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Preneed Activities (Tables) | 3 Months Ended
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Mar. 31, 2018
Preneed Activities [Abstract] |
Long-term receivable and investment components |
| March 31, 2018 |  | December 31, 2017
| (In thousands)
Preneed funeral receivables(1) | $ | 33,528 |  |  | $ | 336,925 |
Preneed cemetery receivables(1) | 824,719 |  |  | 1,118,146 |
Preneed receivables from customers(1) | 858,247 |  |  | 1,455,071 |
Unearned finance charge | (45,541 | ) |  | (45,515 | )
Allowance for cancellation (1) | (46,136 | ) |  | (107,749 | )
Preneed receivables, net | $ | 766,570 |  |  | $ | 1,301,807 |
Trust investments, at market | $ | 4,666,645 |  |  | $ | 4,749,548 |
Assets associated with businesses held for sale | (144 | ) |  | (5,660 | )
Insurance-backed fixed income securities and other | 263,563 |  |  | 265,314 |
Trust investments | 4,930,064 |  |  | 5,009,202 |
Less: Cemetery perpetual care trust investments | (1,497,220 | ) |  | (1,532,167 | )
Preneed trust investments | $ | 3,432,844 |  |  | $ | 3,477,035 |
Preneed receivables, net and trust investments | $ | 4,199,414 |  |  | $ | 4,778,842 |
Investment related activities |
|  | Three Months Ended
|  | March 31,
|  | 2018 |  | 2017
|  | (In thousands)
Deposits |  | $ | 93,269 |  |  | $ | 84,487 |
Withdrawals |  | $ | 106,769 |  |  | $ | 93,082 |
Purchases of securities |  | $ | 599,651 |  |  | $ | 517,031 |
Sales of securities |  | $ | 614,424 |  |  | $ | 487,925 |
Realized gains (1) |  | $ | 58,306 |  |  | $ | 52,433 |
Realized losses (1) |  | $ | (12,296 | ) |  | $ | (21,774 | )
Schedule of Available-for-sale Securities Reconciliation |
| March 31, 2018
| Value Hierarchy Level |  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Value
|  |  |  |  | (In thousands) |  |
Fixed income securities: |  |  |  |  |  |  |  |  |
U.S. Treasury | 2 |  | $ | 47,338 |  |  | $ | 12 |  |  | $ | (429 | ) |  | $ | 46,921 |
Canadian government | 2 |  | 60,522 |  |  | 78 |  |  | (1,379 | ) |  | 59,221 |
Corporate | 2 |  | 12,402 |  |  | 269 |  |  | (260 | ) |  | 12,411 |
Residential mortgage-backed | 2 |  | 3,312 |  |  | 16 |  |  | (61 | ) |  | 3,267 |
Asset-backed | 2 |  | 305 |  |  | 11 |  |  | (11 | ) |  | 305 |
Equity securities: |  |  |  |  |  |  |  |  |
Preferred stock | 2 |  | 7,120 |  |  | 363 |  |  | (172 | ) |  | 7,311 |
Common stock: |  |  |  |  |  |  |  |  |
United States | 1 |  | 1,208,816 |  |  | 241,804 |  |  | (46,846 | ) |  | 1,403,774 |
Canada | 1 |  | 30,150 |  |  | 9,751 |  |  | (1,503 | ) |  | 38,398 |
Other international | 1 |  | 63,594 |  |  | 12,741 |  |  | (3,280 | ) |  | 73,055 |
Mutual funds: |  |  |  |  |  |  |  |  |
Equity | 1 |  | 696,520 |  |  | 53,631 |  |  | (9,364 | ) |  | 740,787 |
Fixed income | 1 |  | 1,139,940 |  |  | 4,227 |  |  | (32,959 | ) |  | 1,111,208 |
Other | 3 |  | 5,441 |  |  | 3,107 |  |  | (15 | ) |  | 8,533 |
Trust investments, at fair value |  |  | 3,275,460 |  |  | 326,010 |  |  | (96,279 | ) |  | 3,505,191 |
Commingled funds |  |  |  |  |  |  |  |  |
Fixed income |  |  | 417,729 |  |  | 41 |  |  | (12,473 | ) |  | 405,297 |
Equity |  |  | 223,207 |  |  | 10,312 |  |  | (647 | ) |  | 232,872 |
Money market funds |  |  | 294,039 |  |  | — |  |  | — |  |  | 294,039 |
Private equity |  |  | 172,522 |  |  | 59,112 |  |  | (2,388 | ) |  | 229,246 |
Trust investments, at net asset value |  |  | 1,107,497 |  |  | 69,465 |  |  | (15,508 | ) |  | 1,161,454 |
Trust investments, at market |  |  | $ | 4,382,957 |  |  | $ | 395,475 |  |  | $ | (111,787 | ) |  | $ | 4,666,645 |
| December 31, 2017
| Value Hierarchy Level |  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Value
|  |  |  |  | (In thousands) |  |
Fixed income securities: |  |  |  |  |  |  |  |  |
U.S. Treasury | 2 |  | $ | 48,805 |  |  | $ | 14 |  |  | $ | (117 | ) |  | $ | 48,702 |
Canadian government | 2 |  | 81,500 |  |  | 160 |  |  | (1,089 | ) |  | 80,571 |
Corporate | 2 |  | 13,540 |  |  | 327 |  |  | (170 | ) |  | 13,697 |
Residential mortgage-backed | 2 |  | 3,279 |  |  | 16 |  |  | (14 | ) |  | 3,281 |
Asset-backed | 2 |  | 320 |  |  | 15 |  |  | (10 | ) |  | 325 |
Equity securities: |  |  |  |  |  |  |  |  |
Preferred stock | 2 |  | 7,834 |  |  | 385 |  |  | (139 | ) |  | 8,080 |
Common stock: |  |  |  |  |  |  |  |  |
United States | 1 |  | 1,161,015 |  |  | 266,822 |  |  | (24,739 | ) |  | 1,403,098 |
Canada | 1 |  | 30,762 |  |  | 12,545 |  |  | (522 | ) |  | 42,785 |
Other international | 1 |  | 63,510 |  |  | 13,174 |  |  | (2,834 | ) |  | 73,850 |
Mutual funds: |  |  |  |  |  |  |  |  |
Equity | 1 |  | 613,934 |  |  | 59,100 |  |  | (4,312 | ) |  | 668,722 |
Fixed income | 1 |  | 1,230,196 |  |  | 11,897 |  |  | (23,943 | ) |  | 1,218,150 |
Other | 3 |  | 5,953 |  |  | 3,114 |  |  | — |  |  | 9,067 |
Trust investments, at fair value |  |  | 3,260,648 |  |  | 367,569 |  |  | (57,889 | ) |  | 3,570,328 |
Commingled funds |  |  |  |  |  |  |  |  |
Fixed income |  |  | 454,242 |  |  | 235 |  |  | (5,860 | ) |  | 448,617 |
Equity |  |  | 214,000 |  |  | 12,826 |  |  | — |  |  | 226,826 |
Money market funds |  |  | 287,435 |  |  | — |  |  | — |  |  | 287,435 |
Private equity |  |  | 166,860 |  |  | 51,631 |  |  | (2,149 | ) |  | 216,342 |
Trust investments, at net asset value |  |  | 1,122,537 |  |  | 64,692 |  |  | (8,009 | ) |  | 1,179,220 |
Trust investments, at market |  |  | $ | 4,383,185 |  |  | $ | 432,261 |  |  | $ | (65,898 | ) |  | $ | 4,749,548 |
Investments Classified by Contractual Maturity Date |
| Fair Value
| (In thousands)
Due in one year or less | $ | 54,629 |
Due in one to five years | 57,445 |
Due in five to ten years | 9,680 |
Thereafter | 371 |
| $ | 122,125 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation |
|  | Three Months Ended
|  | March 31,
|  | 2018 |  | 2017
|  | (In thousands)
Fair value, beginning balance |  | $ | 9,067 |  |  | $ | 8,667 |
Net unrealized (loss) gain included in Other income (expense), net(1) |  | (534 | ) |  | 16 |
Distributions and other |  | — |  |  | (73 | )
Fair value, ending balance |  | $ | 8,533 |  |  | $ | 8,610 |
Schedule of Unrealized Loss on Investments |
| March 31, 2018
| 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 | $ | 27,045 |  |  | $ | (402 | ) |  | $ | 2,045 |  |  | $ | (27 | ) |  | $ | 29,090 |  |  | $ | (429 | )
Canadian government | 16,545 |  |  | (684 | ) |  | 9,999 |  |  | (695 | ) |  | 26,544 |  |  | (1,379 | )
Corporate | 4,728 |  |  | (80 | ) |  | 4,165 |  |  | (180 | ) |  | 8,893 |  |  | (260 | )
Residential mortgage-backed | 2,868 |  |  | (59 | ) |  | 150 |  |  | (2 | ) |  | 3,018 |  |  | (61 | )
Asset-backed | 5 |  |  | (1 | ) |  | 93 |  |  | (10 | ) |  | 98 |  |  | (11 | )
Total temporarily fixed income impaired securities | $ | 51,191 |  |  | $ | (1,226 | ) |  | $ | 16,452 |  |  | $ | (914 | ) |  | $ | 67,643 |  |  | $ | (2,140 | )
| December 31, 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 | $ | 29,014 |  |  | $ | (115 | ) |  | $ | 106 |  |  | $ | (2 | ) |  | $ | 29,120 |  |  | $ | (117 | )
Canadian government | 20,947 |  |  | (639 | ) |  | 6,370 |  |  | (450 | ) |  | 27,317 |  |  | (1,089 | )
Corporate | 2,423 |  |  | (31 | ) |  | 4,453 |  |  | (139 | ) |  | 6,876 |  |  | (170 | )
Residential mortgage-backed | 2,880 |  |  | (12 | ) |  | 151 |  |  | (2 | ) |  | 3,031 |  |  | (14 | )
Asset-backed | — |  |  | — |  |  | 74 |  |  | (10 | ) |  | 74 |  |  | (10 | )
Total temporarily impaired fixed income securities | $ | 55,264 |  |  | $ | (797 | ) |  | $ | 11,154 |  |  | $ | (603 | ) |  | $ | 66,418 |  |  | $ | (1,400 | )

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