Fair Value Measurements (Tables)

9 Months Ended

Sep. 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):

September 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	353		353		—		—
Money market mutual funds	4,217		4,217		—		—
Securities owned, at fair value:
Corporate stocks-trading securities	7,717		7,717		—		—
Mutual funds	4,480		4,480		—		—
Total	$	16,800	$	16,800	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks-trading securities	7,490		7,490		—		—
Total	$	7,490	$	7,490	$	—	$	—

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	$	—	$	—