INVESTMENTS IN MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Marketable securities

Investments in marketable securities at December 31, 2015 consisted of the following (in millions):

	December 31, 2015
Marketable securities:
Corporate bonds — maturing within 1 year	$	3.1
Corporate bonds — maturing after 1 year and through March 2017		0.4
Exchange-traded funds		7.3
Total marketable securities	$	10.8

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The following tables provide a summary of the fair value and unrealized gains (losses) related to the Company’s available-for-sale securities (in millions):

	December 31, 2015
			Gross		Gross
			Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available-for-sale:
Corporate bonds	$	3.6	$	-	$	(0.1)	$	3.5
Exchange-traded funds		7.3		-		-		7.3
Total - Current	$	10.9	$	-	$	(0.1)	$	10.8

Fair Value, Assets Measured on Recurring Basis

Our assets measured at fair value or disclosed at fair value on a recurring basis as at December 31, 2015 consisted of the following (in millions):

	December 31, 2015
	Total		Level 1		Level 2		Level 3
Assets:
Corporate bonds		3.5		-		3.5		-
Exchange-traded funds		7.3		7.3		-		-
Total	$	10.8	$	7.3	$	3.5	$	-