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Cemetery Perpetual Care Trust Investments (Tables)
12 Months Ended
Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]  
Components of Care Trusts' Corpus
The components of Care trusts’ corpus as of December 31, 2012 and December 31, 2013 were as follows (in thousands): 
 
December 31, 2012
 
December 31, 2013
Trust assets, at market value
$
46,542

 
$
42,342

Obligations due from trust
(622
)
 
(449
)
Care trusts’ corpus
$
45,920

 
$
41,893

Cost and fair market values associated with the trust investments held in perpetual care trust funds
The following table reflects the cost and fair market values associated with the trust investments held in perpetual care trust funds at December 31, 2013 (in thousands):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market Value
Cash and money market accounts
1
 
$
973

 
$

 
$

 
$
973

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
2,062

 
87

 
(2
)
 
2,147

Corporate debt
2
 
19,773

 
236

 
(691
)
 
19,318

Preferred stock
2
 
10,668

 
110

 
(165
)
 
10,613

Common stock
1
 
7,539

 
1,417

 
(178
)
 
8,778

Trust securities
 
 
$
41,015

 
$
1,850

 
$
(1,036
)
 
$
41,829

Accrued investment income
 
 
$
513

 
 
 
 
 
$
513

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
42,342

Market value as a percentage of cost
 
 
 
 
 
 
 
 
102.0
%
The cost and market values associated with the trust investments held in perpetual care trust funds at December 31, 2012 are detailed below (in thousands): 
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market Value
Cash and money market accounts
1
 
$
545

 
$

 
$

 
$
545

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
1,267

 
284

 

 
1,551

Corporate debt
2
 
24,324

 
556

 
(323
)
 
24,557

Preferred stock
2
 
14,225

 
525

 
(187
)
 
14,563

Mortgage backed securities
2
 
1

 

 

 
1

Common stock
1
 
5,563

 
22

 
(969
)
 
4,616

Trust securities
 
 
$
45,925

 
$
1,387

 
$
(1,479
)
 
$
45,833

Accrued investment income
 
 
$
709

 
 
 
 
 
$
709

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
46,542

Market value as a percentage of cost
 
 
 
 
 
 
 
 
99.8
%
Estimated maturities of fixed perpetual care trust income securities
The estimated maturities of the fixed income securities included above are as follows (in thousands):
Due in one year or less
$

Due in one to five years
5,118

Due in five to ten years
6,984

Thereafter
19,976

Total fixed income securities
$
32,078

Perpetual care trust investment security transactions recorded in interest income and other, net
Perpetual care trust investment security transactions recorded in Interest expense, net of other income in the Consolidated Statements of Operations for the years ended December 31, 2011, 2012 and 2013 were as follows (in thousands):
 
Year ended December 31,
 
2011
 
2012
 
2013
Undistributable realized gains
$
7,111

 
$
5,664

 
$
2,172

Undistributable realized losses
(2,347
)
 
(1,707
)
 
(542
)
Decrease in Care trusts’ corpus
(4,764
)
 
(3,957
)
 
(1,630
)
Total
$

 
$

 
$

Perpetual care trust investment security transactions recorded in cemetery revenue
Perpetual care trust investment security transactions recorded in Cemetery revenue for the years ended December 31, 2011, 2012 and 2013 were as follows (in thousands):
 
Year ended December 31,
 
2011
 
2012
 
2013
Investment income
$
2,563

 
$
5,612

 
$
4,063

Realized gains, net
1,085

 
1,200

 
1,511

Total
$
3,648

 
$
6,812

 
$
5,574

Purchases and sales of investments in perpetual care trusts
Purchases and sales of investments in the perpetual care trusts were as follows (in thousands):
 
Year ended December 31,
 
2011
 
2012
 
2013
Purchases
$
(40,030
)
 
$
(82,793
)
 
$
(27,719
)
Sales
53,823

 
83,060

 
28,261

Perpetual Care Trust Invesments
 
Schedule of Available-for-sale Securities [Line Items]  
Schedule of unrealized loss position, fair value
Our perpetual care trust investment unrealized losses, their associated fair market values, and the duration of unrealized losses for the years ended December 31, 2013 and 2012, are shown in the following tables (in thousands):
 
December 31, 2013
 
In Loss Position Less than 12 months
 
In Loss Position Greater than 12 months
 
Total
 
Fair market value
 
Unrealized Losses
 
Fair market value
 
Unrealized Losses
 
Fair market value
 
Unrealized Losses
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
Foreign debt
478

 
(2
)
 

 

 
478

 
(2
)
Corporate debt
6,948

 
(332
)
 
462

 
(359
)
 
7,410

 
(691
)
Preferred stock
5,811

 
(165
)
 

 

 
5,811

 
(165
)
Common stock
716

 
(114
)
 
470

 
(64
)
 
1,186

 
(178
)
Total temporary impaired securities
$
13,953

 
$
(613
)
 
$
932

 
$
(423
)
 
$
14,885

 
$
(1,036
)
 
December 31, 2012
 
In Loss Position Less than 12 months
 
In Loss Position Greater than 12 months
 
Total
 
Fair market value
 
Unrealized Losses
 
Fair market value
 
Unrealized Losses
 
Fair market value
 
Unrealized Losses
Fixed income securities:
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
7,236

 
(207
)
 
396

 
(116
)
 
7,632

 
(323
)
Preferred stock
664

 
(34
)
 
1,459

 
(153
)
 
2,123

 
(187
)
Common stock
3,231

 
(593
)
 
608

 
(376
)
 
3,839

 
(969
)
Total temporary impaired securities
$
11,131

 
$
(834
)
 
$
2,463

 
$
(645
)
 
$
13,594

 
$
(1,479
)