XML 38 R28.htm IDEA: XBRL DOCUMENT v3.21.2

Trust Investments (Tables)

6 Months Ended

Jun. 30, 2021

Preneed Trust Investments [Abstract]

Components of preneed cemetery trust investments

The components of Preneed cemetery trust investments on our Consolidated Balance Sheet are as follows (in thousands):

			December 31, 2020						June 30, 2021
Preneed cemetery trust investments, at market value			$	89,081					$	101,288
Less: allowance for contract cancellation			(2,477)						(2,749)
Preneed cemetery trust investments			$	86,604					$	98,539

Cost and fair market values associated with preneed cemetery trust investments

The cost and market values associated with preneed cemetery trust investments at June 30, 2021 are detailed below (in thousands):

			Fair Value Hierarchy Level						Cost						Unrealized Gains						Unrealized Losses						Fair Market Value
Cash and money market accounts			1						$	2,846					$	—					$	—					$	2,846
Fixed income securities:
Foreign debt			2						17,529						2,578						(507)						19,600
Corporate debt			2						12,639						1,703						(7)						14,335
Preferred stock			2						12,205						1,090						(296)						12,999
Common stock			1						35,651						5,410						(2,356)						38,705
Mutual funds:
Fixed Income			2						10,767						1,388						(144)						12,011
Trust securities									$	91,637					$	12,169					$	(3,310)					$	100,496
Accrued investment income									$	792																	$	792
Preneed cemetery trust investments																											$	101,288
Market value as a percentage of cost																											109.7%

The cost and market values associated with preneed cemetery trust investments at December 31, 2020 are detailed below (in thousands):

			Fair Value Hierarchy Level						Cost						Unrealized Gains						Unrealized Losses						Fair Market Value
Cash and money market accounts			1						$	1,859					$	—					$	—					$	1,859
Fixed income securities:
Foreign debt			2						15,953						2,083						(702)						17,334
Corporate debt			2						14,856						1,820						(358)						16,318
Preferred stock			2						11,886						980						(336)						12,530
Mortgage-backed securities			2						272						—						(159)						113
Common stock			1						30,253						7,642						(6,601)						31,294
Mutual funds:
Fixed income			2						7,494						1,331						(185)						8,640
Trust Securities									$	82,573					$	13,856					$	(8,341)					$	88,088
Accrued investment income									$	993																	$	993
Preneed cemetery trust investments																											$	89,081
Market value as a percentage of cost																											106.7%

Estimated maturities of fixed preneed cemetery trust income securities

The estimated maturities of the fixed income securities (excluding mutual funds) included above are as follows (in thousands):

Due in one year or less			$	—
Due in one to five years			12,330
Due in five to ten years			7,187
Thereafter			27,417
Total fixed income securities			$	46,934

Schedule of fair market value and unrealized loss on cemetery merchandise and service trust investments

The following table summarized our fixed income securities (excluding mutual funds) within our preneed cemetery trust investments in an unrealized loss position at June 30, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

			June 30, 2021
			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			$	4,440					$	(202)					$	736					$	(305)					$	5,176					$	(507)
Corporate debt			—						—						378						(7)						378						(7)
Preferred stock			—						—						4,095						(296)						4,095						(296)
Total fixed income securities with an unrealized loss			$	4,440					$	(202)					$	5,209					$	(608)					$	9,649					$	(810)

The following table summarized our fixed income securities (excluding mutual funds) within our preneed cemetery trust investments in an unrealized loss position at December 31, 2020, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

			December 31, 2020
			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			$	2,517					$	(57)					$	371					$	(645)					$	2,888					$	(702)
Corporate debt			784						(99)						542						(259)						1,326						(358)
Preferred stock			709						(118)						4,049						(218)						4,758						(336)
Mortgage-backed securities			—						—						112						(159)						112						(159)
Total fixed income securities with an unrealized loss			$	4,010					$	(274)					$	5,074					$	(1,281)					$	9,084					$	(1,555)

Preneed cemetery trust investment security transactions

Preneed cemetery trust investment security transactions recorded in Other, net on our Consolidated Statements of Operations are as follows (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2020						2021						2020						2021
Investment income			$	653					$	662					$	972					$	1,129
Realized gains			1,619						10,016						3,535						14,108
Realized losses			(2,200)						(3,831)						(3,572)						(6,349)
Unrealized gains (losses), net			12,343						(849)						(3,961)						8,859
Expenses and taxes			(438)						(435)						(625)						(762)
Net change in deferred preneed cemetery receipts held in trust			(11,977)						(5,563)						3,651						(16,985)
			$	—					$	—					$	—					$	—

Purchases and sales of investments in preneed cemetary trusts

Purchases and sales of investments in the preneed cemetery trusts are as follows (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2020						2021						2020						2021
Purchases			$	(13,597)					$	(18,797)					$	(32,454)					$	(27,208)
Sales			12,135						19,352						25,366						27,401

Components of preneed funeral trust investments

The components of Preneed funeral trust investments on our Consolidated Balance Sheet are as follows (in thousands):

			December 31, 2020						June 30, 2021
Preneed funeral trust investments, at market value			$	104,166					$	112,910
Less: allowance for contract cancellation			(2,931)						(3,119)
Preneed funeral trust investments			$	101,235					$	109,791

Estimated maturities of fixed preneed funeral trust income securities

The estimated maturities of the fixed income securities (excluding mutual funds) included above are as follows (in thousands):

Due in one year or less			$	817
Due in one to five years			11,027
Due in five to ten years			6,530
Thereafter			25,463
Total fixed income securities			$	43,837

Cost and fair market values associated with preneed funeral trust investments

The cost and market values associated with preneed funeral trust investments at June 30, 2021 are detailed below (in thousands):

			Fair Value Hierarchy Level						Cost						Unrealized Gains						Unrealized Losses						Fair Market Value
Cash and money market accounts			1						$	18,865					$	—					$	—					$	18,865
Fixed income securities:
U.S treasury debt			1						817						—						—						817
Foreign debt			2						16,774						2,429						(465)						18,738
Corporate debt			2						11,113						1,525						(6)						12,632
Preferred stock			2						10,947						983						(280)						11,650
Common stock			1						32,709						5,051						(2,105)						35,655
Mutual funds:
Fixed income			2						8,913						1,168						(94)						9,987
Other investments			2						3,856						—						—						3,856
Trust securities									$	103,994					$	11,156					$	(2,950)					$	112,200
Accrued investment income									$	710																	$	710
Preneed funeral trust investments																											$	112,910
Market value as a percentage of cost																											107.9%

The cost and market values associated with preneed funeral trust investments at December 31, 2020 are detailed below (in thousands):

			Fair Value Hierarchy Level						Cost						Unrealized Gains						Unrealized Losses						Fair Market Value
Cash and money market accounts			1						$	18,478					$	—					$	—					$	18,478
Fixed income securities:
U.S. treasury debt			1						819						6						—						825
Foreign debt			2						15,144						2,018						(634)						16,528
Corporate debt			2						13,292						1,638						(310)						14,620
Preferred stock			2						10,944						900						(298)						11,546
Mortgage-backed securities			2						293						1						(155)						139
Common stock			1						28,327						7,364						(6,052)						29,639
Mutual funds:
Fixed income			2						6,475						1,198						(121)						7,552
Other investments			2						3,928						—						—						3,928
Trust securities									$	97,700					$	13,125					$	(7,570)					$	103,255
Accrued investment income									$	911																	$	911
Preneed funeral trust investments																											$	104,166
Market value as a percentage of cost																											105.7%

Schedule of fair market value and unrealized loss on preneed funeral trust investments

The following table summarized our fixed income securities (excluding mutual funds) within our preneed funeral trust investment in an unrealized loss position at June 30, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

			June 30, 2021
			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			$	4,539					$	(196)					$	650					$	(269)					$	5,189					$	(465)
Corporate debt			—						—						357						(6)						357						(6)
Preferred stock			—						—						3,874						(280)						3,874						(280)
Total fixed income securities with an unrealized loss			$	4,539					$	(196)					$	4,881					$	(555)					$	9,420					$	(751)

The following table summarized our fixed income securities (excluding mutual funds) within our preneed funeral trust investment in an unrealized loss position at December 31, 2020, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

			December 31, 2020
			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			$	2,225					$	(55)					$	337					$	(579)					$	2,562					$	(634)
Corporate debt			763						(96)						528						(214)						1,291						(310)
Preferred stock			506						(87)						3,942						(211)						4,448						(298)
Mortgage-backed securities			—						—						111						(155)						111						(155)
Total fixed income securities with an unrealized loss			$	3,494					$	(238)					$	4,918					$	(1,159)					$	8,412					$	(1,397)

Preneed funeral trust investment security transactions

Preneed funeral trust investment security transactions recorded in Other, net on the Consolidated Statements of Operations are as follows (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2020						2021						2020						2021
Investment income			$	604					$	535					$	862					$	904
Realized gains			1,606						9,388						4,157						13,259
Realized losses			(2,053)						(3,528)						(3,182)						(5,896)
Unrealized gains (losses), net			11,889						(1,113)						(3,385)						8,206
Expenses and taxes			(253)						(436)						(350)						(632)
Net change in deferred preneed funeral receipts held in trust			(11,793)						(4,846)						1,898						(15,841)
			$	—					$	—					$	—					$	—

Purchases and sales of investments in preneed funeral trusts

Purchases and sales of investments in the preneed funeral trusts are as follows (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2020						2021						2020						2021
Purchases			$	(13,153)					$	(17,863)					$	(31,691)					$	(25,491)
Sales			11,888						17,765						27,856						25,289

Purchases and sales of investments in the perpetual care trusts are as follows (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2020						2021						2020						2021
Purchases			$	(11,066)					$	(12,919)					$	(25,678)					$	(19,056)
Sales			9,458						13,307						22,152						19,263

Components of care trusts' corpus

Care trusts’ corpus on our Consolidated Balance Sheet represent the corpus of those trusts plus undistributed income. The components of Care trusts’ corpus are as follows (in thousands):

			December 31, 2020						June 30, 2021
Cemetery perpetual care trust investments, at market value			$	70,828					$	75,290
Obligations due from trust			(1,121)						(1,391)
Care trusts’ corpus			$	69,707					$	73,899

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

The following table summarized our fixed income securities (excluding mutual funds) within our perpetual care trust investment in an unrealized loss position at June 30, 2021, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

			June 30, 2021
			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			$	2,968					$	(132)					$	580					$	(242)					$	3,548					$	(374)
Corporate debt			—						—						265						(5)						265						(5)
Preferred stock			—						—						2,878						(208)						2,878						(208)
Total fixed income securities with an unrealized loss			$	2,968					$	(132)					$	3,723					$	(455)					$	6,691					$	(587)

The following table summarized our fixed income securities (excluding mutual funds) within our perpetual care trust investment in an unrealized loss position at December 31, 2020, aggregated by major security type and length of time in a continuous unrealized loss position (in thousands):

			December 31, 2020
			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			$	1,728					$	(43)					$	312					$	(539)					$	2,040					$	(582)
Corporate debt			592						(74)						410						(166)						1,002						(240)
Preferred stock			1,142						(191)						3,060						(164)						4,202						(355)
Mortgage-backed securities			—						—						85						(121)						85						(121)
Total fixed income securities with an unrealized loss			$	3,462					$	(308)					$	3,867					$	(990)					$	7,329					$	(1,298)

Preneed Funeral Trust Investment Security Transactions [Table Text Block]

Perpetual care trust investment security transactions recorded in Other, net on our Consolidated Statements of Operations are as follows (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2020						2021						2020						2021
Realized gains			$	439					$	1,258					$	1,148					$	1,949
Realized losses			(606)						(496)						(1,285)						(916)
Unrealized gains (losses), net			10,068						(882)						(3,457)						6,817
Net change in Care trusts’ corpus			(9,901)						120						3,594						(7,850)
Total			$	—					$	—					$	—					$	—

Perpetual care trust investment security transactions recorded in Other revenue on our Consolidated Statements of Operations are as follows (in thousands):

			Three months ended June 30,												Six months ended June 30,
			2020						2021						2020						2021
Investment income			$	1,942					$	2,710					$	3,347					$	5,223
Realized losses, net			27						(141)						(9)						(279)
Total			$	1,969					$	2,569					$	3,338					$	4,944

X

- Definition

Tabular disclosure of the cost and allowance components associated with the net recorded value of perpetual care trust investments.

+ References

No definition available.

+ Details

Name:	csv_ComponentsOfCareTrustsCorpusTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the cost and allowance components associated with the net recorded value of Preneed cemetery trust investments.

+ References

No definition available.

+ Details

Name:	csv_ComponentsOfPreneedCemeteryTrustInvestmentsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the cost and allowance components associated with the net recorded value of preneed funeral trust investments.

+ References

No definition available.

+ Details

Name:	csv_ComponentsOfPreneedFuneralTrustInvestmentsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of preneed cemetary trust investments from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	csv_CostAndFairMarketValuesAssociatedWithPreneedCemeteryTrustInvestmentsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities preneed cemetary trust investments.

+ References

No definition available.

+ Details

Name:	csv_EstimatedMaturitiesOfFixedPreneedCemeteryTrustIncomeSecuritiesTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of realized gains and losses on preneed cemetary trust investments reported in the statement of income.

+ References

No definition available.

+ Details

Name:	csv_PreneedCemeteryTrustInvestmentSecurityTransactionsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of realized gains and losses on preneed funeral trust investments reported in the statement of income.

+ References

No definition available.

+ Details

Name:	csv_PreneedFuneralTrustInvestmentSecurityTransactionsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities preneed funeral trust investments

+ References

No definition available.

+ Details

Name:	csv_PreneedFuneralTrustInvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of realized gains and losses on preneed funeral trust investments reported in the statement of income.

+ References

No definition available.

+ Details

Name:	csv_PreneedFunerealTrustInvestmentSecurityTransactionsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

PRENEED TRUST INVESTMENTS

+ References

No definition available.

+ Details

Name:	csv_PreneedTrustInvestmentsAbstract
Namespace Prefix:	csv_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the purchases and sales of available-for-sale preneed cemetary trust investment securities.

+ References

No definition available.

+ Details

Name:	csv_PurchasesAndSalesOfInvestmentsInPreneedCemetaryTrustsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the purchases and sales of available-for-sale preneed funeral trust investment securities.

+ References

No definition available.

+ Details

Name:	csv_PurchasesAndSalesOfInvestmentsInPreneedFuneralTrustsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of preneed funeral trust investments from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	csv_ScheduleOfPreneedFuneralTrustInvestmentsAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Unrealized Loss on Cemetery Merchandise And Service Trust Investments [Table Text Block]

+ References

No definition available.

+ Details

Name:	csv_ScheduleOfUnrealizedLossOnCemeteryMerchandiseAndServiceTrustInvestmentsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Unrealized Loss on Preneed Funeral Trust Investments [Table Text Block]

+ References

No definition available.

+ Details

Name:	csv_ScheduleOfUnrealizedLossOnPreneedFuneralTrustInvestmentsTableTextBlock
Namespace Prefix:	csv_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities.

+ References

No definition available.

+ Details

Name:	us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration