Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Measurements

Fair value measurements for assets and liabilities measured on a recurring basis

Fair value measurements for those items measured on a recurring basis are as follows (dollars in thousands):

March 31, 2015	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Tax free money market mutual funds	$	33	$	33	$	—	$	—
Money market mutual funds	4,587		4,587		—		—
Securities owned, at fair value:
Corporate stocks-trading securities	8,453		8,453		—		—
Mutual funds	3,751		3,751		—		—
Total	$	16,824	$	16,824	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks-trading securities	8,552		8,552		—		—
Total	$	8,552	$	8,552	$	—	$	—

December 31, 2014	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Tax free money market mutual funds	$	33	$	33	$	—	$	—
Money market mutual funds	6,965		6,965		—		—
Securities owned, at fair value:
Corporate stocks-trading securities	8,160		8,160		—		—
Mutual funds	3,913		3,913		—		—
Total	$	19,071	$	19,071	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks-trading securities	8,253		8,253		—		—
Total	$	8,253	$	8,253	$	—	$	—