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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2014
FAIR VALUE MEASUREMENTS  
Schedule of the valuation of financial instruments measured at fair value on a recurring basis
 
       
 
Fair Value Measurements at December 31, 2014 with:
 
(in thousands)
Quoted prices in
active markets for
identical assets
 
Significant other
observable inputs
 
Significant
unobservable
inputs
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Assets:
     
Trading securities
 
$
   
$
6,575
   
$
 
Available-for-sale securities:
                   
 
Municipal Obligations
 
$
   
$
32,080
     
 
Corporate Obligations
   
     
5,404
     
 
Total
 
$
   
$
37,484
   
$
 


 
 
Fair Value Measurements at December 31, 2013 with:
 
(in thousands)
Quoted prices in
active markets for
identical assets
 
Significant other
observable inputs
 
Significant
unobservable
inputs
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
 
Assets:
     
Trading securities
 
$
   
$
6,388
   
$
 
Available-for-sale securities:
                   
 
Municipal Obligations
 
$
   
$
36,132
     
 
Corporate Obligations
   
     
456
     
 
Total
 
$
   
$
36,588
   
$