Non-Qualified Deferred Compensation Plan

3 Months Ended

Mar. 31, 2016

Non Qualified Deferred Compensation Plan [Abstract]

Non-Qualified Deferred Compensation Plan

Non-Qualified Deferred Compensation Plan ("NQDCP")

The Company maintains a NQDCP which allows select employees and directors to defer part or all of their cash bonus, director fees, and restricted stock awards. All contributions into the participants' accounts are fully vested upon contribution to the NQDCP and are deposited in a Rabbi trust.

The following table reflects the balances of the assets and deferred compensation liabilities of the Rabbi trust in the accompanying Consolidated Balance Sheets:

Non-Qualified Deferred Compensation Plan Component (1)
(in thousands)	March 31, 2016		December 31, 2015
Assets:
Trading securities held in trust	$	29,615	29,093
Liabilities:
Accounts payable and other liabilities	$	29,176	28,632

⁽¹⁾ Assets and liabilities of the Rabbi trust exclude shares of the Company's common stock.

Realized and unrealized gains and losses on trading securities are recognized within net investment income in the accompanying Consolidated Statements of Operations. Changes in participant obligations, which is based on changes in the value of their investment elections, is recognized within general and administrative expenses within the accompanying Consolidated Statements of Operations.