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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Increase (decrease) in net assets from operations $ (10,455) $ 10,235
Adjustments to reconcile increase (decrease) in net assets from operations to net cash provided by (used in) operating activities:    
Net proceeds from disposition of investments 39 74,821
Proceeds from repayment of loans 111 0
Purchases of securities (9,822) (2,395)
Depreciation and amortization 5 6
Net pension benefit (73) (92)
Realized (gain) loss on investments before income tax 5,911 (74,015)
Net decrease in unrealized appreciation of investments 4,558 65,742
Stock option expense 245 223
Decrease (increase) in dividend and interest receivable (229) 675
Decrease in receivables from affiliates 340 217
Increase in other assets 1 0
Decrease in other liabilities 22 (50)
Increase in deferred income taxes 25 32
Net cash provided by (used in) operating activities (9,322) 75,399
Cash flows from financing activities    
Distributions from undistributed net investment income (1,501) (1,497)
Proceeds from exercise of employee stock options 0 0
Purchase of treasury stock 0 0
Net cash used in financing activities (1,501) (1,497)
Net increase (decrease) in cash and cash equivalents (10,823) 73,902
Cash and cash equivalents at beginning of period 45,498  
Cash and cash equivalents at end of period 34,675 77,996
Supplemental disclosure of cash flow information:    
Income taxes $ 0 $ 0