Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Schedule of financial assets and liabilities, excluding pension assets, at fair value

As indicated in the table below (which excludes the Company's pension assets), the Company has determined that all its financial assets and liabilities as of September 30 2012 and December 31, 2011 are level 1 and level 2 in the fair value hierarchy as defined above (in thousands):

	September 30, 2012
	Level 1		Level 2		Level 3		Total
Financial Assets:
Trading equity securities:
SERP money market fund	$	994	$	-	$	-	$	994
SERP mutual funds		1,783		-		-		1,783
Preferred stocks		718		-		-		718
Trading debt securities:
Corporate bonds		3,465		906		-		4,371
Municipal bonds		1,241		1,311		-		2,552
Floating rate notes		776		198		-		974
U.S. Treasury bill		250				-		250
Other government bonds		-		467		-		467
Total financial assets	$	9,227	$	2,882	$	-	$	12,109
Financial Liabilities:
SERP liabilities	$	6,244	$	-	$	-	$	6,244
Derivative financial instruments		-		144				144
Total financial liabilities	$	6,244	$	144	$	-	$	6,388

	December 31, 2011
	Level 1		Level 2		Level 3		Total
Financial Assets:
Trading equity securities:
SERP money market fund	$	989	$	-	$	-	$	989
SERP mutual funds		1,732		-		-		1,732
Preferred stocks		441		-		-		441
Trading debt securities:
Corporate bonds		1,649		2,238		-		3,887
Municipal bonds		211		2,880		-		3,091
Floating rate notes		97		233		-		330
U.S. Treasury bill		250		-		-		250
Other government bonds		-		343		-		343
Derivative financial instruments		-		307		-		307
Total financial assets	$	5,369	$	6,001	$	-	$	11,370
Financial Liabilities:
SERP liabilities	$	6,076	$	-	$	-	$	6,076
Derivative financial instruments		-		50		-		50
Total financial liabilities	$	6,076	$	50	$	-	$	6,126

Schedule of company investments (other than pension assets)

The Company's investments (other than pension assets) consist of the following (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value (Net Carrying Amount)
September 30, 2012:
Trading equity securities	$	3,229	$	266	$	-	$	3,495
Trading debt securities		8,469		210		65		8,614
	$	11,698	$	476	$	65	$	12,109
December 31, 2011:
Trading equity securities	$	3,160	$	81	$	79	$	3,162
Trading debt securities		7,761		211		71		7,901
	$	10,921	$	292	$	150	$	11,063