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Marketable Securities (Tables)
6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Summary of available-for-sale securities
The following is a summary of available-for-sale securities at:
($ in thousands)
 
June 30, 2018
 
December 31, 2017
Marketable Securities:
Fair Value
Hierarchy
Cost
 
Fair Value
 
Cost
 
Fair Value
Certificates of deposit
 
 
 
 
 
 
 
 
with unrecognized losses for less than 12 months
 
$
6,625

 
$
6,563

 
$
6,238

 
$
6,222

with unrecognized losses for more than 12 months
 
987

 
984

 
102

 
100

with unrecognized gains
 

 

 
2,088

 
2,089

Total Certificates of deposit
Level 1
7,612

 
7,547

 
8,428

 
8,411

U.S. Treasury and agency notes
 
 
 
 
 
 
 
 
with unrecognized losses for less than 12 months
 
30,010

 
29,780

 
29,741

 
29,669

with unrecognized losses for more than 12 months
 
137

 
136

 
137

 
135

with unrecognized gains
 
3

 
4

 
152

 
153

Total U.S. Treasury and agency notes
Level 2
30,150

 
29,920

 
30,030

 
29,957

Corporate notes
 
 
 
 
 
 
 
 
with unrecognized losses for less than 12 months
 
21,856

 
21,662

 
18,230

 
18,159

with unrecognized losses for more than 12 months
 
2,499

 
2,479

 
2,804

 
2,788

with unrecognized gains
 

 

 

 

Total Corporate notes
Level 2
24,355

 
24,141

 
21,034

 
20,947

Municipal notes
 
 
 
 
 
 
 
 
with unrecognized losses for less than 12 months
 
6,995

 
6,948

 
10,298

 
10,288

with unrecognized losses for more than 12 months
 
955

 
943

 
999

 
987

with unrecognized gains
 
453

 
453

 
277

 
278

Total Municipal notes
Level 2
8,403

 
8,344

 
11,574

 
11,553

 
 
$
70,520

 
$
69,952

 
$
71,066

 
$
70,868

Summary of maturities, at par, of marketable securities by year
The following tables summarize the maturities, at par, of marketable securities as of:
 
June 30, 2018
($ in thousands)
2018
 
2019
 
2020
 
2021
 
Total
Certificates of deposit
$
3,497

 
$
2,311

 
$
1,799

 
$

 
$
7,607

U.S. Treasury and agency notes
4,176

 
16,924

 
9,174

 

 
30,274

Corporate notes
7,097

 
9,621

 
7,150

 
400

 
24,268

Municipal notes
1,243

 
5,157

 
2,000

 

 
8,400

 
$
16,013

 
$
34,013

 
$
20,123

 
$
400

 
$
70,549

 
 
December 31, 2017
($ in thousands)
2018
 
2019
 
2020
 
2021
 
Total
Certificates of deposit
$
4,306

 
$
2,311

 
$
1,799

 

 
$
8,416

U.S. Treasury and agency notes
6,399

 
14,599

 
9,171

 

 
30,169

Corporate notes
7,954

 
6,430

 
6,450

 

 
20,834

Municipal notes
1,568

 
6,957

 
3,003

 

 
11,528

 
$
20,227

 
$
30,297

 
$
20,423

 
$

 
$
70,947