Investments

12 Months Ended

Dec. 31, 2019

INVESTMENTS

The investment balances at December 31, 2020 and 2019, consisted of the following:


	As of December 31,
(in thousands)	2020		2019
Rabbi trust (associated with the Non-Qualified Deferred Compensation Plan)	$	10,755	$	9,202
Investments in equity securities	21		27
Total	$	10,776	$	9,229

We classify these investments as trading securities and report them at their fair value. For the years ended December 31, 2020, 2019 and 2018, we recorded net unrealized gains of $1.5 million, $1.6 million, and net unrealized losses of $0.4 million, respectively in other income (expense) in the consolidated statements of income related to these investments. For the investments in the Rabbi Trust, we also have recorded an associated liability, which is included in other pension and benefit costs in the consolidated balance sheets and is adjusted each period for the gains and losses incurred by the investments in the Rabbi Trust.