CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2011		Mar. 31, 2011
Investments at market or fair value
Companies more than 25% owned (Cost: December 31, 2011 - $14,870, March 31, 2011 - $25,521)	$ 320,032		$ 310,181
Companies 5% to 25% owned (Cost: December 31, 2011 - $14,003, March 31, 2011 - $14,049)	97,420		83,335
Companies less than 5% owned (Cost: December 31, 2011 - $59,820, March 31, 2011 - $58,784)	62,323		95,757
Total investments (Cost: December 31, 2011 - $88,693, March 31, 2011 - $98,354)	479,775	[1]	489,273	[1]
Cash and cash equivalents	63,216		45,498
Receivables
Dividends and interest	5,991		523
Affiliates	290		340
Pension assets	7,684		7,398
Other assets	161		182
Total assets	557,117		543,214
Liabilities
Other liabilities	569		574
Pension liability	1,318		1,257
Income taxes payable	1,249
Deferred income taxes	2,231		2,150
Total liabilities	5,367		3,981
Net Assets
Common stock, $1 par value: authorized, 5,000,000 shares; issued, 4,339,416 shares at December 31, 2011 and 4,337,916 shares at March 31, 2011	4,339		4,338
Additional capital	177,975		173,905
Accumulated net investment income	2,290		872
Accumulated net realized gain (loss)	0		(6,863)
Unrealized appreciation of investments	391,083		390,918
Treasury stock - at cost on 584,878 shares	(23,937)		(23,937)
Total net assets	551,750		539,233
Total liabilities and net assets	$ 557,117		$ 543,214
Net asset value per share (on the 3,754,538 shares outstanding at December 31, 2011 and 3,753,038 shares outstanding at March 31, 2011)	$ 146.95		$ 143.68

[1] Debt Securities are generally valued on the basis of the price the security would command in order to provide a yield-to-maturity equivalent to the present yield of comparable debt instruments of similar quality. Issuers whose debt securities are judged to be of poor quality and doubtful collectability may instead be valued by assigning percentage discounts commensurate with the quality of such debt securities. Debt securities may also be valued based on the resulting value from the sale of the business at the estimated fair market value. Partnership Interests, Preferred Equity and Common Equity, including unrestricted marketable securities are valued at the closing sale price for the NYSE listed securities and the lower of the closing bid price or the last sale price for NASDAQ securities on the valuation date, and restricted marketable securities for which there is a public market are valued at the closing sale price for the NYSE listed securities and the lower of the closing bid price or the last sale price for NASDAQ securities on the valuation date adjusted in good faith by our Board of Directors if they deem a discount or premium would be likely or obtainable upon a sale or transfer of our interest. For those without a principal market, the Board of Directors considers the financial condition and operating results of the issuer; the long-term potential of the business of the issuer; the market for and recent sales prices of the issuer's securities; the values of similar securities issued by companies in similar businesses; the proportion of the issuer's securities owned by the Company; protective put analysis based on the Black-Scholes option pricing model; the nature and duration of resale restrictions; and the nature of any rights enabling the Company to require the issuer to register restricted securities under applicable securities laws. In determining the fair value of restricted securities, the Board of Directors considers the inherent value of such securities without regard to the restrictive feature and adjusts for any diminution in value resulting from restrictions on resale. Investments in certain entities that calculate net asset value per share (or its equivalent) and for which fair market value is not readily determinable, are valued using the net asset value per share (or its equivalent, such as member units or ownership interest in partners' capital to which a proportionate share of net assets is attributed) of the investment. Equity Warrants are valued using the Black-Scholes model which defines the fair value of a warrant in relation to the market price of its common stock, share price volatility, and time to maturity.