Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of financial assets and liabilities, at fair value

As indicated in the tables below (which excludes the Company’s pension assets), the Company has determined that all of its financial assets and liabilities as of March 31, 2016 and December 31, 2015 are Level 1 and Level 2 in the fair value hierarchy as defined above:

	March 31, 2016
	Level 1		Level 2		Total
Financial Assets:
Trading equity securities:
SERP money market fund	$	453	$	-	$	453
SERP mutual funds		2,895		--		2,895
Preferred stocks		1,008		--		1,008
Trading debt securities:
Corporate bonds		2,821		621		3,442
Municipal bonds		--		3,036		3,036
Floating rate notes		72		--		72
Asset backed securities		--		779		779
Savings bonds		84		--		84
Other		--		2,128		2,128
Derivative financial instruments		--		488		488
Total financial assets	$	7,333	$	7,052	$	14,385

Financial Liabilities:
SERP liabilities	$	--	$	6,307	$	6,307
Derivative financial instruments		--		526		526
Total financial liabilities	$	--	$	6,833	$	6,833

	December 31, 2015
	Level 1		Level 2		Total
Financial Assets:
Trading equity securities:
SERP money market fund	$	445	$	--	$	445
SERP mutual funds		2,864		--		2,864
Preferred stocks		742		--		742
Trading debt securities:
Corporate bonds		3,756		141		3,897
Municipal bonds		--		1,811		1,811
Floating rate notes		84		--		84
U.S. Treasury bills		404		--		404
Savings bonds		77		--		77
Other		--		2,755		2,755
Derivative financial instruments		--		1,265		1,265
Total financial assets	$	8,372	$	5,972	$	14,344

Financial Liabilities:
SERP liabilities	$	-	$	5,869	$	5,869
Total financial liabilities	$	-	$	5,869	$	5,869