XML 84 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments
12 Months Ended
Dec. 31, 2013
Investments Disclosure [Abstract]  
Investments Disclosure [Text Block]

Note 6 — Investments

 

At December 31, 2013 and December 31, 2012, the Company had both available-for-sale and trading investments. The available-for-sale investments consisted entirely of municipal bonds while the trading investments were comprised primarily of debt and equity mutual funds. These investments are stated at fair market value based on current quotes.

 

The following table sets forth selected data with respect to the Company's investments at December 31, (in millions):

 

 2013 2012
 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Carrying Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Carrying Value
                              
Available-For-Sale Investments $ 38.0 $ 0.6 $ - $ 38.6 $ 38.6 $ 38.5 $ 1.2 $ - $ 39.7 $ 39.7
Trading Investments  5.4   1.9   -   7.3   7.3   4.7   1.1   -   5.8   5.8
Total Investments $ 43.4 $ 2.5 $ - $ 45.9 $ 45.9 $ 43.2 $ 2.3 $ - $ 45.5 $ 45.5

Contractual maturities of available-for-sale investments at December 31, 2013 were as follows (in millions):

 

  Amortized Cost Fair Value 
 Available-For-Sale Investments      
 Due within 1 year $ 10.0 $ 10.1 
 After 1 year but within 5 years   18.4   18.9 
 After 5 years but within 10 years   9.6   9.6 
 Due after 10 years   -   - 
 Total $ 38.0 $ 38.6 

At December 31, 2013 and 2012, the total net of tax unrealized gains recorded relating to available-for-sale securities were $0.4 and $0.7 million, respectively. These net unrealized gains have been included in Accumulated other comprehensive loss, net of tax. Net unrealized gains relating to trading investments have been reflected in the results of operations. The cost basis used in computing the gain or loss on these securities was through specific identification. Gains and losses for both available-for-sale and trading securities were not material in 2013, 2012 and 2011.