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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Assets and liabilities that are measured at fair value on a recurring basis
The following table summarizes the Company's assets and liabilities that are measured at fair value on a recurring basis, the amounts on the consolidated balance sheets as of December 31, 2013 and 2012, and the activity in those assets and liabilities that are valued using Level 3 measurements.
 
 
Asset (Liability) as of December 31, 2013
(in thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
Investment in associated company
 
$
33,983

 
$
33,983

 
$

 
$

Precious metal and commodity inventories recorded at fair value
 
$
14,766

 
$
14,766

 
$

 
$

Commodity contracts on precious metal and commodity inventories
 
$
1,620

 
$
1,620

 
$

 
$

Interest rate swap agreements
 
$
(214
)
 
$

 
$
(214
)
 
$


 
 
Asset (Liability) as of December 31, 2012
(in thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
Investment in associated company
 
$
17,229

 
$
17,229

 
$

 
$

Commodity contracts on precious metal and commodity inventories
 
$
100

 
$
127

 
$
(27
)
 
$

Derivative features of Subordinated Notes
 
$
793

 
$

 
$

 
$
793

Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
(in thousands)
 
Year ended December 31,
Activity
 
2013
 
2012
Beginning balance
 
$
793

 
$
(1,314
)
Total net (losses) gains included in:
 
 
 
 
Net income
 
(793
)
 
2,060

Other comprehensive income (loss)
 

 

Purchases
 

 

Issuances
 

 

Sales
 

 

Settlements
 

 
47

Net transfers into / (out of) Level 3
 

 

Ending balance
 
$

 
$
793