Marketable Securities

12 Months Ended

Dec. 31, 2015

Marketable Securities [Abstract]

Marketable Securities

(4) Marketable Securities

Marketable securities consist of Mutual Funds. For the twelve months ended December 31, 2015 and 2014, it was determined that some of the Marketable Securities had other than temporary impairments of approximately $315,000 and $145,000, respectively. At December 31, 2015 and 2014, all securities were classified as available for sale investments and were measured as Level 1 instruments of the fair value measurements standard (see Note 17: Fair Value).

Securities classified as available for sale consisted of:

December 31, 2015

(in thousands)

Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Short-Term Investments		Long Term Investments
Mutual Funds	$	6,892	$	—	$	(97	)	$	6,795	$	6,795	$	—
Totals	$	6,892	$	—	$	(97	)	$	6,795	$	6,795	$	—

December 31, 2014

(in thousands)

Securities	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Short-Term Investments		Long Term Investments
Mutual Funds	$	14,112	$	—	$	(160	)	$	13,952	$	13,952	$	—
Totals	$	14,112	$	—	$	(160	)	$	13,952	$	13,952	$	—

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, 2015

(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		2	$	2,834	$	(159	)	$	2,041	$	(21	)	$	4,875	$	(180	)
Totals		2	$	2,834	$	(159	)	$	2,041	$	(21	)	$	4,875	$	(180	)

December 31, 2014

(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		2	$	5,928	$	(106	)	$	8,024	$	(54	)	$	13,952	$	(160	)
Totals		2	$	5,928	$	(106	)	$	8,024	$	(54	)	$	13,952	$	(160	)