Note 5: 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. As of September 30, 2012, it was determined that none of the marketable securities had other-than-temporary impairments. At September 30, 2012, all securities were classified as available for sale investments and $12,698,000 were measured as Level 1 instruments and $9,200,000 were measured as level 2 instruments of the fair value measurements standard.

Securities classified as available for sale consisted of:

September 30, 2012

(in thousands)


Securities	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Fair Value	Short-Term Investments	Long Term Investments
Mutual Funds	$12,312	$ 386	$ 0	$12,698	$12,698	$ 0
US Treasury Bill	9,200	0	0	9,200	9,200	0

Totals	$21,512	$ 386	$ 0	$21,898	$21,898	$ 0

December 31, 2011

(in thousands)

Securities	Amortized Cost	Gross Unrealized Gains	Gross Unrealized Losses	Fair Value	Short-Term Investments	Long Term Investments
Mutual Funds	$22,087	$ 0	$ (334)	$21,753	$21,753	$ 0
Certificates of Deposit	2,155	10	0	2,165	1,707	458
Corporate Bonds	4,320	0	(51)	4,269	2,769	1,500

Totals	$28,562	$ 10	$ (385)	$28,187	$26,229	$ 1,958

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:

September 30, 2012

(in thousands)

All unrestricted investments were in a gain position as of September 30, 2012.

December 31, 2011

(in thousands)


		Less Than 12 Months			12 Months or Greater		Totals
Securities	Total Number In Loss Position		Fair Values	Unrealized Losses	Fair Values	Unrealized Losses	Total Fair Value	Total Unrealized Losses
Mutual Funds	1		$ 0	$ 0	$21,753	$ (334)	$21,753	$ (334)
Corporate Bonds	4		997	(16)	3,272	(35)	4,269	(51)

Totals	5		$ 997	$ (16)	$25,025	$ (369)	$26,022	$ (385)

Unrealized losses from fixed-income securities are primarily attributable to changes in interest rates and/or a reduction in their rating of credit worthiness as determined by independent financial rating services. Unrealized losses from domestic and international equities are due to market price movements.