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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2013
FAIR VALUE MEASUREMENTS  
Schedule of the valuation of financial instruments measured at fair value on a recurring basis
                   
 
Fair Value Measurements at December 31, 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
  $ —     $ 6,388     $ —  
Available-for-sale securities:
                    —  
Municipal Obligations
  $ —     $ 36,132       —  
Corporate Obligations
    —       456       —  
Total
  $ —     $ 36,588     $ —  
 
   
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       —  
Total
  $ —     $ 36,923     $ —