FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2013

FAIR VALUE MEASUREMENTS

Schedule of measurement of fair value on a recurring basis

	Fair Value Measurements at June 30, 2013 with:
(in thousands)	Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
	(Level 1)		(Level 2)		(Level 3)
Assets:
Trading securities	$	-	$	6,122	$	-
Available-for-sale securities
Municipal obligations	$	-	$	35,483	$	-
Corporate obligations		-		764		-
	$	-	$	36,247	$	-

	Fair Value Measurements at December 31, 2012 with:
(in thousands)	Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
	(Level 1)		(Level 2)		(Level 3)
Assets:
Trading securities	$	-	$	6,026	$	-
Available-for-sale securities
Municipal obligations	$	-	$	35,606	$	-
Corporate obligations		-		1,317		-
	$	-	$	36,923	$	-