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Cemetery Perpetual Care Trust Investments (Tables)
 3 Months Ended
Mar. 31, 2017
Cemetery Perpetual Care Trust Investments [Abstract]  
Components of care trusts' corpus
The components of Care trusts’ corpus as of December 31, 2016 and March 31, 2017 were as follows (in thousands):
 
December 31, 2016
 
March 31, 2017
Trust assets, at market value
$
46,889

 
$
47,716

Obligations due from trust
(599
)
 
(466
)
Care trusts’ corpus
$
46,290

 
$
47,250
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 March 31, 2017 (in thousands):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market
Value
Cash and money market accounts
1
 
$
5,407

 
$
—

 
$
—

 
$
5,407

Fixed income securities:
 
 
 
 
 
 
 
 
 
Municipal bonds
2
 
367

 
5

 
(24
)
 
348

Foreign debt
2
 
4,423

 
156

 
(273
)
 
4,306

Corporate debt
2
 
13,400

 
743

 
(696
)
 
13,447

Preferred stock
2
 
11,421

 
21

 
(515
)
 
10,927

Mortgage-backed securities
2
 
650

 
205

 
(8
)
 
847

Common stock
1
 
10,657

 
1,693

 
(1,411
)
 
10,939

Mutual funds:
 
 
 
 
 
 
 
 
 
Fixed Income
2
 
862

 
85

 
—

 
947

Trust securities
 
 
$
47,187

 
$
2,908

 
$
(2,927
)
 
$
47,168

Accrued investment income
 
 
$
548

 
 
 
 
 
$
548

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
47,716

Market value as a percentage of cost
 
 
 
 
 
 
 
 
100.0
%
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
$
102

Due in one to five years
2,903

Due in five to ten years
3,088

Thereafter
23,782

 
$
29,875
Cost and fair market values associated with 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, 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
%
Schedule of fair market value and unrealized loss on perteptual care trust investments
Our perpetual care trust investment unrealized losses, their associated fair market values, and the duration of unrealized losses for the periods ended March 31, 2017 are shown in the following table (in thousands):
 
March 31, 2017
 
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
$
306

 
$
(24
)
 
$
—

 
$
—

 
$
306

 
$
(24
)
Foreign debt
583

 
(13
)
 
1,763

 
(260
)
 
2,346

 
(273
)
Corporate debt
5,047

 
(335
)
 
1,151

 
(361
)
 
6,198

 
(696
)
Preferred stock
1,287

 
(41
)
 
8,516

 
(474
)
 
9,803

 
(515
)
Mortgage-backed securities
164

 
(8
)
 
—

 
—

 
164

 
(8
)
Common stock
2,901

 
(268
)
 
1,904

 
(1,143
)
 
4,805

 
(1,411
)
Total temporary impaired securities
$
10,288

 
$
(689
)
 
$
13,334

 
$
(2,238
)
 
$
23,622

 
$
(2,927
)
Our perpetual care trust investment unrealized losses, their associated fair market values, and the duration of unrealized losses for the periods ended December 31, 2016 are shown in the following table (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
)
Perpetual care trust investment security transactions recorded in interest income and other, net

Perpetual care trust investment security transactions recorded in Other, net on our Consolidated Statements of Operations for the three months ended March 31, 2016 and 2017 were as follows (in thousands):
 
For the Three Months Ended March 31,
 
2016
 
2017
Realized gains
$
47

 
$
281

Realized losses
(1,249
)
 
(149
)
Decrease (increase) in care trusts’ corpus
1,202

 
(132
)
Total
$
—

 
$
—
Perpetual care trust investment security transactions recorded in cemetery revenue
Perpetual care trust investment security transactions recorded in Revenues: Cemetery for the three months ended March 31, 2016 and 2017 were as follows (in thousands):
 
For the Three Months Ended March 31,
 
2016
 
2017
Investment income
$
1,476

 
$
1,705

Realized gain, net
(262
)
 
(499
)
Total
$
1,214

 
$
1,206
Purchases and sales of investments in perpetual care trusts
Purchases and sales of investments in the perpetual care trusts for the three months ended March 31, 2016 and 2017 were as follows (in thousands):
 
For the Three Months Ended March 31,
 
2016
 
2017
Purchases
$
(6,758
)
 
$
(5,012
)
Sales
$
4,748

 
$
3,887