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Cemetery Perpetual Care Trust Investments (Tables)
 3 Months Ended
Mar. 31, 2018
Cemetery Perpetual Care Trust Investments [Abstract]  
Components of care trusts' corpus
The components of Care trusts’ corpus as of December 31, 2017 and March 31, 2018 were as follows (in thousands):
 
December 31, 2017
 
March 31, 2018
Trust assets, at market value
$
50,229

 
$
48,285

Obligations due from trust
(373
)
 
(724
)
Care trusts’ corpus
$
49,856

 
$
47,561
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, 2018 (in thousands):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market
Value
Cash and money market accounts
1
 
$
5,067

 
$
—

 
$
—

 
$
5,067

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
3,602

 
144

 
(170
)
 
3,576

Corporate debt
2
 
10,743

 
486

 
(429
)
 
10,800

Preferred stock
2
 
11,618

 
91

 
(523
)
 
11,186

Mortgage-backed securities
2
 
622

 
172

 
(16
)
 
778

Common stock
1
 
15,449

 
2,414

 
(2,430
)
 
15,433

Mutual funds:
 
 
 
 
 
 
 
 
 
Fixed Income
2
 
919

 
25

 
(35
)
 
909

Trust securities
 
 
$
48,020

 
$
3,332

 
$
(3,603
)
 
$
47,749

Accrued investment income
 
 
$
536

 
 
 
 
 
$
536

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
48,285

Market value as a percentage of cost
 
 
 
 
 
 
 
 
99.4
%
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
1,443

Due in five to ten years
1,765

Thereafter
23,132

 
$
26,340
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, 2017 (in thousands):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market
Value
Cash and money market accounts
1
 
$
1,906

 
$
—

 
$
—

 
$
1,906

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
3,580

 
227

 
(134
)
 
3,673

Corporate debt
2
 
12,557

 
805

 
(187
)
 
13,175

Preferred stock
2
 
11,545

 
364

 
(411
)
 
11,498

Mortgage-backed securities
2
 
621

 
152

 
(15
)
 
758

Common stock
1
 
16,326

 
3,116

 
(1,595
)
 
17,847

Mutual funds:
 
 
 
 
 
 
 
 
 
Fixed income
2
 
913

 
42

 
(10
)
 
945

Trust securities
 
 
$
47,448

 
$
4,706

 
$
(2,352
)
 
$
49,802

Accrued investment income
 
 
$
427

 
 
 
 
 
$
427

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
50,229

Market value as a percentage of cost
 
 
 
 
 
 
 
 
105.0
%
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, 2018 are shown in the following table (in thousands):
 
March 31, 2018
 
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
$
318

 
$
(11
)
 
$
1,110

 
$
(157
)
 
$
1,428

 
$
(168
)
Corporate debt
4,637

 
(289
)
 
576

 
(141
)
 
5,213

 
(430
)
Preferred stock
3,423

 
(32
)
 
5,622

 
(492
)
 
9,045

 
(524
)
Mortgage-backed securities
45

 
—

 
45

 
(16
)
 
90

 
(16
)
Common stock
7,291

 
(1,534
)
 
1,079

 
(894
)
 
8,370

 
(2,428
)
Mutual Funds:
 
 
 
 
 
 
 
 
 
 
 
Fixed Income
641

 
(35
)
 
—

 
—

 
641

 
(35
)
Total temporary impaired securities
$
16,355

 
$
(1,901
)
 
$
8,432

 
$
(1,700
)
 
$
24,787

 
$
(3,601
)
Our perpetual care trust investment unrealized losses, their associated fair market values, and the duration of unrealized losses for the periods ended December 31, 2017 are shown in the following table (in thousands):
 
December 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:
 
 
 
 
 
 
 
 
 
 
 
Foreign debt
$
92

 
$
(3
)
 
$
1,128

 
$
(131
)
 
$
1,220

 
$
(134
)
Corporate debt
2,621

 
(59
)
 
555

 
(128
)
 
3,176

 
(187
)
Preferred stock
29

 
—

 
5,492

 
(411
)
 
5,521

 
(411
)
Mortgage-backed securities
76

 
(10
)
 
16

 
(5
)
 
92

 
(15
)
Common stock
5,119

 
(991
)
 
1,108

 
(604
)
 
6,227

 
(1,595
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
433

 
$
(10
)
 
$
—

 
$
—

 
$
433

 
$
(10
)
Total temporary impaired securities
$
8,370

 
$
(1,073
)
 
$
8,299

 
$
(1,279
)
 
$
16,669

 
$
(2,352
)
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, 2017 and 2018 were as follows (in thousands):
 
Three Months Ended March 31,
 
2017
 
2018
Realized gains
$
281

 
$
282

Realized losses
(149
)
 
(214
)
Increase in care trusts’ corpus
(132
)
 
(68
)
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, 2017 and 2018 were as follows (in thousands):
 
Three Months Ended March 31,
 
2017
 
2018
Investment income
$
1,705

 
$
1,533

Realized gain, net
(499
)
 
(316
)
Total
$
1,206

 
$
1,217
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, 2017 and 2018 were as follows (in thousands):
 
Three Months Ended March 31,
 
2017
 
2018
Purchases
$
(5,012
)
 
$
(1,929
)
Sales
$
3,887

 
$
4,965