 million and $17.3 million for the three months ended June 30, 2021 and 2020, respectively.

Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $88.8 million and $59.2 million, for the six months ended June 30, 2021 and 2020, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $47.8 million and $36.8 million for the six months ended June 30, 2021 and 2020, respectively.

Deferred revenue, net

Deferred revenue, net represents future revenue, including distributed trust investment earnings associated with unperformed trust-funded preneed contracts that are not held in trust accounts. Future revenue and net trust investment earnings that are held in trust accounts are included in Deferred receipts held in trust.

The components of Deferred revenue, net in our unaudited Condensed Consolidated Balance Sheet were as follows:

	June 30, 2021		December 31, 2020
	(In thousands)
Deferred revenue	$	2,200,975	$	2,127,878
Amounts due from customers for unfulfilled performance obligations on cancelable preneed contracts	(680,730)		(638,969)
Deferred revenue, net	$	1,520,245	$	1,488,909

The following table summarizes the activity for our contract liabilities, which are reflected in Deferred revenue, net and Deferred receipts held in trust:

	Six months ended June 30,
	2021		2020
	(In thousands)
Beginning balance — Deferred revenue, net and Deferred receipts held in trust	$	5,761,291	$	5,306,479
Net preneed contract sales	644,559		496,467
(Dispositions) acquisitions of businesses, net	(604)		12,777
Net investment gains (losses)(1)	312,837		(189,474)
Recognized revenue from backlog(2)	(270,817)		(226,663)
Recognized revenue from current period sales	(285,596)		(237,296)
Change in amounts due on unfulfilled performance obligations	(40,933)		(18,151)
Change in cancellation reserve	(108)		1,070
Effect of foreign currency and other	8,170		(6,891)
Ending balance — Deferred revenue, net and Deferred receipts held in trust	$	6,128,799	$	5,138,318

(1)Includes both realized and unrealized investment gains (losses).

(2)Includes current year trust fund income through the date of performance.

Deferred Preneed Funeral Revenues [Table Text Block]

The following table summarizes the activity for our contract liabilities, which are reflected in Deferred revenue, net and Deferred receipts held in trust:

	Six months ended June 30,
	2021		2020
	(In thousands)
Beginning balance — Deferred revenue, net and Deferred receipts held in trust	$	5,761,291	$	5,306,479
Net preneed contract sales	644,559		496,467
(Dispositions) acquisitions of businesses, net	(604)		12,777
Net investment gains (losses)(1)	312,837		(189,474)
Recognized revenue from backlog(2)	(270,817)		(226,663)
Recognized revenue from current period sales	(285,596)		(237,296)
Change in amounts due on unfulfilled performance obligations	(40,933)		(18,151)
Change in cancellation reserve	(108)		1,070
Effect of foreign currency and other	8,170		(6,891)
Ending balance — Deferred revenue, net and Deferred receipts held in trust	$	6,128,799	$	5,138,318

(1)Includes both realized and unrealized investment gains (losses).

Accounts Receivable, after Allowance for Credit Loss, Noncurrent

$ 1,173,639

$ 1,069,965

Assets Held-in-trust

6,338,420

5,851,188

Insurance-backed fixed income securities and other [Line Items]

239,871

245,056

Cemetery perpetual care trust investments

$ (1,966,279)

$ (1,820,489)

Investments Classified by Contractual Maturity Date [Table Text Block]

Maturity dates of our fixed income securities range from 2021 to 2040. Maturities of fixed income securities (excluding mutual funds) at June 30, 2021 are estimated as follows:

	Fair Value
	(In thousands)
Due in one year or less	$	50,680
Due in one to five years	24,461
Due in five to ten years	6,605
Thereafter	235
Total estimated maturities of fixed income securities	$	81,981