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Fair Value Measurements
3 Months Ended
Mar. 31, 2012
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note L: Fair Value Measurements

In accordance with FASB ASC 820-10, Fair Value Measurements and Disclosures, our assets and liabilities, which are carried at fair value, are classified in one of the following three categories:

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Other observable inputs other than quoted market prices.

Level 3: Unobservable inputs that are not corroborated by market data.

The tables below present our financial assets that are measured at fair value on a recurring basis as of March 31, 2012 and 2011 and September 30, 2011:

 

 

                                 
    March 31, 2012     Fair Value Measurements Using  

Financial assets:

    Level 1     Level 2     Level 3  
    (In thousands)  

Marketable equity securities

  $ 4,628     $ 4,628     $ —       $ —    
     
    March 31, 2011     Fair Value Measurements Using  

Financial assets:

    Level 1     Level 2     Level 3  
    (In thousands)  

Marketable equity securities

  $ 4,674     $ 4,674     $ —       $ —    
     
    September 30, 2011     Fair Value Measurements Using  

Financial assets:

    Level 1     Level 2     Level 3  
    (In thousands)  

Marketable equity securities

  $ 5,366     $ 5,366     $ —       $ —    

 

We measure the value of our marketable equity securities under a Level 1 input. These assets are publicly traded equity securities for which market prices are readily available. There were no transfers of assets in or out of Level 1 fair value measurements in the periods presented.