Marketable Securities and Derivative Instruments

12 Months Ended

Dec. 31, 2016

Marketable Securities and Derivative Instruments [Abstract]

Marketable Securities and Derivative Instruments

4.Marketable Securities

Our portfolio of marketable securities is comprised of equity securities that are classified as available-for-sale. Available-for-sale securities are presented on our consolidated balance sheets at fair value. Unrealized gains and losses resulting from the mark-to-market of these securities are included in “other comprehensiveincome (loss).” Realized gains and losses are recognized in earnings only upon the sale of the securities and are recorded based on the weighted average cost of such securities.

We evaluate our portfolio of marketable securities for impairment each reporting period. For each of the securities in our portfoliowith unrealized losses, we review the underlying cause of the decline in value and the estimated recovery period, as well as the severity and duration of the decline. In our evaluation, we consider our ability and intent to hold these investments for a reasonable period of time sufficient for us to recover our cost basis. We also evaluate the near-term prospects for each of these investments in relation to the severity and duration of the decline.

	Below is a summary of our marketable securities portfolio as of December 31, 2016 and 2015.
(Amounts in thousands)		As of December 31, 2016						As of December 31, 2015
				GAAP		Unrealized				GAAP		Unrealized
		Fair Value		Cost		Gain		Fair Value		Cost		Gain
Equity securities:
	Lexington Realty Trust	$	199,465	$	72,549	$	126,916	$	147,752	$	72,549	$	75,203
	Other		4,239		650		3,589		3,245		-		3,245
		$	203,704	$	73,199	$	130,505	$	150,997	$	72,549	$	78,448