Fair Value (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2011

Dec. 31, 2010

Fair Value

Schedule of Assets and Liabilities Measured on Recurring Basis at Fair Value

	June 30, 2011
				Fair Value Measurements Using
	Total Fair Value Measurements			Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)			Significant Other  Observable Inputs (Level 2)
Investments classified as current assets:
Investments available for sale:
Bonds and notes:
U.S. Government and agencies	$	603,537		$	603,537		$	–
All other corporates		10,039			9,791			248
Non-current investments:
Investments available for sale:
Bonds and notes:
U.S. Government and agencies		7,334			–			7,334
U.S. Government-Sponsored Enterprises		1,075,918			–			1,075,918
All other corporates		234,610			144,802			89,808
Equity securities:
Common stocks:
Banks, trusts and insurance companies		55,305			55,305			–
Industrial, miscellaneous and all other		1,973,361			1,973,361			–
Investments in associated companies		1,111,923			1,111,923			–
Total	$	5,072,027		$	3,898,719		$	1,173,308
Other current liabilities	$	(1,550	)	$	(1,550	)	$	–

	December 31, 2010
				Fair Value Measurements Using
	Total Fair Value Measurements			Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)			Significant Other  Observable Inputs (Level 2)
Investments classified as current assets:
Investments available for sale:
Bonds and notes:
U.S. Government and agencies	$	247,017		$	247,017		$	–
All other corporates		6,572			6,324			248
Non-current investments:
Investments available for sale:
Bonds and notes:
U.S. Government and agencies		7,716			–			7,716
U.S. Government-Sponsored Enterprises		823,383			–			823,383
All other corporates		192,533			150,193			42,340
Equity securities:
Common stocks:
Banks, trusts and insurance companies		49,276			49,276			–
Industrial, miscellaneous and all other		2,593,331			2,593,331			–
Investments in associated companies		1,314,227			1,314,227			–
Total	$	5,234,055		$	4,360,368		$	873,687
Other current liabilities	$	(2,413	)	$	(1,878	)	$	(535	)

Schedule of Assets and Liabilities Measured on Nonrecurring Basis at Fair Value

	December 31, 2010
			Fair Value Measurements Using
	Total Fair Value Measurements		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Long-lived assets held and used (a)	$	20,600	$	–	$	20,600	$	–
Long-lived assets held for sale (b)		7,000		–		7,000		–
Other non-current investments (c)		2,200		–		–		2,200

(a)   As more fully discussed in the 2010 10-K, the Company evaluated for impairment the carrying value of the Myrtle Beach project's real estate assets, recorded an impairment charge and reduced the carrying amount to its fair value.  As of December 31, 2010, the Company also wrote down to fair value one of its real estate projects based on an appraisal and prices for similar assets, and recognized an impairment charge, which is included in selling, general and other expenses.

(b)   Consists of a corporate aircraft for which the fair value was primarily based on prices for similar assets.

(c)   Represents an investment in a non-public security accounted for under the cost method of accounting for which the Company primarily reviewed issuer financial statements to determine its fair value.

Schedule of Fair Value of Financial Instruments

	June 30, 2011				December 31, 2010
	Carrying		Fair		Carrying			Fair
	Amount		Value		Amount			Value
Financial Assets:
Investments:
Current	$	620,868	$	620,868	$	264,572		$	264,572
Non-current		3,517,048		3,517,048		3,832,659			3,832,659
Cash and cash equivalents		539,092		539,092		441,340			441,340
Notes receivable:
Current		1,685		1,685		740			740
Non-current		13,531		13,531		2,633			2,633
Financial Liabilities:
Indebtedness:
Current		660,579		660,579		543,780			461,350
Non-current		1,471,239		1,625,507		1,548,469			1,677,656
Securities sold not owned		1,550		1,550		1,878			1,878
Swap agreements:
Interest rate swaps		–		–		(535	)		(535	)