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MARKETABLE EQUITY SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2013
MARKETABLE EQUITY SECURITIES [Abstract]  
Schedule of Market Value and Unrealized Gain (Loss) on Equity Securities Classified as Available for Sale
The following table sets forth cost, market value and unrealized gain/(loss) on equity securities classified as available-for-sale and equity securities classified as trading as of March 31, 2013 and December 31, 2012.

 
March 31, 2013
 
 
December 31, 2012
 
 
(in thousands)
 
Available-for-sale securities
 
 
 
 
 
 
Fair market value
 
$
18,855
 
 
$
17,188
 
Cost
 
 
10,334
 
 
 
10,361
 
Unrealized gain
 
$
8,521
 
 
$
6,827
 
 
 
 
 
 
 
 
 
Trading securities
 
 
 
 
 
 
 
 
Fair market value
 
$
145
 
 
$
132
 
Cost
 
 
157
 
 
 
158
 
Unrealized loss
 
$
(12
)
 
$
(26
)
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
Fair market value
 
$
19,000
 
 
$
17,320
 
Cost
 
$
10,491
 
 
 
10,519
 
Unrealized gain
 
$
8,509
 
 
$
6,801
 
Gross Unrealized Gains and Losses on the Entity's Marketable Securities that Classified as Available for Sale
The following table sets forth the gross unrealized gains and losses on the Company's marketable securities that are classified as available-for-sale as of March 31, 2013 and December 31, 2012.

 
March 31, 2013
 
 
December 31, 2012
 
 
(in thousands)
 
Available-for-sale securities:
 
 
 
 
 
 
Gross unrealized gains
 
$
8,578
 
 
$
6,960
 
Gross unrealized losses
 
 
57
 
 
 
133
 
Total unrealized gains
 
$
8,521
 
 
$
6,827
 
Schedule of Realized Gain Loss Trading Securities
For the quarter ended March 31, 2013, the Company's marketable securities that are classified as trading had gross recognized losses of approximately $12,000 and no gross recognized gains. For the quarter ended March 31, 2012, the Company's marketable securities that are classified as trading had gross recognized gains of approximately $4,000 and gross recognized losses of approximately $2,000. The following table shows recognized gains (losses) in market value for securities classified as trading during the first three months of 2013 and 2012.

 
Three Months Ended
 
 
March 31, 2013
 
 
March 31, 2012
 
 
(in thousands)
 
Trading securities
 
 
 
 
 
 
Recognized loss at beginning of period
 
$
(26
)
 
$
(16
)
Recognized (loss) gain at end of period
 
 
(12
)
 
 
2
 
Net recognized gain
 
$
14
 
 
$
18
 
 
 
 
 
 
 
 
 
Net recognized gain (loss), net of taxes
 
$
9
 
 
$
11
 
Schedule of Realized Gains of Certain Securities which were Held as Available-for-Sale
The following table shows the Company's realized gains during the first three months of 2013 and 2012 on certain securities which were held as available-for sale. The cost of securities sold is based on the specific identification method and interest and dividends on securities are included in non-operating income.

 
Three Months Ended
 
 
March 31, 2013
 
 
March 31, 2012
 
 
(in thousands)
 
Realized gains
 
 
 
 
 
 
Sale proceeds
 
$
13
 
 
$
526
 
Cost of securities sold
 
 
6
 
 
 
229
 
Realized gains
 
$
7
 
 
$
297
 
 
 
 
 
 
 
 
 
Realized gains, net of taxes
 
$
4
 
 
$
179
 
Schedule of Gross Unrealized Losses and Fair Value of Securities
The following table shows the Company's investments' approximate gross unrealized losses and fair value of those securities in a loss position at March 31, 2013 and December 31, 2012. These investments consist of equity securities. As of March 31, 2013 and December 31, 2012 there were no investments that had been in a continuous unrealized loss position for twelve months or longer.

 
March 31, 2013
 
 
December 31, 2012
 
 
(in thousands)
 
 
Fair
Value
 
 
Unrealized
Losses
 
 
Fair
Value
 
 
Unrealized
Losses
 
Equity securities – Available-for-sale
 
$
1,392
 
 
$
57
 
 
$
1,567
 
 
$
133
 
Equity securities – Trading
 
 
145
 
 
 
12
 
 
 
129
 
 
 
26
 
Totals
 
$
1,537
 
 
$
69
 
 
$
1,696
 
 
$
159