Financial Instruments and Fair Value Measurements

9 Months Ended

Sep. 30, 2015

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, 2014 and September 30, 2015:

	December 31, 2014				September 30, 2015
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(In thousands)
Cash, cash equivalents and restricted cash	$	77,975	$	77,975	$	93,118	$	93,118
Noncontrolling interest in CompX common stock		14,428		19,936		15,167		18,199

The fair value of our noncontrolling interest in CompX stockholders’ equity is based upon its quoted market price at each balance sheet date, which represents Level 1. Due to their near-term maturities, the carrying amounts of accounts receivable and accounts payable are considered equivalent to fair value.