XML 35 R8.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Investments | 6 Months Ended
--- | ---
Jun. 29, 2013
Investments |
Investments | Note 2– Investments Seaboard’s short-term investments are treated as either available-for-sale securities or trading securities. All of Seaboard’s available-for-sale and trading securities are classified as current assets as they are readily available to support Seaboard’s current operating needs. Available-for-sale securities are recorded at their estimated fair value with unrealized gains and losses reported, net of tax, as a separate component of accumulated other comprehensive loss. Trading securities are recorded at their estimated fair value with unrealized gains and losses reflected in other investment income (loss), net. At June 29, 2013 and December 31, 2012, amortized cost and estimated fair value were not materially different for these investments. At June 29, 2013, money market funds included $7,987,000 denominated in Canadian dollars, $5,298,000 denominated in British Pounds and $3,500,000 denominated in Euros. As of June 29, 2013, the trading securities primarily consisted of high yield debt securities. The following is a summary of the amortized cost and estimated fair value of short-term investments for both available-for-sale and trading securities at June 29, 2013 and December 31, 2012.
|  | 2013 |  | 2012 |
|  | Amortized |  | Fair |  | Amortized |  | Fair |
(Thousands of dollars) |  | Cost |  | Value |  | Cost |  | Value |
Money market funds |  | $ | 148,983 |  | $ | 148,983 |  | $ | 126,537 |  | $ | 126,537 |
Corporate bonds |  | 69,724 |  | 70,098 |  | 67,275 |  | 69,214 |
Enhanced cash mutual fund |  | 25,000 |  | 24,978 |  | - |  | - |
U.S. Government agency securities |  | 23,404 |  | 23,271 |  | 23,647 |  | 23,775 |
Emerging markets debt mutual fund |  | 17,693 |  | 17,278 |  | 17,693 |  | 18,734 |
U.S. Treasury securities |  | 16,973 |  | 16,935 |  | 17,165 |  | 17,169 |
Collateralized mortgage obligations |  | 15,359 |  | 15,315 |  | 15,059 |  | 15,162 |
Asset backed debt securities |  | 11,395 |  | 11,423 |  | 12,180 |  | 12,238 |
Total available-for-sale short-term investments |  | 328,531 |  | 328,281 |  | 279,556 |  | 282,829 |
High yield trading debt securities |  | 23,536 |  | 24,214 |  | 21,839 |  | 23,406 |
Emerging markets trading debt mutual fund |  | 3,120 |  | 2,929 |  | 3,046 |  | 3,237 |
Emerging markets trading debt securities |  | 1,989 |  | 2,034 |  | 2,361 |  | 2,600 |
Other trading investments |  | 1,015 |  | 1,048 |  | 1,262 |  | 1,307 |
Total available-for-sale and trading short-term investments |  | $ | 358,191 |  | $ | 358,506 |  | $ | 308,064 |  | $ | 313,379 |
The following table summarizes the estimated fair value of fixed rate securities designated as available-for-sale classified by the contractual maturity date of the security as of June 29, 2013.
(Thousands of dollars) |  | 2013 |
Due within one year |  | $ | 2,128 |
Due after one year through three years |  | 57,362 |
Due after three years |  | 51,283 |
Total fixed rate securities |  | $ | 110,773 |
In addition to its short-term investments, Seaboard also has trading securities related to Seaboard’s deferred compensation plans classified in other current assets on the Condensed Consolidated Balance Sheets. See Note 5 to the Condensed Consolidated Financial Statements for information on the types of trading securities held related to the deferred compensation plans.

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShortTermInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration