Investments

3 Months Ended

Mar. 31, 2014

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 March 31, 2014, we had the following available-for-sale investments outstanding: 

	Cost		Gross		Gross
	Basis		Unrealized Gains		Unrealized Losses		Fair Value
Available-for-sale securities:
Equities	$	3,632	$	373	$	44	$	3,961
Mutual funds		10,914		430		8		11,336
Exchange traded funds		2,924		267		-		3,191
Total for available-for-sale securities	$	17,470	$	1,070	$	52	$	18,488

During the three months ended March 31, 2014 we received $0.6 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 nine months. We have evaluated the unrealized losses above and have determined that these losses do not represent an other than temporary impairment.