Investments

9 Months Ended

Sep. 30, 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 September 30, 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	$	3,706		378		87		3,997
Mutual funds		10,086		434		3		10,517
Exchange traded funds		4,484		263		6		4,741
Total for available-for-sale securities	$	18,276	$	1,075	$	96	$	19,255

As of December 31, 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	$	3,647		361		41		3,967
Mutual funds		11,339		320		20		11,639
Exchange traded funds		2,924		217		1		3,140
Total for available-for-sale securities	$	17,910	$	898	$	62	$	18,746

During the nine months ended September 30, 2014 we received $3.7 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. We have evaluated the unrealized losses above and have determined that these losses do not represent an other than temporary impairment.