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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2012
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):

 

     Fair Value Measurements at Reporting Date Using  

Description

   Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 

Equity Securities

   $ 10,594       $ —         $ —     
  

 

 

    

 

 

    

 

 

 

Total assets as of December 31, 2011

   $ 10,594       $ —         $ —     
  

 

 

    

 

 

    

 

 

 

Equity Securities

   $ —         $ —         $ —     
  

 

 

    

 

 

    

 

 

 

Total assets as of March 31, 2012

   $ —         $ —         $ —