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Cemetery Perpetual Care Trust Investments (Tables)
 3 Months Ended
Mar. 31, 2019
Cemetery Perpetual Care Trust Investments [Abstract]  
Components of care trusts' corpus
The components of Care trusts’ corpus as of December 31, 2018 and March 31, 2019 are as follows (in thousands):
 
December 31, 2018
 
March 31, 2019
Trust assets, at market value
$
44,071

 
$
47,970

Obligations due from trust
(577
)
 
(236
)
Care trusts’ corpus
$
43,494

 
$
47,734
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, 2019 (in thousands, except percentages):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market
Value
Cash and money market accounts
1
 
$
3,696

 
$
—

 
$
—

 
$
3,696

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
4,194

 
114

 
(182
)
 
4,126

Corporate debt
2
 
10,561

 
393

 
(328
)
 
10,626

Preferred stock
2
 
9,706

 
197

 
(542
)
 
9,361

Mortgage-backed securities
2
 
406

 
57

 
(13
)
 
450

Common stock
1
 
18,370

 
1,351

 
(2,323
)
 
17,398

Mutual funds:
 
 
 
 
 
 
 
 
 
Fixed Income
2
 
1,788

 
17

 
(1
)
 
1,804

Trust securities
 
 
$
48,721

 
$
2,129

 
$
(3,389
)
 
$
47,461

Accrued investment income
 
 
$
509

 
 
 
 
 
$
509

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
47,970

Market value as a percentage of cost
 
 
 
 
 
 
 
 
97.4
%
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
2,220

Due in five to ten years
6,667

Thereafter
15,676

Total
$
24,563
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, 2018 (in thousands, except percentages):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market
Value
Cash and money market accounts
1
 
$
11,144

 
$
—

 
$
—

 
$
11,144

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
2,872

 
27

 
(385
)
 
2,514

Corporate debt
2
 
9,956

 
227

 
(730
)
 
9,453

Preferred stock
2
 
8,141

 
37

 
(820
)
 
7,358

Mortgage-backed securities
2
 
417

 
101

 
(9
)
 
509

Common stock
1
 
15,562

 
542

 
(3,395
)
 
12,709

Trust securities
 
 
$
48,092

 
$
934

 
$
(5,339
)
 
$
43,687

Accrued investment income
 
 
$
384

 
 
 
 
 
$
384

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
44,071

Market value as a percentage of cost
 
 
 
 
 
 
 
 
90.8
%
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, 2019 are shown in the following table (in thousands):
 
March 31, 2019
 
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
$
1,571

 
$
(33
)
 
$
838

 
$
(149
)
 
$
2,409

 
$
(182
)
Corporate debt
903

 
(58
)
 
3,590

 
(270
)
 
4,493

 
(328
)
Preferred stock
3,251

 
(152
)
 
2,959

 
(390
)
 
6,210

 
(542
)
Mortgage-backed securities
—

 
—

 
76

 
(13
)
 
76

 
(13
)
Common stock
8,369

 
(1,433
)
 
917

 
(890
)
 
9,286

 
(2,323
)
Mutual Funds:
 
 
 
 
 
 
 
 
 
 
 
Fixed Income
424

 
(1
)
 
—

 
—

 
424

 
(1
)
Total temporary impaired securities
$
14,518

 
$
(1,677
)
 
$
8,380

 
$
(1,712
)
 
$
22,898

 
$
(3,389
)
Our perpetual care trust investment unrealized losses, their associated fair market values, and the duration of unrealized losses for the periods ended December 31, 2018 are shown in the following table (in thousands):
 
December 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
$
1,619

 
$
(189
)
 
$
639

 
$
(196
)
 
$
2,258

 
$
(385
)
Corporate debt
7,006

 
(587
)
 
301

 
(143
)
 
7,307

 
(730
)
Preferred stock
3,586

 
(279
)
 
2,787

 
(541
)
 
6,373

 
(820
)
Mortgage-backed securities
—

 
—

 
32

 
(9
)
 
32

 
(9
)
Common stock
9,010

 
(2,557
)
 
733

 
(838
)
 
9,743

 
(3,395
)
Total temporary impaired securities
$
21,221

 
$
(3,612
)
 
$
4,492

 
$
(1,727
)
 
$
25,713

 
$
(5,339
)
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, 2018 and 2019 are as follows (in thousands):
 
Three Months Ended March 31,
 
2018
 
2019
Realized gains
$
282

 
$
354

Realized losses
(214
)
 
(171
)
Net change in care trusts’ corpus
(68
)
 
(183
)
Total
$
—

 
$
—
Perpetual care trust investment security transactions recorded in cemetery revenue
Perpetual care trust investment security transactions recorded in Other revenue for the three months ended March 31, 2018 and 2019 are as follows (in thousands):
 
Three Months Ended March 31,
 
2018
 
2019
Investment income
$
1,533

 
$
1,087

Realized gain, net
(316
)
 
(290
)
Total
$
1,217

 
$
797
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, 2018 and 2019 are as follows (in thousands):
 
Three Months Ended March 31,
 
2018
 
2019
Purchases
$
(1,929
)
 
$
(9,157
)
Sales
4,965

 
1,702