Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Reconciliation of Beginning and Ending Balances for Assets Measured at Fair Value Using Significant Unobservable Inputs

The following table sets forth the reconciliation of beginning and ending balances for auction rate securities at fair value using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2012 (dollars in thousands). The auction rate securities were redeemed prior to December 31, 2012.


	Three Months Ended				Six Months Ended
	June 30				June 30,
	2013		2012		2013		2012
Balance at beginning of period	$	—	$	882	$	—		902
Losses included in earnings		—		—		—		(11	)
Gains included in other comprehensive income		—		41		—		32

Balance as of June 30	$	—	$	923	$	—	$	923

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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