XML 42 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business and Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2012
Accounting Policies [Abstract]  
Investment in Kinross
(in thousands)   9/30/2012    12/31/2011 
Shares   670    850 
Fair value          
  Current assets  $1,710   $4,361 
  Long term assets  $5,131   $5,329 
           
Kinross Shares Sold
(in thousands)  Nine months ended
September 30
   2012  2011
Shares sold   180    125 
Proceeds  $1,591   $1,964 
Gain on sale  $1,464   $1,870 
Fair Value of Derivative Instruments Balance Sheet
(in thousands)  Derivative Instruments
   Balance Sheet Location  September 30,
 2012		  December 31, 2011
Derivatives not designated as hedging  instruments under ASC 815         
Kinross February 2013 call option  Other current liabilities  $68   $—   
Ely investment warrants  Other current assets   —      74 
International Lithium Corp warrants  Other current assets   1    4 
Warrant derivative liability  Warrant liability   1,379    —   
Fair Value of Derivative Instruments Statement of Operations
(in thousands)  Three months ended  Nine months ended
   September
30, 2012		  September
30, 2011		  September
30, 2012		  September
30, 2011
Derivatives not designated as hedging
  instruments under ASC 815		  Gain(loss)  Gain(loss)  Gain(loss)  Gain(loss)
Kinross February 2012 call option  $—     $33   $—     $33 
Ely investment warrants   (23)   (229)   (74)   (156)
International Lithium Corp warrants   1    3    (2)   3 
Kinross collar   —      —      —      (2)
    Total derivatives  $(22)  $(193)  $(76)  $(122)
Fair Value of Assets and Liabilities at September 30, 2012
(in thousands)   Level 1    Level 2    Level 3    Total 
Assets                    
Marketable equity securities  $7,648   $—     $—     $7,648 
ILC warrants - other current assets   —      1    —      1 
Liabilities                    
RMB warrants – long term liabilities   —      1,379    —      1,379 
Kinross call   68    —      —      68 
Fair Value of Assets and Liabilities at December 31, 2011
(in thousands)   Level 1      Level 2      Level 3    Total   
Assets                    
  Marketable equity securities  $10,361   $—     $—     $10,361 
   Other current assets - Ely warrants   —      74    —      74 
   Other current assets - ILC warrants   —      4    —      4 
Marketable Securities and Related Other Comprehensive Income
(in thousands)   September
30, 2012  		    December
31, 2011  		 
  Marketable equity securities at fair value  $7,648   $10,361 
  Cost   860    988 
  Accumulated other comprehensive income for
    unrealized holding gains		   6,788    9,373 
  Deferred taxes on accumulated other comprehensive
    income for unrealized holding gains		   2,532    3,496 
Accumulated other comprehensive income  $4,256   $5,877 
Changes in Marketable Securities
(in thousands)  Three months ended
September 30,		  Nine months ended
September 30,
   2012  2011  2012  2011
Gross cash proceeds  $—     $—     $1,591   $1,964 
Cost   —      —      127    94 
Gross gain on sale included in earnings during the period   —      —      1,464    1,870 
Deferred taxes on gross gain on sale included in earnings   —      —      (546)   (698)
Reclassification adjustment to unrealized gain in
  other comprehensive income for net gains
  included in earnings		   —      —      (918)   (1,172)
Gross unrealized holding gain (loss) arising
  during the period included in other
  comprehensive loss.		   1,544    (1,385)   (1,121)   (4,555)
Deferred taxes on unrealized holdings (gain) loss
  included in other comprehensive loss		   (576)   516    418    1,699 
Net unrealized holding gain (loss)   968    (869)   (703)   (2,856)
Other comprehensive income (loss) from
  marketable equity securities		  $968   $(869)   (1,621)  $(4,028)