Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts' Corpus (Notes)

6 Months Ended

Jun. 30, 2015

Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts' Corpus [Abstract]

Deferred Preneed Funeral And Cemetery Receipts Held In Trust And Care Trusts Corpus

Deferred Preneed Receipts Held in Trust and Care Trusts’ Corpus

Deferred Preneed Receipts Held in Trust

We consolidate the merchandise and service trusts associated with our preneed activities. Although the consolidation of the merchandise and service trusts is required by accounting standards, it does not change the legal relationships among the trusts, us, or our customers. The customers are the legal beneficiaries of these merchandise and service trusts, and therefore their interests in these trusts represent a liability to us.

The components of Deferred preneed receipts held in trust in our unaudited condensed consolidated balance sheet at June 30, 2015 and December 31, 2014 are detailed below.

	June 30, 2015									December 31, 2014
	Preneed Funeral			Preneed Cemetery			Total			Preneed Funeral			Preneed Cemetery			Total
	(In thousands)
Trust investments	$	1,596,944		$	1,542,425		$	3,139,369		$	1,628,875		$	1,526,653		$	3,155,528
Accrued trust operating payables and other	(794		)	(1,558		)	(2,352		)	(2,487		)	(4,157		)	(6,644		)
Deferred preneed receipts held in trust	$	1,596,150		$	1,540,867		$	3,137,017		$	1,626,388		$	1,522,496		$	3,148,884

Care Trusts’ Corpus

The Care trusts’ corpus reflected in our unaudited condensed consolidated balance sheet represents the cemetery perpetual care trusts, including the related accrued expenses.

The components of Care trusts’ corpus in our unaudited condensed consolidated balance sheet at June 30, 2015 and December 31, 2014 are detailed below.

	June 30, 2015			December 31, 2014
	(In thousands)
Cemetery perpetual care trust investments	$	1,347,753		$	1,341,376
Accrued trust operating payables and other	(1,877		)	(13,718		)
Care trusts’ corpus	$	1,345,876		$	1,327,658

Other (Expense) Income, Net

The components of Other (expense) income, net in our unaudited condensed consolidated statement of operations for the three and six months ended June 30, 2015 and 2014 are detailed below. See Notes 4, 5, and 6 for further discussion of the amounts related to the funeral, cemetery, and cemetery perpetual care trusts.

	Three Months Ended June 30, 2015
	Funeral Trusts			Cemetery Trusts			Cemetery Perpetual Care Trusts			Other, Net			Total
				(In thousands)
Realized gains	$	9,856		$	16,406		$	1,753		$	—		$	28,015
Realized losses	(3,838		)	(6,398		)	(4,192		)	—			(14,428		)
Impairment charges	(1,023		)	(1,531		)	(996		)	—			(3,550		)
Interest, dividend, and other ordinary income	8,820			8,262			15,789			—			32,871
Trust expenses and income taxes	(4,010		)	(6,592		)	(16,570		)	—			(27,172		)
Net trust investment income (loss)	9,805			10,147			(4,216		)	—			15,736
Reclassification to deferred preneed receipts held in trust and care trusts’ corpus	(9,805		)	(10,147		)	4,216			—			(15,736		)
Other expense, net	—			—			—			(109		)	(109		)
Total other expense, net	$	—		$	—		$	—		$	(109	)	$	(109	)

	Six Months Ended June 30, 2015
	Funeral Trusts			Cemetery Trusts			Cemetery Perpetual Care Trusts			Other, Net			Total
				(In thousands)
Realized gains	$	14,205		$	23,541		$	2,151		$	—		$	39,897
Realized losses	(8,572		)	(13,427		)	(4,322		)	—			(26,321		)
Impairment charges	(1,495		)	(2,050		)	(1,507		)	—			(5,052		)
Interest, dividend, and other ordinary income	12,882			11,778			26,334			—			50,994
Trust expenses and income taxes	(9,837		)	(15,107		)	(22,843		)	—			(47,787		)
Net trust investment income	7,183			4,735			(187		)	—			11,731
Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus	(7,183		)	(4,735		)	187			—			(11,731		)
Other expense, net	—			—			—			(167		)	(167		)
Total other expense, net	$	—		$	—		$	—		$	(167	)	$	(167	)

	Three Months Ended June 30, 2014
	Funeral Trusts			Cemetery Trusts			Cemetery Perpetual Care Trusts			Other, Net		Total
				(In thousands)
Realized gains	$	15,911		$	20,655		$	9,824		$	—	$	46,390
Realized losses	(2,665		)	(3,826		)	(327		)	—		(6,818		)
Impairment charges	(119		)	(179		)	(7		)	—		(305		)
Interest, dividend, and other ordinary income	7,900			4,981			12,385			—		25,266
Trust expenses and income taxes	(4,978		)	(4,377		)	(2,127		)	—		(11,482		)
Net trust investment income	16,049			17,254			19,748			—		53,051
Reclassification to deferred preneed receipts held in trust and care trusts’ corpus	(16,049		)	(17,254		)	(19,748		)	—		(53,051		)
Other income, net	—			—			—			50		50
Total other income, net	$	—		$	—		$	—		$	50	$	50

	Six Months Ended June 30, 2014
	Funeral Trusts			Cemetery Trusts			Cemetery Perpetual Care Trusts			Other, Net		Total
				(In thousands)
Realized gains	$	32,012		$	46,187		$	14,869		$	—	$	93,068
Realized losses	(4,139		)	(6,125		)	(664		)	—		(10,928		)
Impairment charges	(370		)	(518		)	(47		)	—		(935		)
Interest, dividend, and other ordinary income	13,474			7,476			21,971			—		42,921
Trust expenses and income taxes	(9,445		)	(9,192		)	(3,674		)	—		(22,311		)
Net trust investment income	31,532			37,828			32,455			—		101,815
Reclassification to deferred preneed receipts held in trust and care trusts’ corpus	(31,532		)	(37,828		)	(32,455		)	—		(101,815		)
Other income, net	—			—			—			1,586		1,586
Total other income, net	$	—		$	—		$	—		$	1,586	$	1,586