Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

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, 2016	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Money market mutual funds	$	1	$	1	$	—	$	—
Securities owned, at fair value:
Corporate stocks-trading securities		6,171		6,171		—		—
Mutual funds		2,507		2,507		—		—
Total	$	8,679	$	8,679	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks-trading securities		6,143		6,143		—		—
Total	$	6,143	$	6,143	$	—	$	—

December 31, 2015	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Tax free money market mutual funds	$	33	$	33	$	—	$	—
Money market mutual funds		—		—		—		—
Securities owned, at fair value:
Corporate stocks-trading securities		2,571		2,571		—		—
Mutual funds		3,027		3,027		—		—
Total	$	5,631	$	5,631	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks-trading securities		2,637		2,637		—		—
Total	$	2,637	$	2,637	$	—	$	—