XML 82 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investments and Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2013
Investments Debt And Equity Securities [Abstract]  
Changes in Unrealized Gains and Losses on Available-for-sale Securities

Changes in unrealized gains and losses on available-for-sale securities are included in these financial statements as follows (in thousands):

 

      Year Ended December 31,  
              2013                      2012                      2011          

Changes in unrealized gains and losses on available-for- sale securities, net of tax, recorded in accumulated other comprehensive income (loss)

     $     (456)              $     887              $     (385)        
  

 

 

    

 

 

    

 

 

 
Aggregate Market Value and Unrealized Losses of Investment

The following table shows the number, aggregate market value and unrealized losses (in thousands) of investments with market values that were less than amortized cost as of December 31, 2013. These lower market values are primarily caused by fluctuations in interest rates and credit spreads. Market values are expected to recover to the amortized cost prior to maturity.

 

     Unrealized Loss < 12 months      Unrealized Loss > 12 months  
     Number of
investments
   Aggregate
Market Value
         Unrealized    
Losses
     Number of
investments
   Aggregate
Market Value
         Unrealized    
Losses
 
  

 

    

 

 

Government securities

     0      $ 0              $ 0               3          $     23,207              $ (19)       

State and municipal bonds

     5      7,368              (8)               4          6,559              (20)       

Corporate Securities

     9      3,031              (2)              60           51,757              (673)       

Other

     1      1,018              0               2          2,982              (1)       
  

 

    

 

 

Total

   15      $     11,417              $     (10)              69           $     84,505              $ (713)       
  

 

    

 

 

As of December 31, 2012, the number, aggregate market value and unrealized losses (in thousands) of investments with market values that were less than amortized cost were:

 

     Unrealized Loss < 12 months      Unrealized Loss > 12 months  
     Number of
investments
   Aggregate
Market Value
     Unrealized
Losses
     Number of
investments
   Aggregate
Market Value
     Unrealized
Losses
 
  

 

    

 

 

Government securities

    4    $ 5,179       $ (3)            1    $ 1,790       $ (0)       

State and municipal bonds

   19      24,969         (27)            1      1,092         (1)       

Corporate Securities

   33      15,429         (23)            14      7,262         (445)       
  

 

    

 

 

Total

   56    $ 45,577       $ (53)            16    $ 10,144       $ (446)       
  

 

    

 

 
Schedule of Realized Gains on the Sales of Available-For-Sale Securities

Using the specific identification method, the proceeds and realized gains on the sales of available-for-sale securities were as follows (in thousands):

 

     Year Ended December 31,  
  

 

 

 
      2013     2012     2011  

Proceeds

   $ 336,741      $ 164,410      $ 303,801        

Realized gains

     727        423        388        

Realized losses

     (81     (78     (306)        

Net realized gains included in other comprehensive income (loss) as of the end of the prior year

     603        285        159