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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2020
Fair Value Disclosures [Abstract] |
Summary of Company's fair value hierarchy measured at recurring basis | The following table presents the Company's fair value hierarchy for those assets and liabilities measured and carried at fair value on a recurring basis. During the six months ended June 30, 2020 and 2019, there were no transfers between Level 1 and Level 2. At June 30, 2020, Level 3 invested assets comprised 6.3% of the Company’s total investment portfolio at fair value.
($ in thousands) |  |  |  | Fair Value Measurements at
|  | Carrying |  | Fair |  | Reporting Date Using
|  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
June 30, 2020 |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |
Investments |  |  |  |  |  |  |  |  |  |
Fixed maturity securities |  |  |  |  |  |  |  |  |  |
U.S. Government and federally sponsored agency obligations: |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 718,974 |  |  | $ | 718,974 |  |  | $ | — |  |  | $ | 694,513 |  |  | $ | 24,461 |
Other, including U.S. Treasury securities |  | 374,881 |  |  | 374,881 |  |  | 18,520 |  |  | 356,361 |  |  | — |
Municipal bonds |  | 1,805,550 |  |  | 1,805,550 |  |  | — |  |  | 1,732,379 |  |  | 73,171 |
Foreign government bonds |  | 43,550 |  |  | 43,550 |  |  | — |  |  | 43,550 |  |  | — |
Corporate bonds |  | 1,862,440 |  |  | 1,862,440 |  |  | 12,773 |  |  | 1,723,375 |  |  | 126,292 |
Other asset-backed securities |  | 1,216,588 |  |  | 1,216,588 |  |  | — |  |  | 1,040,903 |  |  | 175,685 |
Total fixed maturity securities |  | 6,021,983 |  |  | 6,021,983 |  |  | 31,293 |  |  | 5,591,081 |  |  | 399,609 |
Equity securities |  | 90,338 |  |  | 90,338 |  |  | 35,269 |  |  | 54,954 |  |  | 115 |
Short-term investments |  | 182,670 |  |  | 182,670 |  |  | 179,651 |  |  | 3,019 |  |  | — |
Other investments |  | 23,604 |  |  | 23,604 |  |  | — |  |  | 23,604 |  |  | — |
Totals |  | $ | 6,318,595 |  |  | $ | 6,318,595 |  |  | $ | 246,213 |  |  | $ | 5,672,658 |  |  | $ | 399,724 |
Separate Account (variable annuity) assets (1) |  | $ | 2,316,900 |  |  | $ | 2,316,900 |  |  | $ | 2,316,900 |  |  | $ | — |  |  | $ | — |
Financial Liabilities |  |  |  |  |  |  |  |  |  |
Investment contract and policy reserves, embedded derivatives |  | $ | 1,113 |  |  | $ | 1,113 |  |  | $ | — |  |  | $ | 1,113 |  |  | $ | — |
Other policyholder funds, embedded derivatives |  | $ | 93,619 |  |  | $ | 93,619 |  |  | $ | — |  |  | $ | — |  |  | $ | 93,619 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |
Investments |  |  |  |  |  |  |  |  |  |
Fixed maturity securities |  |  |  |  |  |  |  |  |  |
U.S. Government and federally sponsored agency obligations: |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 724,319 |  |  | $ | 724,319 |  |  | $ | — |  |  | $ | 711,004 |  |  | $ | 13,315 |
Other, including U.S. Treasury securities |  | 458,868 |  |  | 458,868 |  |  | 17,699 |  |  | 441,169 |  |  | — |
Municipal bonds |  | 1,686,203 |  |  | 1,686,203 |  |  | — |  |  | 1,641,912 |  |  | 44,291 |
Foreign government bonds |  | 45,370 |  |  | 45,370 |  |  | — |  |  | 45,370 |  |  | — |
Corporate bonds |  | 1,581,424 |  |  | 1,581,424 |  |  | 14,470 |  |  | 1,463,002 |  |  | 103,952 |
Other asset-backed securities |  | 1,295,492 |  |  | 1,295,492 |  |  | — |  |  | 1,161,979 |  |  | 133,513 |
Total fixed maturity securities |  | 5,791,676 |  |  | 5,791,676 |  |  | 32,169 |  |  | 5,464,436 |  |  | 295,071 |
Equity securities |  | 101,864 |  |  | 101,864 |  |  | 49,834 |  |  | 51,923 |  |  | 107 |
Short-term investments |  | 172,667 |  |  | 172,667 |  |  | 172,667 |  |  | — |  |  | — |
Other investments |  | 25,997 |  |  | 25,997 |  |  | — |  |  | 25,997 |  |  | — |
Totals |  | $ | 6,092,204 |  |  | $ | 6,092,204 |  |  | $ | 254,670 |  |  | $ | 5,542,356 |  |  | $ | 295,178 |
Separate Account (variable annuity) assets (1) |  | $ | 2,490,469 |  |  | $ | 2,490,469 |  |  | $ | 2,490,469 |  |  | $ | — |  |  | $ | — |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment contract and policy reserves, embedded derivatives |  | $ | 1,314 |  |  | $ | 1,314 |  |  | $ | — |  |  | $ | 1,314 |  |  | $ | — |
Other policyholder funds, embedded derivatives |  | $ | 93,733 |  |  | $ | 93,733 |  |  | $ | — |  |  | $ | — |  |  | $ | 93,733 |
(1) Separate Account (variable annuity) liabilities are equal to the estimated fair value of the Separate Account (variable annuity) assets.
Table for reconciliations for all Level 3 assets measured at fair value on a recurring basis | The reconciliation for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) was as follows:
($ in thousands) |  | Financial Assets |  | Financial Liabilities(1)
|  | Municipal Bonds |  | Corporate Bonds |  | Other Mortgage- Backed Securities(2) |  | Total Fixed Maturity Securities |  | Equity Securities |  | Total |  |
Beginning balance, April 1, 2020 |  | $ | 104,892 |  |  | $ | 111,693 |  |  | $ | 140,527 |  |  | $ | 357,112 |  |  | $ | 83 |  |  | $ | 357,195 |  |  | $ | 87,506 |
Transfers into Level 3 (3) |  | 10,726 |  |  | 13,970 |  |  | 64,239 |  |  | 88,935 |  |  | — |  |  | 88,935 |  |  | — |
Transfers out of Level 3 (3) |  | (45,917 | ) |  | (4,166 | ) |  | (3,438 | ) |  | (53,521 | ) |  | — |  |  | (53,521 | ) |  | — |
Total gains or losses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net investment gains (losses) included in net income related to financial assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 32 |  |  | 32 |  |  | — |
Net realized (gains) losses included in net income related to financial liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,966 |
Net unrealized investment gains (losses) included in OCI |  | 3,838 |  |  | 5,308 |  |  | 3,261 |  |  | 12,407 |  |  | — |  |  | 12,407 |  |  | — |
Purchases |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Issuances |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,513 |
Sales |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Settlements |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Paydowns, maturities and distributions |  | (368 | ) |  | (513 | ) |  | (4,443 | ) |  | (5,324 | ) |  | — |  |  | (5,324 | ) |  | (2,366 | )
Ending balance, June 30, 2020 |  | $ | 73,171 |  |  | $ | 126,292 |  |  | $ | 200,146 |  |  | $ | 399,609 |  |  | $ | 115 |  |  | $ | 399,724 |  |  | $ | 93,619 |
Beginning balance, January 1, 2020 |  | $ | 44,291 |  |  | $ | 103,952 |  |  | $ | 146,828 |  |  | $ | 295,071 |  |  | $ | 107 |  |  | $ | 295,178 |  |  | $ | 93,733 |
Transfers into Level 3 (3) |  | 74,477 |  |  | 32,803 |  |  | 86,714 |  |  | 193,994 |  |  | — |  |  | 193,994 |  |  | — |
Transfers out of Level 3 (3) |  | (45,917 | ) |  | (14,188 | ) |  | (6,385 | ) |  | (66,490 | ) |  | — |  |  | (66,490 | ) |  | — |
Total gains or losses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net investment gains (losses) included in net income related to financial assets |  | — |  |  | — |  |  | — |  |  | — |  |  | 8 |  |  | 8 |  |  | — |
Net realized (gains) losses included in net income related to financial liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 924 |
Net unrealized investment gains (losses) included in OCI |  | 812 |  |  | (173 | ) |  | (21,101 | ) |  | (20,462 | ) |  | — |  |  | (20,462 | ) |  | — |
Purchases |  | — |  |  | 6,875 |  |  | 1,890 |  |  | 8,765 |  |  | — |  |  | 8,765 |  |  | — |
Issuances |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,867 |
Sales |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Settlements |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Paydowns, maturities and distributions |  | (492 | ) |  | (2,977 | ) |  | (7,800 | ) |  | (11,269 | ) |  | — |  |  | (11,269 | ) |  | (4,905 | )
Ending balance, June 30, 2020 |  | $ | 73,171 |  |  | $ | 126,292 |  |  | $ | 200,146 |  |  | $ | 399,609 |  |  | $ | 115 |  |  | $ | 399,724 |  |  | $ | 93,619 |
(1) | Represents embedded derivatives, all related to the Company's fixed indexed annuity products, reported in Other policyholder funds in the Company's Consolidated Balance Sheets.
(2) | Includes U.S. Government and federally sponsored agency obligations for mortgage-backed securities and other mortgage-backed securities.
(3) | Transfers into and out of Level 3 during the three and six months ended June 30, 2020 were attributable to changes in the availability of observable market information for individual fixed maturity securities. The Company's policy is to recognize transfers into and transfers out of the levels as having occurred at the end of the reporting period in which the transfers were determined.
($ in thousands) |  | Financial Assets |  | Financial Liabilities(1)
|  | Municipal Bonds |  | Corporate Bonds |  | Other Mortgage- Backed Securities (2) |  | Total Fixed Maturity Securities |  | Equity Securities |  | Total |  |
Beginning balance, April 1, 2019 |  | $ | 47,756 |  |  | $ | 82,482 |  |  | $ | 135,790 |  |  | $ | 266,028 |  |  | $ | 5 |  |  | $ | 266,033 |  |  | $ | 84,629 |
Transfers into Level 3 (3) |  | — |  |  | 2,808 |  |  | — |  |  | 2,808 |  |  | 64 |  |  | 2,872 |  |  | — |
Transfers out of Level 3 (3) |  | — |  |  | (4,876 | ) |  | — |  |  | (4,876 | ) |  | — |  |  | (4,876 | ) |  | — |
Total gains or losses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net investment gains (losses) included in net income related to financial assets |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net realized (gains) losses included in net income related to financial liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 371 |
Net unrealized investment gains (losses) included in OCI |  | (537 | ) |  | 1,961 |  |  | 2,807 |  |  | 4,231 |  |  | — |  |  | 4,231 |  |  | — |
Purchases |  | — |  |  | 1,566 |  |  | — |  |  | 1,566 |  |  | — |  |  | 1,566 |  |  | — |
Issuances |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,431 |
Sales |  | — |  |  | — |  |  | (607 | ) |  | (607 | ) |  | — |  |  | (607 | ) |  | — |
Settlements |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Paydowns, maturities and distributions |  | (235 | ) |  | (4,719 | ) |  | (9,552 | ) |  | (14,506 | ) |  | — |  |  | (14,506 | ) |  | (1,470 | )
Ending balance, June 30, 2019 |  | $ | 46,984 |  |  | $ | 79,222 |  |  | $ | 128,438 |  |  | $ | 254,644 |  |  | $ | 69 |  |  | $ | 254,713 |  |  | $ | 85,961 |
Beginning balance, January 1, 2019 |  | $ | 47,531 |  |  | $ | 80,742 |  |  | $ | 120,211 |  |  | $ | 248,484 |  |  | $ | 5 |  |  | $ | 248,489 |  |  | $ | 78,700 |
Transfers into Level 3 (3) |  | — |  |  | 5,882 |  |  | 21,934 |  |  | 27,816 |  |  | 64 |  |  | 27,880 |  |  | — |
Transfers out of Level 3 (3) |  | — |  |  | (4,876 | ) |  | — |  |  | (4,876 | ) |  | — |  |  | (4,876 | ) |  | — |
Total gains or losses |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net investment gains (losses) included in net income related to financial assets |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net realized (gains) losses included in net income related to financial liabilities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,705 |
Net unrealized investment gains (losses) included in OCI |  | (193 | ) |  | 4,510 |  |  | 2,655 |  |  | 6,972 |  |  | — |  |  | 6,972 |  |  | — |
Purchases |  | — |  |  | 1,566 |  |  | — |  |  | 1,566 |  |  | — |  |  | 1,566 |  |  | — |
Issuances |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,449 |
Sales |  | — |  |  | — |  |  | (607 | ) |  | (607 | ) |  | — |  |  | (607 | ) |  | — |
Settlements |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Paydowns, maturities and distributions |  | (354 | ) |  | (8,602 | ) |  | (15,755 | ) |  | (24,711 | ) |  | — |  |  | (24,711 | ) |  | (2,893 | )
Ending balance, June 30, 2019 |  | $ | 46,984 |  |  | $ | 79,222 |  |  | $ | 128,438 |  |  | $ | 254,644 |  |  | $ | 69 |  |  | $ | 254,713 |  |  | $ | 85,961 |
(1) | Represents embedded derivatives, all related to the Company's fixed indexed annuity products, reported in Other policyholder funds in the Company's Consolidated Balance Sheets.
(2) | Includes U.S. Government and federally sponsored agency obligations for mortgage-backed securities and other mortgage-backed securities.
(3) Transfers into and out of Level 3 during the three and six months ended June 30, 2019 were attributable to changes in the availability of observable market information for individual fixed maturity securities. The Company's policy is to recognize transfers into and transfers out of the levels as having occurred at the end of the reporting period in which the transfers were determined.
Quantitative Information about Level 3 Fair Value Measurements | The following table provides quantitative information about the significant unobservable inputs for recurring fair value measurements categorized within Level 3.
($ in thousands)
Financial Assets |  | Fair Value at June 30, 2020 |  | Valuation Technique(s) |  | Unobservable Inputs |  | Range (Weighted Average) and Single Point Best Estimate (1)
Municipal bonds |  | $ | 73,171 |  |  | discounted cash flow |  | I spread (2) |  | 578 bps
Corporate bonds |  | 126,292 |  |  | discounted cash flow |  | N spread (3) |  | 762 bps
|  |  |  | discounted cash flow |  | T spread (4) |  | 378 bps
|  |  |  | discounted cash flow |  | I spread (2) |  | 495 bps
|  |  |  | market comparable |  | EV / TTM EBITDA (x) (5) |  | 5.11x
Other asset-backed securities |  | 175,685 |  |  | discounted cash flow |  | constant prepayment rate |  | 20.0%
|  |  |  | vendor price |  | haircut |  | 3.0%
|  |  |  | market comparable |  | EV / TTM EBITDA (x) (5) |  | 5.11x
|  |  |  | discounted cash flow |  | N spread (3) |  | 732 bps
|  |  |  | discounted cash flow |  | PDI interest margin (6) |  | 7.13%
|  |  |  | discounted cash flow |  | SBL interest margin (7) |  | 4.50%
Government mortgage-backed securities |  | 24,461 |  |  | vendor price |  | haircut |  | 3.0%
|  |  |  | discounted cash flow |  | N spread (3) |  | 109 bps
|  |  |  | discounted cash flow |  | constant prepayment yield |  | 100 bps
|  |  |  | discounted cash flow |  | constant default rate |  | 0
Equity securities |  | 115 |  |  | Black Scholes |  | equity value |  | low - $43.27; high - $44.53
($ in thousands)
Financial Liabilities |  | Fair Value at June 30, 2020 |  | Valuation Technique(s) |  | Unobservable Inputs |  | Range (Weighted Average) and Single Point Best Estimate (1)
Derivatives embedded in fixed indexed annuity products |  | $ | 93,619 |  |  | discounted cash flow |  | lapse rate |  | 5.25%
|  |  |  |  |  | mortality multiplier (8) |  | 61.00%
|  |  |  |  |  | option budget |  | 1.00% - 2.50%
|  |  |  |  |  | non-performance adjustment (9) |  | 5.00%
(1) | When a range of unobservable inputs is not readily available, the Company uses a single point best estimate.
(2) | "I spread" is the interpolated weighted average life point on the "on the run" (OTR) point of the curve.
(3) | "N spread" is the interpolated weighted average life point on the swap curve.
(4) | "T spread" is a specific point on the OTR curve.
(5) | This represents the enterprise value (EV) for trailing twelve months (TTM) of EBITDA plus multiplier.
(6) | "PDI" stands for private debt investment.
(7) | "SBL" stands for broadly syndicated loans.
(8) | Mortality multiplier is applied to the Annuity 2000 table.
(9) Determined as a percentage of a risk-free rate.
Summary of fair value assets and liabilities measured on nonrecurring basis | The Company has various other financial assets and financial liabilities used in the normal course of business that are not carried at fair value, but for which fair value disclosure is required. These financial assets and financial liabilities are further described in Part II - Item 8, Note 4 in the Company's Annual Report on Form 10-K for the year ended December 31, 2019. The following table presents the carrying value, fair value and fair value hierarchy of these financial assets and financial liabilities.
($ in thousands) |  |  |  | Fair Value Measurements at
|  | Carrying |  | Fair |  | Reporting Date Using
|  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
June 30, 2020 |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |
Investments |  |  |  |  |  |  |  |  |  |
Other investments |  | $ | 168,541 |  |  | $ | 172,364 |  |  | $ | — |  |  | $ | — |  |  | $ | 172,364 |
Deposit asset on reinsurance |  | 2,373,267 |  |  | 2,846,176 |  |  | — |  |  | — |  |  | 2,846,176 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |
Investment contract and policy reserves, fixed annuity contracts |  | 4,742,272 |  |  | 4,651,533 |  |  | — |  |  | — |  |  | 4,651,533 |
Investment contract and policy reserves, account values on life contracts |  | 95,885 |  |  | 100,673 |  |  | — |  |  | — |  |  | 100,673 |
Other policyholder funds |  | 648,240 |  |  | 648,240 |  |  | — |  |  | 590,693 |  |  | 57,547 |
Short-term debt |  | 135,000 |  |  | 135,000 |  |  | — |  |  | — |  |  | 135,000 |
Long-term debt |  | 302,172 |  |  | 332,385 |  |  | — |  |  | 332,385 |  |  | — |
December 31, 2019 |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |
Investments |  |  |  |  |  |  |  |  |  |
Other investments |  | $ | 163,312 |  |  | $ | 167,185 |  |  | $ | — |  |  | $ | — |  |  | $ | 167,185 |
Deposit asset on reinsurance |  | 2,346,166 |  |  | 2,634,012 |  |  | — |  |  | — |  |  | 2,634,012 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment contract and policy reserves, fixed annuity contracts |  | 4,675,774 |  |  | 4,609,880 |  |  | — |  |  | — |  |  | 4,609,880 |
Investment contract and policy reserves, account values on life contracts |  | 93,465 |  |  | 98,332 |  |  | — |  |  | — |  |  | 98,332 |
Other policyholder funds |  | 553,550 |  |  | 553,550 |  |  | — |  |  | 495,812 |  |  | 57,738 |
Short-term debt |  | 135,000 |  |  | 135,000 |  |  | — |  |  | — |  |  | 135,000 |
Long-term debt |  | 298,025 |  |  | 322,678 |  |  | — |  |  | 322,678 |  |  | — |

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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