XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Preneed Activities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Preneed Activities [Abstract] |
Long-term receivable and investment components |
| September 30, 2017 |  | December 31, 2016
| (In thousands)
Preneed funeral receivables | $ | 331,917 |  |  | $ | 312,556 |
Preneed cemetery receivables | 1,099,795 |  |  | 1,038,592 |
Preneed receivables from customers | 1,431,712 |  |  | 1,351,148 |
Unearned finance charge | (45,751 | ) |  | (45,989 | )
Allowance for cancellation | (108,635 | ) |  | (104,740 | )
Preneed receivables, net | $ | 1,277,326 |  |  | $ | 1,200,419 |
Trust investments, at market | $ | 4,343,081 |  |  | $ | 3,936,908 |
Cash held in trust | 282,594 |  |  | 304,055 |
Assets associated with businesses held for sale | (2,680 | ) |  | — |
Insurance-backed fixed income securities and other | 267,465 |  |  | 271,248 |
Trust investments | 4,890,460 |  |  | 4,512,211 |
Less: Cemetery perpetual care trust investments | (1,490,201 | ) |  | (1,407,465 | )
Preneed trust investments | $ | 3,400,259 |  |  | $ | 3,104,746 |
Preneed receivables, net and trust investments | $ | 4,677,585 |  |  | $ | 4,305,165 |
Investment related activities |
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
| (In thousands) |  | (In thousands)
Deposits | $ | 86,028 |  |  | $ | 82,286 |  |  | $ | 277,286 |  |  | $ | 243,957 |
Withdrawals | $ | 99,872 |  |  | $ | 90,156 |  |  | $ | 297,595 |  |  | $ | 260,199 |
Purchases of available-for-sale securities | $ | 886,732 |  |  | $ | 500,577 |  |  | $ | 1,792,190 |  |  | $ | 1,142,873 |
Sales of available-for-sale securities | $ | 509,675 |  |  | $ | 490,945 |  |  | $ | 1,742,860 |  |  | $ | 1,092,912 |
Schedule of Available-for-sale Securities Reconciliation |
| September 30, 2017
| Value Hierarchy Level |  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Value
|  |  |  |  | (In thousands) |  |
Fixed income securities: |  |  |  |  |  |  |  |  |
U.S. Treasury | 2 |  | $ | 24,704 |  |  | $ | 25 |  |  | $ | (12 | ) |  | $ | 24,717 |
Canadian government | 2 |  | 84,387 |  |  | 182 |  |  | (904 | ) |  | 83,665 |
Corporate | 2 |  | 16,720 |  |  | 374 |  |  | (139 | ) |  | 16,955 |
Residential mortgage-backed | 2 |  | 427 |  |  | 16 |  |  | (1 | ) |  | 442 |
Asset-backed | 2 |  | 317 |  |  | 18 |  |  | (7 | ) |  | 328 |
Equity securities: |  |  |  |  |  |  |  |  |
Preferred stock | 2 |  | 8,127 |  |  | 166 |  |  | (159 | ) |  | 8,134 |
Common stock: |  |  |  |  |  |  |  |  |
United States | 1 |  | 1,184,510 |  |  | 213,024 |  |  | (22,703 | ) |  | 1,374,831 |
Canada | 1 |  | 33,167 |  |  | 11,612 |  |  | (942 | ) |  | 43,837 |
Other international | 1 |  | 57,114 |  |  | 13,546 |  |  | (1,137 | ) |  | 69,523 |
Mutual funds: |  |  |  |  |  |  |  |  |
Equity | 1 |  | 607,088 |  |  | 56,277 |  |  | (6,304 | ) |  | 657,061 |
Fixed income | 1 |  | 1,218,188 |  |  | 17,273 |  |  | (23,794 | ) |  | 1,211,667 |
Other | 3 |  | 6,369 |  |  | 2,513 |  |  | (47 | ) |  | 8,835 |
Trust investments, at fair value |  |  | 3,241,118 |  |  | 315,026 |  |  | (56,149 | ) |  | 3,499,995 |
Fixed income commingled funds |  |  | 653,105 |  |  | 1,103 |  |  | (6,095 | ) |  | 648,113 |
Private equity |  |  | 191,815 |  |  | 16,009 |  |  | (12,851 | ) |  | 194,973 |
Trust investments, at net asset value |  |  | 844,920 |  |  | 17,112 |  |  | (18,946 | ) |  | 843,086 |
Trust investments, at market |  |  | $ | 4,086,038 |  |  | $ | 332,138 |  |  | $ | (75,095 | ) |  | $ | 4,343,081 |
| 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 | $ | 73,050 |
Due in one to five years | 50,496 |
Due in five to ten years | 2,175 |
Thereafter | 386 |
| $ | 126,107 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation |
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
| (In thousands) |  | (In thousands)
Fair value, beginning balance | $ | 7,924 |  |  | $ | 8,553 |  |  | $ | 7,163 |  |  | $ | 8,177 |
Net unrealized (loss) gain included in Accumulated other comprehensive income(1) | (116 | ) |  | 117 |  |  | 694 |  |  | 486 |
Purchases | 1,881 |  |  | 36 |  |  | 1,909 |  |  | 61 |
Sales | (854 | ) |  | (1,309 | ) |  | (931 | ) |  | (1,327 | )
Fair value, ending balance | $ | 8,835 |  |  | $ | 7,397 |  |  | $ | 8,835 |  |  | $ | 7,397 |
Schedule of Unrealized Loss on Investments |
| September 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 | $ | 5,372 |  |  | $ | (12 | ) |  | $ | — |  |  | $ | — |  |  | $ | 5,372 |  |  | $ | (12 | )
Canadian government | 24,819 |  |  | (596 | ) |  | 3,536 |  |  | (308 | ) |  | 28,355 |  |  | (904 | )
Corporate | 3,695 |  |  | (49 | ) |  | 3,676 |  |  | (90 | ) |  | 7,371 |  |  | (139 | )
Residential mortgage-backed | 202 |  |  | (1 | ) |  | — |  |  | — |  |  | 202 |  |  | (1 | )
Asset-backed | — |  |  | — |  |  | 23 |  |  | (7 | ) |  | 23 |  |  | (7 | )
Equity securities: |  |  |  |  |  |  |  |  |  |  |
Preferred stock | 2,936 |  |  | (123 | ) |  | 259 |  |  | (36 | ) |  | 3,195 |  |  | (159 | )
Common stock: |  |  |  |  |  |  |  |  |  |  |
United States | 232,604 |  |  | (22,023 | ) |  | 23,507 |  |  | (680 | ) |  | 256,111 |  |  | (22,703 | )
Canada | 4,345 |  |  | (510 | ) |  | 3,022 |  |  | (432 | ) |  | 7,367 |  |  | (942 | )
Other international | 7,911 |  |  | (494 | ) |  | 5,700 |  |  | (643 | ) |  | 13,611 |  |  | (1,137 | )
Mutual funds: |  |  |  |  |  |  |  |  |  |  |
Equity | 25,057 |  |  | (2,402 | ) |  | 17,439 |  |  | (3,902 | ) |  | 42,496 |  |  | (6,304 | )
Fixed income | 79,805 |  |  | (827 | ) |  | 292,789 |  |  | (22,967 | ) |  | 372,594 |  |  | (23,794 | )
Other | 190 |  |  | (2 | ) |  | 1,279 |  |  | (45 | ) |  | 1,469 |  |  | (47 | )
Trust investments, at fair value | 386,936 |  |  | (27,039 | ) |  | 351,230 |  |  | (29,110 | ) |  | 738,166 |  |  | (56,149 | )
Fixed income commingled funds | 347,260 |  |  | (1,496 | ) |  | 176,493 |  |  | (4,599 | ) |  | 523,753 |  |  | (6,095 | )
Private equity | 4,067 |  |  | (599 | ) |  | 71,881 |  |  | (12,252 | ) |  | 75,948 |  |  | (12,851 | )
Trust investments, at net asset value | 351,327 |  |  | (2,095 | ) |  | 248,374 |  |  | (16,851 | ) |  | 599,701 |  |  | (18,946 | )
Total temporarily impaired securities | $ | 738,263 |  |  | $ | (29,134 | ) |  | $ | 599,604 |  |  | $ | (45,961 | ) |  | $ | 1,337,867 |  |  | $ | (75,095 | )
| 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 | )

X
- Definition This table sets forth information regarding deposits,withdrawals, purchases and sales of securities, and realized gains and losses from those sales. + References No definition available. + Details
Name: | sci_InvestmentRelatedActivitiesTableTextBlock
Namespace Prefix: | sci_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of long-term receivables and investments, including trust investments, at market; cash and cash equivalents held by the trust; insurance policies held by the trust; and gross carrying value of long-term receivables from customers and unearned finance charges and cancellation allowance related to those receivables. + References No definition available. + Details
Name: | sci_LongTermReceivableAndInvestmentComponentsTableTextBlock
Namespace Prefix: | sci_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Preneed Activities. + References No definition available. + Details
Name: | sci_PreneedActivitiesAbstract
Namespace Prefix: | sci_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration