Marketable Securities - Restricted

12 Months Ended

Dec. 31, 2013

Marketable Securities - Restricted

Marketable Securities - Unrestricted

Marketable securities consist of fixed income securities with remaining maturities of greater than three months at the date of purchase, debt securities and equity securities. For the twelve months ended December 31, 2013 and 2012, it was determined that some of the Marketable Securities had other than temporary impairments of approximately $800,000 and $9,000, respectively. At December 31, 2013, all securities were classified as available for sale investments and were measured as Level 1 instruments of the fair value measurements standard. At December 31, 2012, all of these securities were classified as available for sale investments and were measured as Level 1 instruments of the fair value measurements standard (see Note 19: Fair Value).

Securities classified as available for sale consisted of:

December 31, 2013

(in thousands)

Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Short-Term Investments		Long Term Investments
Mutual Funds	$	17,504	$	116	$	(229	)	$	17,391	$	17,391	$	—
Totals	$	17,504	$	116	$	(229	)	$	17,391	$	17,391	$	—

December 31, 2012

(in thousands)

Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Short-Term Investments		Long Term Investments
Mutual Funds	$	27,230	$	11	$	—	$	27,241	$	27,241	$	—
Totals	$	27,230	$	11	$	—	$	27,241	$	27,241	$	—

Unrealized losses on investments

Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:

December 31, 2013

(in thousands)

	Total	Less Than 12 Months					12 Months or Greater				Totals
Securities	Number In Loss Position	Fair Values		Unrealized Losses			Fair Values		Unrealized Losses		Total Fair Value		Total Unrealized Losses
Mutual Funds	1	$	12,460	$	(229	)	$	—	$	—	$	12,460	$	(229	)
Totals	1	$	12,460	$	(229	)	$	—	$	—	$	12,460	$	(229	)

December 31, 2012

There were no unrealized losses on investments with continuous unrealized losses for less than 12 months and 12 months or greater as of December 31, 2012.

Restricted Securities

Marketable Securities - Restricted

Marketable Securities - Restricted

A Margin Account was established on July 26, 2011 for which the Company needs to pledge, restrict from sale and segregate marketable securities at an approximate ratio range of two to one, based on the diversity of securities pledged as collateral, for those funds withdrawn and outstanding (see Note 20: Margin Account Loan).

There were no restricted marketable securities as of December 31, 2013 as all amounts borrowed under the Margin Account were repaid in 2013 (see Note 20: Margin Account Loan).

As of December 31, 2012, restricted marketable securities consisted of corporate bonds with remaining maturities of greater than three months at the date of purchase, debt securities and mutual funds. As of December 31, 2012, it was determined that none of the Marketable Securities had other-than-temporary impairments. At December 31, 2012, all restricted securities were classified as restricted from sale investments and $13,499,000 were measured as level 1 instruments and $1,001,000 were measured as level 2 instruments of the fair value measurements standard (see Note 19: Fair Value).

Securities classified as restricted from sale consisted of:

December 31, 2012

(in thousands)

Securities	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value		Short-Term Investments		Long Term Investments
Corporate Bonds	$	3,503	$	1	$	0		$	3,504	$	3,504	$	0
Mutual Funds	11,049		0		(53		)	10,996		10,996		0
Totals	$	14,552	$	1	$	(53	)	$	14,500	$	14,500	$	0

Unrealized losses on investments restricted from sale

There were no unrealized losses on investments restricted from sale as of December 31, 2013 as all amounts borrowed under the Margin Account were repaid in 2013. Investments restricted from sale with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:

December 31, 2012

(in thousands)

	Total	Less Than 12 Months					12 Months or Greater				Totals
Securities	Number In Loss Position	Fair Values		Unrealized Losses			Fair Values		Unrealized Losses		Total Fair Value		Total Unrealized Losses
Mutual Funds	1	$	10,996	$	(54	)	$	—	$	—	$	10,996	$	(54	)
Totals	1	$	10,996	$	(54	)	$	—	$	—	$	10,996	$	(54	)

Unrealized losses from domestic and international equities, including mutual funds, are due to market price movements.