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Preneed Activities (Tables) | 6 Months Ended
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Jun. 30, 2017
Preneed Activities [Abstract] |
Long-term receivable and investment components |
| June 30, 2017 |  | December 31, 2016
| (In thousands)
Preneed funeral receivables | $ | 327,138 |  |  | $ | 312,556 |
Preneed cemetery receivables | 1,091,264 |  |  | 1,038,592 |
Preneed receivables from customers | 1,418,402 |  |  | 1,351,148 |
Unearned finance charge | (46,488 | ) |  | (45,989 | )
Allowance for cancellation | (108,411 | ) |  | (104,740 | )
Preneed receivables, net | $ | 1,263,503 |  |  | $ | 1,200,419 |
Trust investments, at market | $ | 3,857,858 |  |  | $ | 3,936,908 |
Cash held in trust (1) | 648,003 |  |  | 304,055 |
Insurance-backed fixed income securities and other | 268,721 |  |  | 271,248 |
Trust investments | 4,774,582 |  |  | 4,512,211 |
Less: Cemetery perpetual care trust investments | (1,465,563 | ) |  | (1,407,465 | )
Preneed trust investments | $ | 3,309,019 |  |  | $ | 3,104,746 |
Preneed receivables, net and trust investments | $ | 4,572,522 |  |  | $ | 4,305,165 |
Investment related activities |
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
| (In thousands) |  | (In thousands)
Deposits | $ | 106,771 |  |  | $ | 87,152 |  |  | $ | 191,258 |  |  | $ | 161,671 |
Withdrawals | $ | 104,641 |  |  | $ | 86,168 |  |  | $ | 197,723 |  |  | $ | 170,043 |
Purchases of available-for-sale securities | $ | 387,415 |  |  | $ | 349,789 |  |  | $ | 904,571 |  |  | $ | 641,471 |
Sales of available-for-sale securities (1) | $ | 738,302 |  |  | $ | 336,491 |  |  | $ | 1,227,167 |  |  | $ | 601,070 |
Schedule of Available-for-sale Securities Reconciliation |
| June 30, 2017
| Value Hierarchy Level |  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Value
|  |  |  |  | (In thousands) |  |
Fixed income securities: |  |  |  |  |  |  |  |  |
U.S. Treasury | 2 |  | $ | 39,324 |  |  | $ | 26 |  |  | $ | (10 | ) |  | $ | 39,340 |
Canadian government | 2 |  | 81,661 |  |  | 327 |  |  | (364 | ) |  | 81,624 |
Corporate | 2 |  | 17,859 |  |  | 326 |  |  | (3 | ) |  | 18,182 |
Residential mortgage-backed | 2 |  | 426 |  |  | 17 |  |  | (1 | ) |  | 442 |
Asset-backed | 2 |  | 318 |  |  | 19 |  |  | (7 | ) |  | 330 |
Equity securities: |  |  |  |  |  |  |  |  |
Preferred stock | 2 |  | 6,716 |  |  | 186 |  |  | (155 | ) |  | 6,747 |
Common stock: |  |  |  |  |  |  |  |  |
United States | 1 |  | 1,059,056 |  |  | 178,940 |  |  | (24,327 | ) |  | 1,213,669 |
Canada | 1 |  | 29,392 |  |  | 11,524 |  |  | (451 | ) |  | 40,465 |
Other international | 1 |  | 58,284 |  |  | 8,454 |  |  | (4,338 | ) |  | 62,400 |
Mutual funds: |  |  |  |  |  |  |  |  |
Equity | 1 |  | 683,976 |  |  | 59,066 |  |  | (15,324 | ) |  | 727,718 |
Fixed income | 1 |  | 957,617 |  |  | 11,705 |  |  | (29,715 | ) |  | 939,607 |
Other | 3 |  | 4,921 |  |  | 3,004 |  |  | (1 | ) |  | 7,924 |
Trust investments, at fair value |  |  | 2,939,550 |  |  | 273,594 |  |  | (74,696 | ) |  | 3,138,448 |
Fixed income commingled funds |  |  | 529,020 |  |  | 12,607 |  |  | (5,507 | ) |  | 536,120 |
Private equity |  |  | 185,549 |  |  | 13,243 |  |  | (15,502 | ) |  | 183,290 |
Trust investments, at net asset value |  |  | 714,569 |  |  | 25,850 |  |  | (21,009 | ) |  | 719,410 |
Trust investments, at market |  |  | $ | 3,654,119 |  |  | $ | 299,444 |  |  | $ | (95,705 | ) |  | $ | 3,857,858 |
| December 31, 2016
| Value Hierarchy Level |  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Value
|  |  |  |  | (In thousands) |  |
Fixed income securities: |  |  |  |  |  |  |  |  |
U.S. Treasury | 2 |  | $ | 145,315 |  |  | $ | 884 |  |  | $ | (838 | ) |  | $ | 145,361 |
Canadian government | 2 |  | 79,141 |  |  | 409 |  |  | (222 | ) |  | 79,328 |
Corporate | 2 |  | 18,934 |  |  | 295 |  |  | (227 | ) |  | 19,002 |
Residential mortgage-backed | 2 |  | 333 |  |  | 1 |  |  | (1 | ) |  | 333 |
Asset-backed | 2 |  | 448 |  |  | 16 |  |  | (31 | ) |  | 433 |
Equity securities: |  |  |  |  |  |  |  |  |
Preferred stock | 2 |  | 2,907 |  |  | 83 |  |  | (156 | ) |  | 2,834 |
Common stock: |  |  |  |  |  |  |  |  |
United States | 1 |  | 1,107,942 |  |  | 151,146 |  |  | (35,542 | ) |  | 1,223,546 |
Canada | 1 |  | 25,708 |  |  | 10,030 |  |  | (455 | ) |  | 35,283 |
Other international | 1 |  | 83,238 |  |  | 4,995 |  |  | (10,632 | ) |  | 77,601 |
Mutual funds: |  |  |  |  |  |  |  |  |
Equity | 1 |  | 688,120 |  |  | 19,962 |  |  | (56,857 | ) |  | 651,225 |
Fixed income | 1 |  | 875,615 |  |  | 6,203 |  |  | (46,219 | ) |  | 835,599 |
Other | 3 |  | 4,712 |  |  | 2,468 |  |  | (17 | ) |  | 7,163 |
Trust investments, at fair value |  |  | 3,032,413 |  |  | 196,492 |  |  | (151,197 | ) |  | 3,077,708 |
Fixed income commingled funds |  |  | 692,434 |  |  | 8,524 |  |  | (12,234 | ) |  | 688,724 |
Private equity |  |  | 175,881 |  |  | 9,812 |  |  | (15,217 | ) |  | 170,476 |
Trust investments, at net asset value |  |  | 868,315 |  |  | 18,336 |  |  | (27,451 | ) |  | 859,200 |
Trust investments, at market |  |  | $ | 3,900,728 |  |  | $ | 214,828 |  |  | $ | (178,648 | ) |  | $ | 3,936,908 |
Investments Classified by Contractual Maturity Date |
| Fair Value
| (In thousands)
Due in one year or less | $ | 84,885 |
Due in one to five years | 50,412 |
Due in five to ten years | 4,211 |
Thereafter | 410 |
| $ | 139,918 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation |
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
| (In thousands) |  | (In thousands)
Fair value, beginning balance | $ | 7,313 |  |  | $ | 7,991 |  |  | $ | 7,163 |  |  | $ | 8,162 |
Net unrealized gains included in Accumulated other comprehensive income(1) | 660 |  |  | 555 |  |  | 810 |  |  | 384 |
Purchases | 28 |  |  | 25 |  |  | 28 |  |  | 25 |
Sales | (77 | ) |  | (18 | ) |  | (77 | ) |  | (18 | )
Fair value, ending balance | $ | 7,924 |  |  | $ | 8,553 |  |  | $ | 7,924 |  |  | $ | 8,553 |
Schedule of Unrealized Loss on Investments |
| June 30, 2017
| 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 | $ | 4,879 |  |  | $ | (10 | ) |  | $ | — |  |  | $ | — |  |  | $ | 4,879 |  |  | $ | (10 | )
Canadian government | 13,702 |  |  | (116 | ) |  | 3,576 |  |  | (248 | ) |  | 17,278 |  |  | (364 | )
Corporate | 3,774 |  |  | (3 | ) |  | — |  |  | — |  |  | 3,774 |  |  | (3 | )
Residential mortgage-backed | 152 |  |  | (1 | ) |  | — |  |  | — |  |  | 152 |  |  | (1 | )
Asset-backed | 76 |  |  | (7 | ) |  | — |  |  | — |  |  | 76 |  |  | (7 | )
Equity securities: |  |  |  |  |  |  |  |  |  |  |
Preferred stock | 1,817 |  |  | (58 | ) |  | 523 |  |  | (97 | ) |  | 2,340 |  |  | (155 | )
Common stock: |  |  |  |  |  |  |  |  |  |  |
United States | 237,944 |  |  | (21,780 | ) |  | 19,785 |  |  | (2,547 | ) |  | 257,729 |  |  | (24,327 | )
Canada | 2,175 |  |  | (359 | ) |  | 924 |  |  | (92 | ) |  | 3,099 |  |  | (451 | )
Other international | 6,198 |  |  | (856 | ) |  | 9,868 |  |  | (3,482 | ) |  | 16,066 |  |  | (4,338 | )
Mutual funds: |  |  |  |  |  |  |  |  |  |  |
Equity | 267,609 |  |  | (8,139 | ) |  | 31,384 |  |  | (7,185 | ) |  | 298,993 |  |  | (15,324 | )
Fixed income | 102,861 |  |  | (1,578 | ) |  | 299,472 |  |  | (28,137 | ) |  | 402,333 |  |  | (29,715 | )
Other | — |  |  | — |  |  | 16 |  |  | (1 | ) |  | 16 |  |  | (1 | )
Trust investments, at fair value | 641,187 |  |  | (32,907 | ) |  | 365,548 |  |  | (41,789 | ) |  | 1,006,735 |  |  | (74,696 | )
Fixed income commingled funds | 248,507 |  |  | (5,114 | ) |  | 17,589 |  |  | (393 | ) |  | 266,096 |  |  | (5,507 | )
Private equity | 4,509 |  |  | (777 | ) |  | 72,022 |  |  | (14,725 | ) |  | 76,531 |  |  | (15,502 | )
Trust investments, at net asset value | 253,016 |  |  | (5,891 | ) |  | 89,611 |  |  | (15,118 | ) |  | 342,627 |  |  | (21,009 | )
Total temporarily impaired securities | $ | 894,203 |  |  | $ | (38,798 | ) |  | $ | 455,159 |  |  | $ | (56,907 | ) |  | $ | 1,349,362 |  |  | $ | (95,705 | )
| December 31, 2016
| 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 | $ | 41,409 |  |  | $ | (838 | ) |  | $ | — |  |  | $ | — |  |  | $ | 41,409 |  |  | $ | (838 | )
Canadian government | 2,913 |  |  | (31 | ) |  | 3,344 |  |  | (191 | ) |  | 6,257 |  |  | (222 | )
Corporate | 2,107 |  |  | (22 | ) |  | 6,162 |  |  | (205 | ) |  | 8,269 |  |  | (227 | )
Residential mortgage-backed | 303 |  |  | (1 | ) |  | — |  |  | — |  |  | 303 |  |  | (1 | )
Asset-backed | 28 |  |  | (22 | ) |  | 156 |  |  | (9 | ) |  | 184 |  |  | (31 | )
Equity securities: |  |  |  |  |  |  |  |  |  |  |
Preferred stock | 971 |  |  | (53 | ) |  | 515 |  |  | (103 | ) |  | 1,486 |  |  | (156 | )
Common stock: |  |  |  |  |  |  |  |  |  |  |
United States | 271,433 |  |  | (23,168 | ) |  | 50,923 |  |  | (12,374 | ) |  | 322,356 |  |  | (35,542 | )
Canada | 3,318 |  |  | (383 | ) |  | 1,078 |  |  | (72 | ) |  | 4,396 |  |  | (455 | )
Other international | 19,274 |  |  | (4,139 | ) |  | 24,525 |  |  | (6,493 | ) |  | 43,799 |  |  | (10,632 | )
Mutual funds: |  |  |  |  |  |  |  |  |  |  |
Equity | 234,714 |  |  | (9,825 | ) |  | 276,504 |  |  | (47,032 | ) |  | 511,218 |  |  | (56,857 | )
Fixed income | 323,917 |  |  | (5,941 | ) |  | 425,614 |  |  | (40,278 | ) |  | 749,531 |  |  | (46,219 | )
Other | 26 |  |  | (2 | ) |  | 1,160 |  |  | (15 | ) |  | 1,186 |  |  | (17 | )
Trust investments, at fair value | 900,413 |  |  | (44,425 | ) |  | 789,981 |  |  | (106,772 | ) |  | 1,690,394 |  |  | (151,197 | )
Fixed income commingled funds | 473,550 |  |  | (11,714 | ) |  | 20,587 |  |  | (520 | ) |  | 494,137 |  |  | (12,234 | )
Private equity | 22,677 |  |  | (750 | ) |  | 73,100 |  |  | (14,467 | ) |  | 95,777 |  |  | (15,217 | )
Trust investments, at net asset value | 496,227 |  |  | (12,464 | ) |  | 93,687 |  |  | (14,987 | ) |  | 589,914 |  |  | (27,451 | )
Total temporarily impaired securities | $ | 1,396,640 |  |  | $ | (56,889 | ) |  | $ | 883,668 |  |  | $ | (121,759 | ) |  | $ | 2,280,308 |  |  | $ | (178,648 | )

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