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Preneed Activities Level 3 (Tables) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2021
Dec. 31, 2020
Preneed Activities [Abstract]      
Investment related activities [Table Text Block]  
Three months ended September 30,Nine months ended September 30,
2021202020212020
 (In thousands)
Deposits$134,923 $113,444 $389,025 $317,338 
Withdrawals$111,196 $102,873 $341,354 $316,729 
Purchases of securities$475,748 $452,009 $1,287,957 $1,358,005 
Sales of securities$418,261 $423,762 $1,249,066 $1,217,713 
Realized gains from sales of securities(1)
$97,155 $60,772 $402,074 $205,364 
Realized losses from sales of securities(1)
$(23,983)$(43,243)$(57,795)$(190,401)
  
Long-term receivable and investment components [Table Text Block]  
September 30, 2021December 31, 2020
 (In thousands)
Preneed receivables, net$1,212,837 $1,069,965 
Trust investments, at market6,328,077 5,851,188 
Insurance-backed fixed income securities and other233,521 245,056 
Trust investments6,561,598 6,096,244 
Less: Cemetery perpetual care trust investments(1,950,630)(1,820,489)
Preneed trust investments4,610,968 4,275,755 
Preneed receivables, net and trust investments$5,823,805 $5,345,720 
Preneed receivables, net comprised the following:
September 30, 2021
FuneralCemeteryTotal
 (In thousands)
Preneed receivables$160,895 $1,097,764 $1,258,659 
Unearned finance charges(12,221)(12,888)(25,109)
Preneed receivables, at amortized cost148,674 1,084,876 1,233,550 
Reserve for credit losses (12,283)(8,430)(20,713)
Preneed receivables, net$136,391 $1,076,446 $1,212,837 
December 31, 2020
FuneralCemeteryTotal
 (In thousands)
Preneed receivables$143,896 $979,259 $1,123,155 
Unearned finance charges(14,018)(19,968)(33,986)
Preneed receivables, at amortized cost129,878 959,291 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:
September 30, 2021December 31, 2020
 (In thousands)
Preneed receivables, net$1,212,837 $1,069,965 
Trust investments, at market6,328,077 5,851,188 
Insurance-backed fixed income securities and other233,521 245,056 
Trust investments6,561,598 6,096,244 
Less: Cemetery perpetual care trust investments(1,950,630)(1,820,489)
Preneed trust investments4,610,968 4,275,755 
Preneed receivables, net and trust investments$5,823,805 $5,345,720 
  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]
 December 31, 2020
Fair Value Hierarchy LevelCostUnrealized
Gains		Unrealized
Losses		Value
  (In thousands) 
Fixed income securities:    
U.S. Treasury2$44,907 $1,566 $(272)$46,201 
Canadian government230,210 51 (157)30,104 
Corporate21,669 14 (8)1,675 
Residential mortgage-backed22,438 131 — 2,569 
Asset-backed2174 3 (5)172 
Equity securities: 
Preferred stock2358 — (24)334 
Common stock: 
United States11,500,125 503,757 (54,748)1,949,134 
Canada135,016 10,915 (1,823)44,108 
Other international1110,775 39,837 (1,831)148,781 
Mutual funds: 
Equity1821,406 95,155 (10,437)906,124 
Fixed income11,022,409 35,872 (19,298)1,038,983 
Other3188 2 — 190 
Trust investments, at fair value3,569,675 687,303 (88,603)4,168,375 
Commingled funds
Fixed income657,219 37,474 (173)694,520 
Equity283,329 97,704 — 381,033 
Money market funds330,745 — — 330,745 
Alternative investments217,953 68,846 (10,284)276,515 
Trust investments, at net asset value1,489,246 204,024 (10,457)1,682,813 
Trust investments, at market$5,058,921 $891,327 $(99,060)$5,851,188 
 September 30, 2021
Fair Value Hierarchy LevelCostUnrealized
Gains		Unrealized
Losses		Value
  (In thousands) 
Fixed income securities:    
U.S. Treasury2$50,019 $1,029 $(333)$50,715 
Canadian government230,035 34 (12)30,057 
Corporate2497 8 (10)495 
Residential mortgage-backed21,374 72 (8)1,438 
Asset-backed2283 3 (9)277 
Equity securities: 
Preferred stock24,843 41 (71)4,813 
Common stock: 
United States11,582,652 562,106 (60,243)2,084,515 
Canada147,178 19,185 (1,038)65,325 
Other international1128,095 50,839 (6,924)172,010 
Mutual funds: 
Equity1814,776 156,109 (3,378)967,507 
Fixed income1999,849 43,524 (6,119)1,037,254 
Other3187 2 — 189 
Trust investments, at fair value3,659,788 832,952 (78,145)4,414,595 
Commingled funds
Fixed income756,031 33,977 (2,429)787,579 
Equity259,790 103,912 (6)363,696 
Money market funds368,461 — — 368,461 
Alternative investments289,019 111,241 (6,514)393,746 
Trust investments, at net asset value1,673,301 249,130 (8,949)1,913,482 
Trust investments, at market$5,333,089 $1,082,082 $(87,094)$6,328,077 
  
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 September 30,Nine months ended September 30,
2021202020212020
(In thousands)
Fair value, beginning balance $189 $423 $190 $8,218 
Net realized and unrealized (losses) included in Other income, net(1)
— (355)(1)(612)
Purchases— 57 — 4,626 
Sales— (60)— (5,356)
Transfers— — — (6,811)
Fair value, ending balance $189 $65 $189 $65 
(1)All net realized and unrealized (losses) recognized in Other income, net for our trust investments are offset by a corresponding reclassification in Other income, 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 September 30,Nine months ended September 30,
2021202020212020
(In thousands)
Fair value, beginning balance $189 $423 $190 $8,218 
Net realized and unrealized (losses) included in Other income, net(1)
— (355)(1)(612)
Purchases— 57 — 4,626 
Sales— (60)— (5,356)
Transfers— — — (6,811)
Fair value, ending balance $189 $65 $189 $65 
  
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:
September 30, 2021December 31, 2020
 (In thousands)
Preneed receivables, net$1,212,837 $1,069,965 
Trust investments, at market6,328,077 5,851,188 
Insurance-backed fixed income securities and other233,521 245,056 
Trust investments6,561,598 6,096,244 
Less: Cemetery perpetual care trust investments(1,950,630)(1,820,489)
Preneed trust investments4,610,968 4,275,755 
Preneed receivables, net and trust investments$5,823,805 $5,345,720 

Preneed receivables, net comprised the following:
September 30, 2021
FuneralCemeteryTotal
 (In thousands)
Preneed receivables$160,895 $1,097,764 $1,258,659 
Unearned finance charges(12,221)(12,888)(25,109)
Preneed receivables, at amortized cost148,674 1,084,876 1,233,550 
Reserve for credit losses (12,283)(8,430)(20,713)
Preneed receivables, net$136,391 $1,076,446 $1,212,837 
December 31, 2020
FuneralCemeteryTotal
 (In thousands)
Preneed receivables$143,896 $979,259 $1,123,155 
Unearned finance charges(14,018)(19,968)(33,986)
Preneed receivables, at amortized cost129,878 959,291 1,089,169 
Reserve for credit losses(10,940)(8,264)(19,204)
Preneed receivables, net$118,938 $951,027 $1,069,965 
At September 30, 2021, the amortized cost basis of our preneed receivables by year of origination was as follows:
20212020201920182017PriorTotal
 (In thousands)
Preneed receivables, at amortized cost:
Funeral$58,724 $41,511 $25,009 $8,236 $3,992 $11,202 $148,674 
Cemetery403,056 333,177 167,602 99,699 51,926 29,416 1,084,876 
Total preneed receivables, at amortized cost$461,780 $374,688 $192,611 $107,935 $55,918 $40,618 $1,233,550 

At September 30, 2021, the payment status of our preneed receivables was as follows:
Past Due
<30 Days30-90 Days90-180 Days>180 DaysTotalCurrentTotal
 (In thousands)
Preneed receivables, at amortized cost:
Funeral$4,235 $2,779 $1,727 $16,988 $25,729 $122,945 $148,674 
Cemetery34,238 22,832 5,946 2,602 65,618 1,019,258 1,084,876 
Total preneed receivables, at amortized cost$38,473 $25,611 $7,673 $19,590 $91,347 $1,142,203 $1,233,550 

The following table summarizes the activity for the reserve for credit losses on preneed receivables for the nine months ended September 30, 2021:
January 1, 2021Provision for Expected Credit LossesWrite OffsEffect of Foreign CurrencySeptember 30, 2021
 (In thousands)
Funeral$(10,940)$(3,731)$2,388 $— $(12,283)
Cemetery(8,264)(469)305 (2)(8,430)
Total reserve for credit losses on preneed receivables$(19,204)$(4,200)$2,693 $(2)$(20,713)

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

Three months ended September 30,Nine months ended September 30,
2021202020212020
 (In thousands)
Deposits$134,923 $113,444 $389,025 $317,338 
Withdrawals$111,196 $102,873 $341,354 $316,729 
Purchases of securities$475,748 $452,009 $1,287,957 $1,358,005 
Sales of securities$418,261 $423,762 $1,249,066 $1,217,713 
Realized gains from sales of securities(1)
$97,155 $60,772 $402,074 $205,364 
Realized losses from sales of securities(1)
$(23,983)$(43,243)$(57,795)$(190,401)
(1)All realized gains and losses are recognized in Other income, net for our trust investments and are offset by a corresponding reclassification in Other income, 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.
 September 30, 2021
Fair Value Hierarchy LevelCostUnrealized
Gains		Unrealized
Losses		Value
  (In thousands) 
Fixed income securities:    
U.S. Treasury2$50,019 $1,029 $(333)$50,715 
Canadian government230,035 34 (12)30,057 
Corporate2497 8 (10)495 
Residential mortgage-backed21,374 72 (8)1,438 
Asset-backed2283 3 (9)277 
Equity securities: 
Preferred stock24,843 41 (71)4,813 
Common stock: 
United States11,582,652 562,106 (60,243)2,084,515 
Canada147,178 19,185 (1,038)65,325 
Other international1128,095 50,839 (6,924)172,010 
Mutual funds: 
Equity1814,776 156,109 (3,378)967,507 
Fixed income1999,849 43,524 (6,119)1,037,254 
Other3187 2 — 189 
Trust investments, at fair value3,659,788 832,952 (78,145)4,414,595 
Commingled funds
Fixed income756,031 33,977 (2,429)787,579 
Equity259,790 103,912 (6)363,696 
Money market funds368,461 — — 368,461 
Alternative investments289,019 111,241 (6,514)393,746 
Trust investments, at net asset value1,673,301 249,130 (8,949)1,913,482 
Trust investments, at market$5,333,089 $1,082,082 $(87,094)$6,328,077 
 December 31, 2020
Fair Value Hierarchy LevelCostUnrealized
Gains		Unrealized
Losses		Value
  (In thousands) 
Fixed income securities:    
U.S. Treasury2$44,907 $1,566 $(272)$46,201 
Canadian government230,210 51 (157)30,104 
Corporate21,669 14 (8)1,675 
Residential mortgage-backed22,438 131 — 2,569 
Asset-backed2174 3 (5)172 
Equity securities: 
Preferred stock2358 — (24)334 
Common stock: 
United States11,500,125 503,757 (54,748)1,949,134 
Canada135,016 10,915 (1,823)44,108 
Other international1110,775 39,837 (1,831)148,781 
Mutual funds: 
Equity1821,406 95,155 (10,437)906,124 
Fixed income11,022,409 35,872 (19,298)1,038,983 
Other3188 2 — 190 
Trust investments, at fair value3,569,675 687,303 (88,603)4,168,375 
Commingled funds
Fixed income657,219 37,474 (173)694,520 
Equity283,329 97,704 — 381,033 
Money market funds330,745 — — 330,745 
Alternative investments217,953 68,846 (10,284)276,515 
Trust investments, at net asset value1,489,246 204,024 (10,457)1,682,813 
Trust investments, at market$5,058,921 $891,327 $(99,060)$5,851,188 
Our alternative investments include funds invested in limited partnerships with interests in private equity, private market real estate, energy and natural resources, infrastructure, transportation, and private debt including both distressed debt 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 September 30,Nine months ended September 30,
2021202020212020
(In thousands)
Fair value, beginning balance $189 $423 $190 $8,218 
Net realized and unrealized (losses) included in Other income, net(1)
— (355)(1)(612)
Purchases— 57 — 4,626 
Sales— (60)— (5,356)
Transfers— — — (6,811)
Fair value, ending balance $189 $65 $189 $65 
(1)All net realized and unrealized (losses) recognized in Other income, net for our trust investments are offset by a corresponding reclassification in Other income, 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 September 30, 2021 are estimated as follows:
 Fair Value
 (In thousands)
Due in one year or less$52,892 
Due in one to five years22,559 
Due in five to ten years7,296 
Thereafter235 
Total estimated maturities of fixed income securities$82,982 
Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $46.1 million and $33.9 million, for the three months ended September 30, 2021 and 2020, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $23.1 million and $15.9 million for the three months ended September 30, 2021 and 2020, respectively.
Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $134.8 million and $93.1 million, for the nine months ended September 30, 2021 and 2020, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $71.0 million and $52.7 million for the nine months ended September 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:
September 30, 2021December 31, 2020
 (In thousands)
Deferred revenue$2,228,602 $2,127,878 
Amounts due from customers for unfulfilled performance obligations on cancelable preneed contracts(701,523)(638,969)
Deferred revenue, net$1,527,079 $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:
Nine months ended September 30,
20212020
 (In thousands)
Beginning balance — Deferred revenue, net and Deferred receipts held in trust
$5,761,291 $5,306,479 
Net preneed contract sales985,830 801,064 
(Dispositions) acquisitions of businesses, net(5,921)14,201 
Net investment gains (losses)(1)
299,374 (32,410)
Recognized revenue from backlog(2)
(376,084)(324,117)
Recognized revenue from current period sales(470,644)(407,666)
Change in amounts due on unfulfilled performance obligations(62,323)(42,300)
Change in cancellation reserve(315)1,070 
Effect of foreign currency and other2,688 (1,510)
Ending balance — Deferred revenue, net and Deferred receipts held in trust
$6,133,896 $5,314,811 
(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:
Nine months ended September 30,
20212020
 (In thousands)
Beginning balance — Deferred revenue, net and Deferred receipts held in trust
$5,761,291 $5,306,479 
Net preneed contract sales985,830 801,064 
(Dispositions) acquisitions of businesses, net(5,921)14,201 
Net investment gains (losses)(1)
299,374 (32,410)
Recognized revenue from backlog(2)
(376,084)(324,117)
Recognized revenue from current period sales(470,644)(407,666)
Change in amounts due on unfulfilled performance obligations(62,323)(42,300)
Change in cancellation reserve(315)1,070 
Effect of foreign currency and other2,688 (1,510)
Ending balance — Deferred revenue, net and Deferred receipts held in trust
$6,133,896 $5,314,811 
(1)Includes both realized and unrealized investment gains (losses).
  
Accounts Receivable, after Allowance for Credit Loss, Noncurrent   $ 1,212,837 $ 1,069,965
Assets Held-in-trust   6,328,077 5,851,188
Insurance-backed fixed income securities and other [Line Items]   233,521 245,056
Cemetery perpetual care trust investments   $ (1,950,630) $ (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 September 30, 2021 are estimated as follows:
 Fair Value
 (In thousands)
Due in one year or less$52,892 
Due in one to five years22,559 
Due in five to ten years7,296 
Thereafter235 
Total estimated maturities of fixed income securities$82,982