Investments

3 Months Ended

Mar. 31, 2012

Investments [Abstract]

INVESTMENTS

8. Investments

The investment balance at March 31, 2012, represents: (a) a Rabbi Trust associated with our Supplemental Executive Retirement Savings Plan, (b) a Rabbi Trust related to a stay bonus agreement with a former executive, and (c) investments in equity securities. We classify these investments as trading securities and report them at their fair value. We recorded $317,000 for an unrealized gain, net of other expenses, in other income in the consolidated statements of income. We also have recorded an associated liability that is adjusted each month for the gains and losses incurred by the Rabbi Trusts. At March 31, 2012 and December 31, 2011, total investments had a fair value of $4.3 million and $4.0 million, respectively.