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Investments (Tables)
 6 Months Ended
Jun. 30, 2012
Investments [Abstract]  
Investment Securities Stated At Fair Value

As of June 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

Total as of 

 

Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 

Significant Unobservable Inputs

 

 

June 30, 2012

 

(Level 1)

 

(Level 2)

 

(Level 3)

Cash & Cash Equivalents

$

 375,707,033 

$

 375,707,033 

$

 -

$

 -

Short-Term Investments:

 

 

 

 

 

 

 

 

Government Securities

 

 15,995,000 

 

 15,995,000 

 

 -

 

 -

U.S. Treasury Notes

 

 25,010,750 

 

 -

 

 25,010,750 

 

 -

Corporate Bonds

 

 4,670,329 

 

 -

 

 4,670,329 

 

 -

Other

 

 271,037 

 

 271,037 

 

                    -

 

 -

Long-Term Investments:

 

 

 

 

 

 

 

 

Common Stocks

 

 58,278,414 

 

 58,278,414 

 

 -

 

 -

Mutual Funds - Equity

 

 74,680,329 

 

 74,680,329 

 

 -

 

 -

Certificate of Deposit

 

 505,390 

 

 -

 

 505,390 

 

 -

Corporate Bonds

 

 3,734,570 

 

 -

 

 3,734,570 

 

 -

Other - Equity

 

 357,700 

 

 357,700 

 

 -

 

 -

Total

$

 559,210,552 

$

 525,289,513 

$

 33,921,039 

$

 -

 

      As of December 31, 2011:       

 

 

 

 

 

 

 
Schedule Of Amortized Cost, Unrealized Gains And Losses, And Market Value Of Investment Securities

As of June 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

 

Cost

Gains

 

Losses

 

Market Value

Short-Term Investments:

 

 

 

 

 

 

 

 

Government Securities

$

 15,998,699 

$

 300 

$

 (3,999)

$

 15,995,000 

U.S. Treasury Notes

 

 25,006,426 

 

 4,324 

 

 -

 

 25,010,750 

Corporate Bonds

 

 4,675,864 

 

 -

 

 (5,535)

 

 4,670,329 

Other

 

 271,037 

 

 -

 

 -

 

 271,037 

Long-Term Investments:

 

 

 

 

 

 

 

 

Common Stocks

 

 44,882,474 

 

 14,375,674 

 

 (979,734)

 

 58,278,414 

Mutual Funds - Equity

 

 67,461,376 

 

 8,046,348 

 

 (827,395)

 

 74,680,329 

Certificate of Deposit

 

 505,390 

 

 -

 

 -

 

 505,390 

Corporate Bonds

 

 3,713,539 

 

 21,031 

 

 -

 

 3,734,570 

Other - Equity

 

 338,506 

 

 19,194 

 

 -

 

 357,700 

Total

$

 162,853,311 

$

 22,466,871 

$

 (1,816,663)

$

 183,503,519 

 

      As of December 31, 2011:

 

 

 

 

 

 

 

 
Schedule Of Unrealized Loss On Investments

Unrealized losses on investments as of June 30, 2012, are as follows:

 

 

 

 

 

 

Aggregate Unrealized Losses

 

Aggregate Fair Value

Less than one year

$

 (1,816,663)

 

$

 40,106,822 

Greater than one year

 

 -

 

 

 -

 

Unrealized losses on investments as of December 31, 2011 are as follows:

 

 

 

 

 
Maturities Of Fixed Income Securities

Due within one year

$

 45,947,116 

Due between one and five years

 

 4,239,960 

Due over five years

 

 -

Total

$

 50,187,076