FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2015

FAIR VALUE MEASUREMENTS

Schedule of the valuation of financial instruments measured at fair value on a recurring basis

	Fair Value Measurements at September 30, 2015 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	$	-	$	6,408	$	-
Available-for-sale securities:
Municipal obligations	$	-	$	30,098	$	-
Corporate obligations		-		5,015		-
	$	-	$	35,113	$	-

	Fair Value Measurements at December 31, 2014 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	$	-	$	6,575	$	-
Available-for-sale securities:
Municipal obligations	$	-	$	32,080	$	-
Corporate obligations		-		5,404		-
	$	-	$	37,484	$	-