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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Investment income:        
Interest $ 518 $ 506 $ 1,696 $ 1,444
Dividends 6,308 4,955 7,548 6,148
Management and other income 146 163 523 486
Revenues total 6,972 5,624 9,767 8,078
Operating expenses:        
Salaries 2,357 588 3,720 1,571
Stock option expense 62 253 334 757
Net pension benefit (9) (75) (26) (225)
Professional fees 191 202 767 741
Other operating expenses 272 244 935 739
Total operating expenses 2,873 1,212 5,730 3,583
Income before income taxes 4,099 4,412 4,037 4,495
Income tax expense (benefit) (43) 27 (3) 74
Net investment income 4,142 4,385 4,040 4,421
Proceeds from disposition of investments 11,023 13,417 78,528 31,956
Cost of investments sold 9,258 14,528 9,882 20,628
Realized gain (loss) on investments before income tax 1,765 (1,111) 68,646 11,328
Income tax expense 1,125 1,249 1,125 1,249
Net realized gain (loss) on investments 640 (2,360) 67,521 10,079
Net increase (decrease) in unrealized appreciation of investments 22,296 48,798 (5,904) 165
Net realized and unrealized gain on investments 22,936 46,438 61,617 10,244
Increase in net assets from operations $ 27,078 $ 50,823 $ 65,657 $ 14,665