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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Investment income:    
Interest $ 453 $ 301
Dividends 572 2,389
Management and directors' fees 171 277
Revenues total 1,196 2,967
Operating expenses:    
Salaries 472 398
Stock option expense 245 223
Net pension benefit (73) (92)
Professional fees 305 237
Other operating expenses 216 208
Gross Profit 1,165 974
Income before income taxes 31 1,992
Income tax expense 17 30
Net investment income 14 1,962
Proceeds from disposition of investments 39 78,525
Cost of investments sold 5,950 4,510
Net realized gain (loss) on investments (5,911) 74,015
Net decrease in unrealized appreciation of investments (4,558) (65,742)
Net realized and unrealized gain (loss) on investments (10,469) 8,273
Increase (decrease) in net assets from operations $ (10,455) $ 10,235