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Cemetery Perpetual Care Trust Investments (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]  
Components of Care Trusts' Corpus
The components of Care trusts’ corpus as of December 31, 2018 and 2019 are as follows (in thousands): 
 
December 31, 2018

 
December 31, 2019

Cemetery perpetual care trust investments, at market value
$
44,071

 
$
64,047

Obligations due from trust
(577
)
 
(631
)
Care trusts’ corpus
$
43,494

 
$
63,416
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, 2019 (in thousands):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market Value
Cash and money market accounts
1
 
$
4,624

 
$
—

 
$
—

 
$
4,624

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
4,200

 
238

 
(175
)
 
4,263

Corporate debt
2
 
11,658

 
802

 
(534
)
 
11,926

Preferred stock
2
 
10,782

 
666

 
(106
)
 
11,342

Mortgage-backed securities
2
 
324

 
—

 
(71
)
 
253

Common stock
1
 
21,594

 
3,399

 
(1,911
)
 
23,082

Mutual funds:
 
 
 
 
 
 
 
 
 
Equity
1
 
233

 
146

 
(1
)
 
378

Fixed income
2
 
7,156

 
618

 
(107
)
 
7,667

Trust securities
 
 
$
60,571

 
$
5,869

 
$
(2,905
)
 
$
63,535

Accrued investment income
 
 
$
512

 
 
 
 
 
$
512

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
64,047

Market value as a percentage of cost
 
 
 
 
 
 
 
 
104.9
%
The following table reflects the cost and market values associated with the trust investments held in perpetual care trust funds at December 31, 2018 (in thousands): 
 
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
%
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
3,130

Due in five to ten years
6,786

Thereafter
17,868

Total fixed income securities
$
27,784
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 years ended December 31, 2017, 2018 and 2019 are as follows (in thousands):
 
Years ended December 31,
 
2017
 
2018
 
2019
Realized gains
$
926

 
$
1,364

 
$
1,663

Realized losses
(1,195
)
 
(1,896
)
 
(1,258
)
Net change in Care trusts’ corpus
269

 
532

 
(405
)
Total
$
—

 
$
—

 
$
—
Perpetual care trust investment security transactions recorded in cemetery revenue
Perpetual care trust investment security transactions recorded in Other revenue for the years ended December 31, 2017, 2018 and 2019 are as follows (in thousands):
 
Years ended December 31,
 
2017
 
2018
 
2019
Investment income
$
5,949

 
$
5,934

 
$
4,500

Realized losses, net
(838
)
 
(1,355
)
 
(377
)
Total
$
5,111

 
$
4,579

 
$
4,123
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, 2017, 2018 and 2019 are as follows (in thousands):
 
Years ended December 31,
 
2017
 
2018
 
2019
Purchases
$
(13,923
)
 
$
(17,313
)
 
$
(26,573
)
Sales
8,899

 
25,786

 
17,588
Perpetual Care Trust Investments  
Debt Securities, Available-for-sale [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 year ended December 31, 2019 are shown in the following tables (in thousands):
 
December 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
$
168

 
$
(26
)
 
$
549

 
$
(149
)
 
$
717

 
$
(175
)
Corporate debt
1,057

 
(196
)
 
3,253

 
(338
)
 
4,310

 
(534
)
Preferred stock
2,989

 
(106
)
 
—

 
—

 
2,989

 
(106
)
Mortgage-backed securities
—

 
—

 
252

 
(71
)
 
252

 
(71
)
Common stock
3,299

 
(463
)
 
2,657

 
(1,448
)
 
5,956

 
(1,911
)
Mutual funds:
 
 
 
 
 
 
 
 
 
 
 
Equity and Other
2

 
—

 
18

 
(1
)
 
20

 
(1
)
Fixed income
732

 
(94
)
 
360

 
(13
)
 
1,092

 
(107
)
Total temporary impaired securities
$
8,247

 
$
(885
)
 
$
7,089

 
$
(2,020
)
 
$
15,336

 
$
(2,905
)
Our perpetual care trust investment unrealized losses, their associated fair market values, and the duration of unrealized losses for the year ended December 31, 2018 are shown in the following tables (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
)