Service Corporation International (SCI) 10-Q 2 May 23 2023 Q1 Quarterly report Financial data

Cover Page Details

Cover Page Details - shares	3 Months Ended
	Mar. 31, 2023	May 02, 2023
Document Information [Line Items]
Document Quarterly Report	true
Document Type	10-Q
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Entity File Number	1-6402-1
Entity Registrant Name	SERVICE CORPORATION INTERNATIONAL
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	74-1488375
Entity Address, Address Line One	1929 Allen Parkway
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77019
City Area Code	(713)
Local Phone Number	522-5141
Title of 12(b) Security	Common Stock ($1 par value)
Trading Symbol	SCI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	151,939,138
Subsequent Event [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		151,169,858

Document and Entity Information

Document and Entity Information Document	3 Months Ended
	Mar. 31, 2023 shares
Document Information [Line Items]
Entity Registrant Name	SERVICE CORPORATION INTERNATIONAL
Entity Central Index Key	0000089089
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Shell Company	false
Amendment Flag	false
Entity Common Stock, Shares Outstanding	151,939,138
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Product Information [Line Items]
Revenue	$ 1,028,709	$ 1,112,403
Costs of revenue	(739,615)	(735,490)
Gross profit	289,094	376,913
Corporate general and administrative expenses	(44,160)	(41,704)
Gains on divestitures and impairment charges, net	691	489
Operating income	245,625	335,698
Interest expense	(53,916)	(39,028)
Losses on early extinguishment of debt, net	(1,060)	0
Other income (expense), net	1,209	128
Income before income taxes	191,858	296,798
(Provision for) benefit from income taxes	(47,029)	(77,231)
Net income	144,829	219,567
Net income attributable to noncontrolling interests	(66)	(54)
Net income attributable to common stockholders	$ 144,763	$ 219,513
Basic earnings per share:
Net income attributable to common stockholders, basic	$ 0.95	$ 1.36
Basic weighted average number of shares	153,125	161,328
Diluted earnings per share:
Net income attributable to common stockholders, diluted	$ 0.93	$ 1.34
Diluted weighted average number of shares	155,300	163,807
Dividends declared per share	$ 270
Product [Member]
Product Information [Line Items]
Revenue	$ 515,242	$ 561,547
Costs of revenue	(258,602)	(260,051)
Service [Member]
Product Information [Line Items]
Revenue	439,505	480,609
Costs of revenue	(231,298)	(219,538)
Product and Service, Other [Member]
Product Information [Line Items]
Revenue	73,962	70,247
Costs of revenue	$ (249,715)	$ (255,901)

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 144,829	$ 219,567
Foreign currency translation adjustments	298	7,279
Total comprehensive income	145,127	226,846
Total comprehensive income attributable to noncontrolling interests	(65)	(54)
Total comprehensive income attributable to common stockholders	$ 145,062	$ 226,792

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 157,831	$ 191,938
Receivables, net	100,864	96,681
Inventories	35,200	31,740
Other	32,219	39,487
Total current assets	326,114	359,846
Accounts Receivable, Allowance for Credit Loss	(5,112)	(6,186)
Preneed receivables, net and trust investments	5,777,597	5,577,499
Cemetery property	1,948,809	1,939,816
Property and equipment, net	2,372,563	2,350,549
Goodwill	1,948,014	1,945,588
Allowance for credit losses for Deferred charges and other assets	2,577	3,602
Deferred charges and other assets	1,196,326	1,190,426
Accounts Receivable, Allowance for Credit Loss, Noncurrent	(28,353)	(27,314)
Cemetery perpetual care trust investments	1,774,489	1,702,313
Total assets	15,343,912	15,066,037
Current liabilities:
Accounts payable and accrued liabilities	659,112	707,488
Current maturities of long-term debt	71,358	90,661
Income taxes payable	36,929	1,131
Total current liabilities	767,399	799,280
Long-term debt	4,327,787	4,251,083
Deferred preneed revenue	1,644,714	1,624,028
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	444,484	445,040
Other liabilities	420,685	411,376
Deferred receipts held in trust	4,347,600	4,163,520
Care trusts’ corpus	1,769,342	1,698,287
Commitments and contingencies (Note 9)
Common stock, shares authorized	500,000,000
Common stock, par or stated value per share	$ 1
Common stock, shares outstanding	151,939,138	153,940,365
Equity:
Common Stock, Value, Outstanding	$ 151,939	$ 153,940
Capital in excess of par value	953,368	958,329
Retained Earnings (Accumulated Deficit)	499,567	544,384
Accumulated other comprehensive income	16,837	16,538
Total common stockholders’ equity	1,621,711	1,673,191
Noncontrolling interests	190	232
Total equity	1,621,901	1,673,423
Total liabilities and equity	$ 15,343,912	$ 15,066,037
Common stock, shares, issued	156,518,824	156,088,438

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses for Deferred charges and other assets	$ 2,577	$ 3,602

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Cash Flows [Abstract]
Net income	$ 144,829	$ 219,567
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on early extinguishment of debt	1,060	0
Depreciation and amortization	46,114	42,436
Amortization of intangibles	4,731	5,074
Amortization of cemetery property	20,338	24,849
Amortization of loan costs	1,697	1,644
Provision for expected credit losses	1,906	3,078
Benefit from deferred income taxes	(492)	(4,580)
Share-based compensation	4,478	3,687
Gain (Loss) on Disposition of Assets	(691)	(489)
Change in assets and liabilities, net of effects from acquisitions and divestitures:
Increase (Decrease) in Accounts Receivable	8,329	5,435
Increase (Decrease) in Other Operating Assets	(17,421)	(2,714)
Increase (Decrease) in Operating Liabilities	(1,977)	(52,003)
Effect of preneed funeral production and maturities:
Increase in preneed receivables, net and trust investments	(39,923)	(91,641)
Increase in deferred revenue, net	41,030	67,625
Increase in deferred receipts held in trust	1,610	6,199
Net cash provided by operating activities	219,572	332,173
Cash flows from investing activities:
Capital expenditures	(77,903)	(56,748)
Payments to Acquire Businesses, Net of Cash Acquired	(8,700)	0
Payments for (Proceeds from) Deposits on Real Estate Acquisitions	(16,666)	(226)
Proceeds from divestitures and sales of property and equipment	9,741	2,986
Payment to Acquire Life Insurance Policy, Investing Activities	(1,366)	(1,666)
Net cash used in investing activities	(94,894)	(55,654)
Cash flows from financing activities
Payments of Debt Issuance Costs	7,471	0
Proceeds from issuance of long-term debt	408,383	75,000
Early payments and extinguishment of debt	(345,073)	0
Finance Lease, Principal Payments	8,537	9,059
Repayments of Unsecured Debt	(5,287)	(9,075)
Proceeds from exercise of stock options	8,763	272
Purchase of Company common stock	(165,950)	(256,355)
Payments of dividends	(41,207)	(39,964)
Bank overdrafts and other	(6,729)	(12,517)
Net cash (used in) provided by financing activities	(163,108)	(251,698)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	20	2,556
Net (decrease) increase in cash, cash equivalents, and restricted cash	(38,410)	27,377
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 166,114	$ 305,932

Consolidated Statement of Equit

Consolidated Statement of Equity - USD ($) $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings [Member]	Accumulated Other Comprehensive Income	Noncontrolling Interest	Treasury Stock, Common
Balance at beginning of period at Dec. 31, 2021	$ 1,909,449	$ 166,822	$ 979,096	$ 727,021	$ 40,214	$ 4	$ (3,708)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Comprehensive income	226,846	0	0	219,513	7,279	54	0
Dividends, Common Stock	(39,964)	0	0	39,964	0	0	0
Stock option exercises	272	7	265	0	0	0	0
Restricted stock awards, net of forfeitures	0	147	(147)	0	0	0	0
Employee share-based compensation earned	3,687	0	3,687	0	0	0	0
Purchase of Company common stock	(256,355)	0	(24,613)	(227,638)	0	0	(4,104)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	162	0	0	0	0	162	0
Other	1,127	0	1,127	0	0	0	0
Balance at end of period at Mar. 31, 2022	1,842,646	166,976	957,161	678,932	47,493	(104)	(7,812)
Balance at beginning of period at Dec. 31, 2022	1,673,423	156,089	958,329	544,384	16,538	232	(2,149)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Comprehensive income	145,127	0	0	144,763	299	65	0
Dividends, Common Stock	$ (41,207)	0	0	(41,207)	0	0	0
Dividends declared per share	$ 270
Stock option exercises	$ 8,763	298	8,465	0	0	0	0
Restricted stock awards, net of forfeitures	0	132	(133)	0	0	0	1
Employee share-based compensation earned	4,478	0	4,478	0	0	0	0
Purchase of Company common stock	(167,305)	0	(16,500)	(148,373)	0	0	(2,432)
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	107	0	0	0	0	107	0
Other	1,271	0	1,271	0	0	0	0
Balance at end of period at Mar. 31, 2023	$ 1,621,901	$ 156,519	$ 953,368	$ 499,567	$ 16,837	$ 190	$ (4,580)

Preneed Activities Preneed Acti

Preneed Activities Preneed Activities Receivables Net and Trust Invesments - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Total Preneed receivables, Past Due	$ 106,057
Preneed Receivable, Not Past Due	1,339,018
Investments	6,135,364	$ 5,877,603
Accounts Receivable, before Allowance for Credit Loss, Noncurrent	1,445,075	1,429,523
Beginning balance — Preneed funeral receivables and trust investments	5,577,499
Deposits to trust	137,245
Ending balance — Preneed funeral receivables and trust investments	5,777,597
Cemetery perpetual care trust investments	1,774,489	1,702,313
Deferred Discounts, Finance Charges and Interest Included in Receivables	(17,804)	(17,889)
Accounts Receivable, after Allowance for Credit Loss, Noncurrent	1,416,722	1,402,209
Preneed Accounts Receivable Gross	1,462,879	1,447,412
Accounts Receivable, Allowance for Credit Loss, Noncurrent	(28,353)	(27,314)
Accounts Receivable, Noncurrent, Originated in Current Fiscal Year	153,220
Accounts Receivable, Noncurrent, Originated in Fiscal Year before Latest Fiscal Year	572,301
Accounts Receivable, Noncurrent, Originated Two Years before Latest Fiscal Year	370,592
Accounts Receivable, Noncurrent, Originated Three Years before Latest Fiscal Year	197,838
Accounts Receivable, Noncurrent, Originated Four Years before Latest Fiscal Year	85,025
Accounts Receivable, Noncurrent, Originated Five or More Years before Latest Fiscal Year	66,099
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Writeoff	799
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(1,841)
Effect of Foreign Exchange on Allowance for Credit Loss	3
Financing Receivables 30 To 90 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	30,495
Financing Receivables 91 To180 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	8,120
Financing Receivables, Equal to Greater than 180 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	25,941
Financial Receivables, 1 to 29 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	41,501
Funeral [Member]
Total Preneed receivables, Past Due	31,504
Preneed Receivable, Not Past Due	146,163
Accounts Receivable, before Allowance for Credit Loss, Noncurrent	177,667	168,979
Deferred Discounts, Finance Charges and Interest Included in Receivables	(10,837)	(11,129)
Accounts Receivable, after Allowance for Credit Loss, Noncurrent	162,519	154,541
Preneed Accounts Receivable Gross	188,504	180,108
Accounts Receivable, Allowance for Credit Loss, Noncurrent	(15,148)	(14,438)
Accounts Receivable, Noncurrent, Originated in Current Fiscal Year	28,445
Accounts Receivable, Noncurrent, Originated in Fiscal Year before Latest Fiscal Year	67,155
Accounts Receivable, Noncurrent, Originated Two Years before Latest Fiscal Year	38,001
Accounts Receivable, Noncurrent, Originated Three Years before Latest Fiscal Year	18,284
Accounts Receivable, Noncurrent, Originated Four Years before Latest Fiscal Year	10,092
Accounts Receivable, Noncurrent, Originated Five or More Years before Latest Fiscal Year	15,690
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Writeoff	590
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(1,300)
Effect of Foreign Exchange on Allowance for Credit Loss	0
Funeral [Member] | Financing Receivables 30 To 90 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	2,845
Funeral [Member] | Financing Receivables 91 To180 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	2,249
Funeral [Member] | Financing Receivables, Equal to Greater than 180 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	23,166
Funeral [Member] | Financial Receivables, 1 to 29 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	3,244
Cemetery [Member]
Total Preneed receivables, Past Due	74,553
Preneed Receivable, Not Past Due	1,192,855
Accounts Receivable, before Allowance for Credit Loss, Noncurrent	1,267,408	1,260,544
Deferred Discounts, Finance Charges and Interest Included in Receivables	(6,967)	(6,760)
Accounts Receivable, after Allowance for Credit Loss, Noncurrent	1,254,203	1,247,668
Preneed Accounts Receivable Gross	1,274,375	1,267,304
Accounts Receivable, Allowance for Credit Loss, Noncurrent	(13,205)	$ (12,876)
Accounts Receivable, Noncurrent, Originated in Current Fiscal Year	124,775
Accounts Receivable, Noncurrent, Originated in Fiscal Year before Latest Fiscal Year	505,146
Accounts Receivable, Noncurrent, Originated Two Years before Latest Fiscal Year	332,591
Accounts Receivable, Noncurrent, Originated Three Years before Latest Fiscal Year	179,554
Accounts Receivable, Noncurrent, Originated Four Years before Latest Fiscal Year	74,933
Accounts Receivable, Noncurrent, Originated Five or More Years before Latest Fiscal Year	50,409
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Writeoff	209
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(541)
Effect of Foreign Exchange on Allowance for Credit Loss	3
Cemetery [Member] | Financing Receivables 30 To 90 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	27,650
Cemetery [Member] | Financing Receivables 91 To180 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	5,871
Cemetery [Member] | Financing Receivables, Equal to Greater than 180 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	2,775
Cemetery [Member] | Financial Receivables, 1 to 29 Days Past Due [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Noncurrent, Past Due [Table]	$ 38,257

Preneed Activities Preneed Ac_2

Preneed Activities Preneed Activities Deferred Preneed Revenues - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Deferred Preneed Revenues [Roll Forward]
Deferred revenue and deferred receipts held in trust	$ 5,992,314	$ 6,141,979	$ 5,787,548	$ 6,299,240
Net preneed contract sales	364,463	391,243
Acquisitions (dispositions) of businesses, net	2,904	269
Net investment (losses) earnings	178,220	(201,580)
Change in amounts due for unfulfilled performance obligations	(22,519)	(36,201)
Recognized Revenue From Backlog	(180,172)	(176,913)
Recognized Revenue From Current Period	(137,324)	(138,905)
Change in cancellation allowance	26	(146)
Effect of foreign currency and other	$ (832)	$ 4,972

Nature of Operations Level 1 (N

Nature of Operations Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Nature of Operations [Abstract]
Nature of Operations [Text Block]	Nature of Operations

Summary of Significant Accounti

Summary of Significant Accounting Policies Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation Our unaudited condensed consolidated financial statements include the accounts of Service Corporation International and all subsidiaries in which we hold a controlling financial interest. Intercompany balances and transactions have been eliminated in consolidation. Our unaudited condensed consolidated financial statements also include the accounts of the merchandise and service trusts and cemetery perpetual care trusts in which we have a variable interest and are the primary beneficiary. We have retained the specialized industry accounting principles when consolidating the trusts. Although we consolidate the trusts, it does not change the legal relationships among the trusts, us, or our customers. The customers are the legal beneficiaries of these trusts; therefore, their interests in these trusts represent a liability to us. Our interim condensed consolidated financial statements are unaudited but include all adjustments, consisting of normal recurring accruals and any other adjustments, which management considers necessary for a fair statement of our results for these periods. Our unaudited condensed consolidated financial statements have been prepared in a manner consistent with the accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2022, unless otherwise disclosed herein, and should be read in conjunction therewith. The accompanying year-end Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full year period. Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. As a result, actual results could differ from these estimates. Cash, Cash Equivalents, and Restricted Cash We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. The carrying amounts of our cash and cash equivalents approximate fair value due to the short-term nature of these instruments. The components of cash, cash equivalents, and restricted cash were as follows: March 31, 2023 December 31, 2022 (In thousands) Cash and cash equivalents $ 157,831 $ 191,938 Restricted cash (1) Included in Other current assets 6,076 10,379 Included in Deferred charges and other assets, net 2,207 2,207 Total restricted cash 8,283 12,586 Total cash, cash equivalents, and restricted cash $ 166,114 $ 204,524 (1) Restricted cash in both periods primarily consists of proceeds from divestitures deposited into escrow accounts under IRS code section 1031 and collateralized obligations under certain insurance policies. Receivables, net The components of Receivables, net in our unaudited Condensed Consolidated Balance Sheet were as follows: March 31, 2023 Atneed Funeral Atneed Cemetery Miscellaneous Current Portion of Notes Total (In thousands) Receivables $ 30,615 $ 22,301 $ 52,889 $ 171 $ 105,976 Reserve for credit losses (2,572) (2,038) (365) (137) (5,112) Receivables, net $ 28,043 $ 20,263 $ 52,524 $ 34 $ 100,864 December 31, 2022 Atneed Funeral Atneed Cemetery Miscellaneous Current Portion of Notes Total (In thousands) Receivables $ 44,417 $ 19,781 $ 38,483 $ 186 $ 102,867 Reserve for credit losses (3,627) (2,076) (344) (139) (6,186) Receivables, net $ 40,790 $ 17,705 $ 38,139 $ 47 $ 96,681 Additionally, included in Deferred charges and other assets, net were long-term miscellaneous receivables, net and notes receivable, net as follows: March 31, 2023 December 31, 2022 (In thousands) Notes receivable $ 9,498 $ 9,367 Reserve for credit losses (1,795) (2,546) Notes receivable, net $ 7,703 $ 6,821 Long-term miscellaneous receivables $ 7,619 $ 7,993 Reserve for credit losses (782) (1,056) Long-term miscellaneous receivables, net $ 6,837 $ 6,937 The following table summarizes the activity in our reserve for credit losses by portfolio segment, excluding preneed receivables which are presented in Note 3, for the three months ended March 31, 2023: December 31, 2022 (Provision) benefit for Expected Credit Losses Acquisitions Write Offs Recoveries Effect of Foreign Currency and Other March 31, 2023 (In thousands) Trade receivables: Funeral $ (3,627) $ (134) $ (83) $ 1,605 $ (390) $ 57 $ (2,572) Cemetery (2,076) (186) — 294 (69) (1) (2,038) Total reserve for credit losses on trade receivables $ (5,703) $ (320) $ (83) $ 1,899 $ (459) $ 56 $ (4,610) Miscellaneous receivables: Current $ (344) $ (22) $ — $ — $ — $ 1 $ (365) Long-term (1,056) 274 — — — — (782) Total reserve for credit losses on miscellaneous receivables $ (1,400) $ 252 $ — $ — $ — $ 1 $ (1,147) Notes receivable $ (2,685) $ 3 $ — $ 750 $ — $ — $ (1,932) At March 31, 2023, the amortized cost basis of our miscellaneous and notes receivables by year of origination was as follows: 2023 2022 2021 2020 2019 Prior Revolving Line of Credit Total (In thousands) Miscellaneous receivables: Current $ 48,972 $ 2,798 $ 601 $ 306 $ 200 $ 12 $ — $ 52,889 Long-term 793 3,077 2,080 768 852 49 — 7,619 Total miscellaneous receivables $ 49,765 $ 5,875 $ 2,681 $ 1,074 $ 1,052 $ 61 $ — $ 60,508 Notes receivable $ — $ — $ — $ 12 $ — $ 4,730 $ 4,927 $ 9,669 At March 31, 2023, the payment status of our miscellaneous and notes receivables was as follows: Past Due <30 Days 30-90 Days 90-180 Days >180 Days Total Current Total (In thousands) Miscellaneous receivables: Current $ — $ — $ 316 $ 1,103 $ 1,419 $ 51,470 $ 52,889 Long-term — — — — — 7,619 7,619 Total miscellaneous receivables $ — $ — $ 316 $ 1,103 $ 1,419 $ 59,089 $ 60,508 Notes receivable $ — $ — $ — $ 1,116 $ 1,116 $ 8,553 $ 9,669 Accounting Standards Adopted in 2023 Financial Instruments In March 2022, the Financial Accounting Standards Board (FASB) amended guidance to require public companies to disclose the vintage year of receivable write-offs during the reporting period. We adopted the amended guidance in 2023 with no impact on our consolidated results of operations, consolidated financial position, and cash flows. As receivable write-offs in the first quarter of 2023 were immaterial, we have not included the vintage year disclosure in this filing. We will add the vintage year disclosure in future filings for periods in which receivable write-offs are material, if any. Recently Issued Accounting Standards Investments In March 2023, the FASB amended guidance for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits. The amended guidance expands the option to use the proportional amortization method from investments in low-income-housing tax credit structures to all tax credit structures that meet certain requirements. The proportional amortization method results in the cost of the investment being amortized in proportion to the income tax credits and other income tax benefits received, with the investment amortization and the income tax credits presented net in the statement of operations as a component of income tax expense. The new guidance is effective as of January 1, 2024 with early adoption permitted. We are still evaluating the impact of the guidance on our consolidated results of operations, consolidated financial position, and cash flows. Leases In March 2023, the FASB amended guidance on determining the useful life of leasehold improvements associated with a lease between related parties under common control. The amended guidance requires that the leasehold improvements be amortized over the useful life of the improvements to the common control group as a whole. The new guidance is effective for us on January 1, 2024 and is not expected to have any impact on our consolidated results of operations, consolidated financial position, and cash flows. Fair Value Measurements

Preneed Activities Level 1 (Not

Preneed Activities Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Preneed Activities [Abstract]
Preneed Activities Text Block	Preneed Activities Preneed Receivables, Net and Trust Investments The components of Preneed receivables, net and trust investments in our unaudited Condensed Consolidated Balance Sheet were as follows: March 31, 2023 December 31, 2022 (In thousands) Preneed receivables, net $ 1,416,722 $ 1,402,209 Trust investments, at market 5,924,847 5,663,163 Insurance-backed fixed income securities and other 210,517 214,440 Trust investments 6,135,364 5,877,603 Less: Cemetery perpetual care trust investments (1,774,489) (1,702,313) Preneed trust investments 4,360,875 4,175,290 Preneed receivables, net and trust investments $ 5,777,597 $ 5,577,499 Preneed receivables, net comprised the following: March 31, 2023 Funeral Cemetery Total (In thousands) Preneed receivables $ 188,504 $ 1,274,375 $ 1,462,879 Unearned finance charges (10,837) (6,967) (17,804) Preneed receivables, at amortized cost 177,667 1,267,408 1,445,075 Reserve for credit losses (15,148) (13,205) (28,353) Preneed receivables, net $ 162,519 $ 1,254,203 $ 1,416,722 December 31, 2022 Funeral Cemetery Total (In thousands) Preneed receivables $ 180,108 $ 1,267,304 $ 1,447,412 Unearned finance charges (11,129) (6,760) (17,889) Preneed receivables, at amortized cost 168,979 1,260,544 1,429,523 Reserve for credit losses (14,438) (12,876) (27,314) Preneed receivables, net $ 154,541 $ 1,247,668 $ 1,402,209 At March 31, 2023, the amortized cost basis of our preneed receivables by year of origination was as follows: 2023 2022 2021 2019 2018 Prior Total (In thousands) Preneed receivables, at amortized cost: Funeral $ 28,445 $ 67,155 $ 38,001 $ 18,284 $ 10,092 $ 15,690 $ 177,667 Cemetery 124,775 505,146 332,591 179,554 74,933 50,409 1,267,408 Total preneed receivables, at amortized cost $ 153,220 $ 572,301 $ 370,592 $ 197,838 $ 85,025 $ 66,099 $ 1,445,075 At March 31, 2023, the payment status of our preneed receivables was as follows: Past Due <30 Days 30-90 Days 90-180 Days >180 Days Total Current Total (In thousands) Preneed receivables, at amortized cost: Funeral $ 3,244 $ 2,845 $ 2,249 $ 23,166 $ 31,504 $ 146,163 $ 177,667 Cemetery 38,257 27,650 5,871 2,775 74,553 1,192,855 1,267,408 Total preneed receivables, at amortized cost $ 41,501 $ 30,495 $ 8,120 $ 25,941 $ 106,057 $ 1,339,018 $ 1,445,075 The following table summarizes the activity for the reserve for credit losses on preneed receivables for the three months ended March 31, 2023: December 31, 2022 Provision for Expected Credit Losses Write-Offs Effect of Foreign Currency March 31, 2023 (In thousands) Funeral $ (14,438) $ (1,300) $ 590 $ — $ (15,148) Cemetery (12,876) (541) 209 3 (13,205) Total reserve for credit losses on preneed receivables $ (27,314) $ (1,841) $ 799 $ 3 $ (28,353) The table below sets forth certain investment-related activities associated with our trusts: Three months ended March 31, 2023 2022 (In thousands) Deposits $ 137,245 $ 127,972 Withdrawals $ 124,245 $ 122,364 Purchases of securities $ 607,476 $ 469,312 Sales of securities $ 630,740 $ 394,424 Realized gains from sales of securities (1) $ 82,330 $ 103,555 Realized losses from sales of securities (1) $ (49,910) $ (27,932) (1) All realized gains and losses are recognized in Other income, net for our trust investments and are offset by a corresponding reclassification in Other income, net to Deferred receipts held in trust and Care trusts’ corpus. The cost and market values associated with trust investments recorded at market value are detailed below. Cost reflects the investment (net of redemptions) of control holders in the trusts. Fair value represents the value of the underlying securities held by the trusts. March 31, 2023 Fair Value Hierarchy Level Cost Unrealized Unrealized Value (In thousands) Fixed income securities: U.S. Treasury 2 $ 45,239 $ 37 $ (1,749) $ 43,527 Canadian government 2 33,130 — — 33,130 Corporate 2 175 — (18) 157 Residential mortgage-backed 2 5,485 23 (111) 5,397 Asset-backed 2 293 — (51) 242 Equity securities: Preferred stock 2 4,196 — (2,062) 2,134 Common stock: United States 1 1,765,274 293,953 (155,781) 1,903,446 Canada 1 50,325 14,876 (6,962) 58,239 Other international 1 97,626 12,049 (10,055) 99,620 Mutual funds: Equity 1 916,174 82,279 (77,552) 920,901 Fixed income 1 1,098,174 1,776 (140,387) 959,563 Trust investments, at fair value 4,016,091 404,993 (394,728) 4,026,356 Commingled funds Fixed income 733,119 — (76,465) 656,654 Equity 306,512 67,597 (1,130) 372,979 Money market funds 345,577 — — 345,577 Alternative investments 372,793 154,721 (4,233) 523,281 Trust investments, at net asset value 1,758,001 222,318 (81,828) 1,898,491 Trust investments, at market $ 5,774,092 $ 627,311 $ (476,556) $ 5,924,847 December 31, 2022 Fair Value Hierarchy Level Cost Unrealized Unrealized Value (In thousands) Fixed income securities: U.S. Treasury 2 $ 45,084 $ 22 $ (2,033) $ 43,073 Canadian government 2 30,200 — — 30,200 Corporate 2 175 — (18) 157 Residential mortgage-backed 2 1,420 — (101) 1,319 Asset-backed 2 294 — (52) 242 Equity securities: Preferred stock 2 4,144 — (2,340) 1,804 Common stock: United States 1 1,707,240 283,423 (208,523) 1,782,140 Canada 1 47,821 11,765 (11,117) 48,469 Other international 1 123,440 10,561 (19,009) 114,992 Mutual funds: Equity 1 917,686 64,895 (112,374) 870,207 Fixed income 1 1,135,815 1,231 (166,286) 970,760 Trust investments, at fair value 4,013,319 371,897 (521,853) 3,863,363 Commingled funds Fixed income 730,940 2 (89,246) 641,696 Equity 309,893 40,820 (3,846) 346,867 Money market funds 325,562 — — 325,562 Alternative investments 307,275 179,491 (1,091) 485,675 Trust investments, at net asset value 1,673,670 220,313 (94,183) 1,799,800 Trust investments, at market $ 5,686,989 $ 592,210 $ (616,036) $ 5,663,163 Our alternative investments include funds invested in limited partnerships with interests in private equity, private market real estate, energy and natural resources, infrastructure, transportation, and private debt including both distressed debt and mezzanine financing. These investments can never be redeemed by the funds. Instead, due to the nature of the investments in this category, distributions are received through the liquidation of the underlying assets of the funds. The funds' managers have not communicated the timing of any liquidations. Maturity dates of our fixed income securities range from 2023 to 2040. Maturities of fixed income securities (excluding mutual and commingled funds) at March 31, 2023 are estimated as follows: Fair Value (In thousands) Due in one year or less $ 55,274 Due in one to five years 19,780 Due in five to ten years 7,289 Thereafter 110 Total estimated maturities of fixed income securities $ 82,453 Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $36.0 million and $45.9 million for the three months ended March 31, 2023 and 2022, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $22.0 million and $24.4 million for the three months ended March 31, 2023 and 2022, respectively. Deferred Revenue, Net Deferred revenue, net represents future revenue, including distributed trust investment earnings associated with unperformed trust-funded preneed contracts that are not held in trust accounts. Future revenue and net trust investment earnings that are held in trust accounts are included in Deferred receipts held in trust . The components of Deferred revenue, net in our unaudited Condensed Consolidated Balance Sheet were as follows: March 31, 2023 December 31, 2022 (In thousands) Deferred revenue $ 2,515,817 $ 2,472,693 Amounts due from customers for unfulfilled performance obligations on cancelable preneed contracts (871,103) (848,665) Deferred revenue, net $ 1,644,714 $ 1,624,028 The following table summarizes the activity for our contract liabilities, which are reflected in Deferred revenue, net and Deferred receipts held in trust : Three months ended March 31, 2023 2022 (In thousands) Beginning balance — Deferred revenue, net and Deferred receipts held in trust $ 5,787,548 $ 6,299,240 Net preneed contract sales 364,463 391,243 Acquisitions (dispositions) of businesses, net 2,904 269 Net investment gains (losses) (1) 178,220 (201,580) Recognized revenue from backlog (2) (180,172) (176,913) Recognized revenue from current period sales (137,324) (138,905) Change in amounts due on unfulfilled performance obligations (22,519) (36,201) Change in cancellation reserve 26 (146) Effect of foreign currency and other (832) 4,972 Ending balance — Deferred revenue, net and Deferred receipts held in trust $ 5,992,314 $ 6,141,979 (1) Includes both realized and unrealized investment gains (losses)

Income Taxes Level 1 (Notes)

Income Taxes Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes Income tax expense during interim periods is based on our estimated annual effective income tax rate plus any discrete items, which are recorded in the period in which they occur. Discrete items include, among others, events such as changes in estimates due to the finalization of tax returns, tax audit settlements, expiration of statutes of limitation, and increases or decreases in valuation allowances on deferred tax assets. Our effective tax rate was 24.5% and 26.0% for the three months ended March 31, 2023 and 2022, respectively. The lower effective tax rate for the three months ended March 31, 2023 was primarily due to greater excess tax benefits recognized on the settlement of employee share-based awards. The effective tax rate for the three months ended March 31, 2023 was higher than the federal statutory tax rate of 21.0% primarily due to state tax expense. Unrecognized Tax Benefits As of March 31, 2023, the total amount of our unrecognized tax benefits was $1.3 million and the total amount of our accrued interest was $0.9 million.

Debt Level 1 (Notes)

Debt Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt The components of Debt are: March 31, 2023 December 31, 2022 (In thousands) 7.5% Senior Notes due April 2027 $ 138,274 $ 138,274 4.625% Senior Notes due December 2027 550,000 550,000 5.125% Senior Notes due June 2029 750,000 750,000 3.375% Senior Notes due August 2030 850,000 850,000 4.0% Senior Notes due May 2031 800,000 800,000 Term Loan due May 2024 — 536,250 Term Loan due January 2028 670,781 — Bank Credit Facility due May 2024 — 570,000 Bank Credit Facility due January 2028 490,000 — Obligations under finance leases 119,807 120,837 Mortgage notes and other debt, maturities through 2050 70,179 66,248 Unamortized debt issuance costs (39,896) (39,865) Total debt 4,399,145 4,341,744 Less: Current maturities of long-term debt (71,358) (90,661) Total long-term debt $ 4,327,787 $ 4,251,083 Current maturities of debt at March 31, 2023 include amounts due under our term loan, mortgage notes and other debt, and finance lease payments due within the next year as well as the portion of unamortized debt issuance costs expected to be recognized in the next twelve months. Approximately, 71% and 72% of our total debt had a fixed interest rate at March 31, 2023 and December 31, 2022, respectively. The components of our weighted average interest rate are as follows: March 31, 2023 December 31, 2022 Fixed Debt 4.32 % 4.32 % Floating Debt 6.45 % 2.95 % Total Debt 4.93 % 4.00 % During the three months ended March 31, 2023 and 2022, we paid $29.6 million and $17.7 million in cash interest, respectively. Bank Credit Agreement In January 2023, we amended our $1.650 billion credit agreement due May 2024 to enter into a new $2.175 billion bank credit agreement due January 2028 with a syndicate of banks. The $2.175 billion bank credit agreement comprises a $1.5 billion Bank Credit Facility, including a sublimit of $100.0 million for letters of credit and a $675.0 million Term Loan, both due January 2028. As a result of the new agreement, we netted to a $138.8 million increase in our outstanding Term Loan balance. We also netted to a $155.0 million decrease in our outstanding Bank Credit Facility balance. The Bank Credit Facility provides us with flexibility for working capital, if needed, and is guaranteed by a majority of our domestic subsidiaries. The subsidiary guaranty is a guaranty of payment of the outstanding amount of the total lending commitment, including letters of credit. The Bank Credit Facility contains a maximum leverage ratio financial covenant and certain dividend and share repurchase restrictions. As of March 31, 2023, we were in compliance with all of our debt covenant. We issued $33.5 million of letters of credit and pay a quarterly fee on the unused commitment, which was 0.15% at March 31, 2023. As of March 31, 2023, we had $976.5 million in borrowing capacity under the Bank Credit Facility. The Bank Credit Facility had an interest rate of 6.78% and 5.64% at March 31, 2023 and December 31, 2022, respectively. Subsequent to March 31, 2023, we increased our outstanding borrowings by $75.0 million to $565.0 million under our Bank Credit Facility due January 2028. Debt Issuances and Additions During the three months ended March 31, 2023, we issued or added $408.4 million of debt including: • $284.1 million in proceeds from certain members of the syndicate of banks in our Term Loan; • $65.0 million on our Bank Credit Facility due January 2028; • $44.3 million in proceeds from certain members of the syndicate of banks in our Bank Credit Facility; • $10.0 million on our Bank Credit Facility due May 2024; and • $5.0 million in other debt. Net proceeds from newly issued debt during the three months ended March 31, 2023 were used to pay down our Bank Credit Facility due May 2024, Term Loan due May 2024, and for general corporate purposes. These transactions resulted in additional debt issuance costs of $7.5 million. During the three months ended March 31, 2022, we drew $75.0 million on our Bank Credit Facility due May 2024 for general corporate purposes. Debt Extinguishments and Reductions During the three months ended March 31, 2023, we made aggregate debt payments of $350.4 million for scheduled and early debt extinguishment payments including: • $199.3 million in aggregate principal payments to other members of our Bank Credit Facility; • $145.3 million in aggregate principal payments to other members of our Term Loan; • $4.2 million in aggregate principal of our Term Loan due January 2028; • $0.4 million of premiums paid on early extinguishment of debt; and • $1.2 million in other debt. Certain of the above transactions resulted in the recognition of a loss of $1.1 million recorded in Losses on early extinguishment of debt in our Consolidated Statement of Operations for the three months ended March 31, 2023.

Credit Risk and Fair Value of F

Credit Risk and Fair Value of Financial Instruments Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Credit Risk and Fair Value of Financial Instruments [Abstract]
Credit Risk and Fair Value of Financial Instruments [Text Block]	Credit Risk and Fair Value of Financial Instruments Fair Value Estimates The fair value estimates of the following financial instruments have been determined using available market information and appropriate valuation methodologies. The carrying values of cash and cash equivalents, trade receivables, and trade payables approximate the fair values of those instruments due to the short-term nature of the instruments. The carrying values of receivables on preneed funeral and cemetery contracts approximate fair value as the terms and conditions of these contracts are comparable to our current contract offerings. The fair value of our debt instruments was as follows: March 31, 2023 December 31, 2022 (In thousands) 7.5% Senior Notes due April 2027 $ 145,533 $ 141,499 4.625% Senior Notes due December 2027 529,760 513,909 5.125% Senior Notes due June 2029 724,508 709,125 3.375% Senior Notes due August 2030 727,549 702,202 4.0% Senior Notes due May 2031 706,000 685,680 Term Loan due May 2024 — 536,250 Term Loan due January 2028 670,781 — Bank Credit Facility due May 2024 — 570,000 Bank Credit Facility due January 2028 490,000 — Mortgage notes and other debt, maturities through 2050 67,643 63,168 Total fair value of debt instruments $ 4,061,774 $ 3,921,833

Commitments and Contingencies L

Commitments and Contingencies Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Insurance Loss Reserves We purchase comprehensive general liability, morticians and cemetery professional liability, automobile liability, and workers’ compensation insurance coverage structured with high deductibles. The high-deductible insurance program means we are primarily self-insured for claims and associated costs and losses covered by these policies. As of March 31, 2023 and December 31, 2022, we had self-insurance reserves of $99.8 million and $99.3 million, respectively. Litigation and Regulatory Matters

Equity Level 1 (Notes)

Equity Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Equity (All shares reported in whole numbers) Share Repurchase Program Subject to market conditions, normal trading restrictions, and limitations in our debt covenants, we may make purchases of our Common stock in the open market or through privately negotiated transactions under our share repurchase program. During the three months ended March 31, 2023, we repurchased 2,432,483 shares of common stock at an aggregate cost of $167.3 million, which is an average cost per share of $68.78. After these repurchases, the remaining dollar value of shares authorized to be purchased under the share repurchase program was $421.6 million at March 31, 2023. Subsequent to March 31, 2023, we repurchased 768,901 shares for $53.9 million at an average cost per share of $70.10. After these repurchases, the remaining dollar value of shares authorized to be purchased under the share repurchase program is $367.7 million.

Segment Reporting Level 1 (Note

Segment Reporting Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Segment Reporting Our operations are both product-based and geographically-based, and the reportable operating segments presented below include our funeral and cemetery operations. Our geographic areas include the United States and Canada, where we conduct both funeral and cemetery operations. Our reportable segment information, including disaggregated revenue, was as follows and includes a reconciliation of gross profit to our consolidated income before income taxes. Three months ended March 31, 2023 2022 (In thousands) Revenue from customers: Funeral revenue: Atneed revenue $ 313,240 $ 353,369 Matured preneed revenue 185,709 194,927 Core funeral revenue 498,949 548,296 Non-funeral home revenue 21,209 20,810 Recognized preneed revenue 46,426 43,122 Other revenue 43,125 36,869 Total funeral revenue 609,709 649,097 Cemetery revenue: Atneed revenue 110,274 123,389 Recognized preneed property revenue 191,729 221,539 Recognized preneed merchandise and services revenue 86,160 85,000 Core cemetery revenue 388,163 429,928 Other revenue 30,837 33,378 Total cemetery revenue 419,000 463,306 Total revenue from customers $ 1,028,709 $ 1,112,403 Gross profit: Funeral gross profit $ 149,466 $ 195,983 Cemetery gross profit 139,628 180,930 Gross profit from reportable segments 289,094 376,913 Corporate general and administrative expenses (44,160) (41,704) Gains on divestitures and impairment charges, net 691 489 Operating income 245,625 335,698 Interest expense (53,916) (39,028) Losses on early extinguishment of debt (1,060) — Other income, net 1,209 128 Income before income taxes $ 191,858 $ 296,798 Our geographic area information was as follows: United States Canada Total (In thousands) Three months ended March 31, Revenue from external customers: 2023 $ 971,509 $ 57,200 $ 1,028,709 2022 $ 1,050,620 $ 61,783 $ 1,112,403

Earnings Per Share Level 1 (Not

Earnings Per Share Level 1 (Notes)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Earnings Per Share Basic earnings per common share (EPS) excludes dilution and is computed by dividing Net income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other obligations to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in our earnings. A reconciliation of the numerators and denominators of basic and diluted EPS is presented below: Three months ended March 31, 2023 2022 (In thousands, except per share amounts) Amounts attributable to common stockholders: Net income — basic and diluted $ 144,763 $ 219,513 Weighted average shares: Weighted average shares — basic 153,125 161,328 Stock options 2,104 2,402 Restricted share units 71 77 Weighted average shares — diluted 155,300 163,807 Amounts attributable to common stockholders: Earnings per share: Basic $ 0.95 $ 1.36 Diluted $ 0.93 $ 1.34 The computation of diluted EPS excludes outstanding stock options and restricted share units in certain periods in which the inclusion of such equity awards would be antidilutive to the periods presented. Total antidilutive options not currently included in the computation of diluted earnings per share are as follows (in shares): Three months ended March 31, 2023 2022 (In thousands) Antidilutive options 186 274

Summary of Significant Accoun_2

Summary of Significant Accounting Policies Level 2 (Policies)	3 Months Ended
	Mar. 31, 2023
Consolidation, Policy [Policy Text Block]	Principles of Consolidation and Basis of Presentation Our unaudited condensed consolidated financial statements include the accounts of Service Corporation International and all subsidiaries in which we hold a controlling financial interest. Intercompany balances and transactions have been eliminated in consolidation. Our unaudited condensed consolidated financial statements also include the accounts of the merchandise and service trusts and cemetery perpetual care trusts in which we have a variable interest and are the primary beneficiary. We have retained the specialized industry accounting principles when consolidating the trusts. Although we consolidate the trusts, it does not change the legal relationships among the trusts, us, or our customers. The customers are the legal beneficiaries of these trusts; therefore, their interests in these trusts represent a liability to us. Our interim condensed consolidated financial statements are unaudited but include all adjustments, consisting of normal recurring accruals and any other adjustments, which management considers necessary for a fair statement of our results for these periods. Our unaudited condensed consolidated financial statements have been prepared in a manner consistent with the accounting policies described in our Annual Report on Form 10-K for the year ended December 31, 2022, unless otherwise disclosed herein, and should be read in conjunction therewith. The accompanying year-end Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full year period.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Preparation of Financial Statements The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. As a result, actual results could differ from these estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents, and Restricted Cash We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. The carrying amounts of our cash and cash equivalents approximate fair value due to the short-term nature of these instruments.
Accounts Receivable [Policy Text Block]	Receivables, net The components of Receivables, net in our unaudited Condensed Consolidated Balance Sheet were as follows: March 31, 2023 Atneed Funeral Atneed Cemetery Miscellaneous Current Portion of Notes Total (In thousands) Receivables $ 30,615 $ 22,301 $ 52,889 $ 171 $ 105,976 Reserve for credit losses (2,572) (2,038) (365) (137) (5,112) Receivables, net $ 28,043 $ 20,263 $ 52,524 $ 34 $ 100,864 December 31, 2022 Atneed Funeral Atneed Cemetery Miscellaneous Current Portion of Notes Total (In thousands) Receivables $ 44,417 $ 19,781 $ 38,483 $ 186 $ 102,867 Reserve for credit losses (3,627) (2,076) (344) (139) (6,186) Receivables, net $ 40,790 $ 17,705 $ 38,139 $ 47 $ 96,681 Additionally, included in Deferred charges and other assets, net were long-term miscellaneous receivables, net and notes receivable, net as follows: March 31, 2023 December 31, 2022 (In thousands) Notes receivable $ 9,498 $ 9,367 Reserve for credit losses (1,795) (2,546) Notes receivable, net $ 7,703 $ 6,821 Long-term miscellaneous receivables $ 7,619 $ 7,993 Reserve for credit losses (782) (1,056) Long-term miscellaneous receivables, net $ 6,837 $ 6,937 The following table summarizes the activity in our reserve for credit losses by portfolio segment, excluding preneed receivables which are presented in Note 3, for the three months ended March 31, 2023: December 31, 2022 (Provision) benefit for Expected Credit Losses Acquisitions Write Offs Recoveries Effect of Foreign Currency and Other March 31, 2023 (In thousands) Trade receivables: Funeral $ (3,627) $ (134) $ (83) $ 1,605 $ (390) $ 57 $ (2,572) Cemetery (2,076) (186) — 294 (69) (1) (2,038) Total reserve for credit losses on trade receivables $ (5,703) $ (320) $ (83) $ 1,899 $ (459) $ 56 $ (4,610) Miscellaneous receivables: Current $ (344) $ (22) $ — $ — $ — $ 1 $ (365) Long-term (1,056) 274 — — — — (782) Total reserve for credit losses on miscellaneous receivables $ (1,400) $ 252 $ — $ — $ — $ 1 $ (1,147) Notes receivable $ (2,685) $ 3 $ — $ 750 $ — $ — $ (1,932) At March 31, 2023, the amortized cost basis of our miscellaneous and notes receivables by year of origination was as follows: 2023 2022 2021 2020 2019 Prior Revolving Line of Credit Total (In thousands) Miscellaneous receivables: Current $ 48,972 $ 2,798 $ 601 $ 306 $ 200 $ 12 $ — $ 52,889 Long-term 793 3,077 2,080 768 852 49 — 7,619 Total miscellaneous receivables $ 49,765 $ 5,875 $ 2,681 $ 1,074 $ 1,052 $ 61 $ — $ 60,508 Notes receivable $ — $ — $ — $ 12 $ — $ 4,730 $ 4,927 $ 9,669 At March 31, 2023, the payment status of our miscellaneous and notes receivables was as follows: Past Due <30 Days 30-90 Days 90-180 Days >180 Days Total Current Total (In thousands) Miscellaneous receivables: Current $ — $ — $ 316 $ 1,103 $ 1,419 $ 51,470 $ 52,889 Long-term — — — — — 7,619 7,619 Total miscellaneous receivables $ — $ — $ 316 $ 1,103 $ 1,419 $ 59,089 $ 60,508 Notes receivable $ — $ — $ — $ 1,116 $ 1,116 $ 8,553 $ 9,669
Fair Value of Financial Instruments, Policy [Policy Text Block]	The fair values of our long-term, fixed rate loans were estimated using market prices for those loans, and therefore they are classified within Level 2 of the fair value measurements hierarchy. The Term Loan, Bank Credit Facility, and the mortgage and other debt are classified within Level 3 of the fair value measurements hierarchy. The fair values of these instruments have been estimated using discounted cash flow analysis based on our incremental borrowing rate for similar borrowing arrangements. An increase (decrease) in the inputs results in a directionally opposite change in the fair value of the instruments.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards Investments In March 2023, the FASB amended guidance for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits. The amended guidance expands the option to use the proportional amortization method from investments in low-income-housing tax credit structures to all tax credit structures that meet certain requirements. The proportional amortization method results in the cost of the investment being amortized in proportion to the income tax credits and other income tax benefits received, with the investment amortization and the income tax credits presented net in the statement of operations as a component of income tax expense. The new guidance is effective as of January 1, 2024 with early adoption permitted. We are still evaluating the impact of the guidance on our consolidated results of operations, consolidated financial position, and cash flows. Leases In March 2023, the FASB amended guidance on determining the useful life of leasehold improvements associated with a lease between related parties under common control. The amended guidance requires that the leasehold improvements be amortized over the useful life of the improvements to the common control group as a whole. The new guidance is effective for us on January 1, 2024 and is not expected to have any impact on our consolidated results of operations, consolidated financial position, and cash flows. Fair Value Measurements

Preneed Activities Level 3 (Tab

Preneed Activities Level 3 (Tables) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Preneed Activities [Abstract]
Investment related activities [Table Text Block]	Three months ended March 31, 2023 2022 (In thousands) Deposits $ 137,245 $ 127,972 Withdrawals $ 124,245 $ 122,364 Purchases of securities $ 607,476 $ 469,312 Sales of securities $ 630,740 $ 394,424 Realized gains from sales of securities (1) $ 82,330 $ 103,555 Realized losses from sales of securities (1) $ (49,910) $ (27,932)
Long-term receivable and investment components [Table Text Block]	March 31, 2023 December 31, 2022 (In thousands) Preneed receivables, net $ 1,416,722 $ 1,402,209 Trust investments, at market 5,924,847 5,663,163 Insurance-backed fixed income securities and other 210,517 214,440 Trust investments 6,135,364 5,877,603 Less: Cemetery perpetual care trust investments (1,774,489) (1,702,313) Preneed trust investments 4,360,875 4,175,290 Preneed receivables, net and trust investments $ 5,777,597 $ 5,577,499 Preneed receivables, net comprised the following: March 31, 2023 Funeral Cemetery Total (In thousands) Preneed receivables $ 188,504 $ 1,274,375 $ 1,462,879 Unearned finance charges (10,837) (6,967) (17,804) Preneed receivables, at amortized cost 177,667 1,267,408 1,445,075 Reserve for credit losses (15,148) (13,205) (28,353) Preneed receivables, net $ 162,519 $ 1,254,203 $ 1,416,722 December 31, 2022 Funeral Cemetery Total (In thousands) Preneed receivables $ 180,108 $ 1,267,304 $ 1,447,412 Unearned finance charges (11,129) (6,760) (17,889) Preneed receivables, at amortized cost 168,979 1,260,544 1,429,523 Reserve for credit losses (14,438) (12,876) (27,314) Preneed receivables, net $ 154,541 $ 1,247,668 $ 1,402,209
Preneed Funeral Receivables, Net and Trust Investments [Table Text Block]	The components of Preneed receivables, net and trust investments in our unaudited Condensed Consolidated Balance Sheet were as follows: March 31, 2023 December 31, 2022 (In thousands) Preneed receivables, net $ 1,416,722 $ 1,402,209 Trust investments, at market 5,924,847 5,663,163 Insurance-backed fixed income securities and other 210,517 214,440 Trust investments 6,135,364 5,877,603 Less: Cemetery perpetual care trust investments (1,774,489) (1,702,313) Preneed trust investments 4,360,875 4,175,290 Preneed receivables, net and trust investments $ 5,777,597 $ 5,577,499
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	March 31, 2023 Fair Value Hierarchy Level Cost Unrealized Unrealized Value (In thousands) Fixed income securities: U.S. Treasury 2 $ 45,239 $ 37 $ (1,749) $ 43,527 Canadian government 2 33,130 — — 33,130 Corporate 2 175 — (18) 157 Residential mortgage-backed 2 5,485 23 (111) 5,397 Asset-backed 2 293 — (51) 242 Equity securities: Preferred stock 2 4,196 — (2,062) 2,134 Common stock: United States 1 1,765,274 293,953 (155,781) 1,903,446 Canada 1 50,325 14,876 (6,962) 58,239 Other international 1 97,626 12,049 (10,055) 99,620 Mutual funds: Equity 1 916,174 82,279 (77,552) 920,901 Fixed income 1 1,098,174 1,776 (140,387) 959,563 Trust investments, at fair value 4,016,091 404,993 (394,728) 4,026,356 Commingled funds Fixed income 733,119 — (76,465) 656,654 Equity 306,512 67,597 (1,130) 372,979 Money market funds 345,577 — — 345,577 Alternative investments 372,793 154,721 (4,233) 523,281 Trust investments, at net asset value 1,758,001 222,318 (81,828) 1,898,491 Trust investments, at market $ 5,774,092 $ 627,311 $ (476,556) $ 5,924,847	December 31, 2022 Fair Value Hierarchy Level Cost Unrealized Unrealized Value (In thousands) Fixed income securities: U.S. Treasury 2 $ 45,084 $ 22 $ (2,033) $ 43,073 Canadian government 2 30,200 — — 30,200 Corporate 2 175 — (18) 157 Residential mortgage-backed 2 1,420 — (101) 1,319 Asset-backed 2 294 — (52) 242 Equity securities: Preferred stock 2 4,144 — (2,340) 1,804 Common stock: United States 1 1,707,240 283,423 (208,523) 1,782,140 Canada 1 47,821 11,765 (11,117) 48,469 Other international 1 123,440 10,561 (19,009) 114,992 Mutual funds: Equity 1 917,686 64,895 (112,374) 870,207 Fixed income 1 1,135,815 1,231 (166,286) 970,760 Trust investments, at fair value 4,013,319 371,897 (521,853) 3,863,363 Commingled funds Fixed income 730,940 2 (89,246) 641,696 Equity 309,893 40,820 (3,846) 346,867 Money market funds 325,562 — — 325,562 Alternative investments 307,275 179,491 (1,091) 485,675 Trust investments, at net asset value 1,673,670 220,313 (94,183) 1,799,800 Trust investments, at market $ 5,686,989 $ 592,210 $ (616,036) $ 5,663,163
Preneed Activities Text Block	Preneed Activities Preneed Receivables, Net and Trust Investments The components of Preneed receivables, net and trust investments in our unaudited Condensed Consolidated Balance Sheet were as follows: March 31, 2023 December 31, 2022 (In thousands) Preneed receivables, net $ 1,416,722 $ 1,402,209 Trust investments, at market 5,924,847 5,663,163 Insurance-backed fixed income securities and other 210,517 214,440 Trust investments 6,135,364 5,877,603 Less: Cemetery perpetual care trust investments (1,774,489) (1,702,313) Preneed trust investments 4,360,875 4,175,290 Preneed receivables, net and trust investments $ 5,777,597 $ 5,577,499 Preneed receivables, net comprised the following: March 31, 2023 Funeral Cemetery Total (In thousands) Preneed receivables $ 188,504 $ 1,274,375 $ 1,462,879 Unearned finance charges (10,837) (6,967) (17,804) Preneed receivables, at amortized cost 177,667 1,267,408 1,445,075 Reserve for credit losses (15,148) (13,205) (28,353) Preneed receivables, net $ 162,519 $ 1,254,203 $ 1,416,722 December 31, 2022 Funeral Cemetery Total (In thousands) Preneed receivables $ 180,108 $ 1,267,304 $ 1,447,412 Unearned finance charges (11,129) (6,760) (17,889) Preneed receivables, at amortized cost 168,979 1,260,544 1,429,523 Reserve for credit losses (14,438) (12,876) (27,314) Preneed receivables, net $ 154,541 $ 1,247,668 $ 1,402,209 At March 31, 2023, the amortized cost basis of our preneed receivables by year of origination was as follows: 2023 2022 2021 2019 2018 Prior Total (In thousands) Preneed receivables, at amortized cost: Funeral $ 28,445 $ 67,155 $ 38,001 $ 18,284 $ 10,092 $ 15,690 $ 177,667 Cemetery 124,775 505,146 332,591 179,554 74,933 50,409 1,267,408 Total preneed receivables, at amortized cost $ 153,220 $ 572,301 $ 370,592 $ 197,838 $ 85,025 $ 66,099 $ 1,445,075 At March 31, 2023, the payment status of our preneed receivables was as follows: Past Due <30 Days 30-90 Days 90-180 Days >180 Days Total Current Total (In thousands) Preneed receivables, at amortized cost: Funeral $ 3,244 $ 2,845 $ 2,249 $ 23,166 $ 31,504 $ 146,163 $ 177,667 Cemetery 38,257 27,650 5,871 2,775 74,553 1,192,855 1,267,408 Total preneed receivables, at amortized cost $ 41,501 $ 30,495 $ 8,120 $ 25,941 $ 106,057 $ 1,339,018 $ 1,445,075 The following table summarizes the activity for the reserve for credit losses on preneed receivables for the three months ended March 31, 2023: December 31, 2022 Provision for Expected Credit Losses Write-Offs Effect of Foreign Currency March 31, 2023 (In thousands) Funeral $ (14,438) $ (1,300) $ 590 $ — $ (15,148) Cemetery (12,876) (541) 209 3 (13,205) Total reserve for credit losses on preneed receivables $ (27,314) $ (1,841) $ 799 $ 3 $ (28,353) The table below sets forth certain investment-related activities associated with our trusts: Three months ended March 31, 2023 2022 (In thousands) Deposits $ 137,245 $ 127,972 Withdrawals $ 124,245 $ 122,364 Purchases of securities $ 607,476 $ 469,312 Sales of securities $ 630,740 $ 394,424 Realized gains from sales of securities (1) $ 82,330 $ 103,555 Realized losses from sales of securities (1) $ (49,910) $ (27,932) (1) All realized gains and losses are recognized in Other income, net for our trust investments and are offset by a corresponding reclassification in Other income, net to Deferred receipts held in trust and Care trusts’ corpus. The cost and market values associated with trust investments recorded at market value are detailed below. Cost reflects the investment (net of redemptions) of control holders in the trusts. Fair value represents the value of the underlying securities held by the trusts. March 31, 2023 Fair Value Hierarchy Level Cost Unrealized Unrealized Value (In thousands) Fixed income securities: U.S. Treasury 2 $ 45,239 $ 37 $ (1,749) $ 43,527 Canadian government 2 33,130 — — 33,130 Corporate 2 175 — (18) 157 Residential mortgage-backed 2 5,485 23 (111) 5,397 Asset-backed 2 293 — (51) 242 Equity securities: Preferred stock 2 4,196 — (2,062) 2,134 Common stock: United States 1 1,765,274 293,953 (155,781) 1,903,446 Canada 1 50,325 14,876 (6,962) 58,239 Other international 1 97,626 12,049 (10,055) 99,620 Mutual funds: Equity 1 916,174 82,279 (77,552) 920,901 Fixed income 1 1,098,174 1,776 (140,387) 959,563 Trust investments, at fair value 4,016,091 404,993 (394,728) 4,026,356 Commingled funds Fixed income 733,119 — (76,465) 656,654 Equity 306,512 67,597 (1,130) 372,979 Money market funds 345,577 — — 345,577 Alternative investments 372,793 154,721 (4,233) 523,281 Trust investments, at net asset value 1,758,001 222,318 (81,828) 1,898,491 Trust investments, at market $ 5,774,092 $ 627,311 $ (476,556) $ 5,924,847 December 31, 2022 Fair Value Hierarchy Level Cost Unrealized Unrealized Value (In thousands) Fixed income securities: U.S. Treasury 2 $ 45,084 $ 22 $ (2,033) $ 43,073 Canadian government 2 30,200 — — 30,200 Corporate 2 175 — (18) 157 Residential mortgage-backed 2 1,420 — (101) 1,319 Asset-backed 2 294 — (52) 242 Equity securities: Preferred stock 2 4,144 — (2,340) 1,804 Common stock: United States 1 1,707,240 283,423 (208,523) 1,782,140 Canada 1 47,821 11,765 (11,117) 48,469 Other international 1 123,440 10,561 (19,009) 114,992 Mutual funds: Equity 1 917,686 64,895 (112,374) 870,207 Fixed income 1 1,135,815 1,231 (166,286) 970,760 Trust investments, at fair value 4,013,319 371,897 (521,853) 3,863,363 Commingled funds Fixed income 730,940 2 (89,246) 641,696 Equity 309,893 40,820 (3,846) 346,867 Money market funds 325,562 — — 325,562 Alternative investments 307,275 179,491 (1,091) 485,675 Trust investments, at net asset value 1,673,670 220,313 (94,183) 1,799,800 Trust investments, at market $ 5,686,989 $ 592,210 $ (616,036) $ 5,663,163 Our alternative investments include funds invested in limited partnerships with interests in private equity, private market real estate, energy and natural resources, infrastructure, transportation, and private debt including both distressed debt and mezzanine financing. These investments can never be redeemed by the funds. Instead, due to the nature of the investments in this category, distributions are received through the liquidation of the underlying assets of the funds. The funds' managers have not communicated the timing of any liquidations. Maturity dates of our fixed income securities range from 2023 to 2040. Maturities of fixed income securities (excluding mutual and commingled funds) at March 31, 2023 are estimated as follows: Fair Value (In thousands) Due in one year or less $ 55,274 Due in one to five years 19,780 Due in five to ten years 7,289 Thereafter 110 Total estimated maturities of fixed income securities $ 82,453 Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $36.0 million and $45.9 million for the three months ended March 31, 2023 and 2022, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $22.0 million and $24.4 million for the three months ended March 31, 2023 and 2022, respectively. Deferred Revenue, Net Deferred revenue, net represents future revenue, including distributed trust investment earnings associated with unperformed trust-funded preneed contracts that are not held in trust accounts. Future revenue and net trust investment earnings that are held in trust accounts are included in Deferred receipts held in trust . The components of Deferred revenue, net in our unaudited Condensed Consolidated Balance Sheet were as follows: March 31, 2023 December 31, 2022 (In thousands) Deferred revenue $ 2,515,817 $ 2,472,693 Amounts due from customers for unfulfilled performance obligations on cancelable preneed contracts (871,103) (848,665) Deferred revenue, net $ 1,644,714 $ 1,624,028 The following table summarizes the activity for our contract liabilities, which are reflected in Deferred revenue, net and Deferred receipts held in trust : Three months ended March 31, 2023 2022 (In thousands) Beginning balance — Deferred revenue, net and Deferred receipts held in trust $ 5,787,548 $ 6,299,240 Net preneed contract sales 364,463 391,243 Acquisitions (dispositions) of businesses, net 2,904 269 Net investment gains (losses) (1) 178,220 (201,580) Recognized revenue from backlog (2) (180,172) (176,913) Recognized revenue from current period sales (137,324) (138,905) Change in amounts due on unfulfilled performance obligations (22,519) (36,201) Change in cancellation reserve 26 (146) Effect of foreign currency and other (832) 4,972 Ending balance — Deferred revenue, net and Deferred receipts held in trust $ 5,992,314 $ 6,141,979 (1) Includes both realized and unrealized investment gains (losses)
Deferred Preneed Funeral Revenues [Table Text Block]	The following table summarizes the activity for our contract liabilities, which are reflected in Deferred revenue, net and Deferred receipts held in trust : Three months ended March 31, 2023 2022 (In thousands) Beginning balance — Deferred revenue, net and Deferred receipts held in trust $ 5,787,548 $ 6,299,240 Net preneed contract sales 364,463 391,243 Acquisitions (dispositions) of businesses, net 2,904 269 Net investment gains (losses) (1) 178,220 (201,580) Recognized revenue from backlog (2) (180,172) (176,913) Recognized revenue from current period sales (137,324) (138,905) Change in amounts due on unfulfilled performance obligations (22,519) (36,201) Change in cancellation reserve 26 (146) Effect of foreign currency and other (832) 4,972 Ending balance — Deferred revenue, net and Deferred receipts held in trust $ 5,992,314 $ 6,141,979 (1) Includes both realized and unrealized investment gains (losses)
Accounts Receivable, after Allowance for Credit Loss, Noncurrent	$ 1,416,722		$ 1,402,209
Assets Held-in-trust	5,924,847		5,663,163
Insurance-backed fixed income securities and other [Line Items]	210,517		214,440
Cemetery perpetual care trust investments	$ (1,774,489)		$ (1,702,313)
Investments Classified by Contractual Maturity Date [Table Text Block]	Maturity dates of our fixed income securities range from 2023 to 2040. Maturities of fixed income securities (excluding mutual and commingled funds) at March 31, 2023 are estimated as follows: Fair Value (In thousands) Due in one year or less $ 55,274 Due in one to five years 19,780 Due in five to ten years 7,289 Thereafter 110 Total estimated maturities of fixed income securities $ 82,453

Debt Level 3 (Tables)

Debt Level 3 (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Instrument [Line Items]
Schedule of Debt [Table Text Block]	: March 31, 2023 December 31, 2022 (In thousands) 7.5% Senior Notes due April 2027 $ 138,274 $ 138,274 4.625% Senior Notes due December 2027 550,000 550,000 5.125% Senior Notes due June 2029 750,000 750,000 3.375% Senior Notes due August 2030 850,000 850,000 4.0% Senior Notes due May 2031 800,000 800,000 Term Loan due May 2024 — 536,250 Term Loan due January 2028 670,781 — Bank Credit Facility due May 2024 — 570,000 Bank Credit Facility due January 2028 490,000 — Obligations under finance leases 119,807 120,837 Mortgage notes and other debt, maturities through 2050 70,179 66,248 Unamortized debt issuance costs (39,896) (39,865) Total debt 4,399,145 4,341,744 Less: Current maturities of long-term debt (71,358) (90,661) Total long-term debt $ 4,327,787 $ 4,251,083

Credit Risk and Fair Value of_2

Credit Risk and Fair Value of Financial Instruments Level 3 (Tables)	3 Months Ended
	Mar. 31, 2023
Credit Risk and Fair Value of Financial Instruments [Abstract]
Fair Value, Measurement Inputs, Disclosure [Table Text Block]	The fair value of our debt instruments was as follows: March 31, 2023 December 31, 2022 (In thousands) 7.5% Senior Notes due April 2027 $ 145,533 $ 141,499 4.625% Senior Notes due December 2027 529,760 513,909 5.125% Senior Notes due June 2029 724,508 709,125 3.375% Senior Notes due August 2030 727,549 702,202 4.0% Senior Notes due May 2031 706,000 685,680 Term Loan due May 2024 — 536,250 Term Loan due January 2028 670,781 — Bank Credit Facility due May 2024 — 570,000 Bank Credit Facility due January 2028 490,000 — Mortgage notes and other debt, maturities through 2050 67,643 63,168 Total fair value of debt instruments $ 4,061,774 $ 3,921,833

Segment Reporting Level 3 (Tabl

Segment Reporting Level 3 (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three months ended March 31, 2023 2022 (In thousands) Revenue from customers: Funeral revenue: Atneed revenue $ 313,240 $ 353,369 Matured preneed revenue 185,709 194,927 Core funeral revenue 498,949 548,296 Non-funeral home revenue 21,209 20,810 Recognized preneed revenue 46,426 43,122 Other revenue 43,125 36,869 Total funeral revenue 609,709 649,097 Cemetery revenue: Atneed revenue 110,274 123,389 Recognized preneed property revenue 191,729 221,539 Recognized preneed merchandise and services revenue 86,160 85,000 Core cemetery revenue 388,163 429,928 Other revenue 30,837 33,378 Total cemetery revenue 419,000 463,306 Total revenue from customers $ 1,028,709 $ 1,112,403 Gross profit: Funeral gross profit $ 149,466 $ 195,983 Cemetery gross profit 139,628 180,930 Gross profit from reportable segments 289,094 376,913 Corporate general and administrative expenses (44,160) (41,704) Gains on divestitures and impairment charges, net 691 489 Operating income 245,625 335,698 Interest expense (53,916) (39,028) Losses on early extinguishment of debt (1,060) — Other income, net 1,209 128 Income before income taxes $ 191,858 $ 296,798
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]	Our geographic area information was as follows: United States Canada Total (In thousands) Three months ended March 31, Revenue from external customers: 2023 $ 971,509 $ 57,200 $ 1,028,709 2022 $ 1,050,620 $ 61,783 $ 1,112,403

Earnings Per Share Level 3 (Tab

Earnings Per Share Level 3 (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	A reconciliation of the numerators and denominators of basic and diluted EPS is presented below: Three months ended March 31, 2023 2022 (In thousands, except per share amounts) Amounts attributable to common stockholders: Net income — basic and diluted $ 144,763 $ 219,513 Weighted average shares: Weighted average shares — basic 153,125 161,328 Stock options 2,104 2,402 Restricted share units 71 77 Weighted average shares — diluted 155,300 163,807 Amounts attributable to common stockholders: Earnings per share: Basic $ 0.95 $ 1.36 Diluted $ 0.93 $ 1.34
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three months ended March 31, 2023 2022 (In thousands) Antidilutive options 186 274

Summary of Significant Accoun_3

Summary of Significant Accounting Policies, Textuals (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounts Receivable, before Allowance for Credit Loss, Current	$ 105,976,000		$ 102,867,000
Restricted Cash and Cash Equivalents	8,283,000		12,586,000
Restricted Cash, Current	6,076,000		10,379,000
Receivables, Net, Current, Total	100,864,000		96,681,000
Amortization of cemetery property	20,338,000	$ 24,849,000
Depreciation	46,114,000	$ 42,436,000
Other Assets, Current	32,219,000		39,487,000
Accounts Receivable, Allowance for Credit Loss	5,112,000		6,186,000
Accounts Receivable, Allowance for Credit Loss, Noncurrent	(28,353,000)		(27,314,000)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Writeoff	799,000
Trade Accounts Receivable [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss	(4,610,000)		(5,703,000)
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(320,000)
Financing Receivable, Allowance for Credit Loss, Recovery	(459,000)
Allowance For Credit Losses Foreign Currency Translation	56,000
Financing Receivable, Allowance for Credit Loss, Writeoff	1,899,000
Acquisitions (Divestitures), net	(83,000)
Notes Receivable [Member]
Note Receivable, Not Past Due	8,553,000
Financing Receivable, Allowance for Credit Loss, Noncurrent	1,795,000		2,546,000
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent	9,669,000
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss	(1,932,000)		(2,685,000)
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	3,000
Financing Receivable, Allowance for Credit Loss, Recovery	0
Allowance For Credit Losses Foreign Currency Translation	0
Financing Receivable, Allowance for Credit Loss, Writeoff	750,000
Financing Receivable, Originated in Current Fiscal Year	0
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	0
Financing Receivable, Originated Two Years before Latest Fiscal Year	0
Financing Receivable, Originated Three Years before Latest Fiscal Year	12,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	0
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	4,730,000
Financing Receivable, Allowance for Credit Loss, Noncurrent	(1,795,000)		(2,546,000)
Revolving Line of Credit	4,927,000
Total Note Receivable, Past Due	1,116,000
Acquisitions (Divestitures), net	0
Notes Receivable [Member] | Note Receivable, 1 to 29 Days Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Notes Receivable [Member] | Note Receivable, 30 to 90 Days Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Notes Receivable [Member] | Note Receivables, 91 to 180 Days Past Due [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Notes Receivable [Member] | Note Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	1,116,000
Miscellaneous accounts receivable [Member]
Financing Receivable, Allowance for Credit Loss, Noncurrent	782,000		1,056,000
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent	60,508,000
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss	(1,147,000)		(1,400,000)
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	252,000
Financing Receivable, Allowance for Credit Loss, Recovery	0
Allowance For Credit Losses Foreign Currency Translation	1,000
Financing Receivable, Allowance for Credit Loss, Writeoff	0
Financing Receivable, Originated in Current Fiscal Year	49,765,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	5,875,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	2,681,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	1,074,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	1,052,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	61,000
Financing Receivable, Allowance for Credit Loss, Noncurrent	(782,000)		(1,056,000)
Miscellaneous Receivable, Not Past Due	59,089,000
Revolving Line of Credit	0
Total Miscellaneous Receivables	1,419,000
Acquisitions (Divestitures), net	0
Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 1 to 29 Days Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 30 to 90 Days Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 91 to 180 Days Past Due [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	316,000
Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	1,103,000
Funeral [Member]
Accounts Receivable, Allowance for Credit Loss, Noncurrent	(15,148,000)		(14,438,000)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Writeoff	590,000
Funeral [Member] | Trade Accounts Receivable [Member]
Accounts Receivable, before Allowance for Credit Loss, Current	30,615,000		44,417,000
Receivables, Net, Current, Total	28,043,000		40,790,000
Accounts Receivable, Allowance for Credit Loss	2,572,000		3,627,000
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss	(2,572,000)		(3,627,000)
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(134,000)
Financing Receivable, Allowance for Credit Loss, Recovery	(390,000)
Allowance For Credit Losses Foreign Currency Translation	57,000
Financing Receivable, Allowance for Credit Loss, Writeoff	1,605,000
Acquisitions (Divestitures), net	(83,000)
Other Accounts Receivable Current [Member] | Trade Accounts Receivable [Member]
Accounts Receivable, before Allowance for Credit Loss, Current	52,889,000		38,483,000
Receivables, Net, Current, Total	52,524,000		38,139,000
Accounts Receivable, Allowance for Credit Loss	365,000		344,000
Current [Member] | Notes Receivable [Member]
Accounts Receivable, before Allowance for Credit Loss, Current	171,000		186,000
Receivables, Net, Current, Total	34,000		47,000
Accounts Receivable, Allowance for Credit Loss	137,000		139,000
Current [Member] | Miscellaneous accounts receivable [Member]
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent	52,889,000
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss	(365,000)		(344,000)
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(22,000)
Financing Receivable, Allowance for Credit Loss, Recovery	0
Allowance For Credit Losses Foreign Currency Translation	1,000
Financing Receivable, Allowance for Credit Loss, Writeoff	0
Financing Receivable, Originated in Current Fiscal Year	48,972,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	2,798,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	601,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	306,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	200,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	12,000
Miscellaneous Receivable, Not Past Due	51,470,000
Revolving Line of Credit	0
Total Miscellaneous Receivables	1,419,000
Acquisitions (Divestitures), net	0
Current [Member] | Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 1 to 29 Days Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Current [Member] | Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 30 to 90 Days Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Current [Member] | Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 91 to 180 Days Past Due [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	316,000
Current [Member] | Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	1,103,000
Long Term [Member] | Notes Receivable [Member]
Financing Receivable, after Allowance for Credit Loss, Noncurrent	7,703,000		6,821,000
Financing Receivable, before Allowance for Credit Loss, Noncurrent	9,498,000		9,367,000
Long Term [Member] | Miscellaneous accounts receivable [Member]
Financing Receivable, after Allowance for Credit Loss, Noncurrent	6,837,000		6,937,000
Financing Receivable, before Allowance for Credit Loss, Noncurrent	7,619,000		7,993,000
Accounts and Financing Receivable, after Allowance for Credit Loss, Noncurrent	7,619,000
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss	(782,000)		(1,056,000)
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	274,000
Financing Receivable, Allowance for Credit Loss, Recovery	0
Allowance For Credit Losses Foreign Currency Translation	0
Financing Receivable, Allowance for Credit Loss, Writeoff	0
Financing Receivable, Originated in Current Fiscal Year	793,000
Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year	3,077,000
Financing Receivable, Originated Two Years before Latest Fiscal Year	2,080,000
Financing Receivable, Originated Three Years before Latest Fiscal Year	768,000
Financing Receivable, Originated Four Years before Latest Fiscal Year	852,000
Financing Receivable, Originated Five or More Years before Latest Fiscal Year	49,000
Miscellaneous Receivable, Not Past Due	7,619,000
Revolving Line of Credit	0
Total Miscellaneous Receivables	0
Acquisitions (Divestitures), net	0
Long Term [Member] | Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 1 to 29 Days Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Long Term [Member] | Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 30 to 90 Days Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Long Term [Member] | Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, 91 to 180 Days Past Due [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Long Term [Member] | Miscellaneous accounts receivable [Member] | Miscellaneous Receivables, Equal to Greater than 180 Days Past Due [Member]
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	0
Cemetery [Member]
Accounts Receivable, Allowance for Credit Loss, Noncurrent	(13,205,000)		(12,876,000)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Writeoff	209,000
Cemetery [Member] | Trade Accounts Receivable [Member]
Accounts Receivable, before Allowance for Credit Loss, Current	22,301,000		19,781,000
Receivables, Net, Current, Total	20,263,000		17,705,000
Accounts Receivable, Allowance for Credit Loss	2,038,000		2,076,000
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss	(2,038,000)		$ (2,076,000)
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(186,000)
Financing Receivable, Allowance for Credit Loss, Recovery	(69,000)
Allowance For Credit Losses Foreign Currency Translation	(1,000)
Financing Receivable, Allowance for Credit Loss, Writeoff	294,000
Acquisitions (Divestitures), net	$ 0

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Summary of Significant Accounting Policies, Revenue Recognition (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Notes Receivable [Member]
Financing Receivable, Allowance for Credit Loss, Noncurrent	$ (1,795)	$ (2,546)

Preneed Activities Investment R

Preneed Activities Investment Related Activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Preneed Activities [Abstract]
Deposits to trust	$ 137,245	$ 127,972
Withdrawals	124,245	122,364
Payments to Acquire Debt Securities, Available-for-sale	607,476	469,312
Proceeds from Sale of Debt Securities, Available-for-sale	630,740	394,424
Debt Securities, Available-for-sale, Realized Gain	82,330	103,555
Debt Securities, Available-for-sale, Realized Loss	$ 49,910	$ 27,932

Preneed Activities Preneed Ac_3

Preneed Activities Preneed Activities Preneed Receivables and Trust Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Preneed Receivables and Trust Investments [Abstract]
Preneed receivables, net and trust investments	$ 5,777,597		$ 5,577,499
Change in amounts due for unfulfilled performance obligations	(22,519)	$ (36,201)
Amounts Due for Unfulfilled Performance Obligations	$ (871,103)		$ (848,665)

Preneed Activities Long-term Re

Preneed Activities Long-term Receivable and Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Long-term receivable and investment components [Line Items]
Preneed receivables, net and trust investments	$ 5,777,597	$ 5,577,499
Cemetery perpetual care trust investments	(1,774,489)	(1,702,313)
Preneed trust investments	4,360,875	4,175,290
Preneed receivables, net and trust investments, excluding allowance for cancellation	5,777,597	5,577,499
Insurance-backed fixed income securities and other [Line Items]	210,517	214,440
Investments	6,135,364	5,877,603
Accounts Receivable, after Allowance for Credit Loss, Noncurrent	1,416,722	1,402,209
Assets Held-in-trust	5,924,847	5,663,163
Funeral [Member]
Long-term receivable and investment components [Line Items]
Accounts Receivable, after Allowance for Credit Loss, Noncurrent	162,519	154,541
Cemetery [Member]
Long-term receivable and investment components [Line Items]
Accounts Receivable, after Allowance for Credit Loss, Noncurrent	$ 1,254,203	$ 1,247,668

Preneed Activities Schedule of

Preneed Activities Schedule of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	$ 4,016,091
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	404,993
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(394,728)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	4,026,356
Estimate of Fair Value Measurement [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss		$ 4,013,319
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain		371,897
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss		(521,853)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value		3,863,363
Fair Value, Inputs, Level 2 [Member] | US Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	45,239	45,084
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	37	22
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(1,749)	(2,033)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	43,527	43,073
Fair Value, Inputs, Level 2 [Member] | Debt Security, Government, Non-US [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	33,130	30,200
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	0	0
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	0	0
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	33,130	30,200
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	175	175
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	0	0
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(18)	(18)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	157	157
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	5,485	1,420
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	23	0
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(111)	(101)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	5,397	1,319
Fair Value, Inputs, Level 2 [Member] | Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	293	294
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	0	0
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(51)	(52)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	242	242
Fair Value, Inputs, Level 2 [Member] | Preferred Stock securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	4,196	4,144
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	0	0
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(2,062)	(2,340)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	2,134	1,804
Fair Value, Inputs, Level 1 [Member] | US Common Stock Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	1,765,274	1,707,240
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	293,953	283,423
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(155,781)	(208,523)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	1,903,446	1,782,140
Fair Value, Inputs, Level 1 [Member] | Canada Common Stock Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	50,325	47,821
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	14,876	11,765
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(6,962)	(11,117)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	58,239	48,469
Fair Value, Inputs, Level 1 [Member] | Other International Common Stock Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	97,626	123,440
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	12,049	10,561
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(10,055)	(19,009)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	99,620	114,992
Fair Value, Inputs, Level 1 [Member] | Equity Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	916,174	917,686
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	82,279	64,895
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(77,552)	(112,374)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	920,901	870,207
Fair Value, Inputs, Level 1 [Member] | Fixed Income Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	1,098,174	1,135,815
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	1,776	1,231
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(140,387)	(166,286)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	959,563	970,760
Reported Value Measurement [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	1,758,001
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	222,318
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(81,828)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	1,898,491
Reported Value Measurement [Member] | Commingled funds - Fixed inc [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	733,119	730,940
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	0	2
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(76,465)	(89,246)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	656,654	641,696
Reported Value Measurement [Member] | Commingled funds - Equity [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	306,512	309,893
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	67,597	40,820
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(1,130)	(3,846)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	372,979	346,867
Reported Value Measurement [Member] | Money Market Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	345,577	325,562
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	0	0
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	0	0
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	345,577	325,562
Reported Value Measurement [Member] | Private Equity Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	372,793	307,275
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	154,721	179,491
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(4,233)	(1,091)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	523,281	485,675
Reported Value Measurement [Member] | Reported At Net Asset Value [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss		1,673,670
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain		220,313
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss		(94,183)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value		1,799,800
Estimate of Fair Value Measurement [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-Sale and Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	5,774,092	5,686,989
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Gain	627,311	592,210
Debt Securities, Available-for-Sale and Held-to-Maturity, Cumulative Unrecognized Loss	(476,556)	(616,036)
Debt Securities, Available-for-Sale and Held-to-Maturity, Fair Value	$ 5,924,847	$ 5,663,163

Preneed Activities Investments

Preneed Activities Investments Classified by Contractual Maturity Date (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Preneed Activities [Abstract]
Due in one year or less	$ 55,274
Due in one to five years	19,780
Due in five to ten years	7,289
Thereafter	110
Total	$ 82,453

Preneed Activities Preneed Ac_4

Preneed Activities Preneed Activities Deferred Revenue Net (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Deferred Revenue [Abstract]
Deferred revenue, Gross	$ 2,515,817	$ 2,472,693
Deferred Revenue	1,644,714	1,624,028
Amounts Due for Unfulfilled Performance Obligations	$ 871,103	$ 848,665

Preneed Activities Preneed Ac_5

Preneed Activities Preneed Activities, Textuals (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Preneed Activities [Abstract]
Investment Earnings, Net	$ 36	$ 45.9
Available-for-sale securities, estimated maturity date, maximum	2040
Available-for-sale securities, estimated maturity date, minimum	2023
ECF Investment Earnings, Net	$ 22	$ 24.4

Income Taxes Income Taxes Level

Income Taxes Income Taxes Level 4-Detail 1 (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Taxes [Abstract]
Total effective tax rate	24.50%	26%
Unrecognized Tax Benefits	$ 1.3
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 0.9
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%

Debt Level 4 (Details)

Debt Level 4 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Repayments of Debt	$ 350,400	$ 9,100
Repayments of Other Debt	1,200	1,000
Losses on early extinguishment of debt, net	(1,060)	0
Total debt	4,399,145		$ 4,341,744
Current maturities of long-term debt	(71,358)		(90,661)
Less current maturities	71,358		90,661
Total long-term debt	$ 4,327,787		$ 4,251,083
Debt, Weighted Average Interest Rate	4.93%		4%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.32%		4.32%
Letters of Credit, Maximum Borrowing Capacity	$ 33,500
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	29,600	$ 17,700
Unamortized Debt Issuance Expense	(39,896)		$ (39,865)
Bank credit facility			$ 570,000
Redemption Premium	400
Proceeds from Issuance of Debt	$ 408,400
Bank Facility Interest Rate	6.78%		5.64%
May 2024 [Member]
Debt Instrument [Line Items]
Notes Payable to Bank, Noncurrent	$ 0		$ 536,250
Bank credit facility	0		570,000
January 2028
Debt Instrument [Line Items]
Notes Payable to Bank, Noncurrent	670,781		0
Bank credit facility	490,000		0
Unsecured Debt [Member] | April 2027 [Member]
Debt Instrument [Line Items]
Senior Notes	550,000		550,000
Unsecured Debt [Member] | December 2027 [Member]
Debt Instrument [Line Items]
Senior Notes	138,274		138,274
Unsecured Debt [Member] | June 2029 [Member]
Debt Instrument [Line Items]
Senior Notes	750,000		750,000
Unsecured Debt [Member] | August 2030
Debt Instrument [Line Items]
Senior Notes	850,000		850,000
Unsecured Debt [Member] | May 2031
Debt Instrument [Line Items]
Senior Notes	800,000		800,000
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Finance Lease, Liability	119,807		120,837
Mortgages [Member]
Debt Instrument [Line Items]
Mortgage notes and other debt, maturities through 2047	$ 70,179		$ 66,248

Debt Debt, Textuals (Details)

Debt Debt, Textuals (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	May 02, 2023	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate		4.93%		4%
Line of Credit Facility, Amount Outstanding				$ 570,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.15%
Letters of Credit, Maximum Borrowing Capacity		$ 33,500
Line of Credit Facility, Remaining Borrowing Capacity		976,500
Repayments of Other Debt		1,200	$ 1,000
Repayments of Debt		350,400	9,100
Losses on early extinguishment of debt, net		(1,060)	0
Long-term Debt, Fair Value		4,061,774		3,921,833
Redemption Premium		400
Interest Paid, Including Capitalized Interest, Operating and Investing Activities		29,600	17,700
Unamortized Debt Issuance Expense		39,896		$ 39,865
Proceeds from Issuance of Debt		408,400
Other Long-Term Debt		5,000
Debt Issuance Costs, Gross		$ 7,500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		4.32%		4.32%
Long-Term Debt, Percentage Bearing Variable Interest, Percentage Rate		6.45%		2.95%
Total Debt with Fixed Interest		71%		72%
Subsequent Event [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	$ 565,000
Line of Credit Facility, Increase (Decrease), Net	$ 75,000
May 2024 [Member]
Debt Instrument [Line Items]
Notes Payable to Bank, Noncurrent		$ 0		$ 536,250
Line of Credit Facility, Amount Outstanding		0		570,000
Debt Instrument, Periodic Payment		$ 145,300	8,100
Line of Credit Facility, Revolving Credit Conversion to Term Loan, Description		1.650
Bank Credit Facility 2024 [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding		$ 0
Line of Credit Facility, Increase (Decrease), Net		10,000	$ 75,000
Debt Instrument, Periodic Payment		199,300
January 2028
Debt Instrument [Line Items]
Notes Payable to Bank, Noncurrent		670,781		0
Line of Credit Facility, Amount Outstanding		490,000		0
Line of Credit Facility, Increase (Decrease), Net		65,000
Debt Instrument, Periodic Payment		4,200
Term loans
Debt Instrument [Line Items]
Line of Credit Facility, Increase (Decrease), Net		284,100
Debt Instrument, Increase (Decrease), Net		138,800
Bank Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Increase (Decrease), Net		44,300
Debt Instrument, Increase (Decrease), Net		$ 155,000
Line of Credit Facility, Revolving Credit Conversion to Term Loan, Description		2.175
1.5 Billion Bank Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Revolving Credit Conversion to Term Loan, Description		1.5
100 Million Bank Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Revolving Credit Conversion to Term Loan, Description		100.0
675 Million Term Loan
Debt Instrument [Line Items]
Line of Credit Facility, Revolving Credit Conversion to Term Loan, Description		675.0
Unsecured Debt [Member] | April 2027 [Member]
Debt Instrument [Line Items]
Senior Notes		$ 550,000		550,000
Unsecured Debt [Member] | December 2027 [Member]
Debt Instrument [Line Items]
Senior Notes		138,274		138,274
Unsecured Debt [Member] | August 2030
Debt Instrument [Line Items]
Senior Notes		850,000		850,000
Unsecured Debt [Member] | June 2029 [Member]
Debt Instrument [Line Items]
Senior Notes		750,000		750,000
Unsecured Debt [Member] | May 2031
Debt Instrument [Line Items]
Senior Notes		$ 800,000		$ 800,000

Credit Risk and Fair Value of_3

Credit Risk and Fair Value of Financial Instruments Level 4 (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Noncurrent		$ 536,250
Bank credit facility		570,000
Notes Payable	$ 67,643	63,168
Long-term Debt, Fair Value	4,061,774	3,921,833
May 2024 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bank credit facility	0	570,000
April 2027 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	145,533	141,499
December 2027 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	529,760	513,909
June 2029 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	724,508	709,125
August 2030
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	727,549	702,202
May 2031
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	706,000	685,680
Term loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Noncurrent	0
Term loan January 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Noncurrent	670,781
Bank Credit Facility 2024 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bank credit facility	0
Bank Credit Facility 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bank credit facility	$ 490,000	0
Bank Facility and Term Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bank credit facility		$ 0

Commitments and Contingencies_2

Commitments and Contingencies Level 4 (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Self Insurance Reserve	$ 99.8	$ 99.3

Equity Textuals (Details)

Equity Textuals (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	May 02, 2023	Mar. 31, 2023	Mar. 31, 2022	Sep. 30, 2021	Dec. 31, 2022
Common stock, shares, issued		156,518,824			156,088,438
Common stock, shares outstanding		151,939,138			153,940,365
Treasury Stock, Shares, Acquired		2,432,483
Treasury Stock, Value, Acquired, Par Value Method		$ 167,300
Treasury Stock Acquired, Average Cost Per Share		$ 68.78
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 421,600
Dividends declared per share		$ 270		$ 250
Payments of Dividends, Common Stock		$ 41,207	$ 39,964
Subsequent Event [Member]
Treasury Stock, Shares, Acquired	768,901
Treasury Stock, Value, Acquired, Par Value Method	$ 53,900
Treasury Stock Acquired, Average Cost Per Share	$ 70.10
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 367,700

Segment Reporting Level 4 (Deta

Segment Reporting Level 4 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent	$ 2,207		$ 2,207
Revenues	1,028,709	$ 1,112,403
Interest expense	(53,916)	(39,028)
Depreciation and amortization	46,114	42,436
Amortization of intangibles	4,731	5,074
Amortization of cemetery property	20,338	24,849
Total assets	15,343,912		$ 15,066,037
Capital expenditures	77,903	56,748
Gross profits from reportable segments	289,094	376,913
Corporate general and administrative expenses	(44,160)	(41,704)
Gains on divestitures and impairment charges, net	(691)	(489)
Operating income	245,625	335,698
Losses on early extinguishment of debt, net	(1,060)	0
Other income (expense), net	1,209	128
Income from continuing operations before income taxes	191,858	296,798
UNITED STATES
Segment Reporting Information [Line Items]
Revenues	971,509	1,050,620
CANADA
Segment Reporting Information [Line Items]
Revenues	57,200	61,783
Funeral [Member]
Segment Reporting Information [Line Items]
Revenues	609,709	649,097
Gross profits from reportable segments	149,466	195,983
Cemetery [Member]
Segment Reporting Information [Line Items]
Revenues	419,000	463,306
Gross profits from reportable segments	139,628	180,930
Funeral Atneed Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	313,240	353,369
Funeral Matured Preneed Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	185,709	194,927
Funeral Core Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	498,949	548,296
Non-funeral Home Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	21,209	20,810
Funeral Recognized Preneed Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	46,426	43,122
Funeral Other Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	43,125	36,869
Cemetery Atneed Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	110,274	123,389
Cemetery Recognized Preneed Property Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	191,729	221,539
Cemetery Recognized Preneed Merchandise And Service Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	86,160	85,000
Cemetery Core Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	388,163	429,928
Cemetery Other Revenue [Member]
Segment Reporting Information [Line Items]
Revenues	$ 30,837	$ 33,378

Earnings Per Share Level 4 (Det

Earnings Per Share Level 4 (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Income (Loss) Attributable to Parent [Abstract]
Net income attributable to common stockholders	$ 144,763	$ 219,513
Weighted average shares (denominator):
Weighted average shares — basic	153,125	161,328
Weighted average shares — diluted	155,300	163,807
Net income attributable to common stockholders, basic	$ 0.95	$ 1.36
Net income attributable to common stockholders, diluted	$ 0.93	$ 1.34
Revenues	$ 1,028,709	$ 1,112,403
Stock Options [Member]
Weighted average shares (denominator):
Share based compensation	2,104	2,402
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	186,000	274,000
Restricted Stock Units (RSUs) [Member]
Weighted average shares (denominator):
Share based compensation	71	77

Acquisition, Textuals (Details)

Acquisition, Textuals (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Acquisitions [Abstract]
(Losses) gains on divestitures	$ 691	$ 701
Impairment losses	0	(212)
Gains on divestitures and impairment charges, net	691	489
Payments for (Proceeds from) Deposits on Real Estate Acquisitions	16,666	226
Payments to Acquire Businesses, Net of Cash Acquired	8,700	0
Asset Acquisition [Line Items]
Payments for (Proceeds from) Deposits on Real Estate Acquisitions	16,666	226
Payments to Acquire Businesses, Net of Cash Acquired	$ 8,700	$ 0

Uncategorized Items - sci-20230

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 278,555,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 204,524,000