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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Investment income:        
Interest $ 591 $ 484 $ 1,178 $ 937
Dividends 668 621 1,240 1,193
Management and directors' fees 85 152 377 324
Revenues total 1,344 1,257 2,795 2,454
Operating expenses:        
Salaries 746 511 1,363 983
Stock option expense 15 259 272 503
Net pension expense/(benefit) 58 (77) (17) (150)
Professional fees 269 234 576 539
Other operating expenses 350 278 663 495
Total operating expenses 1,438 1,205 2,857 2,370
Income/(loss) before income taxes (94) 52 (62) 84
Income tax expense 27 29 40 47
Net investment income/ (loss) (121) 23 (102) 37
Proceeds from disposition of investments 0 18,500 67,505 18,539
Cost of investments sold 7 150 624 6,100
Net realized gain/(loss) on investments (7) 18,350 66,881 12,439
Net increase (decrease) in unrealized appreciation of investments 50,321 (44,076) (28,200) (48,634)
Net realized and unrealized gain (loss) on investments 50,314 (25,726) 38,681 (36,195)
Increase (decrease) in net assets from operations $ 50,193 $ (25,703) $ 38,579 $ (36,158)