Investments

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

The investment balances at September 30, 2014 and December 31, 2013, consist of the Rabbi Trust(s) associated with deferred compensation plan(s). We classify these investments as trading securities and report them at their fair value. For the three months ended September 30, 2014 and 2013, we recorded a net unrealized loss of $41,000 and $259,000, respectively, in other income in the condensed consolidated statements of income related to these investments. For the nine months ended September 30, 2014 and 2013, we recorded a net unrealized gain of $111,000 and a net unrealized loss of $217,000, respectively, in other income in the condensed consolidated statements of income related to these investments. We also have recorded an associated liability, which is included in other pension and benefit costs in the condensed consolidated balance sheets. This liability is adjusted each month for the gains and losses incurred by the Rabbi Trusts.