Investment And Other Gains

3 Months Ended

Mar. 31, 2018

Investment And Other Gains [Abstract]

Investment And Other Gains

INVESTMENT AND OTHER GAINS

The following table summarizes our investment and other gains (in thousands):

	Three Months Ended
	March 31,
	2018		2017
Gains on sale of real estate	$	—	$	50
Gains on sales of marketable securities	—		10,038
	$	—	$	10,088

In January and February 2017, we recognized gains of $10,038,000 on sales totaling $11,718,000 of marketable securities with a carrying value $11,745,000 and an adjusted cost of $1,680,000 at December 31, 2016. Total proceeds of $18,182,000 from marketable securities for 2017 included settlements occurring in 2017 of $6,464,000 that resulted from sales in December 2016.