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Preneed Activities (Tables) | 9 Months Ended
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Sep. 30, 2018
Preneed Activities [Abstract] |
Long-term receivable and investment components |
| September 30, 2018 |  | December 31, 2017
| (In thousands)
Preneed funeral receivables(1) | $ | 117,730 |  |  | $ | 336,925 |
Preneed cemetery receivables(1) | 856,637 |  |  | 1,118,146 |
Preneed receivables from customers(1) | 974,367 |  |  | 1,455,071 |
Unearned finance charge | (46,273 | ) |  | (45,515 | )
Allowance for cancellation (1) | (48,667 | ) |  | (107,749 | )
Preneed receivables, net | $ | 879,427 |  |  | $ | 1,301,807 |
Trust investments, at market | $ | 5,023,407 |  |  | $ | 4,749,548 |
Insurance-backed fixed income securities and other | 262,178 |  |  | 259,654 |
Trust investments | 5,285,585 |  |  | 5,009,202 |
Less: Cemetery perpetual care trust investments | (1,596,542 | ) |  | (1,532,167 | )
Preneed trust investments | $ | 3,689,043 |  |  | $ | 3,477,035 |
Preneed receivables, net and trust investments | $ | 4,568,470 |  |  | $ | 4,778,842 |
Investment related activities |
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (In thousands)
Deposits | $ | 96,539 |  |  | $ | 86,028 |  |  | $ | 296,651 |  |  | $ | 277,286 |
Withdrawals | $ | 97,525 |  |  | $ | 99,872 |  |  | $ | 318,818 |  |  | $ | 297,595 |
Purchases of securities | $ | 265,125 |  |  | $ | 886,732 |  |  | $ | 1,273,683 |  |  | $ | 1,792,190 |
Sales of securities | $ | 295,983 |  |  | $ | 509,675 |  |  | $ | 1,331,981 |  |  | $ | 1,742,860 |
Realized gains (1) | $ | 70,095 |  |  | $ | 79,971 |  |  | $ | 216,241 |  |  | $ | 185,897 |
Realized losses (1) | $ | (20,358 | ) |  | $ | (17,707 | ) |  | $ | (50,210 | ) |  | $ | (62,657 | )
Schedule of Available-for-sale Securities Reconciliation |
| September 30, 2018
| Value Hierarchy Level |  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Value
|  |  |  |  | (In thousands) |  |
Fixed income securities: |  |  |  |  |  |  |  |  |
U.S. Treasury | 2 |  | $ | 49,924 |  |  | $ | 14 |  |  | $ | (621 | ) |  | $ | 49,317 |
Canadian government | 2 |  | 59,507 |  |  | 36 |  |  | (1,738 | ) |  | 57,805 |
Corporate | 2 |  | 24,962 |  |  | 67 |  |  | (336 | ) |  | 24,693 |
Residential mortgage-backed | 2 |  | 3,809 |  |  | 10 |  |  | (91 | ) |  | 3,728 |
Asset-backed | 2 |  | 142 |  |  | 2 |  |  | (10 | ) |  | 134 |
Equity securities: |  |  |  |  |  |  |  |  |
Preferred stock | 2 |  | 10,080 |  |  | 891 |  |  | (186 | ) |  | 10,785 |
Common stock: |  |  |  |  |  |  |  |  |
United States | 1 |  | 1,208,054 |  |  | 295,891 |  |  | (42,913 | ) |  | 1,461,032 |
Canada | 1 |  | 36,162 |  |  | 11,804 |  |  | (1,425 | ) |  | 46,541 |
Other international | 1 |  | 75,039 |  |  | 10,707 |  |  | (4,613 | ) |  | 81,133 |
Mutual funds: |  |  |  |  |  |  |  |  |
Equity | 1 |  | 728,307 |  |  | 45,012 |  |  | (12,089 | ) |  | 761,230 |
Fixed income | 1 |  | 1,231,818 |  |  | 3,492 |  |  | (46,257 | ) |  | 1,189,053 |
Other | 3 |  | 14,726 |  |  | 4,228 |  |  | — |  |  | 18,954 |
Trust investments, at fair value |  |  | 3,442,530 |  |  | 372,154 |  |  | (110,279 | ) |  | 3,704,405 |
Commingled funds |  |  |  |  |  |  |  |  |
Fixed income |  |  | 427,226 |  |  | 2,462 |  |  | (17,359 | ) |  | 412,329 |
Equity |  |  | 206,040 |  |  | 40,558 |  |  | (2 | ) |  | 246,596 |
Money market funds |  |  | 380,743 |  |  | — |  |  | — |  |  | 380,743 |
Private equity |  |  | 212,462 |  |  | 68,388 |  |  | (1,516 | ) |  | 279,334 |
Trust investments, at net asset value |  |  | 1,226,471 |  |  | 111,408 |  |  | (18,877 | ) |  | 1,319,002 |
Trust investments, at market |  |  | $ | 4,669,001 |  |  | $ | 483,562 |  |  | $ | (129,156 | ) |  | $ | 5,023,407 |
| 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 | $ | 64,152 |
Due in one to five years | 59,940 |
Due in five to ten years | 10,290 |
Thereafter | 1,295 |
| $ | 135,677 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation |
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (In thousands)
Fair value, beginning balance | $ | 20,194 |  |  | $ | 7,924 |  |  | $ | 9,067 |  |  | $ | 7,163 |
Net unrealized gains (losses) included in Other income (expense), net(1) | 1,020 |  |  | (116 | ) |  | 750 |  |  | 694 |
Purchases | 36 |  |  | 1,881 |  |  | 43 |  |  | 1,909 |
Sales | (9 | ) |  | (854 | ) |  | (9 | ) |  | (931 | )
Acquisitions | (2,287 | ) |  | — |  |  | 9,103 |  |  | — |
Fair value, ending balance | $ | 18,954 |  |  | $ | 8,835 |  |  | $ | 18,954 |  |  | $ | 8,835 |
Schedule of Unrealized Loss on Investments |
| September 30, 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 | $ | 25,192 |  |  | $ | (576 | ) |  | $ | 3,119 |  |  | $ | (45 | ) |  | $ | 28,311 |  |  | $ | (621 | )
Canadian government | — |  |  | — |  |  | 26,469 |  |  | (1,738 | ) |  | 26,469 |  |  | (1,738 | )
Corporate | 9,332 |  |  | (65 | ) |  | 6,089 |  |  | (271 | ) |  | 15,421 |  |  | (336 | )
Residential mortgage-backed | 3,378 |  |  | (89 | ) |  | 100 |  |  | (2 | ) |  | 3,478 |  |  | (91 | )
Asset-backed | — |  |  | — |  |  | 99 |  |  | (10 | ) |  | 99 |  |  | (10 | )
Total temporarily fixed income impaired securities | $ | 37,902 |  |  | $ | (730 | ) |  | $ | 35,876 |  |  | $ | (2,066 | ) |  | $ | 73,778 |  |  | $ | (2,796 | )
| 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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- 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
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