Investments

9 Months Ended

Sep. 30, 2013

Investments [Abstract]

Investments

NOTE 4 – INVESTMENTS

Our available for sale securities consist of investments not classified as trading securities or as held-to-maturity. Our investments are classified as “Other assets” on our consolidated balance sheet.

As of September 30, 2013, we had the following available-for-sale investments outstanding:

	Cost		Gross		Gross
	Basis		Unrealized Gains		Unrealized Losses		Fair Value
Available-for-sale securities:
Equities	$	3,595	$	113	$	63	$	3,645
Mutual funds		8,514		90		20		8,584
Municipal bond		521		-		-		521
Exchange traded funds		3,194		84		25		3,253
Total for available-for-sale securities	$	15,824	$	287	$	108	$	16,003

During the three and nine months ended September 30, 2013 we received $4.6 million in proceeds from the sale of available-for-sale securities with a realized loss of less than $0.1 million.

We evaluate securities for other than temporary impairment on a quarterly basis and more frequently when economic or market concerns warrant such an evaluation. The unrealized losses above have been outstanding for less than three months. We have evaluated the unrealized losses above and have determined that these losses do not represent an other than temporary impairment.