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Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Assets Measured at Fair Value

The following tables set forth, by level, within the fair value hierarchy, the Company’s assets measured at fair value as of June 30, 2012:


	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Equities	$	19,026,000	$	—	$	—	$	19,026,000
Mutual Funds		10,976,000		—		—		10,976,000
Corporate Bonds		—		12,231,000		—		12,231,000
Municipal Bonds		—		29,868,000		—		29,868,000
Cash and Money Funds		4,137,000		—		—		4,137,000

Total	$	34,139,000	$	42,099,000	$	—	$	76,238,000

Net unrealized losses as of June 30, 2012 were $99,000. Estimated interest accrued on the corporate and municipal bonds portfolios was $439,000 at June 30, 2012.

The following tables set forth, by level, within the fair value hierarchy, the Company’s assets measured at fair value as of September 30, 2011:


	Fair Value Measurements
	Level 1		Level 2		Level 3		Total
Equities	$	24,213,000	$	—	$	—	$	24,213,000
Mutual Funds		2,566,000		—		—		2,566,000
Corporate Bonds		—		7,845,000		—		7,845,000
Municipal Bonds		—		35,844,000		—		35,844,000
Cash and Money Funds		2,018,000		—		—		2,018,000

Total	$	28,797,000	$	43,689,000	$	—	$	72,486,000

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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