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Investments

3 Months Ended

Mar. 31, 2016

The cost and fair value of investments classified as available for sale are as follows:

March 31, 2016	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Common stocks & ETF’s	$	673	$	38	$	(92	)	$	619
Mutual Funds		27		—		—			27
Preferred Securities		97		3		—			100
Corporate Bonds		1,618		93		(98	)		1,613
Total	$	2,415	$	134	$	(190	)	$	2,359

December 31, 2015	Cost		Unrealized Gains		Unrealized Losses			Fair Value

Common stocks & ETF’s	$	690	$	17	$	(94	)	$	613
Mutual Funds		27		—		(1	)		26
Preferred Securities		98		6		—			104
Corporate Bonds		1,393		43		(88	)		1,348
Total	$	2,208	$	66	$	(183	)	$	2,091

Gross gains of $2, and $6 and gross losses of $14 and $11 were realized on the sales of investments during the three months ended March 31, 2016 and 2015 respectively.

The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2016 and December 31, 2015:

	Less Than 12 Months					12 Months or Greater					Total
March 31, 2016	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Common stocks & ETF’s	$	83	$	(30	)	$	273	$	(62	)	$	356	$	(92	)
Mutual Funds
Preferred Securities
Corporate Bonds		398		(4	)		566		(94	)		964		(98	)
	$	481	$	(34	)	$	839	$	(156	)	$	1,320	$	(190	)

	Less Than 12 Months					12 Months or Greater					Total
December 31, 2015	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses

Common stocks & ETF’s	$	225	$	(72	)	$	152	$	(22	)	$	377	$	(94	)
Mutual Funds		26		(1	)		—		—			26		(1	)
Preferred Securities		—		—			—		—			—		—
Corporate Bonds		370		(32	)		479		(56	)		849		(88	)
	$	621	$	(105	)	$	631	$	(78	)	$	1,252	$	(183	)

The Company’s investments in equity securities, mutual funds, preferred securities, and corporate bonds consist of investments in common stock, preferred stock, structured notes and other debt securities of companies in various industries. The Company recorded other-than-temporary impairment losses of $0 and $180 during the first quarter of 2016 and 2015, respectively. The structured notes allow the issuer to settle at an amount less than par in certain circumstances. In reaching a conclusion to record these other-than-temporary impairment losses, the Company evaluated the near-term prospects of the issuers and determined it was probable the issuers would have the ability to settle the bonds for an amount less than par value at maturity.