Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts' Corpus Level 1 (Notes)
9 Months Ended
Sep. 30, 2011
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 Text Block
Deferred Preneed Funeral and Cemetery Receipts Held in Trust and Care Trusts’ Corpus
Deferred Preneed Funeral and Cemetery Receipts Held in Trust
We consolidate the merchandise and service trusts associated with our preneed funeral and cemetery activities in accordance with the Consolidation Topic of the ASC. Although the guidance requires the consolidation of the merchandise and service trusts, 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 funeral and cemetery receipts held in trust in our unaudited condensed consolidated balance sheet at September 30, 2011 and December 31, 2010 are detailed below.
 
September 30, 2011
 
December 31, 2010
 
Preneed
Funeral
 
Preneed
Cemetery
 
Total
 
Preneed
Funeral
 
Preneed
Cemetery
 
Total
 
(In thousands)
 
(In thousands)
Trust investments
$
1,244,284

 
$
1,094,652

 
$
2,338,936

 
$
1,216,542

 
$
1,194,795

 
$
2,411,337

Accrued trust operating payables and other
(1,146
)
 
(1,630
)
 
(2,776
)
 
(975
)
 
(2,288
)
 
(3,263
)
Deferred preneed funeral and cemetery receipts held in trust
$
1,243,138

 
$
1,093,022

 
$
2,336,160

 
$
1,215,567

 
$
1,192,507

 
$
2,408,074


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 September 30, 2011 and December 31, 2010 are detailed below.
 
September 30, 2011
 
December 31, 2010
 
(In thousands)
Cemetery perpetual care trust investments
$
974,266

 
$
987,019

Accrued trust operating payables and other
(2,340
)
 
(147
)
Care trusts’ corpus
$
971,926

 
$
986,872


Other Income, Net
The components of Other income, net in our unaudited condensed consolidated statement of operations for the three and nine months ended September 30, 2011 and 2010 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 September 30, 2011
 
Funeral
Trusts
 
Cemetery
Trusts
 
Cemetery Perpetual
Care Trusts
 
Other, Net
 
Total
 
 
 
(In thousands)
 
 
Realized gains
$
11,353

 
$
10,134

 
$
4,101

 
$
—

 
$
25,588

Realized losses
(6,586
)
 
(8,758
)
 
(1,764
)
 
—

 
(17,108
)
Impairment charges
(17,533
)
 
(24,885
)
 
(5
)
 
—

 
(42,423
)
Interest, dividend, and other ordinary income
3,911

 
4,217

 
6,185

 
—

 
14,313

Trust expenses and income taxes
(2,116
)
 
(3,119
)
 
(647
)
 
—

 
(5,882
)
Net trust investment (loss) income
(10,971
)
 
(22,411
)
 
7,870

 
—

 
(25,512
)
Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus
10,971

 
22,411

 
(7,870
)
 
—

 
25,512

Other income, net
—

 
—

 
—

 
249

 
249

Total other income, net
$
—

 
$
—

 
$
—

 
$
249

 
$
249

 
Nine Months Ended September 30, 2011
 
Funeral
Trusts
 
Cemetery
Trusts
 
Cemetery Perpetual
Care Trusts
 
Other, Net
 
Total
 
 
 
(In thousands)
 
 
Realized gains
$
49,618

 
$
51,225

 
$
31,221

 
$
—

 
$
132,064

Realized losses
(18,215
)
 
(19,994
)
 
(14,506
)
 
—

 
(52,715
)
Impairment charges
(20,821
)
 
(26,081
)
 
(316
)
 
—

 
(47,218
)
Interest, dividend, and other ordinary income
15,085

 
16,545

 
25,775

 
—

 
57,405

Trust expenses and income taxes
(4,982
)
 
(7,385
)
 
(2,753
)
 
—

 
(15,120
)
Net trust investment income
20,685

 
14,310

 
39,421

 
—

 
74,416

Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus
(20,685
)
 
(14,310
)
 
(39,421
)
 
—

 
(74,416
)
Other income, net
—

 
—

 
—

 
969

 
969

Total other income, net
$
—

 
$
—

 
$
—

 
$
969

 
$
969


 
Three Months Ended September 30, 2010
 
Funeral
Trusts
 
Cemetery
Trusts
 
Cemetery Perpetual
Care Trusts
 
Other, Net
 
Total
 
 
 
(In thousands)
 
 
Realized gains
$
5,963

 
$
6,838

 
$
4,244

 
$
—

 
$
17,045

Realized losses
(8,360
)
 
(9,828
)
 
(2,068
)
 
—

 
(20,256
)
Impairment charges
(1,129
)
 
(1,536
)
 
(251
)
 
—

 
(2,916
)
Interest, dividend, and other ordinary income
3,291

 
5,491

 
9,174

 
—

 
17,956

Trust expenses and income taxes
(1,324
)
 
(2,555
)
 
(114
)
 
—

 
(3,993
)
Net trust investment (loss) income
(1,559
)
 
(1,590
)
 
10,985

 
—

 
7,836

Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus
1,559

 
1,590

 
(10,985
)
 
—

 
(7,836
)
Other income, net
—

 
—

 
—

 
688

 
688

Total other income, net
$
—

 
$
—

 
$
—

 
$
688

 
$
688

 
Nine Months Ended September 30, 2010
 
Funeral
Trusts
 
Cemetery
Trusts
 
Cemetery Perpetual
Care Trusts
 
Other, Net
 
Total
 
 
 
(In thousands)
 
 
Realized gains
$
26,461

 
$
31,899

 
$
8,937

 
$
—

 
$
67,297

Realized losses
(42,017
)
 
(47,093
)
 
(7,524
)
 
—

 
(96,634
)
Impairment charges
(7,298
)
 
(4,919
)
 
(1,824
)
 
—

 
(14,041
)
Interest, dividend, and other ordinary income
13,223

 
14,914

 
25,249

 
—

 
53,386

Trust expenses and income taxes
(3,150
)
 
(7,024
)
 
(1,661
)
 
—

 
(11,835
)
Net trust investment (loss) income
(12,781
)
 
(12,223
)
 
23,177

 
—

 
(1,827
)
Reclassification to deferred preneed funeral and cemetery receipts held in trust and care trusts’ corpus
12,781

 
12,223

 
(23,177
)
 
—

 
1,827

Other income, net
—

 
—

 
—

 
3,077

 
3,077

Total other income, net
$
—

 
$
—

 
$
—

 
$
3,077

 
$
3,077