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Financial Instruments and Fair Value Measurements
 3 Months Ended
Mar. 31, 2014
Financial Instruments and Fair Value Measurements

Note 14 - Financial instruments and fair value measurements:

See Note 4 for information on how we determine fair value of our marketable securities.

The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure at December 31, 2013 and March 31, 2014:

 

 

December 31, 2013

 

 

March 31, 2014

 

 

Carrying
Amount

 

 

Fair
Value

 

 

Carrying
Amount

 

 

Fair
Value

 

 

(in thousands)

 

Cash, cash equivalents and restricted cash

$

57,639

  

  

$

57,639

  

  

$

57,504

  

  

$

57,504

  

Noncontrolling interest in CompX common stock

 

13,615

  

  

 

23,119

  

  

 

13,812

  

  

 

16,798

  

NL stockholders’ equity

 

355,380

  

  

 

544,174

  

  

 

275,070

  

  

 

527,625

  

The fair value of our noncontrolling interest in CompX and NL stockholder’s equity are based upon quoted market prices at each balance sheet date, which represent Level 1 inputs as defined by ASC Topic 820-10-35. Due to their near-term maturities, the carrying amounts of accounts receivable and accounts payable are considered equivalent to fair value.