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Cemetery Perpetual Care Trust Investments (Tables)
 9 Months Ended
Sep. 30, 2017
Cemetery Perpetual Care Trust Investments [Abstract]  
Components of care trusts' corpus
The components of Care trusts’ corpus as of December 31, 2016 and September 30, 2017 were as follows (in thousands):
 
December 31, 2016
 
September 30, 2017
Trust assets, at market value
$
46,889

 
$
48,679

Obligations due from trust
(599
)
 
(493
)
Care trusts’ corpus
$
46,290

 
$
48,186
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 September 30, 2017 (in thousands):
 
Fair Value Hierarchy Level
 
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair Market
Value
Cash and money market accounts
1
 
$
2,573

 
$
—

 
$
—

 
$
2,573

Fixed income securities:
 
 
 
 
 
 
 
 
 
Foreign debt
2
 
3,568

 
211

 
(117
)
 
3,662

Corporate debt
2
 
13,194

 
768

 
(368
)
 
13,594

Preferred stock
2
 
11,464

 
260

 
(368
)
 
11,356

Mortgage-backed securities
2
 
661

 
147

 
(14
)
 
794

Common stock
1
 
15,263

 
1,985

 
(2,021
)
 
15,227

Mutual funds:
 
 
 
 
 
 
 
 
 
Fixed Income
2
 
909

 
64

 
—

 
973

Trust securities
 
 
$
47,632

 
$
3,435

 
$
(2,888
)
 
$
48,179

Accrued investment income
 
 
$
500

 
 
 
 
 
$
500

Cemetery perpetual care investments
 
 
 
 
 
 
 
 
$
48,679

Market value as a percentage of cost
 
 
 
 
 
 
 
 
101.1
%
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
$
9

Due in one to five years
1,770

Due in five to ten years
4,004

Thereafter
23,622

 
$
29,405
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 September 30, 2017 are shown in the following table (in thousands):
 
September 30, 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
$
93

 
$
(2
)
 
$
1,138

 
$
(115
)
 
$
1,231

 
$
(117
)
Corporate debt
1,435

 
(276
)
 
417

 
(92
)
 
1,852

 
(368
)
Preferred stock
681

 
(4
)
 
5,475

 
(364
)
 
6,156

 
(368
)
Mortgage-backed securities
121

 
(14
)
 
—

 
—

 
121

 
(14
)
Common stock
5,393

 
(1,466
)
 
1,221

 
(555
)
 
6,614

 
(2,021
)
Mutual Funds:
 
 
 
 
 
 
 
 
 
 
 
Fixed Income
—

 
—

 
—

 
—

 
—

 
—

Total temporary impaired securities
$
7,723

 
$
(1,762
)
 
$
8,251

 
$
(1,126
)
 
$
15,974

 
$
(2,888
)
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 and nine months ended September 30, 2016 and 2017 were as follows (in thousands):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2017
 
2016
 
2017
Realized gains
$
44

 
$
—

 
$
156

 
$
925

Realized losses
(261
)
 
—

 
(1,943
)
 
(630
)
Decrease (increase) in care trusts’ corpus
217

 
—

 
1,787

 
(295
)
Total
$
—

 
$
—

 
$
—

 
$
—
Perpetual care trust investment security transactions recorded in cemetery revenue
Perpetual care trust investment security transactions recorded in Revenues: Cemetery for the three and nine months ended September 30, 2016 and 2017 were as follows (in thousands):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2017
 
2016
 
2017
Investment income
$
1,523

 
$
1,539

 
$
4,503

 
$
4,831

Realized gain, net
14

 
(283
)
 
(444
)
 
(891
)
Total
$
1,537

 
$
1,256

 
$
4,059

 
$
3,940
Purchases and sales of investments in perpetual care trusts
Purchases and sales of investments in the perpetual care trusts for the three and nine months ended September 30, 2016 and 2017 were as follows (in thousands):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2017
 
2016
 
2017
Purchases
$
(936
)
 
$
(556
)
 
$
(12,888
)
 
$
(12,430
)
Sales
$
3,832

 
$
—

 
$
11,702

 
$
8,390