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Preneed Activities Level 3 (Tables) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2022
Dec. 31, 2021
Preneed Activities [Abstract]      
Investment related activities [Table Text Block]  
Three months ended September 30,Nine months ended September 30,
2022202120222021
 (In thousands)
Deposits$134,918 $134,923 $403,340 $389,025 
Withdrawals$120,314 $111,196 $366,465 $341,354 
Purchases of securities$389,487 $475,748 $1,293,426 $1,287,957 
Sales of securities$378,798 $418,261 $1,202,445 $1,249,066 
Realized gains from sales of securities(1)
$53,134 $97,155 $274,373 $402,074 
Realized losses from sales of securities(1)
$(69,442)$(23,983)$(150,085)$(57,795)
  
Long-term receivable and investment components [Table Text Block]  
September 30, 2022December 31, 2021
 (In thousands)
Preneed receivables, net$1,347,159 $1,243,781 
Trust investments, at market5,320,816 6,536,851 
Insurance-backed fixed income securities and other217,593 231,589 
Trust investments5,538,409 6,768,440 
Less: Cemetery perpetual care trust investments(1,607,502)(1,996,898)
Preneed trust investments3,930,907 4,771,542 
Preneed receivables, net and trust investments$5,278,066 $6,015,323 
Preneed receivables, net comprised the following:
September 30, 2022
FuneralCemeteryTotal
 (In thousands)
Preneed receivables$176,702 $1,213,588 $1,390,290 
Unearned finance charges(11,270)(7,498)(18,768)
Preneed receivables, at amortized cost165,432 1,206,090 1,371,522 
Reserve for credit losses (13,713)(10,650)(24,363)
Preneed receivables, net$151,719 $1,195,440 $1,347,159 
December 31, 2021
FuneralCemeteryTotal
 (In thousands)
Preneed receivables$162,183 $1,125,539 $1,287,722 
Unearned finance charges(12,038)(11,176)(23,214)
Preneed receivables, at amortized cost150,145 1,114,363 1,264,508 
Reserve for credit losses(12,722)(8,005)(20,727)
Preneed receivables, net$137,423 $1,106,358 $1,243,781 
  
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, 2022December 31, 2021
 (In thousands)
Preneed receivables, net$1,347,159 $1,243,781 
Trust investments, at market5,320,816 6,536,851 
Insurance-backed fixed income securities and other217,593 231,589 
Trust investments5,538,409 6,768,440 
Less: Cemetery perpetual care trust investments(1,607,502)(1,996,898)
Preneed trust investments3,930,907 4,771,542 
Preneed receivables, net and trust investments$5,278,066 $6,015,323 
  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]
 December 31, 2021
Fair Value Hierarchy LevelCostUnrealized
Gains		Unrealized
Losses		Value
  (In thousands) 
Fixed income securities:    
U.S. Treasury2$51,002 $795 $(283)$51,514 
Canadian government229,881 28 — 29,909 
Corporate2170 6 (2)174 
Residential mortgage-backed21,407 58 (15)1,450 
Asset-backed2274 2 (10)266 
Equity securities: 
Preferred stock24,843 4 (1,024)3,823 
Common stock: 
United States11,648,785 624,349 (56,092)2,217,042 
Canada134,787 19,617 (898)53,506 
Other international1129,486 42,171 (9,819)161,838 
Mutual funds: 
Equity1875,828 140,893 (10,116)1,006,605 
Fixed income11,025,327 12,560 (18,675)1,019,212 
Other3187 1 — 188 
Trust investments, at fair value3,801,977 840,484 (96,934)4,545,527 
Commingled funds
Fixed income662,125 115,939 (3,171)774,893 
Equity230,926 161,125 (114)391,937 
Money market funds408,762 — — 408,762 
Alternative investments292,888 128,197 (5,353)415,732 
Trust investments, at net asset value1,594,701 405,261 (8,638)1,991,324 
Trust investments, at market$5,396,678 $1,245,745 $(105,572)$6,536,851 
 September 30, 2022
Fair Value Hierarchy LevelCostUnrealized
Gains		Unrealized
Losses		Value
  (In thousands) 
Fixed income securities:    
U.S. Treasury2$45,521 $29 $(2,109)$43,441 
Canadian government229,079 15 — 29,094 
Corporate21,357 — (129)1,228 
Residential mortgage-backed21,424 — (110)1,314 
Asset-backed2299 1 (50)250 
Equity securities: 
Preferred stock24,350 — (2,009)2,341 
Common stock: 
United States11,674,835 210,790 (272,253)1,613,372 
Canada144,694 10,484 (13,826)41,352 
Other international1145,601 5,905 (29,682)121,824 
Mutual funds: 
Equity1933,390 39,591 (184,846)788,135 
Fixed income11,129,188 2,767 (181,305)950,650 
Other3187 1 — 188 
Trust investments, at fair value4,009,925 269,583 (686,319)3,593,189 
Commingled funds
Fixed income726,801 9 (97,686)629,124 
Equity308,184 6,918 (9,379)305,723 
Money market funds317,884 — — 317,884 
Alternative investments302,912 172,349 (365)474,896 
Trust investments, at net asset value1,655,781 179,276 (107,430)1,727,627 
Trust investments, at market$5,665,706 $448,859 $(793,749)$5,320,816 
  
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, 2022December 31, 2021
 (In thousands)
Preneed receivables, net$1,347,159 $1,243,781 
Trust investments, at market5,320,816 6,536,851 
Insurance-backed fixed income securities and other217,593 231,589 
Trust investments5,538,409 6,768,440 
Less: Cemetery perpetual care trust investments(1,607,502)(1,996,898)
Preneed trust investments3,930,907 4,771,542 
Preneed receivables, net and trust investments$5,278,066 $6,015,323 
Preneed receivables, net comprised the following:
September 30, 2022
FuneralCemeteryTotal
 (In thousands)
Preneed receivables$176,702 $1,213,588 $1,390,290 
Unearned finance charges(11,270)(7,498)(18,768)
Preneed receivables, at amortized cost165,432 1,206,090 1,371,522 
Reserve for credit losses (13,713)(10,650)(24,363)
Preneed receivables, net$151,719 $1,195,440 $1,347,159 
December 31, 2021
FuneralCemeteryTotal
 (In thousands)
Preneed receivables$162,183 $1,125,539 $1,287,722 
Unearned finance charges(12,038)(11,176)(23,214)
Preneed receivables, at amortized cost150,145 1,114,363 1,264,508 
Reserve for credit losses(12,722)(8,005)(20,727)
Preneed receivables, net$137,423 $1,106,358 $1,243,781 

At September 30, 2022, the amortized cost basis of our preneed receivables by year of origination was as follows:
20222021202020192018PriorTotal
 (In thousands)
Preneed receivables, at amortized cost:
Funeral$61,654 $48,407 $24,884 $13,341 $4,633 $12,513 $165,432 
Cemetery401,803 396,951 226,421 101,421 48,875 30,619 1,206,090 
Total preneed receivables, at amortized cost$463,457 $445,358 $251,305 $114,762 $53,508 $43,132 $1,371,522 

At September 30, 2022, 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$4,913 $3,146 $2,007 $20,517 $30,583 $134,849 $165,432 
Cemetery42,306 24,116 6,045 5,965 78,432 1,127,658 1,206,090 
Total preneed receivables, at amortized cost$47,219 $27,262 $8,052 $26,482 $109,015 $1,262,507 $1,371,522 
The following table summarizes the activity for the reserve for credit losses on preneed receivables for the nine months ended September 30, 2022:
December 31, 2021Provision for Expected Credit LossesWrite OffsEffect of Foreign CurrencySeptember 30, 2022
 (In thousands)
Funeral$(12,722)$(3,498)$2,498 $9 $(13,713)
Cemetery(8,005)(3,202)538 19 (10,650)
Total reserve for credit losses on preneed receivables$(20,727)$(6,700)$3,036 $28 $(24,363)

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

Three months ended September 30,Nine months ended September 30,
2022202120222021
 (In thousands)
Deposits$134,918 $134,923 $403,340 $389,025 
Withdrawals$120,314 $111,196 $366,465 $341,354 
Purchases of securities$389,487 $475,748 $1,293,426 $1,287,957 
Sales of securities$378,798 $418,261 $1,202,445 $1,249,066 
Realized gains from sales of securities(1)
$53,134 $97,155 $274,373 $402,074 
Realized losses from sales of securities(1)
$(69,442)$(23,983)$(150,085)$(57,795)
(1)All realized gains and losses are recognized in Other (expense) income, net for our trust investments and are offset by a corresponding reclassification in Other (expense) 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, 2022
Fair Value Hierarchy LevelCostUnrealized
Gains		Unrealized
Losses		Value
  (In thousands) 
Fixed income securities:    
U.S. Treasury2$45,521 $29 $(2,109)$43,441 
Canadian government229,079 15 — 29,094 
Corporate21,357 — (129)1,228 
Residential mortgage-backed21,424 — (110)1,314 
Asset-backed2299 1 (50)250 
Equity securities: 
Preferred stock24,350 — (2,009)2,341 
Common stock: 
United States11,674,835 210,790 (272,253)1,613,372 
Canada144,694 10,484 (13,826)41,352 
Other international1145,601 5,905 (29,682)121,824 
Mutual funds: 
Equity1933,390 39,591 (184,846)788,135 
Fixed income11,129,188 2,767 (181,305)950,650 
Other3187 1 — 188 
Trust investments, at fair value4,009,925 269,583 (686,319)3,593,189 
Commingled funds
Fixed income726,801 9 (97,686)629,124 
Equity308,184 6,918 (9,379)305,723 
Money market funds317,884 — — 317,884 
Alternative investments302,912 172,349 (365)474,896 
Trust investments, at net asset value1,655,781 179,276 (107,430)1,727,627 
Trust investments, at market$5,665,706 $448,859 $(793,749)$5,320,816 
 December 31, 2021
Fair Value Hierarchy LevelCostUnrealized
Gains		Unrealized
Losses		Value
  (In thousands) 
Fixed income securities:    
U.S. Treasury2$51,002 $795 $(283)$51,514 
Canadian government229,881 28 — 29,909 
Corporate2170 6 (2)174 
Residential mortgage-backed21,407 58 (15)1,450 
Asset-backed2274 2 (10)266 
Equity securities: 
Preferred stock24,843 4 (1,024)3,823 
Common stock: 
United States11,648,785 624,349 (56,092)2,217,042 
Canada134,787 19,617 (898)53,506 
Other international1129,486 42,171 (9,819)161,838 
Mutual funds: 
Equity1875,828 140,893 (10,116)1,006,605 
Fixed income11,025,327 12,560 (18,675)1,019,212 
Other3187 1 — 188 
Trust investments, at fair value3,801,977 840,484 (96,934)4,545,527 
Commingled funds
Fixed income662,125 115,939 (3,171)774,893 
Equity230,926 161,125 (114)391,937 
Money market funds408,762 — — 408,762 
Alternative investments292,888 128,197 (5,353)415,732 
Trust investments, at net asset value1,594,701 405,261 (8,638)1,991,324 
Trust investments, at market$5,396,678 $1,245,745 $(105,572)$6,536,851 
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.
Maturity dates of our fixed income securities range from 2022 to 2040. Maturities of fixed income securities (excluding mutual and commingled funds) at September 30, 2022 are estimated as follows:
 Fair Value
 (In thousands)
Due in one year or less$49,957 
Due in one to five years20,998 
Due in five to ten years4,177 
Thereafter195 
Total estimated maturities of fixed income securities$75,327 
Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $31.6 million and $46.1 million, for the three months ended September 30, 2022 and 2021, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $19.3 million and $23.1 million for the three months ended September 30, 2022 and 2021, respectively.
Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $113.1 million and $134.8 million, for the nine months ended September 30, 2022 and 2021, respectively. Recognized trust fund income
(realized and unrealized) related to our cemetery perpetual care trust investments was $64.6 million and $71.0 million for the nine months ended September 30, 2022 and 2021, 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, 2022December 31, 2021
 (In thousands)
Deferred revenue$2,435,314 $2,259,364 
Amounts due from customers for unfulfilled performance obligations on cancelable preneed contracts(834,976)(726,615)
Deferred revenue, net$1,600,338 $1,532,749 
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,
20222021
 (In thousands)
Beginning balance — Deferred revenue, net and Deferred receipts held in trust
$6,299,241 $5,761,291 
Net preneed contract sales1,104,812 985,830 
Acquisitions (dispositions) of businesses, net616 (5,921)
Net investment (losses) gains(1)
(851,904)299,374 
Recognized revenue from backlog(2)
(406,358)(376,084)
Recognized revenue from current period sales(498,086)(470,644)
Change in amounts due on unfulfilled performance obligations(108,360)(62,323)
Change in cancellation reserve(366)(315)
Effect of foreign currency and other(17,371)2,688 
Ending balance — Deferred revenue, net and Deferred receipts held in trust
$5,522,224 $6,133,896 
(1)Includes both realized and unrealized investment (losses) gains 		 
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,
20222021
 (In thousands)
Beginning balance — Deferred revenue, net and Deferred receipts held in trust
$6,299,241 $5,761,291 
Net preneed contract sales1,104,812 985,830 
Acquisitions (dispositions) of businesses, net616 (5,921)
Net investment (losses) gains(1)
(851,904)299,374 
Recognized revenue from backlog(2)
(406,358)(376,084)
Recognized revenue from current period sales(498,086)(470,644)
Change in amounts due on unfulfilled performance obligations(108,360)(62,323)
Change in cancellation reserve(366)(315)
Effect of foreign currency and other(17,371)2,688 
Ending balance — Deferred revenue, net and Deferred receipts held in trust
$5,522,224 $6,133,896 
(1)Includes both realized and unrealized investment (losses) gains 		 
Accounts Receivable, after Allowance for Credit Loss, Noncurrent   $ 1,347,159 $ 1,243,781
Assets Held-in-trust   5,320,816 6,536,851
Insurance-backed fixed income securities and other [Line Items]   217,593 231,589
Cemetery perpetual care trust investments   $ (1,607,502) $ (1,996,898)
Investments Classified by Contractual Maturity Date [Table Text Block]  
Maturity dates of our fixed income securities range from 2022 to 2040. Maturities of fixed income securities (excluding mutual and commingled funds) at September 30, 2022 are estimated as follows:
 Fair Value
 (In thousands)
Due in one year or less$49,957 
Due in one to five years20,998 
Due in five to ten years4,177 
Thereafter195 
Total estimated maturities of fixed income securities$75,327