Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Measurements

Fair value measurements for assets and liabilities measured on a recurring basis

Fair value measurements for those items measured on a recurring basis are as follows (dollars in thousands):

June 30, 2013	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Tax free money market mutual funds	$	33	$	33	$	—	$	—
U.S. government money market mutual funds	391		391		—		—
Money market mutual funds	4,127		4,127		—		—
Securities owned, at fair value:
Corporate stocks-trading securities	4,513		4,513		—		—
Mutual funds	2,601		2,601		—		—
Total	$	11,665	$	11,665	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks-trading securities	2,644		2,644		—		—
Total	$	2,644	$	2,644	$	—	$	—

December 31, 2012	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Tax free money market mutual funds	$	4,555	$	4,555	$	—	$	—
U.S. government money market mutual funds	97,203		97,203		—		—
Money market mutual funds	6,231		6,231		—		—
Securities owned, at fair value:
Corporate stocks-trading securities	5,438		5,438		—		—
Mutual funds	4,648		4,648		—		—
Total	$	118,075	$	118,075	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks—trading securities	$	5,249	$	5,249	$	—	$	—
Total	$	5,249	$	5,249	$	—	$	—