Marketable Securities

3 Months Ended

6 Months Ended

Jun. 30, 2012

Sep. 30, 2012

Marketable Securitiesb [Abstract]

Available For Sale Securities [Text Block]

		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Marketable securities	$	23,183	$	2,249	$	39	$	25,393

5.       Marketable Securities

All of the Company's marketable securities, which consist of equity securities and fixed income securities, have been classified as available-for-sale securities and are therefore recorded at their fair values with the unrealized gains and losses, net of tax, reported in accumulated other comprehensive income (loss) in the shareholders' equity section of the balance sheet unless unrealized losses are deemed to be other than temporary. In such instances, the unrealized losses are reported in the consolidated statements of operations and retained earnings within investment income. Estimated fair value is based on published trading values at the balance sheet dates. The cost of securities sold is based on the specific identification method. Interest and dividend income are included in investment income in the consolidated statements of operations and retained earnings.

The marketable securities are carried as long-term assets since they are held for the settlement of the Company's general and products liability insurance claims filed through CM Insurance Company, Inc., a wholly owned captive insurance subsidiary.  The marketable securities are not available for general working capital purposes.

In accordance with ASC Topic 320-10-35-30 “Investments – Debt & Equity Securities – Subsequent Measurement,” the Company reviews its marketable securities for declines in market value that may be considered other-than-temporary. The Company generally considers market value declines to be other-than-temporary if there are declines for a period longer than six months and in excess of 20% of original cost, or when other evidence indicates impairment.  There were no other-than-temporary impairments for the six months endedSeptember 30, 2012 or September 30, 2011.

The following is a summary of available-for-sale securities atSeptember 30, 2012 (in thousands):

				Gross Unrealized		Gross Unrealized		Estimated Fair
		Cost		Gains		Losses		Value
Marketable securities	$	22,153	$	2,538	$	62	$	24,629

The aggregate fair value of investments and unrealized losses on available-for-sale securities in an unrealized loss position at September 30,2012 are as follows (in thousands):

		Aggregate		Unrealized
		Fair Value		Losses
Securities in a continuous loss position for less than 12 months	$	-	$	-
Securities in a continuous loss position for more than 12 months		1,048		62
	$	1,048	$	62

Net realized gains related to sales of marketable securities were$170,000 and$58,000, in the three-month periods ended September 30, 2012andSeptember 30, 2011, respectivelyand $253,000 and $121,000 for the six month periods then ended, respectively.

The following is a summary of available-for-sale securities atMarch 31, 2012 (in thousands):