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Cemetery Perpetual Care Trust Investments (Tables) | 12 Months Ended
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Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items] |
Components of Care Trusts' Corpus | The components of Care trusts’ corpus as of December 31, 2015 and 2016 were as follows (in thousands):
| December 31, 2015 |  |  | December 31, 2016 |
Trust assets, at market value | $ | 43,127 |  |  | $ | 46,889 |
Obligations due from trust | (711 | ) |  | (599 | )
Care trusts’ corpus | $ | 42,416 |  |  | $ | 46,290 |
Cost and fair market values associated with the trust investments held in perpetual care trust funds | The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at December 31, 2015 (in thousands):
| Fair Value Hierarchy Level |  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Market Value
Cash and money market accounts | 1 |  | $ | 5,472 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,472 |
Fixed income securities: |  |  |  |  |  |  |  |  |
Municipal bonds | 2 |  | 325 |  |  | — |  |  | (45 | ) |  | 280 |
Foreign debt | 2 |  | 3,232 |  |  | — |  |  | (480 | ) |  | 2,752 |
Corporate debt | 2 |  | 16,216 |  |  | 57 |  |  | (3,094 | ) |  | 13,179 |
Preferred stock | 2 |  | 11,263 |  |  | 20 |  |  | (611 | ) |  | 10,672 |
Common stock | 1 |  | 11,945 |  |  | 393 |  |  | (1,939 | ) |  | 10,399 |
Trust securities |  |  | $ | 48,453 |  |  | $ | 470 |  |  | $ | (6,169 | ) |  | $ | 42,754 |
Accrued investment income |  |  | $ | 373 |  |  |  |  |  |  | $ | 373 |
Cemetery perpetual care investments |  |  |  |  |  |  |  |  | $ | 43,127 |
Market value as a percentage of cost |  |  |  |  |  |  |  |  | 88.2 | %
The following table reflects the cost and fair market values associated with the trust investments held in perpetual care trust funds at December 31, 2016 (in thousands):
| Fair Value Hierarchy Level |  | Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Market Value
Cash and money market accounts | 1 |  | $ | 6,522 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,522 |
Fixed income securities: |  |  |  |  |  |  |  |  |
Municipal bonds | 2 |  | 365 |  |  | 13 |  |  | (3 | ) |  | 375 |
Foreign debt | 2 |  | 5,100 |  |  | 99 |  |  | (435 | ) |  | 4,764 |
Corporate debt | 2 |  | 13,715 |  |  | 966 |  |  | (821 | ) |  | 13,860 |
Preferred stock | 2 |  | 11,323 |  |  | 5 |  |  | (664 | ) |  | 10,664 |
Mortgage-backed securities | 2 |  | 569 |  |  | 223 |  |  | (3 | ) |  | 789 |
Common stock | 1 |  | 8,259 |  |  | 1,382 |  |  | (1,146 | ) |  | 8,495 |
Mutual funds: |  |  |  |  |  |  |  |  |
Fixed income | 2 |  | 855 |  |  | 76 |  |  | — |  |  | 931 |
Trust securities |  |  | $ | 46,708 |  |  | $ | 2,764 |  |  | $ | (3,072 | ) |  | $ | 46,400 |
Accrued investment income |  |  | $ | 489 |  |  |  |  |  |  | $ | 489 |
Cemetery perpetual care investments |  |  |  |  |  |  |  |  | $ | 46,889 |
Market value as a percentage of cost |  |  |  |  |  |  |  |  | 99.3 | %
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 | $ | 119 |
Due in one to five years | 4,073 |
Due in five to ten years | 4,083 |
Thereafter | 22,177 |
Total fixed income securities | $ | 30,452 |
Perpetual care trust investment security transactions recorded in interest income and other, net | Perpetual care trust investment security transactions recorded in Interest expense on our Consolidated Statements of Operations for the years ended December 31, 2014, 2015 and 2016 were as follows (in thousands):
| Year ended December 31,
| 2014 |  | 2015 |  | 2016
Realized gains | $ | 3,468 |  |  | $ | 1,773 |  |  | $ | 872 |
Realized losses | (1,748 | ) |  | (2,431 | ) |  | (3,069 | )
Decrease (increase) in Care trusts’ corpus | (1,720 | ) |  | 658 |  |  | 2,197 |
Total | $ | — |  |  | $ | — |  |  | $ | — |
Perpetual care trust investment security transactions recorded in cemetery revenue | Perpetual care trust investment security transactions recorded in Revenues: Cemetery for the years ended December 31, 2014, 2015 and 2016 were as follows (in thousands):
| Year ended December 31,
| 2014 |  | 2015 |  | 2016
Investment income | $ | 4,713 |  |  | $ | 5,315 |  |  | $ | 6,451 |
Realized gains (losses), net | 1,112 |  |  | 436 |  |  | (434 | )
Total | $ | 5,825 |  |  | $ | 5,751 |  |  | $ | 6,017 |
Purchases and sales of investments in perpetual care trusts | Purchases and sales of investments in the perpetual care trusts for the years ended December 31, 2014, 2015 and 2016 were as follows (in thousands):
| Year ended December 31,
| 2014 |  | 2015 |  | 2016
Purchases | $ | (38,413 | ) |  | $ | (16,694 | ) |  | $ | (16,546 | )
Sales | 35,402 |  |  | 14,710 |  |  | 16,534 |
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 as of December 31, 2016 are shown in the following tables (in thousands):
| December 31, 2016
| 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: |  |  |  |  |  |  |  |  |  |  |
Municipal bonds | $ | 137 |  |  | $ | (3 | ) |  | $ | — |  |  | $ | — |  |  | $ | 137 |  |  | $ | (3 | )
Foreign debt | 1,619 |  |  | (120 | ) |  | 1,961 |  |  | (315 | ) |  | 3,580 |  |  | (435 | )
Corporate debt | 4,679 |  |  | (152 | ) |  | 1,439 |  |  | (669 | ) |  | 6,118 |  |  | (821 | )
Preferred stock | 2,038 |  |  | (77 | ) |  | 8,329 |  |  | (587 | ) |  | 10,367 |  |  | (664 | )
Mortgage-backed securities | 31 |  |  | (3 | ) |  | — |  |  | — |  |  | 31 |  |  | (3 | )
Common stock | 1,563 |  |  | (121 | ) |  | 2,004 |  |  | (1,025 | ) |  | 3,567 |  |  | (1,146 | )
Total temporary impaired securities | $ | 10,067 |  |  | $ | (476 | ) |  | $ | 13,733 |  |  | $ | (2,596 | ) |  | $ | 23,800 |  |  | $ | (3,072 | )
Our perpetual care trust investment unrealized losses, their associated fair market values, and the duration of unrealized losses as of December 31, 2015 are shown in the following tables (in thousands):
| December 31, 2015
| 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: |  |  |  |  |  |  |  |  |  |  |
Municipal bonds | $ | 280 |  |  | $ | (45 | ) |  | $ | — |  |  | $ | — |  |  | $ | 280 |  |  | $ | (45 | )
Foreign debt | 2,541 |  |  | (265 | ) |  | 281 |  |  | (215 | ) |  | 2,822 |  |  | (480 | )
Corporate debt | 10,463 |  |  | (2,164 | ) |  | 2,210 |  |  | (931 | ) |  | 12,673 |  |  | (3,095 | )
Preferred stock | 7,100 |  |  | (301 | ) |  | 3,568 |  |  | (309 | ) |  | 10,668 |  |  | (610 | )
Common stock | 7,379 |  |  | (1,220 | ) |  | 2,186 |  |  | (719 | ) |  | 9,565 |  |  | (1,939 | )
Total temporary impaired securities | $ | 27,763 |  |  | $ | (3,995 | ) |  | $ | 8,245 |  |  | $ | (2,174 | ) |  | $ | 36,008 |  |  | $ | (6,169 | )

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