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Note 11 - Marketable Securities | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] |
11. | Marketable Securities :
Effective January 1, 2018, in accordance with the adoption of ASU 2016 - 01, the Company recognizes changes in the fair value of equity investments with readily determinable fair values in net income. In addition, the Company recorded a cumulative-effect adjustment of $1.1 million to its beginning retained earnings as of January 1, 2018, which is reflected in Cumulative distributions in excess of net income on the Company’s Consolidated Statements of Changes in Equity, to reclassify unrealized losses previously reported in AOCI for available-for-sale marketable securities. Also, during the year ended December 31, 2018, the Company recognized a net loss on changes in fair value of its available-for-sale marketable securities of $3.5 million in Other income, net on the Company’s Consolidated Statements of Income. The following is a summary of amounts recorded on the Consolidated Financial Statements for marketable securities at December 31, 2018 and 2017 (in thousands):
|  | December 31, 2018 |  |  | December 31, 2017 |
Available-for-sale: |  |  |  |  |  |  |  |
Equity securities |  | $ | 9,045 |  |  | $ | 11,936 |
Held-to-maturity: |  |  |  |  |  |  |  |
Debt securities |  |  | 1,257 |  |  |  | 1,329 |
Total marketable securities |  | $ | 10,302 |  |  | $ | 13,265 |
During 2017, the Company acquired available-for-sale marketable equity securities for an aggregate purchase price of $9.8 million. As of December 31, 2018, the contractual maturities of debt securities classified as held-to-maturity are within the next five years. Actual maturities may differ from contractual maturities as issuers may have the right to prepay debt obligations with or without prepayment penalties.

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