FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2015

FAIR VALUE MEASUREMENTS

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

	Fair Value Measurements at December 31, 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	$	—	$	6,491	$	—
Available-for-sale securities:						—
Municipal Obligations	$	—	$	30,996	$	—
Corporate Obligations		—		3,958		—
Total	$	—	$	34,954	$	—

	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		—
Total	$	—	$	37,484	$	—