Long Term Investments (Tables)

12 Months Ended

Dec. 31, 2014

Long-term Investments [Abstract]

Long-term investments

Long-term investments consist of the following:

	December 31, 2014		December 31, 2013
Investment partnerships	$	31,541	$	20,041
Real estate partnership	698		747
Long-term investments at Cost	32,239		20,788
Investment partnership accounted for under the equity method	8,053		8,595
	$	40,292	$	29,383

Long-term investments consist of the following investments accounted for at cost:

	December 31, 2014				December 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Investment partnerships	$	31,541	$	38,039	$	20,041	$	24,095
Real estate partnership	698		1,108		747		1,067
	$	32,239	$	39,147	$	20,788	$	25,162

Schedule of cost method investments

The changes in the fair value of these investments were as follows:

	2014			2013
Balance as of January 1	$	25,162		$	18,353
Contributions	12,000			5,000
Distributions	(549		)	(769		)
Realized gain on liquidation of long-term investments	—			189
Unrealized gains reclassified into net income	—			(189		)
Unrealized gain on long-term investments	2,534			2,578
Net change in long-term investments	2,534			2,389
Balance as of December 31	$	39,147		$	25,162

Schedule of equity method investments

Long-term investments consist of the following investments accounted for under the equity method:

	December 31, 2014		December 31, 2013
Investment partnership	$	8,053	$	8,595

The changes in the fair value of these investments were as follows:

	2014			2013
Balance as of January 1	$	8,595		$	6,432
Equity income on long-term investments accounted for under the equity method	1,242			2,066
Unrealized (loss) gain on long-term investments	(1,784		)	97
Net change in long-term investments	(1,784		)	97
Balance as of December 31	$	8,053		$	8,595