Divestiture-Related Activities (Notes)

6 Months Ended

Jun. 30, 2014

Divestiture-Related Activities [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure

Divestiture-Related Activities

As divestitures occur in the normal course of business, gains or losses on the sale of such locations are recognized in the income statement line item Gains (losses) on divestitures and impairment charges, net, which consist of the following for the three and six months ended June 30:

	Three Months Ended						Six Months Ended
	June 30						June 30
	2014			2013			2014			2013
	(In thousands)
Gains (losses) on divestitures, net	$	35,937		$	(3,710	)	$	37,864		$	(4,600	)
Impairment losses	(943		)	(1,835		)	(5,682		)	$	(1,914	)
	$	34,994		$	(5,545	)	$	32,182		$	(6,514	)

Assets Held for Sale

In connection with the acquisition of Stewart, we have agreed to a consent order with the staff of the Federal Trade Commission (FTC) that identifies certain properties the FTC will require us to divest as a result of the acquisition. The consent order has been approved by the FTC commissioners. As a result, these properties have been classified as assets held for sale in our condensed consolidated balance sheet.

Net assets held for sale at June 30, 2014 and December 31, 2013 were as follows:

	June 30		December 31
	2014		2013
	(In thousands)
Current assets	$	3,043	$	4,569
Preneed funeral and cemetery receivables and trust investments	297,075		363,480
Cemetery property	64,967		83,115
Property and equipment, net	47,632		63,356
Goodwill	139,145		193,545
Deferred charges and other assets	16,160		32,989
Cemetery perpetual care trust investments	79,427		86,726
Total assets	$	647,449	$	827,780
Accounts payable and accrued liabilities	2,252		3,183
Deferred preneed funeral and cemetery revenues and deferred receipts held in trusts	357,588		427,436
Care trusts' corpus	78,976		86,726
Other long term liabilities	3,444		4,209
Total liabilities	442,260		521,554
Net assets held for sale	$	205,189	$	306,226

Discontinued Operations

On July 8, 2014, we sold our operations in Germany for approximately $5.0 million and are presenting the assets and results of operations as discontinued operations. Assets of discontinued operations at June 30, 2014 and December 31, 2013 were as follows:

	June 30		December 31
	2014		2013
	(In thousands)
Current assets	$	2,979	$	4,750
Property and equipment, net	281		116
Deferred charges and other assets	3,673		2,375
Total assets	$	6,933	$	7,241
Accounts payable and accrued liabilities	4,014		4,728
Deferred preneed funeral revenues	1,360		938
Other long term liabilities	30		30
Total liabilities	5,404		5,696
Net assets of discontinued operations	$	1,529	$	1,545