Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes financial liabilities measured at fair value on a recurring basis:

	December 31, 2013							December 31, 2012
(In Thousands)	Level 1		Level 2			Level 3		Level 1		Level 2			Level 3
Deferred Compensation Liability	$	—	$	(12,557	)	$	—	$	—	$	(9,518	)	$	—

Assets Measured at Fair Value on Nonrecurring Basis

The following table summarizes non-financial assets measured at fair value on a nonrecurring basis:

	December 31, 2013						December 31, 2012
(In Thousands)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Assets Held for Sale	$	—	$	15,840	$	—	$	—	$	11,104	$	—

Fair Value of Assets (Liabilities) Not Measured at Fair Value In Consolidated Balance Sheets

The following table summarizes the fair value of assets (liabilities) that are not measured at fair value in the consolidated balance sheets, but for which the fair value is disclosed:

	December 31, 2013							December 31, 2012
(In Thousands)	Level 1		Level 2			Level 3		Level 1		Level 2			Level 3
Corporate Bonds 1	$	—	$	91,785		$	—	$	—	$	67,470		$	—
Perfect Home Notes 2	—		—			20,661		—		—			18,449
Fixed-Rate Long Term Debt 3	—		(130,687		)	—		—		(127,261		)	—

¹ The fair value of corporate bonds is determined through the use of model-based valuation techniques for which all significant assumptions are observable in the market.

² The Perfect Home notes were initially valued at cost. The Company periodically reviews the valuation utilizing company-specific transactions or changes in Perfect Home's financial performance to determine if fair value adjustments are necessary.

³ The fair value of fixed-rate long term debt is estimated using the present value of underlying cash flows discounted at a current market yield for similar instruments. The carrying value of fixed-rate long term debt was $125.0 million at December 31, 2013 and December 31, 2012.

Investments Classified as Held to Maturity Securities

At December 31, 2013 and 2012, investments classified as held-to-maturity securities consisted of the following:

			Gross Unrealized
(In Thousands)	Amortized Cost		Gains		Losses			Fair Value
2013
Corporate Bonds	$	91,730	$	98	$	(43	)	$	91,785
Perfect Home Notes	20,661		—		—			20,661
Total	$	112,391	$	98	$	(43	)	$	112,446
2012
Corporate Bonds	$	67,412	$	99	$	(41	)	$	67,470
Perfect Home Notes	18,449		—		—			18,449
Total	$	85,861	$	99	$	(41	)	$	85,919

Amortized Cost and Fair Value of Held to Maturity Securities

The amortized cost and fair value of held-to-maturity securities by contractual maturity as of December 31, 2013 are as follows:

(In Thousands)	Amortized Cost		Fair Value
Due in one year or less	$	55,250	$	55,284
Due in years one through two	57,141		57,162
Total	$	112,391	$	112,446

Held to Maturity Securities with Gross Unrealized Losses

Information pertaining to held-to-maturity securities with gross unrealized losses is as follows.

	December 31, 2013					December 31, 2012
(In Thousands)	Fair Value		Gross  Unrealized Losses			Fair Value		Gross Unrealized Losses
Corporate Bonds	$	31,453	$	(43	)	$	22,785	$	(41	)