Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

The following table presents these instruments’ fair value at September 30, 2019:

	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash Equivalents:
Money Market Funds	$	17,062	$	—	$	—	$	17,062
Equity Investments, at Fair Value:
Equity Securities		13,705		433		—		14,138
Mutual Funds		19,936		—		—		19,936
Trading Securities:
U.S. Treasury Bills		—		9,057		—		9,057
Total	$	50,703	$	9,490	$	—	$	60,193

The following table presents these instruments’ fair value at December 31, 2018:

	Level 1		Level 2		Level 3		Total
	(in thousands)
Cash Equivalents:
Money Market Funds	$	23	$	—	$	—	$	23
U.S. Treasury Bills		—		21,293		—		21,293
Corporate Bonds		—		3,064		—		3,064
Equity Investments, at Fair Value:
Equity Securities		8,960		607		—		9,567
Mutual Funds		24,653		—		—		24,653
Trading Securities:
U.S. Treasury Bills		—		5,283		—		5,283
Total	$	33,636	$	30,247	$	—	$	63,883