Financial Instruments

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Financial Instruments

Note 18 - Financial instruments:

The following table summarizes the valuation of our marketable securities on a fair value basis as of December 31, 2014 and 2015:

	Fair value measurements
	Total		Quotedprices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(In thousands)
December 31, 2014
Marketable securities	$	92,131	$	92,131	$	-	$	-
December 31, 2015
Marketable securities	$	19,260	$	19,260	$	-	$	-

The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure as December 31, 2014 and 2015:

	December 31, 2014				December 31, 2015
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
	(In thousands)
Cash, cash equivalents and restricted cash	$	77,975	$	77,975	$	100,981	$	100,981
Noncontrolling interest in CompX common stock		14,428		19,936		15,301		18,878

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 inputs.  Due to their near-term maturities, the carrying amounts of accounts receivable and accounts payable are considered equivalent to fair value.