XML 27 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments and Fair Value Measurements (Details) (USD $)
 3 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Jun. 30, 2014
5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $104,496 and $0
Convertible Debt [Member]
Mar. 24, 2014
5.5% Variable Interest Senior Convertible Debentures due 2020, net of unamortized discount of $104,496 and $0
Convertible Debt [Member]
Jun. 30, 2014
Equity securities
Dec. 31, 2013
Equity securities
Jun. 30, 2014
Mutual funds invested in fixed income securities
Jun. 30, 2014
U.S. Government securities
Jun. 30, 2014
Corporate securities
Jun. 30, 2014
U.S. mortgage backed securities
Jun. 30, 2014
Commercial mortgage-backed securities
Jun. 30, 2014
U.S. asset backed securities
Jun. 30, 2014
Government agencies
Jun. 30, 2014
Fixed income securities
Dec. 31, 2013
Fixed income securities
Jun. 30, 2014
Warrants (1)
Ladenburg Thalmann Financial Services [Member]
New Valley LLC [Member]
Jun. 30, 2013
Warrants (1)
Ladenburg Thalmann Financial Services [Member]
New Valley LLC [Member]
Dec. 31, 2013
Warrants (1)
Ladenburg Thalmann Financial Services [Member]
New Valley LLC [Member]
Nov. 04, 2011
Warrants (1)
Ladenburg Thalmann Financial Services [Member]
New Valley LLC [Member]
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Equity securities
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Equity securities
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Equity securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Equity securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Equity securities
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Equity securities
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Equity securities
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Equity securities
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Mutual funds invested in fixed income securities
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Mutual funds invested in fixed income securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Mutual funds invested in fixed income securities
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Mutual funds invested in fixed income securities
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. Government securities
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. Government securities
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. Government securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. Government securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. Government securities
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. Government securities
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. Government securities
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. Government securities
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Corporate securities
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Corporate securities
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Corporate securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Corporate securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Corporate securities
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Corporate securities
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Corporate securities
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Corporate securities
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. mortgage backed securities
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. mortgage backed securities
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. mortgage backed securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. mortgage backed securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. mortgage backed securities
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. mortgage backed securities
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. mortgage backed securities
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. mortgage backed securities
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Commercial mortgage-backed securities
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Commercial mortgage-backed securities
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Commercial mortgage-backed securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Commercial mortgage-backed securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Commercial mortgage-backed securities
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Commercial mortgage-backed securities
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Commercial mortgage-backed securities
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Commercial mortgage-backed securities
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. asset backed securities
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. asset backed securities
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. asset backed securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. asset backed securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. asset backed securities
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. asset backed securities
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
U.S. asset backed securities
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
U.S. asset backed securities
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Government agencies
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Government agencies
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Government agencies
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Government agencies
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Index-linked U.S. bonds
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Index-linked U.S. bonds
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Index-linked U.S. bonds
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Index-linked U.S. bonds
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Index-linked U.S. bonds
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Index-linked U.S. bonds
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Index-linked U.S. bonds
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Index-linked U.S. bonds
Significant Unobservable Inputs (Level 3)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Fixed income securities
Total
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Fixed income securities
Total
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Fixed income securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Fixed income securities
Quoted Prices in Active Markets for Identical Assets (Level 1)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Fixed income securities
Significant Other Observable Inputs (Level 2)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Fixed income securities
Significant Other Observable Inputs (Level 2)
Jun. 30, 2014
Fair Value, Measurements, Recurring [Member]
Fixed income securities
Significant Unobservable Inputs (Level 3)
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Fixed income securities
Significant Unobservable Inputs (Level 3)
Assets:                                                                                                                                                                                                            
Money market funds                                             $ 335,332,000 $ 130,733,000 $ 335,332,000 $ 130,733,000 $ 0 $ 0 $ 0 $ 0                                                                                                                                                
Certificates of deposit                                             3,252,000 2,961,000 0 0 3,252,000 2,961,000 0 0                                                                                                                                                
Bonds                                             5,093,000 5,337,000 5,093,000 5,337,000 0 0 0 0                                                                                                                                                
Investment securities available for sale 237,767,000   237,767,000   172,534,000     123,034,000 118,474,000 60,522,000 11,197,000 30,648,000 214,000 6,645,000 5,061,000 192,000 54,211,000 54,060,000                         123,034,000 118,474,000 122,262,000 117,737,000 772,000 737,000 0 0 60,522,000 60,522,000 0 0 11,197,000 13,990,000 0 0 11,197,000 13,990,000 0 0 30,648,000 29,923,000 6,744,000 6,497,000 23,904,000 23,426,000 0 0 214,000 495,000 0 0 214,000 495,000 0 0 6,645,000 6,822,000 0 0 6,645,000 6,822,000 0 0 5,061,000 2,081,000 0 0 5,061,000 2,081,000 0 0 191,000 0 191,000 0 255,000 749,000 0 0 255,000 749,000 0 0 54,211,000 54,060,000 6,744,000 6,497,000 47,467,000 47,563,000 0 0
Warrants                                             1,647,000 1,935,000 0 0 0 0 1,647,000 1,935,000                                                                                                                                                
Total                                             583,091,000 313,500,000 529,953,000 260,304,000 51,491,000 51,261,000 1,647,000 1,935,000                                                                                                                                                
Liabilities:                                                                                                                                                                                                            
Fair value of derivatives embedded within convertible debt                                             191,554,000 112,062,000 0 0 0 0 191,554,000 112,062,000                                                                                                                                                
Investment (in shares)                                           1,000,000                                                                                                                                                                
Investment                                     1,647,000   1,758,000                                                                                                                                                                  
Change in fair value gain (loss)                                     (111,000) 65,000                                                                                                                                                                    
Interest rate           5.50% 5.50%                                                                                                                                                                                              
Income (loss) from embedded derivatives 1,970,000 2,450,000 320,000 5,499,000                                                                                                                                                                                                    
Nonrecurring nonfinancial assets subject to fair value measurements $ 0   $ 0   $ 0