StoneMor 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	STON
Entity Registrant Name	STONEMOR PARTNERS LP
Entity Central Index Key	1,286,131
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		31,779,105

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 11,792	$ 10,401
Accounts receivable, net of allowance	66,099	62,503
Prepaid expenses	7,064	4,708
Other current assets	33,448	24,266
Total current assets	118,403	101,878
Long-term accounts receivable, net of allowance	93,273	89,536
Cemetery property	344,662	339,848
Property and equipment, net of accumulated depreciation	102,671	100,391
Merchandise trusts, restricted, at fair value	459,320	484,820
Perpetual care trusts, restricted, at fair value	311,781	345,105
Deferred financing costs, net of accumulated amortization	7,907	9,089
Deferred selling and obtaining costs	108,754	97,795
Deferred tax assets	42	40
Goodwill	64,048	58,836
Intangible assets	67,681	68,990
Other assets	3,158	3,136
Total assets	1,681,700	1,699,464
Current liabilities:
Accounts payable and accrued liabilities	37,448	35,382
Accrued interest	4,868	1,219
Current portion, long-term debt	3,294	2,251
Total current liabilities	45,610	38,852
Other long-term liabilities	2,003	1,292
Obligation for lease and management agreements, net	9,307	8,767
Long-term debt	287,724	285,378
Deferred cemetery revenues, net	645,233	643,408
Deferred tax liabilities	17,815	17,708
Merchandise liability	158,592	150,192
Perpetual care trust corpus	311,781	345,105
Total liabilities	$ 1,478,065	$ 1,490,702
Commitments and contingencies
Partners' capital (deficit)
General partner deficit	$ (8,612)	$ (5,113)
Common partners, 31,779 and 29,204 units outstanding as of September 30, 2015 and December 31, 2014, respectively	212,247	213,875
Total partners' capital	203,635	208,762
Total liabilities and partners' capital	$ 1,681,700	$ 1,699,464

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheet (Parenthetical) - shares shares in Thousands	Sep. 30, 2015	Dec. 31, 2014
Common partners units, outstanding	31,779	29,204

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Total revenues	$ 78,200	$ 78,174	$ 226,442	$ 214,094
Costs and expenses:
Cemetery expense	18,245	18,076	53,789	47,546
Selling expense	14,647	16,494	44,326	42,544
General and administrative expense	8,819	9,808	27,340	26,333
Corporate overhead	8,152	8,392	26,979	22,394
Depreciation and amortization	3,311	3,112	9,207	7,993
Acquisition related costs, net of recoveries	963	451	1,648	2,040
Total cost and expenses	74,073	75,754	224,414	203,147
Operating profit	4,127	2,420	2,028	10,947
Legal settlement	3,000		3,000
Gain on acquisitions	1,540		1,540	412
Gain on settlement agreement, net				888
Interest expense	5,669	5,268	16,902	15,990
Net loss before income taxes	(3,002)	(2,604)	(16,334)	(3,499)
Income tax expense (benefit)	400	664	799	(522)
Net loss	(3,402)	(3,268)	(17,133)	(2,977)
General partner's interest in net loss for the period	(42)	(44)	(227)	(49)
Limited partners' interest in net loss for the period	$ (3,360)	$ (3,224)	$ (16,906)	$ (2,928)
Net loss per limited partner unit (basic and diluted)	$ (0.11)	$ (0.11)	$ (0.56)	$ (0.11)
Weighted average number of limited partners' units outstanding (basic and diluted)	31,491	29,018	30,011	25,712
Distributions declared per unit	$ 0.650	$ 0.610	$ 1.920	$ 1.810
Cemetery
Revenues:
Merchandise	$ 34,709	$ 37,812	$ 97,688	$ 98,452
Services	14,195	14,971	42,696	37,760
Investment and other	15,054	13,152	43,062	42,418
Costs and expenses:
Perpetual care	1,993	1,898	5,727	5,110
Merchandise	6,735	7,164	19,891	20,106
Cemetery expense	18,245	18,076	53,789	47,546
Funeral Home
Revenues:
Merchandise	6,588	4,752	19,913	14,770
Services	7,654	7,487	23,083	20,694
Costs and expenses:
Perpetual care	5,432	5,522	16,728	15,023
Merchandise	1,002	1,441	5,444	4,691
Other	$ 4,774	3,396	$ 13,335	9,367
Gain on sale of funeral home		$ 244		$ 244

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Corporate overhead, unit-based compensation	$ 277	$ 265	$ 824	$ 802

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Partners' Capital (Deficit) - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Total	Common Unit Holders	General Partner
Balance at Dec. 31, 2014	$ 208,762	$ 213,875	$ (5,113)
Proceeds from public offerings	67,871	67,871
Issuance of common units	4,331	4,331
Compensation related to unit awards	824	824
Net loss	(17,133)	(16,906)	(227)
Cash distributions	(56,689)	(53,417)	(3,272)
Unit distributions	(4,331)	(4,331)
Balance at Sep. 30, 2015	$ 203,635	$ 212,247	$ (8,612)

Condensed Consolidated Stateme7

Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net loss	$ (17,133)	$ (2,977)
Adjustments to reconcile net loss to net cash provided by operating activities:
Cost of lots sold	7,506	7,181
Depreciation and amortization	9,207	7,993
Unit-based compensation	824	802
Accretion of debt discounts	2,207	2,127
Gain on acquisitions	(1,540)	(412)
Changes in assets and liabilities that provided cash:
Accounts receivable	(6,403)	(2,958)
Allowance for doubtful accounts	1,565	2,647
Merchandise trust fund	(33,403)	(26,547)
Prepaid expenses	(2,356)	(2,913)
Other current assets	(9,128)	(1,019)
Other assets	(67)	(1,397)
Accounts payable and accrued and other liabilities	5,550	7,382
Deferred selling and obtaining costs	(10,959)	(6,855)
Deferred cemetery revenue	60,572	45,475
Deferred taxes (net)	106	(1,254)
Merchandise liability	5,482	(3,793)
Net cash provided by operating activities	12,030	23,238
Investing activities:
Cash paid for cemetery property	(6,022)	(4,692)
Purchase of subsidiaries	(13,100)	(54,000)
Consideration for lease and management agreements		(53,000)
Cash paid for property and equipment	(5,011)	(6,430)
Net cash used in investing activities	(24,133)	(117,825)
Financing activities:
Cash distributions	(56,689)	(45,297)
Additional borrowings on long-term debt	102,323	63,365
Repayments of long-term debt	(99,945)	(86,788)
Proceeds from public offerings	67,871	120,345
Proceeds from issuance of common units		53,237
Cost of financing activities	(66)	(275)
Net cash provided by financing activities	13,494	104,587
Net increase in cash and cash equivalents	1,391	10,000
Cash and cash equivalents - Beginning of period	10,401	12,175
Cash and cash equivalents - End of period	11,792	22,175
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	10,918	10,303
Cash paid during the period for income taxes	4,167	3,536
Non-cash investing and financing activities:
Acquisition of assets by financing	593	251
Acquisition of asset by assumption of directly related liability	$ 876	8,368
Funeral Home
Adjustments to reconcile net loss to net cash provided by operating activities:
Gain on sale of funeral home		(244)
Investing activities:
Proceeds from divestiture of funeral home		$ 297

NATURE OF OPERATIONS, BASIS OF

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations StoneMor Partners L.P. (“StoneMor”, the “Company” or the “Partnership”) is a provider of funeral and cemetery products and services in the death care industry in the United States. Through its subsidiaries, StoneMor offers a complete range of funeral merchandise and services, along with cemetery property, merchandise and services, both at the time of need and on a pre-need basis. As of September 30, 2015, the Partnership operated 306 cemeteries in 27 states and Puerto Rico, of which 275 are owned and 31 are operated under lease, management or operating agreements. The Partnership also owned and operated 103 funeral homes in 19 states and Puerto Rico. Basis of Presentation The unaudited condensed consolidated financial statements included in this Quarterly Report on Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All interim financial data is unaudited. However, in the opinion of management, the interim financial data as of September 30, 2015 and for the three and nine months ended September 30, 2015 and 2014 includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The results of operations for interim periods are not necessarily indicative of the results of operations to be expected for a full year. The December 31, 2014 condensed consolidated balance sheet data was derived from audited financial statements included in the Company’s 2014 Annual Report on Form 10-K (“2014 Form 10-K”), but does not include all disclosures required by GAAP, which are presented in the Company’s 2014 Form 10-K. Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of each of the Company’s subsidiaries. These statements also include the accounts of the merchandise and perpetual care trusts in which the Company has a variable interest and is the primary beneficiary. The Company operates 31 cemeteries under long-term lease, operating or management contracts. The operations of 16 of these managed cemeteries have been consolidated in accordance with the provisions of Accounting Standards Codification (ASC) 810. The Company operates 15 cemeteries under long-term lease, operating or management agreements that do not qualify as acquisitions for accounting purposes, including 13 cemeteries related to the transaction with the Archdiocese of Philadelphia that closed in the second quarter of 2014. As a result, the Company did not consolidate all of the existing assets and liabilities related to these cemeteries. The Company has consolidated the existing assets and liabilities of these cemeteries’ merchandise and perpetual care trusts as variable interest entities since the Company controls and receives the benefits and absorbs any losses from operating these trusts. Under these long-term lease, operating or management agreements, which are subject to certain termination provisions, the Company is the exclusive operator of these cemeteries. The Company earns revenues related to sales of merchandise, services, and interment rights and incurs expenses related to such sales and the maintenance and upkeep of these cemeteries. Upon termination of these contracts, the Company will retain all of the benefits and related contractual obligations incurred from sales generated during the contract period. The Company has also recognized the existing merchandise liabilities that it assumed as part of these agreements. New Accounting Pronouncements In the second quarter of 2014, the Financial Accounting Standards Board issued Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which supersedes the revenue recognition requirements in “Topic 605 - Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. During the third quarter of 2015, Update No. 2015-14, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2015-14”) was released, deferring the effective date of the amendments to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted, only as of an annual reporting period beginning after December 15, 2016. The Company is currently in the process of evaluating the potential impact of these updates on its financial statements. In the first quarter of 2015, the Financial Accounting Standards Board issued Update No. 2015-02, “Consolidation (Topic 810)” (“ASU 2015-02”), which amends previous consolidation analysis guidance. ASU 2015-02 requires companies to consider revised consolidation criteria regarding limited partnerships and similar legal entities. The amendments are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early application is permitted. The Company has evaluated the impact of this update, concluding that it will not have an impact on the Company’s financial position, results of operations, or cash flows. In the second quarter of 2015, the Financial Accounting Standards Board issued Update No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”), which changes the presentation of debt issuance costs. During the third quarter of 2015, Update No. 2015-15, “Interest - Imputation of Interest (Subtopic 835-30) (“ASU 2015-15”) was released clarifying the treatment of debt issuance costs associated with line-of-credit arrangements. ASU 2015-03 In the third quarter of 2015, the Financial Accounting Standards Board issued Update No. 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments” (“ASU 2015-16”). ASU 2015-16 requires that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments are effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is currently in the process of evaluating the potential impact of this update on its financial statements. Use of Estimates Preparation of these unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expense during the reporting periods. As a result, actual results could differ from those estimates. The most significant estimates in the unaudited condensed consolidated financial statements are the valuation of assets in the merchandise trusts and perpetual care trusts, allowance for cancellations, unit-based compensation, merchandise liability, deferred sales revenue, deferred margin, deferred merchandise trust investment earnings, deferred obtaining costs, assets and liabilities obtained via business combinations and income taxes. Deferred sales revenue, deferred margin and deferred merchandise trust investment earnings are included in deferred cemetery revenues, net, on the unaudited condensed consolidated balance sheet.

LONG-TERM ACCOUNTS RECEIVABLE,

LONG-TERM ACCOUNTS RECEIVABLE, NET OF ALLOWANCE	9 Months Ended
	Sep. 30, 2015
LONG-TERM ACCOUNTS RECEIVABLE, NET OF ALLOWANCE	2. LONG-TERM ACCOUNTS RECEIVABLE, NET OF ALLOWANCE Long-term accounts receivable, net, consists of the following: As of September 30, December 31, (in thousands) Customer receivables $ 203,200 $ 194,537 Unearned finance income (20,125 ) (20,360 ) Allowance for contract cancellations (23,703 ) (22,138 ) 159,372 152,039 Less: current portion, net of allowance 66,099 62,503 Long-term portion, net of allowance $ 93,273 $ 89,536 Activity in the allowance for contract cancellations is as follows: For the nine months ended September 30, 2015 2014 (in thousands) Balance - Beginning of period $ 22,138 $ 20,275 Provision for cancellations 19,054 17,080 Charge-offs - net (17,489 ) (13,610 ) Balance - End of period $ 23,703 $ 23,745 There have been no changes to the Company’s long-term accounts receivable accounting policies since the filing of the Company’s 2014 Form 10-K.

CEMETERY PROPERTY

CEMETERY PROPERTY	9 Months Ended
	Sep. 30, 2015
CEMETERY PROPERTY	3. CEMETERY PROPERTY Cemetery property consists of the following: As of September 30, December 31, (in thousands) Developed land $ 82,048 $ 79,058 Undeveloped land 172,610 172,238 Mausoleum crypts and lawn crypts 78,879 78,524 Other land 11,125 10,028 Total $ 344,662 $ 339,848

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2015
PROPERTY AND EQUIPMENT	4. PROPERTY AND EQUIPMENT Major classes of property and equipment follow: As of September 30, December 31, (in thousands) Building and improvements $ 114,673 $ 108,178 Furniture and equipment 51,947 49,290 166,620 157,468 Less: accumulated depreciation (63,949 ) (57,077 ) Property and equipment - net $ 102,671 $ 100,391 Depreciation expense was $2.8 million and $7.5 million for the three and nine months ended September 30, 2015, respectively, as compared to $2.5 million and $6.5 million during the same periods last year.

MERCHANDISE TRUSTS

MERCHANDISE TRUSTS	9 Months Ended
	Sep. 30, 2015
MERCHANDISE TRUSTS	5. MERCHANDISE TRUSTS At September 30, 2015, the Company’s merchandise trusts consisted of the following types of assets: • Money market funds that invest in low risk short term securities; • Publicly traded mutual funds that invest in underlying debt securities; • Publicly traded mutual funds that invest in underlying equity securities; • Equity investments primarily in securities that are currently paying dividends or distributions. These investments include Master Limited Partnerships and global equity securities; • Fixed maturity debt securities issued by various corporate entities; and • Fixed maturity debt securities issued by U.S. states and local government agencies. • Certain assets related to the July 21, 2015 and August 6, 2015 acquisitions of Gloria Weiss Realty, LLC and Herr Funeral Homes, LTD respectively (see Note 13). According to the terms of the agreement, the seller was required to liquidate the holdings of the related trusts upon closing and forward the proceeds to the Company as soon as practicable. As of September 30, 2015, the Company has not received all of these amounts. Accordingly, a portion of the assets are shown in a single line item in the disclosures below as “Assets acquired via acquisition” and the cost basis and fair value of such assets are based upon preliminary estimates that the Company is required to make in accordance with Accounting Topic 805. These investments are classified as Available for Sale as defined by the Investments in Debt and Equity topic of the ASC. Accordingly, all of the assets are carried at fair value. All of these investments are considered to be either Level 1 or Level 2 assets as defined by the Fair Value Measurements and Disclosures topic of the ASC. See Note 15 for further details. There were no Level 3 assets. The merchandise trusts are variable interest entities (VIE) for which the Company is the primary beneficiary. The assets held in the merchandise trusts are required to be used to purchase the merchandise to which they relate. If the value of these assets falls below the cost of purchasing such merchandise, the Company may be required to fund this shortfall. The Company has included $8.1 million and $8.3 million of investments held in trust by the West Virginia Funeral Directors Association at September 30, 2015 and December 31, 2014, respectively, in its merchandise trust assets. As required by law, the Company deposits a portion of certain funeral merchandise sales in West Virginia into a trust that is held by the West Virginia Funeral Directors Association. These trusts are recorded at their account value, which approximates their fair value. The cost and market value associated with the assets held in the merchandise trusts at September 30, 2015 and December 31, 2014 were as follows: As of September 30, 2015 Cost Gross Gross Fair Value (in thousands) Short-term investments $ 27,125 $ — $ — $ 27,125 Fixed maturities: U.S. State and local government agency 81 10 — 91 Corporate debt securities 12,550 25 (880 ) 11,695 Other debt securities 7,177 — (9 ) 7,168 Total fixed maturities 19,808 35 (889 ) 18,954 Mutual funds - debt securities 260,872 33 (28,666 ) 232,239 Mutual funds - equity securities 145,260 9 (27,011 ) 118,258 Equity securities 60,169 340 (14,796 ) 45,713 Other invested assets 7,046 152 — 7,198 Total managed investments $ 520,280 $ 569 $ (71,362 ) $ 449,487 Assets acquired via acquisition 1,722 — — 1,722 West Virginia Trust Receivable 8,111 — — 8,111 Total $ 530,113 $ 569 $ (71,362 ) $ 459,320 As of December 31, 2014 Cost Gross Gross Fair Value (in thousands) Short-term investments $ 52,521 $ — $ — $ 52,521 Fixed maturities: U.S. State and local government agency 270 — (1 ) 269 Corporate debt securities 9,400 23 (447 ) 8,976 Other debt securities 7,157 — (18 ) 7,139 Total fixed maturities 16,827 23 (466 ) 16,384 Mutual funds - debt securities 150,477 869 (8,666 ) 142,680 Mutual funds - equity securities 167,353 12,568 (463 ) 179,458 Equity securities 81,639 4,167 (5,507 ) 80,299 Other invested assets 5,400 — (241 ) 5,159 Total managed investments $ 474,217 $ 17,627 $ (15,343 ) $ 476,501 West Virginia Trust Receivable 8,319 — — 8,319 Total $ 482,536 $ 17,627 $ (15,343 ) $ 484,820 The contractual maturities of debt securities as of September 30, 2015 are presented below: As of September 30, 2015 Less than 1 year through 6 years through More than (in thousands) U.S. State and local government agency $ — $ 44 $ 45 $ 2 Corporate debt securities — 8,290 3,405 — Other debt securities 2,136 5,032 — — Total fixed maturities $ 2,136 $ 13,366 $ 3,450 $ 2 Temporary Declines in Fair Value The Company evaluates declines in fair value below cost of each individual asset held in the merchandise trusts on a quarterly basis. An aging of unrealized losses on the Company’s investments in fixed maturities and equity securities at September 30, 2015 and December 31, 2014 is presented below: Less than 12 months 12 Months or more Total Number of Securities in As of September 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands, except number of securities data) Fixed maturities: Corporate debt securities $ 6,277 $ 254 $ 4,641 $ 626 $ 10,918 $ 880 64 Other debt securities 160 — 6,374 9 6,534 9 11 Total fixed maturities 6,437 254 11,015 635 17,452 889 75 Mutual funds - debt securities 20,308 1,896 208,471 26,770 228,779 28,666 45 Mutual funds - equity securities 105,814 24,292 12,382 2,719 118,196 27,011 9 Equity securities 22,291 5,088 20,096 9,708 42,387 14,796 89 Total $ 154,850 $ 31,530 $ 251,964 $ 39,832 $ 406,814 $ 71,362 218 Less than 12 months 12 Months or more Total Number of Securities in Loss Position As of December 31, 2014 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (in thousands, except number of securities data) Fixed maturities: U.S. State and local government agency $ 143 $ 1 $ — $ — $ 143 $ 1 3 Corporate debt securities 5,905 342 1,506 105 7,411 447 58 Other debt securities 2,370 8 4,769 10 7,139 18 13 Total fixed maturities 8,418 351 6,275 115 14,693 466 74 Mutual funds - debt securities 32,072 1,039 95,629 7,627 127,701 8,666 34 Mutual funds - equity securities 4,147 463 — — 4,147 463 2 Equity securities 44,563 4,641 3,909 866 48,472 5,507 60 Other invested assets — — 4,881 241 4,881 241 1 Total $ 89,200 $ 6,494 $ 110,694 $ 8,849 $ 199,894 $ 15,343 171 There were 218 and 171 securities in an unrealized loss position in merchandise trusts as of September 30, 2015 and December 31, 2014, respectively, of which 102 and 39, respectively, were in an unrealized loss position for more than twelve months. For all securities in an unrealized loss position, the Company evaluated the severity of the impairment, the length of time that a security has been in a loss position, and the security’s performance relative to the overall performance for the sector in which the security resides, and has concluded the decline in fair value below the asset’s cost was temporary in nature. In addition, the Company is not aware of any circumstances that would prevent the future market value recovery for these securities. Other-Than-Temporary Impairment of Trust Assets During the three months ended September 30, 2015, the Company determined that there were no other than temporary impairments to the investment portfolio in the merchandise trusts. During the nine months ended September 30, 2015, the Company determined that there were two securities with an aggregate cost basis of approximately $0.6 million and an aggregate fair value of approximately $0.4 million, resulting in an impairment of $0.2 million, wherein such impairment was considered to be other-than-temporary. During the nine months ended September 30, 2014, the Company determined that there were two securities with an aggregate cost basis of approximately $0.2 million and an aggregate fair value of approximately $0.1 million, resulting in an impairment of $0.1 million, wherein such impairment was considered to be other-than-temporary. Accordingly, the Company adjusted the cost basis of these assets to their current value and offset this change against deferred revenue. This reduction in deferred revenue will be reflected in earnings in future periods as the underlying merchandise is delivered or the underlying service is performed. A reconciliation of the Company’s merchandise trust activities for the nine months ended September 30, 2015 is presented below: Fair Value at 12/31/2014 Contributions Distributions Interest/ Capital Gain Realized Taxes Fees Unrealized Fair Value at (in thousands) $ 484,820 60,875 (34,477 ) 13,642 (738 ) 14,190 (3,441 ) (2,474 ) (73,077 ) $ 459,320 (1) Includes $4.2 million representing the net effect of other-than-temporary impairment charges and the release of previously realized impairment charges, as a result of sales and maturities of impaired securities. The Company made net contributions into the trusts of approximately $26.4 million during the nine months ended September 30, 2015. During the nine months ended September 30, 2015, purchases and sales of securities available for sale included in trust investments were approximately $508.1 million and $489.6 million, respectively. Contributions include $12.1 million of assets that were acquired through acquisitions during the nine months ended September 30, 2015.

PERPETUAL CARE TRUSTS

PERPETUAL CARE TRUSTS	9 Months Ended
	Sep. 30, 2015
PERPETUAL CARE TRUSTS	6. PERPETUAL CARE TRUSTS At September 30, 2015, the Company’s perpetual care trusts consisted of the following types of assets: • Money market funds that invest in low risk short term securities; • Publicly traded mutual funds that invest in underlying debt securities; • Publicly traded mutual funds that invest in underlying equity securities; • Equity investments that are currently paying dividends or distributions. These investments include Master Limited Partnerships and global equity securities; • Fixed maturity debt securities issued by various corporate entities; • Fixed maturity debt securities issued by the U.S. Government and U.S. Government agencies; and • Fixed maturity debt securities issued by U.S. states and local government agencies. All of these investments are classified as Available for Sale as defined by the Investments in Debt and Equity topic of the ASC. Accordingly, all of the assets are carried at fair value. All of these investments are considered to be either Level 1 or Level 2 assets as defined by the Fair Value Measurements and Disclosures topic of the ASC. See Note 15 for further details. There were no Level 3 assets. The cost and market value associated with the assets held in the perpetual care trusts at September 30, 2015 and December 31, 2014 were as follows: As of September 30, 2015 Cost Gross Gross Fair Value (in thousands) Short-term investments $ 14,455 $ — $ — $ 14,455 Fixed maturities: U.S. Government and federal agency 101 12 — 113 U.S. State and local government agency 27 — — 27 Corporate debt securities 23,953 105 (1,381 ) 22,677 Other debt securities 371 — — 371 Total fixed maturities 24,452 117 (1,381 ) 23,188 Mutual funds - debt securities 229,047 1,572 (20,282 ) 210,337 Mutual funds - equity securities 71,177 1,082 (10,965 ) 61,294 Equity securities 1,927 407 (47 ) 2,287 Other invested assets 220 — — 220 Total $ 341,278 $ 3,178 $ (32,675 ) $ 311,781 As of December 31, 2014 Cost Gross Gross Fair Value (in thousands) Short-term investments $ 26,644 $ — $ — $ 26,644 Fixed maturities: U.S. Government and federal agency 100 16 — 116 U.S. State and local government agency 78 1 — 79 Corporate debt securities 24,275 104 (913 ) 23,466 Other debt securities 371 — — 371 Total fixed maturities 24,824 121 (913 ) 24,032 Mutual funds - debt securities 128,735 379 (5,220 ) 123,894 Mutual funds - equity securities 103,701 23,003 (1,268 ) 125,436 Equity securities 30,617 14,704 (247 ) 45,074 Other invested assets 25 — — 25 Total $ 314,546 $ 38,207 $ (7,648 ) $ 345,105 The contractual maturities of debt securities as of September 30, 2015 were as follows: As of September 30, 2015 Less than 1 year through 6 years through More than (in thousands) U.S. Government and federal agency $ — $ 113 $ — $ — U.S. State and local government agency 27 — — — Corporate debt securities 256 15,888 6,515 18 Other debt securities 371 — — — Total fixed maturities $ 654 $ 16,001 $ 6,515 $ 18 Temporary Declines in Fair Value The Company evaluates declines in fair value below cost of each individual asset held in the perpetual care trusts on a quarterly basis. An aging of unrealized losses on the Company’s investments in fixed maturities and equity securities at September 30, 2015 and December 31, 2014 is presented below: Less than 12 months 12 Months or more Total Number of Securities in As of September 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands, except number of securities data) Fixed maturities: Corporate debt securities $ 9,916 $ 455 $ 7,549 $ 926 $ 17,465 $ 1,381 68 Total fixed maturities 9,916 455 7,549 926 17,465 1,381 68 Mutual funds - debt securities 95,075 5,115 112,826 15,167 207,901 20,282 40 Mutual funds - equity securities 43,893 10,965 — — 43,893 10,965 4 Equity securities 186 30 47 17 233 47 6 Total $ 149,070 $ 16,565 $ 120,422 $ 16,110 $ 269,492 $ 32,675 118 Less than 12 months 12 Months or more Total Number of Securities in As of December 31, 2014 Fair Unrealized Fair Unrealized Fair Value Unrealized (in thousands, except number of securities data) Fixed maturities: Corporate debt securities $ 14,434 $ 798 $ 2,519 $ 115 $ 16,953 $ 913 83 Total fixed maturities 14,434 798 2,519 115 16,953 913 83 Mutual funds - debt securities 30,345 768 86,814 4,452 117,159 5,220 31 Mutual funds - equity securities 13,035 1,268 — — 13,035 1,268 5 Equity securities 3,866 245 620 2 4,486 247 29 Total $ 61,680 $ 3,079 $ 89,953 $ 4,569 $ 151,633 $ 7,648 148 There were 118 and 148 securities in an unrealized loss position in perpetual care trusts as of September 30, 2015 and December 31, 2014, respectively, of which 55 and 20, respectively, were in an unrealized loss position for more than twelve months. For all securities in an unrealized loss position, the Company evaluated the severity of the impairment, the length of time that a security has been in a loss position, and the security’s performance relative to the overall performance for the sector in which the security resides, and has concluded the decline in fair value below the asset’s cost was temporary in nature. In addition, the Company is not aware of any circumstances that would prevent the future market value recovery for these securities. Other-Than-Temporary Impairment of Trust Assets During the three and nine months ended September 30, 2015 and during the three months ended September 30, 2014, the Company determined that there were no other than temporary impairments to the investment portfolio in the perpetual care trusts. During the nine months ended September 30, 2014, the Company determined that there were 2 securities with an aggregate cost basis of approximately $1.3 million and an aggregate fair value of approximately $0.8 million, resulting in an impairment of $0.5 million, wherein such impairment was considered to be other-than-temporary. Accordingly, the Company adjusted the cost basis of these assets to their current value and offset this change against the liability for perpetual care trust corpus. A reconciliation of the Company’s perpetual care trust activities for the nine months ended September 30, 2015 is presented below: Fair Value at Contributions Distributions Interest/ Capital Gain Realized Taxes Fees Unrealized Fair Value at (in thousands) $ 345,105 12,058 (10,254 ) 13,236 41 13,942 (637 ) (1,654 ) (60,056 ) $ 311,781 (1) Includes $12.0 million representing the net effect of other-than-temporary impairment charges and the release of previously realized impairment charges, as a result of sales and maturities of impaired securities. The Company made net contributions from the trusts of approximately $1.8 million during the nine months ended September 30, 2015. During the nine months, ended September 30, 2015, purchases and sales of securities available for sale included in trust investments were approximately $326.9 million and $320.2 million, respectively. Contributions include $3.6 million of assets that were acquired through acquisitions during the nine months ended September 30, 2015.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2015
GOODWILL AND INTANGIBLE ASSETS	7. GOODWILL AND INTANGIBLE ASSETS Goodwill Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in acquisitions. There have been no changes in the goodwill balance during the period and a summary by reportable segment is as follows: Cemeteries Funeral Homes Total Southeast Northeast West (in thousands) Balance as of December 31, 2014 $ 8,950 $ 3,288 $ 11,948 $ 34,650 $ 58,836 Goodwill acquired from acquisitions during 2015 — — — 5,212 5,212 Balance as of September 30, 2015 $ 8,950 $ 3,288 $ 11,948 $ 39,862 $ 64,048 Other Acquired Intangible Assets The Company has other acquired intangible assets, most of which have been recognized as a result of acquisitions and long-term lease, management and operating agreements. All of the intangible assets are amortized as a component of depreciation and amortization in the unaudited condensed consolidated statement of operations. The major classes of intangible assets are as follows: As of September 30, 2015 As of December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Intangible Asset Gross Carrying Amount Accumulated Amortization Net Intangible Asset (in thousands) Amortized intangible assets: Lease and management agreements $ 59,758 $ (1,328 ) $ 58,430 $ 59,758 $ (581 ) $ 59,177 Underlying contract value 6,239 (975 ) 5,264 6,239 (858 ) 5,381 Non-compete agreements 5,576 (2,860 ) 2,716 5,250 (2,126 ) 3,124 Other intangible assets 1,439 (168 ) 1,271 1,439 (131 ) 1,308 Total intangible assets $ 73,012 $ (5,331 ) $ 67,681 $ 72,686 $ (3,696 ) $ 68,990 See Note 7 of the Company’s 2014 Form 10-K for a discussion of the Company’s intangible assets, including its contract-based intangible asset pertaining to the lease and management agreements with the Archdiocese of Philadelphia.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2015
LONG-TERM DEBT	8. LONG-TERM DEBT The Company had the following outstanding debt: As of September 30, December 31, (in thousands) 7.875% Senior Notes, due June 2021 $ 175,000 $ 175,000 Credit Facility, due December 2019: Working Capital Draws 75,000 85,902 Acquisition Draws 38,500 25,000 Notes payable - acquisition debt 732 861 Notes payable - acquisition non-competes 1,894 2,765 Insurance and vehicle financing 3,006 1,632 Total 294,132 291,160 Less current portion 3,294 2,251 Less unamortized bond and note payable discounts 3,114 3,531 Long-term portion $ 287,724 $ 285,378 This note includes a summary of material terms of the Company’s senior notes and revolving credit facility. For a more detailed description of the Company’s long-term debt agreements, see the Company’s 2014 Form 10-K. 7.875% Senior Notes due 2021 On May 28, 2013, the Company issued $175.0 million aggregate principal amount of 7.875% Senior Notes due 2021 (the “Senior Notes”). The Company pays 7.875% interest per annum on the principal amount of the Senior Notes, payable in cash semi-annually Credit Facility On December 19, 2014, the Partnership entered into the Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The Credit Agreement provides for a single revolving credit facility of $180.0 million (the “Credit Facility”) maturing on December 19, 2019. Additionally the Credit Agreement provides for an uncommitted ability to increase the Credit Facility by an additional $70.0 million. The summary of the material terms of the Credit Agreement is set forth below. Capitalized terms, which are not defined in the following description, shall have the meaning assigned to such terms in the Credit Agreement. At September 30, 2015, amounts outstanding under the Credit Facility bore interest at rates of approximately 4.1%. The interest rates on the Credit Facility are calculated as follows: • For Eurodollar Rate Loans, the outstanding principal amount thereof bears interest for each Interest Period at a rate per annum equal to the Eurodollar Rate for the Interest Period plus the Applicable Rate for Eurodollar Rate Loans; and • For Base Rate Loans and Swing Line Loans, the outstanding principal amount thereof bears interest from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for Base Rate Loans. In addition, the Borrowers must pay a Letter of Credit Fee for each Letter of Credit equal to the Applicable Rate for Letter of Credit Fees times the daily amount to be drawn under such Letter of Credit. The Applicable Rate is determined based on the Consolidated Leverage Ratio of the Partnership and its Subsidiaries, and ranges from 2.25% to 4.00% for Eurodollar Rate Loans and Letter of Credit Fees, and 1.25% to 3.00% for Base Rate Loans. The current Applicable Rate for each of: (i) Eurodollar Rate Loans and Letter of Credit Fees is 3.25% and (ii) Base Rate Loans is 2.25% based on the current Consolidated Leverage Ratio. The Credit Agreement also requires the Borrowers to pay a quarterly unused commitment fee, which is calculated based on the amount by which the commitments under the Credit Agreement exceeds the usage of such commitments. The Credit Agreement contains financial covenants, pursuant to which the Borrowers and the Guarantors will not permit: • Consolidated EBITDA for any Measurement Period to be less than the sum of (i) $80.0 million plus (ii) 80% of the aggregate of all Consolidated EBITDA for each Permitted Acquisition completed after June 30, 2014; • the Consolidated Debt Service Coverage Ratio to be less than 2.50 to 1.0 for any Measurement Period; and • the Consolidated Leverage Ratio to be greater than 4.00 to 1.0 for any period. The covenants include, among other limitations, limitations on: (i) liens, (ii) the creation or incurrence of debt, (iii) investments and acquisitions, (iv) dispositions of property, (v) dividends, distributions and redemptions, and (vi) transactions with Affiliates. The Credit Agreement provides that two types of draws are permitted with respect to the Credit Facility: Acquisition Draws and Working Capital Draws. The proceeds of Acquisition Draws may be utilized by the Borrowers to finance Permitted Acquisitions, the purchase and construction of mausoleums and related costs or the net amount of Merchandise Trust deposits made after the Closing Date under the Credit Agreement, irrespective of whether such amounts relate to new or existing cemeteries or funeral homes. The proceeds of Working Capital Draws, Letters of Credit and Swing Line Loans may be utilized by the Borrowers to finance working capital requirements, Capital Expenditures and for other general corporate purposes. The borrowing of Working Capital Advances is subject to a borrowing formula of 85% of Eligible Receivables. This limit was $135.5 million at September 30, 2015. Each Acquisition Draw is subject to equal quarterly amortization of the principal amount of such draw, with annual principal payments comprised of ten percent (10%) of the related draw amount, commencing on the second anniversary of such draw, with the remaining principal due on the Maturity Date, subject to certain mandatory prepayment requirements. Working Capital Draws are due on the Maturity Date, subject to certain mandatory prepayment requirements. Effective July 10, 2015, the Company entered into the First Amendment (the “First Amendment”) to the Credit Agreement to allow the Company to apply Net Cash Proceeds received from certain: (i) Dispositions of property by any Credit Party or any of its Subsidiaries, (ii) sales or issuances of Equity Interests by the Company or any of its Subsidiaries and (iii) Extraordinary Receipts received by or paid to or for the account of any Credit Party or any of its Subsidiaries and not otherwise included in clause (i) and (ii) above that are required to be prepaid to the Lenders, to Acquisition Draws or Working Capital Draws, at the Company’s discretion. Prior to the execution of the First Amendment, the Credit Agreement required that the Net Cash Proceeds from the transactions described above be applied to Acquisition Draws before they could be applied to Working Capital Draws. As of September 30, 2015, there were $113.5 million of outstanding borrowings under the Credit Facility. The Credit Facility approximates fair value as it consists of multiple current LIBOR borrowings with maturities of 90 days or less, with amounts that can be rolled-over or reborrowed at market rates. It is valued using Level 2 inputs. As of September 30, 2015, the Company complied with all applicable financial covenants. The Company routinely incurs debt financing costs and fees when borrowing under, or making amendments to, the Credit Facility. These costs and fees are deferred and are amortized over the life of the Credit Facility.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2015
INCOME TAXES	9. INCOME TAXES As of September 30, 2015, the Company’s taxable corporate subsidiaries had federal net operating loss carryforwards of approximately $223.1 million, which will begin to expire in 2017 and $272.0 million in state net operating loss carryforwards, a portion of which expires annually. The Partnership is not a taxable entity for federal and state income tax purposes; rather, the Partnership’s tax attributes, except those of its corporate subsidiaries, are to be included in the individual tax returns of its partners. Neither the Partnership’s financial reporting income, nor the cash distributions to unit-holders, can be used as a substitute for the detailed tax calculations that the Partnership must perform annually for its partners. Net income from the Partnership is not treated as “passive income” for federal income tax purposes. As a result, partners subject to the passive activity loss rules are not permitted to offset income from the Partnership with passive losses from other sources. The Partnership’s corporate subsidiaries account for their income taxes under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The provision for income taxes for the nine months ended September 30, 2015 and 2014 is based upon the estimated annual effective tax rates expected to be applicable to the Company for 2015 and 2014, respectively. The Company’s effective tax rate differs from its statutory tax rate primarily because the Company’s legal entity structure includes different tax filing entities, including a significant number of partnerships that are not subject to paying tax. The Company is not currently under examination by any federal or state jurisdictions. The federal statute of limitations and certain state statutes of limitations are open from 2011 forward. Management believes that the accrual for tax liabilities is adequate for all open years. This assessment relies on estimates and assumptions and may involve a series of complex judgments about future events. Based on present information, it is the opinion of the Company’s management that there are no pending assessments that will result in a material effect on the Company’s consolidated financial statements over the next twelve months.

DEFERRED CEMETERY REVENUES, NET

DEFERRED CEMETERY REVENUES, NET	9 Months Ended
	Sep. 30, 2015
DEFERRED CEMETERY REVENUES, NET	10. DEFERRED CEMETERY REVENUES, NET At September 30, 2015 and December 31, 2014, deferred cemetery revenues, net, consisted of the following: As of September 30, December 31, (in thousands) Deferred cemetery revenue $ 517,840 $ 456,632 Deferred merchandise trust revenue 128,779 104,717 Deferred merchandise trust unrealized gains (losses) (70,793 ) 2,284 Deferred pre-acquisition margin 140,389 140,378 Deferred cost of goods sold (70,982 ) (60,603 ) Deferred cemetery revenues, net $ 645,233 $ 643,408 Deferred selling and obtaining costs $ 108,754 $ 97,795 Deferred selling and obtaining costs are carried as an asset on the unaudited condensed consolidated balance sheet in accordance with the Financial Services – Insurance topic of ASC 944.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES Legal During the third quarter of 2015, the Company recorded a charge pertaining to a legal settlement of a Fair Labor Standards Act claim. This $3.0 million amount is recorded under “Legal settlement” on the Consolidated Statement of Operations and consists of a charge for the settlement amount and legal fees related to the case. The Company is party to legal proceedings in the ordinary course of its business but does not expect the outcome of any proceedings, individually or in the aggregate, to have a material effect on the Company’s financial position, results of operations or liquidity. Leases At September 30, 2015, the Company was committed to operating lease payments for premises, automobiles and office equipment under various operating leases with initial terms ranging from one to twenty-four years and options to renew at varying terms. Expenses under these operating leases were $0.9 million and $2.4 million for the three and nine months ended September 30, 2015, respectively, and $0.5 million and $1.7 million for the three and nine months ended September 30, 2014, respectively. On June 5, 2015, the Company entered into a lease agreement for a new corporate office location in Trevose, Pennsylvania. The lease term will commence on February 1, 2016 and will expire on July 31, 2028, with certain contractual renewal options. The Company does not expect this new lease to have a significant impact on its cash flows. The operating leases will result in future payments in the following approximate amounts from September 30, 2015 and beyond: (in thousands) 2015 $ 812 2016 3,087 2017 3,292 2018 3,205 2019 2,885 2020 1,691 Thereafter 10,471 Total $ 25,443 Other See Note 13 of the Company’s 2014 Form 10-K for a discussion of the Company’s future commitments related to its agreements with the Archdiocese of Philadelphia.

PARTNERS' CAPITAL

PARTNERS' CAPITAL	9 Months Ended
	Sep. 30, 2015
PARTNERS' CAPITAL	12. PARTNERS’ CAPITAL The table below reflects the activity relating to the number of common units outstanding for the nine months ended September 30, 2015: Nine months ended September 30, 2015 Outstanding, beginning of period 29,203,595 Public offerings 2,415,000 Unit distributions 152,879 Unit-based compensation 7,631 Outstanding, end of period 31,779,105 Unit-Based Compensation The Company has issued to certain key employees, management, and directors unit-based compensation in the form of unit appreciation rights and restricted phantom partnership units. Compensation expense recognized related to unit appreciation rights and restricted phantom unit awards for the three and nine months ended September 30, 2015 and 2014 are summarized in the table below: Three months ended Nine months ended 2015 2014 2015 2014 (in thousands) (in thousands) Unit appreciation rights $ 15 $ 21 $ 55 $ 60 Restricted phantom units 262 244 769 742 Total unit-based compensation expense $ 277 $ 265 $ 824 $ 802 As of September 30, 2015, there was approximately $0.1 million in non-vested unit appreciation rights expense outstanding. These unit appreciation rights will be expensed through 2018. The diluted weighted average number of limited partners’ units outstanding presented on the unaudited condensed consolidated statement of operations does not include 192,482 and 187,640 units for the three and nine months ended September 30, 2015, respectively, and 180,959 and 179,929 units for the three and nine months ended September 30, 2014, as their effects would be anti-dilutive. During the nine months ended September 30, 2015, 7,631 common units were issued under the StoneMor Partners L.P. Long-Term Other Unit Issuances On July 10, 2015, the Company completed a follow-on public offering of 2,415,000 common units at a public offering price of $29.63 per unit. Net proceeds of the offering, after deducting underwriting discounts and offering expenses, were approximately $67.9 million. The proceeds were used to pay down outstanding indebtedness under our Credit Facility. Pursuant to a Common Unit Purchase Agreement, dated May 19, 2014, by and between the Company and American Cemeteries Infrastructure Investors, LLC, a Delaware limited liability company (“ACII”), the Company issued 54,622, 49,911 and 48,346 common units to ACII in lieu of cash distributions of approximately $1.4 million, $1.4 million and $1.5 million on February 16, 2015, May 15, 2015 and August 14, 2015, respectively. Refer to the Company’s 2014 Form 10-K, Note 17, for a detailed discussion of the Common Unit Purchase Agreement.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2015
ACQUISITIONS	13. ACQUISITIONS Third Quarter 2015 Acquisitions On July 21, 2015, certain subsidiaries of the Company (collectively the “Buyer”) entered into an Asset Purchase and Sale Agreement with Gloria Weiss Realty, LLC. (the “Seller”). Pursuant to the Agreement, the Buyer acquired one funeral home in Florida, including certain related assets, and assumed certain related liabilities. In consideration for the net assets acquired, the Buyer paid the Seller $0.9 million in cash. The table below reflects the Company’s preliminary assessment of the fair value of net assets acquired and the resulting goodwill from purchase. These amounts may be retrospectively adjusted as additional information is received. The acquired goodwill is recorded in the Company’s Funeral Homes operating segment. Preliminary (in thousands) Assets: Accounts receivable $ 313 Property and equipment 24 Merchandise trusts, restricted, at fair value 1,211 Total assets 1,548 Liabilities: Deferred margin 200 Merchandise liabilities 1,424 Total liabilities 1,624 Fair value of net assets acquired (76 ) Consideration paid 900 Goodwill from purchase $ 976 On August 6, 2015, certain subsidiaries of the Company (collectively the “Buyer”) entered into an Asset Purchase and Sale Agreement with Herr Funeral Homes, LTD and Sunset Hill Memorial Estates, LTD. (the “Sellers”). Pursuant to the Agreement, the Buyer acquired three funeral homes and one cemetery in Illinois, including certain related assets, and assumed certain related liabilities. In consideration for the net assets acquired, the Buyer paid the Sellers $5.7 million in cash. The table below reflects the Company’s preliminary assessment of the fair value of net assets acquired and the resulting gain on bargain purchase. These amounts may be retrospectively adjusted as additional information is received. Preliminary (in thousands) Assets: Accounts receivable $ 62 Cemetery and funeral home property 3,180 Property and equipment 2,317 Merchandise trusts, restricted, at fair value 511 Perpetual care trusts, restricted, at fair value 2,032 Intangible assets 150 Total assets 8,252 Liabilities: Deferred margin 139 Merchandise liabilities 128 Perpetual care trust corpus 2,032 Total liabilities 2,299 Fair value of net assets acquired 5,953 Consideration paid 5,700 Gain on bargain purchase $ 253 On August 20, 2015, certain subsidiaries of the Company (collectively the “Buyer”) entered into an Asset Purchase and Sale Agreement with Bronze Stone, LLC (the “Seller”). Pursuant to the Agreement, the Buyer acquired two cemeteries in Illinois, including certain related assets, and assumed certain related liabilities. In consideration for the net assets acquired, the Buyer paid the Seller $1.5 million in cash. The table below reflects the Company’s preliminary assessment of the fair value of net assets acquired and the resulting gain on bargain purchase. These amounts may be retrospectively adjusted as additional information is received. Preliminary (in thousands) Assets: Accounts receivable $ 158 Cemetery property 1,355 Property and equipment 400 Merchandise trusts, restricted, at fair value 1,999 Perpetual care trusts, restricted, at fair value 1,541 Intangible assets 33 Total assets 5,486 Liabilities: Deferred margin 602 Merchandise liabilities 556 Perpetual care trust corpus 1,541 Total liabilities 2,699 Fair value of net assets acquired 2,787 Consideration paid 1,500 Gain on bargain purchase $ 1,287 On August 31, 2015, certain subsidiaries of the Company (collectively the “Buyer”) entered into an Asset Purchase and Sale Agreement with Vista Funeral Home, Inc. (the “Seller”). Pursuant to the Agreement, the Buyer acquired one funeral home in Florida, including certain related assets, and assumed certain related liabilities. In consideration for the net assets acquired, the Buyer paid the Seller $5.0 million in cash and an additional $1.0 million will be paid in five equal annual installments. The Company has recorded the deferred cash payment as a liability to “Other long-term liabilities” on its balance sheet at its estimated fair value of $0.9 million. The table below reflects the Company’s preliminary assessment of the fair value of net assets acquired and the resulting goodwill from purchase. These amounts may be retrospectively adjusted as additional information is received. The acquired goodwill is recorded in the Company’s Funeral Homes operating segment. Preliminary (in thousands) Assets: Accounts receivable $ 1,961 Funeral home property 600 Property and equipment 1,464 Merchandise trusts, restricted, at fair value 8,380 Intangible assets 143 Other assets 56 Total assets 12,604 Liabilities: Deferred margin 2,275 Merchandise liabilities 8,689 Total liabilities 10,964 Fair value of net assets acquired 1,640 Consideration paid 5,000 Deferred cash consideration 876 Goodwill from purchase $ 4,236 First Quarter 2014 Acquisition On January 16, 2014, certain subsidiaries of the Company (collectively the “Buyer”) entered into an Asset Purchase and Sale Agreement with Carriage Cemetery Services, Inc. (the “Seller”). Pursuant to the Agreement, the Buyer acquired one cemetery in Florida, including certain related assets, and assumed certain related liabilities. In consideration for the net assets acquired, the Buyer paid the Seller $0.2 million in cash. The table below reflects the Company’s final assessment of the fair value of net assets acquired and the resulting gain on bargain purchase. Final (in thousands) Assets: Accounts receivable $ 47 Cemetery property 470 Property and equipment 140 Merchandise trusts, restricted, at fair value 2,607 Perpetual care trusts, restricted, at fair value 691 Total assets 3,955 Liabilities: Deferred margin 1,035 Merchandise liabilities 956 Deferred tax liability 641 Perpetual care trust corpus 691 Other liabilities 20 Total liabilities 3,343 Fair value of net assets acquired 612 Consideration paid 200 Gain on bargain purchase $ 412 Second Quarter 2014 Acquisition On June 10, 2014, certain subsidiaries of the Company (collectively the “Buyers”) closed the transaction under the Asset Sale Agreements (the “Agreements”), with certain subsidiaries of Service Corporation International (collectively the “Sellers”) to acquire nine funeral homes, twelve cemeteries and certain related assets in Central Florida, North Carolina, Southeastern Pennsylvania and Virginia. In consideration for the net assets acquired, the Buyers paid the Sellers $53.8 million in cash. The Company recorded an intangible asset of $1.2 million for a favorable interest in a lease at one of the acquired North Carolina funeral home businesses. This asset will be amortized over the full remaining term of the lease agreement, which is approximately 36 years, with renewals. This asset was previously reported as a component of “Other assets” on the consolidated balance sheet. The table below reflects the Company’s final assessment of the fair value of net assets acquired and the resulting goodwill from purchase. There was no change to the amounts retrospectively adjusted in the fourth quarter of 2014. The Company acquired goodwill of $2.8 million, $3.3 million and $2.4 million in the Company’s Cemetery Operations—Southeast, Cemetery Operations—Northeast and Funeral Homes operating segments, respectively. Final (in thousands) Assets: Accounts receivable $ 6,188 Cemetery property 26,029 Property and equipment 15,776 Merchandise trusts, restricted, at fair value 31,534 Perpetual care trusts, restricted, at fair value 16,913 Intangible assets 1,170 Other assets 178 Total assets 97,788 Liabilities: Deferred margin 13,570 Merchandise liabilities 19,905 Deferred tax liability 2,010 Perpetual care trust corpus 16,913 Other liabilities 63 Total liabilities 52,461 Fair value of net assets acquired 45,327 Consideration paid 53,800 Goodwill from purchase $ 8,473 Agreements with the Archdiocese of Philadelphia On May 28, 2014, certain subsidiaries of the Company (“Tenant”) and the Archdiocese of Philadelphia, an archdiocese governed by Canon Law of the Roman Catholic Church (“Landlord”) closed a Lease Agreement (the “Lease”) and a Management Agreement (the “Management Agreement”), pursuant to which Tenant will operate 13 cemeteries in Pennsylvania for a term of 60 years. The Company joined the Lease and the Management Agreement as a guarantor of all of Tenant’s obligations under this operating arrangement. Landlord agreed to lease to Tenant eight cemetery sites in the Philadelphia area. The Lease granted Tenant a sole and exclusive license (the “License”) to maintain and construct improvements in the operation of the cemeteries and to sell burial rights and all related merchandise and services, subject to the terms and conditions of the Lease. The Management Agreement enabled Tenant, subject to certain closing conditions, to serve as the exclusive operator of the remaining five cemeteries. The Lease may be terminated pursuant to the terms of the Lease, including, but not limited to, by notice of termination given by Landlord to Tenant at any time during Lease year 11 (a “Lease Year 11 Termination”) or by either party due to the default or bankruptcy of the other party in accordance with the termination provisions of the Lease. If the Lease is terminated by Landlord or Tenant pursuant to the terms of the Lease, the Management Agreement will also be terminated. At closing, Tenant paid to Landlord an up-front rental payment of $53.0 million (the “Up-Front Rent”). Tenant shall also pay to Landlord aggregate fixed rent of $36.0 million (the “Fixed Rent”) for the Cemeteries in the following amounts: Lease Years 1-5 None Lease Years 6-20 $1,000,000 per Lease Year Lease Years 21-25 $1,200,000 per Lease Year Lease Years 26-35 $1,500,000 per Lease Year Lease Years 36-60 None The Fixed Rent for Lease Years 6 through 11 (the “Deferred Fixed Rent”) shall be deferred. If Landlord terminates the Lease pursuant to a Lease Year 11 Termination or Tenant terminates the Lease as a result of a Landlord’s default prior to the end of Lease Year 11 (collectively, a “Covered Termination”), the Deferred Fixed Rent shall be forfeited by Landlord and shall be retained by Tenant. If the Lease is not terminated by a Covered Termination, the Deferred Fixed Rent shall become due and payable 30 days after the end of Lease Year 11. If Landlord terminates the Lease pursuant to a Lease Year 11 Termination, Landlord must repay to Tenant all $53.0 million of the Up-Front Rent. If the Lease is terminated for cause at any time, Landlord must repay to Tenant the unamortized portion of the Up-Front Rent: (i) based on a 60 year amortization schedule if terminated by Tenant due to Landlord’s default and (ii) based on a 30 year amortization schedule if terminated by Landlord due to Tenant’s default. Generally, 51% of gross revenues from any source received by Tenant on account of the Cemeteries but unrelated to customary operations of the Cemeteries less Tenant’s and Landlord’s reasonable costs and expenses applicable to such unrelated activity shall be paid to Landlord as additional rent. In addition, Tenant shall have the right to request from time to time that Landlord sell (to a party that is independent and not an affiliate of StoneMor or any party that is a Tenant) all or portions of undeveloped land at the leased Cemeteries. If Landlord approves the sale of such undeveloped land, Tenant shall pay to Landlord, as additional rent, 51% of the net proceeds of any such sale. The table below reflects the assets and liabilities recognized: (in thousands) Assets: Accounts receivable $ 1,610 Intangible asset 59,758 Total assets 61,368 Liabilities: Obligation for lease and management agreements 36,000 Discount on obligation for lease and management agreements (27,632 ) Obligation for lease and management agreements, net 8,368 Total liabilities 8,368 Total net assets $ 53,000 The Company recorded the underlying value of the Lease and Management Agreements as a contract-based intangible asset at the present value of the consideration, less the fair value of net assets received, consisting of acquired accounts receivable. A liability of $8.4 million was also recorded for the present value of the Fixed Rent, which is equal to the $36.0 million gross amount due to the Archdiocese of Philadelphia in the future, net of a discount $27.6 million. The discounted values were determined using an effective annual rate of 8.3%, which represents an estimate of the return an investor would require to make this type of investment in the Company over the rent payment period. If the transactions noted above had been consummated at the beginning of the comparable prior annual reporting period, on a pro forma basis, for the three and nine months ended September 30, 2015 and 2014, consolidated revenues, consolidated net income (loss), and net income (loss) per limited partner unit (basic and diluted) would have been as follows: Three months ended Nine months ended 2015 2014 2015 2014 (in thousands, except per unit data) Revenue $ 78,972 $ 79,576 $ 229,971 $ 231,752 Net income (loss) (4,606 ) (2,770 ) (17,358 ) 393 Net income (loss) per limited partner unit (basic and diluted) $ (.14 ) $ (.09 ) $ (.57 ) $ .01 These pro forma results are unaudited, have been prepared for comparative purposes only, and may include certain adjustments such as increased interest on the acquisition of debt, changes in the timing of financing events and the recognition of gains on acquisitions. They do not purport to be indicative of the results of operations which actually would have resulted had these transactions been in effect at the beginning of the comparable prior annual reporting period or of future results of operations of the location. The properties acquired in 2015 have contributed $0.6 million of revenue and $0.2 million of operating profit for the three and nine months ended September 30, 2015, respectively. The properties above that were acquired in 2014 contributed $10.8 million and $31.6 million of revenue, for the three and nine months ended September 30, 2015, respectively, and $1.8 million and $4.8 million of operating profit for the three and nine months ended September 30, 2015. The properties contributed $8.0 million and $10.3 million of revenue, for the three and nine months ended September 30, 2014, respectively, and $0.4 million of operating profit for both the three and nine months ended September 30, 2014. Other 2014 Acquisitions See Note 13 of the Company’s 2014 Form 10-K for a discussion of the Company’s other 2014 acquisitions. There have been no changes during the period to assessments of the fair value of net assets acquired in the other 2014 acquisitions. Those amounts may be retrospectively adjusted as additional information is received.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2015
SEGMENT INFORMATION	14. SEGMENT INFORMATION The Company is organized into five distinct reportable segments, which are classified as Cemetery Operations – Southeast, Cemetery Operations – Northeast, Cemetery Operations – West, Funeral Homes, and Corporate. The Company has chosen this level of organization of reportable segments due to the fact that a) each reportable segment has unique characteristics that set it apart from other segments; b) the Company has organized its management personnel at these operational levels; and c) it is the level at which the Company’s chief decision makers and other senior management evaluate performance. The cemetery operations segments sell interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. The nature of the Company’s customers differs in each of its regionally based cemetery operating segments. Cremation rates in the West region are substantially higher than they are in the Southeast region. Rates in the Northeast region tend to be somewhere between the two. Statistics indicate that customers who select cremation services have certain attributes that differ from customers who select other methods of interment. The disaggregation of cemetery operations into the three distinct regional segments is primarily due to these differences in customer attributes along with the previously mentioned management structure and senior management analysis methodologies. The Company’s Funeral Homes segment offers a range of funeral-related services such as family consultation, the removal of and preparation of remains and the use of funeral home facilities for visitation. These services are distinctly different than the cemetery merchandise and services sold and provided by the cemetery operations segments. The Company’s Corporate segment includes various home office selling and administrative expenses that are not allocable to the other operating segments. Segment information is as follows: As of and for the three months ended September 30, 2015: Cemeteries Funeral Southeast Northeast West Homes Corporate Adjustment Total (in thousands) Revenues Sales $ 26,264 $ 15,475 $ 12,628 $ — $ — $ (15,622 ) $ 38,745 Service and other 9,838 9,249 6,267 — — (141 ) 25,213 Funeral home — — — 17,077 — (2,835 ) 14,242 Total revenues 36,102 24,724 18,895 17,077 — (18,598 ) 78,200 Costs and expenses Cost of sales 5,690 3,318 2,324 — — (2,604 ) 8,728 Cemetery 7,534 6,608 4,103 — — — 18,245 Selling 8,471 4,931 3,940 — 692 (3,387 ) 14,647 General and administrative 4,629 2,616 1,574 — — — 8,819 Corporate overhead — — — — 8,152 — 8,152 Depreciation and amortization 833 639 461 780 598 — 3,311 Funeral home — — — 11,625 — (417 ) 11,208 Acquisition related costs, net of recoveries — — — — 963 — 963 Total costs and expenses 27,157 18,112 12,402 12,405 10,405 (6,408 ) 74,073 Operating profit (loss) $ 8,945 $ 6,612 $ 6,493 $ 4,672 $ (10,405 ) $ (12,190 ) $ 4,127 Total assets $ 622,820 $ 419,729 $ 427,419 $ 185,712 $ 26,020 $ — $ 1,681,700 Amortization of cemetery property $ 1,457 $ 1,131 $ 322 $ — $ — $ (697 ) $ 2,213 Long lived asset additions $ 2,206 $ 502 $ 5,871 $ 4,388 $ 595 $ — $ 13,562 Goodwill $ 8,950 $ 3,288 $ 11,948 $ 39,862 $ — $ — $ 64,048 As of and for the nine months ended September 30, 2015: Cemeteries Funeral Southeast Northeast West Homes Corporate Adjustment Total (in thousands) Revenues Sales $ 78,128 $ 44,024 $ 36,809 $ — $ — $ (50,567 ) $ 108,394 Service and other 34,370 29,438 25,322 — — (14,078 ) 75,052 Funeral home — — — 50,226 — (7,230 ) 42,996 Total revenues 112,498 73,462 62,131 50,226 — (71,875 ) 226,442 Costs and expenses Cost of sales 17,332 9,221 7,045 — — (7,980 ) 25,618 Cemetery 22,518 19,378 11,893 — — — 53,789 Selling 26,552 15,368 12,382 — 1,974 (11,950 ) 44,326 General and administrative 13,921 7,731 5,688 — — — 27,340 Corporate overhead — — — — 26,979 — 26,979 Depreciation and amortization 2,443 1,883 1,417 2,381 1,083 — 9,207 Funeral home — — — 36,911 — (1,404 ) 35,507 Acquisition related costs, net of recoveries — — — — 1,648 — 1,648 Total costs and expenses 82,766 53,581 38,425 39,292 31,684 (21,334 ) 224,414 Operating profit (loss) $ 29,732 $ 19,881 $ 23,706 $ 10,934 $ (31,684 ) $ (50,541 ) $ 2,028 Total assets $ 622,820 $ 419,729 $ 427,419 $ 185,712 $ 26,020 $ — $ 1,681,700 Amortization of cemetery property $ 4,059 $ 2,385 $ 1,062 $ — $ — $ (1,366 ) $ 6,140 Long lived asset additions $ 6,451 $ 2,272 $ 6,804 $ 4,859 $ 780 $ — $ 21,166 Goodwill $ 8,950 $ 3,288 $ 11,948 $ 39,862 $ — $ — $ 64,048 As of and for the three months ended September 30, 2014: Cemeteries Funeral Homes Southeast Northeast West Corporate Adjustment Total (in thousands) Revenues Sales $ 22,653 $ 13,228 $ 11,512 $ — $ — $ (4,719 ) $ 42,674 Service and other 10,097 11,040 8,633 — — (6,509 ) 23,261 Funeral home — — — 14,457 — (2,218 ) 12,239 Total revenues 32,750 24,268 20,145 14,457 — (13,446 ) 78,174 Costs and expenses Cost of sales 4,828 2,555 2,167 — — (488 ) 9,062 Cemetery 7,533 6,576 3,967 — — — 18,076 Selling 8,173 4,572 4,001 — 631 (883 ) 16,494 General and administrative 4,343 2,132 3,333 — — — 9,808 Corporate overhead — — — — 8,392 — 8,392 Depreciation and amortization 800 670 539 867 236 — 3,112 Funeral home — — — 10,674 — (315 ) 10,359 Acquisition related costs, net of recoveries — — — — 451 — 451 Total costs and expenses 25,677 16,505 14,007 11,541 9,710 (1,686 ) 75,754 Operating profit (loss) $ 7,073 $ 7,763 $ 6,138 $ 2,916 $ (9,710 ) $ (11,760 ) $ 2,420 Total assets $ 636,192 $ 423,434 $ 448,732 $ 163,762 $ 40,677 $ — $ 1,712,797 Amortization of cemetery property $ 1,035 $ 341 $ 435 $ — $ — $ 168 $ 1,979 Long lived asset additions $ 1,950 $ 1,205 $ 906 $ 203 $ 183 $ — $ 4,447 Goodwill $ 8,949 $ 3,288 $ 11,948 $ 33,025 $ — $ — $ 57,210 As of and for the nine months ended September 30, 2014: Cemeteries Funeral Homes Southeast Northeast West Corporate Adjustment Total (in thousands) Revenues Sales $ 69,319 $ 31,583 $ 35,211 $ — $ — $ (26,605 ) $ 109,508 Service and other 31,085 29,529 26,768 — — (18,260 ) 69,122 Funeral home — — — 40,777 — (5,313 ) 35,464 Total revenues 100,404 61,112 61,979 40,777 — (50,178 ) 214,094 Costs and expenses Cost of sales 15,045 6,576 7,686 — — (4,091 ) 25,216 Cemetery 21,057 14,499 11,990 — — — 47,546 Selling 24,019 11,443 11,462 — 1,480 (5,860 ) 42,544 General and administrative 13,053 5,533 7,747 — — — 26,333 Corporate overhead — — — — 22,394 — 22,394 Depreciation and amortization 2,094 1,244 1,593 2,346 716 — 7,993 Funeral home — — — 29,813 — (732 ) 29,081 Acquisition related costs, net of recoveries — — — — 2,040 — 2,040 Total costs and expenses 75,268 39,295 40,478 32,159 26,630 (10,683 ) 203,147 Operating profit (loss) $ 25,136 $ 21,817 $ 21,501 $ 8,618 $ (26,630 ) $ (39,495 ) $ 10,947 Total assets $ 636,192 $ 423,434 $ 448,732 $ 163,762 $ 40,677 $ — $ 1,712,797 Amortization of cemetery property $ 3,499 $ 1,762 $ 2,237 $ — $ — $ (414 ) $ 7,084 Long lived asset additions $ 28,470 $ 72,515 $ 3,350 $ 9,024 $ 443 $ — $ 113,802 Goodwill $ 8,949 $ 3,288 $ 11,948 $ 33,025 $ — $ — $ 57,210 Results of individual operating segments are presented based on our management accounting practices and management structure. There is no comprehensive, authoritative body of guidance for management accounting equivalent to GAAP; therefore, the financial results of individual operating segments are not necessarily comparable with similar information for any other company. The management accounting process uses assumptions and allocations to measure performance of the operating segments. Methodologies are refined from time to time as management accounting practices are enhanced and businesses change. Revenues and associated expenses are not deferred in accordance with SAB No. 104; therefore, the deferral of these revenues and expenses is provided in the adjustment column to reconcile the Company’s managerial financial statements to those prepared in accordance with GAAP. Pre-need sales revenues included within the sales category consist primarily of the sale of burial lots, burial vaults, mausoleum crypts, grave markers and memorials, and caskets. Management accounting practices included in the Southeast, Northeast, and Western Regions reflect these pre-need sales when contracts are signed by the customer and accepted by the Company. Pre-need sales reflected in the unaudited condensed consolidated financial statements, prepared in accordance with GAAP, recognize revenues for the sale of burial lots and mausoleum crypts when the product is constructed and at least 10% of the sales price is collected. With respect to the other products, the unaudited condensed consolidated financial statements prepared under GAAP recognize sales revenues when the criteria for delivery under SAB No. 104 are met. These criteria include, among other things, purchase of the product, delivery and installation of the product in the ground, and transfer of title to the customer. In each case, costs are accrued in connection with the recognition of revenues; therefore, the unaudited condensed consolidated financial statements reflect Deferred Cemetery Revenue, Net, and Deferred Selling and Obtaining Costs on the unaudited condensed consolidated balance sheet, whereas the Company’s management accounting practices exclude these items.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENTS	15. FAIR VALUE MEASUREMENTS The Fair Value Measurements and Disclosures topic of the ASC defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. This topic also establishes a fair value hierarchy that gives the highest priority to observable inputs and the lowest priority to unobservable inputs. The three levels of the fair value hierarchy defined by this topic are described below. Level 1: Quoted market prices available in active markets for identical assets or liabilities. The Company includes short-term investments, consisting primarily of money market funds, U.S. Government debt securities and publicly traded equity securities and mutual funds in its level 1 investments. Level 2: Quoted prices in active markets for similar assets; quoted prices in non-active markets for identical or similar assets; inputs other than quoted prices that are observable. The Company includes U.S. state and municipal, corporate and other fixed income debt securities in its level 2 investments. Level 3: Any and all pricing inputs that are generally unobservable and not corroborated by market data. On the Company’s unaudited condensed consolidated balance sheet, current assets, long-term accounts receivable and current liabilities are recorded at amounts that approximate fair value. The following table displays the Company’s assets measured at fair value as of September 30, 2015 and December 31, 2014. As of September 30, 2015 Merchandise Trust Level 1 Level 2 Total (in thousands) Assets Short-term investments $ 27,125 $ — $ 27,125 Fixed maturities: U.S. state and local government agency — 91 91 Corporate debt securities — 11,695 11,695 Other debt securities — 7,168 7,168 Total fixed maturity investments — 18,954 18,954 Mutual funds - debt securities 232,239 — 232,239 Mutual funds - equity securities - real estate sector 17,366 — 17,366 Mutual funds - equity securities - energy sector 8,279 — 8,279 Mutual funds - equity securities - MLP’s 13,899 — 13,899 Mutual funds - equity securities - other 78,714 — 78,714 Equity securities: Master limited partnerships 18,382 — 18,382 Global equity securities 27,331 — 27,331 Other invested assets — 7,198 7,198 Total $ 423,335 $ 26,152 $ 449,487 Perpetual Care Trust Level 1 Level 2 Total (in thousands) Assets Short-term investments $ 14,455 $ — $ 14,455 Fixed maturities: U.S. government and federal agency 113 — 113 U.S. state and local government agency — 27 27 Corporate debt securities — 22,677 22,677 Other debt securities — 371 371 Total fixed maturity investments 113 23,075 23,188 Mutual funds - debt securities 210,337 — 210,337 Mutual funds - equity securities - real estate sector 15,616 — 15,616 Mutual funds - equity securities - energy sector 13,246 — 13,246 Mutual funds - equity securities - MLP’s 26,432 — 26,432 Mutual funds - equity securities - other 6,000 — 6,000 Equity securities: Master limited partnerships 1,268 — 1,268 Global equity securities 1,019 — 1,019 Other invested assets — 220 220 Total $ 288,486 $ 23,295 $ 311,781 As of December 31, 2014 Merchandise Trust Level 1 Level 2 Total (in thousands) Assets Short-term investments $ 52,521 $ — $ 52,521 Fixed maturities: U.S. state and local government agency — 269 269 Corporate debt securities — 8,976 8,976 Other debt securities — 7,139 7,139 Total fixed maturity investments — 16,384 16,384 Mutual funds - debt securities 142,680 — 142,680 Mutual funds - equity securities - real estate sector 58,672 — 58,672 Mutual funds - equity securities - energy sector 7,733 — 7,733 Mutual funds - equity securities - MLP’s 22,927 — 22,927 Mutual funds - equity securities - other 90,126 — 90,126 Equity securities: Master limited partnerships 50,091 — 50,091 Global equity securities 30,208 — 30,208 Other invested assets — 5,159 5,159 Total $ 454,958 $ 21,543 $ 476,501 Perpetual Care Trust Level 1 Level 2 Total (in thousands) Assets Short-term investments $ 26,644 $ — $ 26,644 Fixed maturities: U.S. government and federal agency 116 — 116 U.S. state and local government agency — 79 79 Corporate debt securities — 23,466 23,466 Other debt securities — 371 371 Total fixed maturity investments 116 23,916 24,032 Mutual funds - debt securities 123,894 — 123,894 Mutual funds - equity securities - real estate sector 41,753 — 41,753 Mutual funds - equity securities - energy sector 14,829 — 14,829 Mutual funds - equity securities - MLP’s 43,596 — 43,596 Mutual funds - equity securities - other 25,258 — 25,258 Equity securities: Master limited partnerships 43,207 — 43,207 Global equity securities 1,867 — 1,867 Other invested assets — 25 25 Total $ 321,164 $ 23,941 $ 345,105 Level 1 securities primarily consist of actively publicly traded money market funds, mutual funds and equity securities. Level 2 securities primarily consist of corporate and other fixed income debt securities. The Company obtains pricing information for these securities from an independent pricing vendor. The pricing vendor uses various pricing models for each asset class that are consistent with what other market participants would use. The inputs and assumptions to the pricing vendor’s model are derived from market observable sources including benchmark yields, reported trades, broker/dealer quotes, issuer spreads, benchmark securities, bids, offers, and other market-related data. Since many fixed income securities do not trade on a daily basis, the pricing vendor uses available information as applicable such as benchmark curves, benchmarking of like securities, sector groupings, and matrix pricing. Thus, certain securities may not be priced using quoted prices, but rather determined from market observable information. These investments are included in Level 2. The Company reviews the information provided by the pricing vendor on a regular basis. In addition, the pricing vendor has an established process in place for the identification and resolution of potentially erroneous prices. There were no level 3 assets.

NATURE OF OPERATIONS, BASIS O23

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Nature of Operations	Nature of Operations StoneMor Partners L.P. (“StoneMor”, the “Company” or the “Partnership”) is a provider of funeral and cemetery products and services in the death care industry in the United States. Through its subsidiaries, StoneMor offers a complete range of funeral merchandise and services, along with cemetery property, merchandise and services, both at the time of need and on a pre-need basis. As of September 30, 2015, the Partnership operated 306 cemeteries in 27 states and Puerto Rico, of which 275 are owned and 31 are operated under lease, management or operating agreements. The Partnership also owned and operated 103 funeral homes in 19 states and Puerto Rico.
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements included in this Quarterly Report on Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All interim financial data is unaudited. However, in the opinion of management, the interim financial data as of September 30, 2015 and for the three and nine months ended September 30, 2015 and 2014 includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The results of operations for interim periods are not necessarily indicative of the results of operations to be expected for a full year. The December 31, 2014 condensed consolidated balance sheet data was derived from audited financial statements included in the Company’s 2014 Annual Report on Form 10-K (“2014 Form 10-K”), but does not include all disclosures required by GAAP, which are presented in the Company’s 2014 Form 10-K.
Principles of Consolidation	Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of each of the Company’s subsidiaries. These statements also include the accounts of the merchandise and perpetual care trusts in which the Company has a variable interest and is the primary beneficiary. The Company operates 31 cemeteries under long-term lease, operating or management contracts. The operations of 16 of these managed cemeteries have been consolidated in accordance with the provisions of Accounting Standards Codification (ASC) 810. The Company operates 15 cemeteries under long-term lease, operating or management agreements that do not qualify as acquisitions for accounting purposes, including 13 cemeteries related to the transaction with the Archdiocese of Philadelphia that closed in the second quarter of 2014. As a result, the Company did not consolidate all of the existing assets and liabilities related to these cemeteries. The Company has consolidated the existing assets and liabilities of these cemeteries’ merchandise and perpetual care trusts as variable interest entities since the Company controls and receives the benefits and absorbs any losses from operating these trusts. Under these long-term lease, operating or management agreements, which are subject to certain termination provisions, the Company is the exclusive operator of these cemeteries. The Company earns revenues related to sales of merchandise, services, and interment rights and incurs expenses related to such sales and the maintenance and upkeep of these cemeteries. Upon termination of these contracts, the Company will retain all of the benefits and related contractual obligations incurred from sales generated during the contract period. The Company has also recognized the existing merchandise liabilities that it assumed as part of these agreements.
New Accounting Pronouncements	New Accounting Pronouncements In the second quarter of 2014, the Financial Accounting Standards Board issued Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which supersedes the revenue recognition requirements in “Topic 605 - Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. During the third quarter of 2015, Update No. 2015-14, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2015-14”) was released, deferring the effective date of the amendments to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted, only as of an annual reporting period beginning after December 15, 2016. The Company is currently in the process of evaluating the potential impact of these updates on its financial statements. In the first quarter of 2015, the Financial Accounting Standards Board issued Update No. 2015-02, “Consolidation (Topic 810)” (“ASU 2015-02”), which amends previous consolidation analysis guidance. ASU 2015-02 requires companies to consider revised consolidation criteria regarding limited partnerships and similar legal entities. The amendments are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early application is permitted. The Company has evaluated the impact of this update, concluding that it will not have an impact on the Company’s financial position, results of operations, or cash flows. In the second quarter of 2015, the Financial Accounting Standards Board issued Update No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”), which changes the presentation of debt issuance costs. During the third quarter of 2015, Update No. 2015-15, “Interest - Imputation of Interest (Subtopic 835-30) (“ASU 2015-15”) was released clarifying the treatment of debt issuance costs associated with line-of-credit arrangements. ASU 2015-03 In the third quarter of 2015, the Financial Accounting Standards Board issued Update No. 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments” (“ASU 2015-16”). ASU 2015-16 requires that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments are effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is currently in the process of evaluating the potential impact of this update on its financial statements.
Use of Estimates	Use of Estimates Preparation of these unaudited condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expense during the reporting periods. As a result, actual results could differ from those estimates. The most significant estimates in the unaudited condensed consolidated financial statements are the valuation of assets in the merchandise trusts and perpetual care trusts, allowance for cancellations, unit-based compensation, merchandise liability, deferred sales revenue, deferred margin, deferred merchandise trust investment earnings, deferred obtaining costs, assets and liabilities obtained via business combinations and income taxes. Deferred sales revenue, deferred margin and deferred merchandise trust investment earnings are included in deferred cemetery revenues, net, on the unaudited condensed consolidated balance sheet.

LONG-TERM ACCOUNTS RECEIVABLE24

LONG-TERM ACCOUNTS RECEIVABLE, NET OF ALLOWANCE (Tables)	9 Months Ended
	Sep. 30, 2015
Long-Term Accounts Receivable, Net	Long-term accounts receivable, net, consists of the following: As of September 30, December 31, (in thousands) Customer receivables $ 203,200 $ 194,537 Unearned finance income (20,125 ) (20,360 ) Allowance for contract cancellations (23,703 ) (22,138 ) 159,372 152,039 Less: current portion, net of allowance 66,099 62,503 Long-term portion, net of allowance $ 93,273 $ 89,536
Activity in Allowance for Contract Cancellations	Activity in the allowance for contract cancellations is as follows: For the nine months ended September 30, 2015 2014 (in thousands) Balance - Beginning of period $ 22,138 $ 20,275 Provision for cancellations 19,054 17,080 Charge-offs - net (17,489 ) (13,610 ) Balance - End of period $ 23,703 $ 23,745

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2015
Property and Equipment	Major classes of property and equipment follow: As of September 30, December 31, (in thousands) Building and improvements $ 114,673 $ 108,178 Furniture and equipment 51,947 49,290 166,620 157,468 Less: accumulated depreciation (63,949 ) (57,077 ) Property and equipment - net $ 102,671 $ 100,391
Cemetery property
Property and Equipment	Cemetery property consists of the following: As of September 30, December 31, (in thousands) Developed land $ 82,048 $ 79,058 Undeveloped land 172,610 172,238 Mausoleum crypts and lawn crypts 78,879 78,524 Other land 11,125 10,028 Total $ 344,662 $ 339,848

PERPETUAL CARE TRUSTS (Tables)

PERPETUAL CARE TRUSTS (Tables) - Variable Interest Entity, Primary Beneficiary	9 Months Ended
	Sep. 30, 2015
Merchandise Trusts
Cost and Market Value Associated with Assets Held in Trusts	The cost and market value associated with the assets held in the merchandise trusts at September 30, 2015 and December 31, 2014 were as follows: As of September 30, 2015 Cost Gross Gross Fair Value (in thousands) Short-term investments $ 27,125 $ — $ — $ 27,125 Fixed maturities: U.S. State and local government agency 81 10 — 91 Corporate debt securities 12,550 25 (880 ) 11,695 Other debt securities 7,177 — (9 ) 7,168 Total fixed maturities 19,808 35 (889 ) 18,954 Mutual funds - debt securities 260,872 33 (28,666 ) 232,239 Mutual funds - equity securities 145,260 9 (27,011 ) 118,258 Equity securities 60,169 340 (14,796 ) 45,713 Other invested assets 7,046 152 — 7,198 Total managed investments $ 520,280 $ 569 $ (71,362 ) $ 449,487 Assets acquired via acquisition 1,722 — — 1,722 West Virginia Trust Receivable 8,111 — — 8,111 Total $ 530,113 $ 569 $ (71,362 ) $ 459,320 As of December 31, 2014 Cost Gross Gross Fair Value (in thousands) Short-term investments $ 52,521 $ — $ — $ 52,521 Fixed maturities: U.S. State and local government agency 270 — (1 ) 269 Corporate debt securities 9,400 23 (447 ) 8,976 Other debt securities 7,157 — (18 ) 7,139 Total fixed maturities 16,827 23 (466 ) 16,384 Mutual funds - debt securities 150,477 869 (8,666 ) 142,680 Mutual funds - equity securities 167,353 12,568 (463 ) 179,458 Equity securities 81,639 4,167 (5,507 ) 80,299 Other invested assets 5,400 — (241 ) 5,159 Total managed investments $ 474,217 $ 17,627 $ (15,343 ) $ 476,501 West Virginia Trust Receivable 8,319 — — 8,319 Total $ 482,536 $ 17,627 $ (15,343 ) $ 484,820
Contractual Maturities of Debt Securities Held in Trusts	The contractual maturities of debt securities as of September 30, 2015 are presented below: As of September 30, 2015 Less than 1 year through 6 years through More than (in thousands) U.S. State and local government agency $ — $ 44 $ 45 $ 2 Corporate debt securities — 8,290 3,405 — Other debt securities 2,136 5,032 — — Total fixed maturities $ 2,136 $ 13,366 $ 3,450 $ 2
Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Trusts	An aging of unrealized losses on the Company’s investments in fixed maturities and equity securities at September 30, 2015 and December 31, 2014 is presented below: Less than 12 months 12 Months or more Total Number of Securities in As of September 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands, except number of securities data) Fixed maturities: Corporate debt securities $ 6,277 $ 254 $ 4,641 $ 626 $ 10,918 $ 880 64 Other debt securities 160 — 6,374 9 6,534 9 11 Total fixed maturities 6,437 254 11,015 635 17,452 889 75 Mutual funds - debt securities 20,308 1,896 208,471 26,770 228,779 28,666 45 Mutual funds - equity securities 105,814 24,292 12,382 2,719 118,196 27,011 9 Equity securities 22,291 5,088 20,096 9,708 42,387 14,796 89 Total $ 154,850 $ 31,530 $ 251,964 $ 39,832 $ 406,814 $ 71,362 218 Less than 12 months 12 Months or more Total Number of Securities in Loss Position As of December 31, 2014 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (in thousands, except number of securities data) Fixed maturities: U.S. State and local government agency $ 143 $ 1 $ — $ — $ 143 $ 1 3 Corporate debt securities 5,905 342 1,506 105 7,411 447 58 Other debt securities 2,370 8 4,769 10 7,139 18 13 Total fixed maturities 8,418 351 6,275 115 14,693 466 74 Mutual funds - debt securities 32,072 1,039 95,629 7,627 127,701 8,666 34 Mutual funds - equity securities 4,147 463 — — 4,147 463 2 Equity securities 44,563 4,641 3,909 866 48,472 5,507 60 Other invested assets — — 4,881 241 4,881 241 1 Total $ 89,200 $ 6,494 $ 110,694 $ 8,849 $ 199,894 $ 15,343 171
Reconciliation of Trust Activities	A reconciliation of the Company’s merchandise trust activities for the nine months ended September 30, 2015 is presented below: Fair Value at 12/31/2014 Contributions Distributions Interest/ Capital Gain Realized Taxes Fees Unrealized Fair Value at (in thousands) $ 484,820 60,875 (34,477 ) 13,642 (738 ) 14,190 (3,441 ) (2,474 ) (73,077 ) $ 459,320 (1) Includes $4.2 million representing the net effect of other-than-temporary impairment charges and the release of previously realized impairment charges, as a result of sales and maturities of impaired securities.
Perpetual care trusts
Cost and Market Value Associated with Assets Held in Trusts	The cost and market value associated with the assets held in the perpetual care trusts at September 30, 2015 and December 31, 2014 were as follows: As of September 30, 2015 Cost Gross Gross Fair Value (in thousands) Short-term investments $ 14,455 $ — $ — $ 14,455 Fixed maturities: U.S. Government and federal agency 101 12 — 113 U.S. State and local government agency 27 — — 27 Corporate debt securities 23,953 105 (1,381 ) 22,677 Other debt securities 371 — — 371 Total fixed maturities 24,452 117 (1,381 ) 23,188 Mutual funds - debt securities 229,047 1,572 (20,282 ) 210,337 Mutual funds - equity securities 71,177 1,082 (10,965 ) 61,294 Equity securities 1,927 407 (47 ) 2,287 Other invested assets 220 — — 220 Total $ 341,278 $ 3,178 $ (32,675 ) $ 311,781 As of December 31, 2014 Cost Gross Gross Fair Value (in thousands) Short-term investments $ 26,644 $ — $ — $ 26,644 Fixed maturities: U.S. Government and federal agency 100 16 — 116 U.S. State and local government agency 78 1 — 79 Corporate debt securities 24,275 104 (913 ) 23,466 Other debt securities 371 — — 371 Total fixed maturities 24,824 121 (913 ) 24,032 Mutual funds - debt securities 128,735 379 (5,220 ) 123,894 Mutual funds - equity securities 103,701 23,003 (1,268 ) 125,436 Equity securities 30,617 14,704 (247 ) 45,074 Other invested assets 25 — — 25 Total $ 314,546 $ 38,207 $ (7,648 ) $ 345,105
Contractual Maturities of Debt Securities Held in Trusts	The contractual maturities of debt securities as of September 30, 2015 were as follows: As of September 30, 2015 Less than 1 year through 6 years through More than (in thousands) U.S. Government and federal agency $ — $ 113 $ — $ — U.S. State and local government agency 27 — — — Corporate debt securities 256 15,888 6,515 18 Other debt securities 371 — — — Total fixed maturities $ 654 $ 16,001 $ 6,515 $ 18
Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Trusts	An aging of unrealized losses on the Company’s investments in fixed maturities and equity securities at September 30, 2015 and December 31, 2014 is presented below: Less than 12 months 12 Months or more Total Number of Securities in As of September 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands, except number of securities data) Fixed maturities: Corporate debt securities $ 9,916 $ 455 $ 7,549 $ 926 $ 17,465 $ 1,381 68 Total fixed maturities 9,916 455 7,549 926 17,465 1,381 68 Mutual funds - debt securities 95,075 5,115 112,826 15,167 207,901 20,282 40 Mutual funds - equity securities 43,893 10,965 — — 43,893 10,965 4 Equity securities 186 30 47 17 233 47 6 Total $ 149,070 $ 16,565 $ 120,422 $ 16,110 $ 269,492 $ 32,675 118 Less than 12 months 12 Months or more Total Number of Securities in As of December 31, 2014 Fair Unrealized Fair Unrealized Fair Value Unrealized (in thousands, except number of securities data) Fixed maturities: Corporate debt securities $ 14,434 $ 798 $ 2,519 $ 115 $ 16,953 $ 913 83 Total fixed maturities 14,434 798 2,519 115 16,953 913 83 Mutual funds - debt securities 30,345 768 86,814 4,452 117,159 5,220 31 Mutual funds - equity securities 13,035 1,268 — — 13,035 1,268 5 Equity securities 3,866 245 620 2 4,486 247 29 Total $ 61,680 $ 3,079 $ 89,953 $ 4,569 $ 151,633 $ 7,648 148
Reconciliation of Trust Activities	A reconciliation of the Company’s perpetual care trust activities for the nine months ended September 30, 2015 is presented below: Fair Value at Contributions Distributions Interest/ Capital Gain Realized Taxes Fees Unrealized Fair Value at (in thousands) $ 345,105 12,058 (10,254 ) 13,236 41 13,942 (637 ) (1,654 ) (60,056 ) $ 311,781 (1) Includes $12.0 million representing the net effect of other-than-temporary impairment charges and the release of previously realized impairment charges, as a result of sales and maturities of impaired securities.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill Balance During Period and Summary by Reportable Segment	There have been no changes in the goodwill balance during the period and a summary by reportable segment is as follows: Cemeteries Funeral Homes Total Southeast Northeast West (in thousands) Balance as of December 31, 2014 $ 8,950 $ 3,288 $ 11,948 $ 34,650 $ 58,836 Goodwill acquired from acquisitions during 2015 — — — 5,212 5,212 Balance as of September 30, 2015 $ 8,950 $ 3,288 $ 11,948 $ 39,862 $ 64,048
Major Classes of Intangible Assets	The major classes of intangible assets are as follows: As of September 30, 2015 As of December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Intangible Asset Gross Carrying Amount Accumulated Amortization Net Intangible Asset (in thousands) Amortized intangible assets: Lease and management agreements $ 59,758 $ (1,328 ) $ 58,430 $ 59,758 $ (581 ) $ 59,177 Underlying contract value 6,239 (975 ) 5,264 6,239 (858 ) 5,381 Non-compete agreements 5,576 (2,860 ) 2,716 5,250 (2,126 ) 3,124 Other intangible assets 1,439 (168 ) 1,271 1,439 (131 ) 1,308 Total intangible assets $ 73,012 $ (5,331 ) $ 67,681 $ 72,686 $ (3,696 ) $ 68,990

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2015
Outstanding Debt	The Company had the following outstanding debt: As of September 30, December 31, (in thousands) 7.875% Senior Notes, due June 2021 $ 175,000 $ 175,000 Credit Facility, due December 2019: Working Capital Draws 75,000 85,902 Acquisition Draws 38,500 25,000 Notes payable - acquisition debt 732 861 Notes payable - acquisition non-competes 1,894 2,765 Insurance and vehicle financing 3,006 1,632 Total 294,132 291,160 Less current portion 3,294 2,251 Less unamortized bond and note payable discounts 3,114 3,531 Long-term portion $ 287,724 $ 285,378

DEFERRED CEMETERY REVENUES, N29

DEFERRED CEMETERY REVENUES, NET (Tables)	9 Months Ended
	Sep. 30, 2015
Deferred Cemetery Revenues, Net	At September 30, 2015 and December 31, 2014, deferred cemetery revenues, net, consisted of the following: As of September 30, December 31, (in thousands) Deferred cemetery revenue $ 517,840 $ 456,632 Deferred merchandise trust revenue 128,779 104,717 Deferred merchandise trust unrealized gains (losses) (70,793 ) 2,284 Deferred pre-acquisition margin 140,389 140,378 Deferred cost of goods sold (70,982 ) (60,603 ) Deferred cemetery revenues, net $ 645,233 $ 643,408 Deferred selling and obtaining costs $ 108,754 $ 97,795

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2015
Operating Leases Future Payments	The operating leases will result in future payments in the following approximate amounts from September 30, 2015 and beyond: (in thousands) 2015 $ 812 2016 3,087 2017 3,292 2018 3,205 2019 2,885 2020 1,691 Thereafter 10,471 Total $ 25,443

PARTNERS' CAPITAL (Tables)

PARTNERS' CAPITAL (Tables)	9 Months Ended
	Sep. 30, 2015
Activity Relating to Number of Common Units Outstanding	The table below reflects the activity relating to the number of common units outstanding for the nine months ended September 30, 2015: Nine months ended September 30, 2015 Outstanding, beginning of period 29,203,595 Public offerings 2,415,000 Unit distributions 152,879 Unit-based compensation 7,631 Outstanding, end of period 31,779,105
Compensation Expense Recognized Related to Unit Appreciation Rights and Restricted Phantom Unit Awards	Compensation expense recognized related to unit appreciation rights and restricted phantom unit awards for the three and nine months ended September 30, 2015 and 2014 are summarized in the table below: Three months ended Nine months ended 2015 2014 2015 2014 (in thousands) (in thousands) Unit appreciation rights $ 15 $ 21 $ 55 $ 60 Restricted phantom units 262 244 769 742 Total unit-based compensation expense $ 277 $ 265 $ 824 $ 802

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Values of Net Assets Acquired	The table below reflects the Company’s final assessment of the fair value of net assets acquired and the resulting goodwill from purchase. There was no change to the amounts retrospectively adjusted in the fourth quarter of 2014. The Company acquired goodwill of $2.8 million, $3.3 million and $2.4 million in the Company’s Cemetery Operations—Southeast, Cemetery Operations—Northeast and Funeral Homes operating segments, respectively. Final (in thousands) Assets: Accounts receivable $ 6,188 Cemetery property 26,029 Property and equipment 15,776 Merchandise trusts, restricted, at fair value 31,534 Perpetual care trusts, restricted, at fair value 16,913 Intangible assets 1,170 Other assets 178 Total assets 97,788 Liabilities: Deferred margin 13,570 Merchandise liabilities 19,905 Deferred tax liability 2,010 Perpetual care trust corpus 16,913 Other liabilities 63 Total liabilities 52,461 Fair value of net assets acquired 45,327 Consideration paid 53,800 Goodwill from purchase $ 8,473
Fixed Rent for Cemeteries	(the “Up-Front Rent”). Tenant shall also pay to Landlord aggregate fixed rent of $36.0 million (the “Fixed Rent”) for the Cemeteries in the following amounts: Lease Years 1-5 None Lease Years 6-20 $1,000,000 per Lease Year Lease Years 21-25 $1,200,000 per Lease Year Lease Years 26-35 $1,500,000 per Lease Year Lease Years 36-60 None
Assets and Liabilities Recognized	The table below reflects the assets and liabilities recognized: (in thousands) Assets: Accounts receivable $ 1,610 Intangible asset 59,758 Total assets 61,368 Liabilities: Obligation for lease and management agreements 36,000 Discount on obligation for lease and management agreements (27,632 ) Obligation for lease and management agreements, net 8,368 Total liabilities 8,368 Total net assets $ 53,000
Consolidated Pro Forma Information	If the transactions noted above had been consummated at the beginning of the comparable prior annual reporting period, on a pro forma basis, for the three and nine months ended September 30, 2015 and 2014, consolidated revenues, consolidated net income (loss), and net income (loss) per limited partner unit (basic and diluted) would have been as follows: Three months ended Nine months ended 2015 2014 2015 2014 (in thousands, except per unit data) Revenue $ 78,972 $ 79,576 $ 229,971 $ 231,752 Net income (loss) (4,606 ) (2,770 ) (17,358 ) 393 Net income (loss) per limited partner unit (basic and diluted) $ (.14 ) $ (.09 ) $ (.57 ) $ .01
First Quarter 2014 Acquisition
Fair Values of Net Assets Acquired	The table below reflects the Company’s final assessment of the fair value of net assets acquired and the resulting gain on bargain purchase. Final (in thousands) Assets: Accounts receivable $ 47 Cemetery property 470 Property and equipment 140 Merchandise trusts, restricted, at fair value 2,607 Perpetual care trusts, restricted, at fair value 691 Total assets 3,955 Liabilities: Deferred margin 1,035 Merchandise liabilities 956 Deferred tax liability 641 Perpetual care trust corpus 691 Other liabilities 20 Total liabilities 3,343 Fair value of net assets acquired 612 Consideration paid 200 Gain on bargain purchase $ 412
Gloria Weiss Realty LLC
Fair Values of Net Assets Acquired	The table below reflects the Company’s preliminary assessment of the fair value of net assets acquired and the resulting goodwill from purchase. These amounts may be retrospectively adjusted as additional information is received. The acquired goodwill is recorded in the Company’s Funeral Homes operating segment. Preliminary (in thousands) Assets: Accounts receivable $ 313 Property and equipment 24 Merchandise trusts, restricted, at fair value 1,211 Total assets 1,548 Liabilities: Deferred margin 200 Merchandise liabilities 1,424 Total liabilities 1,624 Fair value of net assets acquired (76 ) Consideration paid 900 Goodwill from purchase $ 976
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd
Fair Values of Net Assets Acquired	The table below reflects the Company’s preliminary assessment of the fair value of net assets acquired and the resulting gain on bargain purchase. These amounts may be retrospectively adjusted as additional information is received. Preliminary (in thousands) Assets: Accounts receivable $ 62 Cemetery and funeral home property 3,180 Property and equipment 2,317 Merchandise trusts, restricted, at fair value 511 Perpetual care trusts, restricted, at fair value 2,032 Intangible assets 150 Total assets 8,252 Liabilities: Deferred margin 139 Merchandise liabilities 128 Perpetual care trust corpus 2,032 Total liabilities 2,299 Fair value of net assets acquired 5,953 Consideration paid 5,700 Gain on bargain purchase $ 253
Bronze Stone LLC
Fair Values of Net Assets Acquired	The table below reflects the Company’s preliminary assessment of the fair value of net assets acquired and the resulting gain on bargain purchase. These amounts may be retrospectively adjusted as additional information is received. Preliminary (in thousands) Assets: Accounts receivable $ 158 Cemetery property 1,355 Property and equipment 400 Merchandise trusts, restricted, at fair value 1,999 Perpetual care trusts, restricted, at fair value 1,541 Intangible assets 33 Total assets 5,486 Liabilities: Deferred margin 602 Merchandise liabilities 556 Perpetual care trust corpus 1,541 Total liabilities 2,699 Fair value of net assets acquired 2,787 Consideration paid 1,500 Gain on bargain purchase $ 1,287
Vista Funeral Home Inc
Fair Values of Net Assets Acquired	The table below reflects the Company’s preliminary assessment of the fair value of net assets acquired and the resulting goodwill from purchase. These amounts may be retrospectively adjusted as additional information is received. The acquired goodwill is recorded in the Company’s Funeral Homes operating segment. Preliminary (in thousands) Assets: Accounts receivable $ 1,961 Funeral home property 600 Property and equipment 1,464 Merchandise trusts, restricted, at fair value 8,380 Intangible assets 143 Other assets 56 Total assets 12,604 Liabilities: Deferred margin 2,275 Merchandise liabilities 8,689 Total liabilities 10,964 Fair value of net assets acquired 1,640 Consideration paid 5,000 Deferred cash consideration 876 Goodwill from purchase $ 4,236

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Information	Segment information is as follows: As of and for the three months ended September 30, 2015: Cemeteries Funeral Southeast Northeast West Homes Corporate Adjustment Total (in thousands) Revenues Sales $ 26,264 $ 15,475 $ 12,628 $ — $ — $ (15,622 ) $ 38,745 Service and other 9,838 9,249 6,267 — — (141 ) 25,213 Funeral home — — — 17,077 — (2,835 ) 14,242 Total revenues 36,102 24,724 18,895 17,077 — (18,598 ) 78,200 Costs and expenses Cost of sales 5,690 3,318 2,324 — — (2,604 ) 8,728 Cemetery 7,534 6,608 4,103 — — — 18,245 Selling 8,471 4,931 3,940 — 692 (3,387 ) 14,647 General and administrative 4,629 2,616 1,574 — — — 8,819 Corporate overhead — — — — 8,152 — 8,152 Depreciation and amortization 833 639 461 780 598 — 3,311 Funeral home — — — 11,625 — (417 ) 11,208 Acquisition related costs, net of recoveries — — — — 963 — 963 Total costs and expenses 27,157 18,112 12,402 12,405 10,405 (6,408 ) 74,073 Operating profit (loss) $ 8,945 $ 6,612 $ 6,493 $ 4,672 $ (10,405 ) $ (12,190 ) $ 4,127 Total assets $ 622,820 $ 419,729 $ 427,419 $ 185,712 $ 26,020 $ — $ 1,681,700 Amortization of cemetery property $ 1,457 $ 1,131 $ 322 $ — $ — $ (697 ) $ 2,213 Long lived asset additions $ 2,206 $ 502 $ 5,871 $ 4,388 $ 595 $ — $ 13,562 Goodwill $ 8,950 $ 3,288 $ 11,948 $ 39,862 $ — $ — $ 64,048 As of and for the nine months ended September 30, 2015: Cemeteries Funeral Southeast Northeast West Homes Corporate Adjustment Total (in thousands) Revenues Sales $ 78,128 $ 44,024 $ 36,809 $ — $ — $ (50,567 ) $ 108,394 Service and other 34,370 29,438 25,322 — — (14,078 ) 75,052 Funeral home — — — 50,226 — (7,230 ) 42,996 Total revenues 112,498 73,462 62,131 50,226 — (71,875 ) 226,442 Costs and expenses Cost of sales 17,332 9,221 7,045 — — (7,980 ) 25,618 Cemetery 22,518 19,378 11,893 — — — 53,789 Selling 26,552 15,368 12,382 — 1,974 (11,950 ) 44,326 General and administrative 13,921 7,731 5,688 — — — 27,340 Corporate overhead — — — — 26,979 — 26,979 Depreciation and amortization 2,443 1,883 1,417 2,381 1,083 — 9,207 Funeral home — — — 36,911 — (1,404 ) 35,507 Acquisition related costs, net of recoveries — — — — 1,648 — 1,648 Total costs and expenses 82,766 53,581 38,425 39,292 31,684 (21,334 ) 224,414 Operating profit (loss) $ 29,732 $ 19,881 $ 23,706 $ 10,934 $ (31,684 ) $ (50,541 ) $ 2,028 Total assets $ 622,820 $ 419,729 $ 427,419 $ 185,712 $ 26,020 $ — $ 1,681,700 Amortization of cemetery property $ 4,059 $ 2,385 $ 1,062 $ — $ — $ (1,366 ) $ 6,140 Long lived asset additions $ 6,451 $ 2,272 $ 6,804 $ 4,859 $ 780 $ — $ 21,166 Goodwill $ 8,950 $ 3,288 $ 11,948 $ 39,862 $ — $ — $ 64,048 As of and for the three months ended September 30, 2014: Cemeteries Funeral Homes Southeast Northeast West Corporate Adjustment Total (in thousands) Revenues Sales $ 22,653 $ 13,228 $ 11,512 $ — $ — $ (4,719 ) $ 42,674 Service and other 10,097 11,040 8,633 — — (6,509 ) 23,261 Funeral home — — — 14,457 — (2,218 ) 12,239 Total revenues 32,750 24,268 20,145 14,457 — (13,446 ) 78,174 Costs and expenses Cost of sales 4,828 2,555 2,167 — — (488 ) 9,062 Cemetery 7,533 6,576 3,967 — — — 18,076 Selling 8,173 4,572 4,001 — 631 (883 ) 16,494 General and administrative 4,343 2,132 3,333 — — — 9,808 Corporate overhead — — — — 8,392 — 8,392 Depreciation and amortization 800 670 539 867 236 — 3,112 Funeral home — — — 10,674 — (315 ) 10,359 Acquisition related costs, net of recoveries — — — — 451 — 451 Total costs and expenses 25,677 16,505 14,007 11,541 9,710 (1,686 ) 75,754 Operating profit (loss) $ 7,073 $ 7,763 $ 6,138 $ 2,916 $ (9,710 ) $ (11,760 ) $ 2,420 Total assets $ 636,192 $ 423,434 $ 448,732 $ 163,762 $ 40,677 $ — $ 1,712,797 Amortization of cemetery property $ 1,035 $ 341 $ 435 $ — $ — $ 168 $ 1,979 Long lived asset additions $ 1,950 $ 1,205 $ 906 $ 203 $ 183 $ — $ 4,447 Goodwill $ 8,949 $ 3,288 $ 11,948 $ 33,025 $ — $ — $ 57,210 As of and for the nine months ended September 30, 2014: Cemeteries Funeral Homes Southeast Northeast West Corporate Adjustment Total (in thousands) Revenues Sales $ 69,319 $ 31,583 $ 35,211 $ — $ — $ (26,605 ) $ 109,508 Service and other 31,085 29,529 26,768 — — (18,260 ) 69,122 Funeral home — — — 40,777 — (5,313 ) 35,464 Total revenues 100,404 61,112 61,979 40,777 — (50,178 ) 214,094 Costs and expenses Cost of sales 15,045 6,576 7,686 — — (4,091 ) 25,216 Cemetery 21,057 14,499 11,990 — — — 47,546 Selling 24,019 11,443 11,462 — 1,480 (5,860 ) 42,544 General and administrative 13,053 5,533 7,747 — — — 26,333 Corporate overhead — — — — 22,394 — 22,394 Depreciation and amortization 2,094 1,244 1,593 2,346 716 — 7,993 Funeral home — — — 29,813 — (732 ) 29,081 Acquisition related costs, net of recoveries — — — — 2,040 — 2,040 Total costs and expenses 75,268 39,295 40,478 32,159 26,630 (10,683 ) 203,147 Operating profit (loss) $ 25,136 $ 21,817 $ 21,501 $ 8,618 $ (26,630 ) $ (39,495 ) $ 10,947 Total assets $ 636,192 $ 423,434 $ 448,732 $ 163,762 $ 40,677 $ — $ 1,712,797 Amortization of cemetery property $ 3,499 $ 1,762 $ 2,237 $ — $ — $ (414 ) $ 7,084 Long lived asset additions $ 28,470 $ 72,515 $ 3,350 $ 9,024 $ 443 $ — $ 113,802 Goodwill $ 8,949 $ 3,288 $ 11,948 $ 33,025 $ — $ — $ 57,210

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Assets and Liabilities Measured at Fair Value	The following table displays the Company’s assets measured at fair value as of September 30, 2015 and December 31, 2014. As of September 30, 2015 Merchandise Trust Level 1 Level 2 Total (in thousands) Assets Short-term investments $ 27,125 $ — $ 27,125 Fixed maturities: U.S. state and local government agency — 91 91 Corporate debt securities — 11,695 11,695 Other debt securities — 7,168 7,168 Total fixed maturity investments — 18,954 18,954 Mutual funds - debt securities 232,239 — 232,239 Mutual funds - equity securities - real estate sector 17,366 — 17,366 Mutual funds - equity securities - energy sector 8,279 — 8,279 Mutual funds - equity securities - MLP’s 13,899 — 13,899 Mutual funds - equity securities - other 78,714 — 78,714 Equity securities: Master limited partnerships 18,382 — 18,382 Global equity securities 27,331 — 27,331 Other invested assets — 7,198 7,198 Total $ 423,335 $ 26,152 $ 449,487 Perpetual Care Trust Level 1 Level 2 Total (in thousands) Assets Short-term investments $ 14,455 $ — $ 14,455 Fixed maturities: U.S. government and federal agency 113 — 113 U.S. state and local government agency — 27 27 Corporate debt securities — 22,677 22,677 Other debt securities — 371 371 Total fixed maturity investments 113 23,075 23,188 Mutual funds - debt securities 210,337 — 210,337 Mutual funds - equity securities - real estate sector 15,616 — 15,616 Mutual funds - equity securities - energy sector 13,246 — 13,246 Mutual funds - equity securities - MLP’s 26,432 — 26,432 Mutual funds - equity securities - other 6,000 — 6,000 Equity securities: Master limited partnerships 1,268 — 1,268 Global equity securities 1,019 — 1,019 Other invested assets — 220 220 Total $ 288,486 $ 23,295 $ 311,781 As of December 31, 2014 Merchandise Trust Level 1 Level 2 Total (in thousands) Assets Short-term investments $ 52,521 $ — $ 52,521 Fixed maturities: U.S. state and local government agency — 269 269 Corporate debt securities — 8,976 8,976 Other debt securities — 7,139 7,139 Total fixed maturity investments — 16,384 16,384 Mutual funds - debt securities 142,680 — 142,680 Mutual funds - equity securities - real estate sector 58,672 — 58,672 Mutual funds - equity securities - energy sector 7,733 — 7,733 Mutual funds - equity securities - MLP’s 22,927 — 22,927 Mutual funds - equity securities - other 90,126 — 90,126 Equity securities: Master limited partnerships 50,091 — 50,091 Global equity securities 30,208 — 30,208 Other invested assets — 5,159 5,159 Total $ 454,958 $ 21,543 $ 476,501 Perpetual Care Trust Level 1 Level 2 Total (in thousands) Assets Short-term investments $ 26,644 $ — $ 26,644 Fixed maturities: U.S. government and federal agency 116 — 116 U.S. state and local government agency — 79 79 Corporate debt securities — 23,466 23,466 Other debt securities — 371 371 Total fixed maturity investments 116 23,916 24,032 Mutual funds - debt securities 123,894 — 123,894 Mutual funds - equity securities - real estate sector 41,753 — 41,753 Mutual funds - equity securities - energy sector 14,829 — 14,829 Mutual funds - equity securities - MLP’s 43,596 — 43,596 Mutual funds - equity securities - other 25,258 — 25,258 Equity securities: Master limited partnerships 43,207 — 43,207 Global equity securities 1,867 — 1,867 Other invested assets — 25 25 Total $ 321,164 $ 23,941 $ 345,105

Nature of Operations, Basis o35

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail)	Sep. 30, 2015PropertyState
Consolidated Properties | Cemetery property
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations	16
Cemetery | Unconsolidated Properties
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations	15
Cemetery | Unconsolidated Properties | Second Quarter 2014 Acquisition
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations	13
Cemetery | US and Puerto Rico
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations	306
Number of states | State	27
Cemetery | US and Puerto Rico | Wholly Owned Properties
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations	275
Cemetery | US and Puerto Rico | Managed Properties
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations	31
Funeral Home | US and Puerto Rico
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of operating locations	103
Number of states | State	19

Long-Term Accounts Receivable N

Long-Term Accounts Receivable Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer receivables	$ 203,200	$ 194,537
Unearned finance income	(20,125)	(20,360)
Allowance for contract cancellations	(23,703)	(22,138)
Accounts Receivable, Net, Total	159,372	152,039
Less: current portion, net of allowance	66,099	62,503
Long-term portion, net of allowance	93,273	89,536
Accounts Receivable, Net	$ 159,372	$ 152,039

Activity in Allowance for Contr

Activity in Allowance for Contract Cancellations (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance - Beginning of period	$ 22,138
Balance - End of period	23,703
Contract Cancellations
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance - Beginning of period	22,138	$ 20,275
Provision for cancellations	19,054	17,080
Charge-offs - net	(17,489)	(13,610)
Balance - End of period	$ 23,703	$ 23,745

Cemetery Property (Detail)

Cemetery Property (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Cemetery property	$ 344,662	$ 339,848
Developed land
Property, Plant and Equipment [Line Items]
Cemetery property	82,048	79,058
Undeveloped land
Property, Plant and Equipment [Line Items]
Cemetery property	172,610	172,238
Mausoleum crypts and lawn crypts
Property, Plant and Equipment [Line Items]
Cemetery property	78,879	78,524
Other Land
Property, Plant and Equipment [Line Items]
Cemetery property	$ 11,125	$ 10,028

Major Classes of Property and E

Major Classes of Property and Equipment (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	$ 166,620	$ 157,468
Less: accumulated depreciation	(63,949)	(57,077)
Property and equipment - net	102,671	100,391
Building and improvements
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	114,673	108,178
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	$ 51,947	$ 49,290

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 2.8	$ 2.5	$ 7.5	$ 6.5

Merchandise Trusts - Additional

Merchandise Trusts - Additional Information (Detail) - Variable Interest Entity, Primary Beneficiary - Merchandise Trusts $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)PropertySecurities	Sep. 30, 2015USD ($)PropertySecurities	Sep. 30, 2014USD ($)Property	Dec. 31, 2014USD ($)Securities
Schedule of Available-for-sale Securities [Line Items]
Trust assets, fair value	$ 459,320	$ 459,320		$ 484,820
Number of Securities in Loss Position | Securities	218	218		171
Number of Securities in Loss Position for More than Twelve Months | Securities	102	102		39
Trust assets, cost	$ 530,113	$ 530,113		$ 482,536
Net deposits into the trust		26,400
Purchases of securities available for sale included in trust investments		508,100
Sales of securities available for sale included in trust investments		489,600
Contributions of assets		12,100
Other Than Temporarily Impaired Securities
Schedule of Available-for-sale Securities [Line Items]
Trust assets, fair value	$ 400	$ 400	$ 100
Number of securities resulting impairment | Property	0	2	2
Trust assets, cost	$ 600	$ 600	$ 200
Other than temporary impairments loss		200	$ 100
West Virginia Trust Receivable
Schedule of Available-for-sale Securities [Line Items]
Trust assets, fair value	8,111	8,111		8,319
Trust assets, cost	$ 8,111	$ 8,111		$ 8,319

Cost and Market Value Associate

Cost and Market Value Associated with Assets Held in Merchandise Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Merchandise Trusts - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 530,113	$ 482,536
Gross Unrealized Gains	569	17,627
Gross Unrealized Losses	(71,362)	(15,343)
Fair Value	459,320	484,820
Short-term investments
Schedule of Available-for-sale Securities [Line Items]
Cost	27,125	52,521
Fair Value	27,125	52,521
Fixed maturities
Schedule of Available-for-sale Securities [Line Items]
Cost	19,808	16,827
Gross Unrealized Gains	35	23
Gross Unrealized Losses	(889)	(466)
Fair Value	18,954	16,384
Fixed maturities | U.S. State and local government agency
Schedule of Available-for-sale Securities [Line Items]
Cost	81	270
Gross Unrealized Gains	10
Gross Unrealized Losses		(1)
Fair Value	91	269
Fixed maturities | Corporate debt securities
Schedule of Available-for-sale Securities [Line Items]
Cost	12,550	9,400
Gross Unrealized Gains	25	23
Gross Unrealized Losses	(880)	(447)
Fair Value	11,695	8,976
Fixed maturities | Other debt securities
Schedule of Available-for-sale Securities [Line Items]
Cost	7,177	7,157
Gross Unrealized Losses	(9)	(18)
Fair Value	7,168	7,139
Mutual funds - debt securities
Schedule of Available-for-sale Securities [Line Items]
Cost	260,872	150,477
Gross Unrealized Gains	33	869
Gross Unrealized Losses	(28,666)	(8,666)
Fair Value	232,239	142,680
Mutual funds - equity securities
Schedule of Available-for-sale Securities [Line Items]
Cost	145,260	167,353
Gross Unrealized Gains	9	12,568
Gross Unrealized Losses	(27,011)	(463)
Fair Value	118,258	179,458
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Cost	60,169	81,639
Gross Unrealized Gains	340	4,167
Gross Unrealized Losses	(14,796)	(5,507)
Fair Value	45,713	80,299
Other invested assets
Schedule of Available-for-sale Securities [Line Items]
Cost	7,046	5,400
Gross Unrealized Gains	152
Gross Unrealized Losses		(241)
Fair Value	7,198	5,159
Total managed investments
Schedule of Available-for-sale Securities [Line Items]
Cost	520,280	474,217
Gross Unrealized Gains	569	17,627
Gross Unrealized Losses	(71,362)	(15,343)
Fair Value	449,487	476,501
West Virginia Trust Receivable
Schedule of Available-for-sale Securities [Line Items]
Cost	8,111	8,319
Fair Value	8,111	$ 8,319
Assets acquired via acquisition
Schedule of Available-for-sale Securities [Line Items]
Cost	1,722
Fair Value	$ 1,722

Contractual Maturities of Debt

Contractual Maturities of Debt Securities Held in Merchandise Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Merchandise Trusts - Fixed maturities $ in Thousands	Sep. 30, 2015USD ($)
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	$ 2,136
1 year through 5 years	13,366
6 years through 10 years	3,450
More than 10 years	2
U.S. State and local government agency
Investments Classified by Contractual Maturity Date [Line Items]
1 year through 5 years	44
6 years through 10 years	45
More than 10 years	2
Corporate debt securities
Investments Classified by Contractual Maturity Date [Line Items]
1 year through 5 years	8,290
6 years through 10 years	3,405
Other debt securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	2,136
1 year through 5 years	$ 5,032

Aging of Unrealized Losses on I

Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Merchandise Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Merchandise Trusts $ in Thousands	Sep. 30, 2015USD ($)Securities	Dec. 31, 2014USD ($)Securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 154,850	$ 89,200
Less than 12 months Unrealized Losses	31,530	6,494
12 Months or more Fair Value	251,964	110,694
12 Months or more Unrealized Losses	39,832	8,849
Total Fair Value	406,814	199,894
Total Unrealized Losses	$ 71,362	$ 15,343
Number of Securities in Loss Position | Securities	218	171
Fixed maturities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 6,437	$ 8,418
Less than 12 months Unrealized Losses	254	351
12 Months or more Fair Value	11,015	6,275
12 Months or more Unrealized Losses	635	115
Total Fair Value	17,452	14,693
Total Unrealized Losses	$ 889	$ 466
Number of Securities in Loss Position | Securities	75	74
Fixed maturities | U.S. State and local government agency
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value		$ 143
Less than 12 months Unrealized Losses		1
Total Fair Value		143
Total Unrealized Losses		$ 1
Number of Securities in Loss Position | Securities		3
Fixed maturities | Corporate debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 6,277	$ 5,905
Less than 12 months Unrealized Losses	254	342
12 Months or more Fair Value	4,641	1,506
12 Months or more Unrealized Losses	626	105
Total Fair Value	10,918	7,411
Total Unrealized Losses	$ 880	$ 447
Number of Securities in Loss Position | Securities	64	58
Fixed maturities | Other debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 160	$ 2,370
Less than 12 months Unrealized Losses		8
12 Months or more Fair Value	6,374	4,769
12 Months or more Unrealized Losses	9	10
Total Fair Value	6,534	7,139
Total Unrealized Losses	$ 9	$ 18
Number of Securities in Loss Position | Securities	11	13
Mutual funds - debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 20,308	$ 32,072
Less than 12 months Unrealized Losses	1,896	1,039
12 Months or more Fair Value	208,471	95,629
12 Months or more Unrealized Losses	26,770	7,627
Total Fair Value	228,779	127,701
Total Unrealized Losses	$ 28,666	$ 8,666
Number of Securities in Loss Position | Securities	45	34
Mutual funds - equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 105,814	$ 4,147
Less than 12 months Unrealized Losses	24,292	463
12 Months or more Fair Value	12,382
12 Months or more Unrealized Losses	2,719
Total Fair Value	118,196	4,147
Total Unrealized Losses	$ 27,011	$ 463
Number of Securities in Loss Position | Securities	9	2
Equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 22,291	$ 44,563
Less than 12 months Unrealized Losses	5,088	4,641
12 Months or more Fair Value	20,096	3,909
12 Months or more Unrealized Losses	9,708	866
Total Fair Value	42,387	48,472
Total Unrealized Losses	$ 14,796	$ 5,507
Number of Securities in Loss Position | Securities	89	60
Other invested assets
Investments, Unrealized Loss Position [Line Items]
12 Months or more Fair Value		$ 4,881
12 Months or more Unrealized Losses		241
Total Fair Value		4,881
Total Unrealized Losses		$ 241
Number of Securities in Loss Position | Securities		1

Reconciliation of Merchandise T

Reconciliation of Merchandise Trust Activities (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Fair Value	$ 484,820
Fair Value	459,320
Variable Interest Entity, Primary Beneficiary | Merchandise Trusts
Schedule of Available-for-sale Securities [Line Items]
Fair Value	484,820
Contributions	60,875
Distributions	(34,477)
Interest/ Dividends	13,642
Capital Gain Distributions	(738)
Realized Net Gain/ (Loss)	14,190	[1]
Taxes	(3,441)
Fees	(2,474)
Unrealized Change in Fair Value	(73,077)
Fair Value	$ 459,320
[1]	Includes $4.2 million representing the net effect of other-than-temporary impairment charges and the release of previously realized impairment charges, as a result of sales and maturities of impaired securities.

Reconciliation of Merchandise46

Reconciliation of Merchandise Trust Activities (Parenthetical) (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Variable Interest Entity, Primary Beneficiary | Merchandise Trusts
Schedule of Available-for-sale Securities [Line Items]
Net effect of other-than-temporary impairment charges	$ 4.2

Cost and Market Value Associa47

Cost and Market Value Associated with Assets Held in Perpetual Care Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Perpetual care trusts - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 341,278	$ 314,546
Gross Unrealized Gains	3,178	38,207
Gross Unrealized Losses	(32,675)	(7,648)
Fair Value	311,781	345,105
Short-term investments
Schedule of Available-for-sale Securities [Line Items]
Cost	14,455	26,644
Fair Value	14,455	26,644
Fixed maturities
Schedule of Available-for-sale Securities [Line Items]
Cost	24,452	24,824
Gross Unrealized Gains	117	121
Gross Unrealized Losses	(1,381)	(913)
Fair Value	23,188	24,032
Fixed maturities | U.S. Government and federal agency
Schedule of Available-for-sale Securities [Line Items]
Cost	101	100
Gross Unrealized Gains	12	16
Fair Value	113	116
Fixed maturities | U.S. State and local government agency
Schedule of Available-for-sale Securities [Line Items]
Cost	27	78
Gross Unrealized Gains		1
Fair Value	27	79
Fixed maturities | Corporate debt securities
Schedule of Available-for-sale Securities [Line Items]
Cost	23,953	24,275
Gross Unrealized Gains	105	104
Gross Unrealized Losses	(1,381)	(913)
Fair Value	22,677	23,466
Fixed maturities | Other debt securities
Schedule of Available-for-sale Securities [Line Items]
Cost	371	371
Fair Value	371	371
Mutual funds - debt securities
Schedule of Available-for-sale Securities [Line Items]
Cost	229,047	128,735
Gross Unrealized Gains	1,572	379
Gross Unrealized Losses	(20,282)	(5,220)
Fair Value	210,337	123,894
Mutual funds - equity securities
Schedule of Available-for-sale Securities [Line Items]
Cost	71,177	103,701
Gross Unrealized Gains	1,082	23,003
Gross Unrealized Losses	(10,965)	(1,268)
Fair Value	61,294	125,436
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Cost	1,927	30,617
Gross Unrealized Gains	407	14,704
Gross Unrealized Losses	(47)	(247)
Fair Value	2,287	45,074
Other invested assets
Schedule of Available-for-sale Securities [Line Items]
Cost	220	25
Fair Value	$ 220	$ 25

Contractual Maturities of Deb48

Contractual Maturities of Debt Securities Held in Perpetual Care Trusts (Detail) - Fixed maturities - Variable Interest Entity, Primary Beneficiary - Perpetual care trusts $ in Thousands	Sep. 30, 2015USD ($)
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	$ 654
1 year through 5 years	16,001
6 years through 10 years	6,515
More than 10 years	18
U.S. Government and federal agency
Investments Classified by Contractual Maturity Date [Line Items]
1 year through 5 years	113
U.S. State and local government agency
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	27
Corporate debt securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	256
1 year through 5 years	15,888
6 years through 10 years	6,515
More than 10 years	18
Other debt securities
Investments Classified by Contractual Maturity Date [Line Items]
Less than 1 year	$ 371

Aging of Unrealized Losses on49

Aging of Unrealized Losses on Investments in Fixed Maturities and Equity Securities Held in Perpetual Care Trusts (Detail) - Variable Interest Entity, Primary Beneficiary - Perpetual care trusts $ in Thousands	Sep. 30, 2015USD ($)Securities	Dec. 31, 2014USD ($)Securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 149,070	$ 61,680
Less than 12 months Unrealized Losses	16,565	3,079
12 Months or more Fair Value	120,422	89,953
12 Months or more Unrealized Losses	16,110	4,569
Total Fair Value	269,492	151,633
Total Unrealized Losses	$ 32,675	$ 7,648
Number of Securities in Loss Position | Securities	118	148
Fixed maturities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 9,916	$ 14,434
Less than 12 months Unrealized Losses	455	798
12 Months or more Fair Value	7,549	2,519
12 Months or more Unrealized Losses	926	115
Total Fair Value	17,465	16,953
Total Unrealized Losses	$ 1,381	$ 913
Number of Securities in Loss Position | Securities	68	83
Fixed maturities | Corporate debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 9,916	$ 14,434
Less than 12 months Unrealized Losses	455	798
12 Months or more Fair Value	7,549	2,519
12 Months or more Unrealized Losses	926	115
Total Fair Value	17,465	16,953
Total Unrealized Losses	$ 1,381	$ 913
Number of Securities in Loss Position | Securities	68	83
Mutual funds - debt securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 95,075	$ 30,345
Less than 12 months Unrealized Losses	5,115	768
12 Months or more Fair Value	112,826	86,814
12 Months or more Unrealized Losses	15,167	4,452
Total Fair Value	207,901	117,159
Total Unrealized Losses	$ 20,282	$ 5,220
Number of Securities in Loss Position | Securities	40	31
Mutual funds - equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 43,893	$ 13,035
Less than 12 months Unrealized Losses	10,965	1,268
Total Fair Value	43,893	13,035
Total Unrealized Losses	$ 10,965	$ 1,268
Number of Securities in Loss Position | Securities	4	5
Equity securities
Investments, Unrealized Loss Position [Line Items]
Less than 12 months Fair Value	$ 186	$ 3,866
Less than 12 months Unrealized Losses	30	245
12 Months or more Fair Value	47	620
12 Months or more Unrealized Losses	17	2
Total Fair Value	233	4,486
Total Unrealized Losses	$ 47	$ 247
Number of Securities in Loss Position | Securities	6	29

Perpetual Care Trusts - Additio

Perpetual Care Trusts - Additional Information (Detail) - Variable Interest Entity, Primary Beneficiary - Perpetual care trusts	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)Securities	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Securities	Sep. 30, 2014USD ($)Securities	Dec. 31, 2014USD ($)Securities
Schedule of Available-for-sale Securities [Line Items]
Number of Securities in Loss Position | Securities	118		118		148
Number of Securities in Loss Position for More than Twelve Months | Securities	55		55		20
Trust assets, cost	$ 341,278,000		$ 341,278,000		$ 314,546,000
Trust assets, fair value	311,781,000		311,781,000		$ 345,105,000
Net deposits into the trust			1,800,000
Purchases of securities available for sale included in trust investments			326,900,000
Sales of securities available for sale included in trust investments			320,200,000
Contributions of assets			3,600,000
Other Than Temporarily Impaired Securities
Schedule of Available-for-sale Securities [Line Items]
Other than temporary impairments loss	$ 0	$ 0	$ 0	$ 500,000
Number of securities resulting impairment | Securities				2
Trust assets, cost		1,300,000		$ 1,300,000
Trust assets, fair value		$ 800,000		$ 800,000

Reconciliation of Perpetual Car

Reconciliation of Perpetual Care Trust Activities (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Fair Value	$ 345,105
Fair Value	311,781
Variable Interest Entity, Primary Beneficiary | Perpetual care trusts
Schedule of Available-for-sale Securities [Line Items]
Fair Value	345,105
Contributions	12,058
Distributions	(10,254)
Interest/ Dividends	13,236
Capital Gain Distributions	41
Realized Net Gain/ (Loss)	13,942	[1]
Taxes	(637)
Fees	(1,654)
Unrealized Change in Fair Value	(60,056)
Fair Value	$ 311,781
[1]	Includes $12.0 million representing the net effect of other-than-temporary impairment charges and the release of previously realized impairment charges, as a result of sales and maturities of impaired securities.

Reconciliation of Perpetual C52

Reconciliation of Perpetual Care Trust Activities (Parenthetical) (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Variable Interest Entity, Primary Beneficiary | Perpetual care trusts
Schedule of Available-for-sale Securities [Line Items]
Net effect of other-than-temporary impairment charges	$ 12

Goodwill Balance During Period

Goodwill Balance During Period and Summary by Reportable Segment (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 58,836
Goodwill acquired from acquisitions	5,212
Goodwill, Ending Balance	64,048	$ 58,836
Cemetery Operations South East
Goodwill [Line Items]
Goodwill, Beginning Balance	8,950
Goodwill acquired from acquisitions		2,800
Goodwill, Ending Balance	8,950	8,950
Cemetery Operations North East
Goodwill [Line Items]
Goodwill, Beginning Balance	3,288
Goodwill acquired from acquisitions		3,300
Goodwill, Ending Balance	3,288	3,288
Cemetery Operations West
Goodwill [Line Items]
Goodwill, Beginning Balance	11,948
Goodwill, Ending Balance	11,948	11,948
Funeral Home
Goodwill [Line Items]
Goodwill, Beginning Balance	34,650
Goodwill acquired from acquisitions	5,212	2,400
Goodwill, Ending Balance	$ 39,862	$ 34,650

Major Classes of Intangible Ass

Major Classes of Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 73,012	$ 72,686
Accumulated Amortization	(5,331)	(3,696)
Net Intangible Asset	67,681	68,990
Lease and management agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	59,758	59,758
Accumulated Amortization	(1,328)	(581)
Net Intangible Asset	58,430	59,177
Underlying contract value
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	6,239	6,239
Accumulated Amortization	(975)	(858)
Net Intangible Asset	5,264	5,381
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,576	5,250
Accumulated Amortization	(2,860)	(2,126)
Net Intangible Asset	2,716	3,124
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,439	1,439
Accumulated Amortization	(168)	(131)
Net Intangible Asset	$ 1,271	$ 1,308

Outstanding Debt (Detail)

Outstanding Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	May. 28, 2013
Debt Instrument [Line Items]
Long-Term Debt	$ 294,132	$ 291,160
Less current portion	3,294	2,251
Less unamortized bond and note payable discounts	3,114	3,531
Long-term portion	287,724	285,378
Senior Notes | 7.878% notes, due 2021
Debt Instrument [Line Items]
Long-Term Debt	175,000	175,000
Less unamortized bond and note payable discounts			$ 3,800
Line of Credit | Working Capital Credit Facility, due December 2019
Debt Instrument [Line Items]
Long-Term Debt	75,000	85,902
Line of Credit | Acquisition Credit Facility, due December 2019
Debt Instrument [Line Items]
Long-Term Debt	38,500	25,000
Notes Payable, other Payables | Acquisitions Debt
Debt Instrument [Line Items]
Long-Term Debt	732	861
Notes Payable, other Payables | Acquisition non-competes
Debt Instrument [Line Items]
Long-Term Debt	1,894	2,765
Insurance and vehicle financing
Debt Instrument [Line Items]
Long-Term Debt	$ 3,006	$ 1,632

Outstanding Debt (Parenthetical

Outstanding Debt (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	May. 28, 2013
Senior Notes | 7.878% notes, due 2021
Debt Instrument [Line Items]
Long-Term Debt, interest rate	7.875%	7.875%	7.875%
Long-Term Debt, maturity date	2021-06	2021-06
Line of Credit | Working Capital Credit Facility, due December 2019
Debt Instrument [Line Items]
Long-Term Debt, maturity date	2019-12	2019-12
Line of Credit | Acquisition Credit Facility, due December 2019
Debt Instrument [Line Items]
Long-Term Debt, maturity date	2019-12	2019-12

Long Term Debt - Additional Inf

Long Term Debt - Additional Information (Detail) - USD ($)	May. 28, 2013	Sep. 30, 2015	Dec. 31, 2014
Debt Disclosure [Line Items]
Long-Term Debt, discount		$ 3,114,000	$ 3,531,000
Credit Agreement
Debt Disclosure [Line Items]
Credit facility , maximum borrowing		180,000,000
Credit facility, additional borrowing capacity		$ 70,000,000
Long term debt, maturity date		Dec. 19, 2019
Debt covenant, Consolidated EBITDA requirement for recently completed four fiscal quarters		$ 80,000,000
Debt covenant, Percentage of consolidated EBITDA		80.00%
Maximum consolidated leverage ratio		400.00%
Credit Agreement | Minimum
Debt Disclosure [Line Items]
Consolidated coverage ratio		250.00%
Credit Agreement | Line of Credit
Debt Disclosure [Line Items]
Credit facility , maximum borrowing		$ 135,500,000
Credit facility, interest rate		4.10%
Minimum percentage of eligible receivables to borrow working capital advance		85.00%
Credit facility, outstanding borrowing amount		$ 113,500,000
Credit Agreement | Line of Credit | Base Rate
Debt Disclosure [Line Items]
Credit facility, basis spread on variable rate		2.25%
Credit Agreement | Line of Credit | Eurodollar
Debt Disclosure [Line Items]
Credit facility, basis spread on variable rate		3.25%
Credit Agreement | Line of Credit | Minimum | Base Rate
Debt Disclosure [Line Items]
Credit facility, basis spread on variable rate		1.25%
Credit Agreement | Line of Credit | Minimum | Eurodollar
Debt Disclosure [Line Items]
Credit facility, basis spread on variable rate		2.25%
Credit Agreement | Line of Credit | Maximum | Base Rate
Debt Disclosure [Line Items]
Credit facility, basis spread on variable rate		3.00%
Credit Agreement | Line of Credit | Maximum | Eurodollar
Debt Disclosure [Line Items]
Credit facility, basis spread on variable rate		4.00%
7.878% notes, due 2021 | Senior Notes
Debt Disclosure [Line Items]
Long-Term Debt, principal amount	$ 175,000,000
Long-Term Debt, interest rate	7.875%	7.875%	7.875%
Long-Term Debt, Issued price per $100	97.832%
Net proceeds from issuance of senior notes	$ 171,200,000
Long-Term Debt, discount	3,800,000
Long-Term Debt, debt issuance costs	$ 4,600,000
Debt premium percentage		3.00%
Long-Term Debt, fair value		$ 180,300,000
10.25% Notes, due 2017 | Senior Notes
Debt Disclosure [Line Items]
Long-Term Debt, principal amount		$ 150,000,000
Long-Term Debt, interest rate	10.25%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
State and Local Jurisdiction
Income Taxes [Line Items]
Net operating loss carryforwards	$ 272
Internal Revenue Service (IRS)
Income Taxes [Line Items]
Net operating loss carryforwards	$ 223.1
Net operating loss carryforwards, expiration date	2,017

Deferred Cemetery Revenues Net

Deferred Cemetery Revenues Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deferred Revenue Arrangement [Line Items]
Deferred merchandise trust unrealized gains (losses)	$ (70,793)	$ 2,284
Deferred cost of goods sold	(70,982)	(60,603)
Deferred cemetery revenues, net	645,233	643,408
Deferred selling and obtaining costs	108,754	97,795
Pre Acquisition Margin
Deferred Revenue Arrangement [Line Items]
Deferred cemetery revenues, net	140,389	140,378
Merchandise Trusts
Deferred Revenue Arrangement [Line Items]
Deferred cemetery revenues, net	128,779	104,717
Cemetery
Deferred Revenue Arrangement [Line Items]
Deferred cemetery revenues, net	$ 517,840	$ 456,632

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 05, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Leases And Employment Agreements Disclosure [Line Items]
Legal settlement		$ 3,000		$ 3,000
Operating lease expense		$ 900	$ 500	$ 2,400	$ 1,700
Lease commencement date	Feb. 1, 2016
Lease expiration date	Jul. 31, 2028
Minimum
Leases And Employment Agreements Disclosure [Line Items]
Operating lease, initial term				1 year
Maximum
Leases And Employment Agreements Disclosure [Line Items]
Operating lease, initial term				25 years

Operating Leases Future Payment

Operating Leases Future Payments (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Operating Leases Future Minimum Payments Due [Line Items]
2,015	$ 812
2,016	3,087
2,017	3,292
2,018	3,205
2,019	2,885
2,020	1,691
Thereafter	10,471
Total	$ 25,443

Activity Relating to Number of

Activity Relating to Number of Common Units Outstanding (Detail) - shares	Aug. 14, 2015	Jul. 10, 2015	May. 15, 2015	Feb. 16, 2015	Sep. 30, 2015
Limited Partners' Capital Account [Line Items]
Outstanding, beginning of period					29,203,595
Public offerings		2,415,000			2,415,000
Unit distributions	48,346		49,911	54,622	152,879
Unit-based compensation					7,631
Outstanding, end of period					31,779,105

Compensation Expense Recognized

Compensation Expense Recognized Related to Unit Appreciation Rights and Restricted Phantom Unit Awards (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 277	$ 265	$ 824	$ 802
Unit appreciation rights
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	15	21	55	60
Restricted phantom units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 262	$ 244	$ 769	$ 742

Partners' Capital - Additional

Partners' Capital - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Aug. 14, 2015	Jul. 10, 2015	May. 15, 2015	Feb. 16, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Limited Partners' Capital Account [Line Items]
Units excluded from the calculation of diluted weighted average number of limited partners' units, because of their anti-dilutive effect					192,482	180,959	187,640	179,929
Common units issued					7,631		7,631
Public offering, common units sold		2,415,000					2,415,000
Public offering, price per unit		$ 29.63
Public offering, net proceeds		$ 67.9
Distribution units issued	48,346		49,911	54,622			152,879
Cash Distributions paid	$ 1.5		$ 1.4	$ 1.4
Unit appreciation rights
Limited Partners' Capital Account [Line Items]
Non-vested unit appreciation rights expense outstanding					$ 0.1		$ 0.1

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Thousands

Aug. 31, 2015USD ($)Property

Aug. 20, 2015USD ($)Property

Aug. 06, 2015USD ($)Property

Jul. 21, 2015USD ($)Property

Jun. 10, 2014USD ($)Property

May. 28, 2014USD ($)Property

Jan. 16, 2014USD ($)Property

Sep. 30, 2015USD ($)

Sep. 30, 2014USD ($)

Sep. 30, 2015USD ($)

Sep. 30, 2014USD ($)

Dec. 31, 2014USD ($)

Business Acquisition [Line Items]

Deferred cash consideration

$ 876

Goodwill acquired

$ 5,212

Aggregate fixed rent payment to landlord

$ 25,443

25,443

Funeral Home

Business Acquisition [Line Items]

Goodwill acquired

5,212

$ 2,400

Cemetery Operations South East

Business Acquisition [Line Items]

Goodwill acquired

2,800

Cemetery Operations North East

Business Acquisition [Line Items]

Goodwill acquired

3,300

Gloria Weiss Realty LLC

Business Acquisition [Line Items]

Consideration paid

$ 900

Gloria Weiss Realty LLC | Cemetery property

Business Acquisition [Line Items]

Number of properties acquired | Property

1

Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd

Business Acquisition [Line Items]

Consideration paid

$ 5,700

Intangible asset

$ 150

Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Cemetery property

Business Acquisition [Line Items]

Number of properties acquired | Property

1

Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Funeral Homes Property

Business Acquisition [Line Items]

Number of properties acquired | Property

3

Bronze Stone LLC

Business Acquisition [Line Items]

Consideration paid

$ 1,500

Intangible asset

$ 33

Bronze Stone LLC | Cemetery property

Business Acquisition [Line Items]

Number of properties acquired | Property

2

First Quarter 2014 Acquisition

Business Acquisition [Line Items]

Consideration paid

$ 200

First Quarter 2014 Acquisition | Cemetery property

Business Acquisition [Line Items]

Number of properties acquired | Property

1

Second Quarter 2014 Acquisition

Business Acquisition [Line Items]

Consideration paid

$ 53,800

53,800

Intangible asset

$ 59,758

1,170

Up-front rental payment to landlord

53,000

Aggregate fixed rent payment to landlord

$ 36,000

Potential repayment of up-front amount if lease is terminated

$ 53,000

Percentage of sales proceeds to landlord from the sale of undeveloped land

51.00%

Present value of fixed rent liability

$ 8,368

Gross fixed rent liability

36,000

Fixed rent, discount

$ 27,632

Effective annual discount rate

8.30%

Second Quarter 2014 Acquisition | Funeral Home

Business Acquisition [Line Items]

Intangible asset

$ 1,200

Second Quarter 2014 Acquisition | Funeral Home | Other Assets

Business Acquisition [Line Items]

Finite lived intangible asset, amortization period

36 years

Second Quarter 2014 Acquisition | If terminated by Tenant due to Landlord's default

Business Acquisition [Line Items]

Amortization period for lease termination

60 years

Second Quarter 2014 Acquisition | If terminated by Landlord due to Tenant's default

Business Acquisition [Line Items]

Amortization period for lease termination

30 years

Second Quarter 2014 Acquisition | Minimum

Business Acquisition [Line Items]

Fixed rent for lease, years deferred

6 years

Second Quarter 2014 Acquisition | Maximum

Business Acquisition [Line Items]

Fixed rent for lease, years deferred

11 years

Second Quarter 2014 Acquisition | Cemetery property

Business Acquisition [Line Items]

Number of properties acquired | Property

12

13

Finite lived intangible asset, amortization period

60 years

Second Quarter 2014 Acquisition | Cemetery property | License Agreement

Business Acquisition [Line Items]

Number of properties acquired | Property

8

Second Quarter 2014 Acquisition | Cemetery property | Management Agreement

Business Acquisition [Line Items]

Number of properties acquired | Property

5

Second Quarter 2014 Acquisition | Funeral Homes Property

Business Acquisition [Line Items]

Number of properties acquired | Property

9

Vista Funeral Home Inc

Business Acquisition [Line Items]

Consideration paid

5,000

Deferred cash consideration

876

Intangible asset

$ 143

Vista Funeral Home Inc | Cemetery property

Business Acquisition [Line Items]

Number of properties acquired | Property

1

Two Thousand Fifteen Acquisitions

Business Acquisition [Line Items]

Property Acquired, revenue contributed

600

600

Property Acquired, operating profit (loss) contributed

200

200

Two Thousand Fourteen Acquisitions

Business Acquisition [Line Items]

Property Acquired, revenue contributed

10,800

$ 8,000

31,600

$ 10,300

Property Acquired, operating profit (loss) contributed

$ 1,800

$ 400

$ 4,800

$ 400

Final Assessment of Fair Value

Final Assessment of Fair Value of Net Assets Acquired and Resulting Gain on Bargain Purchase of First Quarter Twenty Fourteen (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Aug. 20, 2015	Aug. 06, 2015	Jul. 21, 2015	Jun. 10, 2014	Jan. 16, 2014	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	May. 28, 2014
Business Acquisition [Line Items]
Deferred cash consideration	$ 876
Gain on bargain purchase							$ 1,540	$ 1,540	$ 412
Goodwill from purchase							$ 64,048	$ 64,048	$ 57,210	$ 58,836
First Quarter 2014 Acquisition
Business Acquisition [Line Items]
Total assets						$ 3,955
Total liabilities						3,343
Fair value of net assets acquired						612
Consideration paid						200
Gain on bargain purchase						412
First Quarter 2014 Acquisition | Other liabilities
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed						20
First Quarter 2014 Acquisition | Accounts receivable
Business Acquisition [Line Items]
Estimated fair value of assets acquired						47
First Quarter 2014 Acquisition | Perpetual care trusts, restricted, at fair value | Merchandise Trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired						2,607
First Quarter 2014 Acquisition | Perpetual care trusts, restricted, at fair value | Perpetual care trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired						691
First Quarter 2014 Acquisition | Deferred margin
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed						1,035
First Quarter 2014 Acquisition | Merchandise Liabilities Noncurrent
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed						956
First Quarter 2014 Acquisition | Deferred tax liability
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed						641
First Quarter 2014 Acquisition | Perpetual care trust corpus | Perpetual care trusts
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed						691
First Quarter 2014 Acquisition | Property and equipment
Business Acquisition [Line Items]
Estimated fair value of property acquired						140
First Quarter 2014 Acquisition | Cemetery property
Business Acquisition [Line Items]
Estimated fair value of property acquired						$ 470
Second Quarter 2014 Acquisition
Business Acquisition [Line Items]
Estimated fair value of assets acquired										1,170	$ 59,758
Total assets										97,788	61,368
Total liabilities										52,461	8,368
Fair value of net assets acquired										45,327	$ 53,000
Consideration paid					$ 53,800					53,800
Goodwill from purchase										8,473
Second Quarter 2014 Acquisition | Other liabilities
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed										63
Second Quarter 2014 Acquisition | Other Assets
Business Acquisition [Line Items]
Estimated fair value of assets acquired										178
Second Quarter 2014 Acquisition | Accounts receivable
Business Acquisition [Line Items]
Estimated fair value of assets acquired										6,188
Second Quarter 2014 Acquisition | Perpetual care trusts, restricted, at fair value | Merchandise Trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired										31,534
Second Quarter 2014 Acquisition | Perpetual care trusts, restricted, at fair value | Perpetual care trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired										16,913
Second Quarter 2014 Acquisition | Deferred margin
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed										13,570
Second Quarter 2014 Acquisition | Merchandise Liabilities Noncurrent
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed										19,905
Second Quarter 2014 Acquisition | Deferred tax liability
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed										2,010
Second Quarter 2014 Acquisition | Perpetual care trust corpus
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed										16,913
Second Quarter 2014 Acquisition | Property and equipment
Business Acquisition [Line Items]
Estimated fair value of property acquired										15,776
Second Quarter 2014 Acquisition | Cemetery property
Business Acquisition [Line Items]
Estimated fair value of property acquired										$ 26,029
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd
Business Acquisition [Line Items]
Estimated fair value of assets acquired			$ 150
Total assets			8,252
Total liabilities			2,299
Fair value of net assets acquired			5,953
Consideration paid			5,700
Gain on bargain purchase			253
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Accounts receivable
Business Acquisition [Line Items]
Estimated fair value of assets acquired			62
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Perpetual care trusts, restricted, at fair value | Merchandise Trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired			511
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Perpetual care trusts, restricted, at fair value | Perpetual care trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired			2,032
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Deferred margin
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed			139
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Merchandise Liabilities Noncurrent
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed			128
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Perpetual care trust corpus
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed			2,032
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Property and equipment
Business Acquisition [Line Items]
Estimated fair value of property acquired			2,317
Herr Funeral Homes Ltd And Sunset Hill Memorial Estates Ltd | Cemetery And Funeral Home Property
Business Acquisition [Line Items]
Estimated fair value of assets acquired			$ 3,180
Bronze Stone LLC
Business Acquisition [Line Items]
Estimated fair value of assets acquired		$ 33
Total assets		5,486
Total liabilities		2,699
Fair value of net assets acquired		2,787
Consideration paid		1,500
Gain on bargain purchase		1,287
Bronze Stone LLC | Accounts receivable
Business Acquisition [Line Items]
Estimated fair value of assets acquired		158
Bronze Stone LLC | Perpetual care trusts, restricted, at fair value | Merchandise Trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired		1,999
Bronze Stone LLC | Perpetual care trusts, restricted, at fair value | Perpetual care trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired		1,541
Bronze Stone LLC | Deferred margin
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed		602
Bronze Stone LLC | Merchandise Liabilities Noncurrent
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed		556
Bronze Stone LLC | Perpetual care trust corpus | Perpetual care trusts
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed		1,541
Bronze Stone LLC | Property and equipment
Business Acquisition [Line Items]
Estimated fair value of property acquired		400
Bronze Stone LLC | Cemetery property
Business Acquisition [Line Items]
Estimated fair value of property acquired		$ 1,355
Gloria Weiss Realty LLC
Business Acquisition [Line Items]
Total assets				$ 1,548
Total liabilities				1,624
Fair value of net assets acquired				(76)
Consideration paid				900
Goodwill from purchase				976
Gloria Weiss Realty LLC | Accounts receivable
Business Acquisition [Line Items]
Estimated fair value of assets acquired				313
Gloria Weiss Realty LLC | Perpetual care trusts, restricted, at fair value | Merchandise Trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired				1,211
Gloria Weiss Realty LLC | Deferred margin
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed				200
Gloria Weiss Realty LLC | Merchandise Liabilities Noncurrent
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed				1,424
Gloria Weiss Realty LLC | Property and equipment
Business Acquisition [Line Items]
Estimated fair value of property acquired				$ 24
Vista Funeral Home Inc
Business Acquisition [Line Items]
Estimated fair value of assets acquired	143
Total assets	12,604
Total liabilities	10,964
Fair value of net assets acquired	1,640
Consideration paid	5,000
Deferred cash consideration	876
Goodwill from purchase	4,236
Vista Funeral Home Inc | Other Assets
Business Acquisition [Line Items]
Estimated fair value of assets acquired	56
Vista Funeral Home Inc | Accounts receivable
Business Acquisition [Line Items]
Estimated fair value of assets acquired	1,961
Vista Funeral Home Inc | Perpetual care trusts, restricted, at fair value | Merchandise Trusts
Business Acquisition [Line Items]
Estimated fair value of assets acquired	8,380
Vista Funeral Home Inc | Deferred margin
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed	2,275
Vista Funeral Home Inc | Merchandise Liabilities Noncurrent
Business Acquisition [Line Items]
Estimated fair value of liabilities assumed	8,689
Vista Funeral Home Inc | Property and equipment
Business Acquisition [Line Items]
Estimated fair value of property acquired	1,464
Vista Funeral Home Inc | Funeral Homes Property
Business Acquisition [Line Items]
Estimated fair value of property acquired	$ 600

Fixed Rent for Cemeteries (Deta

Fixed Rent for Cemeteries (Detail) - Second Quarter 2014 Acquisition	May. 28, 2014USD ($)
Lease Years 1-5
Management Agreement Future Minimum Payments Due [Line Items]
Fixed rent for cemeteries, per lease year	$ 0
Lease Years 6-20
Management Agreement Future Minimum Payments Due [Line Items]
Fixed rent for cemeteries, per lease year	1,000,000
Lease Years 21-25
Management Agreement Future Minimum Payments Due [Line Items]
Fixed rent for cemeteries, per lease year	1,200,000
Lease Years 26- 35
Management Agreement Future Minimum Payments Due [Line Items]
Fixed rent for cemeteries, per lease year	1,500,000
Lease Years 36-60
Management Agreement Future Minimum Payments Due [Line Items]
Fixed rent for cemeteries, per lease year	$ 0
Minimum | Lease Years 1-5
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	1 year
Minimum | Lease Years 6-20
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	6 years
Minimum | Lease Years 21-25
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	21 years
Minimum | Lease Years 26- 35
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	26 years
Minimum | Lease Years 36-60
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	36 years
Maximum | Lease Years 1-5
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	5 years
Maximum | Lease Years 6-20
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	20 years
Maximum | Lease Years 21-25
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	25 years
Maximum | Lease Years 26- 35
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	35 years
Maximum | Lease Years 36-60
Management Agreement Future Minimum Payments Due [Line Items]
Lease years	60 years

Asset and Liabilities Recognize

Asset and Liabilities Recognized (Detail) - Second Quarter 2014 Acquisition - USD ($) $ in Thousands	Dec. 31, 2014	May. 28, 2014
Business Acquisition [Line Items]
Accounts receivable		$ 1,610
Intangible asset	$ 1,170	59,758
Total assets	97,788	61,368
Obligation for lease and management agreements		36,000
Discount on obligation for lease and management agreements		(27,632)
Obligation for lease and management agreements, net		8,368
Total liabilities	52,461	8,368
Total net assets	$ 45,327	$ 53,000

Consolidated Pro Forma Informat

Consolidated Pro Forma Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Revenue	$ 78,972	$ 79,576	$ 229,971	$ 231,752
Net income (loss)	$ (4,606)	$ (2,770)	$ (17,358)	$ 393
Net income (loss) per limited partner unit (basic and diluted)	$ (0.14)	$ (0.09)	$ (0.57)	$ 0.01

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015Segment
Segment Reporting Information [Line Items]
Number of distinct reportable segments	5
Pre-need sales revenue recognition, percentage of sales price collected	10.00%
Cemetery
Segment Reporting Information [Line Items]
Number of distinct reportable segments	3

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Revenues
Revenues	$ 78,200	$ 78,174	$ 226,442	$ 214,094
Costs and expenses
Cost of sales	8,728	9,062	25,618	25,216
Cemetery	18,245	18,076	53,789	47,546
Selling	14,647	16,494	44,326	42,544
General and administrative	8,819	9,808	27,340	26,333
Corporate overhead	8,152	8,392	26,979	22,394
Depreciation and amortization	3,311	3,112	9,207	7,993
Funeral home	11,208	10,359	35,507	29,081
Acquisition related costs, net of recoveries	963	451	1,648	2,040
Total cost and expenses	74,073	75,754	224,414	203,147
Operating profit (loss)	4,127	2,420	2,028	10,947
Total assets	1,681,700	1,712,797	1,681,700	1,712,797	$ 1,699,464
Long lived asset additions	13,562	4,447	21,166	113,802
Goodwill	64,048	57,210	64,048	57,210	58,836
Sales
Revenues
Revenues	38,745	42,674	108,394	109,508
Service and other
Revenues
Revenues	25,213	23,261	75,052	69,122
Funeral Homes Property
Revenues
Revenues	14,242	12,239	42,996	35,464
Cemetery property
Costs and expenses
Amortization of cemetery property	2,213	1,979	6,140	7,084
Cemetery Operations South East
Costs and expenses
Goodwill	8,950		8,950		8,950
Cemetery Operations North East
Costs and expenses
Goodwill	3,288		3,288		3,288
Cemetery Operations West
Costs and expenses
Goodwill	11,948		11,948		11,948
Funeral Home
Costs and expenses
Goodwill	39,862		39,862		$ 34,650
Operating Segments | Cemetery Operations South East
Revenues
Revenues	36,102	32,750	112,498	100,404
Costs and expenses
Cost of sales	5,690	4,828	17,332	15,045
Cemetery	7,534	7,533	22,518	21,057
Selling	8,471	8,173	26,552	24,019
General and administrative	4,629	4,343	13,921	13,053
Depreciation and amortization	833	800	2,443	2,094
Total cost and expenses	27,157	25,677	82,766	75,268
Operating profit (loss)	8,945	7,073	29,732	25,136
Total assets	622,820	636,192	622,820	636,192
Long lived asset additions	2,206	1,950	6,451	28,470
Goodwill	8,950	8,949	8,950	8,949
Operating Segments | Cemetery Operations South East | Sales
Revenues
Revenues	26,264	22,653	78,128	69,319
Operating Segments | Cemetery Operations South East | Service and other
Revenues
Revenues	9,838	10,097	34,370	31,085
Operating Segments | Cemetery Operations South East | Cemetery property
Costs and expenses
Amortization of cemetery property	1,457	1,035	4,059	3,499
Operating Segments | Cemetery Operations North East
Revenues
Revenues	24,724	24,268	73,462	61,112
Costs and expenses
Cost of sales	3,318	2,555	9,221	6,576
Cemetery	6,608	6,576	19,378	14,499
Selling	4,931	4,572	15,368	11,443
General and administrative	2,616	2,132	7,731	5,533
Depreciation and amortization	639	670	1,883	1,244
Total cost and expenses	18,112	16,505	53,581	39,295
Operating profit (loss)	6,612	7,763	19,881	21,817
Total assets	419,729	423,434	419,729	423,434
Long lived asset additions	502	1,205	2,272	72,515
Goodwill	3,288	3,288	3,288	3,288
Operating Segments | Cemetery Operations North East | Sales
Revenues
Revenues	15,475	13,228	44,024	31,583
Operating Segments | Cemetery Operations North East | Service and other
Revenues
Revenues	9,249	11,040	29,438	29,529
Operating Segments | Cemetery Operations North East | Cemetery property
Costs and expenses
Amortization of cemetery property	1,131	341	2,385	1,762
Operating Segments | Cemetery Operations West
Revenues
Revenues	18,895	20,145	62,131	61,979
Costs and expenses
Cost of sales	2,324	2,167	7,045	7,686
Cemetery	4,103	3,967	11,893	11,990
Selling	3,940	4,001	12,382	11,462
General and administrative	1,574	3,333	5,688	7,747
Depreciation and amortization	461	539	1,417	1,593
Total cost and expenses	12,402	14,007	38,425	40,478
Operating profit (loss)	6,493	6,138	23,706	21,501
Total assets	427,419	448,732	427,419	448,732
Long lived asset additions	5,871	906	6,804	3,350
Goodwill	11,948	11,948	11,948	11,948
Operating Segments | Cemetery Operations West | Sales
Revenues
Revenues	12,628	11,512	36,809	35,211
Operating Segments | Cemetery Operations West | Service and other
Revenues
Revenues	6,267	8,633	25,322	26,768
Operating Segments | Cemetery Operations West | Cemetery property
Costs and expenses
Amortization of cemetery property	322	435	1,062	2,237
Operating Segments | Funeral Home
Revenues
Revenues	17,077	14,457	50,226	40,777
Costs and expenses
Depreciation and amortization	780	867	2,381	2,346
Funeral home	11,625	10,674	36,911	29,813
Total cost and expenses	12,405	11,541	39,292	32,159
Operating profit (loss)	4,672	2,916	10,934	8,618
Total assets	185,712	163,762	185,712	163,762
Long lived asset additions	4,388	203	4,859	9,024
Goodwill	39,862	33,025	39,862	33,025
Operating Segments | Funeral Home | Funeral Homes Property
Revenues
Revenues	17,077	14,457	50,226	40,777
Corporate
Costs and expenses
Selling	692	631	1,974	1,480
Corporate overhead	8,152	8,392	26,979	22,394
Depreciation and amortization	598	236	1,083	716
Acquisition related costs, net of recoveries	963	451	1,648	2,040
Total cost and expenses	10,405	9,710	31,684	26,630
Operating profit (loss)	(10,405)	(9,710)	(31,684)	(26,630)
Total assets	26,020	40,677	26,020	40,677
Long lived asset additions	595	183	780	443
Adjustment
Revenues
Revenues	(18,598)	(13,446)	(71,875)	(50,178)
Costs and expenses
Cost of sales	(2,604)	(488)	(7,980)	(4,091)
Selling	(3,387)	(883)	(11,950)	(5,860)
Funeral home	(417)	(315)	(1,404)	(732)
Total cost and expenses	(6,408)	(1,686)	(21,334)	(10,683)
Operating profit (loss)	(12,190)	(11,760)	(50,541)	(39,495)
Adjustment | Sales
Revenues
Revenues	(15,622)	(4,719)	(50,567)	(26,605)
Adjustment | Service and other
Revenues
Revenues	(141)	(6,509)	(14,078)	(18,260)
Adjustment | Funeral Homes Property
Revenues
Revenues	(2,835)	(2,218)	(7,230)	(5,313)
Adjustment | Cemetery property
Costs and expenses
Amortization of cemetery property	$ (697)	$ 168	$ (1,366)	$ (414)

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value (Detail) - Variable Interest Entity, Primary Beneficiary - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Perpetual care trusts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	$ 311,781	$ 345,105
Perpetual care trusts | Short-term investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	14,455	26,644
Perpetual care trusts | Short-term investments | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	14,455	26,644
Perpetual care trusts | Fixed maturities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	23,188	24,032
Perpetual care trusts | Fixed maturities | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	113	116
Perpetual care trusts | Fixed maturities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	23,075	23,916
Perpetual care trusts | Fixed maturities | U.S. Government and federal agency
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	113	116
Perpetual care trusts | Fixed maturities | U.S. Government and federal agency | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	113	116
Perpetual care trusts | Fixed maturities | U.S. State and local government agency
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	27	79
Perpetual care trusts | Fixed maturities | U.S. State and local government agency | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	27	79
Perpetual care trusts | Fixed maturities | Corporate debt securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	22,677	23,466
Perpetual care trusts | Fixed maturities | Corporate debt securities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	22,677	23,466
Perpetual care trusts | Fixed maturities | Other debt securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	371	371
Perpetual care trusts | Fixed maturities | Other debt securities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	371	371
Perpetual care trusts | Mutual funds - debt securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	210,337	123,894
Perpetual care trusts | Mutual funds - debt securities | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	210,337	123,894
Perpetual care trusts | Mutual funds - equity securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	61,294	125,436
Perpetual care trusts | Mutual funds - equity securities | real estate sector
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	15,616	41,753
Perpetual care trusts | Mutual funds - equity securities | real estate sector | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	15,616	41,753
Perpetual care trusts | Mutual funds - equity securities | energy sector
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	13,246	14,829
Perpetual care trusts | Mutual funds - equity securities | energy sector | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	13,246	14,829
Perpetual care trusts | Mutual funds - equity securities | Master limited partnerships
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	26,432	43,596
Perpetual care trusts | Mutual funds - equity securities | Master limited partnerships | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	26,432	43,596
Perpetual care trusts | Mutual funds - equity securities | Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	6,000	25,258
Perpetual care trusts | Mutual funds - equity securities | Other | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	6,000	25,258
Perpetual care trusts | Equity securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	2,287	45,074
Perpetual care trusts | Equity securities | Master limited partnerships
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	1,268	43,207
Perpetual care trusts | Equity securities | Master limited partnerships | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	1,268	43,207
Perpetual care trusts | Equity securities | Global Equity Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	1,019	1,867
Perpetual care trusts | Equity securities | Global Equity Securities | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	1,019	1,867
Perpetual care trusts | Other invested assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	220	25
Perpetual care trusts | Other invested assets | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	220	25
Perpetual care trusts | Total managed investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	311,781	345,105
Perpetual care trusts | Total managed investments | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	288,486	321,164
Perpetual care trusts | Total managed investments | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	23,295	23,941
Merchandise Trusts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	459,320	484,820
Merchandise Trusts | Short-term investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	27,125	52,521
Merchandise Trusts | Short-term investments | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	27,125	52,521
Merchandise Trusts | Fixed maturities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	18,954	16,384
Merchandise Trusts | Fixed maturities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	18,954	16,384
Merchandise Trusts | Fixed maturities | U.S. State and local government agency
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	91	269
Merchandise Trusts | Fixed maturities | U.S. State and local government agency | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	91	269
Merchandise Trusts | Fixed maturities | Corporate debt securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	11,695	8,976
Merchandise Trusts | Fixed maturities | Corporate debt securities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	11,695	8,976
Merchandise Trusts | Fixed maturities | Other debt securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	7,168	7,139
Merchandise Trusts | Fixed maturities | Other debt securities | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	7,168	7,139
Merchandise Trusts | Mutual funds - debt securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	232,239	142,680
Merchandise Trusts | Mutual funds - debt securities | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	232,239	142,680
Merchandise Trusts | Mutual funds - equity securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	118,258	179,458
Merchandise Trusts | Mutual funds - equity securities | real estate sector
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	17,366	58,672
Merchandise Trusts | Mutual funds - equity securities | real estate sector | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	17,366	58,672
Merchandise Trusts | Mutual funds - equity securities | energy sector
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	8,279	7,733
Merchandise Trusts | Mutual funds - equity securities | energy sector | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	8,279	7,733
Merchandise Trusts | Mutual funds - equity securities | Master limited partnerships
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	13,899	22,927
Merchandise Trusts | Mutual funds - equity securities | Master limited partnerships | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	13,899	22,927
Merchandise Trusts | Mutual funds - equity securities | Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	78,714	90,126
Merchandise Trusts | Mutual funds - equity securities | Other | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	78,714	90,126
Merchandise Trusts | Equity securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	45,713	80,299
Merchandise Trusts | Equity securities | Master limited partnerships
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	18,382	50,091
Merchandise Trusts | Equity securities | Master limited partnerships | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	18,382	50,091
Merchandise Trusts | Equity securities | Global Equity Securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	27,331	30,208
Merchandise Trusts | Equity securities | Global Equity Securities | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	27,331	30,208
Merchandise Trusts | Other invested assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	7,198	5,159
Merchandise Trusts | Other invested assets | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	7,198	5,159
Merchandise Trusts | Total managed investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	449,487	476,501
Merchandise Trusts | Total managed investments | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	423,335	454,958
Merchandise Trusts | Total managed investments | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Available for sale securities	$ 26,152	$ 21,543